Dha City Lahore is pure an army Housing Project also Mentioned on Dha Lahore official Website with Dha EmE Chapter and It’s transfer office in Dha Main office Complex on 3rd floor. DHA City Lahore has become a bone of contention between investors and the Defence Housing Authority (DHA). Despite it being launched years ago, the project still shows no traces of development. Moreover, development work is unlikely to start any time soon.
Today, there’s a rather important update to share. The National Accountability Bureau (NAB) has arrested Globaco (Pvt) Ltd Chief Executive Officer Hammad Arshad on charges of corruption, per a news source. Arshad had signed an agreement with DHA in November 2009 to develop DHA City on 25,000 kanals of land. Globaco (Pvt) Ltd was supposed to acquire the land, but failed to do so, leaving investors clueless about DHA City’s status. Reportedly, the company could only purchase 13,103 kanals in scattered patches.
NAB has alleged that Hammad issued allotment letters to the public and collected a total of PKR 15.47 billion. All this money was transferred to his personal accounts.
The news source reported further that DHA had registered a formal complaint with NAB and there are over 11,715 registered victims of DHA City. NAB is also concerned about the alleged involvement of Elysium Holdings Pakistan Limited and other companies in the land scam.
Arshad will be produced before the accountability court later today. A NAB official told reporters that the bureau will look into the role of other beneficiaries and get to them after completing its investigation.
Rumours about DHA City
Many rumours are circulating in the market about DHA City. One goes that DHA will acquire Park View Villas to make way for DHA City, while another states that a road will be built from Multan Road alongside M2-Motorway to provide access to the project.
Prices of Dha city Lahore
The project features plot files of 5 marlas, 10 marlas, and 1 kanal. Booking prices of these plot file DHA City.