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As we have much heard about Lahore Entertainment City (LEC) that promises a unique blend of luxurious living and world-class entertainment. Most of us already know that , This mega-project by Al Jalil Developers has captured the imagination of potential investors and residents alike. However like me, everyone else have, one of the most crucial aspects for anyone considering LEC is understanding the intricacies of its payment plans. Here i am trying to give you this comprehensive guide delves deep into the various payment options available for residential plots, empowering you to make informed decisions about your investment journey.

Lahore Entertainment City Payment Plan Sizes

Lahore Entertainment City Payment Plan offers a variety of residential plot sizes to suit different needs and budgets. Here’s a breakdown of the payment plans for each plot size:

3 Marla Payment Plan

  • Total Cost: PKR 1,650,000
  • Payment Plan:
    • Booking: PKR 200,000
    • Confirmation: PKR 200,000
    • Balloting: PKR 400,000
    • 8 Half-Yearly Installments: PKR 37,500 each (total PKR 300,000)
    • OR 50 Monthly Installments: PKR 11,000 each (total PKR 550,000)
  • 5 Marla:
    • Total Cost: PKR 2,350,000
    • Payment Plan:
      • Booking: PKR 300,000
      • Confirmation: PKR 300,000
      • Balloting: PKR 600,000
      • 8 Half-Yearly Installments: PKR 56,250 each (total PKR 450,000)
      • OR 50 Monthly Installments: PKR 14,000 each (total PKR 700,000)
  • 10 Marla:
    • Total Cost: PKR 4,250,000
    • Payment plan:
      • Booking: PKR 500,000
      • Confirmation: PKR 500,000
      • Balloting: PKR 1,000,000
      • 8 Half-Yearly Installments: PKR 125,000 each (total PKR 1,000,000)
      • OR 50 Monthly Installments: PKR 25,000 each (total PKR 1,250,000)
  • 1 Kanal:
    • Total Cost: PKR 7,500,000
    • Payment plan:
      • Booking: PKR 800,000
      • Confirmation: PKR 800,000
      • Balloting: PKR 1,600,000
      • 8 Half-Yearly Installments: PKR 250,000 each (total PKR 2,000,000)
      • OR 50 Monthly Installments: PKR 46,000 each (total PKR 2,300,000)

Key Points: Lahore Entertainment City Payment Plan

  • The booking and confirmation fees are payable upfront.
  • The balloting payment is due after a specific period, as mentioned in the plan.
  • The remaining amount can be paid in installments.
  • It’s important to review the complete terms and conditions of the payment plan before making any commitments.
  • The above plans represent the base structure; additional charges or fees might apply.
  • Both half-yearly and monthly installment options offer flexibility.
  • Early confirmation attracts a 10% discount on the total plot cost.
  • Balloting determines the plot number, and possession is granted post-development completion.

Additional Information:

  • You can find more details about the payment plans and other aspects of Lahore Entertainment Payment Plan on the official website or by contacting the developer’s representatives.
  • Keep in mind that these are just the base payment plans, and there may be additional charges or fees associated with purchasing a plot.
  • It’s always advisable to consult with a financial advisor or legal professional before making any significant investment decisions.

3 Marla Plot Payment Plan

The 3 Marla plot in Lahore Entertainment City comes with a total cost of PKR 1,650,000 and offers two flexible payment options:

Option 1: Lump Sum Payment

  • You can pay the entire amount upfront, eliminating any further installments.
  • This option might not be feasible for everyone, but it could potentially secure better deals or discounts from the developer.

Option 2: Installment Payment

  • This option requires a lower initial investment and spreads the cost over time.
  • Here’s the breakdown:
    • Booking: PKR 200,000 (secures your plot reservation)
    • Confirmation: PKR 200,000 (confirms your booking after 1.5 years)
    • Balloting: PKR 400,000 (payable after 1.5 years, determines your plot number)
    • Remaining Amount: Choose between two options:
      • 8 Half-Yearly Installments: PKR 37,500 each (total PKR 300,000) – spread the payment over 4 years.
      • 50 Monthly Installments: PKR 11,000 each (total PKR 550,000) – higher monthly burden but shorter payment duration (4 years and 2 months).

Key takeaways:

  • The 3 Marla plot is the smallest offered at LEC, ideal for those seeking smaller investment options.
  • The installment plan allows for manageable payments, but choose wisely between bi-annual and monthly options based on your budget and payment preferences.
  • Remember, booking and confirmation fees are non-refundable.
  • Consider seeking professional advice before making any financial commitments.

Additional Points:

  • Early confirmation might lead to a 10% discount on the total plot cost.
  • Possession of the plot is granted only after the development is completed in the specific category.

5 Marla Plot Payment Plan

The payment plan you described for a 5 Marla plot at Lahore Entertainment City (LEC) offers two options:

Option 1: 8 Half-Yearly Installments (450,000 PKR total)

  • Down Payment: 300,000 PKR (booking) + 300,000 PKR (confirmation) = 600,000 PKR
  • Balloting Payment: 600,000 PKR after securing the plot through balloting.
  • Installments: 8 half-yearly installments of 56,250 PKR each, totaling 450,000 PKR (spread over 4 years).

Option 2: 50 Monthly Installments (700,000 PKR total)

  • Down Payment: Same as Option 1 (600,000 PKR).
  • Installments: 50 monthly installments of 14,000 PKR each, totaling 700,000 PKR (spread over 4 years and 2 months).

Key Points:

  • Total Cost: Regardless of the payment option you choose, the final cost of the 5 Marla plot remains 2,350,000 PKR.
  • Down Payment: You need to pay 600,000 PKR upfront (booking + confirmation) to secure your plot.
  • Balloting Payment: This applies only if your plot is allocated through balloting (a random selection process). You need to pay 600,000 PKR after your plot is confirmed.
  • Installment Options: Choose either 8 half-yearly installments (larger amount, shorter duration) or 50 monthly installments (smaller amount, longer duration).
  • Interest: It’s not explicitly mentioned in the plan, but it’s crucial to clarify if any interest applies to the installments.
  • Other Charges: There might be additional development charges, transfer fees, or taxes not included in this plan. Confirm their existence and amount with LEC or authorized representatives.

This payment plan for a 10-Marla plot in Lahore Entertainment City (LEC) outlines the different stages and amounts you’ll need to pay. Let’s break it down:

10 Marla Plot Payment Plan

Total Cost: PKR 4,250,000

Payments:

  1. Booking: PKR 500,000 – This is the initial payment to reserve your chosen 10 Marla plot.
  2. Confirmation: PKR 500,000 – This payment confirms your booking within 60 days of the initial reservation.
  3. Balloting: PKR 1,000,000 – This payment is due after successful balloting for your specific plot allocation.

Installment Options:

You have the following options to pay the remaining amount:

A. 8 Half-Yearly Installments: PKR 125,000 each (total PKR 1,000,000)

  • This translates to eight installments payable every six months.
  • Each installment would be PKR 125,000, totaling PKR 1,000,000 by the end.

B. 50 Monthly Installments: PKR 25,000 each (total PKR 1,250,000)

  • This option involves smaller monthly payments spread across 50 months.
  • Each installment would be PKR 25,000, totaling PKR 1,250,000 over the duration.

Important points to remember:

  • This is a simplified explanation, and it’s crucial to check the official LEC website or authorized representatives for the latest, most accurate payment plan details.
  • Additional fees like development charges and transfer fees might apply on top of the mentioned amounts.
  • Carefully review the legal documents and understand the terms and conditions before making any financial commitments.
  • Consider your financial situation and choose the installment option that best suits your budget and payment preferences.

1 Kanal Plot Payment Plan

This breakdown clarifies the payment plan for a 1 Kanal plot at Lahore Entertainment City (LEC) Payment Plan:

Total Cost: PKR 7,500,000

Payments:

  1. Booking: PKR 800,000 – This initial payment reserves your desired 1 Kanal plot.
  2. Confirmation: PKR 800,000 – This payment confirms your booking within 60 days of reservation.
  3. Balloting: PKR 1,600,000 – This payment is due after successful balloting for your specific plot allocation.

Installment Options:

You have two choices to pay the remaining amount:

A. 8 Half-Yearly Installments: PKR 250,000 each (total PKR 2,000,000)

  • This translates to eight installments payable every six months.
  • Each installment would be PKR 250,000, totaling PKR 2,000,000 by the end.

B. 50 Monthly Installments: PKR 46,000 each (total PKR 2,300,000)

  • This option spreads the payments over 50 months in smaller installments.
  • Each installment would be PKR 46,000, totaling PKR 2,300,000 over the duration.

Important Points:

  • This is a simplified explanation, and it’s crucial to verify the latest, most accurate payment plan details directly from LEC or their authorized representatives.
  • Additional fees like development charges and transfer fees might apply on top of the mentioned amounts.
  • Carefully review the legal documents and understand the terms and conditions before making any financial commitments.
  • Consider your financial situation and choose the installment option that best suits your budget and payment preferences.

Additional Notes:

  • Compared to residential plot sizes, commercial plots might have different payment plans. Always confirm the specific plan for your chosen category.
  • Remember, LEC is still under development. While early investment offers potential benefits, it also carries inherent risks. Conduct thorough research, understand the project’s timeline, and weigh the risks and rewards before making a decision.

Things to Consider: In the Payment Plan

  • Financial Comfort: Choose the option that aligns with your budget and monthly payment capacity.
  • Early Possession: If you opt for the 8 half-yearly installments, you might receive plot possession earlier than with the monthly option.
  • Interest Clarity: Ensure you understand any possible interest charges associated with the installments.
  • Development Charges: Confirm the total cost you’ll incur, including any additional fees or charges.

Comparison between Lahore Entertainment City Vs Urban City payment plan 

Key Differences:

  • Payment Duration: LEC offers a longer installment period (5 years) compared to Urban City (3.5 years).
  • Monthly Installments: LEC’s monthly installments for similar plot sizes can be lower than Urban City’s.
  • Down Payment: Both projects require similar initial down payments (booking + confirmation fee).
  • Balloting: Both projects have balloting, but the details might differ.

Additional Considerations:

  • Project Stage: LEC is pre-launch, while Urban City is under development. Early investment in LEC might offer potential long-term benefits but carries inherent risks.
  • Amenities & Features: Compare the specific amenities and features offered by each project to see which aligns better with your needs.
  • Location: Consider the accessibility and future potential of each project’s location.
  • Developer Reputation: Research the track record and reputation of each developer for informed decision-making.

Remember:

  • Consult with financial advisors to understand the implications of each payment plan.
  • Don’t rush into any decisions; carefully evaluate your priorities and budget before committing.

Ultimately, the choice between LEC and Urban City depends on your circumstances and priorities. Weigh the pros and cons of each project, seek professional advice if needed, and make a decision that best suits your financial goals and investment preferences.

Summary
Lahore Entertainment City Payment Plan
Article Name
Lahore Entertainment City Payment Plan
Description
Lahore Entertainment City Payment Plan offers 5 years of Plan booking started from PKR 200,000. It is an easy payment plan with monthly installment of PKR 11000.
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Property Guide
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