Lahore is the ideal blend of pristine beauty and modern conveniences. People travel from all over the country to this so-called “city of gardens” to take advantage of its amenities. Along with its parks and natural surroundings, this lovely city is also known for its cuisine and culture. You will fall in love with it after getting to know it because of how rich its culture is. Many claims that once you’ve been to Lahore, you won’t want to leave because it’s such a beautiful city. The top educational institutions and medical facilities are located here, and a large number of students and patients come to study and receive care. It is also one of the best locations for any kind of business.
As you might have concluded already, Lahore is definitely one of the best cities, if not the best city, for any kind of investment. You can get many amenities and that of high quality as well. All kinds of amenities make it so compatible with all kinds of property types as well. These properties thrive well here in this well-functioning city. But even if you decide to invest here, where would you do it? So let’s talk about one of the elite mixed projects in Lahore, Bahria Town!
Bahria Town Lahore
There is no way you may have not heard about Bahria Town as it is that popular here. It is considered so elite and luxurious that not everyone can secure a property here that easily. It is like an elite community loaded with so many luxurious amenities and services. Some of the greatest properties in the entire city are available in Bahria Town. The project’s developers want to provide their investors with an experience that will change their lives.
The third-largest mosque in Pakistan, the Bahria Grand Mosque, is located in Bahria Town Lahore. The Bahria Town Group owns it. It is situated on Canal Bank Road. One of Lahore’s top landmarks is conveniently accessible from this location.
Gated community, boundary wall, round-the-clock high security, CCTV cameras, 24/7 electricity, solar power plants, water filtration plants, carpeted roads, graveyards, parks, educational institutions, healthcare facilities, and a lot more are just a few of their features. Bahria town Lahore is one of the best housing societies in Lahore.
A Guide To Invest in Bahria Town Lahore
Now that you are aware of how much of a brilliant society Bahria Town Lahore is. So here is the guide you need if you want to invest here but are confused about how to go about it. Let’s discuss how to make investments in Bahria Town Lahore!
Required Documents
There are some documents that you first need to make sure to be ready at all times in this process. These important documents that are required are listed down below:
- Two Passport-size Photos of the Buyer
- Two Passport-size Photos of the Seller
- Copies of Each Party’s CNIC
- Original CNICs for the Buyer and the Seller
- Copies of the Buyer’s Nominee’s CNIC (Next of Kin)
- Transfer Set
- Allotment letter for Bahria Town or transfer receipt (in case a letter was not issued)
- Receipt for the Transfer Fee in a Bank
- Bank deposit receipt of any outstanding charges
- NDC of Bahria Town (No Demand Certificate)
- Certificate of Clearance from Bahria Town Services (for Houses, Apartments, and Shops)
Transfer Set
Transfer set is not that costly. The transfer set includes:
- Copies of the CNICs for the Nominees, Buyer, and Seller.
- Filled Out on the Bahria Town Property Transfer Form.
- On PKR 100 stamp paper, there must be an undertaking by the buyer
- An affidavit signed by the seller on PKR 20 stamp paper.
Applying for Bahria Town NDC
No Demand Certificates, or NDCs, are essentially documents that specify the precise amount of a transfer charge. It also contains any other unpaid debts against the property in Bahria Town. The seller only needs to fill out a form at the Customer Support Center to apply for this document. You should apply for the NDC before the transfer date because it takes around 48 hours to be issued.
Property Transfer Process
The following is a list of actions that the buyer and seller must do on the day of transfer when both parties are present at the Bahria Town headquarters or customer service center:
- The buyer will place the transfer fee in a deposit box at the bank.
- Seller will have evident late fees (if any).
- Grab a token from the token dispenser for the relevant counter, then wait for your turn.
- Present all paperwork at the desk.
- In front of the counter person, the seller will first sign the necessary papers.
- After the seller, the buyer will sign the necessary paperwork.
- At the location, photos of both parties will be taken.
- The transfer documents must be signed in front of two witnesses.
- Then, the buyer issues the vendor purchase order.
- The buyer will receive a transfer receipt in the case of a general transfer.
- An allocation letter is delivered to the customer in around 7 or 8 days.
ALSO READ: BAHRIA TOWN VS DHA Lahore
There you have it: A Guide To Invest in Bahria Town Lahore. Hopefully, this information helped you learn more about it. If you liked what you read, explore more on our website and share it with your friends!