Housing Society Report

IZMIR TOWN

Report Summary

This report summarizes Izmir Town, located on Canal Road in Lahore. It is a private cooperative housing scheme fully approved by the LDA. While the exact date of incorporation is not found, the society offers amenities like shopping facilities, schools (LGS), banks, and 24/7 security. Plot transfers require an NDC from the society office, and the transfer fee for a 5 Marla plot is Rs. 3.5 lacs with taxes. Izmir Town is reported to be 90% populated. Banks do accept property in Izmir Town as collateral. The price range for a 5 Marla plot is PKR 1.3 crore – 1.6 Crore. Neighboring housing projects include Sukh Chayn and DHA EME.

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: Izmir Town
2. Address: Canal road lahore
3. Tel No.s: Not found 
4. Landline: Not found
5. Cellphones: Not found
6. WhatsApp: Not found
7. URL: No website available 
8. Email: Not found
9. Google Coordinates: https://maps.app.goo.gl/LUmRbF9xND3ZULKP7
10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Private 
11. Supervising Authority (if any): LDA
12. Status of Approval (Approved vs Unapproved vs Partially Approved): Fully Approved
13. Total Area (and Approved Area vs Unapproved Area percentage): Approximately 4700 kanals & 100% approved by LDA.
14. Maps (Society vs Approved):

Society Map

Approved Map: New updated map is not found on LDA website, Information about approval is given on website like area of approval etc. According to the information on LDA’s website Izmir town is approved in two sections phase 1 & 2. 

15. Gated Community Status: Yes
16. Housing Society USP (if any): No

 

1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Cooperative housing scheme
2. System of Election (if any): Yes
3. Date of Incorporation: Not Found
4. Date of Initial Launching of the Housing Society (if available): N/a

 

1. Address: Izmir town canal road lahore
2. Coordinates: https://maps.app.goo.gl/LUmRbF9xND3ZULKP7
3. Overall Area/Town Name: Mohlanwal
4. Approach Road(s): Canal Road/Multan road/ defence road
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc) : Two (Mian gate on canal Road & other gate opens in jubilee town)
7. Access to Important Roads: Through canal road & defence road
8. Public Transport Access: Available 
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 @ 33.4 kms of distance/ Motorway M2 interchange is @ 7.7 kms of distance/ Thokar Niaz Baig is @ 9.5 kms of distance
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): Indus hospital is @ 4.4 kms of distance/ University of punjab is @ 16 kms of 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): No

 

1. Sponsors (Original): Pakistan Expatriates cooperative housing scheme (PECHS)
2. Current Management (Current Owners/Management Committee): Management committee
3. System of Management (Owner Management, Election, Administrator): Elections
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 Lahore
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 Found
5. Date of Approval: Not Found
6. Number of Sectors Approved: A, B, C, D, E, F, G, H, J, K, L, M, N, P, Q, P, P-1, N-1, N-2,
7. Any pending issues for approval: No

 

1. Total land: Approved: 4700.97 Kanals approved
2. Total land: Unapproved: None
3. Total Area (Developed vs Undeveloped): 100% developed
4. Distribution of Area (like): According to LDA bylaws

 

1. Shopping facilities: Available 
2. Schools: LGS Izmir town branch operational 
3. Banks and other financial services: All banks available 
4. Security and Policing: Police station thokar niaz baig
5. Communal Activities (Clubs, Gyms, Libraries etc): Sports ground/ Gyms available 
6. Other Notable Recreational Activities: No
7. Public Parks: Available 
8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): Subway/ Jalal sons

 

1. Bus access: Available through canal road & multan road
2. Rail Access: No
3. Intra-City Access: Through canal road multan road
4. Inter-City Access: Through canal road multan road
5. Petrol Pumps: Available in 3 kms radius

 

1. Approach roads: Constructed & well maintained
2. Electricity: Available 
3. Gas: Available 
4. Water Supply: Available 
5. Internal Roads Condition: Good quality construction
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): 150 feet main boulevard other branching roads are 40 feet
7. Sewerage: Laid & operational 
8. Rain drainage: Operational 
9. Internet: Available 
10. Security: Available 27/7
11. Cable TV: Available 
12. Availability of Schools, Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby): All amenities available 
13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: lush green

 

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

 

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Sukh Chayn/ DHA EME

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: No
   2. On-Ground Plots only: Yes
   3. On-Ground Plots with Possession: Yes 
2. Approved/in-house/Authorized Property Dealers: Hamza Marketing/ Mukhtar Estate
3. Agencies e.g. Zameen, Agency 21, Graana: Zameen.com
4. Sale by Housing Society itself: No

 

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. This form is free of cost.
• 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. 3.5 lacs with taxes)

2. Registry of Properties allowed: Yes
3. Property sold on an Allotment Letter: Yes
4. Where does the Transfer take place: Society office within the society premises
5. Rate of Plot Transfer: 3.5 lacs for 5 Marla with all taxes

 

1. In context Competing Housing Projects (different from neighboring Housing Projects): DHA EME/ Sukh Chayn

 

 

 

	Residential open Plot (per Marla)	Residential Superstructure (per Sq.ft)	Commercial open Plot (per Marla)	Commercial Super Structure (per Sq.ft)
All Societies and Town in Mohlanwal	660,600	2,000	1,358,820	2,500

 

 

Area Size	Price Range
5 Marla	PKR 1.3 crore – 1.6 Crore
10 Marla	PKR 2.2 crore – 2.5 Crore
1 Kanal	PKR 2.6 Crore – 4.15 Crore
2 Kanal	PKR 7.5 Crore – 9 Crore

 

 

 

Year	5 Marla Prices
2020	69.39
2021	77.19 lacs
2022	1.03 lacs
2023	1.25 lacs
2024	1.28 lacs

 

 

1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions: None

 

 

 

1. Monthly and Annual Fees for residents (if any) 5,000/- for 5 marla
2. Transfer Fees charged by Society: 3.5 lacs with taxes (5 Marla)
3. Other means of earning for Society: No