Lahore is undoubtedly the metropolis of Punjab. It is a densely populated city with an incredible population of approximately 13 million (2019), and the city is rapidly expanding with a population growth rate of 3.72% annually. This is the highest growth rate after Karachi. With this instantaneous growth, the city requires sustainable and efficient infrastructure and proper residential arrangements.
For this solitary reason, an institution named Lahore development authority (LDA) is promptly working with developers to provide new and affordable housing plans. Only the housing projects approved by this particular organization are considered legal and valid, therefore you must contemplate this factor before booking your house plan in any of the new housing schemes in Lahore.
Here are some housing societies that are approved by the Lahore development authority.
- Icon Valley
- New Lahore City
- Pak Avenue society
- Safari garden
- Zain Residencia
- Central Park
1. Icon Valley
Icon valley is a very well known housing scheme in Lahore. After the huge success of Icon valley phase 1, Phase 2 is now also started which is approved by the Lahore development authority. Located on the main Raiwind road 8 mins away from Shaukat Khanum Hospital, Icon Valley is a gated project with all the commodities and facilities required for a happy lifestyle. Including stand by generators and family parks, it is a golden opportunity for residents as well as investors.
The project offers 3,4,5 and 10 Marla residential and commercial plots. Even after all these impressive characters, the price is quite reasonable.
2. New Lahore City
New Lahore City is a housing scheme in Lahore which is approved by the Lahore development authority. It is located on canal road near Bahria town. The housing scheme has wide roads with almost all the important commodities like schools, clinics, and shopping malls. The scheme also contains a mini-golf course, therefore all the infrastructure is already developed. This housing project is very suitable for people who want immediate residence. The house plans are of 3 Marla (91 sq ft) to 5 Marla (151 sq ft) whereas the prices start from 25 lacs (2.5 million) to 35 lacs (3.5 million)
3. Pak Avenue Society
Pak Avenue Society is also a newly launched housing scheme that is developing rapidly and is approved by the Lahore development authority. It is located on Jia Bagga road on the backside of lake city. The infrastructure is still under development and prices are expanding every passing day. It’s although not fully developed its market value is increasing at a very fast pace. This scheme provides plot plans of 5 marlas (151 sq ft) and 1 canal (5445 sq ft) and the prices vary from 18 lacs (1.8 million) to 1 crore (10 million). It is very suitable for people interested in investment.
4. Safari Garden
Safari Garden society is approved by the Lahore development authority and has just been launched in late 2020, therefore it is not much developed but the development progress is very impressive. The prices are also very low so it is a great place to invest your assets. This housing society is not recommended to the people who are looking for a place to live right now. The project consists of 5 blocks and provides a variety of house plans from 3 Marla (91 sq ft) to 10 Marla (302.5 sqft) with prices of 11 lacs (1.1 million) to 35 lacs (3.5 million). You can also book your plot and then pay the rest of the amount through installments.
5. Zain Residencia
This is a newly launched housing society which is a legal project approved by the Lahore development authority. Since this is a newly launched project it lacks proper infrastructure and development. It is a society consisting of 2 blocks. Here you can also buy pre-constructed houses on net payment as well as on installments. The house plans are of 3 Marla (91 sq ft) to 9 Marla (272.5 sqft). The prices are reasonable from 21(2.1 million) lacs to 43 lacs (4.3 million) on the net payment. The prices may increase or decrease on the basis of location and other factors like west facing plot or corner and commercial plots all are of different prices
6. Central Park
Central Park is not a newly launched society in Lahore but it has many houses for sale. It is located near Allama Iqbal airport and it takes only 20 mins to reach Central Park. About 10000 plots are available for sale in central park. It is well developed with schools, wide roads, mosques, and a theme park inside the project. It is very suitable for people who want immediate residence. The house plans are 5 Marla (151 sq ft) to 3 canals (16335 sqft). The prices of the plot are from 25 lacs (2.5 million) to 1.5 crores (150 million)
You are recommended to always buy the houses that are legal and approved by the Lahore development authority to avoid any sort of scam and financial damage. All of the above schemes are approved by LDA but always do a double check before making a decision. Your choice must be in accordance with your intentions with the house, either it is for investment or for your own residence.