Dear All,
I have been allotted a 10M plot in Sector Y of Phase 7. The current worth of the plot is PKR1.6 million (excluding the development charges). I am an investor and am comparing two options. 1) hold the plot for another 2 or 3 years, wait for the area to be somewhat developed and then sell it. 2) sign an undertaking with DHA that you would like your plot to be restored in EX PV and can wait for the PV land to clear from litigation.
I would like to invite your comments on the potential benefits and costs of the two options.
Thank you.
Kumz replied on Tuesday, April 3, 2012 08:44 AM
In Litigation you might have to wait for an indefinite period. I have the same case, i had a 2 kanal corner plot in PV but have been waiting for sooo many years to get it cleared.. Its price (PV)is no doubt much better than Phase 7 but atleast i know that i will have a fully developed plot by June 2014.
In my eyes its a gamble and if you want to take a chance then you can sign the undertaking and keep on waiting for the good day to come..
Best of Luck.... |
Hassan Raza 03028449766 replied on Tuesday, April 3, 2012 12:11 PM
I think Mr.KUMZ explain your query in detail it also depends where your plot does fall in Y block.If it is bad location then you should sell it and buy some other good opportunities
Hassan Raza
Hassan.LahoreRealEstate@gmail.com |
