The real estate sector in Pakistan is witnessing a major transformation with high-end developments cropping up across key urban locations.
One such landmark project is being developed by OZ Developers, located on Main Ferozepur Road, Lahore.
This project is a ground-breaking endeavor, especially with the construction of Pakistan’s biggest cantilever building for the first time in the country’s history.
The project offers a host of luxurious amenities including a gated community, playground, jogging track, and more, making it one of the most anticipated real estate offerings in Lahore.
Apartment prices in Lahore, particularly in prime locations like Ferozepur Road, have been on the rise due to increasing demand for urban housing and luxury living.
OZ Developers have strategically positioned their project to appeal to both local buyers and international investors, with a range of unit sizes and types.
The project offers 1, 2, and 3-bedroom apartments, penthouses, and unique rooftop spaces, all of which combine to provide an unparalleled living experience.
This article will delve into the key aspects of the project, the factors affecting apartment prices, and the value proposition for potential buyers.
The Appeal of Main Ferozepur Road, Lahore
Main Ferozepur Road is one of the most prominent and strategically important thoroughfares in Lahore. It connects various parts of the city, making it a prime location for real estate developments.
The road’s accessibility to educational institutions, commercial hubs, healthcare facilities, and entertainment centers makes it a highly desirable area for residential developments.
Furthermore, the presence of metro stations and other public transportation options adds to the convenience of living in this area.
Due to these factors, real estate prices in and around Main Ferozepur Road have consistently appreciated over the years.
OZ Developers’ project leverages this prime location by offering apartments that combine luxury, convenience, and modern amenities, making them an attractive option for those looking for premium urban living.
Luxury Amenities Offered by OZ Developers
OZ Developers have integrated a wide range of top-tier amenities into their project to provide residents with a holistic living experience. Here’s a closer look at the features that set this project apart:
Pakistan’s Biggest Cantilever Building
The project’s claim to fame is the construction of Pakistan’s biggest cantilever building, a first in the country’s history.
Cantilever buildings are known for their architectural brilliance and structural ingenuity, and OZ Developers have pushed the envelope with this feature.
The cantilever design not only adds to the aesthetics of the development but also offers functional benefits by maximizing space usage.
Gated Community and Security
One of the key features of the project is the gated community.
Living in a gated community provides a sense of security and exclusivity.
The development will feature state-of-the-art security systems, including CCTV surveillance, gated entry points, and 24/7 security personnel.
This ensures that residents can enjoy peace of mind and live in a safe, controlled environment.
Playgrounds and Jogging Tracks
The project places a strong emphasis on health and wellness. To encourage an active lifestyle, OZ Developers have incorporated dedicated playgrounds for children and jogging tracks for residents.
These spaces are designed to foster physical activity and community interaction, allowing residents to enjoy outdoor activities in a safe and secure environment.
Direct Factory Outlet (DFO) on the Ground Floor
In a unique offering, the project features a Direct Factory Outlet (DFO) on the ground floor.
This provides residents with convenient access to branded products at factory prices, adding to the overall appeal of the development.
The DFO will house a variety of well-known brands, making it a retail destination for both residents and visitors.
Rooftop Spaces and Terraces
One of the standout features of this development is the rooftop spaces, which range from 2 to 2.5 kanals in size.
These rooftop areas are designed for both social gatherings and personal relaxation, offering residents stunning views of the city and surrounding areas.
The rooftops will be beautifully landscaped and equipped with seating areas, providing a perfect spot for residents to unwind and enjoy Lahore’s skyline.
Three Basements for Parking and Other Services
Parking is often a concern in urban developments, but OZ Developers have addressed this issue by providing three basements dedicated to parking and storage.
This ample parking space ensures that residents and visitors have easy access to their vehicles without having to worry about space constraints.
The basements also house other essential services and utilities, ensuring that the development remains clutter-free and well-organized.
Food Court and Restaurants
To cater to the culinary needs of residents, the project includes a food court and several high-end restaurants.
Whether you’re in the mood for a quick bite or a fine dining experience, the food court will offer a variety of options.
The presence of quality dining establishments within the development ensures that residents don’t have to venture far to enjoy a good meal.
Penthouses for Ultra-Luxurious Living
For those seeking an elevated living experience, the development offers luxurious penthouses.
These exclusive units come with spacious layouts, modern interiors, and private terraces, providing residents with the ultimate in luxury living.
The penthouses offer panoramic views and are designed to cater to the needs of those who value privacy and opulence.
1, 2, and 3-Bedroom Apartments
The project offers a wide range of apartment sizes, from 1-bedroom units to 3-bedroom apartments, catering to different family sizes and preferences.
Each apartment is designed with attention to detail, offering modern interiors, spacious layouts, and high-quality finishes.
Whether you’re a young professional looking for a compact living space or a family in need of more room, there’s an option for everyone.
IT Hub for the Digital Age
Recognizing the growing importance of technology, the development includes an IT Hub designed to cater to the needs of entrepreneurs, freelancers, and tech enthusiasts.
This space will provide high-speed internet, co-working spaces, and meeting rooms, making it a hub for innovation and collaboration.
Swimming Pool and Fitness Facilities
The development features a swimming pool, offering residents a place to relax and stay fit.
The pool area is designed to be a serene retreat, surrounded by greenery and sun loungers.
In addition to the pool, the project will include a fully equipped gym, ensuring that residents have access to fitness facilities within the development.
Mosque, School, and Other Essential Amenities
OZ Developers have ensured that the development caters to all aspects of community living.
The project includes a mosque, allowing residents to conveniently practice their faith without having to leave the community.
Additionally, the development will house a school and other essential services, making it a self-sustained community.
Factors Influencing Apartment Prices
When it comes to apartment prices, several factors come into play. These include:
Location:
The prime location of Main Ferozepur Road significantly impacts property prices.
Being a well-connected and developed area, the prices of apartments in this project are expected to be higher compared to other locations in Lahore.
Amenities:
The extensive range of amenities, including the rooftop spaces, infinity pool, food court, and IT Hub, adds to the value of the apartments.
The more luxurious and comprehensive the amenities, the higher the prices.
Apartment Size and Layout:
The size of the apartment is a key determinant of price. Larger units like 3-bedroom apartments and penthouses will naturally be priced higher than 1-bedroom units due to the extra space and additional features.
Architectural Design:
The unique cantilever building design is a major selling point for the project. Such architectural innovations often come at a premium, which will likely be reflected in the apartment prices.
Developer Reputation:
OZ Developers have built a strong reputation for delivering quality projects.
Their commitment to excellence and timely delivery also contributes to the pricing of the apartments.
Investment Potential and Future Prospects
Investing in an apartment in this development offers substantial potential for capital appreciation.
The demand for high-end residential units in Lahore is on the rise, driven by both local and overseas Pakistanis looking to invest in secure and luxurious properties.
Given its prime location, innovative design, and extensive amenities, this project by OZ Developers is poised to attract significant attention from investors.
As the project nears completion, apartment prices are expected to appreciate, making it an excellent investment for those looking to gain long-term returns.
Additionally, the rental market in Lahore is thriving, and apartments in this development will likely command premium rents due to the high demand for luxury housing.
Conclusion
The OZ Developers’ project on Main Ferozepur Road is set to become one of Lahore’s most prestigious residential developments.
With a host of amenities, modern architecture, and a prime location, this project offers a unique combination of luxury, convenience, and investment potential.
For anyone looking to purchase an apartment Prices in Lahore, this development represents an opportunity to invest in a property that promises both an exceptional lifestyle and strong financial returns.
Whether you’re a homeowner seeking luxury or an investor looking for profitable returns, this project offers the best of both worlds.