Urban City Lahore is all set for its first major milestone — the eagerly anticipated first balloting. This momentous event marks a significant step forward for investors and future residents alike. Here are 7 key facts you need to know about Urban City Lahore Balloting to help you understand the exciting developments and prepare for what’s coming.
1. First Balloting to be Held on 21st December 2024
Mark your calendars! The first balloting of Urban City Lahore is scheduled for 21st December 2024. This date is monumental as it will determine the allocation of plots for early investors who secured their files in the initial phase of the project. The balloting event is expected to draw significant attention from investors, real estate agents, and the general public. Make sure you don’t miss this important event if you are part of Urban City Lahore’s journey.
2. Venue: Site of City Oasis Block at Urban City Lahore
The balloting will be held at a strategic and meaningful location — the City Oasis Block site within Urban City Lahore. This venue choice underlines the transparency and commitment of the developers. Holding the balloting on-site gives investors and visitors a first-hand view of the project’s development progress, infrastructure status, and the overall layout of the City Oasis Block.
3. First Time in Pakistan: Balloting Within 10 Months of Launch
Urban City Lahore is setting a new benchmark in the real estate industry by conducting its first balloting within just 10 months of its launch. This is a record-breaking achievement, showcasing the swift pace of development and the dedication of the project’s management team. For investors, this unprecedented move offers quicker results and faster returns on investment, making Urban City Lahore a standout choice among recent real estate projects.
4. Files Will Be Converted Into Plots
One of the most awaited aspects of the balloting is the conversion of files into plots. Investors holding files will soon see their documents transformed into actual, tangible plots on the ground. This process will add significant value to the investment, providing clarity and a definitive allocation of land. File holders are advised to ensure all their payments are up-to-date to participate in this crucial phase of the project.
5. Transfers Will Be Opened After Balloting
Good news for investors looking to make transfers! Transfers will be opened immediately after the balloting event. This step ensures that investors have the flexibility to sell or transfer their plots as per their investment strategy. The opening of transfers also signifies a step towards greater liquidity in the market, allowing for a robust and dynamic real estate environment in Urban City Lahore.
6. Plot Prices Expected to Rise After Balloting
Investors can expect a significant increase in plot prices after the balloting. This price surge is driven by the newly established on-ground plot locations, enhanced demand, and the project’s progressing infrastructure. Balloting often acts as a catalyst for price appreciation, as it provides clarity on the physical placement of plots and reassures investors about the project’s development. This makes now the ideal time to invest before the price hike.
7. Next Phase: Possession to Be Handed Over in a Few Months
Following the successful balloting, the next phase of Urban City Lahore will be the handover of possession. The developers are already making strides in infrastructure development, aiming to ensure that possession can be granted within a few months after balloting. This swift move towards possession highlights the project’s commitment to delivering on its promises and providing investors with ready-to-build plots in a timely manner just like Al Hafeez Garden Phase 2 & Al Ghani Garden Phase 7.
Conclusion
The upcoming balloting of Urban City Lahore is more than just an event — it’s a turning point that will set the course for the future of the project. From the conversion of files into plots to the opening of transfers and the anticipated price surge, investors have much to look forward to. This first balloting event reflects the dedication of the developers in making Urban City Lahore a thriving, investor-friendly project.
Are you ready to be a part of this historic event? Don’t miss out on the chance to secure your investment in one of Lahore’s most promising real estate projects. For more details and inquiries, feel free to contact us and stay tuned for more updates on Urban City Lahore.
