Al-Noor Orchard is one of the newest additions to the diverse real estate market of Lahore. The project is located on Main Sharaqpur Road Lahore, which is only 3 km away from Motorway M2 Faizpur Interchange, and is connected to China Pakistan Economic Corridor (CPEC) through Motorway M2 and Karachi Lahore Motorway (KLM III). It also provides easy access to Allama Iqbal International Airport.
This location provides the residents a chance to live comfortably, while also being able to access the city’s commercial areas. Al-Noor Orchard features residential as well as limited commercial plots. Careful consideration has been given in providing the most upscale designs which can ensure comfortable and luxurious living. The architectural designs have been inspired by Egyptian and British Architecture. The team of skilled architects, engineers and horticulture experts have put in great effort in creating an overall pleasant and lavish look in the entire housing project.
Sewerage and garbage collection systems have also been put in place and clean drinking water is provided through a water filtration plant. The team of professionals have designed a state-of-the-art Jamia Masjid with unique architectural designs. Beautifully landscaped family parks will ensure there’s ample space for families to enjoy themselves and will allow the children to play openly. The community club and zoo are going to further add to the list of recreational facilities available to the residents.
Prices and projections
On offer are residential plots of 5, 8, and 10 marlas as well as commercial plots of 4 marlas. All of these plots are available on easy instalments spanning over three years, whereas possession is only within 6 months.
Rate: PKR 550,000/marla
|Plot Size (marla)||Total Price||Open Registration||Confirmation within 1 month||Balloting within 4-6 months|
|On Possession||Balance||Monthly Installments||Every 6th month|
|Home Size||Total Price||Booking 10%||After 2 month||On Possession||Balance Amount|
|1st year 12 Monthly||2nd Year 10 Monthly||2nd Year Half Yearly 2||3rd Year 10 Monthly||3rd Year Half Yearly||4th Year 10 Monthly||4th Year Half Yearly 2|
The payment for 4-marla commercial plots:
|Total Price||Open Registration||Confirmation within 1 month||Balloting within 4-6 months||On Possession||Balance||Monthly Instalments||Every 6th month|
Al-Noor Orchard is going to carry out its first balloting tomorrow, 1st September 2018 at 2 PM for plots located in Blocks A and B. This ballot is for 550 plots of 5 and 10 marlas. According to M. Aslam Pakistan from Roxland Real Estate Consultants, the prices will increase after this ballot. However, he’s sceptical that the increase won’t be that significant as the market is fairly stable at the moment, and with the high-quality construction in the project, prices are already relatively high. Aslam believes that the pace of development and the materials used in construction have enabled the prices to increase here.
However, this ballot is an important development as Al-Noor Orchard is also going to announce its extension, based on 42 acres. That will have a lot more plots for people to buy and invest in. This shows Al-Jalil Developers earnest efforts to further expand in the real estate industry and contribute to its quality.