Lahore: Vesta Group, a European real estate developer, has acquired Urban Developers Associates, the name behind Grand Avenues, a housing society located on Ferozepur Road.
According to a public notice, Vesta Group will now be responsible for all developmental work in the housing scheme, including the construction of roads, parks, masaajid, and 5- & 10-marla homes.
Junaid Ali of Vesta Group told Zameen.com that developmental work is continuing at a rapid pace. The main boulevard and several roads have already been developed and development will be complete within a year. Possession will be granted to investors soon afterwards.
According to Ali, Grand Avenues will benefit from this merger because development work adhering to international standards will be conducted.
Membership booking in Grand Avenues for 5-marla, 10-marla and 1-kanal plots is currently in progress and booking is available for PKR 200,000 as down payment. The remaining balance can be paid over a 2-year instalment plan. Those who do not avail the booking opportunity will have to purchase plots by paying in lump-sum.
