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Lahore Real Estate Forum: Property News & Community Talk : ,

(54512)
Sunday, August 23, 2009 06:06 AM 

Could Mr. CMY or any other person post the pictures showing recent development of Central Park. On Urban developers’ they have posted the pictures of A and G blocks which are between Main Park and Entrance gate. Development status of C, D, E and F blocks which are after the Park have no pictures.


As I know some people stopped paying the installments because progress on development was very slow and they were waiting for some improvements.

Now since it has been merged with DHA/EME, I believe development might start soon for undeveloped blocks. As Mr. CMY said that there will be merger fees 1.5 lacs for 10 marlas and 3 lacs for one canals, they will have enough money after collecting the merger fees to start development for remaining blocks.

I called yesterday Urban developers office and asked where to pay the remaining installments. They told to pay it to Urbandevelpres office and if paying by draft then Urbandevelopers name should be used on draft. I think this should be confirmed with DHA also but DHA office employees are saying there is no merger of central park with DHA and this confusion is still unlearned.

AR replied on Sunday, August 23, 2009 06:23 AM 

Merge news is still confusion. Urban developers even has removed the merger notification from their Website slide. I dont know why?
AR

abdullah replied on Sunday, August 23, 2009 08:46 AM 

We request CMY to pay visit to Central park and share his expert views alongwith pics.As we trust his assesment.

On another note my personal views are as follows:

i) Please please please do not be fooled by the dealers who want to take your plot for peanuts.Do not sell your plot at this moment.The news of merger is confimred.
ii) They removed the news, as it had DHA impirnted whereas people objected on the signature of Central park managers signature.
However, they posted a new nitification on the main office door of central park confirming that the mergr is with DHA EME and not DHA dha..Also, this notifications confirms that MOU has been signed and this is confirmed by the owner of the society.Riaz ahmed chohan.
Market rumours are that boards and banners of DHA EME would be displayed in the next few days.
iii) Regarding merger fees;.. why would u want to deposit merger fee when it is not confirmed and diaplyed as yet.At maximum one can deposit the pending instalaments if any.When merger fee;s information would be displayed , it would also have a deadline to deposit them.I guess there is a cusshion of 1-2 months in that.So for now just hold your plot and enjoy the upward rise.
iv) Also, remember, this merger took everyone by surpise.Hence, its not sinking in and few circles are creating doubts in holders minds.So to grab plots from them as they missed the earlier rally.
I reckon those who held the plot for the last 1-4 years..its there time to reap fruit.Dont be fooled by any rumour as merger news is an open secret now and when u have held onto ur investment for so long then why not hold it for another few days/weeks,
Inshallah, allah would bless you for your patience.

WHY replied on Sunday, August 23, 2009 09:02 AM 

Why there is only one supporter of Central Park and Urban Developers. ???

Javed replied on Sunday, August 23, 2009 09:31 AM 

There are very few supporters of Central Park because most of the owners of CP plots are not aware of this website perhaps and many just want to wait and see what happens. For the purpose of a little research one should try to purchase a 10 marla plot these days from a good dealer e.g. lahore real estate and see what the owner is demanding.

Afzal replied on Thursday, January 12, 2012 10:09 AM 

Aslamoalikum

Dear CMY!

Do you know, when Urban developers central park is going to start developement work in D block adjecent to main park area, because there are many rumours about their partner ship break and non developement doubt about D block,also of no land purchsed..

Syyed Farooq replied on Wednesday, May 23, 2012 11:29 AM 

Aslamoalikum

Current situation of Central park Blocks "C"
,"D", "F" is that there is no any developement work has started since 5 years.because of no land, for further details you can call for assistance


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