Things You Should Know Before Buying a Plot in Urban City Lahore
Urban City Lahore is a prestigious real estate project that offers a range of residential and commercial plots in a prime location. Before making a decision to invest in this project, there are a few important factors that you should consider. In this article, we will discuss five key points that you should know before buying a plot in Urban City Lahore.
1. Delivery Time and Feasibility
It is essential to understand that the project may take some time in delivery and may not be suitable for short-term investments. Real estate projects often encounter delays due to various factors such as regulatory approvals, construction challenges, and infrastructure development. Therefore, if you are looking for quick returns or immediate possession, Urban City Lahore may not be the right choice for you.
2. City Venture Block: Ideal for Investment
If you are considering buying a plot in Urban City Lahore for investment purposes, the City Venture Block is highly recommended. This block offers a prime location and a range of amenities that make it an attractive option for investors. The City Venture Block is strategically located, ensuring easy access to major commercial areas and transportation hubs. Investing in this block can potentially yield higher returns in the long run.
3. Possession Timeframe
It is important to note that possession in Urban City Lahore varies depending on the block you choose. In the City Oasis Block, possession will be given after one year. On the other hand, possession in the City Venture Block will be granted after three years. Consider your personal preferences and investment goals when deciding which block to choose.
4. Early Possession in City Oasis Block
If early possession is a priority for you, it is advisable to consider buying a plot in the City Oasis Block. As mentioned earlier, possession in this block will be given after one year, allowing you to start construction or initiate your plans sooner. However, it is important to evaluate other factors such as location, amenities, and potential returns before making a decision.
5. Refund Policy
Urban City Lahore offers a refund option to its investors. If, for any reason, you decide to cancel your booking, you can refund your money. However, please note that a deduction fee of 15% of the total list price of your plot will be applicable. It is crucial to thoroughly understand the refund policy and its terms and conditions before making any investment decisions.
In conclusion, Urban City Lahore is an esteemed real estate project that offers a range of investment opportunities. However, it is important to consider factors such as delivery time, feasibility, possession timeframe, and refund policy before making a decision. Evaluate your investment goals and preferences, and conduct thorough research to make an informed choice. By doing so, you can ensure that your investment in Urban City Lahore aligns with your expectations and objectives.
