As you have mentioned it seems it is a very good place to build the house, although you have not mentioned the sector where your plot is located. I have a house in sector 11 and wanted to sale and then I came to know that I need to pay 33% (not exactly sure about the %) of the differential price ( i.e sale price - the inflation adjusted CDA allotment price ) to CDA if I have to sale. I did not go for a probe since I thought it will not fetch me any good value. So I think it is not only land but also constructed house.
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