Lahore: The Lahore Development Authority (LDA) has advised buyers that they must submit their down payment by November 5 following the successful auctioning of commercial plots in LDA City Jinnah Sector, according to a Facebook post on the LDA’s official page.
According to the information provided, failure to submit the down payment by the deadline would result in the termination of the plot assignment. The authority additionally re-distributed the following payment schedule for the commercial plots:
- The buyers must pay a 20% deposit within 30 days of the auction;
- The remaining 80% will be due in two years; and a 10% discount will be given on a lump-sum payment.
In addition to this, LDA also intimated that no commercial activity will be allowed in places other than the designated area.