Safeguarding proprietary rights of owners

[Lahore_Real_Estate]

LAHORE (October 07, 2010) : The Lahore Development Authority (LDA) has started issuance of security featured documents to the purchasers/title holders of plots, situated in its housing schemes, from Wednesday. According to a LDA's spokesman, the security-featured document has been introduced to safeguard the proprietary rights of owners and to curb incidents of forgery and instances of sale of plots on fake transfer letters.

As many as 13 property documents, including allotment letter, allocation letter, commercialisation, ownership requisition, transfer letter, permission to mortgage, physical possession, possession order, entitlement performa, completion certificate, exchange letter, sanction plan and exemption letter, etc, shall henceforth be issued on security featured papers by LDA.

The specially designed security featured paper, being used for this purpose, is foolproof and contains such security characteristics that are not visible with naked eye. Besides the barcode, MCS fibre paper, manufacturing watermark with hologram and 3D images, these papers carry such dedicated and secure features, which make them impregnable for any counterfeit. This security paper carries a life of more than 100 years and neither it is available in market nor can it be counterfeited. In Pakistan, only government printing press has the right to prepare and use such paper.

To ensure elimination of counterfeit at all levels, all property documents as well as their office copies too, shall be prepared and issued on this security paper. As a result of preparation of property related documents by LDA on security papers, it has become impossible for land mafia to reproduce, temper with or forge such documents.