Housing Society Report

Dream Gardens

Report Summary

Dream Gardens is an approved private housing society situated on Defence Road in Lahore. It is a gated community with a single-entry point. The society is fully approved by the LDA, with Phase 1 and 2 fully developed and Phase 2 extension under development. Civic facilities such as shopping, schools (PAK-TURK), and banks are available. Property transfer requires obtaining an NDC from the society office and completing the process at the head office. The primary selling mechanism includes files and resale of on-ground plots with or without possession. The transfer fee for a 5 Marla plot is PKR 75,000/-19. Properties in Dream Gardens are accepted as collateral by all banks. The DC/FBR rate for residential and commercial units is PKR 488,230/-. The cash rate for a 5 Marla plot ranges from 95 lacs to 140 lacs.

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. Name: Dream Gardens 
2. Address: Dream Gardens, Defence Road, Lahore, Pakistan
3. Tel No.s:  +92-42-111-463-111
4. Landline: +92-42-111-463-111
5. Cellphones: (+92 42) 3532 3516-8
6. WhatsApp: N/a
7. URL: https://izharmonnoo.com/
8. Email: info@izharmonnoo.com
9. Google Coordinates: https://maps.app.goo.gl/12H3U8rG3Ppc4afm6
10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Private 
11. Supervising Authority (if any): Lahore Development Authority
12. Status of Approval (Approved vs Unapproved vs Partially Approved): Approved 
13. Total Area (and Approved Area vs Unapproved Area percentage): 100%
14. Maps (Society vs Approved)

Society Map

 

Approved Maps: 

Phase 1: 

Phase 2:

Phase 2 extension: 

15. Gated Community Status: Yes
16. Housing Society USP: Nearest to Comsat University

 

1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Private Ltd
2. System of Election: No
3. Date of Incorporation: September 2011
4. Date of Initial Launching of the Housing Society:         September 2011

 

1. Address: Dream Gardens, Defence Road, Lahore, Pakistan
2. Coordinates: https://maps.app.goo.gl/12H3U8rG3Ppc4afm6
3. Overall, Area/Town Name: Mauza Jalyana
4. Approach Road(s): Defence Road
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc): One 
7. Access to Important Roads: Through Defence road
8. Public Transport Access: Available through defence 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 lahore is @ 39.9 kms distance/ Thokar Niaz Baig is @ 14.1 kms distance/ Motorway M2 interchange is @ 31 kms distance. 
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): Sharif medical & dental college is @ 15 kms distance/ General hospital is @ 25.9 kms distance/ Punjab university campus is @ 18.3 kms distance/ University of lahore is @ 5 kms distance.
11. Unique features - location-wise, if any (e.g subcontinent’s first cooperative housing - MODEL TOWN LAHORE, starting point of orange train - PUNJAB UNIVERSITY HOUSING II, converging point of N-5, M-2 and M-11- MOTORWAY CITY, etc): N/a

 

1. Sponsors (Original): Ayub Izhar (Izhar Monnoo Developers)
2. Current Management (Current Owners/Management Committee): Current Owner
3. System of Management (Owner Management, Election, Administrator): Owners Management 
4. Supervising Authority (if any): LDA

 

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

 

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 given
5. Date of Approval: Not given
6. Number of Sectors Approved: All Sectors
7. Any pending issues for approval: No

 

1. Total land: Approved: 2397.82 
2. Total land: Unapproved: None
3. Total Area (Developed vs Undeveloped): Phase 1 & 2 fully developed / phase 2 extension is under-development.
4. Distribution of Area (like)

 

1. Shopping facilities: Available 
2. Schools: PAK-TURK school is operational
3. Banks and other financial services: MCB islamic bank/ Allied Bank
4. Security and Policing: Bobatiyan Police station 
5. Communal Activities (Clubs, Gyms, Libraries etc): No
6. Other Notable Recreational Activities: Children's Park & Miyawaki forest 
7. Public Parks: Available 
8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): No famous brands

 

1. Bus access: Available through defence road
2. Rail Access: None
3. Intra-City Access: Through defence road
4. Inter-City Access: Through defence road
5. Petrol Pumps: Available on defence road in 2 kms radius

 

1. Approach roads: Defence road
2. Electricity: Available 
3. Gas: Available 
4. Water Supply: Available 
5. Internal Roads Condition: Good 
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main boulevard is 150 feet wide, other branching roads are 35 feet & 40 feet
7. Sewerage: Constructed & operational 
8. Rain drainage: No
9. Internet: Yes
10. Security: Available 27/7
11. Cable TV: Yes
12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby) : All available 
13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: Well maintained 

 

1. Plots/Units Developed vs Undeveloped (percentage): 70%/30%
2. Various Plot/Unit Categories (percentage): Not Found

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmark. University of lahore

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. What are they Primarily Selling?
   1. Files: Yes
   2. On-Ground Plots only: Available in resale 
   3. On-Ground Plots with Possession : Available in resale
2. Approved/in-house/Authorized Property Dealers : Shah Builders/ Minhas Associates/ Eagle Group
3. Agencies e.g Zameen, Agency 21, Graana: Zameen.com
4. Sale by Housing Society itself: Yes

 

1. Transfer of Ownership Mechanism: Following are the steps to transfer your plot:

• The owner or the seller of the plot has to get an NDC (no demand certificate) form from the society office.
• Fill it up with details, sign & submit it to the one window cell with the following documents:
• NDC form
• Copy of allotment letter or ownership document (file)
• Transfer fee deposit slip (Transfer fee for 5 Marla plot is Rs. 75,000/-)
• Collect the NDC within the given time from the society office & set the transfer time. 

2. Registry of Properties allowed: Yes
3. Property sold on an Allotment Letter: Yes
4. Where does the Transfer take place: Society head office located in phase 1.
5. Rate of Plot Transfer: 15,000/- per marla

 

1. In context Competing Housing Projects (different from neighboring Housing Projects): Etihad town phase 1/ Lake city

 

 

 

	Residential open Plot (per Marla)	Residential SuperStructure (per Sq.ft)	Commercial open Plot (per Marla)	Commercial Super Structure (per Sq.ft)
Dream Garden (Fateh Singh Wala)	480,600	1,800	937,100	2,200

 

 

Unit	Prices
5 Marla	95 lacs to 140 lacs
10 Marla	1.50 crores to 2.3 crores

 

 

Year	Installment Rate	Cash Rate
2020	-	50 lacs to 65 lacs
2021	-	-
2022		70 lacs to 90 lacs
2023	95 lacs Phase 2 extension	Rs. 95 lacs to 130 lacs
2024	95 lacs Phase 2 extension	Rs. 10 million to 10.4 million

 

 

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: Not found

12. Other Applicable After-Sale Charges

1. Monthly and Annual Fees for residents (if any): 3,000/- for 5 marla
2. Transfer Fees charged by Society: 15,000/- per marla