Lahore Real Estate Forum

                                                          
 
Back to Forum |

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

(64329)
Tuesday, April 12, 2011 09:48 AM 

Dear CMY,
I am in abroad is there any way to get the information about owner of plot in DHA phase 6 from plot no.
Regards,

Hussain replied on Tuesday, April 12, 2011 10:23 AM 

Dear Oversea
the best location is near block C plots
already more than 20 houses under constrcution near community centre C clock

MJM Dammam replied on Tuesday, April 12, 2011 11:05 AM 

Mr. Hussain you have misunderstood what "Overseas Pakistani" wants to enquire about. Looks like he is intersted in purchasing a plot in DHA phase 6. He has the plot number in hand, but wants to know who is the actual owner of the plot in question he intends to buy? Is there anyway to know the owner of the plot, please help him.

DHA Dealer Victim replied on Tuesday, April 12, 2011 11:58 AM 

Dear Overseas
I am also living out of Pakistan and a victim of DHA phase 6 scam so be very careful regarding your question no you won't be able to and rest assured dealers won't let you coz there will be at least 3 dealers involved between buyer and seller
Just avoid as buyers like us strengthening the current market hype / bubble in this phase which is bound to burst sooner than later

ALF replied on Tuesday, April 12, 2011 12:15 PM 

Fully agree with Victim, i have also suffered from many dealers involved between buyer and seller. All the prices quoted for DHA (files + plots) are inflated because atleast 3 or more agents keep their commission plus they charge much higher to the buyer whereas the demand from Seller is quite less. The dealers are not realizing that wrong doing will not help them in the long term.

CMY replied on Tuesday, April 12, 2011 12:32 PM 

I agree there are many bad dealers in market. But you should try to go through a good honest experienced registered dealer in DHA Lahore. In many cases a good honest experienced registered dealer can make a deal for you at a price that could save you few lacs. I will give an example.

You are military person looking to sell a XYZ plot in DHA 6. Your plot actual worth is 65 lacs ( Any good dealer could have got you this XYZ plot with his hard work at this price due to his negotiation skills and networking with 100S other dealers ). You got a part time dealer friend who also worked with you in past in military. Your part time dealer friend finds a buyer who also worked in military n and told him your XYZ plot is worth 68 lacs. All three guys got togather into a face to face meeting and plot was sold at 67 lacs. Keep in mind this XYZ plot If offered in market could not be sold at more than 65 lacs but in this case it was sold at 67 lacs. None of these guys in this case is unhappy. Seller got 67 lacs a 2 lacs extra. Dealer got 67000 + 67000 commission from buyer and seller. Buyer got plot at 2 lacs more than market going rate but he so proud he got a plot after meeting with the true owner and paid him all the money directly. Was this a good deal. Do you think it was a good deal.

A better way to deal here will to make sure you buy a plot for not more than a going market rate.Your plot have be to check first the market in detail and than buy a plot at going market rate from your friend or relative. The best way to judge the market rate is to offer plot for sale to few dealers very next to plot you want to buy. After 2 to 3 calls you will get actual worth of plots. Above example in military is not just an example but a fact. Every month I see many transfers from military to military where buyers loose big and have paid many lacs more than their worth.

Many people think they are too smart and they can get a better deal by posting ads online or in newspaper. But fact is a seller that is selling his plot online is many time smarter than you and in 99% is asking price min 20 % more than the going market rates. check all online ads on Lahore real Estate in past from direct sellers and compare their asking prices to our posted plots prices. I guarantee you you cant find me a single real deal where a seller is selling at or under market rate. All direct sellers are asking too high prices until they find some one to sell. An online seller keep posting his ads online for months until he find some ill informed online buyer. A dealer cant ask you high rates like him because he have to survive / compete in market with 3000 other dealers. Also If you are buying a plot from a long time friend or relative its your dream you will get a good deal. 99% time your friend or relative have made a very bad investment and he is just going to take of load from his shoulders and put it on your shoulders with a direct deal. A friend or a relative only offer you to sell a plot when he have completely failed to sell the plot to dealers in market at his booking or purchase price and just not willing to take a loss or keep sitting on that loss. Due to shame of getting cheated not a single person may admit how he got cheated but I get many calls where people say ok I guess now I have to sell my money loosing plot to some one working with me here because its not possible for me to take a big loss.

Ask from your friends who bought a plot from friends or relatives. Most likely in 99% cases buyer is now loosing big money because he got a plot from a friend or a relative. Buyers thought they will save some money in transfer costs or commission but fact is he has paid min 20% to 25 % more than going market rates.

Got to run for PT. Talk to you tomorrow.

Continued

Ch Mujahid Yasin ( CMY )
03224009967

Overseas Pakistani replied on Tuesday, April 12, 2011 04:01 PM 

Dear CMY,
u not answer the question i want to know about ownership my friend buy alreday a plot we want to just confirm the ownership his relative buy that plot on his behalf Is there any way ????????????????????//

ALF replied on Tuesday, April 12, 2011 05:26 PM 

Dear CMY

You are right in saying that all dealers are not the same. However, there are far too many eager to rip the buyers and to some extent may be sellers as well . As for my personal experience, i didn't went through any relative or friend. I contacted a recognized dealer, who has office in perhaps every phase of DHA (you may have guessed already) and the deal was not getting finalized because even after taking the token, they were keep on increasing the price and finally i have to call off the deal. They keep on calling me afterwards at reduced price but i lost the trust in them. I understand that it has nothing to do with you and other honest dealers and i sincerely appreciate your efforts through this website that at least save us from making a bad deal by knowing the current market. There is only one request i would like to make. I know that many dealers do contact each other in the market and people like me will highly appreciate if this concern is being raised to all dealers so that they can understand the mistrust and concern of the potential buyers and sellers.

CMY replied on Tuesday, April 12, 2011 06:06 PM 

is there any way to get the information about owner of plot in DHA phase 6 from plot no?

Yes Its possible. Call DHA office or call me to know how to do it.

LRE Hot Topics replied on Thursday, April 14, 2011 03:58 AM 

Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics
>