LDA City Lahore Balloting Date, Latest Prices, & Development Update
UPN is once again bringing very good news for the file holders of LDA City Lahore. The administration of the society has recently announced the most awaited location ballot date, whereby about 9000 files will be allotted plot numbers in LDA City Phase 1. Therefore, the possessions will be conferred to the successful members in due course.
The official balloting date for the LDA City Lahore plot files is November 30, 2019. However, the last date to purchase a new plot file in order to be included in the first ballot was the 15th of October 2019.
From the total land Of the 13,000 Kanal land along the Butcher Khana Distributary, near Ferozepur Road, there are about 11,000 Kanal lands that have been reserved for the allotment.
LDA City Lahore is one of the largest housing projects in Punjab. Basically, it is a government initiative that is located on the Main Ferozpur Road, near the famous Lahore Ring Road. As located at the prime location in the city, this biggest housing society is catching the attention of investors from different cities.
In the past, LDA City Lahore has suffered from many delays in development due to the public-private partnership model. But now all the issues are resolved and the development work is already started in Phase 1.
LDA has also allocated a whopping PKR 3 billion for the speedy development work of all the LDA City Projects.
Currently, the development work is progressing at a satisfactory pace in an area of 6, 200 Kanal. There are three contractors who are working in two shifts to complete the development work as soon as possible. It is expected that the development work will be soon completed and the plots will be handover to their respective file holders.
The development work of LDA City Phase 1 is divided into seven packages. The good news is that most of the work is already being done.
LDA City Lahore Has Reduced Its Development Charges!
File holders of LDA City who were eagerly waiting for the allotment of plot numbers, there is another reason to celebrate. LDA City has recently announced a reduction in the development charges.
The revised/new development charges for a 1 Kanal residential plot file in LDA City Lahore are PKR 1.25 million.
If you are holding a 10 Marla plot file, LDA City will charge you PKR 1.675 million as the development charges of your plot. But if you have bought the 10 Marla plot file from private developers, the price will be PKR 837,500.
Same in the case of 5 Marla plot files. If you are holding a 5 Marla plot file the development charges for that plot is PKR 1.15 million. However, if this file is bought from the private developers, the price would be PKR 575,000.
Current Prices of Plot Files in LDA City Lahore
A 5 Marla plot file in LDA City Lahore is available for sale from PKR 14.5 lakh to PKR 18 lakh.
A 10 Marla plot file in this new developing project is up for sale within the PKR 22 lakh to PKR 30 lakh range.
If you are interested to buy a 1 Kanal plot file, then you will need to pay around PKR 36-38 lakh.
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