Dha phase VIII
Encyclopedia
Defence Housing Authority Karachi announced its plan to develop ‘Phase VIII’ as far back as 1987. Phase VIII is made up of mainly reclaimed land and covers an area of over 4000 acres (16.2 km²), which is approximately 50% the size of the entire DHA Karachi. Phase VIII has been called the single largest development being undertaken in Pakistan - in terms of size & foreign investment.
It was only in 1994 that DHA began allotting plots to army officers and announced permission for construction in its first three belts. The first plots were sold for just below 600,000 Rs. in 1994.
All residential & commercial plots in DHA Phase VIII are now owned by the private sector. Permission for construction has only been granted for a portion of the phase.
As a result of the Pakistan property boom that began in 2001, property prices in Phase VIII have risen over 1000% since 1994.
Meinhardt of Singapore is developing the six-star residential project called Creek Marina
.
Emaar Pakistan (a subsidiary of Emaar UAE) has plans to launch the 100 acre (0.404686 km²) project called Crescent Bay
in July 2007.
DHA is currently in talks with several other foreign builders to bring in their expertise and develop the lucrative coastline.
Phase VIII is also home to some of Karachi’s finest educational institutions such as Bay View Academy
. It is the site of the Carlton Hotel, the affluent Marina Club and the soon to be built Raffles Club.
SBP (created by DG) is located in Phase VIII
It was only in 1994 that DHA began allotting plots to army officers and announced permission for construction in its first three belts. The first plots were sold for just below 600,000 Rs. in 1994.
All residential & commercial plots in DHA Phase VIII are now owned by the private sector. Permission for construction has only been granted for a portion of the phase.
As a result of the Pakistan property boom that began in 2001, property prices in Phase VIII have risen over 1000% since 1994.
Notable Developments
Sysmax - a Malaysian firm has developed the DA Golf Club in DHA Phase VIII.Meinhardt of Singapore is developing the six-star residential project called Creek Marina
Karachi Creek Marina
Creek Marina, located in Phase VIII of DHA Karachi, will be completed in year 2009. It will be the first 6-star residential development in Pakistan, offering the best in luxury living. Creek Marina residences offer uncompromising luxury & unobstructed ocean & golf-course views...
.
Emaar Pakistan (a subsidiary of Emaar UAE) has plans to launch the 100 acre (0.404686 km²) project called Crescent Bay
Crescent Bay, Karachi
Crescent Bay is a development featuring high and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel in Karachi, Pakistan. Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar properties...
in July 2007.
DHA is currently in talks with several other foreign builders to bring in their expertise and develop the lucrative coastline.
Phase VIII is also home to some of Karachi’s finest educational institutions such as Bay View Academy
Bay View Academy
Bay View Academy is a highly selective, private, co-educational, independent school, located in Karachi, Pakistan...
. It is the site of the Carlton Hotel, the affluent Marina Club and the soon to be built Raffles Club.
SBP (created by DG) is located in Phase VIII
See also
- Defence Housing AuthorityDefence Housing Authority, KarachiThe Defence Housing Authority, Karachi, also known as the Pakistan Defence Officers Housing Authority, Karachi, or DHA, Karachi, is the foremost development in Pakistan with many exclusive projects to its credit.-History and administration:...
- Defence Housing Society