Al-Noor Orchard – an excellent high-end project in Lahore

Al-Noor Orchard is one of the newest additions to the diverse real estate market of Lahore. The project is located on Main Sharaqpur Road Lahore, which is only 3 km away from Motorway M2 Faizpur Interchange, and is connected to China Pakistan Economic Corridor (CPEC) through Motorway M2 and Karachi Lahore Motorway (KLM III). It also provides easy access to Allama Iqbal International Airport.

This location provides the residents a chance to live comfortably, while also being able to access the city’s commercial areas. Al-Noor Orchard features residential as well as limited commercial plots. Careful consideration has been given in providing the most upscale designs which can ensure comfortable and luxurious living. The architectural designs have been inspired by Egyptian and British Architecture. The team of skilled architects, engineers and horticulture experts have put in great effort in creating an overall pleasant and lavish look in the entire housing project.

Project Details

Sewerage and garbage collection systems have also been put in place and clean drinking water is provided through a water filtration plant. The team of professionals have designed a state-of-the-art Jamia Masjid with unique architectural designs. Beautifully landscaped family parks will ensure there’s ample space for families to enjoy themselves and will allow the children to play openly. The community club and zoo are going to further add to the list of recreational facilities available to the residents.

Prices and projections

On offer are residential plots of 5, 8, and 10 marlas as well as commercial plots of 4 marlas. All of these plots are available on easy instalments spanning over three years, whereas possession is only within 6 months.

Payment plan

Residential Plots
Rate: PKR 550,000/marla

Plot Size (marla)	Total Price	Open Registration	Confirmation within 1 month	Balloting within 4-6 months
5	2,750,000	275,000	275,000	110,000
8	4,400,000	440,000	440,000	170,000
10	5,500,000	550,000	550,000	220,000

On Possession	Balance	Monthly Installments	Every 6th month
470,000	1,620,000	27,333	133,333
762,000	2,588,000	43,333	213,333
940,000	3,240,000	44,333	263,333

Homes

Home Size	Total Price	Booking 10%	After 2 month	On Possession	Balance Amount
Home Size	Total Price	Booking 10%	10%	On Possession	Balance Amount
3.51 M	4,700,000	470,000	470,000	940,000	2,820,000
5 M	6,750,000	675,000	675,000	1,350,000	4,050,000

1st year 12 Monthly	2nd Year 10 Monthly	2nd Year Half Yearly 2	3rd Year 10 Monthly	3rd Year Half Yearly	4th Year 10 Monthly	4th Year Half Yearly 2
33,333	33,333	160,333	38,333	200,333	38,333	299,341
45,333	45,333	260,000	50,333	303,333	53,333	444,674

Commercial Plots

The payment for 4-marla commercial plots:

Total Price	Open Registration	Confirmation within 1 month	Balloting within 4-6 months	On Possession	Balance	Monthly Instalments	Every 6th month
11,250,000	1,125,000	1,125,000	600,000	1,350,000	7,050,000	148,333	433,333

Al-Noor Orchard is going to carry out its first balloting tomorrow, 1^st September 2018 at 2 PM for plots located in Blocks A and B. This ballot is for 550 plots of 5 and 10 marlas. According to M. Aslam Pakistan from Roxland Real Estate Consultants, the prices will increase after this ballot. However, he’s sceptical that the increase won’t be that significant as the market is fairly stable at the moment, and with the high-quality construction in the project, prices are already relatively high. Aslam believes that the pace of development and the materials used in construction have enabled the prices to increase here.

However, this ballot is an important development as Al-Noor Orchard is also going to announce its extension, based on 42 acres. That will have a lot more plots for people to buy and invest in. This shows Al-Jalil Developers earnest efforts to further expand in the real estate industry and contribute to its quality.