Victim of World Trade Center - DHA-2 Islamabad?

Buying Property General Advice
#61

Dear Mansoor,

Dealer sent me and it good for long term investment.

Giga Group is going to present Giga Mall Extension after successfully delivering milestone commercial and residential projects in Dubai and Pakistan.*

After Giga Mall's success, the Giga Group will soon launch Giga Mall Extension. It will consist of 28 floors of shopping, recreation, entertainment, leisure, lifestyle, and work. A beautifully designed mosque will also be built right on top of the building with breathtaking views of the twin cities. It will have a state of the art cinema, kid's play areas, grand atrium up to 23rd floor, connected with the help of escalators for easy access to all levels. The unprecedented structure will be connected with the D-Mall through Giga Mall, making a chain of buildings to shop, dine or relax. The Giga Extension project is sure to add a new apex to Islamabad's ever-growing skyline.

Don't miss this golden investment opportunity to book your shop in Giga Mall Extension at Special Pre-Launch Rates located at prime location of Main GT Road, Defense Housing Authority (DHA) Phase II Islamabad.

Direct Entrances from operational World Class Shopping Mall GIGA MALL

#62

Ilyas Khana wrora , in fact it was more of a seeking advise then my calculations input , your input is most welcome and valuable , I am just Newby in commercial compare to your vast experience , so please share your thoughts meanwhile we wait for Isloo sb boat anchor site

#63

Ilyas khana, Akhtar Mubarik Sha.

Eid Mubarik everyone.

Freedom: Indeed there is lot of freedom in rowing your own Dhow than to own a cabin in 10-story Cruise Ship!

My investment in WTC: No, but my source has first hand info and been through all ups and downs and knows inside out.

Congratulations on successful investment. In this hour of doom and gloom, 100% price growth is a great achievement. Allah aur barkat dey.

FWO: No matter where you go, you're still at home!

#64

Isloo 1 roora, Yaw Jehan Manana ( bundle of thanks)....

@Sohail Khana roora, Isloo 1 sahib is always sailing in the mid of the sea and he never lets anybody standing on shore know where his boat will get anchored... :)

#65

Dear All,

I wish if the threads on the same topic continue in a responsive manner so that the viewers have a better followup on the same discussions (who is who and what is his response in continuation to a question)

Yet, I would suggest those who are marketing their bets on these flashy high rise malls, please share the lease agreement of the Algurair Giga Mall on this forum, so that everyone knows the truth.

I have read and understood the lease agreement rules and regulations point to point, I don't have the copy else I would have shared it on the forum. Yet those who are calling me wrong, may share the lease agreement to prove me wrong.

I think, here in this forum a lobby is sitting to portray or publicize the shopping malls (maybe they are the paid agents working on behalf of the mall's owners).

After all, its Zameen.com, someone has to attract potential investors.

My moral responsibility allows me to share my experience and inform fellow countrymen, it's their decision to do whatever they want.

#66

@Naveed sb,

You are right about thier agreement terms and usually we sign on daily basis long complicated terms by just considering as all fine or pressing accept button, usually all such projects having very one sided terms but this always needs to be clarified, I had also some reservations on thir terms and please see below what they confirmed in writing.

1- Under the SALE AGREEMENT the purchaser reserves the rights the rights to Sale his/her unit or rent out. You will be the solely owner of the UNIT and have the rights at all aspects.

2- Booking form is our FINAL AGREEMENT between developer and purchaser and the term in the agreement are favoring both the Developer and as well as the Purchaser.

3- Additionally charges means connection charges or Utility charges which is levied on purchaser and any Developer.

4- AGGPL will provide you Possession of the UNIT after completion of the project and title document of the UNIT shall be transferred on your name from DHA ISLAMABAD.

Please it will be nice if you share exactly as what happened wrong between you and comapny.

#67

@Naveed sb,
You are right about thier agreement terms and usually we sign on daily basis long complicated terms by just considering as all fine or pressing accept button without even reading, usually all such projects having very one sided terms but this always needs to be clarified, I had also some reservations on thir terms and please see below what they confirmed in writing.

1- Under the SALE AGREEMENT the purchaser reserves the rights the rights to Sale his/her unit or rent out. You will be the solely owner of the UNIT and have the rights at all aspects.
2- Booking form is our FINAL AGREEMENT between developer and purchaser and the term in the agreement are favoring both the Developer and as well as the Purchaser.
3- Additionally charges means connection charges or Utility charges which is levied on purchaser and any Developer.
4- AGGPL will provide you Possession of the UNIT after completion of the project and title document of the UNIT shall be transferred on your name from DHA ISLAMABAD.

Please it will be nice if you share exactly as what happened wrong between you and comapny..

#68

Mr Naveed must come in clear, his comments are highly confusing and negating the highly respectable forumers.

Naveed must present some document proof to clear all this mess, in which I am also a victim on my posts!

#69

Dear Naveed,
Sohail Khan shared agreement who one of investor over there.About me i shared to AQ sab with proof who our respectable member as i purchased resale shop.
What about your sad story?As i requested you please share so all of we will try to resolve your issue as i already meeting with management regarding your issue.Please read what i asked you?

I think, here in this forum a lobby is sitting to portray or publicize the shopping malls (maybe they are the paid agents working on behalf of the mall's owners).

Very short answer for your words.You get respect when you give respect. That's how you get respect.
Regards

#70

If anyone owns a property in WTC and he is truly affected in some ways then this person will at least:

a) have correct information about the project; and

b) will share some specific info on his case, (if not publically, then at least privately to someone).

Launching personal attacks on those who are well-meaning and truly want to help, indicates the low character, a sheer disgrace.

Ilyas sb: why is that when people run out of logic and facts, always resort to piety and/or patriotism.



#71

Isloo 1 and the only 1 buddy of ours!

I am not a wise man to adress your brainy question but i know one quote of a kafir baba ji , Robert Tew.

" Do not let negative and toxic people rent space in your head. Raise the rent and KICK THEM OUT"


#72

Thank you Ilyas bro, I'll print this quote in large font and put it in front of me. This is one advice I keep forgetting.

#73

Dear All,

I don't want to argue with those who are getting personal and demonizing the real victims of these flashy and attractive (Giga Mall WTC etc) malls scams. (As the title of this forum is "Victims of WTC)

Those asking me personally to provide proof of victimization and advising me to meet the administration of Giga Mall should at least get the lease agreement (which is off-course, not a four-point easy peasy agreement,) and share it on this forum.

So that each and everyone can comment and then decide about the fate of their investment.

I know very well that if I want the solution, it will not be a piece of advice to meet the management of WTC but instead it would rather be a Court case against the Giga Mall WTC authorities.

My whole point is to emphasize to all the readers, that do not go blindly investing in these flashy, high-fi, attractive, and mind-blowing designing miraculous Shopping Malls.

They will squeeze your hard-earned fortune and tightly bind you in their agreements and regulations, where you do not have any authority our your property.

Last but not the least, If my words have hurt someone's feelings, I sincerely apologize to them.

(PS: Please don't tell me to provide proof of my words as only the lease agreement tells the truth of the matter in the whole discussion of the thread)

#74

Yes…I have had some strange and shifty dealings with Al ghurair and shop changing numbers. If you want to create a WhatsApp group because I might take them to court at some point. I have possession but now a new manager says you dont actually own a shop but just space…crazy and fraudulent.

#75

Naveed sb

Since you brought up the topic, you have moral obligation to come in clear as people want to help you.

Nadeem bhai immediately sent me some legal papers and made a point exactly not matching than what you are presenting, sir!

#76

نوید صاحب، شاید اردو میں لکھنے سے بات کچھ اور واضع ھو جاۓ

دراصل ھم سب الغوریر گیگا کی چالاکیوں سے خوب واقف ھیں کہ کس طرح وہ انویسٹرز کو بھلا پھسلا کر اور ڈرا دھمکا کر اپنا فائدہ حاصل کرتے ھیں۔ لیکن اگر آپ اپنے حق کیلیٔے مضبوطی سے جمے رھیں اور ان کی باتوں میں نہ آئیں تو وہ کچھ نہیں کر سکتے۔ آپ کی پراپرٹی کے آپ خود مالک ھیں۔ ہاں یہ بات درست ہے کہ ایک پروجیکٹ کاحصہ ہونے کی وجہ سے آپ پر کچھ زمہ داریاں ہوں گی جیسے کہ ماھانہ مینٹیننس چارجز اور کچھ اصول و ضوابط جس میں رہ کر آپ اپنی دکان چلا سکتے ہیں یا کرأے پر دے سکتے ہیں۔ جبکہ مال سے باہر کسی کمرشل پلازہ میں شاپ لینے پر یہ پابندیاں نہیں ھوتیں۔ اور یہ پابندیاں ہی مال کی شاپ کو خاص بناتی ہیں جس کی وجہ سے اس کی قیمت اور کرایہ باہر کسی کمرشل کی شاپ سے عام طور پر زیادہ ہوتا ہے۔

اور اب آتے ہیں لیز ایگریمنٹ کی طرف۔ تو اس بارے ندیم اور سہیل صاحب، جو ان تمام مراحل سے گزر چکے ہیں، آپ کی بہتر رہنمائ کر سکتے ہیں۔ آپ اپنے ایگریمنٹ کی شرائط و ضوابط انہیں براہ راست ای میل کر دیں، وہ آپ کو فون یا ای میل پر بہترین مشورہ دیں گے، انشااللہ ۔

شکریہ۔

#77

Sohail Khan



Thankyou for your Post above but you say that DHA will give a title document. I have a shop on the 2nd floor and all I got was a one sided lease agreement. That's my only proof that the shop is mine. Are we supposed to get another document officially from the Government? Now AGG are saying no payment for April and May and half for June and July. They have also ridiculously mentioned that nobody owns a shop and that rent is paid only for space bought.....Exactly, crazy right. I'm lucky I have some weight behind me but I'm sure they are trying to con many. If anyone is in a similar position....please message me.

Btw how can they keep changing plans and shifting your shop number and then say actually you own some space. But that's ok because I have it on agreement and the shop number is named. I guess what I am officially after, is registration with the government.

#78

All over the world, mega malls are evaluated space per dollar earning ratio. Each inch of space is accounted per the same formula. Big commercial hotels follow the same monetary calculations. Mega malls even calculate the pathways sq inch wise and try to compensate that non-earning area by providing cabins on time based mall contracts to small parties.

This is no secret but the problem here in Pakistan, Mega malls managements are not honest to the buyers.

They know plazas may fail in bzness as we have seen best located plazas did not attract the renters for years!

In sadar Pindi Japan plaza remained abandoned for years.

Rafe mall on Peshawar road took long time to yield income.

So the new towers has to tell lies on the down payment stage to get money and who will ask them later if they cheat?

Where is regulatory authority of those towers/ mega malls?

Not only that: Do we have any clause in sale deed to deal with the natural calamities, such as fire, quake 100 year rains?

terrorist attacks, malpractices in construction such as margalla tower in the capital?

#79

All over the world, mega malls are evaluated space per dollar earning ratio. Each inch of space is accounted per the same formula. Big commercial hotels follow the same monetary calculations. Mega malls even calculate the pathways sq inch wise and try to compensate that non-earning area by providing cabins on time based small contracts to small parties.
This is no secret but the problem here in Pakistan, Mega malls managements are not honest to the buyers.
They know plazas may fail in bzness as we have seen best located plazas did not attract the renters for years!
In sadar Pindi Japan plaza remained abandoned for years.
Rafe mall on Peshawar road took long time to yield income.
So the new towers has to tell lies on the down payment stage to get money and who will ask them later if they cheat?
Where is regulatory authority of those towers/ mega malls?
Not only that: Do we have any clause in sale deed to deal with the natural calamities, such as fire, quake 100 year rains?
terrorist attacks, malpractices in construction such as margalla tower in the capital?

#80

I expressed same concerns on this very thread some 2+ months ago, i.e., day light exploitation of buyers rights by these so called developers no matter how big or small the magnitude of their projects.


At that time it was termed pretty much along the lines as 'Guy with No Investment Commenting on Project and it's Developers as Negative Criticism'

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