New Lahore City (NLC) is an LDA-approved housing society developing by mainly Zaitoon Group and also Rafi Group. The residential society is located at main Canal Bank Road, which spans over a large land area offering a range of 3 Marla, 5 Marla, 7 Marla, 10 Marla, 1 Kanal, and 2 Kanal residential plots.
Zaitoon Group and Rafi Group are well-known real estate developers. The developers have made sure to develop this community on modern urban development principles with all the world-class luxurious facilities.
Top-quality infrastructure development is the signature characteristic of the developers. The society provides a central location to the residents from where a person cold access any major location of Lahore.
New Lahore City Owners & Developers:
Zaitoon Group & Rafi Group are the developers of the New City. The Zaitoon was founded in 1987 to provide beyond lifestyle excellence. Initially, it was a joint venture between both entities but later on Rafi Group separated itself from the development and selling of plots. Then, the project was taken onwards by Zaitoon and now Zaitoon Group is the only developer of this project.
Zaitoon Group is now dealing with the development of society and management. Zaitoon has applied the latest expertise while building this society with the help of a trained and professional team. Mian Ayaz Anwar is the CEO and Mian Ejaz Anwar is the Chairman of the company.
The New Lahore housing society has become the mark of excellence by achieving a strong bond of trust with the investors and residents. All the engineers and other staff who worked on this project had years of real estate development experience. The official address is ZAITOON Corporate Office, Main Boulevard, New Lahore City Phase II, Canal Bank Road, Lahore, Pakistan.
Zaiton has years of real estate property development and completed several successful projects on deadline with world-class infrastructure development.
The previously completed projects are as follows:
- Japan Center
- Lucky Center
- Landmark Plaza
- Center Point Plaza
The upcoming project by Zaitoon Group is Zaitoon City and the ongoing project is New Lahore City. Their offices are in Lahore, Islamabad, and Karachi.
The goal of Zaitoon includes:
- Providing high quality completed projects at the lowest price in the shortest time
- Obligation to our customers to deliver quality products well on time
- Serving our customers efficiently & effectively
- Providing best advice for investment
Messages Chairman and CEO of Zaitoon:
Chairman conveys the message that “At Zaitoon, we understand that to grow as an organization we must ensure that the community we serve in, also grows and prospers with us. Our focus, therefore, is not merely on brick-and-mortar developments, but on creating high-growth lifestyle environments that create new jobs and support ancillary industries”.
CEO conveys the message that “If there is one word that defines Zaitoon, it is community. As a company, we are dedicated to our primary goal – to create integrated lifestyle communities and serve as a strategic partner in the socio-economic growth of Pakistan.”
The promise of Zaitoon is “Zaitoon is bringing a different experience, vision, and quality to Pakistan to deliver unmatched lifestyle. When we start a project, we do it with dedication and motivation. Supported by a team of highly skilled professional workers, every stage is planned and executed with attention to excellence for quality. We always focus on fulfilling our commitment as we believe that there is always more we can do”.
The vision of Zaitoon is “To become a premier real estate developer & builder of Pakistan. we aim to provide world-class lifestyle coupled with state-of-the-art amenities that accommodate people from all walks of life”.
The mission of Zaitoon is “To establish modern real estate projects with innovative concepts and latest technologies. With a focus on customer satisfaction, our goal is to provide efficient services by timely delivery of projects. We develop gated communities & high-rise smart buildings”.
The Zaitoon offers following real estate development services:
- Town Planning
- Urban Development
- Architecture & Design
- Urban Development
The Zaitoon has partnered with several other entities to provide a whole new level of the development package. The partners include:
New Lahore City NOC:
The No Objection Certificate (NOC) of New Lahore City is duly approved by the Lahore Development Authority (LDA) soon after the launch of the society. Acquiring NOC from concerned authorities is a big milestone for society developers. With the approval, the society is legalized and completely safe to invest in.
Once the society is approved the prices of plots rise. So, the best time is when society is in its pre-launch stage and then invests to gain the best return on investment.
New Lahore City Location:
The location of New City Lahore is situated at a prime location in Lahore. It is located right next to the main Canal Bank Road. The location of the society could also be accessed from Lahore Ring Road, Multan Road, N-5 National Highway, Thokar Niaz Baig, and NFC Phase-2. Sundar Road also provides access to society.
Several housing societies, landmarks, and places are also located close to the society. Some of the main housing societies include DHA, Bahria Town, and LDA Avenue. The Sunda Industrial Estate is also close to it.
Society is accessible from the following ways:
- Right next to the Canal Bank Road
- Almost 5 min drive from N-5 National Highway
- Almost 8 min drive from Multan Road
- Almost 9 min drive from Sunder Industrial Estate Road
- Almost 11 min drive from Manga – Raiwind Road
- Almost 17 min drive from Mal Talib Sarai Road
Nearby Landmarks and Places:
Following are the nearby landmarks and places:
- Bahria Town
- Sundar Industrial estate
- Sukh Chain Gardens
- Lahore Canal
- LDA Avenue
- The Oasis & Aqua Resort
New Lahore City Master Plan:
New Lahore City housing project is a piece of art divided into several phases, Block and plots for better management of the property on the ground. NLC is divided into phases-I and phase-II, and Blocks are offered A, B, C, and Premium Enclave. Zaitoon Residencial is the upcoming project of NLC.
Following are the phases of New Lahore Society:
Following are the Blocks of the New Lahore Community:
- Block A (Royal Enclave)
- Block B (Premium Enclave)
- Block C (Pearl Enclave)
- Block D (Platinum Enclave)
Residential Plots Sizes:
Royal Enclave is offering 5 Marla, 10 Marla, and 1 Kanal plots. Premium Enclave offers 5 Marla, 10 Marla, and 1 Kanal plots. The Platinum Encalve is offering 5 Marla, 10 Marla, and 1 Kanal plots.
The Pearl Enclave also offers 5 Marla, 10 Marla, 1 Kanal plots, and 5 Marla ready-made Villas, although Villas are sold out. The overseas Enclave 5 Marla, 10 Marla, and 1 Kanal & 2 Kanal plots.
2-bed & 3-bed luxury apartments “Zaitoon Residencia” is also an upcoming project.
Following are the sizes of residential plots:
- 3 Marla (22 X 32)
- 5 Marla (25 X 45)
- 7 Marla (30 X 52)
- 10 Marla (35 X 65)
- 1 Kanal (50 X 90)
- 2 Kanal (60 X 150)
Following are the sizes of commercial plots:
- 2 Marla
- 5 Marla
- 8 Marla
New Lahore City Payment Plan:
The developers have made sure that this society remains in buying capacity of families even from a low-income financial background. Following are payment plans of residential and commercial plots:
Payment Plan Residential Plots:
The price for the 5 Marla plot is offered at Rs. 2,275,000 Lacs with a downpayment of Rs. 375,000, 42 monthly installments at Rs. 28,738 and 7 semi-annual installments of Rs. 99,000.
The price for the 10 Marla plot is offered at Rs. 4,375,000 Lacs with a downpayment of Rs. 725,000, 42 monthly installments at Rs. 55,238 and 7 semi-annual installments of Rs. 190,000.
The price for 20 Marla plots is offered at Rs. 8,250,000 Lacs with a downpayment of Rs. 1,345,000, 42 monthly installments at Rs. 104,405 and 7 semi-annual installments of Rs. 360,000.
Payment Plan Commercial Plots:
The price for the 4 Marla plot is offered at Rs. 6,250,000 Lacs with a downpayment of Rs. 1,338,000, 42 monthly installments at Rs. 103,111 and 6 semi-annual installments of Rs. 200,000.
The price for the 8 Marla plot is offered at Rs. 12,000,000 Lacs with downpayment of Rs. 2,508,000, 42 monthly installments at Rs. 205,333 and 6 semi-annual installments of Rs. 350,000.
Plot Prices Market Trend:
Following are the plot prices in the real estate as per market trend:
3 Marla is offered from Rs. 16.3 Lacs to 21.1 Lacs. 5 Marla is offerd at 25.9 Lacs to 30.5 Lacs. 7 marla is offered at 33.3 Lacs to 46.9 Lacs. 10 Marla is offered at 46.1 Lacs to 58.5. 1 Kanal is offered at 81 Lacs to 1.1 Crores. 2 Kanal is offered at 2.1 Crores to 2.6 Crores.
2 Marla commercial plots are available at 40.3 Lacs to 44.1 Lacs. 5 Marla plot is available at 55.2 Lacs to 1.1 Crores and 8 Marla plot is available at 85.1 Lacs to 2.13 Crores.
Note: It is important to mention here that the real estate property prices never remain the same.
Facilities and Amenities:
The developers of NLC have ensured the provision of world-class facilities and amenities to the residents. This is also one of the reasons that the investors are taking so much to invest in society.
Following are some of the main facilities in New Lahore City:
Among the most needed facilities, the facility of the mosque is essentially made part of the master plan so that the residents may develop and maintain a strong relationship with the creator of the whole universe. A beautiful architecture mosque will be built in the society for the residents.
A sense of safety and security is necessary for the residents to feel all the time, may it be day or night because all that matters at the end of the day are safe. A person is possessive about the safety of the family and if society is not safe then no resident or investor will be interested to invest in the society.
Security guards, CCTV cameras, and a central security command center will be established to maintain strict and high-standard security for the sake of the safety of the residents.
Wide Carpeted Roads:
The roads, streets, and main boulevard are designed to provide a safe and spacious commute for the residents. The roads and streets are laid with high-tech security and street light systems. Such advancements and innovations make it even more attractive for investors.
Recreational Parks and Zoo:
Society has taken care of all the needs of families and children living within the premises. For this purpose, the developers have included a well-planned zoo and public lush green parks that will provide a green, fresh, and eco-friendly environment to the people living in Nova City.
Society is going to provide all the world-class medical and health care facilities to the residents. Clinics and hospitals will provide all the high-tech health care and emergency facilities with high-professional doctors and para-medic staff.
Society is also offering basic educational institutions like schools and colleges to make sure that the children are enlightened with the light of knowledge.
This society has its community clubs where the residents can arrange different events including parties, dinners, and marriage functions. It is constructed perfectly. A banquet hall is also available within the society.
Sewerage & Water:
These luxurious necessities of inhabitants are fulfilled in the best possible manner. Through underground pipelines, residents won’t face unknown breakdowns because of bad weather. Because of the good sewerage system, residents will not face any drainage issues. Pure and filtered drinking water is also available to residents through filtration plants.
Following are the main features of NLC:
- The beautiful designed main entrance
- Gated & secure Community
- Carpeted and 150ft. wide roads
- 55% land area reserved for facilities
- The wide and beautiful main boulevard
- Foolproof security & a Safe society
- Public Parks
- Jogging Tracks
- Walking tracks
- Power, Gas, and water 24/7
- Playland and play areas for children
- Waste disposal system
- Sports areas for adult and children
- Medical facilities
- Educational institutions
- Commercial areas
- Zaitoon Corporate Office
- Environment-friendly society
Why Invest in New Lahore City:
Following are the convincing reasons to invest in NLC:
- Fast-pace development
- 400% increase in real estate property
- Zaitoon is a well-known developer, delivering real estate development services for more than 30 years.
- Luxurious and affordable property
- Easy and affordable payment plans and plot prices
- LDA approved housing society
- Proximity to many major locations
- Advanced housing society
Guidelines to follow while Purchasing/Sale of Plots in New Lahore City:
Following are the guidelines to follow:
Please ensure, to always verify all the documentation with complete satisfaction to avoid any miscommunication or misunderstanding. Before getting into any purchase or sale of the property make sure to inquire about the NOC and approval document by the developers duly approved by the LDA. In this way, your documentation will be valid by all means that may offer customer satisfaction.
Before the conclusion of any transaction of any sale or purchase of the property, please make sure that your funds are in line with your purchase plan. In this way, your purchase or sale will be done without any issue.
Before any purchase and after surety of the validity of documents, do visit the site on the ground to ensure that the written documents are under the plot specifications on the ground.
Documentation Requirement for booking:
Following documentation is required to buy property in New Lahore Society:
- Two passport size Pictures
- Two copies of your National Identity Card
- Two copies of the ID card of your next of Kin
- NICOP for overseas clients
Benefits of Real Estate Investment:
Real estate investment is one of the most profitable businesses among others. It has great investment return potential. But the point to keep in mind is that it will only be profitable when conducted correctly. One can gain several kinds of benefits from investment in the real estate industry. Some of the main benefits are as follows:
If a person has some extra amount or someone has some asset and he wants to keep the value of that asset high, then surely real is the sector that can keep the value of investment high and does not depreciates
A person can generate a stable income with investment in real estate easily. One can buy a property develop it or buy a developed property and rent it out on a monthly or yearly or quarterly basis. Not just this, the rent increases every year by some percentage so it would not be wrong to say that it gets better than stable.
Once an investment is concluded then it’s not like some living thing that you have to look after it on daily basis. The maximum you will have to do is visit your property every while to ensure it does not into the wrong hands of encroachers.
Once, someone has invested in a real estate property, then passive income like rent could be generated from it. Investors buy a developed property or develop an open land and then rent it out, which ensures a steady source generation source throughout the year, uninterruptedly.
Real estate investment is a sort of business that will never lose its value, once done rightly. Real estate value always increases every year. And if some major government or private project is started in its vicinity then the value may increase manifold.
Pros & Cons:
Following are the Pros & Cons of New Lahore City:
|24/7 Water||Perception of high plot rates|
|Theme Parks/Recreational Areas|
|Peaceful/ healthy/secure environment|
|Gated community with security gates, surveillance systems, CCTV Cameras & guards|
|Very close to the main locations & other societies|
|Wide planned carpeted main boulevard,Roads, streets, lanes & walk-ways for pedestrians|
|Well-planned drainage & waste disposal systems|
|Green, smart and sustainable housing society in Islamabad|
|Police Station to keep the law & order|
|Solid waste disposal mechanism|
Frequently Asked Questions (FAQs):
Following are the Frequently asked questions (FAQs) about this society:
Q1: What is NLC and how is it different from other housing societies?
Ans. It is an improved version of a residential society developing with high-tech technology equipment.
Q2: Is it an approved and legal housing society?
Ans. Yet, the NOC of it is approved by the LDA.
Q3: Is the development work in full swing?
Ans. Yes, the development is at full speed without any delay.
Q4: Is it an affordable housing society?
Ans. Yes, there is not a single doubt because the easy and flexible installment plans make it the most buyer-friendly housing society.
Q5: Does this society has a potential high yield investment return?
Ans. Yes, because the installment schedules are highly attractive to families even from a humble background and small investors are taking interest to invest in large numbers. Hence, increasing the chance of high-yield investment returns.
New Lahore City is an LDA-approved housing society built for only one purpose and that is to provide a high-quality living experience to the residents. Luxurious amenities and location are the main characteristics of this society.
So, Sky Marketing highly recommends that this is the golden opportunity to invest in this society. If you want to know more about such housing societies, please read about Blue World City, Park View City, Blue Town Sapphire Lahore, Lahore Smart City, Nova City, and Capital Smart City to learn more about similar luxuries being offered at low prices.