Palm City Lahore has been creating quite a buzz in the city’s real estate market for some time now. The society particularly attracts buyers interested in constructing their homes instantly. For these buyers, having a chance to purchase developed plots on a convenient payment plan is the project’s most appealing aspect.
As a potential investor, you should also know that as many as 50 houses are currently under construction here. Not to mention that Zameen.com has already started to register demand for 5
Here is the latest on Palm City Lahore: information that will prove highly useful if you wish to purchase property in a potentially rewarding and reliable housing development.
Details of the Project
The society is located on the Main
Check out this basic map for the project below:
Palm City is a project of Paramount Associates, a company known for adhering closely to the best practices of transparency and timely delivery. This is evident from the fact that they offered plots on sale only after the Lahore Development Authority sanctioned its approval. Also, since Palm City Lahore is LDA approved, the project provides a certain satisfaction to people looking to make safe property transactions.
The society, additionally, has several well-known and popular housing schemes in its immediate vicinity. These include Central Park, Bahria Nasheman, and the Pak-Arab Housing Scheme – with the famous Lahore General Hospital also situated close by.
With LRR’s Southern Loop II made functional last year, Palm City became much more accessible from all phases of the Defence Housing Authority, Raiwind Road, Defence Road, Model Town, Gulberg, and Lahore Cantt.
Development status of Palm City
Out of the five blocks in Palm City, development work in four (Blocks A, B, C, and D) is now complete. In these developed blocks, the roads, sewerage work, parks, streetlights, watering infrastructure, electricity and gas supply, and other public facilities are in final shape. A demand draft for gas supply in the society has also been approved. According to society management, gas supplies will formally commence in the next couple of months.
As mentioned earlier, around 50 houses are being constructed in Palm City. With many 3 marla and 5 marla homes currently in the works, real estate builders are also keen to make their inroads into the project. At the moment, the society is home to 10 families, and the developer is processing a request to get the
Market demand
As mentioned, Palm City Lahore is a developed society, and it offers plots ready for possession on a convenient 18-month payment plan. This makes it one of the hottest societies in the neighbourhood for the end users looking to buy land. Even during dull market days, a decent number of plots get transferred on a daily basis.
The society has attracted more buyers through word of mouth than conventional marketing means. Furthermore, its offering of certain buyer-specific benefits, including a 6% on-cash payment facility and an 18-month payment plan, has successfully resulted in working the project’s ‘magic’ on potential investors.
For the most part, the developer has tailored the plot options available in the project in line with the popular market demand. In Palm City Lahore, you will find 3.5-marla, 5-marla, 7-marla, and 8-marla residential plots readily available. Please note that the inventory for 10-marla plots has been sold out. This shows high demand among people looking to purchase land in Palm City Lahore.
Our sources have confirmed that the demand for 3.5-marla and 5-marla plots in Palm City Lahoreis comparatively higher. According to the society’s authorized agents, 5-marla plots here come with a premium ranging between PKR 200,000 to 300,000. Due to growing demand, experts believe that the premium demanded on smaller plots will increase further in the future.
Their optimism rests on the fact that gas connections will be made available soon, and also that the number of families living there is increasing constantly. Not to mention that the society is also gaining momentum on the commercial end: McDonald’s is coming to the project!
Payment plan
Here is the Palm City payment plan for plots available in Blocks A, B, C, and D.
| Plot Size | 3.5 Marlas | 5 Marlas | 7 Marlas | 8 Marlas |
| Booking amount @30% in PKR | 795,000 | 1,095,000 | 1,350,000 | 1,458,000 |
| Monthly instalment @4%x18 in PKR | 101,000 | 140,000 | 172,600 | 189,863 |
| Total Price in PKR | 2,650,000 | 3,650,000 | 4,500,000 | 4.950,000 |
This was the latest we had to share on Palm City Lahore. If you have any queries regarding buying plots in Palm City Lahore, or feedback to share on the article, please leave them in the comments section below. For more updates, stay tuned to Zameen Blog.
