Lake City, Lahore: possession updates you have been looking for

Lake City, Lahore’s prices, and its popularity have been gradually increasing over the years, particularly since the link to Ring Road was opened up. It is one of the top choice of high-end housing schemes and it will continue to be that in the foreseeable future. Even though the market has been rather slow in the past year in Lahore, Lake City has been keeping up its activity and buyers have been taking a constant interest in the project since it is a great project for genuine buyers.

What of the possession and development?

The project is highly attractive precisely because of its great standard of development and the fact that possession has been available most of the society. However, possession in the remaining areas – where it isn’t available – has been most awaited. Indeed, most of the questions received on Zameen Blogs have been regarding that. So here’s all you need to know:

Possession isn’t available in M-3 Extension, M-7 C-1 and C-2, and M-8, according to Ahmed Ali Khan of AAS Properties. According to him, possession for the 10-marla plots M-3 Extension is going to be available soon. He believed that we will hear an announcement about this in December of this year or January the next year.

Similarly, possession can be expected in M-8 around that time as well. However, possession in M-7 C1 and C-2 will take much longer. He expected it to take around two years. However, he was confident that we will begin seeing development in these blocks in December as well. It will, then, take around a year for development to be complete, and only after that can we expect possession.

What of the prices and buyers?

The prices currently stand as follows:

Plot Size	Price Range (in PKR)
M-1
10 marla	7,200,000—8,000,000
12 marla	7,500,000—8,500,000
14 marla	8,000,000—10,500,000
1 kanal	15,000,000—16,500,000
2 kanal	40,000,000—45,000,000
M-2
1 kanal	12,000,000—16,000,000
M-2 A
10 marla	7,500,000—9,000,000
M-3
1 kanal	14,000,000—16,000,000
M-3 A
12 marla	8,000,000—9,500,000
14 marla	9,000,000—10,500,000
1 kanal	12,500,000—16,500,000
M-3 Extension
10 marla	7,500,000—9,000,000
M-4
1 kanal	15,000,000—20,000,000
2 kanal	45,000,000—75,000,000
M-5
10 marla	7,000,000—8,000,000
M-7 A
7 marla	6,000,000—6,500,000
M-7 B
5 marla	4,500,000—5,000,000
M-8
5 marla	3,200,000—4,000,000
7 marla	4,500,000—5,500,000

According to Malik Waqas Anwer of Lahore Property Point, the prices have been increasing over the past year, ever since the link to the Lahore Ring Road was opened. Now the society has easy access to the rest of the city. This makes it fantastic for genuine buyers and while investors who have already invested will already be benefiting from it, it doesn’t hold much interest for the new investors since the margin of returns is not particularly high. Still, the newer blocks could be considered for medium-term investment.

Are you looking to buy a plot in Lake City? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for a detailed conversation.

Ahmed says:

October 4, 2018 at 12:56 pm

It is a great society. Living in it for 2 years. I have also invested in M 7 C-1 and M 7 C-2. They have potential of high return in future.
Amir Zaidi says:

October 11, 2018 at 1:09 am

AAS Properties is a Authorized real estate Agency of Lake City from last 3 years .It’s very good community with lot of attractions to live and invest.

Amir Zaidi
0321 8777732