Platinum Enclave – a budget friendly project
The Platinum
Enclave will be located in New Lahore City’s Phase II, and has on offer 5- and
8-marla residential plots, which can be acquired on four-year instalments. You
can book a plot in Platinum Enclave by paying a 20% down payment. And if you
pay the full amount in one go, you can avail a discount of 10% on the total
amount payable.
Plot Type
|
Total Price
|
Down Payment
|
48 Monthly Instalments
|
Four Annual Instalments
|
5 Marla
|
PKR 2,200,000
|
PKR 440,000
|
PKR 27,500
|
PKR 110,000
|
8 Marla
|
PKR 3,500,000
|
PKR 690,000
|
PKR 42,500
|
PKR 192,500
|
The payment plan
spans four years, which means that the developer will probably complete the
project within this timeframe. According to a source, the Zaitoon Group has
already acquired the required land for the project. Moreover, even though the
Lahore Development Authority (LDA) has approved the project, the master plan
has not yet been shared with the public the developer will make it available
once balloting has taken place.
But why should
you invest? For starters, if you have a smaller budget then this is one place that
might get you big returns. the average price of 5-marla plots in the locality
increased 47.63% and that of 10-marla plots increased 49.21% in 2016. A Lahore
Ring Road (LRR) interchange is to be developed near New Lahore City. Once the
LRR project is completed, prices will only shoot up further.
Possession of plots in Phase II
According to my
sources, Zaitoon Group offered possession of 2,000 plots in Phase II on Sunday.
If the patterns are to be believed then I think the developer might deliver
Platinum Enclave within the next four years. The society is located very close
to Bahria Town, despite which the prices on offer aren’t that high. Moreover,
with Platinum Enclave, the rates are extremely enticing, and not to be missed
out on.
Development status
New Lahore City’s
Phase II is currently being developed. However, Phase III is yet to see any
progress in terms of infrastructure development. My sources have also said that
previous landowners are waiting for the wheat crop to ripen before they hand
over the land to Zaitoon Group. Once this happens, development work in Phase
III is expected to speed up.
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