New Lod District Offers Apartments Below Market Price

A new residential district, dubbed the "International Quarter," is under development in western Lod, near Nir Tzvi. Spanning approximately 1,600 dunams, the project is designed to be one of the largest and most intriguing in central Israel. It is slated to include around 11,350 housing units, alongside substantial commercial and employment spaces totaling approximately 154,000 square meters for employment and 48,000 square meters for commerce and leisure.

The district emphasizes green spaces, with about 704 dunams dedicated to public open areas, parks, educational and public institutions, and pedestrian and cycling paths. The vision is to create an urban environment that integrates city living with ample green spaces.

Currently, a presale phase for 3- to 6-room apartments has opened. Marketing data indicates these units are being offered at prices approximately 300,000 shekels below market rates. Additionally, buyers can benefit from a 10/90 payment plan, requiring a small initial payment with the balance due later, and a waiver of legal fees. This offer is contingent on a contractor loan and the terms of the purchase agreement.

The location offers strategic advantages, including proximity to the Ganei Aviv train station, providing quick access to Tel Aviv. It also boasts convenient connections to highways 4, 6, and 431, as well as Ben Gurion Airport and Airport City. Future plans include a metro station in the area.

This development is presented as a timely opportunity for families and those looking to upgrade their homes in central Israel, offering a new neighborhood built from the ground up with developing infrastructure, significant green areas, and presale pricing before the district is fully completed and populated.