Lake City has successfully acquired the State Life Housing Society. This is an important step for the Lahore real estate market. This acquisition was confirmed a few weeks ago, and it has made more exciting property and investors. We explore in depth why this is a great investment opportunity for current and new members.
Congratulations to State Life Member
First of all, congratulations to the long-term members of the State Life Housing Society. They have been waiting for a clear answer about their position and return in Phase 2. For investors who believe in society’s potential, the actuation means a chance to make a good profit. Lake City has a strong reputation for offering great amenities. Because the area is set to become one of Lahore’s top places for both living and investing.
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Location of State Life Housing Society
State Life of Housing Society is located right across from DHA Phase 5, next to the Lahore Ring Road. Phase 1 of the society is already populated, and Phase 2 focuses on the actuation. Because it is close to DHA Phase 5, it is the most valuable area in Lahore.
Why Did Lake City Acquire State Life?
State Life of Housing Society faces challenges in developing Phase 2. Lake City stepped in to solve these problems using its experience and strong reputation. Lake City plans to bring top-class amenities and a modern lifestyle.
Changes Introduced by Lake City Lahore
Lake City has introduced major changes to the files and plots in Phase 2, such as:
- 7 Marla files have been converted into 4 Marla residential plots.
- 14 Marla files have been converted into 8 Marla residential plots.
The transfer process is simple:
- An 8 Marla file can now be transferred for just PKR 2.5 lakh.
- A 4 Marla file can be transferred for just PKR 1.5 lakh.
For current customers with old State Life files, Lake City will provide a new document once a merging fee is announced.
Development Charges & Rates
If clients have already paid the development charges, they won’t need to pay anything extra. If they haven’t paid yet, they’ll need to pay in installments of about PKR 2 to 3 lakh per marla over the next 1.5 to 2 years.
Since the news of the acquisition came out and Lake City put up a board, the market has been busy. Although the rates can change, if you invest in these files now, it could lead to good returns in 1.5 to 2 years.
Investment Opportunity in Lake City Lahore
State Life Phase 2 is located in a great location, surrounded by valuable areas like DHA Phase 5 and Nine Prism, which means it has a lot of potential growth.
Investors can take advantage of:
- 8 Marla or 4 Marla files offered by Lake City Meadows.
- The opportunity to hold cash-paid files and benefit from market rotation.
Lake City guarantees transparency and ensures that clients who have paid development charges won’t face extra costs, making it reliable for investors.
Conclusion
This acquisition represents one of the best investment opportunities in Lahore’s real estate market. If you are looking for long-term growth or a quick return, Lake City’s transformation of State Life Phase 2 is a great opportunity to invest.
For further information, contact CDB Properties today to take the first step towards a profitable future.
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