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Development charges?,

(84246)
Wednesday, February 4, 2015 08:31 AM 

What are you thoughts and would that be good idea we sell Phase 9 file (1 Kanal) just a day/week before balloting at its peak price considering if we get worst located Plot and decided or need money to sell it after ballotting, we have to pay or clear outstanding charges which is 15 to 20 Lac development charges in one go before we can sell it?

Whereas if we sell the file before ballot at its peak price, we don't have to worry for paying development charges in one go or to expect worst located plot?

Is that correct, we have to pay full amount of development charges after day one of ballotted plot whereas if we want to keep the balloted plot, we will pay development charges in quarterly installment in up to three years?

Thanks.

ZRZ replied on Wednesday, February 4, 2015 08:38 AM 

trust and don't think too much May be You will have a good plot and if not you will not blame your self but consider there was not much for in this deal.

Aslam replied on Wednesday, February 4, 2015 08:44 AM 

You have to pay development charges in quarterly installments of three year after balloting. Refer location of the plot, its your luck. Location can be good & can be bad as well.

PK replied on Wednesday, February 4, 2015 08:56 AM 

Still have a chance to sell out dead items of Ph9 else u all regret

ashraf replied on Wednesday, February 4, 2015 09:05 AM 

Dear LRE please cleriy
thanks

Phase9P replied on Wednesday, February 4, 2015 09:07 AM 

Thanks PK and Aslam,

My 2nd question is still unanswered that if we want to sell our Balloted plot after 1 or more days of balloting, do we have to pay full payment of development charges e.g. 15 Lac.
Considering if current price of DHA Phase 9 One Kanal file is 54 Lac and rate/price of ballotted plot of Phase9 One Kanal would be 65 Lac, then we will get only 50 lac? which means we will get 50 Lacs instead of 54 Lac which was price before Ballot? Its just my thought and could be correct.

That's why I asked in above post, do we have to pay development charges in full if we decide to sell the balloted plot after one day or more of Ballotting?

Thanks.

chaudry replied on Wednesday, February 4, 2015 09:20 AM 

yes u will have to pay in one go all the instalmentsif u sell the plot after balloting

Anonymous replied on Wednesday, February 4, 2015 10:24 AM 

PK: you are here too? man, go get a life. you have no clue about property and this forum isnt the one that controls the market (if you have any intentions what so ever).
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