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.
The commercial plots will be allotted through 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 cancelled in cases of non-submission. The remaining 80% can be paid in quarterly instalments over the next two years. A ten-percent discount is also being offered to buyers who make the lump-sum payment.
