Lahore Smart City (LSC) is a renowned real estate project for housing needs. The management has issued an explanatory guide addressing the confusion among its clients. The plot buyers who participated in the second balloting process earlier this year (February, 2023) have concern about the ambiguity regarding the payment percentages. This detailed clarification is on the matter, providing relief to its clients, investors, and stakeholders.
What to Do If You Have or Not Paid 40% or 50% Earlier?
The news is about the clients who paid installment in second balloting of LSC in February 2023. They were presented with the option to pay either a 40% and get computer allocated plot or pay 50% and get plot of their own choice. However, a number of clients are confused regarding their financial payments. To move forward, specifically whether they need to pay the remaining 60% or 75% to maintain eligibility.
In response to these concerns, LSC has announced its latest policy to provide clarity on the payment requirements. In the newly released statement the clients who have previously submitted either a 40% or 50% payments don’t need to pay the additional 60% or 75%. This policy aims to ease the financial burden on clients.
Ineligibility Factors For Plot Balloting
It is important to note that while clients are not required to pay the higher percentages for the second balloting. However, those plot buyers who have any pending instalments or other payable amounts must settle to maintain eligibility for plot possession. So, if your any instalment is unpaid, Grace Period is here. You need to pay the dues as earlier as you can within the Grace Period. This approach ensures a fair and transparent process for all clients.
What is Grace Period Granted By LSC?
In a move to facilitate clients, LSC has introduced a Grace Period. The duration is from August 21st to September 2nd. During this period, clients have the opportunity to pay their outstanding instalments.
For those clients who could not or did not get acknowledgment slips in February have been given another opportunity to become part of balloting. They must pay 60% amount o become eligible for computerized plot allocation and 75% to get a plot of their own choice. This opportunity is from 21st August to 2nd September 2023. This proactive step by LSC shows the company’s commitment to fair plot awarding. They aim to offer its clients with flexible options for plot possession.
How LSC New Announcements are Beneficial?
The clarification and the introduced Grace Period have been warmly received by the LSC community. Its reception is treated as friendly concerns to provide clients with a clear path forward. This step indicates LSC’s dedication to client satisfaction. Likewise, it also enriches its reputation as customer-centric real estate developer in Pakistan.
LSC clients are encouraged to take advantage of the Grace Period to enhance their eligibility for the second balloting. With this comprehensive guide, LSC promises it clients for the ownership process with confidence, clarity.
For further information and assistance, clients are advised to reach out to LSC’s customer service channels or refer to the United Green Marketing—a Strategic Sales Partner of LSC.
