About Summit Heights
Summit Heights is a mixed-use, under-construction high-rise in Etihad Town Phase 1 on Main Raiwind Road, Lahore, combining residential apartments (Studio, 1-Bed, 2-Bed Corner on the 3rd-8th floors) with Ground+1st floor commercial units, in one LDA-approved, NOC-verified development.
The location offers direct access to the Thokar Niaz Baig / Ring Road interchange and the nearest Orange Line Metro station, and is 2 minutes from McDonald's and Al-Fatah, 5 minutes from Canal Road and Main Multan Road, and 2 minutes from the M2 Motorway.
A full payment plan has since been published (sourced from a Summit Heights Pvt. Ltd. official flyer): a 4.5-year post-handover plan. Residential units are 70% over 3 years till possession (10% booking + 10% confirmation after 1 month + 30 monthly + 6 half-yearly installments + possession) then 30% over 1.5 years after possession (15 monthly + 3 half-yearly installments). Commercial units run 50/50 instead -- 50% over 1.5 years till possession, 50% over 3 years after. Studio (370 sqft) starts at Rs 7,770,000; the largest commercial G+1 unit (1,685 sqft net) is Rs 92,675,000. Every unit type's figures were checked arithmetically and reconcile to their stated totals.
Payment Plans
Studio Apartment (370 sqft)
Total PricePKR 77.7 Lakh
Advance (10%)PKR 7.8 Lakh
Monthly InstallmentPKR 62,160
NoteSourced from a Summit Heights Pvt. Ltd. official payment-plan flyer (4.5-year post-handover plan, 3rd-8th floor). 70% over 3 years till possession: 10% booking (Rs 777,000) + 10% confirmation after 1 month (Rs 777,000) + 30 monthly installments of Rs 62,160 + 6 half-yearly installments of Rs 207,200 + Rs 777,000 on possession. Then 30% over 1.5 years after possession: 15 monthly installments of Rs 77,700 + 3 half-yearly installments of Rs 388,500. Reconciles exactly to Rs 7,770,000.
1 Bed Apartment (618 sqft)
Total PricePKR 1.3 Cr
Advance (10%)PKR 13 Lakh
Monthly InstallmentPKR 103,824
NoteSourced from a Summit Heights Pvt. Ltd. official payment-plan flyer (4.5-year post-handover plan, 3rd-8th floor). 70% over 3 years till possession: 10% booking (Rs 1,297,800) + 10% confirmation after 1 month (Rs 1,297,800) + 30 monthly installments of Rs 103,824 + 6 half-yearly installments of Rs 346,080 + Rs 1,297,800 on possession. Then 30% over 1.5 years after possession: 15 monthly installments of Rs 129,780 + 3 half-yearly installments of Rs 648,900. Reconciles exactly to Rs 12,978,000.
2 Bed Corner Apartment (964 sqft)
Total PricePKR 2.2 Cr
Advance (10%)PKR 22.3 Lakh
Monthly InstallmentPKR 178,147
NoteSourced from a Summit Heights Pvt. Ltd. official payment-plan flyer (4.5-year post-handover plan, 3rd-8th floor). 70% over 3 years till possession: 10% booking (Rs 2,226,840) + 10% confirmation after 1 month (Rs 2,226,840) + 30 monthly installments of Rs 178,147 + 6 half-yearly installments of Rs 593,824 + Rs 2,226,840 on possession. Then 30% over 1.5 years after possession: 15 monthly installments of Rs 222,684 + 3 half-yearly installments of Rs 1,113,420. Reconciles to Rs 22,268,400 (within rounding).
Commercial G+1 (1,685 sqft net)
Total PricePKR 9.3 Cr
Advance (10%)PKR 92.7 Lakh
Monthly InstallmentPKR 741,400
NoteSourced from a Summit Heights Pvt. Ltd. official payment-plan flyer (4.5-year post-handover plan, Ground+1st floor commercial). 50% over 1.5 years till possession: 10% booking (Rs 9,267,500) + 10% confirmation after 1 month (Rs 9,267,500) + 15 monthly installments of Rs 741,400 + 3 half-yearly installments of Rs 2,471,333 + Rs 9,267,500 on possession. Then 50% over 3 years after possession: 30 monthly installments of Rs 926,750 + 6 half-yearly installments of Rs 3,089,166. Reconciles to Rs 92,675,000 (within rounding).
Commercial Corner G+1 (1,117 sqft net)
Total PricePKR 6.8 Cr
Advance (10%)PKR 67.6 Lakh
Monthly InstallmentPKR 540,628
NoteSourced from a Summit Heights Pvt. Ltd. official payment-plan flyer (4.5-year post-handover plan, Ground+1st floor commercial, corner unit). 50% over 1.5 years till possession: 10% booking (Rs 6,757,850) + 10% confirmation after 1 month (Rs 6,757,850) + 15 monthly installments of Rs 540,628 + 3 half-yearly installments of Rs 1,802,093 + Rs 6,757,850 on possession. Then 50% over 3 years after possession: 30 monthly installments of Rs 675,785 + 6 half-yearly installments of Rs 2,252,616. Reconciles to Rs 67,578,500 (within rounding).
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