6 Low-Cost and LDA Approved Housing Schemes in Lahore

Lahore is the most stable real estate market in Pakistan. Besides, this city is the commercial hub and offers some of the best residential prospects, so it is best for commercial and residential investment too.

Lahore Development Authority (LDA)

Lahore Development Authority often referred to as LDA, is the developmental legislative authority for Lahore City that permits and denies development that is taking place or should take place in the city. LDA Authorized housing/real estate societies are those that have been approved by the city's development authority and fulfill all the requirements set by this authority including electricity, gas, water, sewerage, and much more. To get legal status, development projects must be authorized by the LDA or this authority holds the full power to demolish or ban that project at any time.

New construction and housing projects, private houses, and commercial developments are considered illegal without LDA approval.

Low-Cost and LDA Approved Housing Schemes in Lahore

Lahore houses 236 illegal & null and 367 legal housing societies. Those societies which possess the NOC granted by Lahore Development Authority (LDA) are usually high-costing, and those which are offering unbelievably low prices haven’t even applied for their NOC yet or are very far away from the main city of Lahore. But obviously, the perfect investment prospect is the society that is not only LDA-approved but doesn’t need you to break your bank.

In this article, we compiled the list of the top 6 housing societies that are LDA approved but also cost less than the high-end housing societies. And as their society's status is legal, the investments are also safe here. As a credible real estate agency, we will guide you about legitimate options only. In case you need further assistance, feel free to reach out for services offered by Deal and Deals Pvt Ltd. We offer free remote and in-house consultations for everyone.

Top 6, LDA approved, and reasonably priced housing societies are:

1. Park View Housing Society Multan Road Lahore
2. Lahore Smart City
3. New Lahore City
4. Al-Kabir Town
5. Ferozepur City Lahore
6. Central Park

Park View Housing Society Multan Road Lahore

Even with the low-cost and LDA-approved factor, Park View Housing Society Multan Road Lahore is overall the best housing society in Lahore city. For the past couple of years, a remarkable scheme has allowed low-income families to acquire property and build the house of their dreams. Individuals can make a safe investment in the housing society with a high monetary value in the future.

Park View Society Lahore is located on the main Multan Road, near the Thokar Niaz Baig Interchange. It is one of the prime locations. In terms of accessibility, this location is:

●       On Multan Road, adjacent to the National Highway, and only a 9-minute drive from Lahore's Abdul Sattar Edhi Road.

●       L-20, Lahore Ring Road is around 18 minutes distant.

●       Defence Road is around a 19-minute drive away in Lahore.

●       It takes roughly 12 minutes to get on to Raiwind Road. Lahore

●       The M-2 highway is all about a 10-minute drive away.

NOC of Park View Society Lahore is approved by LDA. It is offering plots in the categories of Residential plots:

●       3.5 Marla

●       5 Marla

●       6 Marla

●       10 Marla

●       1 Kanal

Commercial plots:

●       6 Marla

●       8 Marla

It was launched just a while back but it is more developed than many prominent housing societies in the city who were launched quite a while before it.

Lahore Smart City

Lahore Smart City is one of the only two smart cities in Pakistan. This project and its sister project Capital Smart City Islamabad are truly offering unique and international standard amenities. It is offering very healthy returns to the investors and is approved by LDA, but its prices are still considerably low compared to the housing societies in the same category.

The location of Lahore Smart City is its most notable characteristic. It is close to the N-5 highway and the Kala Shah Kaku motorway interchange. The society's main entrance is only a few minutes away from Lahore's prominent attractions, which include the Motorway Police Station, Rana Town, and the University of Health Sciences.

Besides offering luxurious facilities, the developers also make sure to facilitate the investors in monetary matters too. Lahore Smart City payment plan is divided into a very minimal amount as a down payment and then the rest of the payment follows as the installments spread in 3.5 years.

In this society, the residential plots are available in the sizes of:

●       5 Marla

●       8 Marla

●       10 Marla

●       1 Kanal

●       2 Kanal

And the commercial plots are available in size of:

●       6 Marla

●       8 Marla

New Lahore City

The Zaitoon Group's project, New Lahore City, was announced in April 2013. It is one of Lahore's most significant and rewarding investments that too at a very reasonable price. New Lahore City is around 2 kilometers distant from Bahria Town, close to Sunder International Estate Road, and right beside NFC Phase-2 in Lahore. In essence, this society is conveniently accessible from all of Lahore's major neighborhoods. Thokar Niaz Baig and Raiwind Road are about a 7-minute drive from New Lahore City.

Instead of plots, it is offering instant residential options. The home layouts range in size from 3 Marla (91 sq ft) to 5 Marla (151 sq ft), with costs ranging from 25 lacs (2.5 million) to 35 lacs (3.5 million).

Al-Kabir Town

This project is by Al-Kabir developers, launched back in 2016. It is a relatively new project but is equipped with all of the modern-day amenities.

Residential plots of 3 Marla, 5 Marla, 7 Marla, and 8 Marla, commercial plots of 2 Marla, 4 Marla, and 6 Marla, and residential apartments of 1 bedroom, 2 bedrooms, and 3 bedroom and studio layout are also available. After the overwhelming response from the investors, Al Kabir Developers have launched Phase-2 too on Raiwind Road Lahore in 2017.

Here is the general breakdown of the payment plan:

●       3-Marla plots starting from the price of PKR 15 lacs.

●       5-Marla plots on the price of PKR 25 lacs.

●       8-Marla plots on the price of PKR 35 lacs.

●       10-Marla plots at PKR 45 lacs.

●       1-Kanal plots on the price of PKR 65 lacs

Ferozepur City Lahore

Ferozepur City is the most recent project approved by the LDA developed by Enem Holdings. established in March of 2017, The community is selling plots at reasonable and affordable costs. You can buy a plot, flats, or a house in cash or with down payments followed by installments. Another key quality of this community is its perfect and easy location.

This project is located near Sue-e-Asal on Main Ferozepur Road. The community is located directly across from MOJ College and is a 20-minute drive from Kalma Chowk. Other nearby communities include Central Park Housing Scheme, Bahria Nasheman, and LDA City.

Residential plots are offered in the society in 5-Marla, 10-Marla, and 2-Kanal sizes. 5-Marla commercial plots are also offered for people who are exploring options for commercial investments. Ferozepur society also provides an alternative for already built dwellings.

Ferozepur society also provides an option for already built homes. The solid master plan of the project includes schools, colleges, hospitals, parks, and commercial districts.

Central Park

Central Park is a slightly older housing society than the 5 mentioned prior yet it has numerous properties for sale. It is located near Allama Iqbal airport and it takes about 20 mins to reach Central Park. Central Park has over 10,000 plots for sale. It is well-developed, with schools, large streets, mosques, and a theme park built inside the project.

It is ideal for those looking for a place to live right away but within a budget. The home designs range from 5 Marla (151 sq ft) to 3 canals (16335 sqft). The plots range in price from 25 lacs (2.5 million) to 1.5 crores (150 million) depending upon the size and location.

Overview

In the end, it depends upon the buyer which property they buy, but as a real estate agency whose day-to-day job is to engage with the sales of properties, we highly recommend you to duly check the approvals from the concerned legislative authority.

All societies mentioned above are the best and reasonable investment options in Lahore, but at the top of our list are Park View Housing Society Multan Road Lahore for all of its aspects and LSC for the special Lahore Smart City payment plan it offers.