Stop scrolling and pay heed to this warning issue described in the Kingdom Valley Islamabad File Conversion Notification. Amid the ongoing real estate recession in the country, almost every housing society is canceling the plot files.
The basic reason behind this act is the get pending payments from non-serious and irresponsible customers. In a similar way, the Kingdom Valley Islamabad has taken the initiative to cancel and convert such plot files.
Read this blog till the last line to get every detail of the notification.
Detail of Kingdom Valley Islamabad File Conversion Notification
As it is up to your knowledge the old rate of the 5 Marla plot in Kingdom Valley Islamabad with a price tag of 9,75,000 /- has been converted to a new rate of PKR 22,00,000 /-. Along with prices of all categories, plots have been shifted to a new rate.
Now if you want to pay according to the old rates, you should have to pay at least 40 % of the old rates. You can pay the payment of the plot at old rates according to the following pricing chart.
|
Cost of Land
|
40 % Amount |
Down Payment |
Maximum Available Discount
|
|
975,000 /-
|
3,90,000 /- |
1,17,000 /- |
2,73,000 /-
|
Mandatory Note :
- In all these categories, the discount will be limited to only 40 % of the total amount.
- This offer is for a limited time only.
General responsibilities of Kingdom Valley Islamabad File Conversion Notification
When customers purchase plot files in housing societies, they enter into a contractual agreement with the society. It’s crucial for customers to understand and fulfill their responsibilities to avoid any cancellations or legal complications.
Here are some general responsibilities customers should consider:
Payment Obligations
- Pay all installments on time as per the agreed-upon schedule.
- Clearly understand the payment terms and deadlines stipulated in the agreement.
- Keep track of installments’ due dates and ensure timely payments.
Documentation and Information
- Provide complete and accurate personal and financial information during the application process.
- Submit any required documentation promptly to facilitate the processing of the plot file.
Communication
- Inform the housing society in advance if there are any foreseeable issues with meeting payment obligations.
- Communicate any change in contact information to ensure that the society can reach out when necessary.
Adherence to Society Rules
- Follow the rules and regulations set by the housing society.
- Be aware of any specific conditions or guidelines related to plot file ownership.
Legal Compliance
- Abide by all legal requirements and obligations outlined in the agreement.
- Comply with any local or national laws governing property transactions.
- Understanding Cancellation and Conversion Policies
- Familiarize oneself with the cancellation policies outlined in the agreement.
- Be aware of the consequences of non-payment, including the potential cancellation of the plot file.
Seeking clarification
If there are any uncertainties or concerns, seek clarification from the housing society before entering into the agreement. It’s essential for both parties, the housing society and the customers, to clearly define their responsibilities in the contractual agreement.
In case of financial difficulties or unexpected circumstances, customers should proactively communicate with the housing society to explore potential solutions and avoid defaulting on payments. Open and transparent communication is key to maintaining a positive relationship between customers and housing societies.
Contact with Property Naama Group
If you have any queries about this topic or need any guidance about any real estate-related issue contact us.
Our Email address: Info@propertynaama.com
Oversees Clients (For Call Only):
UAN: +92 332 7777888
Overseas and Domestic Clients (For WhatsApp):
WhatsApp: 0331 0105531
Disclaimer:
The sole purpose of this blog is to save you from any future difficulty while dealing with property. Keep in mind the above information and share it with your friends and family circle. Please note that the information provided in this blog post is for educational and awareness purposes only and should not be considered as professional advice.
We are not responsible for any investment decisions made by our clients or investors based on the information provided. Our Consultants, highly recommend that you conduct your own research and seek the advice of a professional before making any investment decisions. Investing comes with risks, and it is essential to invest on your own responsibility.