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dha offers installments,

(84566)
Friday, April 24, 2015 05:43 PM 

Is it true DHA offers plot/file on installments nowadays?

Somebody said it was in news few days back.

If yes then in which phase n where detail of this I can found/see?
In ur point of view its good or a long time investment ?

CMY replied on Friday, April 24, 2015 11:12 PM 

Yasir Hameed bhai.

I waited for other to help assist you. since no one answered yet I had to put these few lines here that may help you. Other friends are request to guide you as well.

Some times DHA Lahore offers plots on installment to generate lot of funds. Its is not guaranteed if they will offer any plots or 1000s of new plots in installments in DHA Lahore phase 9 coming ballot.

It is advised that you start saving funds to enter in lottery of these installments plots just in case they are made available.

You will need about 10% to 20% as advance and have to pay RS 5000 to Rs Rs 10000 for non refundable money with application. If you dont get a plot in draw you get 100% refund of of your money within 90 days of ballot.

You should keep a close eye on this webpage. We will insha Allah update you IF and when next application are asked.

This lottery of installment plots is held on major ballot events. Next ballot is due for DHA Lahore phase 9. We dont have any official time when ballot for DHA Lahore phase 9 will be held. It could be in a month or it could take few years. We dont have any sure way to tell you exact time of next ballot and draw of this lottery installment plots. Normally in these installments plots prices are a lot higher then current prices because other than 10 % to 20% advance payment rest of the amount is due in 3 years in installments. Since no free lunches in Pakistan too you must pay interest or call it premium to make it halal if that suits you for money that you are going to pay to DHA in installment.

This is all I knew about these installments plots. I wont encourage or discourage you to book these plots. Other friends here will help you with that decision

I hope I was able to assist you properly.

Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com

yasir hameed replied on Saturday, April 25, 2015 06:02 AM 

Respected CMY

Thanks for your kind reply I understand your points and your words broad my vision about this.
I will not go for anythibg which envoles interest bcz its a big sin. May Allah keep everyone safe n far from this.

May Allah bless you with good health n long life ameen

Jameel replied on Saturday, April 25, 2015 06:45 AM 

Yasir, i would have answered Your question, i tell you previous record

In DHA 6 No Plots offered,
In DHA 7 Plots were Offered at Just 1/5th Of Market Price [only development charges] to only few people, It was a lottery and few were benefited I will not Comment that this lottery was fair or not but i lost only 5000 so no regrets.

in 2010 Phase 8, they offered huge amount of plots to Public at 55 Lac each, at time of ballot of file holders, at that time it was at par of market rate, 80 to 90% People who applied got Plot, and Now you can see in 5 years they are 3X ir 150 lac

In 2015 Inshallah Ballot will be done. We cant be sure but DHA should offer Plots in Public, The people are estimating that rate will be 85 lac per Kanal, As Market is Not as depressed as Compared to 2010 time then I Think Only 40 to 50% people will get the plot. Because there is heavy booking from gulf.
If its offered, you will get good one Month time to apply as it will be properly advertised, and usually they ask 10% to 20% as Token money and rest in installments,
In case of being Unsuccessful you get your money back in one or 2 months and you lose only processing fees which is just 5000 to 10,000.
It is Notable that in DHA phase 8 Z Block which was quite big block they did not offer plots to public [only to file Holders and army people].

My question to CMY,
Does DHA sell some of These Plots in "Property exchange office" I know they sell some plots directly the rates are Much more than open Market

CMY replied on Saturday, April 25, 2015 04:00 PM 

Jameel bhai in past DHA did sell some good deal plots to only 4 or 5 favorite linked dealers.

Lots of protest from DHA dealers association put and end to this practice few years back.


Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com
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