HOW CAN I APPLY FOR LDA CITY NAYA PAKISTAN APARTMENTS?
According to a post published on the authority’s official Facebook Page on March 21st last Sunday. The Lahore Development Authority (LDA) has invited applications from March 24th for the allotment of 2,000 LDA City Naya Pakistan Apartments, each acquiring space over 650 square feet,
The public organization has advised the eligibility conditions for its LDA City Naya Pakistan Apartments project.
For availing of the said scheme, applicants must:
• Be employees of LDA, WASA, or TEPA either the Punjab government,
• Take-home salary of PKR 50,000
HOW TO APPLY FOR NAYA PAKISTAN APARTMENTS IN LDA CITY?
Applicants are required to fill in and submit the forms available at the official website of The Bank of Punjab (BOP) along with a processing fee of PKR 5,000 at any branch of the bank till April 18th.
The apartments will be allotted through a computerized ballot and the winner will get a letter of ease from the Bank of Punjab or designated bank. Each apartment unit will cost about PKR 2.7 million. Furthermore, the eligible applicants can also file a separate application for getting a PKR 3,000,000 subsidy from the Naya Pakistan Housing & Development Authority (NAPHDA). 35,000 apartments will be featured in The LDA City Naya Pakistan of which 4,000 units will be constructed in the first phase.
10% down payment will be paid by those applicants who got succeed in getting subsidy and the remaining applicants who are issued a letter of ease will be paying 21% down payments. The remaining payment will be payable after getting possession of the apartments in monthly installments.
The project is a joint venture between LDA and NAPHDA.