Second Balloting Update of Lahore Smart City: July 2024
Hello! I am Mian Fawad from Lahore Real Estate, bringing you great news. Lahore Smart City. Many of our customers have been asking about the date of the second balloting and why the prices remained stable. In today’s blog, I will provide answers to these questions and more.
Announcement of the second balloting date of Lahore Smart City
The administration of Lahore Smart City has announced the date of second balloting of plots. will be held. July 27, 2024. Customers who have Acknowledgment Slips for 2023 and 2024 are advised to keep their files as their plots are likely to be changed.
Pricing Update
Despite being a private developer, Lahore Smart City Prices Be competitive with other nearby projects. The management is committed to deliver the project on time and is actively working on site development.
While other societies in Lahore have experienced price reductions of up to 40%, prices in Lahore Smart City have remained relatively stable. This is due to its strong market goodwill and consumer confidence in its management’s ability to deliver on its promises.
Capital Smart City tax relief for investors
Capital Smart City, the parent company of Lahore Smart City, has announced that it will handle the tax liabilities of its customers, both overseas and local. This is a positive development for investors who are considering to buy a plot in Lahore Smart City or Capital Smart City.
Recommendations for Investors
Customers who already have the Lahore Smart City file should consider keeping it as the prices are expected to increase after the second balloting is announced. Those looking to buy files or plots are advised to act fast to get the best deals.
Why are prices stable?
Despite the second draw, prices of plots in Lahore Smart City remained stable. Here are some reasons why:
- Administrative Transparency: The management of Lahore Smart City and Capital Smart City has assured the customers and investors that any tax related issues whether for overseas Pakistanis or locals, will be addressed. This transparency creates confidence and keeps the market stable.
- Continuous Development: Unlike many other societies of Lahore, the development work in Lahore Smart City is going on fast and timely. This constant development attracts investors and keeps prices stable.
- Goodwill in the market: Lahore Smart City has a solid reputation for delivering on commitments and ensuring development projects are completed on schedule. This goodwill keeps demand high and prices stable.
Investment opportunities
Now is the best time for those considering investing in Lahore Smart City. With the announcement of the second balloting date, the demand for plots is expected to increase, which may lead to an increase in prices. Here’s what you need to know:
- Existing Slip Holders: Hold on to your files because they will soon be converted into plots.
- New Investors: Act fast to purchase files before prices go up after polling.
Market comparison
Compared to other private societies of Lahore, the prices of Lahore Smart City have not come down significantly. Many other societies launched in 2021-2023 are currently selling at a loss, but Lahore Smart City is strong due to its ongoing growth and management’s commitment to customer satisfaction.
Result
In summary, the second balloting of Lahore Smart City is scheduled on July 27, 2024. Stable prices and strong market position make it an attractive investment opportunity. For more information or if you have any queries about buying, selling or installment plans, please contact me at the number shown on the screen: 0322-4489001. Lahore Real Estate is here to assist you in all your needs.
Read more: https://lahorerealestate.com/lahore-smart-city/
