Tag: Iqbal Sector

  • LDA City Lahore’s 6th Balloting & File Market Update

    The LDA City Lahore project continues to attract significant attention from property buyers and investors. As development milestones advance, land acquisition expands, and market dynamics shift, keeping track of sector allocations and balloting schedules is crucial for anyone who holds or is considering files in this mega housing scheme.

    Market participants are now focused on the upcoming 6th balloting. Current indicators suggest this round will take place in the coming year rather than this calendar year. Unlike earlier rounds that covered Jinnah Sector, the 6th balloting is earmarked for Iqbal Sector Phase 1. The primary blocks slated for this round are Block AA, Block BB, and Block CC. Additionally, Block EE and Block FF are being considered for inclusion, a possibility reinforced by recent commercial plot auctions in those areas and the steady influx of new file volumes.

    As the volume of active files rises, the housing scheme broadens plot allocations across diverse blocks. This expansion ensures that file holders receive specific plot numbers on the official map as development progresses within the designated sectors.

    On‑ground progress is evident through substantial land acquisition around key landmarks. Acquired parcels include areas near Sharif Medical City, Block TT, Block SS, and the expansive 980‑kanal Fatima Jinnah Park. Commuters traveling from the canal route toward the LDA City interchange or the Lake City route can observe visible soil mounds on both sides of the road, clear indicators that these lands have been secured under LDA City’s possession.

    For file holders concerned with land rights and legitimacy, LDA City files are backed by actual land acquisition. Every authentic file reflects the cost of land, ensuring that allocations translate into numbered plots on the ground. Standard procedure dictates that initial file transactions cover the basic land cost, while development charges are determined and levied by the Lahore Development Authority at later stages.

    The billing pattern for development charges has followed distinct phases. The first and second balloting cycles had their charges applied together, and the third and fourth rounds shared a combined assessment. After the 5th balloting, development charges have not yet been imposed. Once the 6th balloting concludes, it is anticipated that development charges for both the 5th and 6th allocations will be issued collectively.

    Residential file trading rates have shown an upward trend recently. High transfer activity and a tightening supply of available files have contributed to improved price brackets. Current prevailing rates stand approximately between 31 and 31.25 lac for 5‑marla files, 53 to 53.25 lac for 10‑marla files, and roughly 93.50 lac for 1‑kanal files. As demand and transfer volumes adjust ahead of the 6th balloting, these brackets reflect the shifting baseline of the Iqbal Sector file market.

    Contact information Name: Choudry Mujahid Yasin ( CMY ) Phone: +923224929992 Whatsapp Available