On the 22nd of May, 2019, Zameen.com laid the foundation of yet another milestone which will prove to be one of the greatest events in the history of real estate in Pakistan in years to come. The fabulous achievement is none other than the groundbreaking ceremony of the anticipated Zameen Opal, the first residential project by Zameen Developments.
Highlights of the Groundbreaking Launch of Zameen Opal
- The site of the newly initiated project was chosen to organize the ceremony for the groundbreaking of Zameen Opal in the presence of the
honourableCEO of Zameen.com, Zeeshan Ali Khan, who was also the guest of honour.
- Other Important Attendees of the event include Zameen.com Country Head Ahmad Bhatti, Vice President Haroon Malik, Senior Director Project Sales Laeeque Chaudhry, Director Project Development Fahad Arif Khawaja
- Members of the senior management of both Zameen.com and Zameen Developments, alongside a large number of the companies’ employees were also present at the sight
Zeeshan Ali Khan, CEO of Zameen.com, on the Road Map of Zameen Developments
“Following the unprecedented success of Zameen.com, it was time for the group to move up the value chain and make further contributions to the real estate industry. Zameen Developments is born of this desire to address the gaps in the development and construction spheres, leveraging the trust of the Zameen brand built through 13 years of tireless service” said Khan.
Khan also stated that there is still a lot that needs to be done in terms of development of new projects in Pakistan to effectively address the growing housing needs. Accepting this as a challenge, Zameen Developments is coming up with well-planned residential and commercial projects.
“Zameen Developments will go on to launch multiple projects based on international standards around the country. Another one of its projects, Zameen Ace Mall, is already under construction in DHA Islamabad and the response from buyers has been tremendous,” he added.
More about Zameen Opal
The project spans 10
- Studio, 1, 2 & 3-bed apartments
- 4 Bed split-level penthouses (limited units on offer)
- Prime location on Main Raiwind Road, Lahore
- Approved by Lahore Development Authority (LDA)
- Top-notch architectural design
- Gated neighbourhood with fool-proof security
One of the biggest attractions about Zameen Opal is the location. It is ideally located on the main Raiwind Road, in proximity to Lahore’s major commercial hubs, schools, colleges and hospitals. It is also accessible from all major expressways and boulevards of the city including M2-Motorway and Lahore Ring Road.
Zameen Opal is just 5 minutes’ drive from Shaukat Khanum Hospital, Lahore Expo Centre and Johar Town. The distance of Lahore Ring Road and Safari Park is around 4 to 5 kilometres. Heading to Allama Iqbal International Airport will only take you less than half an hour.
Sales Price Trends for Residential Apartments in Zameen Opal
Zameen Opal, which is all set to become one of the most sought after residential projects in Lahore, will feature contemporary apartments offering all the amenities necessary for an ultramodern lifestyle.
The apartments in this upcoming project are available for sale in a variety of price ranges depending on many factors. The price range for a 1 bedroom apartment in Zameen Opal is from PKR 57.52 lakh to PKR 92.58 lakh, for a 2 bedroom apartment in Zameen Opal, the asking price ranges between PKR 1.16 crore and PKR 1.47 crore. Likewise, to invest in a 3 bedroom apartment in Zameen Opal, the price you have to pay will be around PKR 1.54 crore to PKR 1.91 crore.
Why Invest in Zameen Opal
There are many reasons why you should invest in this groundbreaking project, some of which include:
- Projected annual rental yield of 6-7 percent
- Prime location on Raiwind Road, which is the hub of most of real estate-related developments these days
- Zameen Opal is an approved project by all the concerned government authorities including LDA, thus guaranteeing the safety of your investments
- Timely completion of project guaranteed
- Use of high-quality construction materials
- Easy transfer of ownership and transparency in documentation
- Based on Zameen.com’s data-driven approach, Zameen Opal is suited to the needs of investors and homebuyers
- The exclusive and high-class features offered by Zameen Opal, along with the convenience it provides, make it a perfect modern project for modern families
Living Facilities and Amenities
The Zameen brand has always stayed true to its reputation and prestige. When Zameen Developments claims Zameen Opal is counted among grand residential projects in Lahore, they mean it.
Here are the many discretionary amenities residents of this master project will enjoy:
- Smart access to the building
- Swimming pool
- Two Levels of basement parking
- Rent-a-car facility
- Modern fire fighting system
- Rooftop barbeque area
- Children play area
- Solar power backup (common areas)
- Cargo and service elevators
- Valet Parking
- Grocery delivery service
- Laundry service
- Separate prayer area
- ATM machine
- 24/7 management services
The price of a studio apartment starts from PKR 57.52 lakh; it comes with a 3-year installment plan where you have to pay PKR 95,873 per month. Moreover, for 1-, 2- and 3-bedroom apartments, prices start from PKR 76.58 lakh on average and to own these apartments on the 3-year installment plan, the monthly cost of PKR 127,634 is what you have to pay.
However, the most expensive option among all the other apartments for sale in Zameen Opal is a split level penthouse; prices start at PKR 5.45 crore. It also comes with a 3-year instalment plan.
The launch of this residential project marks the beginning of a new era of the Pakistani property market.
In collaboration with Zameen.com, which is Pakistan’s No.1 property website, Zameen Developments is working on another mega real estate project called Zameen Ace Mall. It is going to be an ultra modern commercial project situated at a prime location of Sector J, DHA Phase II in the capital city of Islamabad.
Catch more interesting stories and updates regarding property developments across Pakistan by subscribing to Zameen Blog – the best real estate blog in Pakistan.