{"id":48834,"date":"2019-02-07T16:35:49","date_gmt":"2019-02-07T11:35:49","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48834"},"modified":"2019-02-11T12:09:30","modified_gmt":"2019-02-11T07:09:30","slug":"societies-to-share-details-on-property-allotments-transactions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/societies-to-share-details-on-property-allotments-transactions.html","title":{"rendered":"Societies asked to share details on property allotments, transactions"},"content":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has chalked out a plan to ban the ownership of plots under the open transfer letter mechanism \u2013 a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/benami-act-to-finally-come-into-effect.html\">Benami Act to finally come into effect<\/a><\/p>\n<p>To facilitate this end, the civic agency has sought allotment letters and details on property transactions from private housing schemes.<\/p>\n<p>LDA has tasked the officials of its metropolitan planning department to seek the records of 112 approved housing schemes. The officials concerned will notify the developers of schemes falling under LDA\u2019s jurisdiction.<\/p>\n<p>The federal government recently <a href=\"https:\/\/www.zameen.com\/news\/plot-ownership-under-open-transfer-letter-banned.html\">prohibited the ownership of plots<\/a> under the open transfer letter mechanism. It also directed housing societies nationwide to cancel any registrations made under the said arrangement.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/digitisation-of-lda-schemes-records.html\">LDA to digitise records of housing schemes<\/a><\/p>\n<p>The orders make it mandatory for the schemes in question to register the buyer\u2019s name in the transfer deed. Moreover, the ministry wants these orders implemented within a month\u2019s timeframe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has chalked out a plan to ban the ownership of plots under the open transfer letter mechanism \u2013 a news source reported. Read:\u00a0Benami Act to finally come into effect To facilitate this end, the civic agency has sought allotment letters and details on property transactions from private housing schemes. LDA has tasked the officials of its metropolitan planning department to seek the records of 112 approved housing schemes. The officials concerned will notify the developers of schemes falling under LDA\u2019s jurisdiction. The federal government recently prohibited the ownership of plots under the open transfer letter mechanism. It also directed housing societies nationwide to cancel any registrations made under the said arrangement. Read:\u00a0LDA to digitise records of housing schemes The orders make it mandatory for the schemes in question to register the buyer\u2019s name in the transfer deed. Moreover, the ministry wants these orders implemented within a month\u2019s timeframe.<\/p>\n","protected":false},"author":67,"featured_media":47502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10343],"persona":[],"class_list":{"0":"post-48834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-societies-to-share-details-on-property-allotments-and-transactions"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Societies asked to share details on property allotments, transactions - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Lahore Development Authority (LDA) has chalked out a plan to ban the ownership of plots under the open transfer letter mechanism \u2013 a news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/societies-to-share-details-on-property-allotments-transactions.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Societies asked to share details on property allotments, transactions - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Lahore Development Authority (LDA) has chalked out a plan to ban the ownership of plots under the open transfer letter mechanism \u2013 a news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/societies-to-share-details-on-property-allotments-transactions.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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