Numerous residential projects are being established throughout the city to address the need for new housing units, creating opportunities for infrastructure development and growth. Zaitoon, a prominent real estate development company in Pakistan, has launched New Lahore City to cater to suburban residents’ changing needs and preferences.
This project offers enticing investment opportunities, an excellent location, and a wide range of community amenities.
Graana.com gives an overview of New Lahore City, discussing various aspects of the projects, such as location, facilities, investment scope, and a brief discussion about project developers.
Location of New Lahore City
New Lahore City is strategically located on the Main Canal Bank Road, only six kilometres from Shahkam Chowk and one kilometre from the Lahore Ring Road SL-3 interchange, also known as Multan Road Interchange. The project is easily accessible within a 10-minute drive from Ferozepur Road and a 15-minute drive from the M-2 Interchange.
The housing scheme is just 20 minutes away from LDA Lahore and 25 minutes from Lahore Airport. Additionally, taking the Main Multan Road will get you to the project in just three minutes.
Facilities and Amenities
New Lahore City Housing Scheme currently provides residential and commercial plots ranging from 2 to 40 marlas at reasonable prices to cater to the diverse needs of prospective buyers. Interested parties can book with a down payment of 17.55%, with the remaining amount payable over a 3.5-year easy installment plan.
The society offers a walled and gated community with a particular focus on landscaping to enhance the project’s aesthetic appeal. The community features a 150 ft-wide main boulevard, and 55% of the land is available for lifestyle facilities such as parks, open spaces, and a purpose-built school. The project also boasts foolproof security, with surveillance cameras and 24/7 security personnel.
Additionally, the society has an underground utility infrastructure for power, gas, sewerage, and telecommunication to minimize the visual impact of utility poles and wires. The community also has a Gold Class cinema, a shopping mall, a state-of-the-art hospital, and a Jamia Masjid.
Furthermore, Zaitoon corporate office is located within the community, and residents enjoy uninterrupted electricity, with 24/7 power backup to ensure continuous power supply.
Scope of Investment
New Lahore City is currently undergoing civil and infrastructure work at the project site. The developer is expecting significant returns for investors who time their investment correctly. The Lahore real estate market has shown remarkable returns on profits for all properties sold since 2011, particularly in the residential sector.
Moreover, the society is an LDA-approved project located near Bahria Town, Lahore, making it a highly sought-after location. With its prime location and comprehensive facilities, New Lahore City is an attractive option for those looking to invest in real estate in Lahore.
Investors who have already invested in New Lahore City have experienced 70-80% capital gains in profit in the last three years. You can expect this upward trend to continue into the next three years. Additionally, the rental prospects for properties in this residential scheme are also promising, given its proximity to famous universities and schools.
Furthermore, any high-rise project in this community is expected to generate a substantial return on investment due to its desirable location, comprehensive facilities, and potential for continued growth and development. Overall, New Lahore City presents an excellent opportunity for both short-term and long-term investments in the Lahore real estate market.
The commercial area of New Lahore City also offers a promising opportunity for retailers seeking solid footfall. The developer has already invited bookings immediately, as multiple commercial brands have already signed up to establish their outlets in the project.
This provides an excellent chance for retailers to secure a prime location in a fast-growing community with a large customer base. With the project’s comprehensive facilities, security measures, and accessibility, it is poised to become a prominent commercial hub in Lahore.
The following options are available in New Lahore City:
Plot for Sale in New Lahore City Housing Scheme
House for Rent in New Lahore City Housing Scheme
House for Sale in New Lahore City Housing Scheme
About the Developer
Zaitoon has a proven track record of successfully delivering multiple residential and commercial projects since its inception in 1987. In addition to New Lahore City, their residential projects include Royal Enclave, Premium Enclave, Platinum Enclave, Pearl Enclave, Overseas Enclave, and Zaitoon Residencia.
They also have several commercial structures, such as Japan Center, Lucky Center, and Landmark Plaza, located in Karachi, Lahore, and Islamabad. This extensive portfolio of successful projects showcases the company’s real estate development expertise and commitment to delivering high-quality properties to its clients.
Zaitoon’s founders and talent are committed to providing high-quality properties that exceed their client’s expectations. They prioritise their clients’ wishes and needs over profits, which is why they never compromise on construction standards and always strive to provide extra value for money.
With over three decades of experience in the market, Zaitoon has established a reputation for excellence in the real estate industry. Their commitment to quality and customer satisfaction has helped them to stand out and succeed in a competitive market.
FAQs
What is New Lahore City Housing Scheme?
New Lahore City Housing Scheme is a residential project located on the outskirts of Lahore, Pakistan. It offers a range of residential plots, villas, and commercial plots.
Who is the developer of New Lahore City Housing Scheme?
New Lahore City Housing Scheme is developed by the Zaitoon Group, one of the leading real estate developers in Pakistan.
What types of properties are available in New Lahore City Housing Scheme?
New Lahore City Housing Scheme offers a range of residential plots, villas, and commercial plots of various sizes.
What are the payment options for buying a property in New Lahore City Housing Scheme?
The payment options for buying a property in New Lahore City Housing Scheme include cash payments, installment plans, and bank financing.
What are the facilities available in New Lahore City Housing Scheme?
New Lahore City Housing Scheme offers a range of facilities, including a grand mosque, parks, shopping centers, schools, hospitals, and more.
Is New Lahore City Housing Scheme a secure place to live?
Yes, this housing Scheme is a secure place to live as it has 24/7 security surveillance, a gated community, and boundary walls.
Is New Lahore City Housing Scheme approved by the relevant authorities?
Yes, this housing scheme is approved by the relevant authorities, including the Lahore Development Authority (LDA).
Can overseas Pakistanis buy property in New Lahore City Housing Scheme?
Yes, overseas Pakistanis can buy property in this Scheme. The payment can be made through bank transfers or other payment methods allowed by the developer.
What is the process for booking a property in New Lahore City Housing Scheme?
To book a property in this Scheme, you need to contact the developer or their authorized agents. You will need to provide your personal details and select a property of your choice. Once you have made the initial payment, the developer will provide you with a booking confirmation.
Is there a resale market for properties in New Lahore City Housing Scheme?
Yes, there is a resale market for properties in New Lahore City Housing Scheme. However, it’s important to verify the authenticity of the property and the seller before making a purchase.
