Lahore is home to more than 10 million people and according to an analysis, the city’s population is increasing at an annual rate of 3%. The tendency among people from smaller towns and cities of Punjab to migrate to the provincial capital has been addressed well by a systematic and planned southward and eastward expansion of the city. Lahore has consequently experienced massive infrastructure development over the past decade and with the Ring Road now encircling the city – except for the southern loop – many housing societies are now within comfortable reach from the city’s central areas.
SCOPE & LOCATION
A recent and grand addition to the housing sector of Lahore is that of Lahore Development Authority (LDA)’s flagship project LDA City. The project is located on Ferozepur Road near the Gajumatta Metro Bus Station and lies just 1.5km away from the Lahore Ring Road. LDA City spans a massive 61,000 kanals and is set to become the largest residential project of Punjab. The project will offer world class accommodation to thousands upon thousands of families in Lahore.
In addition to being one of the largest residential projects in the country, LDA City is also a pioneering project in terms of town-planning. Given the size of the community, the LDA has massive plans for this project, which include construction of various bridges, underpasses, wide and carpeted roads, business centres and recreational facilities.
The amenities planned for LDA City include a full 18-hole golf course, a health city, an education city, a sports city, various hotels and modern shopping malls, 24-hour public transport facilities that include bus terminals, railway stations and shuttle services. As a walled and gated premises, the LDA City will also feature a sophisticated security system.
For this project, the LDA has chosen to work on a public-private partnerships basis. The authority’s criteria for choosing partners from the private sector were extremely thorough and the process was equally transparent. Based on this scrutiny, the LDA chose 5 developers who enjoy a very sound reputation in the market.
Perhaps the best features of LDA City is that it is extremely inclusive. Buyers from all income strata can easily afford to buy plots here, which are available in 5-marla, 10-marla, 1-kanal and 2-kanal cuttings. The sale price of these plots include 50% of the total development charges while the remaining 50% are to be paid once the possession is offered in 2017.
And if you weren’t already aware, I would like to inform you that despite being a grand project with excellent features, the property rates here are extremely affordable and there is a very convenient instalment plan on offer as well.
LDA City has great investment potential as well. This is evident from the fact that prices of plot files here have increased 50% over the course of the last year. Early investors in the project have already seen awesome returns and time is ripe for new investors to plunge forward and make the investment of a lifetime.
So hurry up and click here to have a look at the instalment plan and all the necessary details required to book your plot in one of the biggest and most promising real estate developments of Pakistan!