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Grand Avenue housing society lahore,

(109774)
Sunday, June 4, 2017 08:53 AM 

Assalam o alaikum .... Please throw light on Grand avenue housing society ferozpure road lahore ... Wether one should invest or not as it is not LDA approved yet ... Thanks

Atiq replied on Monday, June 5, 2017 04:54 AM 

Buy only possession plot in A block. This is safe investment as approval from lda is under process. GA own the best location of ferozpure road. I purchased two 5 Marla possession plots in A block at 1.8 million each and sold 1 plot last month at 30.5 lakh. I believe the profit earned is better then DHA Prism investment which is land of heaven and being developed on earth which require 10 years to be developed and next 5 more years to be livable. GA is 90% developed and and quality of development meet DHA stander with superb location. After inauguration of ring road GA will be central location of lahore.

Tariq replied on Monday, June 5, 2017 05:55 AM 

Thank you Mr. Atiq. Why only A Block? Does this means that the society has applied for LDA approval only for A Block? Actually, I am looking forward to buy a possession plot in B Block. I totally agree that GA's location and development standard is very attractive. There are several commercial plazas and shops in the society, but almost complete absence of houses is worrisome. Any idea why no houses yet, given that GA's is even better than CP in several aspects?

Muhammad Asif® replied on Monday, June 5, 2017 08:00 AM 

Tariq sb what are those aspects in which GA is better than CP?

Ahsan® replied on Monday, June 5, 2017 09:13 AM 

Grand Avenue is a very good society and prices will shoot after LRR as it is highly underprice for 1 kanal and 10 marla plots. The quality of development is very high and they have given possession to more than 70% of plots in A block.

Gladiator replied on Monday, June 5, 2017 04:02 PM 

What about non possession 10 marla plot in b block ? B block is not LDA approved ? how much profit one can expect in coming future and any suggestion to hold it for how long ? Please suggest

Atiq replied on Tuesday, June 6, 2017 06:27 AM 

Dear Tariq, this is not only A block, they have applied with compete lay out plan for LDA approval.A block has better location then B block.We need to understand that all this development in Grand avenues were carried out in last 10 months. In my last visit to Pakistan I noticed many houses were under construction in A block 5 marla and 1 kanal size.
Yes Grand Avenues can be better then central park in terms of quality of development of roads but Central Park has many advantages that can not be ignored as below:

Central park is being rapidly populated.
Comparatively Cp is many times big project.
cp has largest lush green park of lahore offered in private housings.
Central park has its own Medical college, hospital, school, commercials in full operations.
LDA approved.
Still under priced.

Tariq replied on Thursday, June 8, 2017 02:14 PM 

Dear Mr. Asif, In my opinion, GA is better than CP in following aspects
1. Closer to Lahore. Heard that CP creates problems for residents intending to use its gate near Grand Mall.
2. Lower rates, so expect better and instant good profit upon LDA approval.
3. CP has larger land on map but they are in serious deadlock with the owners of numerous pockets, some of which are right in the prime location of society, affecting the 500k park, C, B, G and D blocks. No imminent resolution in sight. GA has already almost acquired the A and much of B block land, and almost no pockets amidst the acquired land. Pockets on the sides, not middle.
GA also has a hospital right at its gate a direct entry on both the lanes of ferozpur road right from its gate.
4. Development standard of GA is better than CP. No bias, as I own a 1 Kanal in CP as well.
5. Massive gains in GA in one year and potential for much more. CP stagnant for an year now.
6. GA likely to be acquired by DHA PH 10.
CP has its own evident benefits, esp if u want to construct a house immediately.

Tariq replied on Thursday, June 8, 2017 10:23 PM 

Above all is not to undermine CP, it's truly a gem. GA is a near future gem IA. Btw I find B block of GA much better than A. B also has ample land with ready possession.

Muhammad Nauman Rasool replied on Sunday, July 8, 2018 07:24 AM 

A.o.A. Brothers,

I am in some confusion, need you people help.
Am living in abroad and unfortunately i wasn't aware of GA issue as am in abroad and last year in Aug my elders forced me to invest in lahore and then we bought a file of 5 Marla in GA, C block as my elders did search and found it good.
After that when i came to Pakistan i found out GA issue with LDA for approval and then i went to GA office to return file they said sell us at 3lakh loss. I have paid around 10 lakh now. So now what should i do?
Wait and keep paying installments until 2021 or try to sell the file?

Please guide me

Mahmood Chaudhry replied on Monday, March 4, 2019 07:42 PM 

A.o.A. Brothers,
Am living in abroad and unfortunately i wasn't aware of GA issue as am in abroad and I bought a file of 5 Marla in GA, 2016.. So now what should i do?
Wait and keep paying installments until 2021 or try to sell the file?

Please guide me
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