LDA Checklist for buying a property in Lahore

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Description

Are you ready to buy a property in Lahore? Buying a property is one of the most significant financial decisions you’ll make in your lifetime.

There are, after all, a lot of things to consider. You need to figure out prices and the authentication/verification of the plot you are investing in.

You are always intended to buy legal property that is duly approved by the legal authorities.

Lahore Development Authority (LDA) has published a thorough checklist of the things you must figure out before selling or buying property in Lahore.

The details along with the explanation are mentioned below. By carrying it out, you can invest in any type of housing scheme.

Investigate housing scheme

Don’t get distracted by the flashy advertisements, attractive booking offices, and inspiring brochures that get in your head. Take some time and search the housing scheme approval or authentications.

Take a trip, explore the location

LOCATION MATTERS ALOT-  Always visit the location of your housing scheme and perform a thorough survey. You’ll want to be sure that your property has easy access to your work.

Verify development or hidden charges

In the majority of the real estate advertisements, development charges are not mentioned. To avoid additional charges surprise later, obtain a written detail of total development (inclusive or exclusive) charges before making the final purchase.

Confirm utility service availability

Confirm the availability of electricity, gas, water, landline, and sewerage utilities.

Check out the amenities

Amenities vary from society to society. It also varies to the nature of the property you are about to buy. The best approach is to take an on-site visit to make sure that you are receiving the said perks of your worthy investment.

Additional Cost

Assure before the purchase that there are no additional charges, fees, and dues at any point in the future except those which are mentioned in the project administration written form.

Make Payment through Bank Draft

The best approach for any sort of property purchase and selling is to make through bank draft and save the receipt. Moreover, keep a record of the address and phone numbers of the housing scheme and its legal authorities.

Required Documents to check before buying plots

Lahore Development Authority LDA checklist also notes certain documents and issues that must be double-checked before buying plots in Lahore – details are as follows:

  • An approval letter NOC (no objection certificate) from the relevant authority
  • An approved map for the housing scheme
  • Total number of plots in the housing scheme along with the number of plots in each category
  • Details, along with plot number and block of the 20% plots within the project. 20% of the plots within a housing scheme have to be mortgaged with LDA, consistent with standard management procedures
  • Whether or not followed your plot is among LDA’s mortgage category
  • Is your plot listed on the approved map? Is it located on approved land?
  • Make sure that your plot is not situated within the area reserved for amenities plots e.g. masjids, schools, graveyards, community centers, and hospitals.
  • Ensure that the housing scheme is not accused of any kind of fraud or there are no cases registered against the housing scheme in any court of law

Are you interested in buying a property in Lahore? Do you have any concerns or questions? Feel free to share in the comment section. For property dealing, guidelines, and assistance, feel free to reach our professionals here.

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