OZ Developers have unveiled a groundbreaking project on Main Ferozepur Road, Lahore, setting a new standard for urban living with Pakistan's largest cantilever building.
This iconic development offers a variety of amenities and living options, catering to diverse needs and preferences.
Understanding the financial aspects is crucial for potential investors and residents, so here is a detailed look at the payment plan for this exceptional project.
Overview of the Project
Location: Main Ferozepur Road, Lahore
Key Features:
Biggest Cantilever Building: First of its kind in Pakistan.
Gated Community: Ensuring security and privacy.
Playground and Jogging Track: Promoting a healthy lifestyle.
Amenities: Including Direct Factory Outlet (DFO), IT Hub, swimming pool, mosque, school, gym, food court, restaurants, penthouses, and apartments with 1, 2, and 3 bedrooms.
Payment Plan Structure
The payment plan for this project is designed to be flexible and accommodating, ensuring that a wide range of investors and homebuyers can comfortably invest. The plan typically includes the following components:
Down Payment:
Initial Payment: Usually 10-20% of the total property price, payable upon booking.
Booking Confirmation: Receipt of the down payment confirms the booking and initiates the process.
Installment Plan:
Quarterly Installments: The remaining amount is divided into manageable quarterly installments.
Duration: The installment plan spans over 3-5 years, depending on the buyer’s preference and the type of property.
Interest-Free: Most installment plans are interest-free, ensuring the buyer pays only the agreed property price.
Possession:
Final Payment: A final lump sum payment is required upon possession.
Transfer Fees: Minimal transfer fees are applicable during the transfer of ownership.
Payment Plan for Different Property Types
1. 1-Bedroom Apartments:
Down Payment: 15% of the total price.
Installments: 20 quarterly installments over 5 years.
Final Payment: Remaining 5% upon possession.
2. 2-Bedroom Apartments:
Down Payment: 15% of the total price.
Installments: 20 quarterly installments over 5 years.
Final Payment: Remaining 5% upon possession.
3. 3-Bedroom Apartments:
Down Payment: 15% of the total price.
Installments: 20 quarterly installments over 5 years.
Final Payment: Remaining 5% upon possession.
4. Penthouses:
Down Payment: 20% of the total price.
Installments: 16 quarterly installments over 4 years.
Final Payment: Remaining 10% upon possession.
Additional Features and Benefits
Direct Factory Outlet (DFO):
Located on the ground floor, providing residents with easy access to a variety of products at factory prices
Rooftop Amenities:
Spanning 2 to 2.5 kanals, the rooftop area includes gardens, sitting areas, and recreational spaces.
Basements:
Three levels of basements dedicated to parking and storage, ensuring ample space for residents and visitors.
Food Court and Restaurants:
Offering a variety of dining options, including local and international cuisines, catering to diverse tastes
IT Hub:
A dedicated space for tech companies and startups, fostering innovation and providing employment opportunities
Swimming Pool:
A state-of-the-art swimming pool for residents, promoting a healthy and active lifestyle
Mosque:
A beautiful mosque within the community, providing a serene place for prayers and spiritual activities
School:
A top-tier school within the development, ensuring quality education for residents' children
Gym:
A fully equipped gym with modern facilities, encouraging fitness and well-being
Why Invest in OZ Developers' Project?
Prime Location:
Situated on Main Ferozepur Road, one of Lahore’s major arteries, providing easy access to key areas of the city
Innovative Design:
The largest cantilever building in Pakistan, offering a unique architectural marvel and a prestigious address.
Comprehensive Amenities:
A wide range of facilities and amenities, ensuring a comfortable and luxurious lifestyle for residents
Flexible Payment Plan:
A well-structured payment plan, making it accessible for a broad spectrum of investors and homebuyers
High ROI:
Given the prime location and comprehensive facilities, the project promises a high return on investment (ROI) for investors.
Conclusion
OZ Developers’ project on Main Ferozepur Road, Lahore, is more than just a residential development; it is a comprehensive lifestyle experience.
The flexible and accommodating payment plan, combined with the project's unique features and amenities, makes it an attractive investment opportunity for both local and overseas investors.
Whether you are looking for a modern home or a profitable investment, this project offers the perfect blend of luxury, convenience, and financial feasibility.
