Lahore Smart City launches Commercial
Lahore Smart City (LSC) is an influential project developing under Future Development Holdings and Habib Rafiq Limited. The society of Lahore Smart City launches commercial plots. The dedication towards providing excellent lodging options available to the inhabitants of Lahore is resulting in them apportioning a land of 20,000 Kanal for the venture. Moreover, It is located on Lahore Bypass near Lahore Interchange, which is easily accessible through the Grand Trunk Road Lahore and Lahore-Sialkot Motorway. The Lahore Smart City is divided into three main blocks; General Block, Overseas Block and Executive Block.
In addition, A few salient features of the society include top-notch security, health clubs, educational institutes, shopping malls, sports districts and hotels. Furthermore, Lahore Smart City’s No Objection Certificate (NOC) is officially approved by Lahore Development Authority (LDA). However, first availability is of residential plots only , but the ground-breaking good news is that recently in August 2021, they also launched commercial plots.
Regarding more information about the society, read: Lahore Smart City
Lahore Smart City’s Commercial Plots
LSC’s latest briefing for investors is the launch of commercial plots of 4 Marla, measuring 100sq. Yards and 8 Marla, measuring 200 sq. Yard.
The commercial plots is located in the executive and overseas block of Lahore Smart City. In addition, Executive block commercial is situated adjoining a residential area that is easily accessible via Executive Boulevard and Executive block is residing in front of the sports district. Furthermore, the overseas commercial sector is located opposite the theme park, near the gate precinct, which is the entrance of the society. In addition, the entire overseas area lies along the entrance area of Lahore Smart City; therefore, attracting many investors. Hence, It is one of the best investments and a business opportunity for the people of Lahore. It is available for sale on a first-come, first-served basis.
The commercial plots is very appealing; thus, it is limited, and demand is very high. Furthermore, the price is very reasonable at the current time. Unfortunately, as the demand is considerable and the availability is less, the commercial plot is resurfacing with a huge premium, nearly one million above the actual down payment that has to be paid. Moreover, LSC recently announced that they will not launch any new commercial plots for the next 1.5 years. As a result, the availability is limited, and the price trend is expected to increase over time. Capital Smart City is rendering great returns over time, and it is anticipated that Lahore Smart City’s commercial property has even higher potential.
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The 4 and 8 Marla property sizes is ideal for small to medium rise commercial buildings and serve as an opportunity for businesses to target these areas for future ventures. Moreover, availability is limited, it is one leading cause of price increment in the future.
The cost for the commercial plots has been stated below:
- 4 Marla is available for Rs. 8,950,000
- 8 Marla is available for Rs. 17,450,000
- 4 Marla is available for Rs. 9,450,000
- 8 Marla is available for 17,950,000
Furthermore, quarterly instalments plan is introduced, and total payment is to be cleared in 14 quarterly instalments within three years to enhance the feasibility of customers. For booking charges of commercial plots, is a 10% down payment in conjunction with 7-10% of the total plot price as property own by means of confirmation charges. The increase in demand and low supply is causing the 7-10% property own. The remaining dues systematically cleared in quarterly instalments.
Certain terms and conditions apply:
- A 10% extra charge on the total price is taxed for certain category plots such as a corner, park facing, and main road.
- 15% of the total price is charged additionally for Main Boulevard plots.
The payment plan has been mentioned below:
The Lahore smart City is serving true to its title in reality. It is a smart city with all the modern development available. It is created with all urban arranging town standards and is maintaining profoundly robotized mechanisms. Moreover, the Society is consistently utilizing technologies, housing data, and other information to improve infrastructure and solve problems. The launch of commercial plots promises high-profit margins that the investors expect in the future. Moreover, FDHL and Habib Rafiq is highly dedicated to making it the most appealing society of Lahore and Pakistan with all the modern luxuries.
Contact Estate Land Marketing for more information regarding bookings and ensure that you do not let this fantastic opportunity run out. Our highly trained professionals who have expertise in this field will guide you throughout the process. Call or visit us; we will be happy to help our clients!