27 October, 2018
Latest Happenings in LDA City and Current Market Prices
Property News
LDA City is the largest Ever Housing project of Lahore Development Authority and the province of Punjab that covers over 60,000 Kanals of land along with the promise of housing nearly 50,000 families.
Balloting & Map updates
According to the latest news an unofficial map has been doing the rounds on social media websites, but it has not been issued by the authority and is in no way approved. The actual map is expected to be launched in a few months, likely in December. Balloting will be conducted around the same time as well. Possession will follow, but nothing confirmed can be said on that except that Sectors 4 and 5 will be the first ones to be granted possession. The development has kicked off at a steady pace now, after a prolonged break so things seem promising all in all.
Market Situation & Prices
The plot prices are have been fluctuating in the past and a price decrease was observed earlier due to election fever and Muharram but now the plot rates have jerked up. The prices for 5-marla before Muharram were as low as PKR 1.08 million, but have now gone up to PKR 1.32 million again in the months since, and the situation is simply going to improve in the future. Currently, the prices stand as follows,
| Plot size | Average Prices (in PKR) |
| 5 Marla | 1,300,000 |
| 10 Marla | 2,100,000 |
| 1 Kanal | 3,300,000 |
Investment Potential in LDA City
It is better to hold back investment in LDA City for now, as earlier this year, it was announced that balloting is going to be held in March. At the time, the prices for files had risen to as much as PKR 1.8 million. Those were just files, so this is a positive indicator for the future. Moreover, the prices of plots in the neighborhood are considerably higher, and the prices in LDA City Sector 4 and Sector 5 are going to rise to the same levels after balloting. Considerable appreciation of prices will also be seen following the announcement of the map, which Mudassar expected to happen latest by January. This makes LDA City a good opportunity to consider for short-term investment as well.
For more information and details contact Apex Group and we will guide you in the best way possible.
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