Lahore Smart City Members suffer cancellation of files when they do not pay their installments regularly. If you haven’t paid yours too, read on to avoid cancellation of your plot in Lahore Smart City.
Lahore Smart City, the second smart residential society in Pakistan, has gained immense popularity among the public and investors.
The society has launched residential and commercial plots of various sizes in its Overseas Prime Block.
project details: Lahore Smart City
Moreover, the development work is also in full swing. Ready-to-move-in Smart Villas, roads, streets, parks, and, other facilities are being developed at a faster pace.
learn more: LAHORE SMART CITY DEVELOPMENT UPDATE
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How to Avoid Cancellation in Lahore Smart City?
A member must keep paying their installments on the due date without any unnecessary delay, in order to avoid the cancellation.
However, due to the rising inflation and political instability within the country, the society has been giving relaxation to the members for submitting the dues. The society has now announced if the members fail to submit their payment before Last Date, their files will be cancelled.
Deadline for Submitting Payment
Members are required to pay up to 50% payment, to avoid cancellation of their plots, by 31st May 2023. If a member would fail to submit the required amount within the deadline, his or her plot will be cancelled.
See details in the following table:
| Plot | Required Payment | Deadline |
|---|---|---|
| 2.66 Marla & 6 Marla commercial | Deposit 20% payment (and collect MS letter) | 31st May 2023 |
| Pre-launch Residential files (e.g 18, 19 lac 5 Marla – 33, 34 lac, 10 Marla, 54-55 lac 1 Kanal) | Deposit minimum 50% payment | 31st May 2023 |
Should I invest in Lahore Smart City?
Lahore Smart City is an excellent investment option which has tremendous potential for large returns. With its uninterrupted development, credible developer, and quick possession, the project is a safe investment.
To decide whether you should invest in Lahore Smart City, see how the prices raised to render good return to investors, Lahore Smart City – Payment Plan And Latest Market Prices.
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