DHA Phase 3

DHA Phase 3 (Serene City)

Defense Housing Authority Phase 3 or DHA phase 3 is on top of the list when it comes to all about efficient development, professional commitment, upscale living standard & finest facilities. DHA has earned this reputation in the Pakistani Real Estate Market after delivering back to back exemplary & marvelous projects across the country. Presently DHA Phase-3 is known as one of the best society to invest in by expert & veteran investors.

MASTER PLAN

DHA phase 3 was previously well known as Serene City Islamabad. Serene City was completely acquired in 2016 by DHA & is now known as DHA Phase 3. Spanning over 3500 kanals which has been fully developed DHA 3 is a top notch society to reside in. It is a great sector specifically planned to cater the different masses. Completely built road & Infrastructure along with developed plots on easy installments make this a perfect project to consider. With easy quarterly installments to be paid in 1, 2 or 3 years & with beautiful scenic beauty this project is a perfect place to live & invest in. Considering that you only need to pay a 30% of your total plots amount & you are eligible to begin construction makes this a one of a kind project.

LOCATION

With an ideal Location , DHA phase 3 has multiple entrances starting from Opposite to DHA gate no 2 & 3. Second entrance is on main GT Road right after you cross Rawat. For those who are unfamiliar with the area, it is located close to the world trade center better known as GIGA Mall. According to the revised master plan of DHA phase 3, the area is divided into sectors namely A,B,C,D,E. Since the acquisition we have seen a great deal of interest from both genuine clients & investors alike for buying & selling of DHA phase 3.

AMENITIES 

DHA Phase 3 have a vision of changing the face of living concepts in Pakistan. The main facilities provided by DHA Phase 3 includes:

  • Safe & secure environment
  • 24/7 CCTV surveillance
  • Educational Institutes
  • Healthcare units
  • Banks
  • Shopping Arena
  • Commercial Sector
  • Hotels & Restaurants
  • Cinema

Features & amenities include 24/7 Security, Located along Main G.T Road, availability of amenities & services, Profitable investment, Great prospects for business growth.

DEVELOPER

The Defense Housing Authority (DHA ) is a neighborhood located within the vicinity of the twin cities of Islamabad & Rawalpindi locale. Ranging across the 5 provinces of Pakistan DHA has provided its residents a wide spread luxurious living in Pakistan. Originally established for military personnel in 1992 by the Pakistan Armed Forces Welfare Department primarily its success is much loved & is fast becoming Pakistan most loved & secure investment.

NOC

DHA or defense housing authority does not require NOC from the government, it itself is a governing & development authority hence it does not require NOC from any other development authority.

PRICE PLAN

PLEASE NOTE (Plots have been sold out & the current profit &/or own prices are not included and vary per market conditions). We have drafted an estimated trading of plot prices as below:

Block A
Size Price Range
5.33 Marla 70-75 lack
1 Kanal 1.50-1.80 Cr

Block B
Size Price Range
5 Marla 60-65 Lacks
8 Marla 70-75 lacks
10 Marla 95-1.05 Cr
1 Kanal 1.50-3 Cr

Commercial
Size Price Range
2.66 Marla 1.50 Cr
5 Marla 2.35 Cr
7.11 Marla 3.50-4.15
10 Marla Unannounced

Please Note Installment Options are no longer available in the market the only options available will be on a lum sum basis with profits being demanded based on market condition of the prevailing time.

DEVELOPMENT STATUS

DHA Phase 3 is fully developed. Several sectors are available for possession while life is going on at full swing in other sectors. Residential as well as commercial area has well-paved network of roads. In addition, famous educational institutes branches are operational here. All basic amenities including are widely available. Recently Zameen.com has also purchased over 100 plots for their upcoming project Zameen Homes in different sectors across DHA 3.

Why Invest in DHA PHASE 3

Continuing the legacy of its previous venture, DHA is determined to deliver this luxurious project. All the prime facilities of this modern project is keenly made in DHA phase 3. Furthermore, this area is already fully developed thus the overall return on investment for this venture is expected to be very high. For example in DHA Phase 2 which is a fully developed sector a 10 Marla plot cost starts from RS 11 million while in DHA phase 3 a 10 Marla plot is only its about RS 7.3 million. With infrastructure of about 95% completed & active developments on school, universities & more grand projects to come soon you are bound to get good returns on your investment. Keeping this in view they have designed it so tactfully that commercial markets are close to residential plots approximately in a 5 kilometer radius from all residential vicinity.

Also Read : Why invest in Pakistan Real Estate

BOOKING PROCEDURE

Plots are being offered on installments & full payment options are also available. Note these prices are on full cash only. Discount Offer is 5% on lump sum payment. Prices are Inclusive of 2% Advance Tax, Government Sales Tax is Rs. 100 per Square Yards, Membership Fee is Rs. 30,500/- Residential Plot & Rs. 55,500/- for Commercial Plot & Processing Fee is Rs. 5,000/- Residential Plot & Rs. 10,000/-  Commercial Plot. Category Plots cost 10% Extra. First come first serve basis.

Overseas Qualification is as follows:

Pakistanis having a Foreign Passport / NICOP, Resident Visa or valid Work Permit.

Mode of Payment Includes:

Payment shall be made by overseas applicants of DHA Phase 3 in Pakistani Rupees through Demand Draft / Pay Order in favor of “Defense Housing Authority Rawalpindi” Furthermore, members may be advised to mention their particulars including Name, Contact and Plot details on back side of Demand Draft / Pay Order.

Overseas Pakistanis having Pakistan Origin Card or NICOP are allowed to purchase a property above Rs.5 Million after provision of “Proceed Realization Certificate” (PRC) from respective bank. For issuance of PRC It is mandatory that payments be transferred to Pakistan within last (60) Sixty Days of date of transfer otherwise transfer cannot be executed. Overseas Pakistani will be considered as “Non Filers” and will deposit Adv Tax @ 4% unless they become Filers. The Plot can be transferred to nominee after deposit / clearance of all dues. It is also apprised that as per Government of Pakistan, Finance Act 2018, Non-Filers are barred from purchasing immovable property having worth Rs 5.0 Million or above.

AMMANAT EXPERT OPINION

Right so DHA 3 is a different story, one of the most underrated projects that is actually a goldmine undetected. Since 2016 DHA has bought over 3500 Kanals & has fully developed DHA 3. To top it off they are selling you possession able plots on easy installments with the cherry on top of “begin construction while paying installments on just 25% of the total plot payment”. A sweet deal if you ask me and one of the most underrated & overlooked projects currently in Rawalpindi.

DHA has been selling these plots for about 1.5 years and have managed to sell all their plots are only available on resale from the market. The Installments they come in are on easy 1,2 or 3 years & off course a 5% discount was initially awarded to those that paid lum sum for their plots. The prices mentioned above does not include the profit being demanded by the investors.

Please be vary however their are plots being sold as dha 3 but actually they are in Bahria, they are also very low on profit for the same reason. As of writing this article a 2 year installment plan of 5 marla plan In DHA 3 has a profit of approximately 9 lacks whilst the same in Bahria is around 2-3 lakhs attractive indeed a lot of people make the mistake of investing there. Keep in view until DHA officially announces those plots may or may not be merged in DHA, there is no such confirm news as such now.

Overall a great and very profitable project. Wide carpeted roads, water, electricity, gas available hard to see why people wont be interested in this project. Not to mention it is a project of DHA which is well known across Pakistan for its development & deliverance. Overall a 10/10 a well rounded and great overall investment or residential opportunity, flawless project.

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