Salam All,
I want to sell my house in Eden Value Homes. It is situated 2 KM from thokar on Main Multan Road.
Size: 6.82 marla corner block C
Booking Price : 39,98377
Total Amount Paid: 3,79846 X 5 = 18,99230
Remaining 5 Installments
Next Installment due on : 8 Jan 2009.
Demand : 25 Lac
Development Charges payable at the end: Rs. 95,000
Cost of making bed room spacious payable : Rs. 89,100 ( will be paid by the buyer)
Transfer fee = 45,000 Approx
best wishes,
Asim
Habib replied on Wednesday, November 19, 2008 11:39 AM
Dear sir You are expecting too high price for your investment, You want to sell this house in 46 Lac. In this price one can get good new house in johar Town, among all the metro facilities, God knows when they will complete that project only Model houses are ready and and rest of the project is on snail track, i have seen the site. Intead of 6 lac Lac Premium rather 6 lac loss looks more justified, i dont want to dishaeart you, But my brother bought 5 merla house in Johar town just in 34 Lac it is in D Block only 2 years old and very good Condition. Much superior Loation than Eden Value homes The worth of this house should be about 34,35 Lac If ready taking into accout distance and surrounding area |
Soch replied on Wednesday, November 19, 2008 11:50 AM
Habib, he can refund his money after 5% deduction from Eden which is more beneficial as per your calculations and prediction. which shows totally loss to Mr. Asim.
I too visited recently the site. Around two hundred workers are making houses in A Block. Nothing wrong with this project. If its not a good investment then will be a better living place. |
Asim replied on Wednesday, November 19, 2008 01:59 PM
Brother Habib life is too short to always think about your own benefits. I have been to the site in August and I know the pace of the progress. And about the distance and its surroundings; I can only say, someone can judge its from it location 2 KM from thokar, less than 1 kM from motorway interchange and in vicinity of Metro shopping mall, all new and big housing schemes, on the main Multan road ….
I am not disheartened but I request you to honest while making the comments. Congratulation to your brother for getting such a nice deal, may the new house bring comfort and peace in his life.
Brother Soch, thanks for your kind thoughts n remarks. |
investment required replied on Wednesday, November 19, 2008 02:42 PM
hi we are looking investors for our projects we required 10lac investment and we will give you 50thousond profit after every 3months for details call now |
just curious replied on Wednesday, November 19, 2008 05:44 PM
100 x (50,000 x 4)/10,00,000 = 20% annual return
even if my relatives told me something like this I would not trust them ..... how can you promise such a high return to ppl? On the bright side you're not as ridiculous as "double shah" .... |
just curious replied on Wednesday, November 19, 2008 05:46 PM
the above was for investment required ... not for Asim Sahab. |
Jameel replied on Wednesday, November 19, 2008 08:27 PM
Dear Asim, resale price in old booking rate was almost no profit no loss few month ago, But I think you are being biased by current Booking rates, Dont Judge resale price by current Booking rate of developer, I give you some examples
In valancia homes developer is selling in 46 lac and resale Market is 36 lac for 5 M House
In Central Park Developer rate is 1 Lac per Merla and resale rate is about 75000.
If you directly goto DHA for buying ready plot they ask 1.5 Times the rate of open market.
Developers mostly have higher rate than resale market, Regarding Eden they might be cancelling old rate booking on 5% Loss but I am not sure about higher [latest] rates bookings. |
Asim replied on Thursday, November 20, 2008 02:05 AM
Jameel,
Good point, if possible can you please tell me or anybody else if someone has sold a house in loss in this scheme. I bet you no one :) |
Ahsan Gill replied on Thursday, November 20, 2008 06:07 AM
Eden housing / Eden Developers / Eden Builders all are different name of one scam company. They get huge money from clients by showing model homes and promising the possessions but they are group of cheaters. They collect money and opens new projects. They don't care for their previous clients who paid their full amounts and getting nothing.
Eden Palace Villas is example of their past deceiving. All people who paid for EPV are suffering from a continuous pain and long long delay (). There are many plots that are still empty plots. Incomplete houses are incomplete from last many years. In some incomplete houses, trees has been grown up in rooms, it means they left houses while building for many years.
Don't believe me, go at site, 3.5 km from thokar niaz baig toward raiwind road, and see what is going on there. There are a little number of people working, that means, they will take more than 5 years more to complete the community.
They are collecting money from , Eden Garden and now one more eden dream houses etc, forgets the incomplete projects and announces new projects. This is height of greediness. Top authorities have been build a strong shell around them that no client can meet or even see any authority. Marketing is just doing everything to cheat people to invest in their projects. |
new observer replied on Thursday, November 20, 2008 12:04 PM
just a tip for all buyers...
think before paying such a high price for eden houses on thokar, everything is in recession, stock market is closed (the day it will open it will go 30-40% down), pkr has lost 22 % of its worth (people now are saying that it will go up again as we are getting IMF loan , these are the same people who created artifical hype after feb elections saying that now democratic government is set so the prices went up 5-20 lacs in matter of days)
If you foresee that economic condition will go better, if you foresee pkr will not lose its worth, if you see there will be political stability then you should buy otherwise u should not buy
still if you wana buy then buy at your own price not the seller price as its ur hard earned money... as market is not moving (will remain stangnat in the future) this plot cant be more than 20 lac ...
buyers stay away from market or beaware of cunning sellers.. |
