The property market in Lahore remains vibrant, with LDA City Lahore attracting significant interest from buyers and investors. As development progresses, understanding the upcoming balloting and market dynamics is crucial for anyone involved in file allocations and transactions.
The 6th balloting is poised to occur in the coming year, focusing on Iqbal Sector Phase 1. This round will feature Blocks AA, BB, and CC as primary candidates, with Blocks EE and FF also under consideration based on recent commercial plot auctions and new file volume introductions. The selection process reflects growing activity in these areas and the expanding scope of LDA City's development footprint.
On the land acquisition front, substantial parcels have been secured around key project landmarks. Notable acquisitions include areas near Sharif Medical City, Block TT, Block SS, and the extensive 980-kanal Fatima Jinnah Park. Commuters traveling along the canal route or toward the LDA City interchange can observe visible soil mounds on both sides of the road, indicating active land acquisition operations.
For file holders, LDA City properties are backed by verified land acquisition. Each authentic file corresponds to actual land costs, ensuring that allocations translate into numbered plots on the ground. Initial file transactions cover the basic land cost, while development charges are determined and applied by the Lahore Development Authority in subsequent stages.
The billing structure for development charges has evolved through distinct phases. Early balloting cycles combined assessments, while the third and fourth rounds shared evaluation processes. After the 5th balloting, charges remained unlevied, but the 6th balloting will result in collective development charge assessments for both rounds.
Market rates for residential files show an upward trajectory. High transfer activity and limited availability have pushed pricing higher. Current prevailing rates range from approximately 31 to 31.25 lac for 5-marla files, 53 to 53.25 lac for 10-marla files, and about 93.50 lac for 1-kanal files. These rates reflect the shifting baseline of the Iqbal Sector file market as demand and transfer volumes adjust ahead of the 6th balloting.
Contact information
Name: Choudry Mujahid Yasin ( CMY )
Phone: +923224929992 Whatsapp Available