DHA IVY Green, part of DHA Phase 8, is emerging as a premier choice for property buyers in Lahore. Despite the recent budget changes in June 2024, IVY Green offers attractive opportunities for both investors and homebuyers. This detailed article will discuss the latest updates, tax implications, and current rates for various plot sizes in DHA IVY Green, focusing on its blocks: Z1, Z2, Z3, Z4, Z5, and Z6.
Location and Accessibility
DHA IVY Green is strategically located 2.7 km inward from Barki Road, opposite the DHA Phase 8 S Block. It is a 10-minute drive from the Lahore Ring Road Barki Interchange and the DHA Phase 6 Head Office. This prime location ensures easy access to major parts of Lahore, adding to its investment appeal.
Current Rates and Plot Availability
Block Z1
Block Z1 offers 5, 10 Marla, and 1 Kanal residential plots. Prices in this block are as follows:
- 1 Kanal: PKR 180-225 lakhs
- 10 Marla: PKR 105-165 lakhs
- 5 Marla: PKR 74-80 lakhs
This block has all essential facilities, including commercial areas, parks, mosques, and schools. The development work is nearly complete, with possession expected soon.
Block Z2
Block Z2 consists of 1 and 2 Kanal residential plots. The price ranges are:
- 2 Kanal: PKR 380-430 lakhs
- 1 Kanal: PKR 175-220 lakhs
This block is fully equipped with amenities like commercial areas, parks, mosques, and schools. The development work is almost finished, making it an ideal choice for future prospects and building homes.
Block Z3
Block Z3 offers 5, 10 Marla, and 1 Kanal residential plots. The prices are:
- 1 Kanal: PKR 195-215 lakhs
- 10 Marla: PKR 85-138 lakhs
- 5 Marla: PKR 50-60 lakhs
This block is an excellent investment opportunity, especially for 1 Kanal plots, which are in limited supply. Facilities include commercial markets, lush green parks, and schools.
Block Z4
Block Z4 offers 5, 8, 10 Marla, and 1 Kanal residential plots. The prices are:
- 1 Kanal: PKR 195-215 lakhs
- 10 Marla: PKR 105-140 lakhs
- 8 Marla: PKR 85-105 lakhs
- 5 Marla: PKR 55-72 lakhs
This block is considered premium, especially for 5 and 10 Marla plots. It features a mega theme park and other essential amenities.
Block Z5
Block Z5 consists of 5, 7, and 10 Marla residential plots. The prices depend on the location within the block:
- 10 Marla: PKR 102-132 lakhs
- 7 Marla: PKR 85-105 lakhs
- 5 Marla: PKR 50-68 lakhs
This block is a good option for those with a lower budget, offering affordable plots with all the necessary facilities.
Block Z6
Block Z6 is one of the best blocks by location, offering 5, 7, 10 Marla, and 1 Kanal residential plots. The prices are:
- 1 Kanal: PKR 195-250 lakhs
- 10 Marla: PKR 120-160 lakhs
- 7 Marla: PKR 100-118 lakhs
- 5 Marla: PKR 75-85 lakhs
This block is highly recommended for future investment prospects. Development work is nearly complete, making it an excellent choice for buyers.
Commercial Plots
DHA IVY Green also offers commercial plots at competitive prices. The rates are:
- 8 Marla (Block Z1): PKR 500-600 lakhs
- 4 Marla (Block Z2): PKR 220-300 lakhs
- 4 Marla (Block Z6): PKR 198-250 lakhs
- 8 Marla (Block Z6): PKR 500-600 lakhs
These plots are ideal for those looking to generate rental income or start a business in a prime location.
Tax Implications Post-Budget 2024
One of the key concerns for investors post-budget is the impact of new tax regulations. Fortunately, DHA IVY Green remains largely unaffected by these changes. The recent tax increases primarily target properties valued above PKR 5 crores, meaning most IVY Green plots fall below this threshold. Therefore, buyers and investors can proceed without worrying about additional tax burdens.
Conclusion
DHA IVY Green remains a top choice for budget-conscious buyers looking for quality plots in Lahore. With competitive rates, excellent amenities, and minimal tax implications, it’s a prime location for both investment and residential purposes. We highly recommend visiting DHA IVY Green to witness the development firsthand and make an informed decision.