Today, we bring your attention to a matter of paramount importance; which is the last chance for files activation in Lahore Smart City. Reading this blog is a mandatory activity for you if you are an investor in Lahore Smart City.
Public notice amid Last Chance for Files Activation in Lahore Smart City
Files on 10 % till 30 June 2022 were canceled in the month of January 2024. However, many have not taken this announcement of cancellation seriously. They anticipated that it would be extended and they failed to deposit 10 % confirmation along with two installments.
In good faith, we have adopted a client-friendly attitude at the request of members and sales partners. We are again giving a last chance to all those members whose files have been canceled due to non-payment. All these members have failed to submit their confirmation amount along with two installments.
Now all these members are advised to submit their undischarged dues along with two installments by 4th March 2024 to activate their files.
Mandatory Note:
Please consider this as a final chance to avoid any cancellation.
Potential Consequences to not avail Last Chance for Files Activation in Lahore Smart City
If a client fails to meet the last deadline to discharge his dues, he may face the following potential consequences.
Loss of investment
The customer may lose the money already paid towards the plot as part of the installments. This could include any initial down payment or previous installments made.
Forfeiture of Rights
The cancellation of plot allotment typically means that the customer forfeits their right to the specific plot they had chosen. The housing society may now be free to reassign or resell the plot to another buyer.
Financial Penalties
Depending on the terms and conditions of the purchase agreement, there may be financial penalties. Additionally, there may be extra charges associated with the cancellation of the plot File. These could further contribute to the financial loss for the customer.
Impact on Credit Scores
If the purchase involved any form of financing or credit, the cancellation and failure to meet payment obligations may negatively impact the individual’s credit score. This could have repercussions on their ability to secure loans or financial agreements in the future.
Legal Consequences
The housing society may have the right to take legal action to recover outstanding payments. Moreover, they can go for the enforcement of the terms of the agreement. This could result in additional legal costs for the individual.
Reassessment of Housing Options
The individual will need to reassess their housing options. This may involve looking for alternative residential plots or exploring other housing arrangements. It may turn into a more challenging situation depending on their financial situation.
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.