What is LDA and its Real Estate Project LDA City Lahore?

What is LDA and its real estate project LDA City Lahore

LDA City Lahore is a project of LDA. It, therefore, comes directly under its supervision. LDA City Lahore being managed by the LDA itself is expected to be one of the significant housing names in Lahore City. This article, therefore, seeks to briefly overview this housing project.

LDA: What it is and What it does?

Lahore Development Authority, better known as the LDA, is responsible for any new development taking place in Lahore city.

It is the relevant authority for regulating and permitting the new constructions. Its jurisdiction is on: housing projects, private houses, and commercial developments.

In addition to that, it also manages and oversees parks and green areas in Lahore.

By its website, it is inferred that it endeavors on making Lahore: “one of the thirty leading educational, cultural, commercial, industrial, and information technology centers of the world by 2020”.

LDA City Lahore: Overview

This housing project aims to provide housing facilities to some 50,000 families. Its master plan is spread at 41,000 Kanal of clean real-estate land. The project is being developed at the required pace and is being monitored all the time by the LDA authorities. 

LDA is leaving no stone unturned for making LDA City Lahore a manifestation of what an ideal housing society should be like. It has, for that matter, also collaborated with many experienced and diverse names of the real estate industry. 

This collaboration and partnership amongst LDA and others is strategic in its nature. It ensures that this project’s development meets the quality standards at all times. Also, the provisions and installations are also being emphasized. In addition to that, the quality of the sewerage systems and the road networks is also being prioritized.

LDA City Lahore is aimed to be built at the latest urban practices. It is also aimed to have included the facilities of the latest urban lifestyle. For that purpose, the land division within this project is based on modern urban and town planning practices.

As part of the standard urban land-zoning: around 45 % of the land is allocated for residential purposes, some 10 % is allocated to carry commercial purposes, while the rest of the land is to be for roads, parks, recreational purposes, graveyards, public spaces, etc.

LDA City Lahore: Beginning Phase

LDA Lahore city is spread over three phases initially. The LDA City Phase 1 is the starting phase of this project.

PHASE 1:

This is the very first phase of this housing project. For its part, 13,000 Kanal land has been allocated out of the total 41,000 Kanal land. It is thus estimated that this phase will be providing houses to some 11,000 families. 

This phase, also known as the Jinnah Sector, is spread over 15 blocks. The first block starts from block A and continues until block Q. Also, this phase is built along the main boulevard of the society that is some 300-feet wide.

LDA City Lahore Map

The map of this housing project reveals that besides being a housing society of the highest quality it also enjoys a central location in the city. It is located near the Gajju Matta Metrobus station. Also, importantly, it faces the south side of Lahore’s Ring Road.

Due to its near locality to the central part of the city, the entry points for this housing scheme are from much easier routes of the city: Ferozepur Road, Defence Road, and the Ring Road.

As for the entry point from the Ferozpur road is concerned, it opens directly to phase 1 of this society. This indicates that this route in particular will be very suitable for anyone within the society and outside the society. That is for reaching-in and leaving-out.

Furthermore, the following are some of the facts regarding the prime location of this housing society:

  1. It is at 15 minutes drive from Allama Iqbal International Airport
  2. Its locality is opposite DHA Phase 9 Prism and Phase 10 on the other side of Ferozepur Road
  3. It is adjacent to Lake City, Valencia, and DHA Rahbar 

    What is LDA and its real estate project LDA City Lahore
    What is LDA and its real estate project LDA City Lahore?

LDA City Lahore and Amenities

The facilities and amenities which are expected to be provided by this LDA’s housing project are:

– Community center

-Grand mosque

-Mosques and parks in every sector

-Area markets and shopping malls

-Hospital

-Sports complex

-Blind cricket stadium

-Health and fitness club

-Cineplex and mini-zoo

-A 300-Kanal theme park

-An 18-hole golf course of international standards

LDA City Lahore payment plan

The installment plan for the LDA City Lahore is divided into 6 east installments. Down Payments vary from one marla to another. Nonetheless, on complete payment, there is a discount of 10 %. 

The complete payment plan follows as:

Payment Mode 5 Marla 10 Marla 1 Kanal
Price 1,390,000 1,990,000 3,490,000
Down payment 290,000 490,000 690,000
1st installment 200,000 300,000 540,000
2nd installment 200,000 300,000 540,000
3rd installment 200,000 300,000 540,000
4th installment 200,000 300,000 540,000
5th installment 15,000 15,000 320,000
6th installment 15,000 15,000 320,000

LDA City Lahore Plot Prices

The prices in this housing project for 5 marlas, 10 marlas, and 1 Kanal plot are 800,000, 1,380,000, and 2,300,000 respectively. 

The development charges are at 50 percent discount, and it follows as:

Plot Size Development Charges (PKR)
5 Marla 400,000 (50% of 800,000)
10 Marla 690,000 (50% of 1,380,000)
1 Kanal 1,150,000 (50% of 2,300,000)

It is pertinent to mention that the mentioned prices are in accordance with the payment plan underlined in the month of February. Although the payment plan since then is still followed, it should not be considered as final.

Nevertheless, in case of any query relating to any matter of this project, please reach out to Property Buy Rent at the numbers:
0320-7382213
or
0320-7382732

LDA City Lahore File Prices

The file prices for LDA City Lahore follows as below. However, importantly, prices can be subjected to change without any given notice. It is therefore important to be up-to-date with the LDA latest news.

Residential File  Net Price (PKR)
5 Marla 2,395,000
10 Marla 3,550,000
1 Kanal 5,375,000

*Rupees 5,000 will also be charged as part of documentation and processing fees.

Conclusion

The LDA City Lahore seems to be destined as a successful housing project in the history of Lahore; thanks to the LDA being the direct stakeholder. However, that will still be earlier to predict anything owing to the dynamic, unstable precisely, system of Pakistan.

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