Housing Society Report

Askari IX

Report Summary

Askari IX is an approved, gated community managed by the Armed Forces and located on Zarrar Shaheed Road in Lahore. It is 100% developed. Located in the heart of Lahore Cantt. Zarrar Shaheed Road provides access. Allama Iqbal International Airport is approximately 10.4 km away. Saddar Bazar police station provides security and policing. Zameen.com is actively working as an agency. Property transfers necessitate a No Objection Certificate from the Housing Directorate, along with other clearances. The monthly fees for residents is 3,000/-. Only houses are available for sale.

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: Askari 9, Lahore
    2. Address: Askari 9, Zarrar Shaheed Road, Lahore
    3. Tel No.s: Not Found
    4. Landline: Not Found
    5. Cellphones: Not Found
    6. WhatsApp: N/a
    7. URL: https://www.askarihousing.com/ (Website is not working)
    8. Email: Not Found
    9. Google Coordinates: https://maps.app.goo.gl/yKf4YeWDaYDXMkWs5
    10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Armed Forces
    11. Supervising Authority: Armed Forces
    12. Status of Approval (Approved vs Unapproved vs Partially Approved): Approved
    13. Total Area (and Approved Area vs Unapproved Area percentage): 100% Approved
    14. Maps (Society vs Approved)

image

    1. Gated Community Status: Yes
    2. Housing Society USP:  Located in the heart of Lahore Cantt.

 

  1. Legal Formation
    1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Armed Forces
    2. System of Election: No
    3. Date of Incorporation: Early 2000s
    4. Date of Initial Launching of the Housing Society:         Early 2000s

 

  1. Location
    1. Address: Askari 3, Bedian Road, Lahore, Punjab 54000
    2. Coordinates: https://maps.app.goo.gl/yKf4YeWDaYDXMkWs5
    3. Overall Area/Town Name: Aziz Bhatti Town
    4. Approach Road: Askari 9 in Lahore is easily accessible via several major roads. The approach road primarily includes:
    1. Gated Community: Yes
    2. Entry Points (Number of Gates and in which Blocks/Sectors etc): Two Main Entry Gates.
    3. Access to Important Roads: See option D
    4. Public Transport Access: Available through Zarrar Shaheed Road
    5. Distances to Major Landmarks of the City (e.g. Airport, Ring Road, Motorway etc, to put the location in perspective): Allama Iqbal International Airport Lahore is @ 10.4 kms of distance. Lahore Ring Road interchange is @ 6.1 kms of distance/ Saddar Bazar is @ 1 kms of distance.
    6. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas: Combined Military Hospital is @ 3.5 kms of distance/ Garrison Golf & Country Club is @ 3.7 kms of distance. Lahore School of Economics is @ 12.7 kms of distance.
    7. Unique features : Near to Saddar Bazar Lahore

 

  1. Current Management and/or Sponsors 
    1. Sponsors (Original): Armed Forces
    2. Current Management (Current Owners/Management Committee): Armed Forces
    3. System of Management (Owner Management, Election, Administrator): Administrator
    4. Supervising Authority: Armed Forces

 

  1. Recent Pictures

 

  1. Date Started and History of Additions/Extensions
    1. Pictures
    2. Map Comparison: See point no. 1
  1. Approvals Status
    1. Name of the Regulatory Authority of the concerned City: Armed Forces
    2. Approving Authority: Armed Forces
    3. Approval Status
      1. Full Approval: Yes
      2. Partial Approval: No
      3. Pending Approval: No
      4. No Approval: N/a
    4. Approval No: N/a
    5. Date of Approval: N/a
    6. Number of Sectors Approved: All blocks are approved.
    7. Any pending issues for approval: No

 

  1. Total Area Distribution
    1. Total land: Approved: Yes
    2. Total land: Unapproved: No
    3. Total Area (Developed vs Undeveloped): 100% developed

 

  1. Civic Facilities
    1. Shopping facilities: Local Markets within the society premises. Nearby famous shopping Mall is Mall of Lahore, where all kinds of shopping facilities are available.
    2. Schools: 99 Education System School is Located within Askari 9, this school provides a range of educational services and is situated on Block A, 3 Street, 53. It aims to cater to the local community's educational requirements. 
    3. Banks and other financial services: Meezan Bank is the only bank operational inside the society premises.
    4. Security and Policing: Saddar Bazar police station.
    5. Communal Activities (Clubs, Gyms, Libraries etc): Local Gyms available.
    6. Other Notable Recreational Activities: None
    7. Public Parks: Parks are available according to need of society residents.
    8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): See option (A) above.

 

  1. Transport - Intercity and Intracity
    1. Bus access:  Available through Zarrar shaheed road.
    2. Rail Access: No
    3. Intra-City Access: Available through Zarrar shaheed road.
    4. Inter-City Access:  Available through Zarrar shaheed road.
    5. Petrol Pumps: Available within 2 km of radius

 

  1. Status of Development and Amenities Offered
    1. Approach roads: Constructed & well maintained 
    2. Electricity: Available 
    3. Gas: Available 
    4. Water Supply: Available 
    5. Internal Roads Condition: Constructed & well maintained  
    6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Boulevard is 100 feet wide. Other roads are 30 feet wide.
    7. Sewerage: Laid & operational
    8. Rain drainage: No
    9. Internet: Available 
    10. Security: Available 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: Clean & well managed. 
  1. Total number of Plots/Units and their Categories
    1. Plots/Units Developed vs Undeveloped (percentage):100% developed
    2. Various Plot/Unit Categories (percentage): Information not given on any government or local website.

 

  1. Surroundings
    1. Neighboring Housing Projects: Askari 1, Saddar Town, PF Colony.
    2. General Area Layout:
      1. West: Al-Faisal Town
      2. East: Askari 1
      3. North East: Khaybar Colony
      4. North West: PF Colony
    3. Nearby Landmarks: Lahore Garrison Golf & Country Club

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: No (No plots available for sale, only houses)
      3. On-Ground Plots with Possession: No (No plots available for sale, only houses)
    2. Approved/in-house/Authorised Property Dealers: 
    3. Agencies e.g Zameen, Agency 21, Graana: Zameen.com is actively working. 
    4. Sale by Housing Society itself: No

 

  1. Plot Ownership Status 
    1. Transfer of Ownership Mechanism:
    1. Registry of Properties allowed: No
    2. Property sold on an Allotment Letter: Allotment Letter.
    3. Where does the Transfer take place: Society Office located within the Askari 9.
    4. Rate of Plot Transfer: ?

 

  1. Competition
    1. In context Competing Housing Projects (different from neighboring Housing Projects): It is really hard to establish a direct competitor as Askari’s holds a benchmark status in housing projects all over Pakistan. One could argue that, when it comes to housing projects, some competitors by a small margin are Bahria Town Lahore, and Lake City. Otherwise, mostly the market compares Askari with residential areas like DHA,  Model Town, and LHR Cantt.

 

  1. Percentage of Populated Blocks/Areas/Sectors: 100% populated
  2. Bank’s acceptance of Housing Society Property as Collateral: Yes
  3. DC/ FBR Rate: 
 

 

Residential open Plot (per Marla)

Residential SuperStructure (per Sq.ft) 

Commercial open Plot (per Marla)

Commercial Super Structure (per Sq.ft) 

Askari III 

1,330,500 

1,700/-

2,214,800

2,200 

 

 

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

 

Houses

Prices

10 Marla House

4.2 crores to 6 crores

1 Kanal House

7 crores to 15 crores

 

 

  1. Price Model of the last 4 years: 

 

Year

Price (10 Marla House)

2021

2.65 crores

2022

2.86 crores

2023

4.07 crores

2024

6.19 crores

 




  1. Legal Problems - Faced by the Housing Society
    1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions: No
  1. Legal Problems - Faced by Clients of the Housing Society: No
  2. Recent News (Print, Electronic, Social Media) in Favour and Against: No
  3. Other Applicable After-Sale Charges
    1. Monthly and Annual Fees for residents:3,000/- 
    2. Transfer Fees charged by Society: No