Quote:
Originally Posted by Sa1eem
Did you read my post? 
Well, believe me, you are confused about market value of land 
Anyhow, let me tell you something. Worth of any land is dependent on permission of use for that land. If government would like to sell Faisal Mosque (Islamabad) with conditions that it cannot be demolished, purpose of Faisal Mosque use would not change, no shops or selling would be allowed on the Faisal Mosque premises, than Faisal Mosque would be worthless and land Faisal Mosque is built would be useless too.
Same is true for land PSM is built. The land is valueless unless government gives permission that owner of PSM could do anything with the land, even demolish PSM and convert that land into whatever they like. If that would not be the case than value of PSM would be dependent on what Steel Mill makes in profit (as Steel Mill is business venture, not charity for anyone who keep that Mill).
Other thing you should know is that, all lands used to build Steel Mill is leased land (on 100 years lease) and has permission for only one use (Steel Mill), so land has to be valued with that in mind and that means, it has at most nominal value. |
You should also know that the lease land does have a value of itself and in this scenario the leased land was fof 7000+ hect. having lime and someother minerals, near Thata dist.
whereas the 18000+ hect was/is wholly owned by the steel mill.
let me tell u buddy, the group i use to work for was interested in the transaction and i was part of the team which performed the due deligence of the steel mill.
We never presuaded the case , when we were informed by our soruces that Arif Habib Group will get the deal, so join, means corruption from the very beginning. we informed our superiors about the corruption and moved away, So instead of wasting time on this venture we moved on other business.