Housing Society Report

New Lahore City

Report Summary

This report details New Lahore City, situated on Canal Bank Road in Lahore. This is a private housing scheme and is partially approved, with Phases 1 and 2 approved and Phases 3 and 4 unapproved. While the date of initial launching is not available, the Zaitoon Group is the developer. New Lahore City provides shopping facilities, schools, 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. 50,000 without taxes. Phases 1 and 2 are more than 50% populated, while Phases 3 and 4 are in initial stages. Banks do not accept property in New Lahore City as collateral. The price range for a 5 Marla plot in Phase 2 is 25 lacs - 38 lacs and in Phase 3 is 32 lacs - 45 lacs. There have been recent crackdowns on illegal housing schemes in the city, as reported by NAB. Bahria Town is a neighboring housing project.

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: New Lahore City
2. Address: ZAITOON Corporate Office, Main Boulevard, New Lahore City Phase II, Canal Bank Road, Lahore, Pakistan
3. Tel No.s: 0800-11011
4. Landline: 0800-11011
5. Cellphones: N/a
6. WhatsApp: N/a
7. URL: https://zaitoon.com.pk/new-lahore-city/
8. Email: info@zaitoon.com.pk
9. Google Coordinates: https://maps.app.goo.gl/w1ShPHYcVY4Rn2ww6
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): 50% approved 50% unapproved (Phase 1 & 2 are approved & 3,4 are not approved)
14. Maps (Society vs Approved):

Society Map

LDA Approved Map: 

Note: Phase 1 Map is not given on LDA website but approval is mentioned there. Phase 2 is technically approved. Final approval is pending)

15. Gated Community Status: Yes
16. Housing Society USP: No

 

1. Statutory Formation (Cooperative, Pvt Ltd., Public Ltd., Authority, Others) along with legislation under which formed: Private ltd
2. System of Election (if any): No
3. Date of Incorporation: 1987
4. Date of Initial Launching of the Housing Society: N/a

 

1. Address: ZAITOON Corporate Office, Main Boulevard, New Lahore City Phase II, Canal Bank Road, Lahore, Pakistan
2. Coordinates: https://maps.app.goo.gl/w1ShPHYcVY4Rn2ww6
3. Overall Area/Town Name: Mauza Sultanki lahore
4. Approach Road(s): Constructed & well maintained 
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc) : Two entrances on sundar road & One is on canal road
7. Access to Important Roads: Through sundar road & canal road
8. Public Transport Access: Available through sundar road & canal 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 is @ 48.4 kms of distance/ M2 interchange is @ 19 kms of distance/ Thokar Niaz Baig is @ 20.7 kms of distance
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): Indus hospital is @ 10.6 kms of distance/ Punjab university is @ 26.8 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): Near to NH-5 & M2 interchange 

 

1. Sponsors (Original): Zaitoon Group (Mian Ayaz Anwar and Mian Ijaz Anwar)

Note: (Zaitoon Group & Rafi Group are the developers of the New City. The Zaitoon was founded in 1987 to provide beyond lifestyle excellence. Initially, it was a joint venture between both entities but later on Rafi Group separated itself from the development and selling of plots. Then, the project was taken onwards by Zaitoon and now Zaitoon Group is the only developer of this project)

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 LDA
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:( LDA/DMP (M&E)/590)         (LDA/DMP-1/197
5. Date of Approval: 24-7- 2018
6. Number of Sectors Approved: Phase 1 & 2 only
7. Any pending issues for approval: Not found

 

1. Total land: Approved: 346.9 kanals in Phase 1 & 2054.28 kanals in phase 2
2. Total land: Unapproved: Phase 3 & 4
3. Total Area (Developed vs Undeveloped): All phases are developed 
4. Distribution of Area (like)

 

1. Shopping facilities: Yes
2. Schools: Cornerstone & Dar e Arqam
3. Banks and other financial services: Allied bank, Faisal Bank, J.S Bank
4. Security and Policing: Thokar police station 
5. Communal Activities (Clubs, Gyms, Libraries etc): No
6. Other Notable Recreational Activities: No
7. Public Parks: Yes
8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): Fri-chicks 

 

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

 

1. Approach roads: Constructed & well maintained 
2. Electricity: Available 
3. Gas: No
4. Water Supply: Available 
5. Internal Roads Condition: Well maintained 
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): 150 feet wide main boulevard & other roads are 35 feet 
7. Sewerage: Laid & operational 
8. Rain drainage: No
9. Internet: Yes
10. Security: Available 24/7 
11. Cable TV: Yes
12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby) : All basic but limited amenities 
13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: Average 

 

1. Plots/Units Developed vs Undeveloped (percentage): 80% plots are developed 
2. Various Plot/Unit Categories (percentage): Not Found

 

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Bahria Town

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 : Ahmed estate & builders/ Haram associates and more.
3. Agencies e.g Zameen, Agency 21, Graana: Zamee.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. 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: Yes in phase 1 & 2 only
3. Property sold on an Allotment Letter: Yes
4. Where does the Transfer take place: Society office located within the society premises
5. Rate of Plot Transfer: 50,000/- for 5 marla without taxes

 

1. In context Competing Housing Projects (different from neighboring Housing Projects): Park Avenue / Al-kabir town

 

 

 

	Residential open Plot (per Marla)	Residential SuperStructure (per Sq.ft)	Commercial open Plot (per Marla)	Commercial Super Structure (per Sq.ft)
New Lahore City (Sultankay / Sundar)	430,600	2,000	926,470	2,500

 

 

 

Units	Prices
5 marla	32 lacs - 45 lacs Phase 2 25 lacs - 38 lacs Phase 3
8 Marla	60 lacs- 65 lacs Phase 2 -
10 Marla	70 - 75 lacs Phase 2 50 lacs - 60 lacs Phase 3
1 Kanal	1.2 crores - 1.5 crores Phase 2 1.2 crores - 1.3 crores Phase 3

 

 

 

Year	5 Marla Prices
2020	24.83 lacs
2021	30.5 lacs
2022	39.22 lacs
2023	37.82 lacs
2024	32.3 lacs

 

 

1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions:

 Crackdown on illegal housing schemes

LAHORE: National Accountability Bureau (NAB) Lahore Director General Amjad Majeed Aulakh says that a crackdown has been on illegal housing schemes in the city and adjoining areas.

Source: https://www.dawn.com/news/1836938

 

 

 

 Crackdown on illegal housing schemes

LAHORE: National Accountability Bureau (NAB) Lahore Director General Amjad Majeed Aulakh says that a crackdown has been on illegal housing schemes in the city and adjoining areas.

Source: https://www.dawn.com/news/1836938

 

1. Monthly and Annual Fees for residents (if any) : 1500 for 5 marla house 
2. Transfer Fees charged by Society: 50,000/-
3. Other means of earning for Society: Zaitoon group owns 3 ongoing projects