LDA City Lahore, the latest residential project of Lahore Development Authority (LDA), has created a lot of frenzy among buyers and investors. The project was announced at mass level on May 19, 2014 through print media, while on Zameen.com LDA City was added in the New Projects section a couple of months ago.
It is generally believed that among existing developers active in Lahore’s property market, LDA is a much reliable one and despite the prevailing discrepancies in one of its projects, LDA Avenue 1 to be precise, the investors find very limited reasons for not investing in LDA City. As per the details, LDA City comprises of 45,000 Kanals of land and is so far the largest residential development of Pakistan.
LDA City features 5-Marla, 10 Marla, 1 Kanal and 2 Kanal plots. The project claims to offer plots on rates, which are equal to the amount one has to pay as down payment to buy plots in other known projects. As per property listing available on Zameen.com, the present market rate (as of May 20, 2014) of 5-Marla plots in LDA City is PKR 1,090,000, that of 10 Marla, 1-Kanal and 2-Kanal is PKR 1,590,000, PKR 2,790,000 and PKR 5,500,000 respectively. These rates include 50% of the development charges.
The location of LDA City is not disclosed through its print advertisement but the ad does speak that the project is 13 minutes drive away from Kalma Chowk and smooth 15 minutes drive away from Allama Iqbal International Airport Lahore via Lahore Ring Road. The accessible location and LDA’s backing is highly likely to create roaring demand of these plots and consequently push their market rates further up.
The development claims to be a town planned according to international standards with latest civic facilities including bus stations, railway stations, post office, shuttle services for Metro Bus and 24 hours security system. LDA City will have its own expo centre, an education city, health city and sports city with world-class facilities and latest amenities. The project will also feature an American style 18 holes golf course and various shopping malls, commercial boulevards and hotels.
If you wish to book your plots in LDA City, Lahore, please note that the tempting rates of these plots are offered for a limited time.