As Lahore’s real estate market continues to thrive, Etihad Town Phase 2 emerges as a beacon of modern living and smart investment. This expansive residential project, an extension of the successful Etihad Town, offers a unique blend of comfort, luxury, and affordability. In this comprehensive guide, we’ll explore the Etihad Town Phase 2 payment plan, its features, and why it’s becoming a hotspot for property investors in Lahore.
Introduction to Etihad Town Phase 2
Etihad Town Phase 2 is an ambitious extension of the original Etihad Town project, designed to meet the growing demand for high-quality residential spaces in Lahore. Developed by a reputable real estate company in Lahore, this project aims to provide a modern living experience while offering attractive investment opportunities.
Location and Accessibility
One of the key factors contributing to the success of Etihad Town Phase 2 is its strategic location. Situated in a rapidly developing area of Lahore, the project offers:
- Proximity to major highways
- Easy access to the city center
- Connection to key commercial areas
- Nearby educational institutions and healthcare facilities
This prime location ensures that residents enjoy the tranquility of suburban living without compromising on urban conveniences.
Etihad Town Phase 2 Payment Plan: An Overview
The Etihad Town payment plan for Phase 2 is designed to be flexible and accommodating, catering to a wide range of investors and homebuyers. Here’s a breakdown of the payment structure:
Down Payment
- 10% of the total plot price
Booking Fee
- 5% of the total plot price
Confirmation Fee
- 10% of the total plot price (due within 30 days of booking)
Installment Plan
- 36 monthly installments
- 6 half-yearly installments
Possession Fee
- 10% of the total plot price (due at the time of possession)
This Etihad Town Phase 2 payment plan allows investors to spread their investment over a comfortable period, making it an attractive option for many buyers.
Plot Sizes and Categories
Etihad Town Phase 2 offers a variety of plot sizes to cater to different needs and budgets:
| Plot Size | Category | Price Range (PKR) |
|---|---|---|
| 3 Marla | Residential | 2,500,000 – 3,000,000 |
| 5 Marla | Residential | 4,000,000 – 4,500,000 |
| 10 Marla | Residential | 7,500,000 – 8,500,000 |
| 1 Kanal | Residential | 12,000,000 – 14,000,000 |
| 4 Marla | Commercial | 6,000,000 – 7,000,000 |
| 8 Marla | Commercial | 11,000,000 – 13,000,000 |
Note: Prices are approximate and subject to change based on location and market conditions.
Amenities and Features
Etihad Town Phase 2 is designed to provide a comprehensive living experience. Some of the key amenities and features include:
- Gated community with 24/7 security
- Wide, well-planned roads
- Underground electrification
- Modern sewerage system
- Parks and green spaces
- Mosques
- Educational institutions
- Commercial areas
- Healthcare facilities
- Sports complex
- Community center
These amenities ensure that residents have access to all essential services within the community, enhancing the overall quality of life.
Investment Potential
Investing in Etihad Town Phase 2 presents a lucrative opportunity for several reasons:
- Rapid Development: The area surrounding Etihad Town is experiencing rapid development, which is likely to drive property values up in the coming years.
- Affordable Entry Point: Compared to other similar projects in Lahore, Etihad Town Phase 2 offers a more affordable entry point for investors.
- Flexible Payment Plan: The Etihad Town payment plan for Phase 2 allows investors to manage their cash flow effectively.
- Strong Rental Yield Potential: As the community develops, there’s potential for strong rental yields for those looking to invest in rental properties.
- Appreciation Prospects: Given the project’s location and amenities, there’s significant potential for property appreciation over time.
Comparison with Other Housing Schemes
To put Etihad Town Phase 2 in perspective, let’s compare it with other popular housing schemes in Lahore:
- DHA Lahore: While DHA offers a prestigious address, Etihad Town Phase 2 provides similar amenities at a more affordable price point.
- Bahria Town: Etihad Town Phase 2 matches Bahria Town in terms of community features but often with a more attractive payment plan.
- LDA City: Compared to LDA City, Etihad Town Phase 2 is at a more advanced stage of development, reducing waiting times for investors.
- Park View City: Etihad Town Phase 2 offers comparable luxury living but often at more competitive prices.
This comparison highlights Etihad Town Phase 2’s position as a balanced option, offering quality living at competitive rates.
How to Apply for Etihad Town Phase 2
Applying for a plot in Etihad Town Phase 2 is a straightforward process:
- Visit the Sales Office: Head to the official Etihad Town sales office or a registered dealer.
- Choose Your Plot: Select the plot size and location that best suits your needs and budget.
- Submit Documents: Provide necessary documents, including:
- Copy of CNIC
- Passport-sized photographs
- Proof of address
- Make the Down Payment: Pay the initial down payment to secure your booking.
- Receive Allotment Letter: After processing, you’ll receive an allotment letter confirming your plot.
- Begin Installments: Start paying your monthly or bi-annual installments as per the Etihad Town Phase 2 payment plan.
FAQs about Etihad Town Phase 2
Here are some frequently asked questions about Etihad Town Phase 2:
- Q: Is Etihad Town Phase 2 approved by LDA? A: Yes, Etihad Town Phase 2 has obtained all necessary approvals from the Lahore Development Authority (LDA).
- Q: Can overseas Pakistanis invest in Etihad Town Phase 2? A: Absolutely. The project welcomes investment from overseas Pakistanis and offers assistance with the process.
- Q: Is there a discount for full payment upfront? A: Yes, investors who opt for full payment can often avail of a discount. Contact the sales office for current offers.
- Q: What is the expected completion time for Etihad Town Phase 2? A: The project is expected to be completed within 3-4 years, with some sectors being developed and handed over earlier.
- Q: Are there any hidden charges in the Etihad Town Phase 2 payment plan? A: No, all charges are clearly outlined in the payment plan. However, it’s always advisable to discuss all potential costs with the sales team.
Conclusion
Etihad Town Phase 2 represents a significant opportunity for both homebuyers and investors in Lahore’s real estate market. With its strategic location, comprehensive amenities, and flexible Etihad Town payment plan, it stands out as a promising option in the city’s competitive property landscape.
The project’s blend of affordability and quality makes it an attractive choice for those looking to invest in Lahore’s burgeoning real estate sector. Whether you’re seeking a family home or a smart investment, Etihad Town Phase 2 offers a compelling proposition.
As with any significant investment, it’s crucial to conduct thorough research and due diligence. Consider visiting the project site, speaking with current Etihad Town residents, and consulting with real estate experts to make an informed decision.
For the latest updates on the Etihad Town Phase 2 payment plan, plot availability, and ongoing developments, visit itehad.pk or contact our team of real estate experts. We’re here to guide you through every step of your investment journey in Lahore’s exciting property market.
