Hi all,
Firstly this is my first post and so would like to thank you all for the valuable knowledge gained through perusing the various topics on here. A couple of months back I purchased a 1 Kanal plot on installments in Sector C - price 16.5 million.
The plot file has now been closed and the installments are due to commence in January.
The question I have is that is it imperative to pay all the installments if the plot is being held as an investment? I was hoping to hold it for 6 months to 1 year.
Is it advisable to hold it longer? Would a potential buyer be concerned with the all the installments not having been paid and on time? I understand there are penalties associated with the delays.
Many thanks for your help with this.
Regards, Salman