Investors typically analyze the potential of a property by considering its location and the reputation of its developers. Lahore Sky Mall, a project by OZ Developers, stands out as the biggest investment opportunity currently available. Let’s dive into the key features that make Lahore Sky Mall a prime choice for investors.
Prime Location and Connectivity
Lahore Sky Mall is strategically located on the main Ferozepur Road, with Lahore Ring Road just 5 kilometers away. This prime location ensures excellent connectivity and easy access. Additionally, prominent societies such as Palm City and Central Park are nearby, enhancing the investment potential. DHA Phase 10 is expected to initiate opposite to this location, further boosting its attractiveness.
Fast-Track Development
The development of Lahore Sky Mall is on a fast track. The shoring piles of the site are already in process, indicating rapid progress. The project is set to be a 350-feet-high landmark, prominently facing the main Ferozepur Road. With three basements and multiple floors dedicated to various purposes, this project promises to be a commercial hub.
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Diverse Commercial and Recreational Offerings
Lahore Sky Mall is designed to cater to a wide range of commercial and recreational needs:
Ground, 1st, and 2nd Floors: These floors will house various renowned brands, providing a comprehensive shopping experience.
3rd and 4th Floors: Dedicated to food court areas, with Victoria Coffee already operational on-site, offering diverse dining options.
5th to 9th Floors: These floors will feature an IT park and offices. Saqib Azhar, CEO of Enablers Group, has signed an MOU with OZ Developers to operate their offices here, ensuring a robust business environment.
Tax Exemptions and Government Policies
One of the most attractive features of Lahore Sky Mall is the government policy regarding IT areas. If an IT area exceeds 2.5 lakh square feet, it is exempt from taxes for 10 years. Lahore Sky Mall has achieved this milestone, ensuring a decade of tax-free operations for IT departments within the mall.
Residential Options
Lahore Sky Mall also offers a variety of residential options, including studio, one-bedroom, and two-bedroom apartments. The prices for these apartments are very reasonable, making it an excellent investment opportunity for those looking to reside in a prime location.
Competitive Pricing
The pricing structure of Lahore Sky Mall is designed to attract a wide range of investors:
- Ground Floor: 55,000 PKR per square foot
- 1st Floor: 40,000 PKR per square foot
- 2nd Floor: 35,000 PKR per square foot
- 3rd Floor (Food Court): 45,000 PKR per square foot
- 4th Floor (Food Court): 40,000 PKR per square foot
- IT Park and Offices: 14,000 PKR per square foot
- Studio and 1-Bed Apartments: 14,500 PKR per square foot
- 2-Bed Apartments: 14,000 PKR per square foot
- Penthouse: 20,000 PKR per square foot
Conclusion
Lahore Sky Mall, with its prime location, diverse offerings, fast-track development, and competitive pricing, stands out as the biggest investment opportunity on Ferozepur Road. The tax exemptions for the IT park add an extra layer of attractiveness for investors looking for long-term gains.
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