Lake City: New Instalment plots launched in M-3A

Lake City is one of the best housing schemes located on Raiwind Road, indeed, in the entire Lahore and a highly popular one too! Ideally located – thanks to Lahore Ring Road – with all facilities of modern life and the infrastructure to match it, it is a great option to consider for genuine buyers.

Naturally, the prices in Lake City are high, but if affordability has been keeping you away from Lake City then the new 12-marla instalment plots launched in Lake City Block M-3A may be just the right option for you. Here’s what you need to know about them:

New deal: 12-marla residential plots on instalments in M-3A

New 12-marla residential plots have been launched in Block M-3A of Lake City. These are numbered/balloted plots for which possession is available if you make lump sum payment or as soon as your payment plan ends.

The detailed payment plan spanning a time of 2.5 years/30 months can be found below:

Plot Size: 12 marla

Plot Price: PKR 14.4 million

Down Payment: PKR 2.1 million

Quarterly Payments (10): PKR 1.224 million each

Buyer considerations

Several of the experts interviewed agreed that this deal is not really for the investors. Investors can consider other options with lump sum payments within Lake City itself. Indeed, 12-marla plots in Lake City are available for much lower prices at lump sum payments. They were also of the opinion that this is an option that should be considered primarily by genuine buyers looking to construct their homes in Lake City in about 3 years and they want to avail the option of easy instalment plans.

So, if you are looking specifically for instalment plots in Lahore and want to construct your home in a few years, Lake City M-3A plots are something that should really be added to your list of options.

Meanwhile, as far as location is consideration, all good things can be said not only about Lake City – which also located not very far from Thokar Niaz Beg — but also about these plots specifically since they are located quite close to the Lahore Ring Road, so the residents will have an easy access to the rest of the city.

All the utilities are available in the housing scheme and Lake City produces its own electricity, providing it at the same rates as LESCO. So, the buyers will have nothing to worry on that account either.

Meanwhile, the prices for plots in the rest of Lake City stand as follows:

Plot Size	Price Range
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

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

Farhan Ul Haq says:

December 29, 2018 at 11:13 am

Dear Farhad,

Thanks for the informative article. I am interested in buying the plot. Could you please get in touch with me. I would like to get further information before making a purchase decision.
Jabir Shah says:

January 1, 2019 at 4:21 pm

Salam,

Which sectors of Lake City are offering 5/7 marla plots on installments right now? Thanks.
Zahid says:

January 1, 2019 at 8:06 pm

I am interesting to buy plot in instalments.please provide me detail. You can contact me through what’s up at 1-514-688-6810
1. Muhammad Farhad says:
  
  January 10, 2019 at 9:16 am
  
  You should check Zameen listings for property in Lake City Sector M-3A.