Lahore Smart City (LSC) has been witnessing a gradual uptrend since its launch due to their investor friendly policy. A lot of investors benefited from these policies and increased their Return on Investments (ROI). The management of LSC recently issued a notification focusing on those investors who had their residential and commercial files booked before June 30, 2022 and paid only 10% booking amount till today. They were advised to pay 10% confirmation amount and two quarterly instalments till March 4, 2024. In this blog, United Green Marketing updates you on the future and latest trend of the files affected by this notification alongside investment potential for new investors.
What will the future of 10% files be?
As the LSC management has not issued any policy on the 10% booking files and their future payment plan, there are some possibilities for them. As per terms and conditions of the booking form, investors who have yet to pay any other payables can claim a refund for their payment. The refund policy allows the file holders to apply for refunds within 120 days with a deduction of 25 % amount. You can visit the LSC official website (www.lahoresmartcitypk.com) and download the REFUND form. After completing the form, you can visit the LSC’s designated office and apply for a refund. The refund will only be paid to the officially registered owner of files.
Current Market Trends in LSC
The market dynamics in Lahore Smart City have shifted. The trend has changed; now, the whole game is a game of plots. There have been two balloting and plot selection exercises in LSC, so the viable option is to buy a plot or convert your file into plot. If you want to invest in Lahore Smart City, you invest in plots, whether in the first balloting, second or third.
Investment Options
The standard policy of Lahore Smart City is to buy a file and pay 35% amount and you will get a payment plan of two years for remaining amount. You can buy any residential and commercial file now and get it included in third ballot for plot allocation. The process of third balloting is likely to start in April 2024.
- Profit comes only after converting standard files into plots through balloting
- Investors with sufficient budget and capacity for maximum payments tend to prefer plot numbers
- Plot buyers can opt to wait for long-term returns rather than engage in trading of files
- Those with limited budgets and a preference for long-term investments are advised to acquire standard files at 20% and convert them into plots
- This strategy offers the best option for long-term investment and ownership.
Investment Recommendations
For plot buyers and investors looking for long-term investments, United Green Marketing recommends standard files at 20% as still viable, provided they are converted into plots through balloting. However, plot numbers offer better opportunities for short-term investments or trading in commercial or residential sectors.
