PIEDMC - Punjab Industrial Estate Development and Management Company

1. TRANSFER OF PLOTS

a) No allottee(s) shall be allowed to re-sell and/or transfer in any way whatsoever, plot(s) or rights therein, to any third party(ies) prior to execution of final Sale Deed.
b) At the time of 100% payment of the plot, an Agreement to Sell will be executed in favor of allottee(s). Final Sale Deed shall be executed on the completion of project and after obtaining a Completion Certificate from PIEDMC.
c) In any eventuality, PIEDMC shall have an exclusive right to re-purchase plot from allottee(s) at the price on which it was sold to him/them, after deducting 5% as service charge and/or after recovery of any other outstanding liability (ies).
d) In case of demise of allottee(s) after allotment prior to execution of Agreement to Sell or Final Sale Deed, his/their legal heir(s) shall be entitled to all rights available to allottee(s) as the case may be. Such legal heir(s) shall be bound by the same terms and conditions and before entering into any supra-referred Agreement(s) shall give his/their similar undertaking also.

2. GENERAL CONDITIONS FOR APPLICANT

a) Submission of an Application along with full payment of the plot does not entitle the Applicant to the right of allotment until final approval by the competent authority.
b) Application must accompany “The Letter of Intent” signed and stamp by the applicant on Rs. 200/- stamp paper as per PIEDMC format.
c) PIEDMC reserves the right to reject any Application without assigning any reason thereof.
d) The units established in industrial estate are required to meet national environmental laws and standards and any other regulations set by the Estate.
e) Any change in nature of business and/or line of production shall be permissible only after obtaining a No Objection Certificate (NOC) from PIEDMC.
f) The Applicant(s) undertakes that the instant pre-conditions &/or any future bye-laws &/or standards applicable in industrial estate shall be binding on him/them and shall be complied with.
g) Any false or misleading information/statement may result in rejection of Application and/or cancellation of allotment.
h) You will be bound to take physical possession of the Plot(s) within 15 days of being intimated about the same by PIEDMC.

3. OPERATION SCHEDULE

a) Construction of project shall commence within 3 months from the date of execution of Agreement to Sell. The project shall be completed within 36 months from the date of execution of Agreement to Sell. It is clarified that PIEDMC will make available water and electricity, in case they are not available at the time of entering into Agreement to Sell, the time frame is to be calculated from the day the supra-referred utilities are made available.
b) Any violation of pre-conditions, bye-laws and/or building regulations of industrial estate may result in cancellation and subsequent re-possession of the plot;
c) Management & Service (operational and maintenance / other) Charges shall be applicable as per actual, notified from time to time
d) Any violation of pre-conditions, bye-laws and /or building regulations of industrial estate may result in cancellation and subsequent re-possession of the plot, against refund of the price on which the plot(s) was purchased by allottee(s) after deducting 5% as service charge and /or after recovery of any other outstanding liability (ies).

4. DISCLAIMER

If by reasons of Force Majeure, PIEDMC is wholly or substantially unable to carry out its functions/obligations under instant Application/conditional or Final Sale Deed, the Applicants(s) shall not be entitled to claim any rights or benefits against PIEDMC. Force Majeure constitutes but does not limit to war, rioting, floods, earth quake, lightening, terrorist acts, political changes, Civil commotion, blockade, insurrection, strikes, go-slow, tribal or ethnic conflicts, epidemic or plague, labor issues, legal restrictions, industrial disturbances or any other event beyond the control of PIEDMC.

5. NOTE

Failure to submit any prescribed document(s) may result in delay in processing, unless the cause is notified. Only NIC(s) issued by NADRA will be entertained. Applicant(s) possessing old NIC(s) should submit copy of receipt(s) issued by NADRA for issuance of computerized NIC(s) along with copy of old NIC(s). Plots being limited, will be sold on First Come First Served basis or balloting where required.

DOCUMENTS REQUIRED TO BE ATTACHED WITH APPLICATION

1. COMPANY

i) Certificate of Incorporation;
ii) Copy of Memorandum and Articles of Association, attested by Company Secretary;
iii) Certificate of Commencement of Business (in case of Public Limited Company):
iv) A Resolution to meet financial liabilities of the company;
v) The name of the Director(s) authorized to sign the documents along with a resolution to purchase plot;
vi) NTN number;
vii) Undertaking that the company has a clean bank record;
viii) Detail of any money decree against the company;
ix) Copy of NIC of authorized director(s);
x) Business Profile;
xi) Environmental Undertaking;
xii) Letter of Intent;
xiii) Construction Plan / Schedule
xiv) Post Dated Cheques

2. PARTNERSHIP, FIRMS OR AOPs

i) Partnership Deed;
ii) An undertaking to meet financial liabilities of firm and name(s) of partner(s) authorized to sign documents;
iii) Resolution of Partners regarding project at MIE-II;
iv) NTN Number;
v) Undertaking that the firm has a clean bank record;
vi) Detail of any money decree against the Partnership, Firm or AOP;
vii) Copy of the NIC of the authorized partner(s;
vii) Business Profile;
viii) Environmental Undertaking;
ix) Letter of Intent;
x) Construction Plan / Schedule
xi) Post Dated Cheques

3. PRICE STRUCTURE

Payment: 100% payment up-front
Additional: 10% additional for Corner plot and Main Boulevard

Application For Industrial & Commercial Land

OFFICE ADDRESSES

Head Office:

PIEDMC Commercial Area (NORTH) Sundar Industrial Estate, Raiwind Road, Lahore.

[email protected]

City Office:

Plot No. 169/S, 3rd & 4th Floors, OWSC Building, Quaid-e-Azam Industrial Estates, Kot Lakhpat, Lahore.

QUICK LINKS

ALLIED DEPARTMENTS

BOOKING FORM FOR QUAID E AZAM BUSINESS PARK

1. GENERAL CONDITIONS FOR APPLICANT:

At the time of deposit of full payment an Allotment Letter will be issued and an Agreement to Sell will be executed in favor of Allottee(s). Final Sale Deed shall be executed after obtaining a Completion Certificate from PIEDMC.
The Allottee may at any time before the execution of the final Sale Deed in its favour can transfer the plot(s) to any third party after paying the requisite Transfer Fee as levied by BOD, PIEDMC from time to time and after obtaining No Objection Certificate (NOC) from PIEDMC and only after the full price of the Plot has been paid. However, subsequent transferee shall be bounded by the same terms and conditions as per this form and policies of PIEDMC as amended from time to time.
Submission of booking form does not render entitlement to the rights of allotment, booking confirmation will be intimated subject to final approval.
PIEDMC reserves the right to reject any Application without assigning any reason thereof and in case the application is rejected deposited amount will be refunded.
The units established in Industrial Estates of PIEDMC are required to meet National Environmental Laws and standards and any other regulations set by the State.
Any change in Nature of Business and/or Line of Production shall be permissible only after obtaining approval from PIEDMC.
The Applicant(s) undertakes that the instant Pre-Conditions and/or any future Bye-Laws/Rules/Instructions/Policies, which PIEDMC formulates or issues from time to time shall be binding on him/them and shall be complied.
Any false or misleading information/statement may result in rejection of Application and/or cancellation of Allotment.
If area of the plot increases or decreases at the time of physical possession of the plot the price of the plot will be adjusted accordingly as per the rate on which plot is purchased.
Allotted plots can be mortgaged by the Allottee(s) with any Bank or Financial Institutions only after obtaining Permission to Mortgage from PIEDMC.
In case of demise of Allottee(s) after Allotment prior to execution of Agreement to Sell or final Sale Deed his/their legal heir(s), as declared by Court of Law shall be entitled to all rights available to Allottee(s) as the case may be. Such legal heir(s) shall be bound by the same terms and conditions and before entering into any supra-referred Agreement(s) shall give his/their similar undertaking(s).
In case, legal heirs as decided by the Court of Law, do not intend to carry on with the project after transfer of ownership in their name, they will be allowed to resell their plot within six (06) months from the date of transfer.
In any eventuality or violation of any terms and conditions of PIEDMC, PIEDMC shall have an exclusive right to re-posess plot from Allottee(s) at the price on which it was sold to him/them, after deducting, a penalty of 20% after recovery of any other outstanding liability(ies), dues and/or charges. Furthermore, the structure raised, or any other immoveable property thereon shall become the exclusive property of PIEDMC and shall stand transferred to PIEDMC.
Early possession and handover is possible at customer’s request, however, 75% original price of the plot should have been paid. Balance lump sum payment option is available.

2. TIMELINES FOR PLOT AND CONSTRUCTION:

Process	Time for its Completion
Allotment Letter, Possession Letter & Agreement to Sell	Issued after full payment of plot price
Physical possession of the plot	Within 15 working days from date of Possession Letter
Submission of Map for Approval	Within 03 Months from the date of Agreement to Sell
Start of Construction	Within 06 Months from the date of Agreement to Sell
Completion of Construction	Within 24 Months from the date of Agreement to Sell

Note: If timelines given above are not observed, PIEDMC reserves the right to cancel the Allotment and repossess the plot at any stage and the structure raised thereon shall become the property of PIEDMC.

3. OPERATION SCHEDULE:

Construction shall commence within 06 months from the date of execution of Agreement to Sell and must be completed within 24 months from the date of execution of Agreement to Sell. In case the vendee has started construction within supra referred timelines but extended time is required due to certain requisites of the project, he may be given extended time subject to payment of Non Development Charges (NDC) and approval from PIEDMC, which will solely be the discretion of PIEDMC. Allottee shall be bound to take physical possession & execute Agreement to Sell within 15 working days of being intimated about the same by PIEDMC failing which PIEDMC reserves the right to cancel the allotment and subsequently re-possess the plot against refund of the price on which the plot(s) was purchased by Allottee(s) after deducting a penalty of 20% after recovery of any other outstanding liability(ies), dues and/or charges.
If the construction has not been started within 06 months after the execution of Agreement to Sell and/or the same is not completed within 24 months from the execution of Agreement to Sell or any extended timeline as approved by PIEDMC, PIEDMC reserves the right to cancel the Allotment after deducting a penalty of 20% after recovery of any other outstanding liability(ies), dues and/or charges. In case of cancellation of the plot for any reason whatsoever, any structure existing thereon shall stand transferred to and become the property of PIEDMC.
Management and Service or Operational and Maintenance or other charges shall be applicable as notified from time to time by PIEDMC.
Any violation of Pre-Conditions, Board of Directors decisions, bye-laws and /or building regulations of PIEDMC may result in cancellation and subsequent re-possession of the plot against refund of the price on which the plot(s) was purchased by Allottee(s) after deducting a penalty of 20% after recovery of any other outstanding liability(ies), dues and/or charges.

4. DISCLAIMER:

If by reasons of Force Majeure, PIEDMC is wholly or substantially unable to carry out its functions/obligations under instant Application, Booking Letter, Agreement to Sell or final Sale Deed, the Applicant(s) shall not be entitled to claim any rights or benefits against PIEDMC.

Force Majeure constitutes but does not limit to war, rioting, floods, earth quake, lightening, terrorist acts, political changes, civil commotion, blockade, insurrection, strikes, go-slow, tribal or ethnic conflicts, epidemic or plague, labor issues, legal restrictions, industrial disturbances or any other event beyond the control of PIEDMC.

*A hard copy of the original documents will be required to be deposited in person.

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