The Lahore Smart City’s newest financial framework provides clear guidance for current plot owners and prospective investors navigating the project’s cost structure.
Development charges now apply to several sectors where groundwork is either complete or underway. The most affected areas include Overseas West and Overseas Prime. Residential fees are tiered by plot size: a five‑marla plot incurs roughly PKR 840,000, while seven‑marla and ten‑marla parcels are priced near PKR 1,750,000. One‑kanal plots carry charges in the range of PKR 3,800,000 to 3,850,000.
Commercial parcels follow a comparable pattern. Four‑marla commercial sites along 100‑foot roads in Overseas West and Overseas Prime, with possession ready, are billed between PKR 3,600,000 and 3,650,000. Two‑and‑a‑half‑marla commercial plots are set at about PKR 2,250,000, reflecting a rate of roughly PKR 850,000 to 900,000 per marla. Corner, boulevard, or park‑facing plots attract an additional 10‑20 % surcharge under the standard category rules.
These fees are limited to sectors where physical infrastructure work has been executed or is actively progressing. Undeveloped portions of Central, East, or West remain exempt from the charges. The administration has issued a one‑year installment payment schedule for eligible properties. Notifications are sent via email, and owners can view due amounts and timelines through their online accounts or the smart app. Payments may be made in cash or by direct bank transfer, and the policy explicitly states that no exemptions or waivers apply to the scheduled development charges.
It is important to note that discounts are not available on development fees. Instead, the discount mechanism targets outstanding land‑purchase installments, offering up to 37 % off when owners consolidate files. This incentive applies only to the original land cost, not to the development charges themselves.
Investment activity is expanding with the entry of Qatari capital through the Taameer Group. The group is launching Evora City, an integrated development inside Lahore Smart City slated to hit the market within the next two months. The project includes a large shopping mall covering roughly 900 kanals in the Executive Central district, alongside residential villas, high‑rise apartments, commercial business hubs, potential five‑star hotels, and a healthcare facility. The Saudi German Hospital project is set to begin on‑site soon, adding medical services to the area.
Connectivity has improved markedly. The development is linked to the Lahore Ring Road with functional entry and exit points. A 440‑foot arterial road provides direct access from GT Road, facilitating movement for residents, visitors, and commercial traffic across the site.
Contact information
Name: Choudry Mujahid Yasin ( CMY )
Phone: +923224929992 Whatsapp Available