In the light of recent discussions on DHA, especially ph 8, I would like to quote from my previous post: “The dilemma is that the laws governing these societies do not somehow properly safeguard the consumers’/customers’ rights & thus buyers are left on the mercy of property dealers. These property dealers, by & large, maintain different stance to the buyer as opposed to the seller of the same property. Absence of clear-cut announcements of balloting, possession, development charges, etc. ahead of the project from the societies give rise to rumor factories. Also the absence of periodic publications from these societies (which otherwise help the investor to understand what kind of people have invested in a particular society, how much land has been acquired, what is the estimate of development charges, etc.) creates confusion shaking investors’ trust. In this regard DHA Lahore is no exception.”
I insist if the investors are taken into confidence & are timely informed these day-to-day matters like, ….thinking to acquire other societies, …. foreign contractor ran away, …. balloting announced in Dec 2006 but…., ….will completely develop Ph 7 first, …. litigation area plots, etc. will not matter.
I would like to suggest CMY & all registered DHA agents to call upon DHA to have a two-way feedback system which not only enhance the investor confidence but also boost real estate business on fairly drawn lines which other good societies will definitely follow to come up to the expectations of the investors.
Keep
