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

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   SA
Tuesday, May 12, 2015 06:22 PM 
Reply: >
how can one confirm if there phase 9 file will be a prt of the ballot on May 15th 2015
MM replied on Tuesday, May 12, 2015 06:32 PM 

Dear SA like I am a perfect example ..One agent sold me an efidivet file and told me that it will be part of Ballot. He lied ..Only if the file has a allocation letter than it will be ..otherwise ..
tt replied on Tuesday, May 12, 2015 07:31 PM 

MR CMY..Can you please suggest I have 5 marla phase 9 file ..My total cost is 25 lacs and it wont be part of balloting on May 15th..should I sell it before balloting or keep it hoping for some profit?
CMY replied on Tuesday, May 12, 2015 07:39 PM 

No need to sell they will keep getting plots in mini ballots every 3 to 6 months. After ballot your non balloted file can be sold higher than todays price of non balloted file. Plz wait till map is out.

Choudry Mujahid Yasin ( CMY )
tt replied on Tuesday, May 12, 2015 07:57 PM 

CMY thank you. It is such a relief. Feeling I am not part of Ballot but you are saying eventually 3 - 6 months I will be fine. No need to panic even if I am not part of balloting? Can you please tell me Mr CMY if I could get installment plot after 15th and how much down payment I will need for one kanal to attach it with the application and by when..Please kindly explain. thank you so mucg Sir.
CMY replied on Tuesday, May 12, 2015 08:39 PM 

At this time DHA have not offered any plots on installments in DHA9 Prism (Proper).

DHA may or may not offer installment plots in DHA9 Prism on ballot day May 15 2015 or in future. If and when they are available If promise I will update every one right away.


For now if any one want to buy a plot after ballot in DHA9 Prism 9 (Proper). He will need to make full payment against the plot before a transfer that include full development charges payment to DHA and Rest of the amount to sellers. This will keep going on for about for next 3 to 4 months.

After 3 to 4 moths when every one has his intimation letters DHA starts allowing transfers with due installments of development charges payments only. Rest of the money for development charges is paid by sellers in installments. Seller gets paid for total price minus any development charges at that point.


If you are a buyer you have enough time to research best location and avoid bad location after ballot and think hard and get together all available needed funds into Pakistan to make them ready for purchase. never send token only and that try to send funds later to complete the purchase. Bank in Pakistan keep hold on you funds from my freak reasons and you could get into lot of un needed headache.


If you are a seller you must know true worth of your property before a sale. Educate your self what location is bad and what location is worst. Good location should be kept as they have lot of room to grow from here. But If you get unlucky be realistic and sell plot at current market worth after ballot. Ask too much money for bad location wont get you any where. More you wait on bad location to sell more you loose. ask any bad location plot holder in DHA7 how long they are trying to sell their bad location plots in DHA7. Also ask who got out early and moved to better location by adding extra money. I am not saying just to dump your plot on bad location at first call. But I am saying when the time will come you should try to sell plot on market rate and dont demand unrealistic prices. These days each buyer sellers is very educated and its hard to find simple buyers or sellers. They are more informed these days than dealers.

If you need an example of an educated seller try reading posts of our beloved syed Shaoib bhai :). You think any dealer can ever make a fool out of him :)




For me each buyer or seller is equally important and respectable. I cant tell you to buy or sell only. Each person that has a buy or sell a property have many other things attached to his need to buy or sell. We have to suggest what is best for his in short and long term.
I cant say any thing about all members of LRE team but never in my life time I call any of my clients to ask them to buy or sell any property unless he have already requested in advance to be called or updated if special buy or sell situation show up in market.



Post is getting long again. This was the practice in all past ballots for DHA to aks all development charges in advance to eliminated any problems after transfer about who was going to be responsible in future for development charges. I cant guarantee you same things will happen in future after DHA9 Prism ballot. I not suggesting you to buy or sell based on this info. Your buying or selling based on above info cant add to my own business or hurt my business in any way.

I am just trying to educate buyers and sellers so non of them can get cheated by each other or dishonest dealers. This is how DHA preceded in past ballots.


Choudry Mujahid Yasin ( CMY )
Kamran Qureshi replied on Wednesday, May 13, 2015 04:25 AM 

CMY ,

You are a great person . Answering every question in detail and with taking so much pain. You have really raised the bar for any property consultant. Allah bless you and your family and team members.

regards,
Kamran Qureshi
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