Lahore: On orders of the Supreme Court (SC), issuance of property files has been banned, a news source reported. In this regard, Board of Revenue (BoR) has sent notices to housing scheme developers in all towns.
In light of the apex court’s orders, BoR took important decisions on banning issuance of property files. Now, all housing societies located in District Lahore will follow the property registration system. The schemes have been directed to adopt the property transfer and registration system.
To implement the orders, Lahore additional deputy commissioner has instructed all registration branches to circulate notices. In following through, sub-registrars in nine towns have informed developers to obey the SC’s ruling.
With immediate effect, the developers are now required to implement the registration process. Additionally, they need to verify property registries. Details on the status of property files already issued by developers in Lahore are still awaited.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
