Lahore Motorway City (LMC), as the name suggests, is a cooperative housing society located right on the Lahore Motorway. It has gained as much popularity yet, due to its rather remote location but the project does have the potential and can be considered, both due to its potential in terms of development and in terms of its location.<\/p>\n
LMC is divided into five blocks, P, Q, R, S, T, and U. These have been further divided into S Blocks Home (and its own extension) and T-Prime and Trust Prime, both extensions of Block T. Lahore Motorway City is spread over about 20,000 kanals of land, where about 2,500 residential and commercial plots ranging in size from 2 marlas (commercial plots only) to 2 kanals (residential plots only).<\/p>\n
TMA and LDA approvals<\/strong><\/p>\n In our last update on Lahore Motorway City, one of the most important questions asked by our readers was whether LMC is approved by Lahore Development Authority (LDA). Some confusion exists on the matter. The housing scheme might not be approved by LDA, but it is approved by Tehsil Municipal Administration (TMA) instead, as it falls under its jurisdiction.<\/p>\n Humayun Khan of LMC Xperts explained the reason for the confusion. He revealed that when the housing scheme was launched, the area did not fall under LDA, so, naturally, it was not approved by LDA, but by the local TMA. LMC fell under LDA jurisdiction after December 2013. So, the current understanding between LDA and LMC is that since 20,000 kanals of land is already approved by TMA, it doesn\u2019t require the approval of the LDA. However, if and when LMC extends beyond that limit, according to Khan, that extension will have to be approved by the LDA.<\/p>\n The state of development and possession<\/strong><\/p>\n According to both Khan and Nadeem Nazir of Realestix, development is significantly complete and possession is available throughout the project wherever the plots are on-ground (and not in the form of files.)<\/p>\n So, since our last update in October 2017, development has been completed and possession has become available in Block S Homes. Development was complete in Blocks P, Q, R, S and T. Electricity (underground wiring), water and sewerage connections are available \u2013 the housing scheme is yet to get a gas connection.<\/p>\n State of market, prices, and investment<\/strong><\/p>\n Lahore Motorway City has, naturally, been affected by the state of the market. According to Nadeem, recently, the investors have been acting particularly cautiously. However, genuine buyers are still keeping the market afloat. It is then, natural, that while the prices have been stable, they haven\u2019t fallen either. Currently, the prices stand as follows<\/p>\n According to Nadeem, currently the conditions for investment are not particularly ripe for short-term investment, since the market has been stable for a while now. Moreover, considering that the elections are coming up, the prices will remain low in the short term, but if you are looking to make long-term investment, you can consider it, Nadeem contended. He explained that the LMC has all the ingredients of a good housing scheme, it just needs to turn the trends and attention towards itself. Similarly, an interchange onto the new Lahore-Multan motorway can also be a game-changer for the housing scheme in the medium-term. That remains to be seen, however.<\/p>\n\n\n
\n Plot Size<\/strong><\/td>\n Prices in PKR<\/strong><\/td>\n<\/tr>\n \n 5 marla<\/td>\n 1,300,000\u20141,900,000<\/td>\n<\/tr>\n \n 7 marla<\/td>\n 1,600,000\u20142,200,000<\/td>\n<\/tr>\n \n 10 marla<\/td>\n 1,700,000\u20143,200,000<\/td>\n<\/tr>\n \n 1 kanal<\/td>\n 4,000,000\u20145,000,000<\/td>\n<\/tr>\n \n 2 kanal<\/td>\n 7,500,000\u201410,200,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n