Housing Society Report

Maryam Town

Intelligence Report on Maryam Town Housing Society

Report Summary

Maryam Town, a project by Al-Kabir Developers, is a partially approved private housing scheme located off Raiwind Road, Lahore. Launched in December 2016, the society is approximately 20% approved and 80% unapproved. While the society is a gated community, it does not have any unique selling points.

The Lahore Development Authority (LDA) is the approving authority, with 115 residential plots approved. The area is under development, with basic amenities like electricity and water available. Civic facilities and recreational activities are limited.

Plots are sold as files, with on-ground plots available only in resale. The transfer of ownership requires an NDC and payment of a transfer fee of Rs. 50,000. Competition comes from nearby housing projects like Kings Town. The society is approximately 1% populated. Banks do not accept its property as collateral. The price range for 3 Marla plots is 28 to 32 lacs, and 5 Marla plots range from 45 to 50 lacs. There are no reported legal issues faced by the society or its clients.

Archivable Data Points:

1. Basic Information and Overview:

1. Name: Maryam Town Housing Scheme (A project of Al-kabir developers)
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/portfolio/maryam-town/
8. Email : info@alkabirdeveloper.com
9. Google Coordinates: https://maps.app.goo.gl/4N3j2GyzTeJeoWa3A
10. Legal Formation: Private Housing Scheme
11. Supervising Authority: LDA
12. Status of Approval: Partially Approved
13. Total Area (and Approved Area vs Unapproved Area percentage) :( 20%/80%)
14. Maps (Society vs Approved): 

 

Society Map:

 

Approved Map by LDA: 

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: A project of Al-kabir developers pvt.ltd
2. System of Election (if any): n/a
3. Date of Incorporation: December 2016
4. Date of Initial Launching of the Housing Society (if available): December 2016

 

3. Location

1. Address: Raiwind Road, Lahore/ Mouza Rakh Judu Dhir
2. Coordinates: https://maps.app.goo.gl/4N3j2GyzTeJeoWa3A
3. Overall Area/Town Name: Maryam 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: 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
10. 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.
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): None

 4. Current Management and/or Sponsors: 

1. Sponsors (Original) : CEO Chaudhry Orangzaib/ Al-Kabir developers pvt ltd
2. Current Management (Current Owners/Management Committee): Al-Kabir Developers pvt ltd 
3. System of Management (Owner Management, Election, Administrator): Owners Management 
4. Supervising Authority (if any): n/a

 

6. Date Started and History of Additions/Extensions:

1. Pictures:
2. Map Comparisons: See above option 

7.Approvals Status

1. Name of the Regulatory Authority of the concerned City: Lahore Development Authority Lahore
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: n/a
6. Number of Sectors Approved: 115 residential plots are approved 
7. Any pending issues for approval: None

8.Total Area Distribution

1. Total land: Approved : 172.85 Kanals
2. Total land: Unapproved: Not Given 
3. Total Area (Developed vs Undeveloped): All area is under development
4. Distribution of Area:

 

9. Civic Facilities

1. Shopping facilities : None
2. Schools: None
3. Banks and other financial services: None
4. Security and Policing: Security is available 
5. Communal Activities (Clubs, Gyms, Libraries etc): None
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: Trough raiwind road
2. Rail Access: None
3. Intra-City Access: Trough raiwind road
4. Inter-City Access: Trough raiwind road
5. Petrol Pumps: Available on raiwind road in 1 km radius.

11. Status of Development and Amenities Offered

1.  Approach roads: Raiwind Road
2. Electricity: Available 
3. Gas: None
4. Water Supply: Available 
5. Internal Roads Condition: Completed roads are new and good quality 
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Boulevard is 150 feet & internal roads are 35 feet 
7. Sewerage: done in initial blocks A & B
8. Rain drainage: None
9. Internet: None
10. Security: Available 
11. Cable TV: None
12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby): Available in nearby societies & on main raiwind road within 5 to 10 kms radius
13.  Status of Cleanliness, Greenery Observed and other Roadside Plantations et: very few as society is in its initial stages of development.

12. Total number of Plots/Units and their Categories

1. Plots/Units Developed vs Undeveloped (percentage): 20%/ 80%
2. Various Plot/Unit Categories (percentage): ?

13. Surroundings

                            a. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Al-raheem garden/ kings town 1 & 2

 

 

 

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

9. What are they Primarily Selling?
   1. Files : Yes
   2. On-Ground Plots only: Available in resale only
   3. On-Ground Plots with Possession: Only in resale 
10. Approved/in-house/Authorised Property Dealers: Property Nama consultants/ Arka consultants, Dreams marketing
11. Agencies e.g Zameen, Agency 21, Graana: Only through zameen.
12. Sale by Housing Society itself: Yes society owns its sales & marketing team.

 

2. Plot Ownership Status 

1. Transfer of Ownership Mechanism:  Following are the steps to transfer your plot of file in private housing schemes in Lahore:

• 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. 50,000)
• Collect the NDC within the given time from the society office & set the transfer time. 

2. Registry of Properties allowed: Registry is allowed 
3. Property sold on an Allotment Letter: Through file system
4. Where does the Transfer take place: Al-Kabir Town Phase I Near BNU, 1 KM Off Raiwind Road, Lahore
5. Rate of Plot Transfer: 50,000/- 

3. Competition

                  a. In context Competing Housing Projects (different from neighbouring Housing Projects): Kings Town phase 1 & 2.

4. Percentage of Populated Blocks/Areas/Sectors: 1% only 

5. Bank’s acceptance of Housing Society Property as Collateral: None

6. 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

 

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

Unit	Price
3 Marla	28 lacs to 32 lacs
5 Marla	45 lacs to 50 lacs

 

8. Price Model of the last 5 years: Not available 

9. Legal Problems - Faced by the Housing Society

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

10. Legal Problems - Faced by Clients of the Housing Society: None

11. Recent News (Print, Electronic, Social Media) in Favour and Against: None

12. Other Applicable After-Sale Charges

1. Monthly and Annual Fees for residents (if any): None
2. Transfer Fees charged by Society: 50,000/- (Can be changed by society at anytime without notice)
3. Other means of earning for Society: None