Development Charges of Etihad Town Lahore

Developmental Charges of Etihad Town Lahore

Residential societies offer their properties for investors with a specific payment plan where everything is clearly mentioned about when the charges will be due and how much an investor has to pay according to his property size and layout. These charges include down payment, installments, yearly payments, possession payments, ballot charges and developmental charges.

These charges are paid at a specific time and a specific gap is present so the investors can easily invest for their property. One of these charges, developmental charges are mentioned in two different ways. Some residential societies include the developmental charges in their payment plan and some keep the development charges out of their specific developmental charges and only cost of land is mentioned. But in any case, the residential societies demand these charges. In this blog, we will discuss what are developmental charges, why they are hidden,

What are developmental charges?

Developmental charges are the specific fee a residential society charges from investors to smoothly provide the facilities and amenities as promised by the management of the residential society. These charges also cover the costs associated with developing and maintaining the infrastructure and facilities within the residential society.

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The developmental charges for a residential society can vary widely depending on several factors, including the location, size, and amenities of the residential society, as well as the policies of the management.

Some types of developmental charges that residents may be required to pay are given below:

Maintenance Charges
Water and Sewerage Charges
Electricity Charges
Security Charges
Common Area Cleaning and Landscaping Charges
Parking Charges
Community Hall or Amenity Charges
One-time Membership Fees
Legal and Administrative Charges

Why developmental charges are hidden?

Mostly developmental charges are hidden till the end of the payment plan as the cost of construction material is directly related to the development charges. If the developmental charges are mentioned before time, the cost will be different than the cost on which the material will be actually purchased.

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The difference in prices could lead the management to buy low quality construction materials. It will be very bad in quality and soon all the development will be wasted. To escape this situation, it is better that societies’ management demand the developmental charges at the end of the payment plan.

How can investors save themselves from the extra development charges?

Investors have to pay the developmental charges in all cases but they need to be aware of the fact to not pay extra developmental charges then the actual developmental charges.

Investors/Residents should carefully review the society’s bylaws, financial statements, and any agreements related to these charges before purchasing a property within the society.

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Additionally, it’s a good idea to inquire about any upcoming or planned developmental projects that could result in increased charges in the future. You can contact Pakistan Property Services to guide you about these charges.

Etihad Town Lahore:

Etihad Town Phase 2 Lahore is a residential society that provides a modern lifestyle in the center of luxuries. This family-oriented society is built with a focus on the latest development trends. Here luxury homes, residential plots for sale, and commercial plots for sale are available at the best prices with lifestyle comforts.

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Etihad Town Phase 2 has announced possession for all properties in Etihad Town Phase 2. Now, Etihad Developers have once again fulfilled their legacy and announced possession in Etihad Town Phase 2.

Etihad Town Phase 2 is LDA Approved society. Etihad Developers have always provided their projects on time. The investors/dealers who want to gain the possession of their properties in Etihad Town Phase 2 will have to submit the possession application in the Head Office of Etihad Town. They will also have to clear all their dues.

Etihad Town Lahore developmental charges:

Recently, in Etihad Town Lahore Phase 2 possession has been handed over to the investors and they can start the construction on their properties as they like. Now the management of Etihad Town Lahore is demanding the developmental charges for this area.

These charges are not hidden charges as developmental charges are always charged and Etihad Town Lahore has always mentioned “cost of land” on their payment plan.

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To make the payment of developmental charges easy, Etihad Town Lahore has offered 12 monthly installments to be paid in a year. The first installment for developmental charges will be paid in October 2023. Each installment is 8.3% of the total payment of developmental charges. The installments will continue from 7^th October 2023 to 7^th October 2024. The monthly details of developmental charges for 5 Marla residential plots are given below.

Etihad Town Lahore developmental charges plan for 5 Marla residential plots
Sr. no.	Date	Description	%age	Amount (PKR)
1	7-10-23	Installment 1	8.3%	118,750
2	7-11-23	Installment 2	8.3%	118,750
3	7-12-23	Installment 3	8.3%	118,750
4	7-01-24	Installment 4	8.3%	118,750
5	7-02-24	Installment 5	8.3%	118,750
6	7-03-24	Installment 6	8.3%	118,750
7	7-04-24	Installment 7	8.3%	118,750
8	7-05-24	Installment 8	8.3%	118,750
9	7-06-24	Installment 9	8.3%	118,750
10	7-07-24	Installment 10	8.3%	118,750
11	7-08-24	Installment 11	8.3%	118,750
12	7-09-24	Installment 12	8.3%	118,750
		Total	100%	1,425,000

Announcement by Etihad Town Lahore:

Etihad Town Lahore has announced few possibilities where investors can avail some discount on the payment of developmental charges.

Investors/residents who will complete the grey structure of their property in just 6 months will pay only 25% of the developmental charges on their properties. 75% of the developmental charges will be excluded from their payment. For 5 Marla residential plot, the 25% development charges will be just PKR 356,250.
Another announcement is that 20% discount will be given on 100% lump sum payment which will be just PKR 1,140,000.
Another announcement is that 10% discount will be given on 50% lump sum payment which will be just PKR 1,282,500.

Why invest in Etihad Town Phase 2?

Etihad Town Phase 2 is a golden opportunity for investment. It is a perfect opportunity for the investors who wanted to invest in Phase 1 but could not invest due to dome reason. Some of the reasons for investment in Phase 2 are given below

Previous successful projects of the society:

Soon the possession for Phase 1 will be given to its investors. This also has helped Etihad Town to gain trust of the investors to invest in their future projects. The prices of the plots in Phase 1 have increased lot and many residential projects are available at own prices.

Ideal Location:

Etihad Town Phase 2 is located near Halloki Interchange which has an easy access from all over Lahore City through Ring Road. Ferozpur road and Raiwind road also have an easy access to Etihad Town Phase 2. LDA City is located right next to Etihad Town Phase 2.

Low Prices:

Right now, the prices of this project are very at the initial stages but are soon expected to rise. This makes it very golden time for investment in Etihad Town Phase 2. But as the possession has been announced, the prices will appreciate quickly here.

Rental Income:

The investors can earn high profits and high ROI by investing in Etihad Town Phase 2 as this project has the high demand being linked to Etihad Holdings. Etihad Holdings is giving the same facilities and amenities in this project like the Phase 1 where the residents can have a luxury living experience.

Investors can easily earn monthly rental income which is less risky than any other type of investments.

NOC approved:

Etihad Town Phase 2 will soon be NOC approved. This will resolve any kind of legal issues a society can have.

Considering these project factors, it can be an investment that delivers unmatched dividends and is a golden opportunity. Take advantage of this golden chance and book these affordable plots at reasonable prices and a flexible payment plan with Pakistan Property Services.

You can contact Pakistan Property Services for more information. We provide better consultations for your real estate matters as the authorized dealers of Bahria Town and Etihad Town projects. For further information, you can call +92 321 111 2508 or visit our YouTube channel Pakistan Property Services, where we regularly update you to learn about the new trends in the real estate market of Pakistan.

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DHA’s in all cities of Pakistan

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

Islamabad:

Islamabad is nestled against the backdrop of the Margalla Hills. It is a modern, planned city with wide tree lined streets, large houses, elegant public buildings and well-organized bazaars. It is however; always under construction to improve transportation or develop new housing areas for its growing population. The walkways are shaded, safe, and separated from the traffic by rows of flame trees, jacaranda and hibiscus. Roses, jasmine and bougainvillea fill the parks, and scenic viewpoints show the city to its advantage. Below the list of some of the top Projects in Islamabad:

Rawalpindi:

Rawalpindi is an important administrative, commercial, and industrial centre. Its industries include locomotive works, gasworks, an oil refinery, sawmills, an iron foundry, a brewery, and cotton, hosiery, and textile mills; it also produces shoes, leather goods, pottery, newsprint, and tents. Below the list of some of the top Projects in Rawalpindi:

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Faisalabad:

Faisalabad, formerly known as Lyallpur named after the founder of the city is the third-most-populous city in Pakistan after Karachi and Lahore respectively, and the second-largest in the eastern province of Punjab. Below the list of some of the top Projects in Faisalabad:

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Gujranwala:

Gujranwala is a city and capital of Gujranwala Division located in Punjab, Pakistan. It is also known as “City of Wrestlers” and is quite famous for its food. The city is Pakistan’s 5th most-populous metropolitan area, as well as 5th most populous city proper. Below the list of some of the top Projects in Gujranwala:

Multan:

Multan is city of Saints, it is best place to live if you belong to either middle class family, rich family or a poor family. The city is now develop city of Pakistan you can get every life facility here easily at low cast. Multan’s foods are very delicious especially mangoes of Multan are world famous. Below the list of some of the top Projects in Multan:

Bahawalpur:

Bahawalpur lies in the heart of South Punjab and is filled with stories that surround the legacies of Kings, Nawabs and their extravagant lifestyles. Below the list of some of the top Projects in Bahawalpur:

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Peshawar:

Peshawar is the capital of the Khyber Pakhtunkhwa province of Pakistan. It is the biggest city of Khyber Pakhtunkhwa and is a relatively prosperous city. It is also a cultural and economic hub of Khyber Pakhtunkhwa. The city is famous for its food and tourism as it is one of the oldest cities of Pakistan with a recorded history that dates back to 539 BC. Below the list of some of the top Projects in Peshawar:

Gwadar:

Gwadar, town and seaport, southwestern Balochistan province, southwestern Pakistan. Located on the sandy Nuh headland that juts southward into the Arabian Sea, the town is an important fishing (sardines and sharks) and trade centre. Below the list of some of the top Projects in Gwadar:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

Maps of Societies and Projects in Pakistan:

Maps are the only source to view online high resolution 24 hours updated maps of Housing Societies, Schemes, Towns, Villas and Homes in all over Pakistan. Below the list of maps of some of the top Projects in Pakistan:

Developmental Charges of Etihad Town Lahore