Renaissance Group has seen immense success for offering residential plots on east instalments in Lahore Motorway City, a project spread over 5,000 kanals and located near Shahdara, just a few kilometres’ drive from the Kala Shah Kaku Interchange of M2-motoray.
Now, to satiate the appetite of those looking for affordable housing options on easy instalments, the developer has launched another project titled Lahore Motorway City Homes in Block S of Lahore Motorway City.
The project features 300 single- and double-storey houses of 5 marlas. Without further ado, let me share price details of these houses with you. The instalment plan for different categories of 5-marla plots is spread over 36 months as follows:
| 5 Marla (single storey, 714 square feet) | 5 Marla (single storey, 931 square feet) | 5 Marla (double storey, 1387sq feet) | ||
| Total Amount | PKR 2,800,000 | PKR 3,300,000 | PKR 3,800,000 | |
| Payment at the time of booking (10%) | PKR 280,000 | PKR 330,000 | PKR 380,000 | |
| Month 1 | At the time of laying foundation | PKR 280,000 | PKR 330,000 | PKR 380,000 |
| Month 2 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 3 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 4 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 5 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 6 | Bulk Amount | PKR 244,000 | PKR 279,000 | PKR 314,000 |
| Month 7 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 8 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 9 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 10 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 11 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 12 | Bulk Amount | PKR 244,000 | PKR 279,000 | PKR 314,000 |
| Month 13 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 14 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 15 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 16 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 17 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 18 | Bulk Amount | PKR 244,000 | PKR 279,000 | PKR 314,000 |
| Month 19 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 20 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 21 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 22 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 23 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 24 | Bulk Amount | PKR 244,000 | PKR 279,000 | PKR 314,000 |
| Month 25 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 26 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 27 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 28 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 29 | PKR 20,000 | PKR 25,000 | PKR 30,000 | |
| Month 30 | Bulk Amount | PKR 244,000 | PKR 279,000 | PKR 314,000 |
| Month 31 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 32 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 33 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 34 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 35 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Month 36 | – | PKR 20,000 | PKR 25,000 | PKR 30,000 |
| Payment at the time of possession (15%) | PKR 420,000 | PKR 495,000 | PKR 570,000 |
Approval from Town Municipal Administration (TMA)
The approval for Lahore Motorway City was taken in 2008 from the TMA, which means it is safe to invest in the society. But I still suggest people do their proper homework and visit the society before diving in.
Development and possession
Model houses are ready and I have learned that homeowners will get possession upon completion of 80% of the payment plan.
Should you invest in the project?
According to Hafiz Muhammad Irfan Tahir of Tahir Associates, a road connecting the China-Pakistan Economic Corridor will pass by the society. Secondly, a tax free zone for the textile industry will also be set up in the same vicinity, making Lahore Motorway City a project worth considering for investment.
That’s all about Lahore Motorway City Homes for the day. If you have any queries about the project in mind, please feel free to converse with me in the comments section below.
Related News
Development in this society is too much slow. May be because of CPEC. Also in CITY 42 news paper at 2016-02-03, LDA issue a caution notice regarding this society. http:// daily42. pk/ images/date/2016-02-03/2.jpg
Dear Waqas,
According to a source, work on sewerage, electricity and roads is underway at a good pace. Secondly, the link you shared doesn’t work
On my side, link is working after removing the spaces. http:// daily42. pk/ images/date/2016-02-03/2.jpg I can not attached image with comment so, i can email u if you can provide the email address.
Also, I visit this society after every two to three months. I am also very interested in buying and building home over there. However, to construct the home, this society will take too much time. I would say this society is good for long term investment
This housing society is situated in a zone where flood water would gather & it’s very likely that streets & houses would be under rain water.
Seems to be a good investment to have decent house to live in. Important is that schedule of payments and completion must be respected both by the buyer and seller respectively.
A clear layout plan for the houses and the entire development must also be available for viewing of the buyers. This may depict the street widths, locations of Hospital, School, Parks, Mosque, any other community center etc.,
Buyers must satisfy themselves by asking approval of the development from the concerned department. They get it verified from the department either by phone or going to the office, in person. It shall save the buyer from future hassles. The buyer must visit the web page of the developer, if available. Once the buyer gets satisfied, the schedule of payments, completion and handing over must also be made a part of the contract between the buyer and the seller.
Disneyland Lahore is also planned to be built around this with 5-star hotels and restaurants. Do you think that too will make this place worth gold in near future?
Yes InshaALLAH. Infrastructure development play an important in boosting prices in housing societies located in the same neighbourhood.
Regards,
zain Nadeem
Interested candidates must also verify the enterance gate location, how far is it from M2 interchange or GT road
It is located at a distance of 2 kms from Kot Abdul Malik Interchange and almost 12 kms from Mall Road.
Hi zain. Can u tell me if motorway city is approved by LDA. And they are selling the files same a numbers of plots in plan? How far it is expected to have posession? I also want to know if any future road network will affect the society’s plot buyers? Regards, Hasan