Exclusive Report on Lahore Motorway City
The Lahore Motorway City (LMC) is a lovely housing community. LMC has been developed with an area of 20,000 Kanal of land, which is well developed for both residential and commercial plots. It provides over 2,500 plots, ranging from residential plots to commercial ones, along with dual portion architecture.
Likewise, five blocks, P, Q, R, S, T, and U, are designed fully. The blocks are further split into SB Homes and Block T-Prime and Trust Prime, all of which are Block T extensions.
It is an applauded housing company situated on the Lahore Motorway. Lahore Motorway City is an acclaimed housing company. The project was accepted by the Tehsil Municipal Administration and even in this era of a sluggish property market continued to maintain investor interest.
The project has been developed on 20,000 Kanals of land, and consists of five blocks: P, Q, R, S, T & U. The portion Block S Homes and the rest of the Block T extension can be considered in this category.
A significant portion of the housing infrastructure is completely developed, but some blocks and industrial zones are still waiting for completion.
Lahore Motorway City Location
Lahore Motorway City is ideally situated in tranquil surroundings, with all the amenities offered. The project spans an area of around 5,000 Kanals. On the way to Lahore and Sheikhupura, it’s well situated along with the Kot Abdul Malik exchange.
The place is built to have a comfortable and safe atmosphere at the right distance from the city’s main center. The General Post Office and Thokar Niaz Baig can be reached in 10 minutes by an instant drive. The old campus at Punjab University, Mall Road, Lahore College, Gulberg, and Lahore Railway Station are also reachable in 12 kilometers.
Amenities and Facilities Available
There are various facilities available in the vicinity of Lahore Motorway City that makes the housing community an exceptional one. Due to its unique features, the housing community in Lahore beholds a unique position in the town.
Here is a quick overview of the amenities that are available in Lahore Motorway City;
|Wide Road Networking||Health and Fitness Centers||Commercial Hub Zone||Proper Wastewater Management System|
|Concentrated Horticulture||Old People Home||Sir Syed Case University||Water Supply Works|
|Grand Mosque and Other Various Mosques||Wide Green Carpeted Zones||Grid Station||Natural Water Features|
|Underground Cables Connectivity||Hard Landscaping||Educational Institutions||Healthcare Centers|
|Water Treatment Plant||Gated Society||Water Tanks||Disposal Stations|
|Community Center||Mini-Golf Course||Movie House|
To check out the amenities and facilities available in Capital Smart City, you can check our recent blog.
Attractive View of Mini Golf Course
About Owners and Developers
Renaissance Group had a huge impression on the property company because of their trustworthy projects, which it passed legal registration to your clients after the reservation. At least once you have to visit the exact place as you can’t find such a classy residence all over Lahore.
Thus, before owning land, you cannot stop because Lahore Motorway City has built state-of-the-art facilities that both domestic and foreign customers enjoy seeing.
The ultimate mission of owners was to build societies in which all facets of life come together in peace and unity while taking into account the greatness of the past. However, there is already a long way to go and much more creativity and ideas to be sought.
You’ll be in Lahore Motorway City when you address the price viewpoint since any residential house has a bearable price available and adjustable installment plans are ready to give you more ease of payment. By offering new forms and ideas of life, this housing culture becomes a popular brand of the real estate industry.
Following the success of Renaissance Group, they consist of five primary companies, along with its chief offices in Khan Chamber, Saddar, Rawalpindi, namely;
- Renaissance International Construction Private Limited
- Renaissance Developers Private Limited
- Crescent Developers Private Limited
- Renaissance International Private Limited
- Prima Renaissance Private Limited
Renaissance Group of Companies have three major projects going on, such as;
- Lahore Motorway City
- River Gardens Housing Project
- RCCI Industrial Estate – Extension
Lahore Motorway City Project Description
Lahore Motorway City is a housing estate along with the government-approved motorway. In the vicinity of the Lahore Motorway Area, a toll plaza is there and the price of the property is likely to rise after the presence of a nearby toll plaza.
The housing facilities of the properties that are provided by Lahore Motorway City is on the reservation. The Mall Road is about 12 km away, Johar Town 18 km away, Model Town 12 km away, and DHA 12 km away from Gulberg and 16 km away. Furthermore, plots in 5 and 7 Marla and 1 and 2 Kanal area are also available.
The price shall be charged in simple installments over a span of 3 years. It’s a private housing society, and you don’t have to think about your family members’ wellbeing. Lahore Motorway City offers all the facilities needed for all elite families.
There are eminent features that you will observe in the LMC housing society;
- For residential plots, which are also recognized as Garden Blocks, it has a total area that ranges between 3.5 Marla to 10 Marla. It has a price range between PKR 1,000,000 to PKR 2,700,000.
- Whereas, the other residential blocks that are being sponsored to the ‘overseas’ can be ranges between 5 Marla to 40 Marla. It has a price range between PKR 1,550,000 to PKR 8,200,000.
- Likewise, there are different blocks, namely P, Q, R, S, SB Homes, U, Trust Prime. Whereas Trust Prime comprises T-block, T-Prime, and T-extension.
Estimated Price and Categories as per Plots
LMC is divided into five blocks, P, Q, R, S, T, and U, and consisting of 2,500 residential and commercial properties and homes as well. So, these have been further split into S Blocks Home, T-Prime, and Trust Prime. Whereas, both T-Prime and Trust Prime extensions are the sub-category of T blocks.
In society, the prices for houses and plots provide a great deal of economic investment potential. Different investment opportunities including properties, houses, and new booked plots can be available. The housing society is selling residential plots for 5 Marla, 10 Marla, 1 Kanal, 2 Kanal, 5 Marla, and 10-Marla (single or double portion) floor categories as well.
You can also book homes and plots with cash and in simple increments. The reservation continues only with the 20% installment package for 3 years. The project gives both comfort and convenience an excellent blend.
Here is the payment plan of LMC as per the recent development level.
Residential Blocks Payment Plan
Overseas Block Payment Plan
For the updated payment plan of Blue Town Sapphire Lahore you can visit our website SkyMarketing.
Update on Latest Development, Possession, and Balloting
The construction is complete and ownership is possible in major blocks of the housing scheme. There’s ownership of virtually all plots in the land, even if plot files are exchanged on certain blocks. However, Block S Homes have been completed and so you can book a plot there.
As for commercial hub, a large quantity of area has been much anticipated for commercial plots. There is already a balloting process going on these plots to be held and the last two years were enthusiastically awaited.
According to different representatives, the start of this process is not verified by the deadline yet. As per some unanimous reports, people can expect an acceleration regarding the developmental process in the next 6 to 8 months.
What are S homes in LMC?
S Homes Block is an immense success in Lahore Motorway City project. LMC management now has built 5 Marla houses at S Home Block. The home category consists of 5 Marla houses either comprises single or double portions. On cash payment, and simple installments, 5 Marla houses in S Block Homes can be reserved.
Furthermore, the location of S Homes Block is situated in the city of Lahore. LMC is situated on Kot Abdul Malik interchange on the Lahore-Sheikhupura Road next to the Motorway. It is an ideal spot to enter Lahore and Thokar Niaz Baig Lahore by 15 minutes on the road. In the immediate future, the location of the society is highly important, as it is nearly situated to China Pakistan Economic Corridor, CPEC.
On the contrary, one drawback in the LMC housing society is that it still lacks a few of the necessities, such as gas or water. However, the owners have assured that all the basic facilities will be available once the development process will start flourishing.
Legal Status of Lahore Motorway City
It is somewhat confusing as to the legal status of LMC. Instead of being sanctioned by LDA, the housing plan is approved by the Tehsil Municipal Administration (TMA).
However, the valid reason for considering LMC approval is that the LDA did not fall under its control when the housing scheme was launched because it did of course not come under LDA, but under the TMA management.
After December 2013, LMC was subject to LDA jurisdiction. Thus, as 20,000 Kanals of land have already been accepted by TMA, the existing understanding between LDA and LMC does no longer require the approval of LDA.
However, if and when LMC expands its surrounding area, the LDA must have to recognize it at first.
TMA approved Master Plan of LMC
Anticipated Market and Price Trends
Lahore Motorway Town’s market has been as sluggish as the rest of the real estate industry. The markets have been steady for a long time, and for now, the state is set to continue for a longer time because of its supplementary budget. The sector will then be predicted to recover in the future.
In a way close to the previous year, the plot values remain constant. According to one of the representatives of management, though it is never blossoming, the LMC market itself is very active. None of this is surprising, given the sluggish speed of the Lahore property market in Pakistan.
At least for now, the prices stand as follows;
As the real estate market has now become stable, the requirements for short-term investing are also not especially relevant. Besides, the prices would stay low in the short term provided the factor for upcoming balloting, but LMC can consider it a profitable investment opportunity in the long term if you want to make long-term investments.
Thus, LMC provides a strong housing system with all its components and requires just to draw resources on its own.
If you’re interested in or need more information on a longer-term investment in Lahore Motorway Area, please contact our real estate representative and continue visiting Sky Marketing group for more real estate updates.
An Opinion: Whether to Hold or Sell?
According to management, you already have two choices if you have invested in T-commercial plots. If it can be held for another six to eight months before a ballot has been released, you must want to continue in place. Though it is not yet confirmed, you can wait a lot longer.
The other alternative is that these properties can be sold and the returns on an investment placed into LMC ownership. It won’t be a bad deal, as rates are already very low for these plots. You should also assume a strong return margin in the medium term in this manner.
Do you want to purchase a plot in Lahore Motorway City? Are you any doubts or reservations concerning your decision? In the comments section below, you will discuss them with us. Alternatively, you can take part in a large discussion of the subject at the Sky Marketing Forum.
Prospects for Investors
Many eminent investors thought it is an outstanding choice for developers to choose commercial land. The rental value of the property here is fantastic, but after a major change of population and growth, it will take time before returns become possible.
However, some other investors indicate that, because of the slow market situation and uncertainties, any investments in LMC would entail medium to long-term investment, but would have high margins of returns in that timeframe. It’s a brilliant housing system and when the economy gets ready and technology progresses the returns will be good.
What is your view about LMC? You’ve got any questions? In the comments section, you can speak to us. For a thorough chat, you may also go to the Sky Marketing website.
You can check our recent blog on Blue World City, and get more updates about its developmental progress.
Lahore Motorway City is a perfect investment opportunity. The business has been approved by the city government, making it a secure area in which to invest. Model houses are ready and will be taken over after a payment system of 80 percent.
It is worth spending on competitive and economical costs. You ought to enjoy the finest quality facilities in a comfortable and urban lifestyle. It is a very attractive business choice for residency and investment for both services and facilities.