DHA Lahore
Files
Files are
the fastest most trading real estate commodities in real estate business since
times organizations started issuing for the first time. These are smaller but
lucrative investment options and it not only attracts the big investment houses
but also individuals with relatively smaller capital.
What
are files?
Files are
the preliminary stage of a plot. These are the rights that one buys against a
certain area of land without demarcation of location of that plot. While buying
a plot one pays for the location but in case of file one buys the rights of a
plot without knowing the location of a plot in certain phase.
How
it works at DHA Lahore:
DHA Lahore
never pays for the land that it purchases rather it allots files to the land
owner against the land that it has purchased. The land owner gets total of 4
canals rights against 1 acre of land that he sells to DHA.
The files that are directly allotted to the landowner from DHA are
called affidavits which land owner can sell at his choice to anyone at any
rates he wishes. Once the file has been transferred to another that file will
be called allocation.
After that DHA holds general balloting of those files and that
file number is assigned a plot number now the owner has the exact location
of the plot allotted against the file he purchased. The next step is to pay the
development charges on that plot, in easy quarterly installments.
Once development of that Sector is complete, DHA gives the possession
of the plots to the rightful owners which means they can build their home now.
Courtesy: DHA Lahore Real Estate News and Updates.
