Housing Society Report

Kings Town Phase 1 & 2

Intelligence Report on Kings Town Phase 1 & 2 Housing Society 

Report Summary

Kings Town is a private housing society near Raiwind Road, Lahore, partially approved by LDA. It covers 30% approved land while development progresses on the remaining area. The gated community offers plot files and competes with neighbouring societies like Al-Kabir Town. Civic facilities are limited, and the society is still in its early stages of development.

Archivable Data Points:

 

1. Basic Information and Overview

    1. Name: Kings Town Phase 1 & 2
    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: None
    6. WhatsApp: None
    7. URL: https://alkabirdeveloper.com/portfolio/kings-town/
    8. Email: info@alkabirdeveloper.com
    9. Google Coordinates: https://maps.app.goo.gl/XuzXM9JEgh4XFwfp7
    10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Private Housing Scheme
    11. Supervising Authority: LDA
    12. Status of Approval (Approved vs Unapproved vs Partially Approved) : Partially approved
    13. Total Area (and Approved Area vs Unapproved Area percentage): 30% / 70%
    14. Maps (Society vs Approved): 

 

Society Map: 

image

 

Approved Map on LDA’s website: 

    1. image

                       Source: https://lda.gop.pk/private_schemes/scheme.php?sc=Mjcw

    1. Gated Community Status : Gated Community
    2. Housing Society USP (if any): None

2. Legal Formation

    1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Private ltd
    2. System of Election (if any): N/a
    3. Date of Incorporation: Nov, 2020, project of Al-kabir Developers
    4. Date of Initial Launching of the Housing Society (if available): Nov, 2020, project of Al-kabir Developers
3. Location 
  1. Address:  Kings Town, Main Raiwind Road Lahore.
  2. Coordinates: https://maps.app.goo.gl/XuzXM9JEgh4XFwfp7
  3. Overall Area/Town Name: Kings Town 
  4. Approach Road(s): Raiwind Road, lahore
  5. Gated Community: Yes
  6. Entry Points (Number of Gates and in which Blocks/Sectors etc): One
  7. Access to Important Roads: Through 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): Ring Road Interchange is 13 kms. Allama Iqbal International Airport Lahore is 43 kms, Thokkar Niaz Baig is 28.1 kms
    1. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): General Hospital Lahore is 28.9 kms. Sharif Medical & dental college is 12.6 km. Beaconhouse National University is 14.6 kms.
    2. 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): None

4. Current Management and/or Sponsors

    1. Sponsors (Original): CEO Chaudhry Orangzaib
    2. Current Management (Current Owners/Management Committee): CEO Chaudhry Orangzaib
    3. System of Management (Owner Management, Election, Administrator): Owners management 
    4. Supervising Authority (if any): None

5. Recent Pictures:

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Images Kings Town Phase 2: 

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6. Date Started and History of Additions/Extensions: 

    1. Pictures:
    2. Map Comparisons: (See archivable 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: No
      2. Partial Approval: Yes
      3. Pending Approval: Yes
      4. No Approval: n/a
    4. Approval No: Not Given
    5. Date of Approval: Not Given
    6. Number of Sectors Approved: 175 Kanals of phase 1 are approved only
    7. Any pending issues for approval: None

8. Total Area Distribution: 

    1. Total land: Approved: 175 Kanals of Phase 1 only
    2. Total land: Unapproved: Not given
    3. Total Area (Developed vs Undeveloped): Not declared by housing scheme
    4. Distribution of Area (like)

image

9. Civic Facilities

    1. Shopping facilities: None
    2. Schools: None
    3. Banks and other financial services: None
    4. Security and Policing: Available 24/7
    5. Communal Activities (Clubs, Gyms, Libraries etc): Not yet
    6. Other Notable Recreational Activities: None
    7. Public Parks: Under-development
    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: No
    3. Intra-City Access: Available through raiwind road
    4. Inter-City Access: Available through raiwind road
    5. Petrol Pumps: Available in 1 km radius

11. Status of Development and Amenities Offered:

    1. Approach roads: Raiwind road, lahore
    2. Electricity: Yes
    3. Gas: No
    4. Water Supply: Yes
    5. Internal Roads Condition: New & well maintained
    6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Boulevard is 150 feet, other internal roads are 35 feet 
    7. Sewerage: Laying off along with the development
    8. Rain drainage: Not Available 
    9. Internet: Not yet
    10. Security: Available 
    11. Cable TV: Not yet
    12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby): Available nearby on raiwind road. 
    13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: Under-development 
12. Total number of Plots/Units and their Categories
    1. Plots/Units Developed vs Undeveloped (percentage): 30% / 70%
    2. Various Plot/Unit Categories (percentage):Not Found

13.Surroundings

    1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Maryam town, Bahria orchard, al-kabir town, chinar bagh, govt.officer cooperative housing society

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: Selling Files
      2. On-Ground Plots only: Available in resale only
      3. On-Ground Plots with Possession: Available in resale only
    2. Approved/in-house/Authorised Property Dealers : Property Nama consultants/ Arka consultants, Dreams marketing
    3. Agencies e.g Zameen, Agency 21, Graana: Mainly working with zameen.com
    4. Sale by Housing Society itself: Owns its sales & marketing team
  1. Plot Ownership Status 
    1. Transfer of Ownership Mechanism: Following are the steps to transfer your plot of file for kings town Lahore:
    1. Registry of Properties allowed: Yes
    2. Property sold on an Allotment Letter: Mainly through file system
    3. Where does the Transfer take place: Al-Kabir Town Phase I Near BNU, 1 KM Off Raiwind Road, Lahore
    4. Rate of Plot Transfer: Transfer fee 50,000/- for 5 marla
  1. Competition
    1. In context Competing Housing Projects (different from neighbouring Housing Projects): Al-kabir town, Dream housing scheme, Maryam town
  1. Percentage of Populated Blocks/Areas/Sectors: 10% houses constructed in phase 1 by developer, not yet populated.
  2. Bank’s acceptance of Housing Society Property as Collateral: Banks only entertain the approved area of pvt housing schemes.
  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

5 Marla

38 lacs to 55 lacs

 

  1. Price Model of the last 5 years: Not Available 
  2. Legal Problems - Faced by the Housing Society
    1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions: None
  1. Legal Problems - Faced by Clients of the Housing Society: None
  2. Recent News (Print, Electronic, Social Media) in Favour and Against: None
  3. Other Applicable After-Sale Charges
    1. Monthly and Annual Fees for residents (if any): Not applicable yet
    2. Transfer Fees charged by Society: 50,000/- for 5 marla
    3. Other means of earning for Society: None