Lahore Smart City issued an important notice about the cancellation policy

Lahore Smart City issued an important notice about the cancellation policy

As per the latest news reports, Lahore Smart City (LSC) officials have issued an important notice about the cancellation policy for pre-launch files including 2.66 Marla and 6 Marla commercial plots to deposit their dues by May 31, 2023. Moreover, If the file holder does not pay their deposits in the given time frame. As a result, the file is canceled.

Notice:

The file cancellation policy was announced by LSC Sales and Management Director Mr Mujeeb Amjad Khan. The Notice was informed to investors to update them about cancellation policies of the residential and commercial plots pre-launch files.

Read More : Lahore Smart City Latest Development Updates April 2023

The file holders of 2.66 Marla and 6 Marla commercial plots must need to pay their installments and down payment. In addition, investors should deposit a 20% payment by May 31, 2023, and receive an MS letter from the Society. If the investor does not submit a payment, the plot file will be canceled by the Authority.

Additionally, the file owners of pre-launch residential files must submit a 50% payment deposit by May 31, 2023, to avoid cancellation. Below are details on submitting a minimum payment for a residential plot pre-launch file.

  • 5 Marla (18-19 Lac)
  • 10 Marla (33-34 Lac)
  • 1 Kanal (54-55 Lac)

Read More: Lahore Smart City Announces 1st Balloting Date for Overseas 1 and Executive 1

Lahore Smart City is the 2nd smart city project in Lahore Pakistan. The project is brilliantly planned with a Smart Infrastructure theme and Contemporary Ideas. This smart City will be designed and developed by the well-known name Habib Rafique Group (HRL) in partnership with Future Development Holdings (FDHL).

It is ideally located in a prime location on National Highway (N-5), Kala Shah Kaku, Railway Station, and Lahore Bypass. LDA-approved housing society provide the best residents with smart facilities and lavish amenities for an elite lifestyle.

Stay connected to Red Marketing & Real Estate for more updates.

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