Being the capital of Punjab, and one of the three main metropolises in Pakistan, properties in Lahore have always been sought after and an ideal place for investment. The bounds of the city have spread on all sides and gone way beyond the original walled city. This spread has been impressive and has resulted in a number of new societies popping up along Raiwind Road. Lake City is one of these projects and property here has been popular ever since it was launched. Plots for sale in Lake City have been gaining even more traction since last year or so because of the completion of the Southern Loop of Lahore Ring Road, especially as it has its own dedicated interchange. The project spans over 18,000 Kanal and consists of eight blocks, with many parts already inhabited, making Lake City a project to look out for.
Types of Plots in Lake City
Land here comes in a wide range of size options. There are eight blocks, M-1 to M-8, along with their respective divisions and extensions. In M-1, interested buyers can purchase plots sized 10 marlas, 12 marlas, 14 marlas, 1 Kanal, and 2 Kanal. This block has the most property options available. The second block is divided into M-2 and M-2 A, with the former having 1 Kanal plots and the latter offering 10 marla plots. M-3 offers 1-Kanal plots which are up for sale. While its extension, for which possession is soon to be available, has 10 marla plots. M-3 A, however, has a more diverse range of buying options. It offers 12 marla, 14 marla, and 1 Kanal plot options. M-4 has larger plots, with 1 Kanal and 2 Kanal size options. M-5, on the other hand, only has 10 marla plots. Coming to M-7, M-7 A has 7 marla plots, while M-7 B offers 5 marla plots. So, if you are looking for a plot in Lake City, you have a wide range of options to choose from. These options and the accessibility of this prime location made it a highly desirable option in the city’s real estate market.
Ever since the Lake City Interchange was opened on Lahore Ring Road, its plot prices have been appreciating. The society is particularly popular for genuine buyers, but medium-term investors can also gain from it. People who had bought plots here a few years ago are already reaping the benefits. A 5-marla plot in Lake City will cost between PKR 3,200,000 and PKR 5,000,000, while plot files start from as low as PKR 200,000. As for the 7-marla plots, they cost between PKR 5,500,000 and PKR 6,500,000, and can even go up to PKR 15,000,000 in some cases. 10-marla plots cost PKR 7,000,000 to PKR 9,000,000, whereas the range for 12-marla plots lies between PKR 7,500,000 to PKR 9,500,000. A 14-marla plot costs PKR 8,000,000 to PKR 10,500,000 on average. As for the larger plot options, cost of 1-Kanal plots is between PKR 12,000,000 and PKR 20,000,000, while a 2-Kanal plot up for sale in Lake City has a price range in between PKR 40,000,000 and PKR 75,000,000.
A major facility that comes with land in Lake City is its direct link to the Lahore Ring Road, making it easily accessible from all over the city. A plot will be accompanied by a number of high-quality recreational facilities. The Lake City Golf and Country Club has an international-standard 18-hole golf course that is one of the most challenging ones in the country. Its land is ranged around a large lake, where families can also enjoy. The project also has community parks with jogging tracks, tennis courts, and playgrounds. It also has the Wellness Club, which is a luxurious gym with qualified trainers and the latest fitness equipment. This club also includes a café. The Froebels’ International Schools in Lake City provide quality education at multiple levels and have a wide range of extracurricular activities such as swimming, horseback riding, tennis, and golf. The Jamia Mosque Razia is an elegantly designed mosque with space for over a thousand people to pray in.
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