MJM Dammam replied on Saturday, January 8, 2011 05:19 AM
Jameel Sahib - as I have been reading your comments on this forum, you seem to be well aware of real estate affairs in Lahore. The Park View Society was launched in 1988 and there was advertisements in the then news papers. At that time Park View office was near Sherpao Bridge and the society did own some pockets of land near Sejpal and Malikpura. So I got interested and booked a plot of 1 Kanal for Rs. 45,000 by paying cash amount of Rs. 5,000 and the balance was paid later on. Computerized balloting was held on 6/11/1989 and I was alloted a plot in C block. The development charges of Rs. 66,000 were paid in installment. Due to delay of development and some other legal problems regarding acquiring land, the development could not taken place as planned. There were many ups and downs in the interim period. The PV came to shot when the new Lahore Airport became operational. Anyhow, total amounts of Rs. 600,000 was paid to PV management on account of development charges and later on when PV got emerged with DHA, an additional amount of 3 lac was paid to DHA. At the moment the worth of my plot is aound 72 lac. |