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Bin Alam City – Location, Payment Plan, Development Status

Bin Alam City – Location, Payment Plan, Development Status

Like many other emerging housing schemes situated in the suburbs of Lahore, Bin Alam City is also one that is recently launched by Bin Alam developers. When it comes to the value adding factors, many elements come into play including affordable plots, availability of easy installments, proximity to Lahore’s new infrastructural developments, great location and good potential for development. Let’s take a view at its location advantages.

Bin Alam City Location

Bin Alam City is located near Thokar Niaz Baig on Kataar Band Road which provides the housing scheme easy access to all parts of Lahore. NAB office, Model Bazar, Daewoo bus stand, Rescue 1122 academy, and training center are located in proximity. Meanwhile, Lahore Motorway Interchange, University of Lahore and Emporium Mall are located at a 5 to 10 minute drive from the housing scheme. Lastly, an Orange Line Metro Station is also going to be located nearby.

Bin Alam City Development Status

Development work in Bin Alam City is underway and some significant development activities was taking place before Ramazan, however, things naturally slowed down during the sacred month but now the development is expected to pick up speed again. Boundary wall has been completed. The main boulevard has been leveled and carpeting will be completed within next two to three months. It is expected the development to jump again on fast track as Bin Alam Developers have planned to organize a ceremony and balloting in next three months and they proposed to present a significant level of development to the potential investors and buyers during that ceremony.

Bin Alam City Plot Prices & Payment plan

The payment plan was launched about five months ago, so five of the monthly installments have already been paid. However, the plots are still available on launching prices and the payment plan spans four years, so plots are still available on a small percentage of the total amount (Down payment and five monthly installments). The rest can be paid in monthly installments. Below is the detailed payment plan with all plots prices.

Size

Down Payment Monthly Installments Semi Annual Balloting Possession

Total Amount

3 Marla

395,000 11,145 90,000 150,000 150,000

1,950,000

5 Marla

595,000 18,645 120,000 250,000 250,000

2,950,000

7 Marla

795,000 26,145 150,000 350,000 350,000

3,950,000

10 Marla

995,000 39,270 190,000 500,000 500,000

5,400,000

1 Kanal 1,500,000 53,750 365,000 1,000,000 1,000,000

9,000,000

 

Bin Alam City Investment Potential

Bin Alam City is considered good as an investment option being in Lahore. As the present prices of Bin Alam City match with those of open lands in the same area and even much better as Bin Alam City plots include access to 40-feet wide streets. It is proposed to offer all basic amenities of a luxurious life style. Moreover, the location is fantastic and all the amenities and luxuries will be a mere 5- to 10-minute drive away he stated.

The housing scheme is going to revise its prices after balloting, so it is recommended to invest soon to get more against your money. If you can hold your property for 3 to 6 months in Bin Alam City from now, you can expect decent profits in next three to six months but the more you hold much higher scale profits you can earn out of your investment. Great profits can be expected in two years and prices can be expected to double by the time payment plan ends. Alam Residency can be quoted as the same example which is another project of Bin Alam Developers, where prices have doubled in the past four years, since they handed over possession.

Feel free to contact our realtor if you are interested to buy a plot in Bin Alam City and keep visiting Jaidad Group for further real estate news and updates.

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