Hello everyone on this forum, I need some advice here.
I am a 22-year old student and looking to invest in Grand Avenues Lahore, 10 Marla plot for around 2.5 million. I have some issues, including knowledge of how to complete a deal and so on.
My first concern is, that I have 2.5 million exactly and I can't invest anywhere else in 10-marla with possession. The location of society is superb. The only problem I am seeing is, that Grand Avenues is not approved by LDA, but it was approved by TMA (which doesn't mean anything after 2012 though). I have called their offices and contacted some people, they say we will get LDA approval and application is in process. Should I go for it or not? LDA office too said application is in process, but didn't tell if it will be approved or not, and when. Does LDA even refuse application when a society wants approval or do they approve all societies eventually?
Secondly, since it is my first deal and I am pretty much a kid here, I am obviously concerned of frauds. Like, heard of double-file selling, getting plot number re-positioned, and agent frauds. How to be sure I am on the safer side? I mean, what proofs will I get right after the payment of plot? What is registry, allocation, possession letters? Please list everything that the agents/dealers/society must give me as proof of plot. Please guide the whole process.
Mind you, I am buying in possession area. I know this might be an annoying question for many of you experts, but surely I will never become an expert if you guys don't help out with your knowledge today!
Thanking in anticipation.
FAA.awan replied on Sunday, April 10, 2016 07:24 PM
Dear Ahmad,do n't take risk Lda related issues,lda wants you to invest only in lda failed schemes,therefore,you should avoid grand avenue lda can delay even 5 to 7 years more. On your budget bahria education OR bahria orchard 5m in D,G,F block is the best for better gain and no issue of fraud and any risk, be calm and enjoy profit. Best of luck. |
Ahsan replied on Monday, April 11, 2016 03:39 AM
LDA has issues with many schemes even Bahria Town. As far as Grand Avenue is concerned, the possession plot is a good value in A block. The location is superb and development is more than 60 % complete in society. It may take 2-3 years more to emerge properly with all due approvals including LDA. The quality of development is very good and construction activity has started too. I suggest you to visit the location and talk to few dealers. Secondly, try to get a plot in possession in around 22 lacs. |
Omer ® replied on Monday, April 11, 2016 05:29 AM
In the budget of 2.5 million you can find a good location plot 5M in Bahria Orchard its more safer than Grand Avenue. |
Habib replied on Monday, April 11, 2016 06:17 AM
Dear Anmed, Are You getiing this plot in semdeveloped area or just on map pls clarfiy as they have some areas semdeveloped, some land passesion and other only on map and Land possession by them cant be varified if the area is only on map |
LODHI replied on Monday, April 11, 2016 08:13 AM
TEST |
