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Overseas Prime Lahore Smart City – Balloting and Possession

Overseas Prime Lahore Smart City – Balloting and Possession

Habib Rafiq Pvt Ltd has recently renamed Sector A and Sector B as Overseas Prime Lahore Smart City. Yes, these blocks will now be branded as Overseas Prime Block LSC. The balloting date of this project is also announced. Moreover, you will get possession of your plot as the final date is disclosed. Further details are in the blog below:

Overseas Prime

 

Since its inception, Lahore Smart City has become a popular name. With several attractive features and facilities, it’s an excellent place to reside in. It spans a significant land area and features several sectors. This society is a state-of-the-art project by the best developers in the country. Having all the intelligent features and attractions of modern housing societies, it’s a safe and profitable place for investment. Ultimately approved by the relevant authorities, this latest project is developing speedily.

Also, it’s a modern development where one can get a diverse range of options in both residential and commercial. The prices of plots are still reasonable, while booking is available on a 10% down payment. But as the demands are high, you will have to pay a profit on both new and old bookings.

Overseas Prime Lahore Smart City

Overseas Prime Block LSC is not a new development. The previously known Sector A and B Lahore Smart City will be collectively named Overseas Prime. Both these are the very first blocks of this top-class housing venture. Sector A, which is now a well-developed block, features high-level development, beautiful infrastructure, and all the living amenities of a peaceful lifestyle. Also, the development work of Sector B is 95% complete. Plots are on-ground even the developers are ready to hand over the possession of these block’s properties. The possession and balloting date of Overseas Prime is announced.

Overseas Prime Balloting and Possession Event

The balloting and possession event of Overseas Prime Lahore Smart City is taking place on 24th December 2022. All the updated files of Sector A and Sector B will be included in this balloting. However, the possession of plots will be handover as per the previously announced criteria, such as:

  • In the 1st Phase, members who booked plots on 100% payment before 19th January 2022 will be eligible to choose a plot of their own choice.
  • In the 2nd Phase, members who booked plots on 100% payment after 19th January 2022 will be eligible to choose a plot of their own choice.
  • In the 3rd Phase, members will be facilitated on the subject of availability on a first come first serve basis.

Also, there are some terms and conditions that must be followed to get Lahore Smart City possession shared below:

All those members who will successfully get the allocation of their plots are liable to start the construction in 90 days from the issuance of allotment receipts. Unable to comply with the terms and conditions will result in cancellation of allocation.

Please note: Overseas Prime Balloting will be completely computerized and transparent. Overseas Prime possession will be handed over once the results are available.

Lahore Smart City Plots for Sale

The residential plots for sale in Lahore Smart City are:

This marvelous block is an accurate description of class and style. Planned to provide people brilliant living experience, this Executive Block is attractive for several reasons. It offers all the modern amenities and facilities. At the moment, you will find the following categories and sizes of plots in Executive Block is providing a range of residential properties, such as:

  • 5 Marla Residential
  • 7 Marla Residential
  • 10 Marla Residential
  • 12 Marla Residential
  • 1 Kanal Residential

Following are the commercial plots you can purchase in Lahore Smart City Overseas Prime Block:

  • 2.66 Marla
  • 4 Marla
  • 6 Marla
  • 8 Marla

The full prices (old and new) of Lahore Smart City plots are as follows:

Executive Block Payment Plan (Pre-Launch Prices)

Mode of Payment 5 Marla 10 Marla 1 Kanal
Booking 420,000 710,000 1,150,000
Confirmation 420,000 710,000 1,150,000
Quarterly Installments (12) 120,000 220,000 360,666
Total Cost 1,800,000 3,300,000 5,400,000

 Overseas Block Payment Plan (Pre-Launch Prices)

Mode of Payment 5 Marla 10 Marla 1 Kanal
Booking 450,000 740,000 1,180,000
Confirmation 450,000 740,000 1,180,000
Quarterly Installments (12) 126,666 226,666 366,666
Total Cost 1,900,000 3,400,000 5,500,000

Executive Block Payment Plan (Second Booking)

Payment Details 5 Marla 10 Marla 1 Kanal
Booking 216,000 396,000 648,000
Confirmation 216,000 396,000 648,000
Quarterly Installments (14) 144,000 264,000 432,000
Total Prices 2,160,000 3,980,000 6,480,000

Overseas Block Payment Plan (Second Booking)

Payment Details 5 Marla 10 Marla 1 Kanal
Booking 228,000 408,000 660,000
Confirmation 228,000 408,000 660,000
Quarterly Installments (14) 152,000 272,000 440,000
Total Prices 2,280,000 4,080,000 6,600,000

7 and 12 Marla Plots in Executive Block

Plot Size Total Prices Down Payment Quarterly Installments (15)
7 Marla 2,800,000 544,000 161,150
12 Marla 4,380,000 876,000 250,300

 7 and 12 Marla Plots in Overseas Block

Plot Size Total Prices Down Payment Quarterly Installments (15)
7 Marla 2,975,000 595,000 170,000
12 Marla 4,500,000 900,000 257,150

Third Booking Payment Plan (Executive Block)

Plot Size Booking 10% Confirmation 10% Installments x 12 Quarterly Total Price
5 Marla 268,500 268,500 179,000 2,685,000
7 Marla 349,000 349,000 232,700 3,490,000
10 Marla 494,500 494,500 329,700 4,945,000
12 Marla 542,500 542,500 361,700 5,425,000
1 Kanal 805,000 805,000 536,700 8,050,000

 Third Booking Payment Plan (Overseas Block)

Plot Size Booking 10% Confirmation 10% Installments x 12 Quarterly Total Price
5 Marla 284,500 284,500 189,700 2,845,000
7 Marla 370,000 370,000 246,700 3,700,000
10 Marla 532,500 532,500 355,000 5,325,000
12 Marla 575,000 575,000 383,350 5,750,000
1 Kanal 849,000 849,000 566,000 8,490,000

Please Note: All these Lahore Smart City files are available for profit only. The amount of own varies from 5 – 5.30 lacs (5 Marla old files). It is 4 – 4.25 lacs (5 Marla second booking). Moreover, you will have to pay 1.5 lacs to 2 lacs (5 Marla third booking) as the profit amount.

The fresh booking of Overseas Prime Lahore Smart City plots is only available in commercial plots available in the sizes of:

  • 2.66 Marla
  • 6 Marla

Commercial Plots Payment Plan

 Plot Size Total Price Booking Confirmation 12 Quarterly Installments
2.66 Marla 6,900,000 690,000 690,000 460,000
6 Marla 16,800,000 1,680,000 1,680,000 1,120,000

The profit amount on these plots ranges from 13 lacs to 18 lacs. Similarly, the profit amount on 4 Marla and 8 Marla commercial plots increased after the Overseas Prime Lahore Smart City announcement (Contact for latest prices).

Market Response to Recent Announcement

For the last many days, the news of Overseas Prime balloting was circulating in the market. Both investors and buyers were waiting for it. But as of now, the dates are officially announced. An increase in the prices of residential and commercial plots has been noticed. The prices are speedily increasing as the plots are near to possession and soon the construction of houses will start. However, it’s still the right time for profitable investment in Lahore Smart City. The plots are reasonable in price and availability is on easy installments.

Once the Overseas Prime possession handover, the rates will increase further. So, don’t miss out on the chance of profitable investment in the best housing venture in Lahore.

Contact our expert realtors at UPN. We are here to serve you with the best property deals as per your budget and requirements.

Please contact us through WhatsApp, the Contact Us form, or visit our Youtube channel for further assistance.

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