Expected to become one of the largest housing communities in Lahore after completion, LDA City is a project that is approved and directly managed by the Lahore Development Authority (LDA). If you’ve considered investing in LDA City, Lahore, here is all you need to know about the development and its latest updates.
About LDA City
Aiming to provide housing for around 50,000 families, the master plan of LDA City, Lahore, sees the project covering nearly 41,000 kanal of pristine real estate. The project is approved by the LDA and being developed under the authority’s supervision. The LDA has specially partnered with several other reputable names in the real estate industry to bring this project to fruition. The partnership is a strategic one since the development authority wants to ensure that every standard of quality is met in the project’s development, particularly the provision and installation of utilities, and the construction of the sewerage system and internal road network.
As a modern and urban development, the housing scheme is scheduled to offer model accommodations and leisure opportunities, with around 45% of the land being dedicated to residential plots for sale, 10% reserved for the commercial sector, and the remaining allocated to roads, parks, and other open spaces to create an ideal living environment for every block and sector. The development of the society is planned in three phases, with LDA City’s Phase 1 being the starting point of the project.
LDA City—Phase 1
Out of a total of 41,000 kanal, 13,000 kanal is marked for LDA City’s Phase 1, which will offer residence to around 11,000 families. Built alongside the 300-feet wide main boulevard of the society, Phase 1 of LDA City is also known as Jinnah Sector, comprising 15 blocks, from A to Q. The video shared above also highlights some of the many features and amenities the sector will feature, and we’ll talk more about all of it below.
Location of LDA City, Lahore
Located on Ferozepur Road, LDA City, Lahore, enjoys a prime location near the last Metrobus station, Gajju Matah, along the southern arc of Lahore Ring Road. The central location of LDA City translates into 5 convenient entrances for the society, from Ferozepur Road, Defence Road, and the Ring Road. One of the entrances from Ferozepur Road, near the Butcher Khana Distributary, leads directly into LDA City Phase 1, meaning an extremely convenient route for both visitors and residents.
Here are some more factors that make the location of LDA City, Lahore, ideal for a high-profile housing scheme:
- 15 minutes’ drive from Allama Iqbal International Airport
- Opposite DHA Phase 9 Prism and Phase 10 on the other side of Ferozepur Road
- Adjacent to Lake City, Valencia, and DHA Rahbar
Best Features of LDA City, Lahore
Here’s why investing in LDA City, Lahore, has all the makings of a smart decision:
- One of the largest housing projects in Lahore
- Approved and supervised by the LDA
- Internationally planned community with modern amenities
- Convenient and easily accessible location
- 300-feet main boulevard to enter the society
- Easy access to bus, metro, as well as railway stations
- 24-hour monitored security systems
- Underground connections for all utilities
- Separate commercial districts and entertainment areas
- Dedicated areas for a health city, education city, and sports city
- Sewerage treatment plant and grid station
Facilities and Amenities in LDA City
Besides featuring the best standards of living and high-quality construction, LDA City, Lahore, also provides the following additional facilities and amenities to all its residents equally:
- Community centre
- Grand mosque
- Mosques and parks in every sector
- Area markets and shopping malls
- Sports complex
- Blind cricket stadium
- Health and fitness club
- Cineplex and mini-zoo
- A 300-kanal theme park
- An 18-hole golf course of international standards
It is important to note here that the cricket stadium and the theme park are part of the first phase of development, while the golf course will be developed during the following phases.
Investment Options in LDA City
At present, LDA, Lahore, is offering investment opportunities in the Jinnah Sector, where residential plot files are being sold, and plot possession is being handed over to the applicants successful in the various ballots held previously. LDA City, Lahore, features 5 marla, 10 marla, as well as 1 kanal residential plots for sale at pretty affordable prices.
Payment Plan for LDA City
As the payment plan above shows, the second ballot was held on 14th February, and since Zameen.com now has exclusive rights to sell and market LDA City’s plot files, we’re offering a special discount on plot prices.
Accordingly, you can invest your stakes in the plot ballot by purchasing a 5 marla plot file in LDA City at the cost of PKR 23.95 lakh, while a 10 marla plot file in the project is on sale for PKR 35.5 lakh. If you’d like to try your luck at a larger plot size, you will be required to invest PKR 53.75 lakh for a 1 kanal plot file.
It is important to note that PKR 5,000 will be charged additionally for documentation and processing fees, while a 50% discount will be offered to all successful applicants of the Jinnah Sector ballot on their development charges.
As of an update on the 25th of February 2020, nearly 308 plots were allotted during the second ballot and the LDA has now been asked to issue challan forms by its Urban Planning Additional Director so that the development charges can be collected in a timely manner. Since a 50% discount is being offered on development charges for all the successful applicants of the ballot, the new development charges are as follows:
|Plot Size||Development Charges (PKR)|
|5 Marla||400,000 (50% of 800,000)|
|10 Marla||690,000 (50% of 1,380,000)|
|1 Kanal||1,150,000 (50% of 2,300,000)|
Meanwhile, development charges for all commercial properties in LDA City have been finalised at PKR 500,000.
You can contact our sales agents on 042-111-333-333 for more details.
Development Updates for LDA City
The development of LDA City, Lahore, has been initiated with Phase 1, Jinnah Sector, where the first balloting for plots in LDA City was held in November 2019, while the second one is about to be held on the 14th of February 2020. You can also witness the rapid pace of development for yourself in the video shared above.
About the Developer
Several developers have partnered with the LDA to make this project a success, including Alpha Estate, Urban Developers, Pak Estate Agency, and Maymar Housing Services. With these reputable names backing the project along with the LDA’s seal of approval, LDA City is sure to become a landmark housing community in the coming years.
Investing in LDA City, Lahore, can be a fairly smart decision as the housing community is expected to offer 80% to 100% return in the next 3 years, with rates that are 75% lower than those being offered by its neighbouring housing societies.
Stay tuned to Zameen Blog as we bring you more information about all the top housing projects across the country to help you make an informed investment. You can reach us on email@example.com for any queries or concerns.