Looking for a place to invest in property? Consider Kings Town. This guide covers everything you need to know about Kings Town including investment opportunities, property prices in Pakistani Rupees (PKR), and other important details. Let’s start!
What is Kings Town?
Kings Town is a new housing society in Lahore, Pakistan. It is being developed by Al-Kabir Town, a well-known real estate company. Kings Town is designed to provide a high-quality living experience with all the modern amenities. It is located in a prime area, making it a great choice for both living and investment.
Why Invest in Kings Town?
There are many reasons why investing in Kings Town is a good idea:
- Great Location: Kings Town is located on Raiwind Road, a very important and busy road in Lahore. This makes it easy to reach from different parts of the city.
- Modern Facilities: The society offers all the modern facilities like parks, schools, hospitals, and shopping centres. This makes it a comfortable place to live.
- Affordable Prices: The prices of plots and houses in Kings Town are very reasonable compared to other housing societies in Lahore. This makes it a good option for people who want to invest in property.
- High Returns: Property prices in Kings Town are expected to increase in the future. This means you can make a good profit if you invest now and sell later.
Areas for Investment
Residential Plots
If you want to buy a piece of land to build your own house, Kings Town offers residential plots of different sizes. Here are the options:
- 3 Marla Plots: These are small plots suitable for building a comfortable home. The price for a 3 Marla plot is around PKR 25 to 30 lakh (2.5 to 3 million rupees).
- 5 Marla Plots: These are slightly bigger plots and are a popular choice for families. The price for a 5 Marla plot is around PKR 40 to 50 lakh (4 to 5 million rupees).
Houses
If you prefer to buy a ready-made house, Kings Town offers beautifully designed houses. Here are the options:
- 3 Marla Houses: These are compact homes perfect for small families. The price for a 3 Marla house is around PKR 60 to 70 lakh (6 to 7 million rupees).
- 5 Marla Houses: These are more spacious homes with more rooms. The price for a 5 Marla house is around PKR 90 lakh to 1 crore (9 to 10 million rupees).
Commercial Plots
If you are looking to invest in commercial property, Kings Town also has options for you:
- 2 Marla Commercial Plots: These are small plots suitable for shops or small offices. The price for a 2 Marla commercial plot is around PKR 50 to 60 lakh (5 to 6 million rupees).
- 4 Marla Commercial Plots: These are larger plots suitable for bigger businesses. The price for a 4 Marla commercial plot is around PKR 1 to 1.2 crore (10 to 12 million rupees).
Is Kings Town Approved by the Government?
Yes, Kings Town is an approved housing society. It has received all the necessary approvals from the Lahore Development Authority (LDA). This means that the society follows all the rules and regulations set by the government. Investing in an approved society is very important because it ensures that your investment is safe and legal.
How to Book a Plot or House?
Booking a plot or house in Kings Town is a simple process. Here are the steps:
- Visit the Office: You can visit the Kings Town office located on Raiwind Road. The staff there will provide you with all the information you need.
- Choose Your Plot or House: Decide whether you want to buy a residential plot, a house, or a commercial plot. Choose the size that fits your budget and needs.
- Fill Out the Form: You will need to fill out a booking form with your details.
- Make a Down Payment: You will need to make a down payment to confirm your booking. The amount of the down payment will depend on the size and type of property you choose.
- Installment Plan: The remaining amount can be paid in easy installments over a period of time. Kings Town offers flexible installment plans to make it easier for you to pay.
Detailed Breakdown of Residential Plots
3 Marla Plots
A 3 Marla plot is a small piece of land that measures about 675 square feet. It is a perfect size for building a small, comfortable home. Many people choose 3 Marla plots because they are more affordable.
- Location: These plots are available in various blocks of Kings Town.
- Price: As of today, the price of a 3 Marla plot ranges from PKR 25 to 30 lakh (2.5 to 3 million rupees).
- Payment Plan: Kings Town offers easy installment plans. You can pay a down payment and the rest in monthly or quarterly installments.
5 Marla Plots
A 5 Marla plot is larger, measuring about 1125 square feet. It is a good choice for families who need more space.
- Location: These plots are available in prime locations within the society.
- Price: The price of a 5 Marla plot ranges from PKR 40 to 50 lakh (4 to 5 million rupees).
- Payment Plan: Like 3 Marla plots, you can pay for a 5 Marla plot through an installment plan.
Breakdown of Houses
3 Marla Houses
A 3 Marla house is a ready-made home built on a 3 Marla plot. It is a compact home but has all the necessary rooms and facilities.
- Design: These houses typically have a living room, kitchen, 2 bedrooms, and 2 bathrooms.
- Price: The price for a 3 Marla house is around PKR 60 to 70 lakh (6 to 7 million rupees).
- Payment Plan: You can also buy these houses on easy installment plans.
5 Marla Houses
A 5 Marla house is built on a 5 Marla plot and offers more space and comfort.
- Design: These houses usually have a living room, dining area, kitchen, 3 to 4 bedrooms, and 3 to 4 bathrooms.
- Price: The price for a 5 Marla house is around PKR 90 lakh to 1 crore (9 to 10 million rupees).
- Payment Plan: These houses can also be purchased through installment plans.
Commercial Plots
2 Marla Commercial Plots
A 2 Marla commercial plot is a small piece of land ideal for shops or small offices.
- Location: These plots are available in commercial areas within Kings Town.
- Price: The price for a 2 Marla commercial plot is around PKR 50 to 60 lakh (5 to 6 million rupees).
- Payment Plan: Kings Town offers flexible installment plans for commercial plots as well.
4 Marla Commercial Plots
A 4 Marla commercial plot is larger and suitable for bigger businesses.
- Location: These plots are located in prime commercial areas within the society.
- Price: The price for a 4-Marla commercial plot is around PKR 1 to 1.2 crore (10 to 12 million rupees).
- Payment Plan: These plots can be purchased through easy instalment plans.
Amenities
Kings Town Lahore offers a variety of amenities to ensure a comfortable and convenient lifestyle for its residents:
- Parks and Playgrounds: There are several parks and playgrounds where families can relax and children can play.
- Schools and Colleges: The society has plans for schools and colleges to provide quality education within the community.
- Hospitals and Clinics: There are medical facilities available to ensure the health and well-being of residents.
- Shopping Centers: Kings Town will have shopping centres and markets to cater to the daily needs of residents.
- Mosques: There are mosques within the society for residents to offer their prayers.
