Lahore, the second most populated city of Pakistan after Karachi, is regarded as the cultural capital of the country. It is also known as the ‘City of Gardens,’ as it houses numerous famous gardens.
For the past decade or so, the properties of Lahore have continued to perform really well. Meanwhile, property developers, both local and international, have introduced many housing projects in the city. Paragon City is one well-known example. Ideally located on Barki Road, at a four-minute drive from Allama Iqbal International Airport, the project offers almost everything that people look for in a housing society.
The location is divided into several blocks and sectors. The housing scheme has a large number of units up for sale. You can choose between houses of 3 to 10 marla, 1 kanal and 2 kanal. The most popular and fully-developed blocks are Imperial 1, Imperial Garden Homes, Woods, Orchard 1, and Grove. The society offers both, single-unit and double-unit homes. In a lot of houses, you’ll find fine Italian tile flooring with double-glazed windows. The number of bedrooms ranges from 2 to 6 bedrooms with attached baths, depending upon the area occupied by each house. There’s also a separate drawing/dining area, kitchen, servant’s quarter and lounge.
Paragon City is a luxury housing society. Therefore, you need to have a budget of over PKR 50 lakh if you want to make a home here. The overall price of houses in Paragon City is in the range of PKR 70 lakh to PKR 10 crore. Here’s a little breakdown of the most popular ones: A 5 marla house in Paragon City, ideally suitable for small families, can easily be found in the range of PKR 70 lakh to PKR 1.43 crore while the sale price of a 10 marla unit starts at PKR 1.15 crore, going up to PKR 2.6 crore. The rates of 1 kanal houses are even higher ranging from PKR 3.3 crore to PKR 4.25 crore.
The project offers flexible payment options to the buyers. You can buy a house on lump sum payment or can opt to pay through easy 12 months or 24 months instalment plans. Just pay 30% as down payment and 10% on possession, the rest can be paid later via instalments.
Paragon City is situated near a number of educational institutions some of which include the National School, the City School Paragon Campus, LGS International, Information Technology University, NCBA&E DHA Campus and Lahore School of Economics. In case of a medical emergency, Paragon City residents can visit National Hospital & Medical Center, CMH Lahore, and Government Shahbaz Sharif Hospital.
Paragon City, a lot like its name, is a city unto itself. The residents are facilitated with an underground power system. In addition, a grid station of WAPDA is also being constructed in the society to tackle any sudden electricity shortage issues. The society has smooth wide roads, illuminated with solar-powered street lights. There are a number of other facilities as well such as a proper sewerage system, cinema, parks, internet, and cable TV access. Being a gated community, it provides a secure and peaceful environment to its residents. High-quality CCTV cameras are also being installed throughout the society for 24/7 security surveillance.
The project features several shopping arcades and delightful eateries. IQ Mall and Imperial Mall are located on the main boulevard of Paragon City, giving residents the ultimate shopping experience from renowned local and international retail outlets while several shopping malls like Al Rafay, Parineezay, and Mall of Lahore are located a short distance from the area. Besides shopping, residents can visit numerous food joints located in and around Paragon City, such as Aroma Grill, Lala-The Food Lab, Outpost BYOB, Dervish Food Souq, Johnny’s Grill and Chai Shaai.
Paragon City is a housing community built in line with international standards. The ideal location makes it well connected to the entire city and with the construction of Ring Road, the value of the project has further increased. It has all the facilities that are vital for ideal living spaces, including modern civic amenities, schools, malls, hospitals, recreational areas etc. It is observed that 5 marla and 10 marla have houses have more profit margins than other units. As per Zameen.com’s historical price trends, the price of 10 marla houses has increased by 70% within a period of four years i.e. from Jan 2014 through December 2018. With such an incredible hike in the rates, buying properties in Paragon City will definitely be the best investment decision for you, with great potential for a high ROI.
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