Palm City
Details
Palm City Lahore is an LDA-approved, master-planned residential community developed by Paramount Developers. Strategically located near the Ring Road and Allama Iqbal International Airport, it offers a secure, gated environment with fully developed infrastructure. The society features modern amenities such as parks, a hospital, shopping mall, and underground utilities, catering to a luxurious lifestyle. Its prime location and legal status make it a reliable choice for both living and investment.
- Developer: Paramount Developers (Paramount Associates), known for transparency and timely project delivery.
- Ideal For: Ideal for first-time homebuyers, families, and investors seeking a secure, well-connected community with modern amenities and strong investment potential.
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Latest Updates
FBR Revises Property Valuation Rates, Palm City Gujranwala Included in Luxury Schemes
The Federal Board of Revenue (FBR) has revised property valuation rates for tax purposes in six cities, including Gujranwala. The targeted adjustments brought notified values closer to market rates, specifically mentioning that revaluation in Gujranwala was carried out in defence housing schemes and some luxury schemes like Palm City Housing Scheme. This revision, effective from April 2026, impacts the calculation of capital gains and withholding taxes on property transactions.
Active Marketing for Possession-Ready Plots and Installment Plans in Palm City Lahore
The project is being actively marketed as a fully-developed, LDA-approved community on Main Ferozepur Road. Promotional material from early 2026 highlights the availability of possession-ready plots across developed blocks (A, B, D) and offers flexible installment plans and bank lease facilities for new inventory. Key selling points include modern underground utilities, strategic location near Central Park and Lahore Ring Road, and a range of amenities.
Palm City Lahore Mentioned Among Housing Schemes Under NAB Scrutiny
Recent media reports in 2026 have indicated that Palm City Lahore is among several housing schemes in Lahore under scrutiny by the National Accountability Bureau (NAB) for potential irregularities in approvals. This comes amidst wider crackdowns on illegal housing societies in major cities.
House Price
PKR 16162/sq.ft
YoY N/A
Plot Price
PKR 5550/sq.ft
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Commercial Price
PKR 20107/sq.ft
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Gated community with 24/7 security, CCTV cameras, and trained security staff.
Comprehensive amenities including parks, playgrounds, a shopping mall, a 24-hour hospital, sports complex, and fitness center.
Strategic location on Ferozpur Road with easy access to Lahore Airport, Ring Road, and Metro Bus system.
Affordable payment plans, LDA-approved status, immediate possession, and legal clearances from multiple authorities.
Modern and master-planned infrastructure with well-designed roads and underground utilities.
Narrow internal roads and dead-end layouts that can feel cramped, although traffic is low.
Small project size of 500 kanals, limiting expansion possibilities.
Temporary lack of gas connection, promised to be available within 12-16 weeks.
High upfront down-payments for installment plans, which some buyers find burdensome.