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Downtown Mall and Residencies

June 22, 2019

Downtown Mall and Residencies – A Project In Line With Lahore’s Vertical Construction Approach

Lahore is now almost out of land to see further horizontal expansion. The expansion approach seen during the last two decades had its toll on the agricultural resources where hundreds of acres of fertile land now produces housing schemes that lie too far off the city centre to be anyone’s dream living place.

Fortunately, Prime Minister Imran Khan took notice of it. He advocates for vertical expansion in all major metropolises and stresses that the shift in construction trends should start on an immediate basis. Naturally, the call for vertical construction has increased the demand for apartments for sale in Lahore.

The Neighborhood Fit for Vertical Transition

Gulberg, being the central and most commercially advanced area in the city, seems just fit to see urban regeneration. In this regard, the Lahore Development Authority (LDA) already has a plan in place. The development authority is working to convert Gulberg into a central business district. For this purpose, a team of experts has started a survey to find out how Liberty Market, MM Alam Road, Ghalib Market and Main Market can be transformed to deliver the desired results.

Furthermore, the builders and traders interested in helping Lahore rub shoulders with renowned international metropolises are also on board with the LDA’s expert team to speed up the process. In other words, the demand for apartments for sale in Gulberg is to inch up further in the years to come.

A select few builders, who, based on their experience, could tell that the shift in construction approach was inevitable, have some irresistible projects already in the development stages. Saiban Associates, the oldest realtors in town, is among them. Their project, Downtown Mall and Residencies, is located on Liberty Roundabout – the heart of Gulberg Lahore.

The Best Address in Town – The Downtown

The mixed-use, high-rise development occupies the best location suitable for a project of such large scale. It occupies one of the three corner plots on Liberty Roundabout. The apartment units here are planned in such a way that they offer panoramic views of the splendid Gulberg Main Boulevard and Qaddafi Stadium. Downtown Mall and Residencies spans over 3-kanals of land and it will reach 22 storeys. It will also have Lahore’s tallest rooftop restaurant. Unlike many mixed-use projects, Downtown Mall and Residencies features serviced apartments, a shopping mall and dedicate retail spaces for restaurants and nothing else!

Approval status

Before starting construction work at the site, Saiban Associates sought approvals from all concerned governing agencies in Lahore. Downtown Mall and Residencies has received NOCs from LDA, Water and Sanitation Authority (WASA), Lahore Electric Supply Company (LESCO), Traffic Engineering & Planning Agency (TEPA), Environment Protection Agency (EPA) and Parks & Horticulture Authority (PHA).

Construction status

As of the time of writing this piece, structure work at Downtown Mall and Residencies is complete by over 40%. The pace of on-going development work is also impressive and it appears that the developer will be able to complete the project well before the committed deadline. According to the delivery timeframe shared by Saiban Associates, project will be ready for possession handover in December 2021.

Project details

Conceived just in time to help Lahore embrace international construction standards for high-rise buildings and apartments, Downtown Mall and Residencies is a perfect mix of modern and fully functional living space. Out of its 22 floors, four are reserved for car parking, five for top names from the restaurant industry and the remaining floors for fully furnished service apartments. The famous furniture brand Wing Chair Luxury Group has taken the task to furnish each of these apartments with love and complete attention.

Those looking to buy new apartments in Lahore on installments must consider Downtown Mall and Residencies on its own unique merits. Here, you will find many options in terms of size and number of bedrooms. Furthermore, Downtown Mall and Residencies has something exclusive for the select few buyers looking for some extra classiness– the highest apartments in Lahore at 210 feet on the 22nd floor of Downtown Mall and Residencies.

The key steps taken by the developer to ensure security and privacy in each residential units makes this project the top choice among people looking at the family flats for sale in Lahore.

The payment plan

To make the deal simple for buyers’ interested in an apartment for sale in Lahore, the developer has set the price quite reasonably at PKR 25,000 per square feet. You can book your apartment today at 5% of the total price. Saiban Associates makes the deal even fair by allowing you to clear 25% of the total price at the time of possession. Even exciting is the fact that monthly instalments stand at a mere 2%.

If you wish to look at the complete payment plan and details on the units still available, you can give me, Hassan Farooq, a call at +92-321-1000-100. I am available to answer all your queries and arrange for a site trip. Talk to you soon.

 

Author

saibanlahore.

info@saibanproperties.com

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