Lahore is now almost landlocked to see further horizontal expansion. The expansionist approach of the past two decades has eroded agricultural resources, with hundreds of acres of fertile land now spawning housing projects too far from the city center to be anyone’s dream residence and available Apartments for sale in Lahore Gulberg.
Central Hotel, downtown mall, hotel mall, central plaza mall
Fortunately, Prime Minister Imran Khan noticed this. It supports vertical expansion in all major metropolitan areas and emphasizes that changing building trends must begin immediately. Naturally, the demand for vertical construction has increased the demand for Apartments for sale in Lahore Gulberg..
Quarter
Gulberg, the central and most commercially developed part of the city, seems prone to urban renewal. The Lahore Development Authority (LDA) already has a plan for this.
The development authority is working to transform Gulberg into a central business district. To this end, a team of experts launched a study to find out how to transform Liberty Market, MM Alam Road, Ghalib Market and Main Market to achieve the desired results.
Additionally, builders and traders interested in helping Lahore connect to renowned international metropolises are also working with LDA’s expert team to expedite the process. In other words, the demand for apartments for sale in Gulberg will increase in the coming years.
Some select builders, who can tell from their experience that a change in construction approach is inevitable, already have exciting projects in development.
Among them is Saiban Associates, the oldest estate agents in the city. Their project Downtown Hotel and Residencies is located in Liberty Roundabout in the heart of Gulberg Lahore.
The best address in town
The mixed skyscraper complex is best placed for a project of this size. It occupies one of Liberty Circle’s three corner lots.
The apartments are designed to offer beautiful views of Gulberg’s main avenue and Gaddafi Stadium. The Downtown Hotel and Residences spans 3 canals and will rise to 22 floors. It will also have the highest rooftop restaurant in Lahore.
Unlike many mixed-use projects, Downtown Hotel and Residencies has serviced apartments, commercial space for a mall and restaurants, and nothing else.
Approved by LDA
Before commencing construction work at the site, Saiban Associates obtained approval from all relevant government agencies in Lahore. Downtown Hotel and Residences has received NOC from LDA, Water Supply and Sanitation Authority (WASA), Lahore Electric Supply Company (LESCO), Traffic Engineering & Planning Agency (TEPA), Environmental Protection Agency (EPA) and Parks & Horticulture Authority (PHA ).
Build update
- 80% Projects completed
- The gray structure is complete
- The block has been completed
- Electricity and complete sanitary installations
- HVAC installation completed
- Delivery to the hotel has started
- Ownership was confirmed on December 23rd
- 85% sold
Limited stock available
At the time of writing, construction of the Downtown Hotel and Residences is over 80% complete. The pace of ongoing development work is also impressive and it looks like the developer will be able to complete the project much sooner than expected. According to the delivery schedule shared by Saiban Associates, the project will be ready for delivery in December 2021.
Fully furnished Apartments for sale in Lahore Gulberg.
Downtown Hotel and Residences was created at the right time to help Lahore adopt international standards for skyscrapers and condominiums. It is the perfect blend of modern and fully functional living spaces.
Downtown hotel and residence decorated by WingChair
Those looking to buy new flats on credit in Lahore should consider Downtown Hotel and Residences for its unique merits.
In addition, Downtown Hotel and Residences has something exclusive for a select group of buyers looking for an extra touch of elegance; Lahore’s tallest 210 feet flats on the 22nd floor of Downtown Hotel and Residences.
The key steps taken by the developer to ensure security and privacy in every residential unit make this project the best choice for those looking for family apartments for sale in Lahore.
Payment plan
To simplify the transaction for buyers interested in a flat for sale in Lahore, the developer has set a fairly reasonable price of PKR 25,000 per square meter. You can reserve the apartment today for 5% of the total price.
Saiban Associates also makes the deal fair by allowing a refund of 25% of the total price at the time of ownership. Also interesting is that the monthly rates are only 2%.
If you still want to see the complete payment plan and unit details. I am ready to answer all your questions and organize a trip on the spot. We will talk soon.
What is Downtown Hotel and Residences?
The Downtown Hotel and Residences is a project of Saiban Properties, it is a 21-story building with shopping malls, residential apartments, services, a gym, parking, and a 24/7/365 backup solution for downtown residents.