New Lahore City is a rapidly developing real estate project in Lahore. The Zaitoon Group initiates the project. It’s an ideal opportunity for low-budgeted investors. This mega project provides peaceful residences with an amenities-rich environment. A number of houses have already been built in the community. It is a perfect place to call home as compared to adjacent societies.
New Lahore City is a gated community with 24/7 security so that residents can live here without fear. The area has a completely underground electricity system to provide uninterrupted utilities to the residents. The developers have also provided a state-of-the-art hospital, schools, parks, and commercial areas within the society.
Types Of Investment
Currently, New Lahore City offers two modes of investment. These are as follows:
- Files
- On-ground Investment
Files
In this mode of investment, you need to pay the installments and wait for the possession. In new housing societies, people invest via this method and wait for a property’s price and possession rise. It’s a long-term investment and with high risk.
It can be considered for its high profitability because property prices are rising rapidly. In nearby societies such as Bahria Town, the prices are already very high, and NFC society is not developed yet. So, it’s good to invest here. However, New Lahore City is delaying some events and commitments, and possession is not given on time. So, it is not recommended to our investors.
On-ground Investment
Most of the time, the on-ground investment is considered a mature investment, but in New Lahore City, this investment is considered a secure and profitable investment. As mentioned above, the prices in the most nearby developed society are comparatively high, and development work is in progress in New Lahore City. So, it’s a good investment for those who want to get on-ground possession soon and don’t want to wait for the long-term. In this mode of investment, you need to pay the lump sum amount and get the possession as soon as possible.
It is recommended to our investors to invest in this mode as the investment is secure and you will get the possession soon. Moreover, the chances of high profitability are also more in this mode of investment as the development work is in progress, and you will be able to sell your property at a higher price when the society will be developed.
5 Reasons To Invest in New Lahore City
If you are looking for a new place to invest your money, look no further than New Lahore City. This mega project is quickly becoming one of Pakistan’s most important investment opportunities and offers investors a wealth of opportunities. Here are five reasons why you should consider investing in New Lahore City:
1- Ideal Location
New Lahore City is located on Main Multan Road and Canal Bank Road, close to Lahore’s central business district and many of the city’s major attractions. This makes it an ideal location for businesses and individuals who want to be near the action. It is adjacent to many housing societies such as Bahria Town, NFC Society, and Zaitoon City. The residents of New Lahore City can also enjoy nearby societies’ world-class facilities.
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2- Trustworthy Developers
The development team behind New Lahore City is one of the most experienced and reputable in the country. The Zaitoon Group has been a renowned name in the real estate industry for over three decades, and this project is its latest venture. They have completed many large-scale projects and have a proven track record of delivering on their promises. This gives investors the peace of mind that their money is in good hands.
3- Prices Comparison with Bahria Town
The price of land in New Lahore City is very reasonable compared to other societies in the area, such as Bahria Town. This makes it an attractive option for investors looking for good value for their money. Moreover, the development charges are much lower than what you would pay in other societies. This comparison is only based on pricing and affordability.
The prices of 5 Marla Plots in Bahria Town are around 1 crore and 10 Marla plots are available for about 2 crores. However, New Lahore City offers the 5 Marla plots in only 45 to 50 lacs. And 10 Marla plots in 60 to 65 lacs. This is a huge difference in prices.
The payment plan of New Lahore City is also very flexible compared to Bahria Town. You can choose to pay in installments or pay the total amount upfront and get a discount. This makes it easier for investors to afford a plot in this society.
4- High Investment Potential
New Lahore City is a rapidly developing society, and its popularity increases with each passing day. The demand for plots in this society is very high, and the prices are expected to continue to rise in the future. One year ago, 5 Marla plots in New Lahore City were available for only 26 to 30 lacs, but now after a year, the prices are almost doubled. Like this, it is expected that the prices will get high in the near future. This shows how much potential this opportunity has. And this makes it an excellent investment opportunity for those who are looking to make a long-term profit.
5- On-Ground Possession
One of the best things about New Lahore City is that some of its blocks are already fully developed. And a number of fully constructed houses and plots are available with on-ground possession. This is a big advantage over other societies which are still in the process of development.
The plot owners in New Lahore City can start construction on their plots immediately and move into their houses as soon as they are completed. This is a big advantage for those who want to live in their own homes or those who want to rent out their properties.
These are just some reasons you should consider investing in New Lahore City. With its ideal location, experienced developers, and reasonable prices, it is an excellent opportunity for those who are looking to invest in Lahore’s real estate market. So what are you waiting for?
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