Dear CMY Sahib,
I am regular reader of lahorerealestate.com.
I want to apply for phase 9 (5 Marla) plot kindly plz guide me whether it will be good investment and what are the chances to get the plot through Balloting.
If the chances are not too good is it better to apply two applications rather than one(1 under me and 1 under my wife).
I am looking to invest for the next 5-8 years for my children's college expenses.
I believe price 10 lacs including development charges is a very good price specially in DHA Lahore.
CMY replied on Thursday, July 7, 2011 05:08 AM
5 Marla plot with development charges included on 3 years installments in military run DHA Lahore phase 9 at just 10 lacs is a gift IF you can get a plot in ballot. Its ok if you apply for more than one plot in same name. If you get more than one plot keep the good location and sell the other plot on good profit day after the ballot.
If you are looking for long term than why not go for one kanal allocation file in DHA Lahore phase 9 at 15.40 lacs. You will get a plot for sure no need to get into installment thing.
I am 100% sure DHA will increase price of 5 marla in next application if any. I think DHA Lahore kept the price low to attract maximuim application in this current ballot. 5 marla Plot on cash in DHA phase 9 Lahore cost Rs 14 to 17 lacs and extremly hard to find even at this price. Ready to build 5 marla plot of DHA Lahore today cost min 30 lacs in any phase.
Ch Mujahid Yasin ( CMY )
03224009967 |
Mohammad replied on Friday, July 8, 2011 03:41 AM
Dear CMy Sahib,
Thanks for the reply and detailed explaination. I'll try my luck going for ballot as i don't have money to buy in cash.
I am currently in Karachi and this will be my first time to buy such plots. I try to call DHA but no answer.
Maybe if you can help me, is better to submit the applications with the local bank here or send it to my inlaws in lahore to submit at their headoffice.
Also with application i need to sumbit the demand draft of processing fee(5,500) plus the down payment(150,000) or just the procressing fee and if i got the name then i need to sumbit the down payment?.
In the event of un-successful application will they refund the down payment and how they return the money if i submit the application through my inlaws at their headoffice.
Thanks in advance for all your help. |
Kamran replied on Friday, July 8, 2011 04:14 AM
Dear CMY,
Please give detail about the refund policy of DHA, as brother Mohammad has asked.
Regards, |
CMY replied on Saturday, July 9, 2011 07:40 AM
Mohammad please make pay order and send application to DHA Lahore office. On back of pay order do write your name and NIC no to be safe. Keep a copy of pay order with you too.
Down payment or also called advance money must be sent with application if not sent your application will be rejected.
Kamran bhai after 90 days of ballot DHA Lahore start sending pay orders at mailing address on application for all unsuccessful people in ballot.
Ch Mujahid Yasin ( CMY )
03224009967 |
