LDA City Policy chalked for transfer of commercial plots.

Lahore: The authorities have decided the policy for the transfer of commercial plots in LDA City and the fees that will be collected for the purpose – a news source reported. The LDA City administration has decided to impose a non-refundable fee at the time of application for transfer.

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The second ballot for LDA City Phase-I to take place on Friday

The commercial plots will be allotted through the ballot, auction, or under a joint venture. The fees for specific plots has been decided as follows:

Plot Size Non-refundable Application Fee (PKR)
8 marla 10,000
9-15 marla 15,000
Greater than 15 marla 20,000

Additionally, the allottees of the commercial plots will have to submit 20% of the unit’s total price within a month’s timeframe; with the allotment being canceled in cases of non-submission. The remaining 80% can be paid in quarterly installments over the next two years. A ten-percent discount is also being offered to buyers who make the lump-sum payment.

LDA City development charges at 50% discount to be collected soon

Moreover, the allottee will be able to obtain possession at a 75% payment after the development has been completed.