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DHA Valley Overseas Block - Concern for Downpayment,

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   Amjad Ali
Saturday, June 27, 2009 08:47 AM 
Reply: >
Dear CMY (or any other willing-to-advise brother)

Would you kindly advise on the matter below;

It was an unlucky day when I invested in DHA Valley overseas block for a 8M plot. I paid only downpayment and processing fee (850+250).

Being advised and having realised, I wanted to cancel the plot. I made numerous communications with DHA on the e-mail () and a letter; but to my surprise not even a single mail entertained. Now what is happening is that they are sending me reminders for the installment payment and with each installment I am charged for a surcharge. So far for not paying two installments I have been charged 110.5 US$ as surchage. I was thinking of getting the downpayment back from DHA.

Whether it is possible or it is going to be consumed through recurring surcharge on each installment and not replying to e-mails.

We are poor Pakistani overseas who just make such decisions time and again and then regret. Please advise as to whether I will be able to get the remaining amount; or what is the procedure for that.

Regards.
khan replied on Saturday, June 27, 2009 10:10 AM 

I am sorry to hear about your loss. didnt you know dha valley is a bahria town scheme by using dha islamabad name becuase with bahria name u probably would not have booked. anyway u can sell it at loss.
One Sincere friend from Q replied on Saturday, June 27, 2009 11:50 AM 

Dear Amjad Ali,

Regret to read your post.
However, please remeber that LAND & GOLD never give you a loss in comparison with cash in hand.

I m also affectee of DHAI OVERSEAS block but I did not stop to pay thinking that after a long time may be in 7/10 years DHAI OB will be at least equal to what I m paying now. As per financial expert, it may be a loss but for my children it will be a bird in hand as compared with the cash we would save now for future and that is bird in bushes according to present finacial crunch.

Regards
Irf replied on Saturday, June 27, 2009 01:10 PM 

Aslam O alkum, I agree with Friend from Q, think of it is as long term, i have two plots in DHA valley one in over seas on in local and i am paying on time, atleast will wait until it is ready long term investment
Hamid,Toronto replied on Saturday, June 27, 2009 02:02 PM 

All,

This is a long term investment not for two/three years either you sell it or keep it. You cannot live in both worlds. Last year I personally visited this area, it is very good area. I would say new Islamabad there. There are three major stack holders in this area namely DAHI, Bahria and EMAAR.
The latest development is that DHAI is building new EXPRESS WAY which will merge DHA Valley into Bahria EXPRESS WAY.

If you really need money then yeah sell it. If not then I would strongly suggest holding your investment. BTW I do have some investment in DHA Valley but not in OB.
In my opinion, if they hand over plots in timely manner or keep doing development in good pace then yes your investment will be solid.

Wish you all the best!
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