Faisal Town Phase 2 Open File Policy
Faisal Town Phase 2 is the latest project of Faisal Town Private Limited launched in 2022; hundreds of investors and end-users are connected with this project. Recently, the administration announced different policies for the members; they also announced Faisal Town 2 open file policy.
Faisal Town Phase 2 Open File Policy
The details of the open files are discussed below in detail, members with open files should go through them, as all of them are implemented on them.
- The fee for the open files is PKR 60,000/- in total (50,000 + 10,000), for 5 Marla plots having dimensions (25 * 50).
- Members who wish to open their files should clear all the outstanding dues, and pay 1 advance installment before proceeding with the procedure.
- Furthermore, the clients who pay 1 advance installment upfront will get a 5% discount from the administration.
Open File Transfer Policy
Members wishful of open file transfer should use a simple paper for undertaking statements. Furthermore, the owner of the open file holder will be responsible for the following:
- The open files will be valid for six months only.
- In case a person has purchased an open file from the market, he/she will be responsible for getting a written agreement from the previous owner. Authentication of the agreement will be done by the head office of Faisal Town.
- The person having the files in possession will be considered the owner, and he/she will be responsible for paying the installments and other dues.
- In case of failure to pay three installments, the person will have to the escalation charges according to the company policy.
- If the owner fails to submit 4 or more 4 installments against the file, the company holds the right to cancel the file and cut 20% of the total amount as service charges, the remaining amount will be credited back to the owner.
- In case of a delay of 4 installments, the owner will have to pay the escalation charges, restoration charges, and pending installments according to Faisal Town Phase 2 open file policy.
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