DHA Peshawar official response exactly as it was received.
Some people are crying fraud seeing the large number of unsuccessful applicants. I can assure you that with the type of strict oversight and multi-tiered checks that have been developed between DHA and GHQ, there are no chances of fraud here. It is only because of unexpected and overwhelming number of applications. Hundreds of thousands applied for it, far beyond any expectation. Based on the general response to surrounding area schemes, our evaluates expected maximum 7,000-10,000 applications. Having received such a tremendous response, DHA had the option of adopting the Bahria model of development in which a large number of applicants is declared successful, getting them to pay the money for plots that are not there on ground. Subsequently, the developer uses the applicants' money to buy more land and develop plots over next 3-5 years. Using Bahria model, DHA Peshawer could declare 50,000 successful members, and immediately get Rs 50-80 billion from them in down payment only. (Total payment from these members would have been over Rs 250-300 billion in next three years.) Ultimately, less than half of these members would have been given plots and the rest would have been either cancelled due to any delay in payment or bought back through artificial price drops during various phases of development. However, this model doesn't fit our parameters of ethical development as it requires bribery, extortion and even violence to obtain the required pieces of land from the surrounding land-holders. Seeing the overwhelming response, DHA Peshawer made extraordinary efforts to increase their land bank so that more applicants could be accommodated. However, the basic principles of ethical development cannot be compromised. We are developing it on already acquired land and not making any false promises. Resultently, there is initial disappointment to many applicants but there is no fraud and the members will inshaAllah, get their plots without any problems within a reasonable time.
Lahori replied on Sunday, March 6, 2016 05:46 AM
How many plots are being allotted? Did they tell public upfront how many were being offered? This whole business of balloting involving huge money collection on hundreds of thousands of applications some of which is never returned to the public (non-refundable processing fees). Why processing of an application costs 10K or 25K rupees? Govt must regulate this whole façade. The developer are gaming too much with public trust and money. All of it must be regulated. |
CMY replied on Sunday, March 6, 2016 06:04 AM
So far only 7 won out of over 1000 CNIC checked by me.
Something is not making sense here. |
Babar replied on Sunday, March 6, 2016 08:38 AM
Though its a bad luck for those who couldn't get plot in draw, but a good sign for those who succeeded. perception of many was that DHA Peshawar will be in same situation as of DHA Bahawalpure i.e. no buyer and similar will be happening for DHA Multan. But DHA has proved that rather to devalue their brand by distributing to everyone who applied by playing "money games" better to cater the needs for the real numbers of applicants according to the land they have already acquired. Now this is the greed of people not the game of DHA. |
Babar® replied on Sunday, March 6, 2016 08:39 AM
Though its a bad luck for those who couldn't get plot in draw, but a good sign for those who succeeded. perception of many was that DHA Peshawar will be in same situation as of DHA Bahawalpure i.e. no buyer and similar will be happening for DHA Multan. But DHA has proved that rather to devalue their brand by distributing to everyone who applied by playing "money games" better to cater the needs for the real numbers of applicants according to the land they have already acquired. Now this is the greed of people not the game of DHA. |
Ali Noor replied on Sunday, March 6, 2016 01:18 PM
Dear All
we need to understand that DHA could have earned more profits it would have made 100 % applicants succeeded as it would reulst in earning profit in Billions and land can be arranged in later time frame just like Bahria did in Karachi.....I applied for two plots and Alhamdolilalh successful in one... my comments would have been the same IF I WOULD HAVE BEEN UNSUCCESSFUL
It is also a wake up call for CMY who advised not to apply due to high rates and least dividends expected in times to come...please dont spread disappointment around... |
