The Lake City Update – Possession, Development and Prices Update
Spanning over an area of 18,000 Kanals of land, Lake City has garnered a lot of demand in the real estate market of Lahore. It’s constantly moving forward completing development phases and offering more for the ease of its residents and clients. Formerly, it has to deal with a flaw being so far from the city center, though the recently opened link from the Lahore Ring Road has recover the interest of buyer making the project lucrative investment hub. Let’s take a view at the development, possession and prices update of Lake City Lahore.
Lake City Lahore – Latest Development & Possession Update
Since the project of Lake City comprises 8 blocks, it is categorized from M1-M8. Sectors M1-M8 comprises 5, 7, 10, and 12 Marla plots as well as 1 and 2 Kanal plots. Possession is available in all sectors from M1-M3, some parts of M4, and M5-M7. Moreover, developers have introduced few extensions in these sectors where possession isn’t available till yet. Following details will give a better understanding about what’s going in all of Lake City’s sectors or extensions.
Lake City Sector M-7: Reserving numerous extensions, M-7 is the largest sector than the rest. It consists of three blocks A, B and C, as well as three more sectors labeled M7A, M7B, and M7C. M7C is further divided into three sub sectors; M7C1, M7C2, and M7C3. Possession isn’t available in M7C1-M7C3, even though people have paid all of their installments and development charges and no exact timeline has been announced by the developers when possession would be made available here.
Sectors M1-M6: All development work has been accomplished in Sector M1 to M6 and possession is also available in all of these sectors. The famous Golf Course is also situated here and properties are made around it, and that’s the reason why property prices have also increased in the last few years. However, in M3 extension, there hasn’t been any significant development and so possession is also unavailable.
However, it is expected that owing to its repute in the market, Lake City will deliver possessions in these sectors as people are looking to invest here for the long term.
Lake City Lahore – Prices Difference in 6 Months
The ease which of Ring Road has bring to the dwellers of Lake City made the prices increased in Lake City Lahore and the prices have a difference to where they stand now as compared to only 6 months ago. Below is an approximate difference for your consideration:
|Plot size||Price 6 months ago (in Rupees)||Present prices (in Rupees)|
|5 Marla||3,700,000 – 3,800,000||4,400,000|
|7 Marla||Under 5,000,000||6,500,000|
Witnessing the rapid increase in prices, it’s considered to be best time to invest in Lake City if you want to meet a maximum reward in upcoming days and our realtors may help you to get the best deal.
Please keep visiting Jaidad Group for further real estate news and updates.