{"id":19333,"date":"2016-02-24T17:59:04","date_gmt":"2016-02-24T12:59:04","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=19333"},"modified":"2020-02-12T15:09:24","modified_gmt":"2020-02-12T10:09:24","slug":"whats-up-with-lda-city","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/whats-up-with-lda-city.html","title":{"rendered":"What\u2019s up with LDA City?"},"content":{"rendered":"

\"LDA-City\"<\/a><\/p>\n

Located on Ferozepur Road, LDA City<\/a> is said to be the largest housing project in Pakistan and the Lahore Development Authority (LDA) has planned to execute it with development partners such as Paragon City (Pvt) Ltd, Alpha Estate, Urban Developers, Maymar and Pak Estates.<\/p>\n

The project faced controversy last year when the National Accountability Bureau (NAB) intervened to scrutinise its records after being solicited by stakeholders. However, the LDA responded to the allegations and clarified how the society\u2019s affairs are transparently being dealt with. You can read more about it here<\/a>.<\/p>\n

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

Project stakeholders have been waiting for development work to start in the locality for quite some time now. I have heard that the development of the main access road is underway and almost 90% of the land required for the project has been acquired.<\/p>\n

According to sources, development work was supposed to start a few months ago, however, the budget for its development was then allocated to the Orange Line Metro Train project. The upcoming budget is expected to have a chunk reserved for LDA City and once funds have been allocated, development work will most likely commence in September this year. However, the LDA has not made any official announcements regarding this just yet.<\/p>\n

Sale-purchase activity <\/strong><\/p>\n

Since LDA City shows no particular traces of development yet, investor sentiment is somewhat unstable because of which the locality is not witnessing impressive sale-purchase activity these days. But activity will probably pick up once development work has been initiated.<\/p>\n

Prices<\/strong><\/p>\n

Because of the same reason, property prices in the locality have not been able to show an upward trend in the recent past.<\/p>\n

The booking price of different categories of plots is as follows:<\/p>\n\n\n\n\n\n\n
Plot Category<\/strong><\/td>\nPrice<\/strong><\/td>\n<\/tr>\n
5 Marla<\/td>\nPKR 1,250,000<\/td>\n<\/tr>\n
10 Marla<\/td>\nPKR 1,880,000<\/td>\n<\/tr>\n
1 Kanal<\/td>\nPKR 3,250,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Yet, the average market price of these plots has plunged. Please see the table below to have an idea of market value of properties in LDA City right now.<\/p>\n\n\n\n\n\n\n
Plot category<\/strong><\/td>\nPrice<\/strong><\/td>\n<\/tr>\n
5 Marla<\/td>\nPKR 9,500,000<\/td>\n<\/tr>\n
10 Marla<\/td>\nPKR 1500,000 to PKR 1,600,000<\/td>\n<\/tr>\n
1 Kanal<\/td>\nPKR 2,800,000 to PKR 2,900,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note: <\/em><\/strong>Different sources may quote different market prices <\/em><\/p>\n

Should you invest in LDA City?<\/strong><\/p>\n

LDA City might have good investment potential in the longer run. If development work is started in September, only then would it be advisable to invest here. Otherwise, property prices are already on the rocks.<\/p>\n

That\u2019s all about LDA City for the day. If you have any further queries about the project in mind, please feel free to converse with me in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located on Ferozepur Road, LDA City is said to be the largest housing project in Pakistan and the Lahore Development Authority (LDA) has planned to execute it with development partners such as Paragon City (Pvt) Ltd, Alpha Estate, Urban Developers, Maymar and Pak Estates. The project faced controversy last year when the National Accountability Bureau (NAB) intervened to scrutinise its records after being solicited by stakeholders. However, the LDA responded to the allegations and clarified how the society\u2019s affairs are transparently being dealt with. You can read more about it here. Current status Project stakeholders have been waiting for development work to start in the locality for quite some time now. I have heard that the development of the main access road is underway and almost 90% of the land required for the project has been acquired. According to sources, development work was supposed to start a few months ago, however, the budget for its development was then allocated to the Orange Line Metro Train project. The upcoming budget is expected to have a chunk reserved for LDA City and once funds have been allocated, development work will most likely commence in September this year. However, the LDA has not…<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[],"persona":[],"class_list":{"0":"post-19333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-new-developments","7":"cat-15016-id"},"acf":[],"yoast_head":"\nWhat\u2019s up with LDA City? - Zameen News<\/title>\n<meta name=\"description\" content=\"Located on Ferozepur Road, LDA City is said to be the largest housing project in Pakistan and the Lahore Development Authority (LDA) has planned to\" \/>\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\/news\/whats-up-with-lda-city.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s up with LDA City? 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