DHA Lahore Phase 7 Overseas Enclave – An Excellent Option – 3 Years Installment Plan

Once again DHA Lahore comes with an excellent investment opportunity for the overseas Pakistanis living abroad. For this purpose, the Defence Housing Authority choose DHA Phase 7 Lahore. DHA Lahore always appears the first choice for resident and investment purpose for national and overseas Pakistanis. They introduced overseas enclave block, an excellent opportunity for overseas Pakistanis.

DHA Lahore is the most luxurious and prestigious place in Lahore City. DHA phase 7 is one of the finest phases of DHA Lahore. Some amazing project in DHA Phase 7 is Lahore School of Economics, Kindly & Liver Institute, Golf Course, Country Club and 5 Star Hotel. Beautifully located at the prime location between Barki road and BRB canal road. The location of DHA phase 7 is very similar to phase 6 and 8. The DHA Main office and Lahore International Airport are also easily accessible. DHA Phase 7 has slightly best option for low budget end-user, who are looking for possession plot at an optimal location and affordable price.

Overseas Enclave Block – DHA Phase 7

DHA Lahore launched overseas enclave block in Phase 7, where residential and commercial offered on the easy installment plan of 3 years. This block is spread over 692 acres of land, which consists of 1 Kanal residential and  4 Marla, 8 Marla commercial plots. The location of overseas enclave block is opposite to T Block lower portion. Applications forms can be submitted from 25th Oct till 25th Nov 2020. The open ballot will take place on 15th December 2020. The plot application forms details are available on DHA official Website from 25th October 2020.

Residential Plots in Overseas Enclave Block

They are offering just 1 Kanal residential plot in Enclave Block only for overseas Pakistanis. Total of 100 residential plots is available for sale with an easy installment plan of 3 years.

Commercial Plots in Overseas Enclave Block

Moreover, the commercial plots sizes of 4 Marla and 8 Marla will also be available for sale in Enclave Block only for overseas Pakistanis. Total of 24 commercial plots is available for sale with an easy installment plan of 3 years.

 OVERSEAS ENCLAVE  BLOCK – TERMS & CONDITIONS

1. Overseas Enclave 100 residential and 24 commercial plot in Phase VII (near Defense Raya Golf & Country Club) are allocated by balloting. This plot is developed exclusively to oversee Pakistani.
2. The total size and price of the plot (including development charges are as follows:
   1. 1 Kanal residential                                              Rs. 22,500,000/-
   2. 4 Marla commercial                                           Rs. 42,500,000/-
   3. 8 Marla commercial                                           Rs. 72,500,000/-
3. Applicants pay an extra 10% charges for corner plots above a schedule price.
4. Eligibility:   Overseas Pakistanis with NICOP / POC holders having “Roshan Digital Accounts” (RDAs) shall be eligible to participate. NICOP holders residing in Pakistan can also apply.
5. All applicants upload one passport photo, a copy of the NICOP/POC card and proof of payment of the processing fee.
6. Successful applicants will be required to fulfil requirements of registration with DHA Lahore for each allotted plot.
7. An applicant can apply for any number of plots subject to payment of processing fee for each plot separately.
8. The last date for submitting applications is 25 November 2020.
9. balloting will take place on 15 December 2020,  and successful applicants details will be displayed on the DHA Lahore website
10. A ballot carried out will show results for successful and reserve allottees for each category. In case first allottee defaults in payment, the second allottee shall be given a chance for allotment.
11. Payment Instructions For Ballot:
    1. Here is the amount you must pay for each application as a Processing Fee.
       1. 1 Kanal residential                                                   Rs.30,000/-
       2. 4 Marla commercial                                                 Rs.30,000/-
       3. 8 Marla commercial                                                 Rs.40,000/-
    2. . Overseas Pakistanis can only make online payments through “RDA” according to the plans announced by the National Bank of Pakistan.
    3. Payment will be made in favour of “DHA Lahore Ballot”.
       1. RDA account holders of the following banks will make payments using websites / mobile apps of relevant bank:
          1. Faysal Bank Ltd
          2. Habib Bank Ltd
          3. MCB Bank Ltd
          4. Meezan Bank Ltd
       2. RDA account holders of other banks will use the following bank for online payment (cash payment on a bank deposit slip is not acceptable)
          1. Askari Bank Ltd
          2. Account no: PK56ASCM0000270420000838   Account Title:  DHA Lahore Ballot Branch Address: Z Block, Phase-III, DHA Lahore
          3. The applicant will upload a screenshot of payment confirmation receipt / electronic message on DHA’s website.
12. Allotment Criteria:
    1. The allotment of plot to successful applicants will be subject to payment of 15% of the total price to be paid within 30 days of ballot result announced on DHA Website failing which allotment shall be treated as cancelled.
    2. In such a case, reserve allottee shall be informed to pay 15% amount within the next 30 days.
13. Payment Options:
    1. 03 Months Payment Plan
       1. Amount of plot (excluding already paid price) will be payable within 3 x months from date of intimation letter.
    2. 3 Years Payment Plan
       1. Amount of plot will be payable in 12 x quarterly installments (excluding already paid price) as per schedule issued.
       2. In case of delay in payment, surcharge @ Kibor + 5% per annum will be charged on overdue amount for the period in default.
       3. If an allottee fails to pay 3 consecutive installments within the given timelines, allotment shall be liable for cancellation.
14. Payment Method: Overseas Pakistanis can make online payments in favour of “DHA Lahore” using “RDAs” as per scheme announced by State Bank of Pakistan. Bank details are available on the DHA Lahore website.
15. Discount: will be offered on lump-sum payment (excluding down payment) by successful applicants as follows
    1. Full payment (within 90 x days of the ballot)                                    7%
    2. On lump sum payment of 10 – 11 Installments                                7%
    3. On lump sum payment of 8 – 9 Installments                                    5%
16. General:
    1. Resale will be allowed on payment of the complete price as per DHA Lahore By-Laws.
    2. The applicant shall comply with all relevant by-laws and regulations of allotment, possession, construction, transfer of immovable property in DHA.
    3. Acceptance of applications is subject to approval by DHA Lahore. The Authority may accept or reject any application without assigning any reason for all categories.
    4. Application forms having incorrect information, without payment of the specified amount or deposit slip not uploaded on DHA’s website will be rejected.
    5. Allotment Letter will be issued after receipt of the total amount of plot.
    6. In case of cancellation, the amount will be refunded after deduction @ 10% of the paid amount.
    7. Possession of plot shall be handed over within 2 years.
    8. Plot number will be allotted at the time of ballot.
    9. Any change in size will be dealt at the time of possession as per DHA’s Bye-Laws.