Karachi: The Karachi Development Authority (KDA) has decided to do away with the city’s traditional agent-and-broker system in an effort to curb agents’ involvement in people’s property-related matters – and to streamline the authority’s services-delivery process, according to news sources.
As per the going practice, people visiting the KDA office tend to seek assistance from agents to process all their real estate documentation work; for a fee ranging from PKR 7,000 to PKR 25,000. These brokers, many of whom continue to be stationed outside the authority’s official Civic Centre site location, thereafter take up to three days to get their commissioned work done.
Their offered services include providing facilitation for the processing of property transfers/mutations, leases, certified copies, rectifications of plot leases, and no-objection certificates (NOCs) for plot subleases.
The KDA Director General, however, has now issued directives to all authority officials to refrain from entertaining any applications brought in by agents.
Furthermore, the authority plans to provide formal licenses to agents and brokers against the payment of a deposit fee; should they wish to continue aiding people (their clients) who cannot visit its office on multiple occasions or within working hours.