Lahore Development Authority (LDA) City has recently become a little bit popular amongst investors. The under construction Lahore Ring Road, and development of a road from Gajju Matah to LDA City, has made investors stop and take notice of the society.
The market is rife with rumours that development work in the society is about to start, and LDA City’s master plan is about to be launched. Unfortunately, the rumours aren’t true since LDA has not released any official statement in this regard.
Demand for plot files in LDA City has increased, leading to an increase in the prices as well. Check out the prices for January 2017 in the table below:
Now check out the current price scenario:
The prices of 5-marla, 10-marla and 1-kanal plot files have increased 29.16%, 27.02%, and 16.94% respectively, in one month. I am expecting prices to continue on this trend in the time to come. The main reason for this is that demand has been on the up, and whenever that happens prices jump automatically. Moreover, as LRR progresses, prices will see a rise in LDA City.
Some people are also quoting PKR 2,000,000, PKR, 3,000,000 and PKR 4,000,000 for 5-marla, 10-marla and 1-kanal plot files and spreading these prices in WhatsApp groups. Those who are planning to invest in LDA City should be wary of such people.
If you have purchased a plot file in the project then you should hold onto your property for a while. However, it is important to keep an eye on market fluctuations. It was just a few weeks ago that prices of 5-marla, 10-marla and 1-kanal plot files were PKR 1,650,000, PKR 2,500,000 and PKR 3,700,000, respectively.
In my opinion, LDA City seems to be a good investment in the current scenario. If you want to invest here, make sure you buy through a trusted agent or firm, in order to avoid any untoward circumstances in the future. Despite its current trends, the locality has been in trouble because of litigation in the past (and these issues are yet to be entirely resolved). It’s always better to be safe than sorry.
LDA City spans 60,000 kanals and is slated to be the largest housing project in Punjab. The authorities will take years to develop it, so if you are looking to call LDA City home then know that you’re going to be in for a wait. Short-term investors, on the other hand, can make big gains through the society.
That all I have to share about LDA City for now. If you have any queries, feel free to discuss them with me in the comments section below.