Jameel replied on Wednesday, November 30, 2011 10:08 PM
NFC is sound investment as there are no land issues and location is good, the people of NFC and NFC society themselves heavily invested in that scheme and peak price of land only was 18 lac [without development charges]. Many of admin people are holding plots.
Due to interest of insiders NFC is not issuing and strict notice to collect development charges from all plot holders, the plots could have been developed and handed over about 3 ys back if all would be Ok,
Now i think admin is waiting for significant price recovery so that intial investors can level their losses, Due to inflation they might have to increase the development charges. only then it can evolve as a nice locality. But there is no big level corruption only slump in market, and as you know it is from beginning investment grade locality which is a lot dependent on Bahria for price recovery, And Bahria is progressing as expected. |
