LDA City, a project by the Lahore Development Authority (LDA), is being developed in collaboration with four partners. It has been embroiled in controversy because of various reasons in the past. Even a NAB case was initiated against the project, causing many to grow wary of whatever it had to offer.
However, according to a society official, the case has been resolved. And it seems like the project is generating some buzz in investor circles. But should you invest here? Let me help break it down for you.
The project is being heavily marketed in newspapers. In a newspaper ad published a few days ago, April 24 was promulgated as the last date to book a plot in LDA City. Please note that these plots were offered on a lump sum payment and were limited in number.
It was also marketed that the master plan and access road for the project were complete. However, the master plan has not been made public yet.
On the other hand, the authority has recently rolled out a public notice asking stakeholders concerned to submit their claims (if any) against the acquisition of land for LDA City in Thay Panju village. The authority has requested stakeholders to submit their claims within 15 days, after which no claim will be entertained.
The prices of plots in LDA City have been experiencing rising trends for the past few months. Currently, the plot prices being marketed in newspapers are as follows:
| Plot size | Price |
| 5 Marla | PKR 1,590,000 |
| 10 Marla | PKR 2,290,000 |
| 1 Kanal | PKR 3,690,000 |
According to the society official I spoke to, development work has begun and balloting will be held by the end of 2017. Perhaps the master plan will not be launched before balloting takes place.
The project has also seen an increase in property values because the Lahore Ring Road (LRR) cuts through it. Development work on the road is underway and prices in LDA City will increase further once development work on the road, as well as in the society, progress.
LDA City is slated to be the largest housing project in Pakistan. It will feature an 18-hole golf course, three central business districts, a diplomatic enclave, a theme park spanning 390 kanals, and a mega park spread over 1,000 kanals.
It seems like LDA City is going to be the next big thing in Lahore’s real estate landscape. On the other hand, it must be noted that LDA Avenue I (another project by LDA, located on Raiwind Road) still has litigation issues and file owners with property stuck in the project have been waiting for compensation for years now. The authority should also focus on resolving their issues.
Let’s see how the future unfolds for LDA City and LDA Avenue I. If you have any queries about both the projects, post them in the comments section below. I will answer your queries as soon as possible.
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Hi Zain,
Thanks for this article and shedding some light on this project, can you please tell me how long one should keep his investment in this project to gain some handsome profit, means if someone wants to keep it for a long term investment then how long he should keep it.
Although the location of the project is good but since it’s a LDA project i would think a hundred times before investing in this society. Also, i suspect that its that time of year when plots are offered in exchange for votes. It was done in 90’s with Sabzazar scheme and yet there are 1000s of disputed plots in that scheme alone.
The prices of 2 Kanal plot files in LDA City has already crossed 1.25 crore and are not available in market.
I am yet to read an article on Zameen.com where authors suggests “NOT” to invest in a certain area.
Zameen cannot recommend a YES or NO to anyone.
It’s against the lawful practice. It’s up to the reader to make their own judgement.
Obviously they are marketers not consultants and they are doing there job perfectly, your next step should be to contact a consultant.
Dear
As per Newspaper Advertise Today in Jang The PAK Group has Announced the price of 17,00,000/- 5 Marla
26,00,000/- 10 Marla
38,00,000/- 1 Kanal
Please clear our confusion
Overall LDA had a not so good reputation for development. LDA Ave-I after 16 years still not able to pickup as compared to other neighboring schemes despite its great location. I think LDA should first clear all matters related to LDA Ave-I before starting a new venture. For me, as some else said earlier, this is the Election Time so govt is trying to cut the ribbons for a lot of projects for publicity/votes without putting in a dime and this seems like one of the schemes.
Zain thanks for the detail analysis,
But I would like to suggest everyone, before investment in LDA City kindly in detail go through the history of LDA Avenue, there a number of end customers who didn’t receive the possession nor the compensation from the society since last more than 10 years, its will better suggest whether we should trust on LDA new projects or not?
Zameen.com doing really good job by providing such informative blogs. Keep it up and do share the quick analysis of other new projects (up-coming) or current projects so that people may save themselves. Thanks.
Zain thanks for the detail analysis,
But I would like to suggest everyone, before investment in LDA City kindly in detail go through the history of LDA Avenue, there a number of end customers who didn’t receive the possession nor the compensation from the society since last more than 10 years, its will better suggest whether we should trust on LDA new projects or not?
Zameen.com doing really good job by providing such informative blogs. Keep it up and do share the quick analysis of other new projects or current projects so that people may save themselves. Thanks.
Aoa,Zain sahib what is the latest situation about litigation plot case of Lda avenue one in the supreme court of pakistan,why the decision is taking so long and is there any alternative for the remaining affectees.
Aoa,Zain sahib what is the latest situation about litigation plot case of Lda avenue one in the supreme court of pakistan,why the decision is taking so long and is there any alternative for the remaining affectees.
I read this quote,
‘The stupidest mistake in life is thinking that one who hurt you once will not hurt you again’
I would replace hurt with rob
what is the latest situation about litigation plot case of Lda avenue one in the supreme court of pakistan,why the decision is taking so long and is there any alternative for the remaining affectees.
Please guide me about the investment in LDA city…is it safe?