KSA Banker® replied on Saturday, September 3, 2016 06:46 PM
Dear and Respected CMY, please excuse my ignorance but I have following few very simple questions which I would love to get your response to for my better understanding: (i) What exactly the rates as mentioned above mean? are these rates at which prism plots have been bought and sold over the last 20 days (meaning rates defined by market) or these are your estimates of the fair value at which plots should be traded today? (ii) how many prime location one kanal plots were bought or sold through LRE at 145 lacs per kanal in blocks A, C, D, P, Q during 30 days leading upto to 6th August 2016 (the date of previous rates update)? (iii) how may prime location one kanal plots have been bought or sold through LRE at 130 lacs per kanal in blocks A, C, D, P, Q during 28 days leading upto to 03rd September 2016 (the date of latest rates update)? By the way, the tone of your message seems to be advising potential investors to jump in as you mention that "rates have come down by many lacs". I did some quick calculations. If we take the average of the range of rates provided by your for each block and then take the average of those averages for each block, the average decline between 06 August and 03 september is only 6 lacs (for kanal plots). If I remember correctly, you pointed out in your last audio message that rates in prism may come down by 10 to 15 lacs (which I suppose you may be referring broadly to average rates). So it seems that Prism prices may come down quite a bit more to be rational enough to lure genuine white hard earned money investors. Again, although i have been silently following this forum for long time, I rarely write here and dont intend any offence to any one. I hope answer to my above questions (if provided by respected CMY) would help many readers of this forum who prefer rationality over hollow claims or wishful, self deceiving portraying of any situation |