DHA Karachi is the best and one of the elite living areas in Karachi, but the reality about land ownership is completely astonishing and will give people a heart attack if they find out that their property in DHA Karachi is not their freehold ownership and will not go to their next generations as like intekal/registry properties.
DHA Karachi is NOT FREEHOLD property. It is a 99-year lease. You have the right to live in that property for 99 years, and later on, you have to leave that house or have to request DHA administration to renew it with a fee or the current market price at that time to get its lease renewed again.
People are blindly following the herd mentality to buy property for investment and living too. but the real inner insight is not available to them. Even DHA Karachi does not put this thing on an advertisement banner or poster when they advertise for bookings: that the property they are booking or allotting is freehold or leasehold.
In FREEHOLD, you are the true owner and have the right to the property for generations without any fee, conditions, or rent. You just have to pay property tax for it.
In LeaseHold, you are like a long-term tenant and have the right to live on that property for 99 years, and then you have to leave it after the completion of that time. The land belongs to the provider or the company that is offering that lease term.
The most interesting fact for you people is that even the most luxurious apartment and one of the most expensive apartments in Seaview DHA are also on lease. you are not the owner. just a 99-year lease term agreement. So, leasehold properties can never be equal to FREEHOLD where you are the true owner.
Please understand what you are buying with your money. Every property is not the same. First, check the real rights and true worth of the property, and then buy it.
XMARLA is educating Pakistanis on real estate and spreading awareness about the property market. As we are not developers, agents, or dealers, we have no interest or bias. Till now, the Property Mafia was brainwashing the people, but now we are spreading awareness. You can help us promote XMARLA as a brand. Thanks.
