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Lahore Rea lEstate ,

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   Dr Ali Hassan
Monday, June 22, 2015 11:25 PM 
Reply: >
DHA PH 7 ripoff

Another ripoff from investor mafia in DHA ph7 happened. As usual they hyped the market for couple of weeks and collected some cream and exit the market but here they couldn't play long because of phase 7 being in market for so long and dead end location but always genuine buyers especially the overseas buyers get hit bcaz of time and travel hurdles and lack of quick action in the market due to absence.
But question remain is How to control this investor mafia?

My answer is: Government should increase taxes and transfer fees to the limit that this mafia not feel comfortable playing the swap game like here in USA.

Answers from forum welcome.
Overseas Pakistani Adv replied on Tuesday, June 23, 2015 12:44 AM 

Fully agree with your comment. Only overseas Pakistanies are losers in Pak real estate.
MJ Khan replied on Tuesday, June 23, 2015 05:23 AM 

You are right Dr. Ali...the overseas folks have to suffer in this volatile real estate market..
Tahir replied on Tuesday, June 23, 2015 05:39 AM 

What has happened to phase 7 market? Have they dropped?
buy123 replied on Tuesday, June 23, 2015 05:44 AM 

agreed, we the overseas Pakistanis suffer the most

cant sell when market is high since we are not in Pakistan....cant purchase when market is low

I prefer to make long term investments since short term game cant be played while staying overseas
Babar replied on Tuesday, June 23, 2015 06:59 AM 

Dr. Ali Hassan, Agreed but I appreciate if could elaborate "ripoff" phenomena of investors for others people. This will help me and others as well, about what is going on in phase 7 ??
RANA, Europe replied on Tuesday, June 23, 2015 03:02 PM 


Salam to all,

I am completely disagree with bro.ALI.
Brother Ali Hassan, its right of everyone to do the business and to use their brain, experience of themselves and experience of others, take advices and then take conclusion oneself with believe in ALLAH.
To do buy and sell is SUNNAH, its different than a medical practice.

Salam
Akmal replied on Tuesday, June 23, 2015 03:26 PM 

Ali Hassan sb, Can you pls elaborate what happened to Phase-7 prices? I think prices are stable and still moving upward steadily.
rana replied on Tuesday, June 23, 2015 06:58 PM 

Dr Ali Hassan Sahib, I am not sure what you mean by "taxes and transfer fees like here in USA." To my knowledge there is no taxes and transfer fee on real estate transactions in the US. If you are thinking of title insurance, that is not a tax.
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