12 July, 2018
Lake City Lahore Latest Updates on Development works and Possession
Property News
Lake City Lahore is a high-end housing project that features premium facilities and standard community lifestyle that successfully envisions a blend of modern infrastructure, finely constructed housing units, safe neighborhood, and separate commercial arena with all the amenities that a luxury project has to offer. If we say that Lake City is one of the hottest real estate topic these days showing top-priority investment trends then it wouldn’t be too wrong as the prices of Lake City property has increased by 10-15% recently whereas the overall real estate market has remained growth stagnant.
Lake City Lahore is a promising project indeed with some major factors that make this housing project distinctive such as the fact that it produces its own electricity at the same rate as LESCO and provides it to the underdeveloped areas of the society as well where possession is yet to be granted. Lake City boasts of uniform distribution of facilities throughout the society even in M-3, plus the completion of Ring Road Southern Loop allowed the project to have its own interchange on LRR. Due to all these mounting reasons, Lake City is a lucrative project that keeps appreciating in worth and value.
According to the latest development news it was rumored that the development in M-8 would begin in July but so far the work has yet to start despite the arrival of heavy machinery on site. The administration of Lake City has assured that development would begin at the earliest. Concerning the Possession updates the sectors where possession is not turned over like in M-3 Extension, parts of M-4, M-7 and M-8 would be expected to be given in 3-4 months’ time frame. The possession of M-8 sector will be handed over by 2019.
Market Situation and Prices
Let’s take a deeper look at the market prices and current situation at 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 |
The 5 Marla plots are available on installments and priced at Rs.4.09 million and two of the ten quarterly installments on these. In order to acquire any plot you just have to pay down payment and 2 quarterly installments.
Are you interested in buying a plot in Lake City Lahore? Contact Apex Group and we will make your dreams come true.
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