Lahore Smart City Announces Plot Allocation in Executive 1 & Overseas 1 Block
Lahore Smart City is the first smart project in Pakistan that was approved by the Lahore Development Authority (LDA). It is a magnificent and comprehensive housing society by Future Development Holdings (FDHL) and Habib Rafiq Limited (HRL). The administration has recently announced Lahore Smart City plot allocation in Executive 1 and Overseas 1 Block LSC is progressing rapidly, the development of different blocks is being completed timely, and possessions and allotments are being awarded to owners.
Lahore Smart City is taking different steps to ensure the timely delivery of plots. The following are the details according to the public notice released by LSC management:
The allocation of 2.66 Marla and 6 Marla in Overseas 1 and Executive 1 will be granted by the society. Following are the guidelines released by the society management in this regard:
- Members can convert the mentioned commercial plots into Overseas 1 by paying an extra 5% amount.
- Members need to pay the price differently along
with 50% payment through pay order only. The new prices of commercial plots in
Overseas 1 will be as follows:
- 2.66 Marla Plots: PKR 7,245,000/-
- 6 Marla Plots: PKR 17,640,000/-
- In the case of Executive 1 Block, members need to pay 50% payment through a pay order and immediately select their plot. No additional charges are implemented on the Executive 1 plot selection. Moreover, Lahore Smart City plot allocation will be carried out on at first come first serve basis, so don’t wait for the last date.
- Furthermore, the administration of LSC will start issuing the acknowledgment receipts from 2 October to 28 October 2023 for the remaining 3.5 Marla residential and 2.66 and 6 Marla commercials. Moreover, they will be included in the second ballot.
- The commercial plots of the mentioned blocks will not be balloted generally as these are special category plots. The administration will chance to all the customers for plot selection. To become eligible for selection, members should clear at least 40% payment against their plots.
- To become eligible for the 3.5 Marla residential plot selection, the customer needs to clear at least 30% payment. Balloting will be held for this plot size, and members have to pay the 1st quarterly installment only.
Members who were not successful in getting acknowledgment receipts for 2nd balloting will get them for the 3rd balloting by the end of November 2023.
Stay tuned to Manahil Estate for the latest updates of Lahore Smart City and Capital Smart City!
