Housing Society Report

      Agrics Town Phase I-II-III

Report Summary

Agrics Town Phase I-II-III is a cooperative housing society located on Raiwind Road, Lahore, Pakistan and is supervised by the Lahore Development Authority (LDA).  It has full approval from the LDA and encompasses 762.65 Kanals of approved land across its three phases, which are 100% developed. The society is a gated community with one entry point and its unique selling point is its proximity to the Thokkar station of the Orange Line train and Thokkar Niaz Baig . Residents have access to shopping facilities within Agrics Town and in neighboring areas like Thokar Niaz Baig and adjacent societies such as Etihad Town. The society also features a Pepperdine School Network, along with public parks. Basic amenities such as electricity, gas, and water supply are available, and the main boulevard is 60 feet wide with other streets being 30 feet wide. 

Archivable Data Points

Archivable Data Points are the type of Data Points that change very rarely. Hence, once gathered, they do not really need to be updated that regularly.

 

1.     Basic Information and Overview

1. Name: Agrics Town Co-operative Housing society
2. Address: C6RF+GX2, Road, Agrics Town Lahore, Pakistan
3. Tel No.s: N/a
4. Landline: N/a
5. Cellphones: N/a
6. WhatsApp: N/a
7. URL: No website Available 
8. Email: N/a
9. Google Coordinates: https://maps.app.goo.gl/F2nDPEpWNNzgePLr6
10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Cooperative Housing Society
11. Supervising Authority: LDA
12. Status of Approval (Approved vs Unapproved vs Partially Approved): Approved
13. Total Area (and Approved Area vs Unapproved Area percentage): Phase I,II & III 100% Approved
14. Maps (Society vs Approved): 

Society Map:

LDA Approved Map: Phase I & II Map is missing on LDA website. Other approval details are given.

Phase III:

15. Gated Community Status: Yes
16. Housing Society USP: Near to Thokkar station of Orange like train & Thokkar Niaz Baig.

2.     Legal Formation

1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Cooperative Housing Society
2. System of Election: Yes
3. Date of Incorporation: Not Found on any official website or government website.
4. Date of Initial Launching of the Housing Society: Not Found on any official website or government website.

3.     Location

1. Address: C6RF+GX2, Road, Agrics Town Lahore, Pakistan
2. Coordinates: https://maps.app.goo.gl/F2nDPEpWNNzgePLr6
3. Overall Area/Town Name: Rakh Khamba
4. Approach Road: Raiwind Road
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc): One
7. Access to Important Roads: Main Raiwind Road
8. Public Transport Access: Available through Raiwind road
9. Distances to Major Landmarks of the City (e.g. Airport, Ring Road, Motorway etc, to put the location in perspective): Allama Iqbal International Airport is @ 29.4 kms of distance/ Motorway Interchange 13.6 kms of distance/ Thokkar Niaz Baig is @ 6.3 kms of distance/ Orange line train station thokkar is @ 6.2 kms of distance.
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas: Thokkar Niaz Baig is @ 6.3 kms of distance/ Doctors hospital is located @ 11 kms of distance.
11. Unique features - location-wise: Near to thokkar Niaz Baig & M2 interchange.

4.     Current Management and/or Sponsors

1. Sponsors (Original): Management Committee
2. Current Management (Current Owners/Management Committee): Management Committee
3. System of Management (Owner Management, Election, Administrator): Elections
4. Supervising Authority: LDA

5.     Recent Pictures

6.     Date Started and History of Additions/Extensions

1. Pictures
2. Map Comparisons: See point no.1

7.     Approvals Status

1. Name of the Regulatory Authority of the concerned City: Lahore Development Authority 
2. Approving Authority: LDA
3. Approval Status
   1. Full Approval: Yes
   2. Partial Approval: No
   3. Pending Approval: No
   4. No Approval: N/a
4. Approval No: Not Mentioned on LDA Website
5. Date of Approval: Not Given
6. Number of Sectors Approved: All Blocks
7. Any pending issues for approval: None

8.     Total Area Distribution

1. Total land: Approved: 762.65 Kanals Approved in all 3 phases
2. Total land: Unapproved: None
3. Total Area (Developed vs Undeveloped): 100% developed
4. Distribution of Area: According to LDA bylaws. 

9.     Civic Facilities

1. Shopping facilities: 

• Commercial Facilities: Agrics Town has commercial areas that provide essential shopping services to residents.
• Neighboring Shopping Areas: The society is located near major commercial developments, including those around Thokar Niaz Baig Interchange, which offers a variety of shopping options.
• Adjacent Societies: Being adjacent to Etihad Town, residents can also access shopping facilities available in neighboring societies.

2. Schools: Pepperdine School Network Located within Agrics Town.
3. Banks and other financial services: No banks inside the society.
4. Security and Policing: Raiwind City Circle.
5. Communal Activities (Clubs, Gyms, Libraries etc): Local gyms available. 
6. Other Notable Recreational Activities: None
7. Public Parks: Available 
8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): None

10.  Transport - Intercity and Intracity

1. Bus access: Available through raiwind road
2. Rail Access: Orange line station nearby with 5 kms of distance
3. Intra-City Access: Through Raiwind Road
4. Inter-City Access: Through Raiwind Road
5. Petrol Pumps: Available within 5 kms of radius

11.  Status of Development and Amenities Offered

1. Approach roads: Developed & well maintained
2. Electricity: Available 
3. Gas: Available 
4. Water Supply: Available 
5. Internal Roads Condition: Well Maintained 
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Mianbulevard is 60 feet wide. Other street are 30 feet wide
7. Sewerage: Laid & Operational 
8. Rain drainage: No
9. Internet: Available 
10. Security: 24/7
11. Cable TV: Available 
12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby): See point no.9
13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: Average 

12.  Total number of Plots/Units and their Categories

1. Plots/Units Developed vs Undeveloped (percentage): 100% developed 
2. Various Plot/Unit Categories (percentage): Not found.

13.  Surroundings

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks

Dynamic Data Points

Dynamic Data Points are the Data Points that change often and with more frequency than the Archivable Data Points. These Data Points need to be changed i.e. the H.S.R needs to be updated or reviewed at least once a year.

 

1.     General Selling Mechanism

1. What are they Primarily Selling?
   1. Files: No
   2. On-Ground Plots only: Yes
   3. On-Ground Plots with Possession: Available in resale
2. Approved/in-house/Authorised Property Dealers: -
3. Agencies e.g Zameen, Agency 21, Graana: All agencies working actively 
4. Sale by Housing Society itself: No

2.     Plot Ownership Status

1. Transfer of Ownership Mechanism: Transfer Procedure

Gather Required Documents:

Submit Documents to Society:

Pay Transfer Charges:

Obtain New Allotment Letter:

Dealer's Role:

Additional Considerations:

2. Registry of Properties allowed: Yes
3. Property sold on an Allotment Letter: Yes
4. Where does the Transfer take place: Head Office located within the society. 
5. Rate of Plot Transfer: 800,000/- lacs with all taxes for 10 marla plot.

3.     Competition

1. In context Competing Housing Projects (different from neighboring Housing Projects): Park View City

4.     Percentage of Populated Blocks/Areas/Sectors: 100% Developed

5.     Bank’s acceptance of Housing Society Property as Collateral: Yes

6.     DC/ FBR Rates:

	Residential open Plot (per Marla)	Residential SuperStructure (per Sq.ft)	Commercial open Plot (per Marla)	Commercial Super Structure (per Sq.ft)
Agriches Coop Society	1,052,800	2,000	1,997,640	2,500

 

 

7.     Overall Price Range/Variation of each Category of Unit/Plot (feb 2025)

            

Unit	Price
10 Marla	1.55 crores
1 Kanal	2.75 crores to 3 crores

 

8.     Price Model of the last 5 years (Feb 2025)

            

Years	10 Marla
2020
2021	1.15 crores
2022	1.36 crores
2023	1.95 crores
2024	2.58 crores (14 Marla)

 

9.     Legal Problems - Faced by the Housing Society

1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions: No

10.  Legal Problems - Faced by Clients of the Housing Society: No

11.  Recent News (Print, Electronic, Social Media) in Favour and Against: No

12.  Other Applicable After-Sale Charges

1. Monthly and Annual Fees for residents: 3,000/- for 10 marla houses.
2. Transfer Fees charged by Society: 300,000/- for 10 marla without taxes.
3. Other means of earning for Society: No