LDA City Housing Scheme is spread over an area of 60,000 Kanal and connects the society with Ferozepur Road, Defense Road, Jia Bhagga Road, and Khana Kacha Road. The location of LDA City seems to be easily accessible from all sides of the city. Gajju Matta Metro Station is at a small distance from the society and the speedo bus can easily be accessible from the Canal Stop. LDA City is just 1.5 km away from Park Avenue Housing Scheme which is an LDA approved project located at Jia Bhagga Road.
To overcome the shortage of houses, the constructors are encouraged to build apartments. As the estimated urban housing shortage is around 4 million. 53% population of the country resides in Punjab which is why the housing needs in Punjab are way more than the other provinces of Pakistan. To encourage vertical growth of the city and to save the prime agricultural land, the Lahore Development Authority has introduced LDA Building and Zoning Regulations 2019. These regulations allow the developers to increase building height and achieve low-cost dwellings to the residences.
To meet the country’s housing needs under Naya Pakistan Housing Project (NPHP), the government of Imran Khan aims to build more than 5 million homes in Pakistan. For this purpose, Lahore Development Authority (LDA) has identified 8000 Kanal of land in LDA City and plans to develop 35,000 housing units for the employees of LDA, other government departments and f or the general public as well.
Recently, the Chief Minister of Punjab said 4000 apartments will be built at LDA City for the middle class and salaried persons in the 1st phase. The estimated cost of a 650 sq. ft. apartment will be around 2.5 million rupees and PC-1 of this project will be approved by the end of December. Moreover, Minister for Housing and Urban Development said that the groundbreaking of 35,000 new housing units will be performed by Prime Minister Imran Khan on 25th December while he was speaking to the Lahore Chamber of Commerce & Industry.
As LDA City Lahore covers a large area of land so it has introduced two different phases, all the residential files in Phase 1 are already been sold and remaining files balloting will be held on 18th April 2020. This phase is further subdivided into different sectors to facilitate the residents with uniqueness. Prices for both phases will be the same as they offer the same features and the plot cuttings are also the same as well. So it is a good option for some investment as well.
Phase 2 is also located within the same boundary of LDA City. Same as Phase 1, Phase 2 is also sub-divided into different sectors and plots here are being sold on balloting bases as well. Having the same features Phase 2 also provides plots of 5 Marla, 10 Marla, 1 Kanal, and 2 Kanal.
It is also equipped with parks, restaurants, community clubs, play areas for children, and a golf course that is shared by both phases.
This mega project has introduced some of the amazing features that add to the elegance of the housing scheme. All the planning has been done under the supervision of some of the renowned real estate developer groups to make this project a huge success.
Here are a few details about the location, features, types of houses, payment plan of the community along with other information that might help you decide why this would be a good option for you to live in.
WHY LDA City Lahore:
In comparison to these housing societies LDA City is an up-and-coming project with many state of the art features being provided to future investors and residents. It is designed and being developed in a high manner with number of amenities. Still it will be easily affordable for anyone even people with a humble background with dreams of living in an eloquent housing society.
This is going to be a very sophisticated housing society that is being constructed on the basis of modern architecture and design to fulfill the sustainability and demands of the residents. where they will have every world-class facility at their doorstep. It is designed to enhance the natural features of the society like an immaculately handcrafted sculpture. And to fulfill these demands, LDA has hired the best of the best architects and designers to bring a modernization and to create a different kind of housing society, so that it may stand out from all the other housing societies in Lahore.
The housing society also has another important factor which is non-negotiated whilst purchasing a home for your family is the security condition. It is always crucial to highlight that in the lack of appropriate security and security mechanics, an investment location is regarded as useless.
Moreover, the developers have been able to hire architects and designers, who will create the housing society into an absolute beauty to invest and reside in. One of the main goals that the housing society has is to make sure to have a friendly free environment in which residents of all age may reside within.
Due to the volatile investment situation across Pakistan, real estate prices have experienced a plummet. Even a number of ‘secure’ projects in the metropolises such as Lahore hit rock bottom. However, few residential schemes, including LDA City, held their ground, and even gained traction within the local property marketplace.
LDA City, a state-of-the-art facility, is a residential initiative of the Lahore Development Authority (LDA), and is expected to house 50,000 families. It is located on the main Ferozepur Road (at a distance of 1.5 kilometers from the Gajju Matta Metro Bus Station), along the southern arc of the Lahore Ring Road (LRR).
To this effect, LDA City underwent major developments last year; one of which pertained to a Supreme Court verdict wherein it had directed the authorities concerned to hand over plot possessions to their owners. In a similar development, the LDA management organised the ballot event for the project, in addition to initiating the construction work, at the project site.
Price analysis for LDA City during 2020
According to ZAMEEN.COM’S price index, between the period of December 31, 2018 and December 31, 2020, property prices in Lahore underwent a meagre surge of 4.89%. However, if we compare this figure with the prices of LDA City files in the same period, it can be concluded that the recorded prices were at their lowest level during December 2018 – with a 5-marla plot file available for less than Rs1.3 million during the said time period. Furthermore, the prices underwent an increase in January 2019, reaching to a new high of Rs1.6 million. This price hike was reported following the Supreme Court’s disposal of the LDA City case.
The prices, throughout the year, bore a gradual appreciation, but witnessed another quick surge following the first ballot held on November 30, 2019. At that time, the prices were reported to be Rs1.8 million; they reached to Rs2.2 million in December 2019, and rose up to Rs2.6 million in January this year.
Between December 2018 and December 2020 the price appreciation was reported to reach the spectacular number of 69%. Even if someone bought the file right after the Supreme Court’s decision, by January 2020, he benefited from a price surge of 50% - which is a phenomenal increase.
Moreover, after the ballot event that was held between November and December 2019, it was noted that the price appreciation rose to more than 20%. This turned out to be most beneficial for people who had bought LDA City files in 2014 for Rs900, 000. They tend to have experienced a price appreciation of more than 166% over time (provided they sell their files immediately).
Real estate expectations in 2021
Following are a number of factors that affect the property prices in a project:
If these things remain on track, the prices generally will continue to appreciate; the pace of appreciation will usually depend on the economy and the popularity of the project. Conversely, the prices stabilise or depreciate during the period if and when any of these factors witness delays in their availability.
On a similar note:
The location of LDA City is very ideal as it is situated in the center of the city of Lahore. The whole area is divided into Phase 1 and Phase 2 and both the phases are situated within the same boundary. The project is located on the main Ferozpur Road, Defence Road, Kana Kacha Road, and Lahore-Karachi Railway Line. Location of LDA City seems more approachable from all sides of the city. It has multiple access from like bypass and Ferozpur Road. Gaju Matta Metro station is also at a small distance from society. And moreover, it has easy access to public transport as well as Speedo Bus can be accessed from the Canal stop.
The location has already attracted many buyers and investors to this project as it has an ideal location and proves to be a successful housing scheme. In the upcoming years, the town is going to be surrounded by many big business entities as the surrounding area is developing at a great pace. So it’s a great opportunity for investors to invest here.
Here are a few of the near important places that are just a few minutes’ drives from LDA, it is located at
The mega housing project spread over 60,000 Kanal and will provide housing facilities to 40,000 families. It has 5 Sectors named Sector 1, Sector 2, Sector 3, Sector 4, Sector 5. While LDA City is offering 5, 10 Marla and 1, 2 Kanal Residential plots on low prices.
The design and Town Planning has been assigned by LDA to an internationally known company “Osmani (Pvt.) Ltd.” and Professor Spiro N. Pollalis of Harvard University is heading the team. The town plan envisages 42-45% of residential accommodation and 7-10% commercial areas. The remaining land is roads and open spaces/parks etc. which will give an elegant shape and living environment for each sector/block.
This housing scheme is the largest of the province, designed on the state-of-the-art urban development model, making provision for housing units of all categories expecting to attract residents from all strata of life, high rise buildings, and modern commercial centers aiming to give a boost to the city’s economic life.
LDA is a combined venture by some of the renowned real estate developers and groups that have proven to provide the public with some of the extraordinary projects in the past. It is a project of Urban Developers, Pak Estate Agency, Maymar Housing Services (Pvt) Limited and Alpha Estate that is well recognized for their lucrative locations, quality development works, innovative ideas, and sincere commitment to their mission not only in Pakistan but in the international market as well.
Being the top-notch developers and investors, they already have centered on stepping away from the status quo and making quantum leaps in defining the real estate and construction landscape of the country. Their core philosophy has endured the test of time and continues to be focused on changing the future landscape of the industry they participate in.
LDA City Lahore has to offer some of the most unique and outstanding features for its residents that are up-to-date in accordance with the modern lifestyle. It provides a number of foremost prominent and modern facilities for its residents so they can spend their lives in the utmost peace. The vision of this innovative housing scheme is to present the most recent international standard of living in Pakistan.
Genuine buyers and investors should take this into account that LDA City is all set to undergo a number of major developments this year. Given its numerous, aforementioned benefits, one should definitely hold onto their investment, especially if the project suits their ‘returns’ goal. Last but not the least, a practical piece of advice on this front would be to keep a watchful eye on the local real estate market's activity and the forces that might impact pricing dynamics.