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DHA Takes Over Bahria Garden City in DHA Phase 3 Islamabad

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Kami2k
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DHA Takes Over Bahria Garden City in DHA Phase 3 Islamabad

Postby Kami2k » Mon May 02, 2016 2:15 pm

DHA Phase 3 Islamabad has been officially inaugurated by the president of DHA Islamabad – Rawalpindi on Thursday, 10th March 2016. The project was considered to be the cheapest and long term investment option in DHA Islamabad, however DHA revised its plan after taking over the garden city project of bahria town.

This event came as a surprise as the master plan which was given out by DHA for its phase 3 included Bahria Garden City (Serene City), older blocks of DHA Phase 3 and surrounding areas. The image below shows the inauguration notice and a revised master plan.

DHA Phase 3 Inauguration

After this news broke out in the market, people started purchasing residential and commercial plots especially in Garden City as well as in older blocks of DHA Phase 3. Since garden city zone 5 to 9 is already quite developed, immense purchasing activity has started silently by smart investors.

The news of DHA taking over bahria garden city came last year when an MOU was signed between the two giants but later no progress was seen. There were news that DHA had cancelled this agreement & garden city was no longer being merged into DHA. However it came as a surprise to most of the property investors when DHA officially inaugurated its DHA Phase 3 and released its masterplan which included zone 5 to 9 of Garden City.

DHA Phase 3 Islamabad New

Property prices in both Bahria Garden City as well as in DHA Phase 3 had been very low for past couple of years, however prices have started going up due to sudden increase in sale purchase activity here,so it is expected that prices will improve further within a couple of days. This is also high time for short term investors to grab some plots here, especially in Garden City as this is the best part of DHA phase 3. Those who had been holding their plots in dha phase 3 or in garden city should now hold their plots to get maximum return within short time.

There are speculations in the market that prices will grow up to a certain limit, then it will be just like any other investment option available in that area with slow and steady rise since volume of investment has been very low over the past couple of months especially in bahria town which has stagnated the property market.

DHA Phase 3 Isb

Development plan of DHA Phase 3 is not available right now, however more announcements & plot launches may be expected in near future especially in the newly merged land in the masterplan surrounding old blocks of DHA phase 3.

For those who have no idea of the location of DHA Phase 3, it is located just opposite to DHA Phase 2 on GT Road. It was earlier called New Pindi Housing Scheme but the name changed to DHA Phase 3 when DHA purchased this society. It is located right next to Bahria Garden City Islamabad which is now taken over by DHA and all the area has been included in a bigger DHA Phase 3.

If you need more details on this development or you want any assistance in sale/purchase of property in DHA Phase 3 including developed plots of Bahria Garden City, use contact us page or leave your inquiries in comments section below.



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