Bahria Green Valley: Keeping a File without Paying Installment

Greetings,

As a beginner, just to familiarize with the real estate world, I want to start trading files leading to invest in plots at a later stage. I am looking into Green Valley Bahria town .

My questions

If I want to keep a file till balloting is it mandatory to pay installments till that period.

Secondly whats your opinion file for Bahria block F or green valley? Just for investment/trading.

 

===========

Dear Sir,

Salaam!

Real Estate Market in Lahore is witnessing downward trend though it seems temporary. It is good to get involved in it as one can earn high and keep the investment safe if decisions are made wisely.
For learning purpose trading in file (but only of reliable developers) is better. To remain safe it is very important that you should have sufficient funds to pay the installments in time. You may sell a file when ever there is good profit but selling in panic situation disturbs the investment a lot.

Now coming to your questions:

1. The file would NOT be included in the balloting if all due installments (including surcharge if any) are not paid. Meaning it is mandatory to pay the installments. Moreover, as per Terms and Conditions of Bahria Town, a file would be cancelled if two consecutive installments are unpaid. Bahria Town has right to keep all the paid amount when a file membership is cancelled. Every member (buyer of file) agrees with it by signing the application form. I know that dealers give many logic and they assure the buyers that there is no need to pay installments but you should know the exact situation and make decision after understanding all the aspects.
2. I would go for Sector F of Bahria Town as it has shaped up now. We have no (official) information about Bahria Green Valley but location of Sector F could be visited and lot of development is seen there. Ups and downs would be different for both of projects but at present Sector F seems more safe and rewarding.

Good Luck!

(Hussain Kaisrani)