New Metro City, Lahore, is a fantastic housing society with a lot of exclusive features that make it a standout among other heavy hitters in the real estate market. There are plenty of reasons to buy a commercial plot here, specifically from an investment point of view because the rate of return and the profit margins are staggeringly high. The question is, what if you wish you purchase a commercial plot in New Metro City Lahore, but don’t have the full funds for it? Naturally, that means you will opt for buying the commercial plot on installment, but do they offer it? The answer is yes!
So, let’s take a look at the breakdown of the commercial plots on insallment basis of New Metro City Lahore:
Cost Breakdown Of A New Metro City, Lahore, Commercial Plot On Installaments
Before we begin the cost estimation breakdown, please be aware that this is subject to change and that the break up will not include the costs of development charges, nor will it account for the peripheral location charges for corners, park facing, or Boulevard plots. It’s a 3 year installment plan. Now, let’s begin!
- Down payment at the time booking, it will vary depending on the size of the commercial plot. For instance, for a 3.5 marla plot, the down payment is PKR 400,000/-
- At the confirmation date there will be a payment requirement, for a 3.5 marla plot, it amounts to PKR 450,000/-
- After confirmation, there will be 36 monthly installments that you must make each month. For a 3.5 marla plot, the monthly installment amount is PKR 37,500/-
- Additionally, there will be 12 quarterly installments that must be paid on time, due every 4 months. For a 3.5 marla plot, the amount is PKR 49,500/-
- At the time of balloting, another sum will be payable. For a 3.5 marla plot, the amount payable will be PKR 549,000/-
- Finally, at the time of possession, the final payment for the land will be due. In case of a 3.5 marla plot, the amount payable will be PKR 649,000/-
The frame of reference for the total amount you will be paying for a commercial plot of 3.5 Marla in New Metro City, Lahore, is PKE 3,995,000/-