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Is it worth purchasing a property in DHA?

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Monday, 07 December 2020 / Published in Featured, News, Tips & Advice, Trends

Is it worth purchasing a property in DHA?

DHA or Defense Housing Authority is known to be the poshest place in Pakistan. These housing schemes may be advanced, and there will always be something that tries to top DHA’s name, but the luxury that the Pakistani people hear when it comes to hearing DHA can never be topped. No matter how much any developer tries, this housing authority can not be topped.

About DHA

DHA has some of the most expensive plots in Pakistan, and they are always known to remain or double in the amount in a few coming years.

Relating to the housing authority in major cities, they have gone up to 8 phases, and every phase has properties that only increase in what the demand of the plot is. And with the high rise in buying power and the people wanting luxury and comfort, they are willing to pay the price for utmost luxury and eventually go as far as building a house with all their life savings.

But is it worth buying a house in DHA? Is it worth putting everything on the line and more to get a 250-yard house, which you may or may not have the money to build a whole on?

Well, to get in the good grace of the world, be sure you’re doing something which makes you happy; if buying a house in DHA makes you happy, and it does make you feel like you’re living a much better life, then so be it, you should opt to buy a property in DHA.

Advantages

Worth it

There are specific pros to buying a property in DHA; the commercial area is very expensive. Most people are known to rent it out when it comes to easy money on the side, even though such renting deals relies on the type of money the business rakes in.

If you’re considering buying a property to build a business and it requires a large space for operation, I would suggest you opt for something much cheaper. But if you’re trying to invest in property to sell a food business or something that directly involves the customer walking in, then buying a property and investing in it for such a place will always be worth it. DHA will always bring in a much posher crowd, and if you’re a restaurant owner, it will definitely bring in some foodies and maybe even make some loyal customers if you’re serving good food and giving them a good time.

Bring out peace

DHA adds to the ambiance a place wants to present. This community has very clean streets and always has been gifted with wide roads that never really cause many traffic jams, so you’re sure to get to your destination on time every time. The clean streets just bring out peace, and when there are no traffic jams, people tend to be much calmer, and you won’t have to be annoyed all the time because of the loud noises and car honks outside your door.

Long-term investment

Investing in DHA properties is a long-term investment, and you can always turn to properly for money at any given time, and you’ll undoubtedly gain a profit every time. They only increase in the amount which is initially invested, and if you’re renting your property out, you will always have the upper hand in demanding what you want for your property. There are restaurant owners and offices which need spaces and are willing to pay hefty sums of money, even for smaller areas.

Safe

When it comes to security, DHA does present itself as some of the safest places in the country. Armed guards protect them, and there aren’t many people who may feel the need to loot people on the streets for extra cash. If you can afford to live in a place like DHA, you’re probably someone who has a fair amount in your name.

Posh

DHA may seem like a distant place from the main city center, especially considering the higher phases, which go farther away from areas that may not be as equally posh. But since the community has excellent sized roads and they do not have a lot of traffic, it does lead to the residents having constant and quick access at all times. So there are high chances of you having a smooth ride to work and back with much ease.

Disadvantages

But certainly, everything which has its perks is bound to have its downfalls. No place in the country will be safe from things that are bound to happen. Often, since the community has wide roads, many people tend to over speed, and there can be a severe threat to the people around who would rather drive slow and don’t like over-speeding. This type of rash driving from outsiders can potentially cause accidents, and it’s a hassle to get your cat out of your house if you live on the main road or want to purchase a property on the main road.

A lot of money needed

If you’re considering buying a commercial plot, you will need a lot of money to invest in such ideas. You can not only buy a commercial property for a small amount of money. Especially if you’re considering purchasing a plot in places such as Phase 8 or Phase 6, you will need a considerable sum of money to invest; the property’s after-effects are also not cheap.

You will need to pay taxes for almost everything. There is no way you can live cheap in such a community. There are individual taxes that only the residents of Defense have to pay, and the rest of the city may not have to abide by these taxes and can slip free of such burdens very easily.

The city taxes the resident and property owners for security, which can not guarantee a safe environment.

Set rules

DHA has a set of specific rules that the resident is supposed to follow, and the community expects you to follow the rules set out at all times. There are rules which forbid you from doing certain things that may only involve your family, but to go ahead with such procedures, you will need to ask the community office, and if they disapprove of your plans, you will not be allowed to go through with them.

And certain things need permission from the head offices of the community, and there are specific ways in which certain procedures need to be followed, or strict action is taken against the resident or property owner.

Smells awful

There are some things which you just can’t run away from, and in places such as Karachi, where the sea is close to the community, you can in no way run away from the stench which fills the air. In the winter, it’s not only cold, but it smells awful. The sea naturally smells like fish, considering the pollution and the environment in which the ocean is present. When those smells are combined with the strong sea winds, they make a lethal combination where the air flows directly into your homes, and it is constant agony.

No water supply

Water is genuinely essential to any being, but it is a bizarre factor. Still, there are no proper ways of providing DHA residents with an appropriate supply of water. You will always be stuck with the water tanks, and they are not the best options if you live on a budget. This is strictly talking about the Defense Housing Authority, which is in Karachi. The rest of the Defense Housing Authority has a good source of water supply, but even in places such as Lahore, there aren’t many sites that have a constant supply of gas, and DHA is certainly no exception. There was also an instance where the street of DHA we’re flooded due to the gutter system’s mismanagement. Some houses were flooded, and some people had to go through the inconvenience of not being able to come out of their homes due to the massive flooding for collective days at a time.

And buying a property in DHA is certainly not easy either. Many documents need to be signed off and submitted to authorities to ensure your property transfer is done correctly and are no loose ends to tie.

You can certainly go for a high end living such as DHA. It may have its given disadvantages, but you can never think of a more posh and refined place in the living standard than DHA. People from all over the country try and get to a point in life where they can afford to live in the area. This all comes down to how much money you have to afford such a living.

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