Thursday, October 28, 2010

Lake City Lahore - Luxurious Residential Project

13 km from Lahore at Raiwind road, construction work is in progress, the project is Lahore Lake City and it promises to provide some real luxurious residential and commercial facilities. When completed, it will accommodate an estimated 1.5 million people. Comprising of Bella Vista and Bella Verde, it offers 1 Kanal and 2 Kanal plots, largest Golf resort in Pakistan, shopping malls, business centers, artificial lakes (the project is actually named after these lakes) and much more. Let's look into some highlights of this dream project.
The names behind the project:
A project as big and as classy as Lahore Lake City requires some big names to make it happen. The names behind Lahore Lake City include Lake City Holdings, the Meinhardt Group (Strategic Partners in Site planning), Eden Builders (will be focusing on Eden thematic villas), Habib Rafiq Limited (Developers behind Phase I of Bella Vista), Zaamin developers & Ashai design corporation (architectural and construction work on villas). The residential villas are designed by Zaamin, Meinhardt, Nayyar Ali Dada (the famous architect who designed Al-Hamra art complex and later Al-Hamra open air theatre), Wasif Ali and Isbah Hassan.
Amenities & Features:
The plan of Lake City Lahore includes almost all the facilities and amenities needed to live a modern yet healthy lifestyle. The city will be having its own grid station, telephone exchange, post office, hospital, medical complex and fire station. An 18 holes golf course which will spread on 214 acres, concert hall, cineplex, tennis courts, basketball courts, country club and many other facilities will cater to its resident's sports and recreational needs. Medical complex, health clubs, therapy clinics and martial art centre will be there to assist the people of every age in living a healthy life. Shopping malls, offices, business centre, auditorium, and executive offices are under construction to facilitate the businesses.
Lahore Lake City was launched in 2005 and the initial news and advertisements got the attention of many. Since then the project lacks a bit in publicity department, which has added to the investor's confusion on its present status and progress. Investors are also concerned about its prices, which they claim are on a higher side, especially when weighed against the present condition of Pakistan's economy, which is going through a recession now days. However, Lake City Lahore still remains a very good option for long term investing and overseas Pakistanis, who are looking to come back and settle down in Pakistan.

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