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LDA Avenue I,

(72052)
Thursday, May 10, 2012 08:59 AM 

Recently, I have purchased a plot in LDA Avenue. It was relay an impressive experience (A bit Lengthy 1 Month but Impressive). For guidance only I have gone through following steps for transfer;

1)Finalize the deal through any good property dealer

2)Check the physical Location of the plot and confirm that Road completed in front of the plot and no visible encroachment

3)Give token Max Rs. 10,000

4)Obtain Clearance statement from LDA office of the plot (Property Dealer may help you). Statement will show you

a)Total paid amount against the plot and balance outstanding (if there is any balance ask the seller to clear all dues)

b)If Plot is under litigation LDA will never transfer this plot

5)After obtaining the clearance prepare transfer set (Dealer will help You)

6)Give Biana Max 20%, write Agreement, singed transfer set by both Seller and purchaser, and submit the transfer set in LDA office as early as possible.

7)After 20 Days LDA will issue transfer fee challan. Deposit the challan in bank.

8)Give amount to Wasika Nawees for CVT and Stamp Duty 2% + 2%

9)After 2-3 Days Wasika Nawees will give you Stamp papers and CVT Challan

10)Deposit the all three documents in LDA office Johar Town and ask for transfer date

11)LDA will inform you and Seller the Transfer Date

12)At the transfer date both Seller and purchaser should present before transfer officer. After taking the photograph of both along with LDA official, make final payment to Seller.

13)After 3 days LDA will issue transfer letter on secured paper having photographs of both seller and purchaser along with LDA official

14)Pay Property dealer his commission

In all steps, Property dealer will always help you

NRP replied on Thursday, May 10, 2012 09:20 AM 

Such a lengthy process. Its mean, no overseas Pakistani can buy the plot in LDA avenue because all NRP have a very limited days to stay.

dxb replied on Thursday, May 10, 2012 09:50 AM 

One month and you are impressed by the process....what a joke!

Imran replied on Thursday, May 10, 2012 09:51 AM 

Yes it is a bit lengthy but safe from LDA which is good news. If LDA property transfer is safe that it will always give you better return in future because of the best locations of their schemes.

Lahori replied on Thursday, May 10, 2012 09:59 AM 

Ask from any property Guru

Following 3 things matters for property investment

1) Location
2) Location
3) Location

And LDA Avenue I has the best Location at this Price range in Lahore

kamran replied on Thursday, May 10, 2012 10:22 AM 

Dear lahori
How r u grading excellent in location? If LDA Aveneu then y not OPF, Izmir, DHA Rahber, T$T Abpara, Mohafiz town, I mean all around it.....ha ha ha... When ring road will complete it will lag behind in location. Then Fazaia, NFC-II etc will become excellent in location.
started in 2002 and after 10 years yet not possession.
If some kabza group personally taken the stay of a particular plot then wait for years......

Sajid replied on Thursday, May 10, 2012 10:46 AM 

I want to Buy 1 Kanal Plot In LDA Avenue 1 please someone can refer the reputable property dealer as LRE is not dealing with this society.

Lahori replied on Thursday, May 10, 2012 11:08 AM 

Dear Kamran

OPF-more Price Than LDA Ave
DHA Rahbar-More Pice, Hudraia drain Smell More distance to Thokkar
Izmair-More Price
Does not know much about T&T & Mohafiz

Observers replied on Thursday, May 10, 2012 11:58 AM 

Dear All

Check the Location of LDA Ave on Google Map and consider following and Judge himself

1) A single wall Seprates EME, Azmir, Jublee to LDA Ave Check Rates in EME, Azmir, Jublee

2) Distance from Approach roads like Raiwind Road, Defence Road, Khiaban a Jinnah, Multan Road, Motorway, LRR South Loop, Thokar future center for commercial activities)

3) Distance of other socities from Thokar and their Prices (because thokkar is a junction of all big roads, Raiwind Road, Multan Road, Motorway,Canal Road)

4) In LDA You can get 1 Kanal 18-25, 10M 13-18

5) All clear plots are on ground

stn replied on Thursday, May 10, 2012 02:17 PM 

which block is best for investment and wat is the range of one kanal plot prices there.

Khalid replied on Friday, May 11, 2012 08:07 AM 

Observer is right

Location/Price wise LDA Avenue has no match with other surrounding socities. My only issue is delayed posession. Howerver, if LDA gives posession this year the rates will definately be doubled.

Arshad replied on Friday, May 11, 2012 08:17 AM 

@ STN For 1K Block "A" "H" & "F" are the best for 10M Block "J" and Part of "M" (close to main road)are best
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