Lahore Smart City 2nd Balloting Update: July 2024

Lahore Smart City 2nd Balloting Update: July 2024

Assalamu Alaikum! I’m Mian Fawad from Lahore Real Estate, bringing you big news about Lahore Smart City. Many of our customers have been asking about the second balloting date and why prices have remained stable. In today’s blog, I’ll provide answers to these questions and more.

Lahore Smart City 2nd Balloting Date Announced

The management of Lahore Smart City has announced the second balloting date for plots. It will be held on 27th July 2024. Customers who hold acknowledgment slips from 2023 and 2024 are advised to retain their files as they are likely to be converted into plots.

Pricing Update

Despite being a private developer, Lahore Smart City prices remain competitive compared to other surrounding projects. The management is committed to delivering the project on time and is actively working on-site development.

While other societies in Lahore have experienced price drops of up to 40%, Lahore Smart City’s prices have remained relatively stable. The reason for this is its strong market goodwill and the trust that customers have in its management’s ability to deliver on its promises.

Capital Smart City’s Tax Relief for Investors

Capital Smart City, which is the parent company of Lahore Smart City, has announced that it will assume the tax liabilities of its customers, both overseas and local. This is a positive development for investors who are considering purchasing plots in Lahore Smart City or Capital Smart City.

Recommendations for Investors

Customers who already hold a file for Lahore Smart City should consider keeping it as prices are expected to increase after the second balloting announcement. Those who are looking to buy files or plots are advised to act quickly to secure the best deals.

Why Prices Are Stable

Despite the anticipation around the second balloting, the prices of plots in Lahore Smart City have remained stable. Here are some reasons why:

1. Management Transparency: The management of Lahore Smart City and Capital Smart City has assured customers and investors that any taxation problems, whether for overseas Pakistanis or locals, will be handled by them. This transparency builds trust and keeps the market stable.
2. Consistent Development: Unlike many other societies in Lahore, the development work in Lahore Smart City is ongoing and timely. This consistent progress attracts investors and maintains price stability.
3. Goodwill in the Market: Lahore Smart City has a solid reputation for delivering on promises and ensuring that development projects are completed as scheduled. This goodwill keeps the demand high and prices stable.

Investment Opportunities

For those considering investing in Lahore Smart City, now is an excellent time. With the second balloting date announced, the demand for plots is expected to increase, which could lead to a rise in prices. Here’s what you need to know:

• Existing Slip Holders: Hold onto your files as they will soon convert into plots.
• New Investors: Act quickly to purchase files before the prices go up post-balloting.

Market Comparison

Compared to other private societies in Lahore, Lahore Smart City’s prices have not dropped significantly. Many other societies launched in 2021-2023 are currently selling at a loss, but Lahore Smart City remains strong due to its ongoing development and management’s commitment to customer satisfaction.

Conclusion

In summary, Lahore Smart City’s second balloting is set for July 27, 2024. The stable prices and strong market position make it an attractive investment opportunity. For more information or if you have any questions about buying, selling, or installment plans, please contact me at the number displayed on the screen: 0322-4489001. Lahore Real Estate is here to assist you with all your needs.

READ MORE: https://lahorerealestate.com/lahore-smart-city/