{"id":29036,"date":"2017-10-20T17:53:15","date_gmt":"2017-10-20T12:53:15","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=29036"},"modified":"2019-05-20T04:38:00","modified_gmt":"2019-05-20T04:38:00","slug":"lda-avenue-i-an-update-on-rates-litigation-and-buying-trends","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html","title":{"rendered":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends"},"content":{"rendered":"

LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the society is currently performing by taking a look at the Zameen.com Market Report for July<\/u><\/a>. Before implementation of the new tax collection mechanism, property rates in LDA Avenue-1 experienced a steady growth according to our market report of H-1 2016<\/u><\/a>. Coupled with stable demand and the fact that the society was ready to greet new residents with all utility services available, it was considered one of the cheapest housing projects on Raiwind Road back then.<\/p>\n

Litigation Status<\/strong><\/p>\n

In almost the entire project, you can find plots in litigation. In some of these blocks, over 90% of the land is in litigation. According to Al-Nafay Associates Muhammad Usman, the case of litigated plots in LDA Avenue-I is in court, and decision is pending. Before the verdict is given, LDA cannot move forward with attending those plots.<\/p>\n

Meanwhile, one thing about the litigated plots is clear \u2013 the LDA has blocked their transfer. In other words, you cannot mistakenly buy any such property here, says Usman.<\/p>\n

Current status<\/strong><\/p>\n

The market demand for LDA-Avenue-I has dropped by 50%, and the market is currently seller-rich, Usman told us. In such a setup, the rates are determined by the buyers since they have many options to choose from. It is the main reasons why a gradual yet consistent drop is seen in rates of plots in this society.<\/p>\n

Quite surprisingly, for the blocks where the end users \u2013 essentially those looking to construct their homes in the near future – are interested, we haven\u2019t seen any rise in rates.<\/p>\n

Block-wise rates<\/strong><\/p>\n

LDA Avenue-I comprises 11 blocks, and the percentage of litigated plots in each of these blocks is different. Due to litigation issues, the variation in market rate of residential plots is also huge, according to the information shared by Usman.<\/p>\n

Block A<\/strong><\/p>\n

This block has around 1,200 residential plots, out of which 35% are in litigation. The minimum rates mentioned in these tables are for the plots having litigation issues.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,500,000 – PKR 6,000,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 5,800,000 – PKR 11,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block B <\/strong><\/p>\n

In this block, the total plot count reaches 665. The litigation issues exist in 70% area of Block B.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 4,000,000 – PKR 4,800,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 7,000,000 – PKR 8,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block C <\/strong><\/p>\n

Block C features more than 1,600 plots, and 25% area in this block is in litigation.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,500,000 – PKR 6,000,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 6,000,000 – PKR 9,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block D <\/strong><\/p>\n

This block has over 1,600 plots, 15% of which are in litigation.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,500,000 – PKR 5,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 6,500,000 – PKR 9,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block F <\/strong><\/p>\n

It comprises 570 residential plots. Litigation issues exit in 5% area of Block F.<\/p>\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 6,500,000 – PKR 9,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block G <\/strong><\/p>\n

Here, you will find over 800 residential plots, 65% of which are in litigation.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,000,000 – PKR 5,000,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 7,500,000 – PKR 8,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block H <\/strong><\/p>\n

Only 5% of the plots in Block H are in litigation. This block comprises approximately 550 plots, all of them of 1 kanal.<\/p>\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 7,000,000 – PKR 9,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block J<\/strong><\/p>\n

With around 1,200 plots, 15% area here is in litigation. This block features a limited number of 1-kanal plots, which lie on the main boulevard, explaining their high price tags.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 4,500,000 – PKR 6,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 27,500,000 – PKR 30,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block K <\/strong><\/p>\n

It is 90% in litigation and features approximately 900 plots.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 2,500,000 – PKR 3,000,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 5,500,000 – PKR 6,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block L <\/strong><\/p>\n

This block comprises 1,300 plots, with 95% area in litigation.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 1,200,000 – PKR 1,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 1,800,000 – PKR 2,200,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block M <\/strong><\/p>\n

This block features approximately 1,200 plots, 20% of which are in litigation.<\/p>\n\n\n\n\n\n
Plot size<\/td>\nPrice range<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,800,000 – PKR 5,500,000<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 7,000,000 – PKR 7,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Where to invest<\/strong><\/p>\n

At the moment, the most favourite blocks among genuine buyers are Blocks M and J. These buyers are also more interested in 10-marla plots. That\u2019s primarily because compared with 1-kanal houses, the construction cost of 10-marla units is less. In addition to that, the number of families already residing in LDA Avenue is higher for the afore-mentioned blocks.<\/p>\n

The buyers interested in 1-kanal residential plots are keener to consider Blocks A, C, D, F and H.<\/p>\n

If you have any questions or feedback on the article, leave a comment below.<\/p>\n

And if you are looking to talk to\u00a0Al-Nafay Associates’ Muhammad Usman, please reach him at +92-321-840-3214.<\/p>\n","protected":false},"excerpt":{"rendered":"

LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the society is currently performing by taking a look at the Zameen.com Market Report for July. Before implementation of the new tax collection mechanism, property rates in LDA Avenue-1 experienced a steady growth according to our market report of H-1 2016. Coupled with stable demand and the fact that the society was ready to greet new residents with all utility services available, it was considered one of the cheapest housing projects on Raiwind Road back then. Litigation Status In almost the entire project, you can find plots in litigation. In some of these blocks, over 90% of the land is in litigation. According to Al-Nafay Associates Muhammad Usman, the case of litigated plots in LDA Avenue-I is in court, and decision is pending. Before the verdict is given, LDA cannot move forward with attending those plots. Meanwhile, one thing about the litigated plots is clear \u2013 the LDA has blocked their transfer. In other words, you cannot mistakenly buy any such property here, says Usman. Current status The market demand for LDA-Avenue-I has…<\/p>\n","protected":false},"author":18,"featured_media":24856,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11054],"tags":[3879],"persona":[],"class_list":{"0":"post-29036","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-real-estate-trends","8":"tag-latest-update-on-lda-avenue-i","9":"cat-11054-id"},"acf":[],"yoast_head":"\nLDA Avenue-I \u2013 an update on rates, litigation and buying trends<\/title>\n<meta name=\"description\" content=\"LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA Avenue-I \u2013 an update on rates, litigation and buying trends\" \/>\n<meta property=\"og:description\" content=\"LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html\" \/>\n<meta property=\"og:site_name\" content=\"A blog about real estate, lifestyle and tourism in Pakistan | Zameen Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"khadija.tahir@bayut.com\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-20T12:53:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-20T04:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends","description":"LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html","og_locale":"en_US","og_type":"article","og_title":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends","og_description":"LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the","og_url":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html","og_site_name":"A blog about real estate, lifestyle and tourism in Pakistan | Zameen Blog","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"khadija.tahir@bayut.com","article_published_time":"2017-10-20T12:53:15+00:00","article_modified_time":"2019-05-20T04:38:00+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg","type":"image\/jpeg"}],"author":"Samra Zulfiqar","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Samra Zulfiqar","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html"},"author":{"name":"Samra Zulfiqar","@id":"https:\/\/www.zameen.com\/blog\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"headline":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends","datePublished":"2017-10-20T12:53:15+00:00","dateModified":"2019-05-20T04:38:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html"},"wordCount":754,"image":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#primaryimage"},"thumbnailUrl":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg","keywords":["latest update on LDA Avenue I"],"articleSection":["Real Estate Trends"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html","url":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html","name":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends","isPartOf":{"@id":"https:\/\/www.zameen.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#primaryimage"},"thumbnailUrl":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg","datePublished":"2017-10-20T12:53:15+00:00","dateModified":"2019-05-20T04:38:00+00:00","author":{"@id":"https:\/\/www.zameen.com\/blog\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293"},"description":"LDA Avenue-I is one of the many housing societies in Lahore that are taking the toll of increased taxes on the property market. You can check how the","breadcrumb":{"@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#primaryimage","url":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg","contentUrl":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2017\/02\/Will-2017-prove-to-be-a-better-year-for-LDA-Avenue-I.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/blog\/lda-avenue-i-an-update-on-rates-litigation-and-buying-trends.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/blog"},{"@type":"ListItem","position":2,"name":"Real Estate Trends","item":"https:\/\/www.zameen.com\/blog\/real-estate-trends"},{"@type":"ListItem","position":3,"name":"LDA Avenue-I \u2013 an update on rates, litigation and buying trends"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/blog\/#website","url":"https:\/\/www.zameen.com\/blog\/","name":"A blog about real estate, lifestyle and tourism in Pakistan | Zameen Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.zameen.com\/blog\/#\/schema\/person\/9810bc80e0f6830dcb87310b88ef6293","name":"Samra Zulfiqar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/03\/Samra-96x96.jpg","url":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/03\/Samra-96x96.jpg","contentUrl":"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2019\/03\/Samra-96x96.jpg","caption":"Samra Zulfiqar"},"description":"Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market\u2019s most promising opportunities.","sameAs":["khadija.tahir@bayut.com"]}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/posts\/29036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/comments?post=29036"}],"version-history":[{"count":4,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/posts\/29036\/revisions"}],"predecessor-version":[{"id":57888,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/posts\/29036\/revisions\/57888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/media\/24856"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/media?parent=29036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/categories?post=29036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/tags?post=29036"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/blog\/wp-json\/wp\/v2\/persona?post=29036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}