The Ravi Urban Development Authority (RUDA) has officially announced the launch of the “Chahar Bagh Mixed-Use Block,” an innovative development project located in Lahore. This block is a significant addition to the ongoing urbanization efforts by RUDA, focusing on integrating commercial and residential spaces to create a vibrant and sustainable urban environment.
About RUDA
The Ravi Urban Development Authority (RUDA) is a government initiative focused on revolutionizing Lahore’s urban landscape. As part of its ambitious vision, RUDA is spearheading the development of Pakistan’s largest riverfront project along the 46-kilometer stretch of the Ravi River. Covering a total area of 110,000 acres, this project is set to provide housing for nearly 10 million residents.
With large-scale developments such as the Chahar Bagh, RUDA is dedicated to driving economic growth, attracting significant investment, and improving the overall livability of Lahore, making it a model for sustainable urban development in the region.
About Chahar Bagh Mixed-Use Block
Mixed-use development refers to projects that combine both residential and commercial spaces within the same building or area. A typical example would be a high-rise structure with commercial shops and offices on the lower floors and residential apartments on the upper floors.
In the case of Chahar Bagh, the Mixed-Use Block offers a unique opportunity for developers to invest in commercial plots, where they can construct their own commercial projects. This blend of residential and commercial spaces not only enhances the functionality of the area but also contributes to its economic vitality, making it a highly attractive investment opportunity for both developers and residents.
- Total land area of this block is 35 Kanals
- Per Kanal Price set by RUDA is 10.50 Crore
Development Highlights:
- Flexible Payment Plan: Investors are provided with a manageable payment structure to facilitate smooth transactions.
- Construction & Marketing Rights: Buyers will have construction and marketing rights, enabling them to start developing and utilizing the plots within the first year.
How to Apply
Interested investors can obtain the application form from the Sales & Customer Service Department at RUDA Head Office, located at 151-Abu Bakar Block, Garden Town, Lahore. The application form is available upon payment of a non-refundable fee of PKR 200,000 in favor of Ravi Urban Development Authority.
Last Date to Apply
Applications must be submitted by 9th December 2024.
Why Invest in Chahar Bagh Mixed-Use Block?
The Chahar Bagh Mixed-Use Block offers a unique and lucrative investment opportunity in one of Lahore’s most promising areas. Here are the key reasons why investing in this development is a wise decision:
Strategic Location
Situated in a prime area of Lahore, the Chahar Bagh Mixed-Use Block is poised to become a major commercial and residential hub. Its central location ensures high footfall, increased visibility, and long-term value appreciation, making it a top choice for investors and businesses alike.
Premium Development Standards
RUDA (Ravi Urban Development Authority) is committed to delivering world-class development standards. The project is being designed with sustainable urban planning, state-of-the-art infrastructure, and eco-friendly features to create a modern, environmentally responsible, and highly livable community.
High ROI Potential
Given its prime location and strategic planning, the Chahar Bagh Mixed-Use Block offers significant return on investment (ROI) potential. Investors can expect substantial financial growth as the area develops into a vibrant commercial and residential zone.
Encouragement for Real Estate Developers
RUDA actively encourages global real estate developers to be a part of the project. This initiative ensures the presence of cutting-edge, diverse projects within the block, further enhancing its appeal and value for investors and businesses.
Key Investment Drivers
Here are the driving factors that make Chahar Bagh Mixed-Use Block an exceptional investment opportunity:
- Modern Infrastructure with Sustainable Urban Planning: The development will feature advanced infrastructure, designed with sustainable urban planning principles to ensure long-term growth and environmental responsibility.
- Flexible Investment Terms: Whether you’re a small-scale investor or a large-scale developer, Chahar Bagh offers flexible investment options that cater to a wide range of needs.
- Attractive Opportunities for Global Developers: The project provides a rare platform for international real estate developers to enter Lahore’s growing market, opening doors to high-value commercial and residential developments.
In summary, investing in Chahar Bagh Mixed-Use Block presents a prime opportunity for those looking to capitalize on Lahore’s growing real estate market. With its strategic location, world-class development standards, and attractive investment terms, this project is set to offer significant returns for early investors.
Following is a copy of the newspaper advertisement published in Daily Jang on November 24th, 2024:
Conclusion
The launch of the Chahar Bagh Mixed-Use Block by RUDA represents an unmissable opportunity for investors and developers seeking prime real estate in Lahore. With a focus on flexible payment plans, early construction rights, and sustainable development, this project is poised to become a landmark in urban development. Interested parties should act quickly to secure their spots before the December 9, 2024 deadline.
For more information, visit RUDA’s official website or contact their customer service team at 0333-9400999.
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