Lahore Smart City 3rd Ballot Update and Merging Policy Explained

Lahore Smart City 3rd Ballot Update and Merging Policy Explained May 2024

Lahore Smart City (Pvt) Ltd., addressed to their valued clients and sales partners. The letter extends gratitude to the stakeholders for their success and offers a third balloting opportunity for residential and commercial plots.

Lahore Smart City continues to be a hotbed of development, attracting aspiring homeowners and investors alike. As the project progresses, its policies evolve to ensure transparency and efficient plot allocation. This blog post delves into the latest updates regarding the third ballot for residential and commercial plots, with a specific focus on the newly introduced merging policy.

Eligibility for Lahore Smart City 3rd Ballot

Residential Plots

• Lahore Smart City has introduced a merging policy.
• To participate in the third ballot for residential plots, the following criteria must be met:
  • For general ballot eligibility, the file payment should reach 50%.
  • For choosing a plot of your choice, the file payment should be at least 60%.

Commercial Plots

• Similar to residential plots, commercial plots also have a merging policy.
• To participate in the third ballot for commercial plots, the following criteria must be met:
  • For general ballot eligibility, the file payment should be 40%.
  • For choosing a plot of your choice, the file payment should be 50%.

Merging Policy Limitations

• Merging can only be done up to a certain limit:
  • Residential: Up to 45% (i.e., if the file is paid up to 20%, an additional 25% can be merged).
  • Commercial: Minimum 35% (i.e., if the file is paid up to 20%, it can be merged up to 35%).

Here’s a breakdown of the key points in the letter:

• Lahore Smart City (Pvt) Ltd. is offering a third chance to participate in the balloting process for residential and commercial plots.
• To be eligible for the balloting, clients need to pay a certain percentage of the total value of the plot:
  • For residential plots:
    • General balloting acknowledgement slip: 50% payment required.
    • Choice location balloting acknowledgment slip: 60% payment required.
  • For commercial plots:
    • General balloting acknowledgement slip: 40% payment required.
    • Choice location balloting acknowledgement slip: 50% payment required.
• The remaining balance can be paid through cash, pay order, or online deposits.
• Partial payments are not accepted.
• The last date to avail this offer is 5th June 2024.

READ MORE: https://lahorerealestate.com/lahore-smart-city