Lahore Smart City is a project of the Federal and Provincial Governments in collaboration with the private sector. It aims to become a smart city by 2030. The project has different phases which are being implemented one after another. The first phase was launched in 2017 and the second phase will be launched next year. It was also revealed that there will be nine other LSHC Phase-III cities in Pakistan by 2022.

The Project Cost While initial phases may cost more, as the city expands, new projects become cheaper because of economies of scale. Let’s take a look at the cost breakdowns for each phase of Lahore Smart City.

Lahore Smart City Phase 1

Construction of the first phase of Lahore Smart City started in October 2016 and was scheduled to be completed in February 2020. The total expenditure during the construction of the first phase was $1.6 billion. The total cost of the first phase was $1.6 billion, which included the land, construction, and final operations and maintenance costs. The operation and maintenance costs of the electronic systems of the city are being met by the federal and provincial governments. The total cost of the first phase of Lahore Smart City was $1.6 billion which was later increased to $3.3 billion. However, in September 2018, the Federal Minister for Planning, Development and Reform, Chaudhry Nisar, claimed that the cost of the project had reached $4.6 billion.

Lahore Smart City Phase 2

In February 2016, the Punjab and Sindh governments approved a joint proposal to build a second phase of the project. Under the second phase, construction will expand from the existing city limits to take in all the surrounding areas.

The total amount allocated for the second phase of the project is $1.5 billion which was later increased to $2 billion. The additional amount was spent on acquiring land, financing the construction of the project, and improving the environment.

Lahore Smart City Phase 3

The third phase of the project will bring the total area under development to 100,000 acres. This will bring the total cost of the project to $4.6 billion. Like in the second phase of the project, the cost of the third phase is estimated at $4.6 billion. However, this time, the additional amount is for the development of 51st ward of Lahore.

Lahore Smart City Phases 5-9

The fifth phase of the project will bring the total area under development to 100,000 acres and the total cost of the project will be $6.25 billion.

10 Marla Plot for Sale in Lahore Smart City – Get a Quote Today

If you’re looking to build your dream home in one of the most amazing cities of the world, then look no further than Lahore. The city is not only beautiful but also home to some of the friendliest people you could ever meet. It is also home to a thriving real estate industry, which has made it one of the best places to buy property in Pakistan. If you are looking for that perfect plot for sale in Lahore, keep reading this article to know more about what’s involved and how you can find exactly what you’re looking for. In this blog post, we will explain everything from finding a plot for sale in Lahore to how much it costs and whether or not it’s a good deal.

What is a plot for sale in Lahore?

A plot is a piece of land measuring 120’ x 120’ or nearly 3 acres. It is usually plot-free, with the exception of the house and other accessories such as water body, soil and trees. The plot may be located in a city or a town, a rural area or a military area.

There are many types of property for sale in Lahore, but the most common plot for sale in Lahore is a land plot. This type of property is usually free and clear of any buildings or structures. A typical house site is usually located on the edge of the plot.

How to find a plot for sale in Lahore?

There are many ways to find a plot for sale in Lahore. The most common method is through an estate agent. You can also approach developers directly and ask for a recommendation. However, keep in mind that most developers will only sell you a plot if you’ve already acquired residential property elsewhere in the same development.

If you are new to the Lahore real estate market, it is advisable to find a local real estate investor to buy a plot from and help you find your best deal. A local real estate investor is usually a private individual who already has some commercial experience.

You can typically find them either in your state or at the Lahore office of their brokerage. You can also find local investors who purchase a large number of plots in a particular area and then rent them out. The key difference between these two types of investors is that the first acquire their land through purchase and the latter their cash flow through rental. A good local real estate investor will know the area well and be able to help you find the best deal.

What is the average plot price in Lahore?

The average price of a plot for sale in Lahore is approximately Rs.35 million. The price varies greatly depending on the location of the plot as well as the condition of the land. A plot in the heart of Islamabad, for example, might cost less than one in the countryside. A plot in Lahore’s A-Y area, which is close to the border with Saudi Arabia, might cost as much as a plot in Khewra, which is located in the desert. The price of a plot for sale in Lahore also depends on the type of property you wish to buy. A house may cost as much as a plot for four acres of land.

How to buy a plot for sale in Lahore?

Ideally, you will want to find a property that is in the same development as you are in. This will help you to get in touch with the management of the property and ask them to point you in the right direction. Once you’ve found a property to buy, check if they are offering any discounts, offers or special financing. Once you’ve done that, you need to check the authenticity of the listing. Make sure that the pictures and details on the page are accurate.

Pros and Cons of Buying a Plot for Sale in Lahore

This is likely to be a big benefit when you’re looking at relocating. It also makes the process of buying a plot more convenient as weeding through listings and negotiating a purchase can be a bit challenging without a car.

Conclusion

In the hustle and bustle of modern life, it is sometimes easy to forget how important nature is. When you are near the city of Lahore, you are very close to nature. You can walk or bike to work, school or the market without worrying about traffic and other traffic hazards. When you are ready to build your dream home, you can look for a plot for sale in Lahore. This will allow you to enjoy the beauty of the city and take some

It will have an emphasis on decentralization of governance, communication, and transportation. It will be a city that offers seamless and affordable traffic flow, with telephone and electricity services available to all. With a population of over 1.73 million people, Lahore is a city that desperately needs a smart city.

Therefore, the Lahore Smart City project, while a great initiative, will likely require significant private investment.