Lalazaar Garden Phase 2

Allama Iqbal Town, Lahore, Punjab, Pakistan

Details

Well-Planned Infrastructure Prime Connectivity Affordable Housing Options Modern Finishes & Amenities

Lalazaar Garden Phase 2 is a residential housing society in Allama Iqbal Town, Lahore. Launched by Zaheer Associates, it offers a network of well-planned 40-foot internal streets and a range of 2 to 5 marla double-storey homes and plots. The development is strategically positioned with easy access to Multan Road, Kareem Block Market, Moon Market, and the Lahore-Islamabad Motorway, providing excellent connectivity. It presents an affordable yet well-connected residential option with essential amenities nearby.

  • Developer: Zaheer Associates
  • Ideal For: This community is suitable for families and investors seeking affordable residential options in a well-connected area of Lahore.
AREA(Kanal)
211+

Map-calculated

block
4

In total

Plot
--

In total

Approved
No

Latest Updates

2024-06

High Investor Demand for Lalazaar Garden Phase 2

Recent months have seen high investor interest in Lalazaar Garden Phase 2 due to its prime location and affordable pricing, driving significant market activity and demand.

2024-05

Construction Progress and Expected Completion

Construction work is actively underway for Lalazaar Garden Phase 2, with completion anticipated by the end of 2024, indicating steady progress on the development.

Launch and Infrastructure Development

The second phase launch is imminent, accompanied by new infrastructure developments such as roads and utilities to enhance livability and support residential plots.

2023-12
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Regulatory Approval Delays Impact Timeline

Earlier in the project, there were delays in regulatory approvals that affected the initial timeline, but progress has since resumed with updated schedules.

Pestimate
Investment analysis
Investors
First-time homebuyers, mid-income investors, and those seeking capital appreciation in affordable housing.
Recommend
For capital appreciation, target 3-Marla houses priced around PKR 0.9-1.0 crore in Phase 2 with direct road access; for rental yield, consider completed properties in developed blocks. 4-Marla units can offer premium resale after amenities are operational.
Holding period
3-5 years to allow infrastructure projects to mature and maximize returns.
Tips
Verify developer's clear possession timelines, select blocks with good road connectivity, and plan exit strategies leveraging upcoming developments like road upgrades and Kareem Block market. Avoid file investments and prioritize LDA-approved properties.
Investment Risks
Risks include delays in infrastructure development, market volatility due to economic conditions, potential legal issues with property titles, and congestion from increased traffic. Investment returns depend on timely completion of projects and overall real estate market trends.
Reviews

Living Environment

 

Quiet, family-friendly environment with decent security patrols.

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Amenities

 

Presence of basic amenities within walking distance, including nearby grocery stores, mosques, and a bus stop.

Layout & Infrastructure

 

Well-planned layout with wide streets.

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Affordability

 

Comparatively affordable property prices for the Lahore market.

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Housing Options

 

Availability of modern 2- to 4-marla homes with marble finishes and double-story options.

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Location & Connectivity

 

Strategic location off the 40-foot road near Sabzazar, with easy access to Multan Road and major commercial hubs like Kareem Block Market and Moon Market.

Community Facilities

 

Lack of fully developed schools and large parks within the immediate society, forcing families to travel to neighboring areas for education and recreation.

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Utilities

 

Water supply can be intermittent, especially during peak summer months, leading to reliance on private tanks or water tankers.

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Utilities

 

Electricity costs are perceived as high and occasional load-shedding has been reported.

Traffic & Accessibility

 

Traffic congestion on the adjoining 40-foot road increases during rush hour.

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Infrastructure

 

Delays in the delivery of promised infrastructure such as underground drainage and street lighting.

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