Future Development Holdings Private Limited (FDHL) has announced a much-needed facility for the existing members of Capital Smart City & Lahore Smart City, specifically for those with multiple active or cancelled files in both the projects. The society has finally conceded to the demand of cross-merging facility, which allows a member to merge file of one project into another, lowering the burden of existing liabilities (due payments).
Earlier the society had allowed merging of active and cancelled files pertaining to the same project, while there are many such members who own files in both the project and who are unable to pay their dues due to financial constraint. Hence, the cross-merging policy addresses this issue, and opens a window for better exit plan or minimizing liabilities.
Following are some highlights of the cross-merging policy:
- The cross-merging facility will remain available till 31st July 2025.
- Members of Capital Smart City will be allowed to merge own or purchased files of Lahore Smart City into their file and vice versa.
- Cancelled files of both projects can also be cross-merged under this offer.
- If a file has more than 25% of land cost paid, the society will not deduct any amount and 100% of the amount will be merged into another file.
Remember, this is a limited-time facility, so any delay can cost you immensely. Those owning multiple files must act fast and avail this cross-merging opportunity within the given deadline, or risk losing out on this highly attractive offer during a time of economic pressure.
Owners of a single file can purchase another from the market at a lower price to avail substantial benefits. Meanwhile, those who do not wish to continue will be able to sell their files more easily in the market at relatively better prices during this period.
If you need any help, guidance, or services from Manahil Estate regarding the sale or purchase of plots and files in Capital Smart City, or if you are looking for a professional & reliable agency to fulfill your cross-merging requirement, feel free to email us at marketing@manahilestate.com or send a WhatsApp message to 0345-5222253 for prompt assistance.
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