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Purchase of Plot in DHA phase 8,

(65271)
Saturday, May 21, 2011 10:59 AM 

Dear CMY Sb.

i want to purchase a 1 kanal plot in U block phase 8 from my friend on cash basis. i heard that the value is around 42 to 44 of cash plot. does i have to pay development charges after buying this plot? if yes how much amount would be.?

thanks and regards,

Admin replied on Saturday, May 21, 2011 11:22 AM 

CMY is not available till Monday.

Jameel replied on Saturday, May 21, 2011 02:55 PM 

there are two type of Plots One Installment s where all 55 Lacs will given is installments and people have already paid almost 40% so
when you buy such a Plot say in 52 Lac you ask the person how much he already paid he says he has paid 20 Lac as Plot is being sold in 3 Lac Loss so you pay 17 to Owner and remaining 35 Lac will be Paid to DHA in installments. { If there is already some fine for late Payment that need to be cleared by previous owner]
Other is type of Plot You are buying which was file and now seller is in process of selling development charges that is 10 Lac out of which about 4 lac he should already paid till date.
Now if Plots price is decided 42 Lac, and 6 Lac is still due DHA, Then actually you will only pay 42-6 = 36 to seller and remaining 6 Lac be paid to DHA in form of installment.
All the prices you see here one LRE website and or on news paper means that total price ie Plot price plus remaining development Charges, If your friend is asking you to pay 42 net to him and remaining 6 Lac to DHA then this plot's price is 48 Lac, not 42 lac. You did not mention the location of Plot some very good plots in U Block can be upto 47,48 lac.
In end dont expect that friend will give you plot cheaper, it is only possible that if your friend is trying to sell the plot for last one year and already contacted many dealers, In that case he knows the Correct worth of Plot, otherwise when a seller comes in market first time his mind is about 4,5 Lac high.

Well Wisher replied on Sunday, May 22, 2011 12:28 PM 

thank you very much Mr. Jameel for these valuable points i was not aware of these points now i will confirm all these things to reach a deal. once again thak you very much.
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