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Sale of Plot,

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   Farrukh Jamal
Friday, February 12, 2010 07:24 AM 
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Dear Visitors
I due to some compulsion want to dispose off my 500 Sq Yds plot located in F-16/4 Sector. The development work of the area has recently been initiated by the society and F-16/4 sector happens to be the first sub-sector where development work will be completed. Cost of plot is Rs 6,75,000/= and total of 10 development installments will have to be paid. I have so far deposited one installment only. The total amount that I am looking for Rs 6,75,000 + Rs 50,000 (one inst of dev charges) + Rs 4.5 lacs "On" money. I must inform that I paid Rs 8 lacs "On" but then times have changed.
Visitor 1 replied on Friday, February 12, 2010 04:14 PM 

Farrukh Jamal Sahib, when the development is expected to be completed. What will be the total cost ie. Cost of land + development + Profit
Farrukh Jamal replied on Saturday, February 13, 2010 10:21 AM 

I really do not know what will be the profit by the time the development work will be completed but if you account for today's profit then the cost of the plot will be 6,75,000+5,00,000+4,50,000= 16,25,000/= (i.e. cost of land, development cost, profit respectively). But let me tell you that by the time the development would be over, the new Islamabad airport would also be functional and the F-16 sector lies right on the Fateh jang road that would also lead to new Islamabad airport. Doubtlessly the profit by then would be tremendously high. I would have never disposed off the plot at so low profit margin and that too in todays' market sentiments but then I have some compulsion that is forcing me to dispose off the plot.
Visitor 1 replied on Saturday, February 13, 2010 06:15 PM 

Farrukh Jamal Sahib thanks for your clarification. It appears to be good for a longer time investment. Regards
Wellwisher replied on Sunday, February 14, 2010 11:46 AM 

Farrukh Jamal sb I have checked up although inauguration of the development work was done yet practically the development has not so far started. Now you can imagine the lethargy of AJK Society who are fooling the public. Secondly your demand of profit is more than the prevailing market rate. You may acquaint yourself and may revise your profit demand. Wish you best of luck
Farrukh Jamal replied on Sunday, February 14, 2010 09:00 PM 

Well Wisher, You may please know that before posting my ad, I had asked at least four property dealers about buying rate of a plot in F-16/4 sub sector and the ON money that they mentioned, I have quoted the same very one. But you may kindly know that the rates of F-16/1,2, & 3 are definitely on lower side than F-16/4 sub sector as whatever development work has been done, it is in same very sub sector. If you think that my demand was on higher side, then you please quote the price that you think is appropriate.
bro replied on Thursday, May 19, 2011 09:37 AM 

I am also planning to buy plot in f16 under jk sociity can any one put more light why developement hasnot started is there any thing hidden which public doesnot know.
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