LDA City Lahore, Investment Plan for The Plot Holders

LDA City Lahore, Investment Plan for The Plot Holders

LDA City Lahore is a public project and one of Punjab's biggest housing projects. The place is on Ferozepur Road, in the proximity of the renowned Lahore Ring Road, approximately 1.5 kilometers from the metro terminal station of the city. LDA City attracted a lot of attention–and investment–in the city due to its ideal place.

Now, there is great news for investors who purchased plot files after its launch in the project. The LDA City Lahore ballot will be held shortly.

BALLOTING FOR LDA CITY LAHORE has started

The governing authority for the project is set to assign 9,000 file owners to ballot for LDA City Lahore in latest media reports. The event is scheduled for 21 December.

Around 11,000 kanal land was assigned for the allocation on the 13,000 kanal lands along the Butcher Khanna Distributary, near Ferozepur Road.

Development is currently in progress in an area of 6,200 kanal. Three contractors currently are working in two shifts to speed the process in order to fulfil the time-frame set by the Supreme Court. The plots would be given to owners of the respective file owners of the LDA City after the land is developed.

In addition, in all LDA City projects, the LDA has also assigned 3 billion PKR to the development works.

The LDA City Lahore Phase 1 development work was split into seven packages and most of the work has been done in packages 2, 3 and 5. Package 2 of LDA City Lahore needs to be developed at around PKR 99 crore and 31 lakhs.

there is GOOD news FOR PLOT FILE HOLDERS OF LDA CITY LAHORE

There is another reason to celebrate the happiness for people who have eagerly awaited the allocation of plot numbers. The Lahore Development Authority has reportedly cut its development costs by almost 50%.

For example, the construction costs for a residential 1-Kanal plot file in LDA City Lahore were PKR 2.5 million initially. Due to recent amendments, however, plot file holders who bought 1 Kanal plot files from private developers will have to pay 1,25 million PKR. If you purchased a plot file from personal builders for a 1 Kanal housing plot, you will only have to pay PKR 1.25 million for development.

Same with 5 plots Marla files and 10 plots Marla file owners. The construction costs charges by LDA City would be PKR 1.675 million for a 10 Marla plot. The cost, however, would be PKR 837,500 for those who purchased the 10 Marla plot file from private developers.

Read More: Is investing in LDA City is safe for the investors?

DEVELOPMENT WORK is scheduled within 7 stages

According to a news article, the construction work in the LDA City will be divided in 7 packages, according to the LDA Chief Engineer Mazhar Hussain Khan. Initially, the development work under Package 5 of the housing project was carried out. Experienced contractors for packages 2 and 3 have also been employed, and development work in these areas has started.

ear marked land for mosque and central park

The project's details were also shared by the LDA's director-General, Muhammad Usman Moazzam. He told us that the design layout includes a central park, which would be built on 330 Kanals. The main area is fixed only for a centre currently al mosque in the housing scheme. The mosque will be constructed on some 16 Kanal of area. For the visually impaired in LDA City, a world-class cricket stadium will be constructed. There are also plans to construct a graveyard and sports complex and for this purpose authorities have designated a place.

LDA has given the city file status, which you can use for verifying your documents on their official website, in order to guarantee transparency and to protect the property rights of all plot file owners. You will input the number of the file here.

 currently available plots for INVESTMENT IN LDA CITY LAHORE

If you want to invest in LDA City Lahore, look at the prices of currently available plot files. The PKR 14.5 lakh 5 Marla plot file is ready to sale on PKR 18 lakh. ⠀It's an opportunity for those who want to buy 10 Marla plot files, they can get it within range of 22 lakh to PKR 30 lakh. You need to have a budget of PKR 36-38 lakh to purchase a 1 Kanal plot file in LDA City Lahore.

KDA’s New Affordable Housing Scheme: This is What You Can Expect from The Project

KDA’s New Affordable Housing Scheme

The Karachi Development Authority (KDA) is set to launch four new housing schemes to assist individuals in Karachi buying affordable homes. For a town like K-Town, which happens to be one of Pakistan's most successful real estate markets, this is excellent news.

An important proportion of the city's population depends on the state to provide affordable housing units. KDA's low-cost housing schemes in Karachi are anticipated to generate a multitude of possibilities for investment in property for that section of society.

KDA 'S LOW COST HOUSE IN KARACHI: LATEST UPDATE

KDA Director-General Dr. Badar Jamil Mandhro told a local TV channel that the development authority will announce in Karachi shortly officially affordable housing schemes. Among those seeking to be homeowners, this news has brought a lot of enthusiasm.

According to the local government secretary, these housing schemes will be built for lower-income individuals to tackle their housing requirements and assist them improve their living standards.

Moreover, at some of the city's most sought-after places, these affordable housing systems will be introduced in Karachi. This is all the more justification why individuals are keen to learn more about the venture and want to learn how to register in Karachi for low-cost accommodation systems from KDA.

WHERE IS KDA GOING TO LAUNCH THESE AFFORDABLE HOUSING SCHEMES?

As stated above, the need for the hour is new houses in a big town like Karachi. Karachi Development Authority has selected residential areas that accommodate a significant population and already have most of the fundamental facilities required to live a pleasant life.

In Surjani Town, Federal B Area Block-1, Korangi and KDA Scheme-1, the KDA residential system in Karachi will be introduced. It will be correctly publicized in journals once this initiative is formally introduced.

WHAT WILL AREA SIZES OF THE HOUSE EXPECTED?

"The residential systems comprise both apartments and farms comprising 80 square yards, 120 square yards, 200 square yards and 240 square yards, according to a media study released in a local English newspaper. These will be the KDA's first residential plans in 20 years. The last one was the residential system close the Five Star Chowrangi of North Nazimabad in 1999.

The residential system is also anticipated to have higher increases in line with PM's idea of vertical cities. These elevated increases will also include green space and will fit more individuals in a smaller square footage region.

Let's explain in depth each region where KDA is going to start the scheme. In these popular areas, we will also take a look at the property prices.

SURJANI TOWN

One of Gadap Town's neighborhoods, Surjani Town is just 18 minutes from New Karachi, a really well-reviewed location in town. It has 17 sectors. It covers a region of 6,600 acres of property belonging to the Development Authority of Karachi. Among the 17 sectors of Surjani Town, as reported by a local TV channel news article, the 15 areas were laid aside for residential systems initiated by the KDA in 1984.

You will find plots and houses in Surjani Town that are largely smaller in size. These are 60, 80 and 120 square yd ranges. In Surjani Town, you can also purchase ready-to-move buildings that will charge you between PKR 15 lakh and PKR 1.5 crore anywhere.

FEDERAL B. AREA BLOCK-1

Federal B. Area is one of Karachi's earliest residential communities from the 1950s. It has multiple buildings that offer affordable homes to citizens of Karachi. Gulberg Town is also regarded as the Federal B. Area. It's dividing into 21 sections. Of the 21 blocks, the housing area consists of 20 buildings and the residual one consists of the commercial region.

Surrounded by North Nazimabad, Buffer Zone and Liaquatabad, Federal B. Area enjoys a key place. Federal B. Area Block 1 is on Shahrah-i-Pakistan's southern hand. The Karachi Circular Railway Track separates these blocks from the Liaquatabad area.

Because of its main place, people purchasing houses and plots in Federal B. Area Block-1. Houses from PKR 1.8 crore to PKR 2.9 crore can be found in Federal B. Area Block-1.

Related: Karachi Will Have Four New Housing Schemes

KORANGI

Korangi is a large populated area in Karachi that includes nine union councils and is a famous region among the middle-income group. People tend to live in this portion of the town because it provides its residents with almost all the essential necessities. There is also access to health care facilities, universities, universities and organizations of higher education.

A number of houses and properties in Korangi are available for sale. Houses for purchase in Korangi Town, based on their magnitude and closeness to different facilities, would be between PKR 19 lakh to PKR 6.5 crore.

KDA SCHEME-1 (Karachi Development Authority)

KDA began its development plan with the launch of its first KDA Scheme-1 project in Karachi. It was built in 1959 by Pakistan's government order for the development of Karachi and also for the rehabilitation of refugees. KDA Scheme-1 offers plenty of luxurious homes and apartments. But the region is much more than just nice houses.

Due to its prime location and number of amenities offered to its residents, people buy houses in KDA Scheme-1. You can buy ready-to-move houses in KDA Scheme-1 from PKR 5 crore to PKR 25 crore anywhere.

So, these were the recent reviews in Karachi on KDA's low-cost housing schemes. You can also find out on our blog Naya Pakistan Housing Scheme, another famous low-cost residential scheme that the state has introduced. Read our article about how to apply for the Naya Pakistan Housing Program internet. Since the method has been digitized, registration in NPHP requires only 10 minutes.

As shortly as there is a formal announcement regarding KDA's low-cost housing scheme in Karachi, we will share more information. Stay tuned to the best property blog in Pakistan for more articles linked to real estate.

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State Life Housing Society Phase 1

SLCHS (State life insurance employees co-operative housing society) is a private housing scheme to facilitate the state life and insurance employees. The largest housing society which is providing renovated homes in state life housing scheme.

The idea of this Housing Society was floated in 1988. It was registered by the Deputy Registrar Cooperatives under registration No. 1285 on 9-10-88. The society got the town planning of Phase – I have done from M/S. NESPAK over an area of 2621 kanals. On 03-10-1994 This project was approved by the District Council Lahore Revised plan of Phase – I over an area of 4150 Kanals is submitted to Nishtar Town for approval.

The residential area of sate life housing society is comprised of two phases, Phase I and phase II having a total area of about 5000 Kanals and 5500 Kanals respectively. In Phase – I the number of fully constructed Houses are 1425 and the number of under construction Houses is 450.

Location:

It is located near to Lahore Ring Road and DHA and just a 13.6km from Allama Iqbal International Airport. There are a number of top schools and commercial facilities just a few minutes’ away from society.

Plot size:

Phase I residential area is divided into different sized plots, the Number 1 Kanal Plots are 1356,10 Marla’s Plots are 749 and 5 Marla’s Plots are 1569.

And Phase II residential area is also divided into different sized plots as well, number of 1 Kanal Plots are 6311, 10 Marla’s Plots 1630 and 5 Marla’s Plots are 606.

Infrastructural Facilities:

A property portal that presented state of art services and features, which are as follows:

·        30 feet wide roads

·        Nearby water purifying plant

·        Electricity

·        Sui gas

·        Sewerage

·        Boundary wall

·        Near Mosque

·        Ideal location for residency

·        Nearby main gate

·        Nearby Parks

·        Nearby educational institutes

·        Nearby Shopping malls

·        Public Transport service

·        Close by restaurants and café

There are two water head tanks having the capacity of 100,000 Gallons and multiple functioning tube-wells for the continual supply of water to the residents of this society. 

A well-built sewerage system of 15.56km with an additional of 4.82 km of rain drainage network, well-developed roads are 18.7 km lengthy, electricity is being supplied to the residents through one 400 KVA Transformer and four additional 200 KVA Transformers, Sui gas connections are also available in Phase-I.

State life housing is equipped with advanced infrastructure including sanitation, roads, and a proper transportation system. Moreover, the capacity of the sewerage water storage is 318,056 liters and a pumping unit is also installed over there for draining the sewerage into the main drain.

If you are looking to make investment in State Life Housing Society real estate homes then State Life is an ideal resource. For more information follow Rightdeed.com, if you have any suggestions post a comment below.  

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All About Dream Gardens Lahore Plots for Sale

Far from any sorts of doubts, Dream Garden Lahore Phase 2 is an extraordinary and model housing society. It provides state of the art peaceful living to its dwellers filled up with all sorts of amenities and facilities of everyday life.

No need to mention, the developers of Dream Garden Lahore Phase 2 are Izhar Monnoo Developers. After the success of the Phase I of the same society they have decided to launch this new project by the name of Dream Gardens Phase-II.

The LDA approved Dream Garden Lahore Phase 2 is ideally located on Defense Road. It is fully packed with real time improved amenities which would be a blessing for its dwellers offering them residential plots, residential (ready-to-live) fully constructed houses. There are also ideally located commercial plots of 5 to 30 Marla where you can start your next financially ideal business plan.

Why should you invest in Dream Garden Lahore Phase 2?

Though there are many reasons for your investment in Dream Garden Lahore Phase 2, it is the safest place for your future plans and life savings investments as it is one of the top approved societies on sale. Moreover, it has been flawlessly approved by all the PHA, LDA, LESCO, and WASA etc.

The Payment Structure of Dream Garden Lahore Phase 2

As mentioned earlier, due to many reasons Dream Garden Lahore Phase 2 has become an ideal scheme for all the potential investors and those who have a mind to dwell in a peaceful environment. It is also a worthy project in terms of unique and most affordable payment plan comprising of possession rights just 30% of the total price. 

The Residential Plan is as follows:

Plan for Plots

5 Marla plots For Sale in Lahore, 7 Marla plots For Sale in Lahore, 10 Marla plots For Sale in Lahore, 1 Kanal plots For Sale in Lahore & 30 Marla plots For Sale in Lahore 

Plan for Houses

5 Marla houses For Sale in Lahore, 7 Marla houses For Sale in Lahore, 10 Marla houses For Sale in Lahore, 1 Kanal houses For Sale in Lahore & 30 Marla houses For Sale in Lahore

Plan for Commercial opportunities

6 Marla Commercial plots for Sale in Lahore, 5 Marla Commercial plots for Sale in Lahore & 8 Marla Commercial plot for Sale in Lahore

Along with the above-mentioned qualities, major Project features of Dream Garden Lahore Phase 2 are as follows:

Comprising of Lahore's first urban forest

Most secure gated residential and commercial community

Carpeted roads (35 to 150 ft. wide)

24 Hours security

Society’s own mobile security squads  

Bahria University

Underground electric line

Construction material used in each house is of the highest grade

Corporate Office Space

Birds Park

Designer Plantation

Moreover, the Dream Garden Lahore Phase 2 has the easiest access to the following premium educational institutes:

Comsats

BNU

UOL

UCP

Locational Edge and Distance benefits are as follows:

Lahore Ring Road is 5.5 km

Bhubtian Chowk is 5.5 km

Raiwind Road is 7 km

LDA Avenue-I is 3.9 km

M-2 Motorway is 10 km

Thokar Niaz Baig is 12 km

The Payment Plan is as follows:

RESIDENTIAL PLOTS (PLOT PHASE- 2)
Area	Booking	Percentage per instalment	Total (PKR)
5 Marla	30%	7.27%	PKR 54.08 Lakh
30 Marla	30%	1.45%	2.63 Crore

COMMERCIAL PLOTS
Area	Booking	Percentage per instalment	Total (PKR)
6 Marla	30%	7.27%	PKR 2.47 Crore -
10 Marla	30%	1.45%	4.12 Crore

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