Housing Society Report

AL-KABIR TOWN Phase 1 & 2

Report Summary

This report outlines the Al-Kabir Town Phase 1 & 2, a private housing scheme near BNU, off Raiwind Road, Lahore, launched in 2016.The society is partially approved with 70% approved area. It is a gated community with three entry gates. Al-Kabir Town is located 7km from the Ring Road interchange. The LDA is the regulatory authority, and sectors A and B are approved. 40% of the total area is developed. Civic facilities include shopping, a Bank of Punjab (Taqwa Islamic Banking) branch, 24/7 security, a gym, and public parks. Raiwind Road offers access to public transport and important roads. The society primarily sells files, and on-ground plots are available in resale only. Property transfers are allowed at the head office. Competing projects include Palm City and Etihad Town Phase 2. Notably, the report mentions that the National Accountability Bureau (NAB) has decided to launch a probe into the affairs of Al-Kabir Town for allegedly defrauding the public, also investigating the role of LDA officials. Monthly and annual fees for residents are PKR 1000, and the transfer fee for a 5 Marla plot is PKR 50,000.

 

1. Basic Information and Overview

    1. Name: Al-Kabir Town
    2. Address: Al-Kabir Town Phase I Near BNU, 1 KM Off Raiwind Road, Lahore
    3. Tel No.s: 92 42 111 111 339 (UAN)
    4. Landline: 0800 11 339 (Toll Free)
    5. Cellphones: n/a
    6. WhatsApp: n/a
    7. URL: https://alkabirdeveloper.com/
    8. Email: info@alkabirdeveloper.com
    9. Google Coordinates: https://maps.app.goo.gl/psLWCkD5ZRiDbZJb7
    10. Legal Formation: Private Housing Scheme
    11. Supervising Authority: None
    12. Status of Approval (Approved vs Unapproved vs Partially Approved): Partially Approved
    13. Total Area (and Approved Area vs Unapproved Area percentage): 70%/30%
    14. Maps (Society vs Approved): See point no. 6
    15. Gated Community Status: Yes

2. Legal Formation:

    1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Private Housing Scheme
    2. System of Election (if any): None
    3. Date of Incorporation: 2016
    4. Date of Initial Launching of the Housing Society (if available): 2016

3. Location:

    1. Address: Al-Kabir Town Phase I Near BNU, 1 KM Off Raiwind Road, Lahore
    2. Coordinates: https://maps.app.goo.gl/psLWCkD5ZRiDbZJb7
    3. Overall, Area/Town Name: Al-kabir Town
    4. Approach Road(s): Raiwind Road/ Beaconhouse National university Road
    5. Gated Community: Yes
    6. Entry Points (Number of Gates and in which Blocks/Sectors etc.): (3 Gates/ Phase 1 & Phase 2, BNU side gate)
    7. Access to Important Roads: Raiwind Road
    8. Public Transport Access: Through Raiwind road
    9. Distances to Major Landmarks of the City (e.g. Airport, Ring Road, Motorway etc, to put the location in perspective): Ring Road interchange is 7km, Allama Iqbal International airport is 39.8 kms, Thokar Niaz Baig is 19.9 kms.
    10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): Sharif medical & dental college is 11.6 kms, General Hospital is 25.7 kms, Beaconhouse National university campus is 8.7 kms
4. Current Management and/or Sponsors 
  1. Sponsors (Original): CEO Chaudhary Aurangzeb/Al Kabir Town, developed by Al-Kabir Town (Pvt) Ltd
  2. Current Management (Current Owners/Management Committee): Chaudhary Aurangzeb
  3. System of Management (Owner Management, Election, Administrator): Owner’s Management 
  4. Supervising Authority (if any): None
5. Recent Pictures: 

 

6. Date Started and History of Additions/Extensions
    1. Pictures 
    2. Map Comparisons: Phase 1 & 2 vs Approved Map by LDA

Phase 1.

 image

 

 

Phase 2.

image

Approved Map on LDA’s Website:

Source: https://lda.gop.pk/private_schemes/scheme.

image

7. Approvals Status
    1. Name of the Regulatory Authority of the concerned City: Lahore Development Authority LDA
    2. Approving Authority: LDA
    3. Approval Status
      1. Full Approval : No
      2. Partial Approval: Yes
      3. Pending Approval: Not Given
      4. No Approval: N/A
    4. Approval No: Not Given
    5. Date of Approval: Not Given
    6. Number of Sectors Approved: A and B
    7. Any pending issues for approval: None
8. Total Area Distribution
    1. Total land: Approved : 239.85 Kanal 
    2. Total land: Unapproved: 2268 kanal land.
    3. Total Area (Developed vs Undeveloped): 40% / 60%
    4. Distribution of Area (like)

image

 

9. Civic Facilities
    1. Shopping facilities: Shopping Facilities Available 
    2. Schools: None
    3. Banks and other financial services: Bank of Punjab (Taqwa Islamic banking) is operational.
    4. Security and Policing:  24/7 Available
    5. Communal Activities (Clubs, Gyms, Libraries etc): Gym is 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: Through Raiwind Road
    2. Rail Access: None
    3. Intra-City Access: Through raiwind road
    4. Inter-City Access: Through raiwind road
    5. Petrol Pumps: Available within 1 km radius

 

11. Status of Development and Amenities Offered
    1. Approach roads: Raiwind Road & BNU Road
    2. Electricity: Available 
    3. Gas: Not Available 
    4. Water Supply: Available 
    5. Internal Roads Condition: Well maintained 
    6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Boulevard is 80 feet, internal roads are 30 feet
    7. Sewerage: Constructed & maintained
    8. Rain drainage: None
    9. Internet: PTCL internet is available 
    10. Security: 24/7 available 
    11. Cable TV: Available 
    12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby) : Available inside & nearby the housing scheme.
    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): 40%/60%
    2. Various Plot/Unit Categories (percentage): 3,4,5,7,10 & kanal

13. Surroundings

    1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Lake city, Kings town, chinar bagh, bahria orchard

 

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 : Yes 
      2. On-Ground Plots only: Available in resale only
      3. On-Ground Plots with Possession: Available in resale only
    2. Approved/in-house/Authorized Property Dealers: Hafiz properties/ Etimaad properties/ KS Estate & builders
    3. Agencies e.g Zameen, Agency 21, Graana: Only through zameen
    4. Sale by Housing Society itself: Society owns its sale & marketing team
  1. Plot Ownership Status 
    1. Transfer of Ownership Mechanism:  Following are the steps to transfer your plot of file for Al-kabir town Lahore:
    1. Registry of Properties allowed: Registry is available 
    2. Property sold on an Allotment Letter: Fresh inventory sold on file system only
    3. Where does the Transfer take place:  Al-Kabir Town Phase I Near BNU, 1KM Off Raiwind Road, Lahore
    4. Rate of Plot Transfer: 50,000/- (Can be changed at anytime without notice)
  1. Competition
    1. In context Competing Housing Projects (different from neighboring Housing Projects): Park Avenue, Chinar bagh, Bahria Orchard
  1. Percentage of Populated Blocks/Areas/Sectors: A,B,C,D & E,  Ali block//usman block are populated on average of 70%. Abubakar Block is developed but not populated, Umar block is under development.
  2. Bank’s acceptance of Housing Society Property as Collateral: Banks acceptance is only available on approved areas of housing scheme.
  3. DC/ FBR Rates: 

 

Residential open Plot (per Marla)

Residential Superstructure (per Sq.ft) 

Commercial open Plot (per Marla)

Commercial Super Structure (per Sq.ft) 

Mauza Janjaty 

470,600

1,800

1,008,820

2,200

 

  1. Overall, Price Range/Variation of each Category of Unit/Plot: 

Unit

Price

3 Marla

45 lacs to 55 lacs

5 marla

40 lacs to 80 lacs

 

  1. Price Model of the last 5 years:

 

Year

Installment Rate 

2018

25,00,000/-

2020

35,00,000/- Resale Value

2021

45,00,000/- Ali Block

2022

-

2023

65,00,000/- cash (usman block)

2024

70,00,000/- Cash E Block

 

 

  1. Legal Problems - Faced by the Housing Society
    1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions:  The National Accountability Bureau (NAB) has decided to launch a probe into the affairs of the Al-Kabir Town for allegedly defrauding the general public. The NAB will also investigate the role of Lahore Development Authority (LDA) officials for their alleged “negligence and collusion” in this project. According to officials, NAB Chairman retired Justice Javed Iqbal on Monday directed Lahore Director General Shahzad Saleem to investigate the matters of the Al-Kabir Town which allegedly launched the society without having the required land and NoC from the department concerned. It sold 14,000 plots and made billions of rupees. The chairman observed that the LDA had not fulfilled its responsibility in this regard. “The LDA did not check the advertisement campaign of the Al-Kabir Town despite knowing that it was involved in a mega fraud,” he said and directed to initiate action against those LDA officials involved in this scam and recover the looted money to compensate the affectees. Meanwhile, the NAB has asked the affectees of the Wapda City Phase-II, Fasialabad, to submit their claims. Published in Dawn, February 25th, 2020

Source: https://www.dawn.com/news/1536466

  1. Legal Problems - Faced by Clients of the Housing Society: None
  2. Recent News (Print, Electronic, Social Media) in Favour and Against: (See option 9)
  3. Other Applicable After-Sale Charges
    1. Monthly and Annual Fees for residents (if any): 1000/-
    2. Transfer Fees charged by Society: 50,000/-
    3. Other means of earning for Society: None