Buying a property involves various costs, including possession & utility charges. These charges are essential for availing of the amenities and services offered by the housing society. Bahria Town recently announced an update regarding these charges in its Lahore projects.
Bahria Town has set the date of 1st March 2023 for submitting possession charges. According to the recent announcement, the due date for possession & utility charges has been extended to 1st April 2023. If you apply for possession before the due date, you must pay the old utility charges. However, if you pay after 1st April 2023, you must pay an increased utility charge of 50%. This means that the costs will be increased by 50% after the due date of 1st April.
- For 10 marla plots, the current Possession & Utility Charges are PKR 622,000. However, after the due date, these charges will be PKR 933,000.
- Similarly, for 1 Kanal plots, the charges are PKR 726,000, which will be PKR 1,088,000 after the due date.
- The Possession & Utility Charges for 5 marla commercial plots are PKR 1,157,000, which will be PKR 1,736,000 after the due date.
- For 8 marla commercial plots, the current Possession & Utility Charges are PKR 1,356,000. However, after the due date, these charges will be PKR 2,034,000.
It is important to note that these charges are subject to change and may vary based on the location and type of property you buy.
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In conclusion, if you are looking to buy a property in Bahria Projects, the possession & utility charges update must be kept in mind. If you apply for possession before 1st April, you can save money by paying the old charges. However, if you pay after the due date, you must pay increased costs. Hence, plan your purchase accordingly to avoid any financial burden.
CDB Properties can also help you clear your dues so that you can take advantage of this surcharge waiver. For overseas Pakistanis, we are providing such services free of charge.
For more details, contact us. We are open to answering all real estate-related queries. And for further information, stay tuned with CDB Properties.
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