Dear Friends,
I came to know that NOW in bahria Lahore, if any plot is taken possession and is not constructed within a certain time, heavy monthly penalties are to be paid. Is it true and if yes, what is the time span 3 yrs or only few months?
I'll be grateful if I can get clarification
Regards
CMY replied on Friday, June 12, 2015 10:01 AM PST
There will be a non construction penalty in DHA 6 and DHA7 possession plots too for all those persons holding plots in there for investment purpose only and not building a house today on those plots there.
Choudry Mujahid Yasin |
Tahir Mahmood replied on Friday, June 12, 2015 11:20 AM PST
Dear Choudry Mujahid Yasin
If a person buy plot and construct home after the grace period given by DHA.For example somebody purchased plot in 2008 in Phase-6 and now in 2015 he is going to construct it.Did he also pay the non construction penalty? |
CMY replied on Friday, June 12, 2015 11:35 AM PST
After the grace period every single plot holder that have not bult a house will have to pay penalty that was increased by DHA in past few years olf phases and may have increased it even more once again. Dealers normally dont give you this info but a seller holder or buyer must know and keep this factor in mind too.
I have seen few smart people ask me 1st question when they visit my office to buy a possession plot. They ask what will be non construction penalty if I hold a plot and not construct a house on plot.
In many other than DHA projects its extremely high amounts. But one must be aware of this fact in DHA you have to pay it too. A seller must pay this fine amount from agreed selling price. Many deals do get messed up at time of transfer when sellers ask buyers to pay them as it come as shock to them that they have to deducted that large amount from payment and dealer failed to let him know till last day and buyers do rightly say what I got to do with it clear your own dues to date.
Choudry Mujahid Yasin ( CMY ) |
Ta replied on Friday, June 12, 2015 11:42 AM PST
Dear Choudry Mujahid Yasin
Which I understand that if I purchased plot in 2008 in Phase-6 and now in 2015 I am going to construct it, I have to pay the non construction penalty .
Thanks in advance |
CMY replied on Friday, June 12, 2015 11:50 AM PST
I have to pay the non construction penalty .
Answer is yes |
malik replied on Friday, June 12, 2015 01:24 PM PST
How much is the penalty? |
Salman-Jed replied on Friday, June 12, 2015 03:34 PM PST
Mujahid Bhai, How much is the penalty in Ph-7? |