{"id":24851,"date":"2017-02-06T17:40:31","date_gmt":"2017-02-06T12:40:31","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=24851"},"modified":"2017-12-11T12:30:01","modified_gmt":"2017-12-11T07:30:01","slug":"will-2017-prove-to-be-a-better-year-for-lda-avenue-i","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/will-2017-prove-to-be-a-better-year-for-lda-avenue-i.html","title":{"rendered":"Will 2017 prove to be a better year for LDA Avenue I?"},"content":{"rendered":"

\"will-2017-prove-to-be-a-better-year-for-lda-avenue-i\"<\/p>\n

Although LDA Avenue I<\/a> enjoys a stupendous location on Raiwind Road, the society has not been able to witness much growth in the last few years because of litigation issues. Will things turn around for the society in 2017? Let\u2019s find out.<\/p>\n

After the new tax regime kicked in during July 2016, most sale-purchase activity dropped for many societies. However, it hit the litigation laden LDA Avenue I harder.<\/p>\n

According to Zameen.com\u2019s stats, the average price of 1-kanal plots in the locality dropped by 1.43% in 2016. Although the story was different for 10-marla plots, which saw an increase of 1.62%.<\/p>\n

My sources now tell me that sale-purchase activity in LDA Avenue I has picked up during the last week. Even average prices for 10-marla and 1-kanal plots have seen a jump.<\/p>\n

At the moment, houses are under construction in Blocks A, B, G and M, but litigation issues continue to prevail in many other blocks. Despite the Lahore Development Authority (LDA) holding two separate ballots to allot alternate plots to compensate its victims, many plot owners are still waiting.<\/p>\n

The following map shows the parts of the society that are currently under dispute due to litigation (in red):<\/p>\n

\"lda-avenue-1\"<\/p>\n

The table below can give you a better idea about the current market prices of plots in LDA Avenue I:<\/p>\n\n\n\n\n\n
Plot type<\/td>\nPrice range<\/td>\n<\/tr>\n
1-kanal<\/td>\nPKR 6,500,000 to PKR 8,500,000<\/td>\n<\/tr>\n
10-marla<\/td>\nPKR 3,500,000 to PKR 6,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The value of 1-kanal plots on LDA Avenue I\u2019s main boulevard can go as high as PKR 22,500,000.<\/p>\n

What is the future of LDA Avenue I?<\/strong><\/p>\n

As mentioned before, LDA Avenue I has an excellent location, but the civic authority has to find solutions for its litigation issues. That\u2019s the only way for it to become a favourite amongst investors; otherwise, stability in prices will continue to prevail here.<\/p>\n

That\u2019s all I\u2019ve got on LDA Avenue I for today. If you have any queries about the society, shoot them my way in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Although LDA Avenue I enjoys a stupendous location on Raiwind Road, the society has not been able to witness much growth in the last few years because of litigation issues. Will things turn around for the society in 2017? Let\u2019s find out. After the new tax regime kicked in during July 2016, most sale-purchase activity dropped for many societies. However, it hit the litigation laden LDA Avenue I harder. According to Zameen.com\u2019s stats, the average price of 1-kanal plots in the locality dropped by 1.43% in 2016. Although the story was different for 10-marla plots, which saw an increase of 1.62%. My sources now tell me that sale-purchase activity in LDA Avenue I has picked up during the last week. Even average prices for 10-marla and 1-kanal plots have seen a jump. At the moment, houses are under construction in Blocks A, B, G and M, but litigation issues continue to prevail in many other blocks. Despite the Lahore Development Authority (LDA) holding two separate ballots to allot alternate plots to compensate its victims, many plot owners are still waiting. The following map shows the parts of the society that are currently under dispute due to litigation (in red): The…<\/p>\n","protected":false},"author":14,"featured_media":24856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"persona":[],"class_list":["post-24851","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"\nWill 2017 prove to be a better year for LDA Avenue I? - Zameen News<\/title>\n<meta name=\"description\" content=\"Although LDA Avenue I enjoys a stupendous location on Raiwind Road, the society has not been able to witness much growth in the last few years because of\" \/>\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\/will-2017-prove-to-be-a-better-year-for-lda-avenue-i.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will 2017 prove to be a better year for LDA Avenue I? 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