I think DHA has very carefully announced the price of DHA 8, 55 Lac on installments is not too high neither too Low. To me 55 Lac in 3ys installment is equivalent to 45 Cash, Keeping in Mind Currency devaluation and Convenience of paying in installments. At this time and this price only end users will enter in market. There are number of reasons why investors may avoid it, first handing over in about 4 to 5 ys, then at least 40% Plots will be badly located 50% will be average and only 10% will be good Location. After ballot the location of plot will determine its worth. For the people who are buying on installments this investment will be like DHA homes in Park view where market price did not increase even after 3 years but it also did not decrease.
Looking at examples of park view Bahria and central park where there is huge difference between Booking price and resale market. the preposition may not hold true because of relatively better location of DHA 8.
Azhar replied on Monday, March 8, 2010 06:03 AM
What about Clause 16(f): Terms & Conditions (DHA Phase-8)
[ Quoted: DHA Lahore reserves the right to cancel any allotment at any time without any reason ]
Question: If a person get a plot on superb location and pay full amount of 55 Lac and DHA cancel his plot any time without telling any reason, What you will do that time ? Viewers are requested to comment on its justification. |
Waseem replied on Monday, March 8, 2010 06:11 AM
Baal ki khaal na utaaro piaray paki bhai. This kind of legal language is standard with all developers to cover them legally and completely. How many times have you heard DHA cancel allotments like that. DHA is most safe, secure and reliable of all the developers out there. |
HHH replied on Monday, March 8, 2010 06:36 AM
Well this Azhar this might not happen but can happen ..DHA has better repute but they have failed to fullfill their promises as well.... They promised they will give phase 7 file holder plot from same piece of land which was taken (that promise was in written form) and they didnot fullfill it....In there were written banners placed IN DHA by dha in phase 123 that DHA eill not merge with ravian housing society etc...how ever they did merge with them.....same goes with phase 6 there are areas in G block and L block where on map plots have number but in reality DHA does not have possession and they have walled of that area ....So as analyzed by Jameel untill unless you have possession nothing can be said ....At present posterior wall of gold course in DHA phase 6 is facing a village......On map this is one of most expensive areas of phase 7 dha ..... ......However if DHA has possesion of certain area then chances are very slim that good location plot will be cancelled by dha ..... |
Love DHA replied on Monday, March 8, 2010 06:59 AM
It is written in DHA rules that if they cannot deliver a plot which is on their map they can relocate the plot but they will give the owner similar or better location. I have witnessed myself people who had very bad locations were swithced to ideal locations.
One of my friend had a plot in phase 6 N block boundary near bhangali in a piece of land which DHA could not acquire despite long effort. DHA gave him a very good wide road plot in L block. My friend was really happy because DHA gave him a plot which had 10 lakhs additional market value compared with his original plot in N block. This is a norm in DHA that is why some people are keen to buy plots where DHA is having trouble acquiring land so that they will be switched to plots with much more value. So far 100% of cases I know the switching has been to plots of much higher value. Of course if you have some sentimental value attached to your plot DHA cannot compensate that but they do compensate you well in financial terms if they have to relocate your plot. Relocation of some plots is part of the game and nothing unusual.
Constructive criticism is fine but we must not forget to also admire what is good about DHA. |
