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

(6537)
Wednesday, May 25, 2005 05:16 AM 

Can some nice guy comment regarding future prospectus of FORMANITE society.
What is the reason that its cost is low as compared to sui gas ,state life and bankers town
I have one kanal plot at main road. Is it woth to retain it

M. Ali replied on Wednesday, May 25, 2005 05:35 AM 

Assalam Alaikum

I think, you have asked this question previously also. I did not have complete information, therefore, I did not write. But as nobody replied to you last time also, therefore, I will try to convey, whatever I know. I will write about Phase 1 only.

As you are already aware that its location is excellent, among DHA, State Life and near to the ring road. If everything goes fine, I think it is an excellent deal. They are going to have some possession ceremony on June 4th for the so far developed part of Phase 1, I think it will have positive impact on Formanites Phase 1. I will suggest you to attend that ceremony or if you are abroad like me, send some relative over there. If your plot falls in the already developed part then I think you should be able to get good money out of it. I cannot really say, why it is low as compared to other surrounding schemes. Some people say some land problem of adjacent Phase-2 is the reason. I am not in position to recommend you something solid but I can suggest you to wait for some more time for at least next three to four months after the possession ceremony that hopefull provide you relatively better picture hopefully. This is what I think.

Mahmood replied on Wednesday, May 25, 2005 06:46 PM 

Thanks a lot MR.ALI for the kind information
regards

M. Ali replied on Wednesday, May 25, 2005 06:58 PM 

No problem, my pleasure and as I am abroad, let me know the progress of Formanites if you get to know somehow. Thanks.
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