Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,30,2023

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Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,30,2023

Lahore Smart City Ballot Updates - Which Files will be Included in the Ballot? | LSC Balloting

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Lahore Smart City Ballot Updates - Which Files will be Included in the Ballot? | LSC Balloting


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Quetta BCDA working on master plan for Balochistan’s coastal belt

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Quetta: The Balochistan Coastal Development Authority (BCDA) is chalking out the master plan of the coastal lie of the province in an attempt to identify the future feasibility of ‘compressive development and preservation of the natural ecosystem’, according to news published on January 23.

Reportedly, the Balochistan government is contributing earnest effort to finalise the master plan to leverage the plethora of tourist destinations dotting the 750-kilometre-long coastal belt and boost the ‘blue economy’. To further optimize the potential of the provincial tourism sector, the government worked to preserve marine life and protect the coastal ecosystem to combat coastal erosion.

The construction work on eco-tourism resorts, jetties, beach parks and rest spots has been ongoing in full swing to accommodate local and foreign travellers. The development of resorts in Gadani, Kund Malir, Jiwani, Aurmara, Gwadar and Kalmat is almost 90% complete. Moreover, the government has spent PKR 250 million on the establishment of five beach parks at the coastal belt.

As per the sources, the government has also formulated BCDA to oversee commercial, residential and other salient facilities for tourists.

Pakistan Mohmand Dam to be completed by 2026: Chairman WAPDA

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Islamabad: Water and Power Development Authority (WAPDA) Chairman Engineer Lt Gen Sajjad Ghani (retired) said that the Mohmand Dam project will be completed by 2026, news sources reported on January 26.


The chairman revealed this information while on a visit to the dam construction site. He said that work is taking place at 11 sites of the project at present, with more sites to be opened soon. He added that the recent floods in the region had delayed the project and the work was halted to solve the water-related issues. However, the development work has now resumed to full capacity with the project expected to complete as per the decided timeframe.

It is important to note that the Mohmand Dam hydropower project will store 1.2 million acre-feet (MAF) of water and will contribute 2.86 billion units of low-cost and environment-friendly hydel electricity per annum to the national grid.


Moreover, it is also expected to provide 300 million gallons of water per day for drinking purposes in Peshawar. The project will also irrigate 18,237 acres of new land in Mohmand and Charsadda and provide socio-economic benefits of Rs 51.6 billion.

DG MDA Orders Strict Action Against Illegal Housing Schemes January 2023

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MULTAN: Director General of the Multan Development Authority (MDA), Saleem Qaisar, has stated that strict action was being taken against unauthorized housing complexes.


As per the sources, he said that MDA was tightening the noose around the owners of unlawful housing schemes, and FIRs were being filed against the owners.

The details suggest that DG MDA warned the public not to fall for the mafia’s unlawful housing projects in his message to the public.

The DG also advised that before buying a plot in any housing scheme, people must consult the MDA’s website and social media handles or ask the MDA for information on the legal status of the pertinent society.

ALSO READ
DG MDA Takes Action Against 11 Officials Over Embezzlement
According to the sources, the over-expanded portion of the Adams Housing proposal was also declared unlawful.

MDA, according to details, did not legalize the expanded region and only 480 Kanal of the housing plan were allowed for the Adams Housing project, which then illegally enlarged the colony to 600 Kanal.

Besides, the sources also confirmed that MDA sent multiple notices to the housing society but their non-compliance has compelled the civic body to designate the enlarged portion as illegal.

Good News: DHA Multan Launches Free Bus Service for Students

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MULTAN: The Defense Housing Authority (DHA) Multan has introduced a complimentary bus service specifically for students residing in the housing project.


This pick-and-drop service will provide transportation to and from DHA Multan and Chungi #9, free of charge.

The DHA administration says it is dedicated to improving services and enhancing the overall quality of life for residents of the housing project through initiatives such as this.

ALSO READ
Abraj IT Tower: A Tech Boost for DHA Multan and South Punjab
In another development, the Defense Housing Authority (DHA) Multan held the third balloting for the Hajj and Umrah package as a continuation of its Employee Welfare Policy.

As per the details, a total of 12 employees were selected for the Umrah package and 6 for Hajj.

The Project Secretary, Col Habib ur Rehman Awan, emphasized the authority’s dedication to creating a supportive and nurturing working environment for all employees.

Here’s What You Didn’t Know About Park View City Islamabad

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The ProProperty team recently visited the headquarters of Park View City, the highly-anticipated project that has been making waves in the industry.


We had the pleasure of sitting down with Fareed Zaka Bajwa, the Director of Sales and Marketing, who possesses a sharp insight into the ever-evolving trends and potential of the real estate sector.

During the meeting, we delved into the vast possibilities that the project holds and explored the business opportunities it presents. Fareed walked us through investment opportunities in Park View City, price & market trends, challenges, and more during the conversation.

Besides, he also had one breaking news for us and our audience which you can find out towards the end of the interview. Watch the full interview here and let us know if you’ll be willing to invest in the project.

the Punjab Government Inclusion of Gulberg Elevated Expressway in Lahore Master Plan 2050

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Inclusion of Gulberg Elevated Expressway in Lahore Master Plan 2050
LAHORE: The Gulberg Elevated Expressway Project has been incorporated by the Punjab Government into the Lahore Master Plan 2050. (Reported by news source)

Shadman, Samanabad, Ferozepur Road, and Gulshan Ravi will be avoided on the 10.5-kilometer-long Gulberg Elevated Expressway track that connects Home Economics College in Gulberg with the Lahore-Islamabad Motorway (M2). The four-lane track can hold 73,866 vehicles per day, according to expectations. Six interchanges will be present along its

The project would cost an estimated Rs.85 billion, and as part of that, the Lahore Development Authority will receive 801 kanals of private land for Rs.3.5 billion (LDA). The federal government is anticipated to give the project its final approval in the forthcoming budget.


It is significant to note that the project was approved in 2019 and was promoted as a workable initiative to lessen city pollution by easing traffic in the major urban regions. To assess the project's viability and potential advantages, the Punjabi government carried out a feasibility study. The analysis came to the conclusion that the project was doable and would benefit the city's infrastructure.

RUDA: 100,000 affordable homes will be developed near Ravi

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100,000 affordable homes will be developed near Ravi
LAHORE: Imran Amin, CEO of the Ravi Urban Development Authority, stated that the organization's own CSR funds would be used to construct about one lac low-cost homes. (Reported by news source)

Dr. James L. Wescoat is renowned for his multidisciplinary research on the Indus River Basin's climatic hazards, water management, multinational water treaties, the political economy of landscape change, the water-energy-food nexus, and Mughal era architecture in the Indian subcontinent.

RUDA is the solution to Ravi's socio-hydrology, where over time, RUDA's own CSR funds would be used to construct around one lac low-cost homes. With the resurrection spirit of Lahore, it won't be a city for the wealthy but rather a city for everyone.


It is important to highlight that a number of RUDA officials participated in this session by attending and offering their advice where necessary.

At the conclusion, CEO Imran Amin reaffirmed his commitment to making this project a success, saying there was no other way to protect Lahore from its impending water, environmental, and ecological woes.

Plans for the Hyatt Regency Lahore DHA are announced by Hyatt Hotels Corporation January 2023

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Plans for the Hyatt Regency Lahore DHA are announced by Hyatt Hotels Corporation January 2023
LAHORE: The 94-room building is scheduled to debut in 2024 as Pakistan's first Hyatt-branded hotel. (Reported by news source)

FP Global (Private) Limited and a Hyatt affiliate have entered into a franchise agreement for the Hyatt Regency Lahore DHA which will be the first Hyatt-branded hotel in Pakistan and a significant advancement in Hyatt's plans to broaden its brand portfolio in Southwest Asia according to a press release from Hyatt Hotels Corporation (NYSE: H).

The resort which is a part of Defence Housing Authority Phase 6 (DHA-6) will be run by Valor Hospitality Partners and is scheduled to start accepting guests in 2024.


The 94-guestroom hotel which is now undergoing renovations will have six food and beverage outlets including all-day dining establishments specialised restaurants a lobby lounge the Regency Club and The Market a cafe-style alternative where visitors can grab a snack whenever they want.

Additionally Lahore's proximity to Islamabad the country's capital and the easy access to the Internet made possible by the Lahore Junction railway station which is only 30 minutes away by car are additional advantages.

Fazaia Housing Scheme Lahore divided into two phases Phase-1 and Phase-2

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Fazaia Housing Scheme is a premium housing society in Lahore that is divided into two phases, phase 1 and phase 2. This society was founded as a Private Housing Scheme to provide employees of the Pakistan Air Force with a comfortable, respectable, and modern living environment. The housing society was officially launched in December 2003, with planning and design finishing in July 2005. It is approved by the LDA.

Because of its prime location, this is a desirable project. Phase 1 of the Fazaia Housing Scheme covers 4000 Kanal of land, while Phase 2 contains 1500 Kanal of land. Many residential and commercial properties are available in this project.

In this blog, we will discuss the complete details of the Fazaia Housing Scheme Lahore Phase 1 and Phase 2.

Location
The Fazaia Housing Scheme has two phases. Phase 1 of this beautiful society is located on the Main Raiwind Road in Lahore. It is 12 kilometers away from Thokar Niaz Baig. This phase is 10 minutes away from Shaukat Khanum Hospital. Fazaia Housing Scheme Phase 2 is located on Sundar Road in Lahore. Phase 2 is five kilometers away from Phase 1. The following are some distances:

Phase 1 is 20 minutes away, and phase 2 is 25 minutes away from the Lahore Ring Road.
Phase 1 is 9 minutes away, and phase 2 is 14 minutes away from the Defence Road.
Phase 1 is 30 minutes away, and phase 2 is 35 minutes away from the Allama Iqbal International Airport.
Some nearby developed societies are as follows:
Lake City
Chinar Forts
Khayaban-e-Ameen
DHA Rahbar
Valencia Housing Scheme
Eden Lane Villas
Beacon House Society
LDA Avenue
Plots and Rates Update in Fazaia Housing Scheme
The Fazaia Housing Scheme is a well-developed housing scheme. There are many newly constructed homes where 100+ families are living. The prices of these plots vary depending on the property’s location, such as corner plots, park-facing plots, MB-facing plots, and many others. These plots are available for purchase with possession. After the purchase, you can start the construction of your house. This is an ideal destination for those looking to live away from the pollution and noise of Lahore.

Fazaia Housing Scheme Phase 1
Fazaia Housing Scheme Phase 1 is divided into many blocks. Many facilities have easy access to these blocks. The names of these blocks are:

Block A
Block B
Block C
Block D
Block E
Block F
There are a variety of plots available in these blocks in various sizes. The sizes are as follows:

10 Marla
32 Marla
40 Marla
The 10 Marla residential plots in FHS Phase 1 are available at the price of 140 lacs and go up to 175 lacs.

The 32 Marla residential plots in Fazaia Housing Scheme Phase 1 are available at the price of 3 crores and go up to 4 crores.

The 40 Marla residential plots in Fazaia Housing Scheme Phase 1 are available at the price of 4 crores and go up to 5 crores.

Fazaia Housing Scheme Phase 2
Fazaia Housing Scheme Phase 2 contains both residential and commercial properties. This society has two gates for entrance. One is from Sundar Road, and the other is from the Phase 1. This society is divided into different blocks. The names of these blocks are:

Block A
Block B
Block C
Block D
In these four blocks, a variety of residential and commercial plots are available. These plots are in various sizes. The sizes are as follows:

5 Marla
7 Marla
10 Marla
1 Kanal
5 Marla (commercial)
Block A
Block A in Fazaia Housing Scheme Phase 2 contains 10 Marla, 1 Kanal residential plots, and 5 Marla commercial plots.

The price of 10 Marla residential plots in Block A is 65 lacs and goes up to 80 lacs.

The price of 1 Kanal residential plot in Block A is 120 lacs and goes up to 160 lacs.

Block B
Block B in FHS Phase 2 contains 10 Marla and 1 Kanal residential plots. Block B also contains the society’s cooperative office.

The price of 10 Marla residential plots in Block B is 70 lacs and goes up to 80 lacs.

The price of 1 Kanal residential plot in Block B is 130 lacs and goes up to 170 lacs.

Block C
Block C in FHS Phase 2 contains only 7 Marla residential plots. The price of 7 Marla residential plots in Block C is 50 lacs and goes up to 70 lacs.

Block D
Block D in Fazaia Housing Scheme Phase 2 contains only 5 Marla residential plots. The price of 5 Marla residential plots in Block D is 44 lacs and goes up to 50 lacs.

Note: The prices will be different for some locations of plots, such as corner plots, park-facing plots, and MB-facing plots.

Transfer Fee
The transfer fee will be charged at the time of buying property in the Fazaia Housing Scheme. The fee varies depending on the size of the plot. The transfer fee is as follows:

The transfer fee for the 5 Marla plot is 1,40,000/-.

The transfer fee for the 10 Marla plot is 1,60,000/-

The transfer fee for the 1 Kanal plot is 2,00,000/-.

Developments – Fazaia Housing Scheme
The Fazaia Housing Scheme is a well-developed housing scheme. Both phases have been developed and include plots with possession. This housing society is safe, with boundary walls and a gated community. Road construction in both phases is also complete. Many people have built homes and are living peacefully. The residence includes many amenities, such as commercial areas, playgrounds, grocery stores, and other necessities for a better lifestyle. In both phases, over 500 families are living there. As the population grows, the value of this property will also increase.

Some biggest developments in the FHS are:

Central Mosque
Plaza A Block
Water Filtration Plant
Educational Institutes
Central Mosque
The Central Mosque is the most significant development in the Fazaia Housing Scheme. This mosque has a prayer capacity of over 2500 people. There is also an Islamic library there. This mosque is built on approximately 2.70 Kanal of land. This mosque is located in Block H of Fazaia Housing Scheme Phase 1.

Plaza A Block
In the commercial zone of Block A, a multistory commercial plaza has been built. This commercial plaza includes a bank and well-known food points that will serve high-quality food. A grand department store will also be available to provide residents with daily household items. There is also a place for different business offices.

Water Filtration Plant
The supply of clean water to all residents is the top priority of the FHS management. In November 2016, two filtration plants were installed in this housing society. The installation of these filtration plants aims to provide clean drinking water to residents.

Educational Institutes
The most important factor in any society is education. Fazaia Housing Society has many educational institutes in its surroundings. Children can get a superior education from these international-level schools. The names of these schools are:

Allied School
Unique junior & high School
Native International School
Features
Fazaia Housing Scheme offers an excellent lifestyle and contains world-class features. Some of its features are:

Gated community
Boundary walls
Underground electricity
Sewerage system and drainage system
Green parks and playgrounds
Commercial areas
Grocery stores
Plaza for IT and different business
Banquet hall
Community center
Jamia Mosque
Library
Water filtration plant
Why Invest in Fazaia Housing Scheme Lahore?
Fazaia Housing Scheme Lahore is a well-planned and well-maintained society in Lahore. It is the best housing society that places a high value on establishing high standards for better community living. The LDA has approved both phases of this society. There are numerous reasons to invest in this society, which are:

Both phases have an ideal location in the heart of Lahore.
It is a well-developed housing society.
Basic facilities are available, such as electricity and water facilities.
Both residential and commercial properties are available.
500+ families are living there.
Affordable prices for properties.
Possession is available.
The value will increase in the coming days.
A huge return is expected.

Important News that can effect property market

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*PKR Outlook*

Tresmark: With the current government paralysed in to inaction, it took the Deputy Assistant Secretary of US Treasury, to fly down and advise the government that there is no other way but to follow the IMF prescribed reforms. Following this, we saw a flurry of measures, including the ongoing currency devaluation and preparing a mini budget to steady the ship.

*Has the devaluation been done?*
Following 2 days of devaluation, USDPKR jumped from 229.50 to 262.60 (+33/$), at one time trading at 264 as well. Most analysts are of the view that Rupee will weaken to 275, and then consolidate towards the 270 level as IMF approves the program. They cite several reasons for these levels, with one being of a recent precedent - Egypt, which just reentered the IMF program and its currency was devalued by 20%.

*What we can tell from Friday’s trading session*
While there was no intervention in the forex market on Friday, the USDPKR struggled to go up beyond 264, and after staying at that level, receded somewhat to close at 262.60. Indeed, there was interest from exporters are these levels.

*More export proceeds will follow*
If we look at ERF figures, exporters have drawn more loans (25% higher) even though export activity was low. This suggests that exporters borrowed in the local currency (at high rates) but did not bring in their export proceeds. Analysts estimate this figure to be around $2.5bn. Now having a windfall (+33/$) they may not wait for PKR to depreciate further in a race to 1) payback their high interest money and 2) to quickly procure raw materials before the prices jump up.

*Importers surprised*
In the backdrop of this change in equilibrium, banks started to call clients (mostly exporters) to partially settle their back log of imports. Market estimates of back log go beyond $3bn with at least $1.7bn in crucial or immediate imports.

*Grey market*
While the last quote on Friday evening was 278/280, it was of much smaller amounts. Market sources said that most of high volume deals were done on Thursday at the 270 to 272 levels.

*Swap market*
Post devaluation, the swap market eased, showing signs of some infusion of liquidity. 1 week and 1 months swaps climbed from -20 & -10 to 10 & 20 levels. It is expected that next week there will be more consolidation

*Inflow of funds*
In spite of interest rate hike and the devaluation round, there are still differences between Pakistan and the Fund. But it seems like Pakistan’s position has changed from resist to negotiate. If things fall in to place, we may see IMF inflows as early as mid February. And an IMF staff level agreement will most likely pave way for more substantial inflows from friendly countries and multilateral agencies.

The market does seem to factor in that the IMF deal will materialise as can also be witnessed from *PSX* which recorded highest weekly gain since last April of more than 2,000 points.

*PKR Outlook*
Keeping the above in mind, the market will struggle to go above 270 in the short term, correcting to 265 levels, if there are no negative news on the IMF or the political front. But traders will keeping a close watch on depleting reserves which went below $10bn for the first time in years (last week change negative $902mn).

*Is devaluation necessary*
There seems to be a misunderstanding when leading economists talk about a market based exchange rate. It means there has to be a market place, which can not happen unless the forex market is deregulated, has more market makers and modern products. It doesn’t mean devaluation as even after devaluing the State is holding on to a new level. But deregulating the market is long drawn process, but something that needs to be done.

*Dollar Index*
The dollar index is at its lowest level in months, trading just above 101, as traders expect the Fed to abandon its stringent quantitative tightening to a more dovish stance. Most major currencies and some Asian currencies (including China & India) have strengthened against the dollar.

*US Debt Ceiling*
The US debt ceiling will be in the news the next few weeks as US is fast approaching its debt limit. Expect some fireworks

https://live.tresmark.com/Home/NewsPopupFullView?pk_NewsID=1800205

Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,28,2023

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Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,28,2023

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Plots For Sale In Dha Lahore Phase 9 Prism

Near By Numbers

1 Kanal

A - 506 @ 260 Lac ( All Paid + 80 Ft Back + Near Park & Commercial + Attractive Price

F - 502 + 503 @ 630 Lac ( All Paid + 80 Ft Back + Direct Approach To 150 Ft + Near Main Park + Near Zone 2 Commercial

5 Marla

R - 3117 @ 92 Lac ( All Paid + 60 Ft + Near Park + Possession Plot + Limited Option Of 5 Marla In 60 Ft Road

Society Map : https://lahorerealestate.com/ge/Lahore/DHA-Lahore-Phase-9-Prism-Map/index.html

For Your Queries & Buying/ Selling Please Contact

Muhammad Fayaz
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Lahore Real Estate ( Where Dreams Come True


:forsale:

Detailed Briefing About DHA Bahawalpur Cash Files | Expected Location & Ballot Updates | Jan 2023

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Detailed Briefing About DHA Bahawalpur Cash Files | Expected Location & Ballot Updates | Jan 2023


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Umair Tahir
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Liberty Lands Lahore | Etihad Town Phase 2 | Which files are going to be Cancelled? | Mega Discount

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Liberty Lands Lahore | Etihad Town Phase 2 | Which files are going to be Cancelled? | Mega Discount


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Malik Shehrooz
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DHA Gujranwala - Market Updates | Why Prices are Improving?

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DHA Gujranwala - Market Updates | Why Prices are Improving?


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Bilal Bhatti
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Lahore Smart City Latest Development Updates

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Lahore Smart City Latest Development Updates


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For Your Queries & Buying/Selling Please Contact:
Ch Mujahid Yasin (CMY)
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Plot For Sale In DHA Lahore Phase 9 Prism Jan 2023

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DHA Lahore Phase 9 Prism


Near F 502 & 503 @ 630 Lacs 1-Kanal Pair Prime Loaction, next to 150 Feet Road
Near A 607 & 608 @ 625 Lac 1-Kanal Pair, Prime Central Location,
Near D 692 & 693 @ 625 Lac 1-Kanal Pair corner near Park
Near G 348 & 349 @ 650 Lac 1-Kanal Pair, Corner 150 Feet Road


Near A 1054 @ 300 Lac Corner Facing Park 1-Kanal
Near P 283 @ 280 Lac, Facing Park 1-Kanal
Near F 517 @ 310 Lac, Facing Park 150 Feet Road 1-Kanal
Near C 1178 @ 215 Lac , 80 Feet Road 1-Kanal
Near E 305 @ 262 Lac, 1-Kanal
Near R 88 @ 235 Lac, 1-Kanal, Possession
Near F 642 @ 265 Lac, 1-Kanal


Near L 1372 @ 135 Lac, 10-Marla
Near L 1091 @ 155 Lac, 10-Marla

Salman Maqsood
Lahore Real Estate
+923224009967

Commissioner Orders Inquiry Against Alleged Land Grabbing in Cholistan

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BAHAWALPUR: The Divisional Commissioner, Raja Jahangir Anwar, has ordered an inquiry against a group of individuals who are accused of unlawfully occupying state-owned land worth millions of rupees in Cholistan.


The inquiry was prompted by an application from Humayun Shah Bokhari, who stated that the group had used forged documents to acquire hundreds of kanals of land in village 79/DNB in Yazman Tehsil of Bahawalpur district.

Bokhari claims that the identities, signatures, and thumbprints of the individuals are fake and that an investigation and forensic examination will reveal their fraud.

ALSO READ
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He has requested that if the inquiry confirms their wrongdoing, the land grabbers and any government officials who aided them should be held accountable.

Despite previous efforts by the district, divisional, and Cholistan Development Authority to reclaim state land from land grabbers, such complaints continue to arise due to suspected collusion between official and criminal elements.