Desi replied on Monday, November 17, 2008 08:14 PM
Dear ZB, From my understanding the completion date agreed between CDA and contractor is April 2009. I have also heard July 2009 at the latest for us to get the possesion. CDA has setup a committee to provide a weekly status report. During my this trip to Pakistan I was ready to sell my plot in D-12 and buy something BT or DHA, but after seeing the progress I am willing to wait for possibly the best sector in the capital. With sewege in place for most of the sector, and electric, and gas work in progress I am hopeful that the roads will be finalized early next year. Hopefully that is it for us to start construction. I have also heard news that CDA/Govt is considering postponing new sector work untill the existing sectors such as D-12 are completed first. If my assumptions are right I won't be surprised that the plot proces will double in D12 as soon as we get the possesion especially since realestate in Dubai, USA, and other places (including rest of the Pakistan) are taking a big hit. But please use your own judgement when investing. I am not suggestion anyone to invest in D-12. Desi |