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Lahore Rea lEstate ,

(104159)
Wednesday, July 20, 2016 08:42 AM 

Dear friends an important note to save a lot of money. Even if you have not received your Dha Lahore 9 Prism or DHA Phase 8 Ivy Green plots development charges intimation letters still you must pay due installments to avoid fine and interest on fine that is huge 20% calculated daily bases on each missed installment for each day you missed it.

Approximate per day fine for each missed installment is
01 Kanal = Rs 91
10 Marla= Rs 61
05 Marla= Rs.41
04 Marla Commercial= Rs 91
08 Marla Commercial= Rs 174

If can afford pay installments and donate possible files amount for good cause instead of giving to DHA. BTW DHA never ever waive off any fines. Must send separate pay order for each plot to DHA.

Never pay more than due installments as higher paid plots very hard to sell in market. Never pay full amount in advance or forget about selling it untill all nearby plots locations are full paid too. No discount to pay in lump sum to sellers but only buyer lose a chance to pay remaining due amounts in installments so he will only look for due paid plots instead of full paid.

*BTW market is very slow because taxes issue may take a while to get solved. Law have to be passed in parliament to reduce reverse or correct it and also announce amnesty scheme on property sale purchase money in past and for future couple of years*

Let the corrupt people sell their DC rates purchased land for CPEC projects or routes at new 10 times higher market rates to Govt first to mint easy billions more dollars and than let these poor guys once again take those easily minted billions of dollars to outside Pakistan by making them halal and trouble free through in near future amnesty scheme on transactions ( You will be told it is a big favor for you to recover the recent loses) . All this is going to take a lot of time so best thing for you to do is to play Pokémon Go for now with your kids or take your kids out side so they can catch a few birds




Your friend
Choudry Mujahid Yasin ( CMY )
+

Ashfaq® replied on Wednesday, July 20, 2016 09:51 AM 

Brothers, just to let you know the fine on late payment comes under category of "Interest" according to Shariah rulings. Please do not delay payment of development charges even for one day. Anyways, everyone has his own choice and views. I am not forcing anyone.

Babar® replied on Wednesday, July 20, 2016 11:32 AM 

I have a question, if someone is not paying the installments of his 1-kanal plot for complete 3 years, what will be the total amount of delay penalty / surcharge ?

User_19995® replied on Wednesday, July 20, 2016 11:56 AM 

365*3*91=99645 PKR

SIM replied on Wednesday, July 20, 2016 01:25 PM 

So no more real estate business in near future

User_18559® replied on Wednesday, July 20, 2016 01:50 PM 

@ Ashraf,

Total Delay penalty for all installments will be = Rs. 655,200
Development charges after 3 years will be 1,950,000 + 655,200 = Rs. 2,605,200.

User_18559® replied on Wednesday, July 20, 2016 01:51 PM 

Sorry above message was in reply of Babar.

MIT® replied on Wednesday, July 20, 2016 04:01 PM 

@Ashfaq..What if, one is unable to pay the charges due on time for any reason(s)? Instead of giving your 'fatwa' leave it to the people to decide themselves because each and every sour is responsible for his own deeds. You and myself shall go to our own graves separately.

Ashfaq® replied on Wednesday, July 20, 2016 05:16 PM 

@ MIT. Please not I am not a scholar and I didn't give a fatwa. I just shared one ruling and clearly mentioned *everyone has his own choice and views. I am not forcing anyone*. If you don't like it just ignore it. I hope message is clear now.

Rana786® replied on Wednesday, July 20, 2016 11:20 PM 

Bahio,

I right calculation is as follows.

1st installment pay nahi ki so 91*365 = 33215 for 1 year.
2nd installment pay nahi ki so 91*(365-120) = 22,295 for 1st year.
3rd installment pay nahi ki so 91*(365-240) = 11,375 for 1st year.
4th installment pay nahi ki so 91*(365-360) = 455 for 1st year

2nd year will be the same but you add previous year.

Farhan_29® replied on Thursday, July 21, 2016 06:49 AM 

Rana sb second year mai first year ka compound interest bhi pare ga plus the second year fine
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