The latest local briefing highlights key financial policies and upcoming developments within Lahore Smart City, offering clarity for plot owners and investors.
### Development Charges Implemented
Charges are now active across specific sectors where groundwork is complete or ongoing, notably Overseas West and Overseas Prime. Residential fees vary by plot size: a five‑marla plot carries a development cost of roughly 840,000 rupees, while seven‑marla and ten‑marla plots are assessed at about 1,750,000 rupees each. One‑kanal plots attract charges ranging from 3,800,000 to 3,850,000 rupees.
Commercial parcels are similarly impacted. Four‑marla commercial sites along 100‑foot roads, with possession ready in Overseas West and Overseas Prime, are priced between 3,600,000 and 3,650,000 rupees. Two‑and‑a‑half‑marla commercial plots are set at approximately 2,250,000 rupees, reflecting a rate of 850,000 to 900,000 rupees per marla. Corner, main boulevard, or park‑facing units incur an extra 10 to 20 percent surcharge on top of the base amounts.
### Where Charges Apply and How to Pay
These fees are limited to sectors and plots where physical infrastructure work has already taken place or is currently in progress. Undeveloped portions of Central, East, or West districts remain exempt from billing.
For qualifying properties, the administration has issued a one‑year installment schedule. Plot owners receive email notifications, and updated account statements detail the due amounts. Payments may be made in cash or via direct bank transfer, with no exemptions or waivers granted for the scheduled development charges.
### Installment Discount Clarification
Lahore Smart City does not provide discounts on development fees. However, eligible owners can obtain up to a 37 percent discount on outstanding land‑purchase installments through the file‑merging mechanism.
### Evora City and Its Commercial Vision
Qatar’s Taameer Group has brought foreign investment to launch Evora City, an integrated development slated to hit the market within the next two months. The project will feature a massive shopping mall covering roughly 900 kanals in the Executive Central district, alongside residential villas, multi‑story apartment blocks, commercial business hubs, potential five‑star hospitality venues, and a forthcoming Saudi German Hospital facility.
### Connectivity Enhancements
Access to the development is bolstered by operational entry and exit links on the Lahore Ring Road. Additionally, a 440‑foot arterial connection off the main GT Road provides further logistical support for residents, visitors, and commercial traffic.
Contact information
Name: Choudry Mujahid Yasin ( CMY )
Phone: +923224929992 Whatsapp Available