Under the new reforms of LDA, there will be no file-based sale, purchase of property from July 1
LAHORE – Thousands of property investors in Lahore may need to switch the buying and selling of plots as authorities move to end the long-standing practice of trading on property files.
The Lahore Development Authority (LDA) has announced that file-based property transactions will not be allowed in housing schemes under its jurisdiction from July 1. Instead, the transfer of plots in both public and private projects will be done only through property certificates issued under the Punjab Land Record Authority (PLRA) system.
The decision was finalized in a meeting chaired by LDA Director General Tahir Farooq and attended by senior planning officers, representatives of private housing societies, Abad, PLRA and Punjab Board of Revenue.
Housing schemes have been directed to transfer their records to PLRA’s Housing Societies Management System (HSMS) by June 30. Officials say the move is aimed at curbing fraud, improving transparency and giving buyers more confidence in property transactions.
Officials have also warned that societies that fail to adopt a digital system could face legal action. Under the new setup, housing schemes will be able to register and issue green certificates through an online portal, while each property certificate will have a QR code that will enable instant verification of ownership and property details.
The move comes in the wake of several major property controversies that have exposed flaws in the file trading process. Investigations in recent years have revealed instances of fake records, missing files and projects where sales of files exceeded the number of approved plots. In many cases, investors paid for properties that were never delivered, sparking complaints, legal battles and regulatory scrutiny.
Officials believe that the transition to a certificate-based digital system will help ensure that every property transaction is linked to authentic land records, reduce the risk of scams and increase confidence in the real estate market.
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The post Under the new reforms of LDA, there will be no sale or purchase of property based on file from July 1 appeared first on Daily Pakistan English News.
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