New Metro City Gujar Khan Revels File Merging Policy
According to the latest updates provided by the officials of the society, New Metro City Gujar Khan file merging policy has been disclosed to facilitate the members. This policy helps provide an exit route for investors who purchased bulk files in New Metro City Gujar Khan.
New Metro City is the second major project of BSM Developers after huge success and appreciation to New Metro City Kharian. It is developing at a prestigious location in Gujar Khan, Rawalpindi District. The society aims to provide a luxurious lifestyle to residents at affordable prices and convenient installment plans. The management of New Metro City Gujar Khan managed to get the No Objection Certificate (NOC) from Rawalpindi Development Authority (RDA) after the society faced different allegations.
As the society launched, it presented different residential and commercial opportunities for large and small-scale investors. Many investors purchased files in bulk to enjoy the benefits society has to offer, neglecting the fact that every housing society undergoes ups and downs in terms of prices and resale values. Now, numerous people are facing problems in paying the installments against multiple plot files and clearing the down payment. The main reason behind the purchase of plots was either investors were overconfident and wanted to enjoy huge benefits, or they were misguided by the dealers. But now, they are facing issues in clearing the dues against their plots.
However, there is a piece of good news for investors who have purchased bulk files, as management has released the New Metro City Gujar Khan file merging policy.
What is New Metro City Gujar Khan Merging Policy?
New Metro City management has devised a merging policy and announced it recently for the members who have multiple residential files and cannot manage to clear outstanding dues. Such members can now merge their bulk files into a single file after the deduction of a small amount. Such members should avail this opportunity and merge their files so they can save themselves from a bigger loss.
How does the New Metro City Gujar Khan file merging policy work?
We have explained below the working file merging policy of New Metro City Gujar Khan:
- Members with bulk close files are eligible to merge their files of New Metro City Gujar Khan.
- Files that are closed before 31st December 2022 will be merged according to the latest file merging policy of New Metro City Gujar Khan.
- The balloon payments against bulk files should be cleared to benefit from this merging policy.
- Furthermore, PKR 15,000 per Marla will be deducted, and the remaining value will be adjusted in the new file.
- Only submitted files of New Metro City Gujar Khan are considered eligible for merging by the management.
- Members of the society with bilk files can now merge all the files into one file, and payments in these files will be adjusted in the new file as down payments and installments.
- The ownership of the new file will be granted to the owner of previously bought bulk files.
Note: New Metro City Gujar Khan file merging is only available for residential plots at present. Moreover, the society may or may not announce the merging policy for commercial plots.
Real estate dealers’ community and members had been requesting the society to create a safe exit strategy for bulk file owners. The management of New Metro City Gujar Khan has shown a good gesture for the facilitation of members who got bulk files.
Conclusion
We advise all investors to get reliable consultation and always prefer a dependable real estate consultant before investing at a large scale in any housing society. This way you can avoid issues like these and save yourself from huge losses. Moreover, you can also consult a trusted real estate agency like Manahil Estate to help overcome such issues. You can contact us for any kind of help regarding the New Metro City Gujar Khan file merging policy.
Get in touch with us for more information and guidance on this matter!
