Dear LRE, CMY & other experts,
DHA Phase 7, commercial 4M affidavit files are available in market @ 135. Some discussion is also going on this forum regarding investment recommendations as well.
However, these files are not ready for transfer. It is not possible to deposit transfer fee and if some one deposited fee, he is not available to get intimation letter.
-Why DHA issued files which are not ready to transfer and how long it will take to clear files?
-Does it okay to book these files & wait?
I would request to shed light on this matter
Plz note post was mistakenly blocked by spam killer
Habib replied on Thursday, April 30, 2015 03:34 AM
Dear CMY and LRE group,
please give detail of Affidavit file transfer process step by step.
I understand some overseas investors bad experience as the file was **Not cleared** in in certain time scale, and they had to go back to their job, How one can make sure it will not happen. On the Other hand you save good amount of transfer charges on these files, I unserstand many delers/ short time investors in DHA area do this buiness. They know which file will be cleared fast as transfer charges are nominal so they buy affidavit file at bargain from market price and once converted to allocation they sell to overseas or other general buyers at some prmium from market.
For example If rate is 45 today they Buy from *Jatt*, in 44 or 43 and sell at 45.50 to an overseas investors that is why they are very sestive to price fluctuations. |
CMY replied on Thursday, April 30, 2015 05:24 AM
I will write post to explain it in detail when time allows me. I dont want to do an over kill here and get more sick again. So trying to rest in between posts email etc. Since I am posting here after long time so just too much work load for me now of answering private emails old friends here who want ONLY MINE opinion 1st before their next move and and also spending too much time in writing detailed posts etc.
It is 99% safe transaction if done with care. Affidavit is NOT GOOD for 1st time buyers in DHA Lahore as they may not like its transfer. all dealers should avoid it where they can. In some cases we dont have any choice but to offer affidavit only.
All new people to DHA must try to avoid it to save a little money. An affidavit MUST be bought from a dealer who have done many deals in past with investor(Owner) of affidavit. There could be problem waiting for you if you ignore my this point.
Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com |
Habib replied on Thursday, April 30, 2015 07:42 AM
Thanks CMY for Clarification detail is pending
some friend got confused for my comments so last lines to read like this.
"For example If rate is 45 today they Buy from *Jatt*, in 44 or 43 and transfer to to their name, Now File becomes allocation safe and quick transfer is possible, afterwards they sell at some premium eg 45.50 to an overseas investors that is why they are very sestive to price fluctuations. [This is margin trading of files and only possible as afidavit transfer charges are less] |
