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Lake City Lahore – Development Update & Current Market Situation

Lake City Lahore – Development Update & Current Market Situation

Lake City Lahore has been highly popular for offering high-end luxury living with state of the art amenities in a calm atmosphere. In the recent past, weighty value has also been added to the project with the attachment of Southern Loop of Lahore Ring Road (LRR). Lake City has its own interchange on LRR. Undoubtedly, it counts one among the high class housing projects in Lahore and has still lured the interest of genuine buyers despite of the slow running market and its demand has persisted.

Lake City Lahore – Update on Development, possession and Facilities

Lake City Lahore has earned fame and demand relying on both fast paced eccentric development and high class facilities. Management has fulfilled all the promises that had made regarding development. Lake City produces its own electricity and provides it at the same rates as LESCO. The rest of utilities are also available, even in those sections too where possession is yet to become available. For example, in M-3 Extension, all the utilities have already been provided.

Since it has been committed that development work in M-8 would be initiated by the start of July, so the machinery has been sent to the site but the development hasn’t been actively launched yet even though some work is being done. Regarding the blocks where possession isn’t available till yet i.e. M-3 Extension, some parts of M-4, M-7 and M-8, possession is expected in about 3 or 4 months. While in some other perceptions, the possession in M-8 is expected in 2019.

Lake City Lahore – Market Situation & Prices

The prices have been increasing in Lake City Lahore, but slowly, as can be expected in a project that primarily interests genuine buyers, particularly in slow market time. The prices have increased by 10-15% in the past quarter, which while not something huge but good as comparing the rest of the market has been at a standstill. Plots are also available on installment in Lake City, though none of these are new and even these plots are on resale. As it is, the latest of the 5 Marla plots on installments are priced at PKR 4.09 million and two of the ten quarterly installments on these. However, anyone looking for particularly affordable plots on easy installments can consider these plots. All you will have to pay is the down payment and 2 quarterly installments, the remaining will be paid over the next two and a half years.

Following is the price chart that defines the happening in Lake City Lahore:

 

Plot Size

Price Range

M-1

10 Marla

7,200,000—8,000,000

12 Marla

7,500,000—8,500,000

14 Marla

8,000,000—10,000,000

1 Kanal

15,000,000—16,500,000

2 Kanal

40,000,000—45,000,000

M-2

1 Kanal

12,000,000—16,000,000

 M-2 A

10 Marla

7,500,000—9,000,000

 M-3

1 Kanal

14,000,000—16,000,000

 M-3 A

12 Marla

8,000,000—9,000,000

14 Marla

9,000,000—10,000,000

1 Kanal

12,500,000—16,500,000

 M-3 Extension

10 Marla

7,500,000—9,000,000

M-4

1 Kanal

15,000,000—20,000,000
2 Kanal

45,000,000—75,000,000

 M-5

10 Marla

7,000,000—8,000,000

 M-7 A

7 Marla

6,000,000—6,500,000

 M-7 B

5 Marla

4,500,000—5,000,000

 M-8

5 Marla 3,200,000—4,000,000
7 Marla 4,500,000—5,500,000

Feel free to contact our realtor if you are looking to buy in Lake City Lahore and Please keep visiting Jaidad Group for further real estate news and updates.

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