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All You Need To Know About Balloting in DHA Bahawalpur on 16th November

All You Need To Know About Balloting in DHA Bahawalpur on 16th November

About Balloting in DHA Bahawalpur

Finally, the most awaiting balloting for DHA Bahawalpur is going to be held in a couple of days. Yes, it will be held on November 16, 2019, and it will be the fifth in a series of ballots held earlier.

Today, in this blog, we will update you on the latest developments of the project, its payment schedule, and other terms and conditions as well. A lot more is coming up, so keep reading this latest blog about the upcoming balloting in DHA Bahawalpur.

DHA Bahawalpur-Latest Updates

DHA Bahawalpur is another mega housing venture by the Defence Housing Authority (DHA). Its Phase 1 is spanning on an area of 3000 acres and comprised Block A to Block N.

According to the latest details, the development work in DHA Bahawalpur is moving at a satisfactory pace. Roads have been carpeted in some sectors. Moreover, sewerage lines are being laid. Indeed, the construction work of a “food park” is also completed. Work on a theme park completion is also done.

Prices & Payment Plan Schedule of Residential Plots (For Successful Applicants)

Here we are going to share the latest prices and payment plan schedule of the residential plots for the successful applicants. People who will turn out to be successful during the balloting process will have to pay the down payment within the first 30 days of the balloting. However, the remaining amount will be distributed in 12 equal quarterly installments.

Plot Size Total Price Down Payment 12 Equal Quarterly Installments (3 years) Final Payment
5 Marla 16,00,000/- 100,000/- 125,000/- 1.6 million
8 Marla 25,00,000/- 150,000/- 195,900/- 2.5 million
2 Kanal 1,00,00,000/- 500,000/- 791,700/- 10 million
4 Kanal (farmhouse) 2,00,00,000/- 1,000,000/- 1,583,400/- 20 million
8 Kanal (farmhouse) 3,75,00,000/- 1,500,000/- 3,000,000/- 37.5 Million

Prices & Payment Plan Schedule of Commercial Plots (For Successful Applicants)

Similarly, here the payment plan is given for the commercial plots in DHA Bahawalpur that the successful applicant has to follow.

Plot Size Total Price Down Payment 12 Equal Quarterly Installments (3 years) Final Payment
4 Marla 1,75,00,000/- 750,000/- 1,395,900/- 17.5 Million
8 Marla 3,50,00,000/- 1,000,000/- 2,833,400/- 35 Million

Balloting in DHA Bahawalpur – Terms and Conditions

People who had sent applied and send their applications in the balloting will also have to take a look at its terms and conditions. After being successful, the applicants will have to make the payments as the details are shared above.

Further details/the legal consequences, if you fail to make the payment on time and its effects on the allotment of plots, all are mentioned below:

Plots and farmhouses that are offered in DHA Bahawalpur will be based on ownership. The allotment of both these properties shall be done through balloting.

There are equal quarterly installments that you must to be paid by the 5th of each month with the help of pay order.

It is really important to make the payment on time. In case, you fail to do so, your allotment of the plot will be canceled. The amount you have already deposited will be refunded only after the project is completed. However, 20% of the total cost will be deducted by the society from the refundable amount.

Expenses/Taxes/Charges – All Details 

  • Remember that the price of the property does not include registration and ground rent. Moreover, some other expenses like lease execution, electric, water, and meter charges are also not included.
  • You will have to pay all kinds of taxes, and related charges, levied by federal and/or provincial bodies as well as municipal bodies.
  • If the authorities introduce any new charges, you are also restricted to pay those as well.
  • There are 10% additional charges for the corner plots that you must to be paid with the final installment.
  • DHA also reserves the right to relocate the plots or alter the allotment of plots Moreover; they have the authority to impose any new development charges.
  • Formally, allotment letters will be issued when the payment of development and other miscellaneous charges are paid by the allottee.

Check out our site for more detail. Latest News

For further details, any queries, please contact Universal Property Network.

 

 

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