AWT Lahore Phase II Latest Prices and Map Launch

AWT Lahore Phase II has unfailingly been more well-known than the older phases. It was likewise the one that seems more prominent advancement. Stage II is perfectly developed and ownership has been accessible for a considerable time period. While fundamental civilities have also been accessible the infrastructural improvement has been continuous. The parks and other extravagant frameworks are developed especially in the blocks where houses are being constructed.

Possession Updates

The interest in AWT has also remained alive because of possession not being available in various sections of the housing project. There were two kinds of delays facing some of the people who had bought plots in AWT Lahore Phase II. One was the mortgaged plots. Whenever LDA approves a project, some of the plots are mortgaged to the authority as a “security” for development. Once the development is completed as promised by the administration of the housing scheme, LDA returns the mortgaged plots. These plots had already been sold but possession, naturally, could not be granted until LDA returned the plots. In June this year, the mortgaged plots in AWT Lahore Phase II were returned and possession became available for these plots.

AWT Phase II Price and Map Release Updates

Though previously the prices had been on a declining trend after the real estate market dulled in the past year, now the prices have stabilized. This may be a good time for genuine buyers looking to buy plots in the housing project to construct their homes there. Currently, the prices stand as follows

Though the project no longer suits short-term investors, but if you want to make a medium- to long-term investment, it is worth considering. You buy a plot and hold it for three years – past the time limit of Capital Gains Tax – and you will have a decent margin of profit particularly considering that the prices of Phase II of AWT Lahore are yet to catch up with those of the surrounding areas.

The other cause for delay in possession for some of the plots is they fall under the revised map of Phase II which is yet to be approved by the development authority. Unless the approval is granted, possession can’t be granted on these plots.

For more information contact Apex Contact!