LDA City, a project spanning more than 60,000 kanals on Ferozepur Road, has attracted the attention of a number of property investors in Lahore. The update is that the Lahore Development Authority (LDA) has announced that investors can now apply to have their LDA City plot files transferred to their names.
According to a document available with Zameen.com, the transfer letter contains special security features and is designed to curb tampering and save people from fraud. The transfer process will take five working days to complete.
A separate office for LDA City has been set up in LDA’s central office in Johar Town. The file-holders concerned are required to submit an application form along with the receipts of related tax payments to the LDA City office. Application forms are available free of cost at the LDA City office.
So, the file-holders and investors must apply for transfer of the files to their name. This will allow them to trade the files freely in the market without fear of being caught in any fraudulent activities.
If you are going to invest in LDA City, you must be aware of the prices of plots in the locality. Given below is the payment plan* for 5-marla, 10-marla and 1-kanl plots in the locality:
| Plot Type | No. of Instalments | Down Payment | First 4 Quarterly Instalment | Last 2 Quarterly Instalments | Total Price |
| 5-Marla | 6 | Rs 390,000 | Rs 200,000 | Rs 150,000 | Rs 1,490,000 |
| 10-Marla | 6 | Rs 590,000 | Rs 325,000 | Rs 150,000 | Rs 2,190,000 |
| 1-Kanal | 6 | Rs 790,000 | Rs 590,000 | Rs 320,000 | Rs 3790,000 |
*The price details have been provided to us by Mr Asif Rasheed of Brick Line Estate.
Location Map:
Have a look at the location map of LDA City below:
Proposed extended boundary
The image below gives a fair representation of the proposed extended boundary of the LDA City. Perhaps, the LDA has plans to increase the area of the project in future.
This was all the information I have about LDA City for now. If you have any queries in mind regarding the transfer of files or any other matter concerning LDA City, please feel free to have a chat with me in the comments section below.
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we can compare this project with DHA Lahore (latest phases) or Baharia Town or at what category LDA city is…
thanks in advance for your expert advice.
Dear Mr Saqib,
The development in LDA will tell if the project can be compared with DHA or Bahria Town. Right now, plot files are being sold in LDA City, and DHA and Bahria Town both do the same.
Regards,
zain Nadeem
Well done zain,
I believe Punjab Government is taking a special interest to develop LDA City. Zain, I have purchased a 10 marla plot through Pak Estate, a development partner in LDA city. I have made the down payment so far and now the 1st installment is due in a week. But the documents that i have received says nothing about LDA. it mentions only the project name and Pak Estates. Also i have made the downpayment to Pak Estate, not to LDA. And now as per Pak Estate, I have to make all the payments to Pak Estate. All this sounds to me a bit fishy. I hope i’ll not end up loosing my hard earned money. Please guys have some input on concerns.
Regards
Tariq
Assalam o alaikum,
Dear Tariq Bhai,
As per I know, Pak Estate is one of the development partners. So, I don’t think there is any harm in paying the instalments to the developer.
This is my personal view. Please take an informed decision.
Rest ALLAH knows better.
Regards,
zain Nadeem
What are the Taxes for Transfer of Files. I first got intimation letter and then file from LDA in my own name. Do i still require any transfer?
Brother Zain
First of all thanks a lot for wounderful info sharing with us.
Question please
What are the Taxes for Transfer of Files & these taxes are also applicable to overseas Pakistani also. I purchase plot via local agent, I already got my intimation letter and then file as well thru agent which is showing my own name. Do i still require any transfer or what?
I have also purchased a plot on installments through star marketing, i think they will transfer the file on my name after all the installments are paid?
Can i trade the file if all the installments are not paid?
Thank you zain
I think you can trade the file even before paying all the instalments.
I have got one token one letter and one other file with some computer numbers my name etc.. Now what else i need?? What are the prices of 10 marlas now a days.. If they did not start development i will not pay in the end i guess..