All the Details that will Influence you to Consider LDA City
Lahore city also is known as the Heart of Pakistan is the second most populous city in the country and maintain the position of the beautiful cities in the country. Due to its increasing population and urbanization in the city. Every year about 0.3 million peoples added to the city’s population and to regulate this rapid increase of population in the city Lahore development authority (LDA) has hurled its own housing society the LDA city housing scheme.
LDA city is among the few housing projects which have the potential to attracts new investors and buyers currently. This housing society is one of the best housing societies in the country due to its beautiful location and providing excellent amenities to its residents which attracts new investors.
According to some sources the housing society is having some minor issues but under the brand name LDA these issues will not grow on the higher level, the housing society may face some delays in their work, but it can be assured that the investment in the housing society is worth to consider.
LDA city is ideally located at the main Ferozepur road which lies near the Kalma Chowk and Lahore international airport after 15 minutes’ drive. This housing society is located near the Lahore ring road interchange on Gaju Matah. Having an ideal location is one of the main facts which has made the housing society to be one of the best housing projects in the city.
The brilliant amenities provided by the LDA city to its residents are as follow:
- Community Center
- Best Health Facilities
- Super Markets
- Shopping Malls
- The route to Metro Bus Service
- Theme Parks
- International Standard 18-hole Golf course
- Top Educational Institutions
- Recreational facilities for kids and families
The housing society spread over the area of 60,000 Kanal which make the society the largest housing society in the Punjab region. LDA city is divided into 3 phases and the booking of plots in phase 1 has been started and after the completion of phase 1 then phase 2 and phase 3 will be started.
Plot Size and Price
The prices in LDA City are exceptionally appealing when contrasted with other housing schemes in the region, this makes it an alluring investment opportunity for the new investors. The housing scheme is offering 5 Marla, 10 Marla, 1 Kanal and 2 Kanal residential plots and the prices of these plots differ with the change in the size of the plot.
Plot Size Price in PKR
5 Marla 1,400,000 - 1,500,000
10 Marla 2,200,000
1 Kanal 3,300,000 – 3,790,000
2 Kanal 7,490,000
The price of 2 Kanal plot size will be paid fully at the time of purchasing. According to some sources, the half of the development charges have already been adjusted in the prices of the plot and the other half of the development charges are as follow:
Plot Size Development Charges in PKR
5 Marla 300,000
10 Marla 600,000
1 Kanal 900,000
2 Kanal 1,200,000
The current market status has been down recently and the evidence of that is the decrement in the prices. The reason of the market being so down according to some sources is due to the stoppage of development and involvement of the regulatory bodies. But according to the guidance of NAB, the development will begin shortly, and the market will have stabilized.
The LDA city authorities are working day and night to gives most ideal facilities to its residents and there have been a few endeavors improved the situation for the flourishment of the society. Recently the developers are very focused on developing road networks for the society. Currently, their focus is on the main boulevard of sector 5 which is in its final stages.
Interest for buyers
According to the reliable sources, the 5 Marla plot would be ideal for investment in the society, but the fact cannot be denied that investment majorly depends upon the buyer ’s budget, if he has a budget which can support him to invest in the bigger projects, so he should.
That’s all from this article if you are looking to invest in LDA city and do you have any question about it? You can share your thoughts with us in the comment section or you can also visit rightdeed.com for further detailed conversation.