The real estate market of Lahore has recently introduced New Lahore City. Two Groups, the Zaitoon Group, and the Rafi Group are creating this excellent residential property. It is located on Canal Bank Road, which is an excellent location. According to the sources, the NOC of the society has received LDA approval. So, most investors are now showing interest in investing in this housing society. So, this article will cover the new Lahore city phase 4 payment plan.
New Lahore City Phase 4 Payment Plan
With simple payment plans, the project offers residential plots measuring 3, 5, 7, 10 Marla, and 1, 2 Kanal. In addition, this housing society offers commercial plots measuring 2, 5, and 8 Marla. There are also parks, institutes for education and health centers, mosques, stores, and numerous contemporary conveniences. So, before discussing the “New Lahore City Phase 4 Payment Plan”, let’s discuss the developers of the society and its location.
Developers And Owners
The project is a joint venture of the Rafi Group and the Zaitoon Group. Initially, the project was mutually handled by both groups. But later on, the Rafi Group was separated, and now only the Zaitoon Group is participating in developing society and selling plots. So, we can say that the new Lahore city phase 4 is now under the supervision of One company and has only one developer.
Zaitoon Group was established in 1987 and started to bring innovations to the real estate market. The company’s CEO is Mian Ayaz Anwar, and the Chairman is Mian Ejaz Anwar. The company has a group of visionaries who aim to bring innovations and reforms to the real estate industry.
They struggle to build residential schemes where residents can get all the facilities and amenities. The group specializes in Urban Development, Architecture & Design, and Town Planning. In addition, many successful projects of the company are Lucky Center, Japan Center, Center Point Plaza, and Landmark Plaza.
New Lahore City Phase 4 Location of the Project
The location of the New Lahore City phase 4 is on the main Canal Road, and it is the best locality not only for the investors but also for the residents of the society.
If you want to access the society from the Ring Road Lahore, Thokar Niaz Baig, N-5 National Highway, Sundar Road, and NFC Phase-2. In addition, there are also many well-known housing societies in the company’s neighborhood: DHA, LDA Avenue, and Bahria Town. So, we can say that the location of the society is a decisive factor in real estate investment.
Payment Plan of New Lahore City Phase 4
Now let’s discuss the new Lahore city phase 4 payment plan. Society has an easy investment plan that offers affordable installment opportunities for those who cannot afford to pay the lump-sum amount of the property. So, for those, the developers have introduced a simple installment plan. Some well-known features of the payment plan are as follows:
- 25% amount as a down payment
- 10% discount on payment as a lump-sum
- For residential plots, 42 monthly installments
- For commercial plots, 36 monthly installments
This development’s plot prices are reasonable compared to the nearby housing schemes. This encourages low-income investors to participate in this housing program. Rates may rise over time as a result of growing public demand.
Master Plan Overview
The New Lahore City Scheme Master plan was created by a team of professionals, including architects, designers, and civil engineers. Infrastructure development is receiving a lot of focus to stand out from other Lahore housing societies. The developers have set aside a sizable area to construct areas like parks. To ensure high protection, the society will be encircled by a boundary wall with a foolproof mechanism.
There are the following phases in the new Lahore city:
In addition, there are various blocks in the housing society which are Royal Enclave (Block A), Premium Enclave (Block B), Pearl Enclave (Block C), and Platinum Enclave (Block D). The society offers 3, 5, 7, and 10 Marla plots. In addition, there are also plots of 1 Kanal and 2 Kanal in the housing society.
LDA Approved Society
The next question that comes to the investors’ mind is the society’s legal status. Most people asked about the project’s authenticity before investing in society. So, regarding the new Lahore city phase 4 NOC, we can say it is LDA-approved. Lahore Development Authority has approved the NOC of the society, which means that it is an authentic society and is legal for all development work. If you want to check the Legal status of the project, you can easily check it from the online site with the reference number LDA-DMP-423.
Real estate professionals frequently use the abbreviation “NOC” to refer to the No-Objection-Certificate for Real Estate Ventures. The no objection certificate is essential for developers and owners of real estate projects. The builders provide all required paperwork to the regulatory agencies. As a result after extensive checks and revisions, the management gives the owners of the housing project planning authorization. The housing project also becomes illegal if the appropriate authorities do not grant the necessary approval.
Amenities and Facilities
The facilities and amenities that you will find in the society with the affordable new Lahore city phase 4 payment plan are:
- Foolproof Security
- Main Boulevard, which is 150ft. wide
- Gold Class Cinema
- Advanced Sewage & Disposal System
- Jamia Masjid
- Project Boundary Wall
- Parks & Open Spaces
- Gate Community
- Purpose Built School
- Shopping Mall
- Stat of the Art Hospital
- Zaitoon Corporate Office
- Underground Utilities
In the article, we discussed the New Lahore City phase 4 and its payment plan. It has the most affordable payment plan with all the luxuries needed to live a prosperous life. So, we will suggest you if you want to invest in a housing society in Lahore, New Lahore city and “Zaitoon City” are the best choices. So. without further delay, contact real estate agents such as Sapphire properties and get a great investment deal.