Payment Plan for 3 Marla Residential Plots in Awami Block, Al Ghani Garden, Lahore

Al Ghani Garden is one of the emerging residential projects in Lahore, providing affordable housing options for both local residents and investors. The Awami Block, a specially designated sector in Al Ghani Garden, offers a variety of plot sizes tailored to different budgets, and the 3 Marla (675 sq. ft.) residential plot is particularly appealing due to its manageable size and reasonable payment plan. Below is a detailed breakdown of the payment plan for these plots.

Plot Details:

• Plot Size: 3 Marla (Residential)
• Total Price: PKR 950,000

This price point makes it an attractive option for individuals looking to invest in a growing housing community or to build their own homes in an affordable manner.

Breakdown of the Payment Plan:

1. Booking Amount: PKR 200,000

To secure your 3 Marla plot in the Awami Block, you will need to pay a booking amount of PKR 200,000. This initial payment is crucial to reserve your plot and ensure you are included in the project.

2. Monthly Installments: PKR 7,500 for 48 Months

Following the booking, you will be required to pay 48 monthly installments of PKR 7,500 each. This flexible plan spreads the cost of the plot over four years, making it easier to manage. The monthly payments are quite affordable, allowing buyers to gradually meet their financial commitments without straining their budgets.

• Total Monthly Installments Over 4 Years: PKR 360,000

3. Balloting Amount: PKR 200,000

The balloting amount of PKR 200,000 will be due at a predetermined time when the developer conducts the plot balloting. This amount is essential as it determines the allocation of plot numbers and the location within the Awami Block. It’s a significant milestone in the payment process, ensuring that buyers officially receive their designated plot.

4. Possession Amount: PKR 190,000

The possession amount of PKR 190,000 will be payable when the developer grants possession of the plot. This is the final step before you can officially start construction or resell the plot if you choose. Once possession is granted, you will have full access to your 3 Marla plot, and it will be legally transferred under your name.

Full Payment Summary:

• Total Price: PKR 950,000
• Booking Amount: PKR 200,000
• Balloting Amount: PKR 200,000
• Possession Amount: PKR 190,000
• Total Monthly Installments: PKR 360,000 (PKR 7,500 × 48 months)

Grand Total: PKR 950,000

Payment Milestones:

1. Booking (PKR 200,000) – Due at the time of reservation.
2. Monthly Installments (PKR 7,500) – To be paid over 48 months.
3. Balloting Amount (PKR 200,000) – Due at the time of balloting.
4. Possession Amount (PKR 190,000) – Due upon granting possession of the plot.

Why Invest in Awami Block, Al Ghani Garden?

Al Ghani Garden’s Awami Block offers a blend of affordability and future potential growth. This well-planned community boasts modern infrastructure, essential utilities, and a location that is quickly becoming a hub for real estate investments in Lahore.

1. Affordable Entry Point: The 3 Marla plot, priced at PKR 950,000, presents an affordable opportunity for middle-income households and first-time buyers.

2. Convenient Payment Plan: With a flexible installment plan, it’s easier for buyers to manage their finances without feeling overwhelmed by a large upfront cost.

3. Future Growth: The location of Al Ghani Garden, combined with ongoing infrastructure developments in Lahore, makes this a solid investment that is likely to appreciate over time.

4. Community Living: Al Ghani Garden is designed with community in mind, offering parks, mosques, and commercial areas to meet the daily needs of residents.

Conclusion:

The payment plan for the 3 Marla residential plot in Awami Block, Al Ghani Garden, Lahore, is designed to cater to a wide range of buyers. Whether you’re looking for a place to call home or a long-term investment, this affordable and flexible plan makes it easier to achieve your goals. With the combination of booking, balloting, and possession payments along with monthly installments, this opportunity is within reach for many aspiring homeowners in Lahore.