{"id":57668,"date":"2019-11-17T10:00:01","date_gmt":"2019-11-17T05:00:01","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57668"},"modified":"2019-11-19T10:29:07","modified_gmt":"2019-11-19T05:29:07","slug":"lda-to-ban-property-transfer-for-owners-defaulting-on-commercial-fees","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-to-ban-property-transfer-for-owners-defaulting-on-commercial-fees.html","title":{"rendered":"LDA to ban property transfers for owners defaulting on commercialisation fees"},"content":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has decided to place a ban on property transfers pursued by owners who fail to pay their due commercialisation fees, a news source reported. According to the statistics shared by the development authority, it has yet to recover PKR 1.25 billion in pending commercialisation fees from defaulters.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/lda-to-lift-commercialisation-ban-on-seven-major-roads.html\" target=\"_blank\" rel=\"noopener noreferrer\">LDA to lift commercialisation ban on seven major roads<\/a><\/p>\n<p>To recover the dues, the authority will prohibit commercialisation fee defaulters from selling their properties and\/or transferring them in someone else\u2019s name. LDA Director General (DG) Usman Moazzam recently shared the standard operating procedures (SOPs) in relation to these proceedings, according to which owners cannot transfer their properties without clearing their fees with the authority first.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/lda-to-increase-commercialisation-building-plan-charges.html\" target=\"_blank\" rel=\"noopener noreferrer\">LDA to increase commercialisation, building plan charges<\/a><\/p>\n<p>DG Moazzam has instructed the LDA Directorates for Commercialisation and Recovery to prepare listings of people defaulting on commercialisation fees. In turn, these lists will be provided to the LDA Land Development Directorate \u2014 and also forwarded to the staff deployed at the LDA One-Window Cell. In addition, property-transfer application documents submitted by the defaulters will now bear the comments of relevant LDA officials regarding the status of their pending dues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has decided to place a ban on property transfers pursued by owners who fail to pay their due commercialisation fees, a news source reported. According to the statistics shared by the development authority, it has yet to recover PKR 1.25 billion in pending commercialisation fees from defaulters. Read:\u00a0LDA to lift commercialisation ban on seven major roads To recover the dues, the authority will prohibit commercialisation fee defaulters from selling their properties and\/or transferring them in someone else\u2019s name. LDA Director General (DG) Usman Moazzam recently shared the standard operating procedures (SOPs) in relation to these proceedings, according to which owners cannot transfer their properties without clearing their fees with the authority first. Read:\u00a0LDA to increase commercialisation, building plan charges DG Moazzam has instructed the LDA Directorates for Commercialisation and Recovery to prepare listings of people defaulting on commercialisation fees. In turn, these lists will be provided to the LDA Land Development Directorate \u2014 and also forwarded to the staff deployed at the LDA One-Window Cell. In addition, property-transfer application documents submitted by the defaulters will now bear the comments of relevant LDA officials regarding the status of their pending dues.<\/p>\n","protected":false},"author":18,"featured_media":47403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13995],"persona":[],"class_list":{"0":"post-57668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-lda-to-ban-property-transfer-for-owners-defaulting-on-commercial-fees"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA to ban property transfers for owners defaulting on commercialisation fees - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Lahore Development Authority (LDA) has decided to place a ban on property transfers pursued by owners who fail to pay their due\" \/>\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\/lda-to-ban-property-transfer-for-owners-defaulting-on-commercial-fees.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA to ban property transfers for owners defaulting on commercialisation fees - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Lahore Development Authority (LDA) has decided to place a ban on property transfers pursued by owners who fail to pay their due\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-to-ban-property-transfer-for-owners-defaulting-on-commercial-fees.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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