Important CDA Information - Required Documents for Permission to Mortgage Property in Favor of House Building Finance Corporation or Any Bank

Documents required for permission to mortgage property in favor of House Building Finance Corporation or any bank?

Following documents are required for granting permission for mortgage of a property:

In case of plot:

Execute an agreement with CDA.
Copy of Site Plan (provided by CDA.
Application for permission to assign addressing Director Estate Management, CDA.

In case of House and other built up property:

Execute Conveyance Deed or Lease Dead with CDA. (The cost of Stamp Papers will be at the rate of Rs.40/- per thousand at the original price of the plot and in case of Commercial, Industrial Plots in addition to cost of plot plus annual ground rent paid and ten year advance.

Note: There are two days for the execution of Agreement and Conveyance Deed i.e. Wednesday & Saturday.

For further information, contact:
Suite #12, 5th Floor, Shan Arcade, Barket Market,
New Garden Town, Lahore Pakistan

Phone : +92 (42) 3 5941414
Fax : +92 (42) 3 5856464
Cell : +92 (300) 8414369