Lahore: Only one day is left until the much-awaited ballot of the 10-marla and 1-kanal plots in Ravi Urban Development Authority (RUDA)’s housing project Chahar Bagh, Zameen News has learned. The balloting will take place on March 31.
Chahar Bagh is located adjacent to the Ring Road Interchange on the Lahore-Islamabad Motorway (M-2). While it is 10 minutes’ drive from the Allama Iqbal International Airport.
Read: RUDA to regularise certain housing schemes in Ravi City project
It has been declared the country’s first smart and planned urban development project.
The interested parties and individuals were asked to submit applications until March 21. To encourage Non-resident Pakistanis (NRPs) to participate, RUDA has provided a 5% reduction on the suggested tariff.
Following is the price of various plots and the down payment details:
PLOT PRICING | 1 KANAL | 10 MARLA |
Regular | PKR 20,000,000 | PKR 12,000,000 |
Corner | PKR 22,000,000 | PKR 13,200,000 |
Park Facing | PKR 22,000,000 | PKR 13,200,000 |
Breakdown of the proposed payment plan in case of successful balloting
PLAN TYPE | PAYMENT | REMAINING INSTALLMENTS | DISCOUNT |
Plan 1: | 100% Upfront Payment | NIL | 10% |
Plan 2: Two Year Payments | 10% Down Payment | 8 | 5% |
Plan 3: Three Year Payments | 10% Down Payment | 12 | NIL |
Read: Overseas Pakistanis offered 5% discount on Chahar Bagh plots
Moreover, the project features the following amenities:
- Safe tap drinking water
- Cornea recognition
- Drone/Quade deliveries
- CCTV monitoring
Project’s own organic market - Project’s own smart forest
- 0% carbon footprint
- Renewable energy
- Smart garbage collection
- Connection with river
- Wastewater treatment plants
- Rooftop gardens
- Self-sustained water reservoirs
The reader of Zameen news can know more about the rates and application procedure here.