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Thursday, October 22, 2015 02:41 AM 

Dear readers...kindly evaluate location of P-520 DHA prism 9...do the valued readers expect it to gain with the passage of time or stay static...

LRE replied on Thursday, October 22, 2015 06:42 AM 

Dear Sir,

Prism Plot # P-520 Around 86 Lacs (CORRECTED) Just to clarify that it is a good location plot and this price is excluding development charges.

Salman Maqsood
Lahore Real Estae
+923224009967
Email:INFO@LREPK.Com

stranger replied on Thursday, October 22, 2015 01:34 PM 

Azi sb. See below in list P-519 is at sale for 83 lac and LRE evaluating you plot at 68 lac . Strange? isn't it?

Azi replied on Thursday, October 22, 2015 04:19 PM 

Dear LRE and stranger...thanks for your feedback...i wanted to know if its a good plot to hold for long term gains...Jameel sb feedback is also solicited please...

LRE Management replied on Sunday, October 25, 2015 01:41 AM 

Dear Stranger (and others concerned):

We apologize for the confusion. The difference between P 519 and P 520 prices may be due to development charges included in one price and excluded from the other price but not explicitly mentioned, which it should be. The concerned LRE staff members will IA clarify by Monday.

Some similar incidents have come to our knowledge very recently; we have investigated and found out the reasons of such price differences as plain typos mostly, to sometimes unintentional communication issues/gaps between occasionally careless online support staff who are posting the assessment prices on behalf of the actual (more competent) staff who is dealing in that particular/relevant project. It is extremely embarrassing for us; we take it very seriously, and IA very soon it will be fixed, except for the occasional human error factor which is unavoidable, as it cannot be perfect.

Likewise, as it seems in this case, some times inclusion or exclusion of development charges from the price may be the issue too. For that we need to have uniform pattern of pricing such plots.

Regarding minor differences: it is only natural that different people have different opinions. Two different persons, even at same office, may have slightly different assessments of marketable worth of plots, when asked (this is not an issue for frequently traded file prices, in most cases). Also same person may have reasonably different (or significantly different) assessments at different times, due to changes in market dynamics. It's all but a static market. Moreover, the demand prices and actual tradable prices of plots are usually at least a few Lacs apart.

Please rest assured that we are working to correct such nuances as much as possible.

LRE Management replied on Monday, October 26, 2015 11:53 AM 

Update: We have checked thoroughly, the issue is actually not related to inclusion or exclusion of development charges. It is due to typing mistake as claimed by online support staff. The mistake could not be corrected due to relevant staff being off for Muharram holidays. As similar mistakes have happened in last few weeks, we have taken necessary corrective measures, and IA it will get considerably better in near future.
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