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1Kanal Phase9 file price before Balloting,

(75996)
   Phase9Query
Sunday, December 2, 2012 07:26 PM 
Reply: >
Quick question to ask to CMY or any expert on DHA Phase 9 (1 Kanal) FILE :

Like CMY mentioned in his earlier post, 50 Lac is expected value for worst location plot after balloting, that would mean Rs.15 Lac of development charges included in that 50 Lac. So the actual value of plot to owner is Rs.35 Lac because owner's will be given Rs.35 lac after deduction of development charges of Rs.15 Lac regardless he/she has started paying installment of development charges or have paid in full.

Would it not be better & wise decision to sell the file before balloting if the rate of the File is around Rs.40 Lac before balloting?

Would appreciate your comments on this.
Thanks in advance.
Ahmad replied on Sunday, December 2, 2012 09:35 PM 

This is a ongoing process. It depends what you want to do with money. If you sell around 40 there will certainly be buyers present. But 2 years from now, the new buyers become sellers until the area gets populated and families settle down. 40 is not a price to sell DHA-9. Aim minimum for 45. If it touches that level there are chances that price will come little bit down after ballot for bad location plots. In my view, the real beneficiaries are those who bought file during last 18 months or those who will get good location plots like on main road, facing parks, and corner ones.

At the end, only Allah knows better. Saman 100 year ka pal ki khabar nahin :) ...
DHA 9 installment plot replied on Monday, December 3, 2012 06:53 AM 

My dear 50 Lac is price of worst plot. If you get among best plot worth 75 Lac or more, you get a profit of 25+ Lakh. For average plot you get profit of 15+ Lac.

God knows may be DHA will sell on installment at 85 Lac or 80 Lac. In DHA 8 when property was crashed they sold plots at 55 Lac on installments. At that time DHA 6 plots were available for 55 Lac. Now plots have gained 30 Lac. And prices have doubled in some DHA phases and other schemes. So if DHA sells one kanal now on installment, they will sell for 85 Lac or minimum 75 Lac in light of current market conditions. The commercial plots of last ballot are now selling for as much as 2 Crore profit only after 18 months, so if DHA 9 one kanal plot is sold on 75 or 85 Lac on 3 years installments, there will be thousand of buyers willing to try their luck again. Amazingly just like DHA 8 those plots will also sell on premium.

Many people thought DHA 8 was expensive at 55 Lac on installments and now buying the same for 90 Lac on cash down payment. So DHA 9 should be sold on installments for 75 Lac or 85 Lac only, looking at prices in other phases of DHA. Even in DHA 9, 10 Marla plot on cash payment is sold for as high as 45 Lacs. So on installments price is usually 30% more.
Khan replied on Monday, December 3, 2012 09:23 AM 

Logical analysis....................................well done
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