Introduction
Located at Main Ferozepur Road, Lahore, the Luxury High-Rise Apartments by OZ Developers represent a landmark development in Pakistan.
With this project, OZ Developers have introduced Pakistan’s first and largest cantilever building, complete with a gated community, diverse residential units, extensive amenities, and recreational facilities.
The project offers everything from 1 to 3-bedroom apartments, penthouses, a Direct Factory Outlet (DFO), swimming pool, IT hub, jogging tracks, and much more.
But one of the most important aspects that make this project highly accessible to potential buyers is its flexible payment plan.
Why Choose Luxury High-Rise Apartments by OZ Developers?
The Luxury High-Rise Apartments stand out not just for their architectural innovation and strategic location but also for their investor-friendly payment plan.
Whether you are a first-time homebuyer or an experienced investor, this project caters to diverse financial needs, making it easier to own a property in one of Lahore’s prime developments.
Features and Amenities: Overview of the Project
Before diving into the payment plan, it’s worth highlighting some of the remarkable amenities offered by OZ Developers:
- Pakistan’s Largest Cantilever Building
- Gated Community with 24/7 Security
- Direct Factory Outlet (DFO) on the Ground Floor
- Playgrounds and Jogging Track
- Rooftop Apartments Ranging from 2 to 2.5 Kanals
- 3 Basement Parking Levels
- Food Court and Restaurants
- Swimming Pool, Gym, IT Hub, Mosque, and School
Now, let’s explore how the payment plan is designed to ensure financial convenience and flexibility for potential buyers.
Flexible Payment Plan: Making Homeownership Easier
One of the most attractive aspects of the Luxury High-Rise Apartments project is its flexible and structured payment plan.
OZ Developers have crafted a plan that caters to different financial capacities, ensuring that owning an apartment here is not just a dream but an achievable reality.
Breakdown of the Payment Plan
Initial Down Payment (20%)
To secure a booking, a down payment of 20% of the total unit cost is required.
This initial payment is crucial as it ensures that your unit is reserved, locking in the price and securing your position in the project.
Monthly Installments (40%)
After the down payment, 40% of the unit price is divided into monthly installments, spread over 2 to 3 years, depending on the type of unit purchased.
This phase is designed to be manageable, with equal monthly payments that can be adjusted based on the buyer’s financial capacity.
The flexible installment structure ensures that you don’t feel the financial burden all at once.
Quarterly or Semi-Annual Balloon Payments (10%)
OZ Developers also include quarterly or semi-annual balloon payments, amounting to 10% of the unit price.
These payments are strategically timed to align with construction milestones, ensuring buyers’ financial contributions are in sync with project progress.
Balloon payments provide financial ease by distributing large payments over longer intervals.
Possession Payment (30%)
The remaining 30% of the unit cost is paid at the time of possession.
This structure allows buyers to align their payments with the completion of the unit, making it a more practical approach to finalizing the purchase.
Special Payment Plans for Different Unit Types
Payment Plan for 1-Bedroom Apartments
Total Unit Price:
Relatively lower, making it the most accessible option
Down Payment: 20%
Monthly Installments: Spread over 2 years
Balloon Payments: Quarterly payments, equal to 10%
Possession Payment: 30% at the time of handover
1-bedroom apartments are ideal for singles, young professionals, or couples looking to invest in a compact yet luxurious living space.
- Payment Plan for 2-Bedroom Apartments
Total Unit Price: Mid-range cost, offering more space for families.
Down Payment: 20%
Monthly Installments: Spread over 2 to 3 years
Balloon Payments: Semi-annual payments, equal to 10%
Possession Payment: 30% upon possession
2-bedroom units cater to small families, offering a balanced living space while maintaining financial flexibility.
Payment Plan for 3-Bedroom Apartments and Penthouses
Total Unit Price: Higher, reflecting the additional space and premium features.
Down Payment: 20%
Monthly Installments: Spread over 3 years
Balloon Payments: Semi-annual payments, amounting to 10%
Possession Payment: 30% at the time of handover
These larger units, including penthouses, offer expansive living areas suitable for bigger families or those seeking a more luxurious lifestyle.
Rooftop Apartments: Premium Payment Plan
Total Unit Price: Highest, given the size (2 to 2.5 Kanals) and exclusive amenities.
Down Payment: 20%
Monthly Installments: Customized plan spread over 3 to 4 years
Balloon Payments: Tailored to align with construction progress
Possession Payment: 30%, ensuring smooth transition at handover
Rooftop apartments offer the most luxurious living experience with spacious layouts and panoramic city views, making them a prime investment.
Additional Incentives for Early Investors
OZ Developers have introduced some additional incentives for early investors, which further enhance the appeal of the payment plan:
Early Bird Discount:
A percentage off the total unit price for buyers who book within the initial launch phase
No Interest on Installments:
Monthly installments are interest-free, ensuring affordability over the payment period.
Custom Installment Plans:
Based on individual needs, OZ Developers offer customized payment plans, making it easier for buyers with different financial backgrounds to own a unit.
Price Lock Guarantee:
The price of the unit is locked at the time of booking, protecting buyers from future price hikes.
Investment Benefits of the Payment Plan
Easy Access to Real Estate Ownership
The structured payment plan makes it easy for potential buyers to enter the real estate market, reducing the barrier to homeownership.
High ROI Potential
With the strategic location on Main Ferozepur Road and world-class amenities, the property is poised for significant value appreciation, ensuring a high return on investment (ROI).
Rental Income Opportunity
For investors looking for rental income, the flexible payment plan makes it easier to acquire a unit and subsequently rent it out.
Given the location and features, rental demand is expected to be high.
Secure Investment with Trusted Developers
OZ Developers have a strong track record of delivering quality projects on time, ensuring that your investment is in safe hands.
Conclusion
The Luxury High-Rise Apartments by OZ Developers not only represent a groundbreaking architectural achievement but also offer a highly investor-friendly payment plan.
The structured, flexible plan is tailored to make homeownership achievable for a wide range of buyers.
With Pakistan’s largest cantilever building, a prime location on Main Ferozepur Road, and extensive amenities, this project is not just a residence but a lifestyle.
Whether you’re a first-time buyer or a seasoned investor, this payment plan makes it possible to own a piece of Lahore’s iconic real estate.
FAQs
- What is the down payment for Luxury High-Rise Apartments?
The down payment is 20% of the total unit cost.
- How are the monthly installments structured?
Monthly installments account for 40% of the total unit price and are spread over 2 to 3 years.
- Are there interest charges on the payment plan?
No, the installments are interest-free, making the payment plan affordable.
- Is the payment plan applicable to all unit types?
Yes, the payment plan is flexible and applicable to 1, 2, and 3-bedroom apartments, penthouses, and rooftop apartments.
- Are there any special discounts for early investors?
Yes, early investors can benefit from early bird discounts and price lock guarantees.
