Housing Society Report

PCSIR Phase II

Report Summary

PCSIR Phase II is a cooperative housing scheme supervised by the LDA. It was incorporated and launched in 2004 and has an approved area of 1216.36 Kanal with 90% of the area developed. It is a gated community located near UCP on Shahrah Nazaria Pakistan offering proximity to educational institutions and commercial hubs. Civic facilities include a commercial area, nearby schools like the University of Central Punjab and Pak Turk School a UBL Bank, 24/7 security35, a community club, and the PCSIR Community Park. The main boulevard is 80 feet wide, and internal roads are 35 feet wide. The transfer takes place at the PCSIR Phase II Society Office. The price range is provided in detail.

 

1.     Basic Information and Overview
  1. Name: PCSIR Phase II
  2. Address: Shahrah Nazaria Pakistan Near UCP, Lahore.
  3. Tel No: 042-35316341
  4. Landline: 042-35316341
  5. Cellphones: N/A
  6. WhatsApp: N/A
  7. URL: https://wall.pk/pcsir-phase-2-lahore-single-society-600.aspx
  8. Email: llcpcsir@gmail.com. 
  9. Google Coordinates: https://emap.pk/pcsir-housing-society-phase-2-lahore-map
  10. Legal Formation: Cooperative Housing Scheme
  11. Supervising Authority: Lahore Development Authority
  12. Status of Approval: LDA Approved
  13. Total Area : 1261.36Kanal (1261.36 Kanal Approved)
  14. Maps (Society vs Approved)

 

Lahore Development Authority

 

Map is not available on site. Status is approved 1216.36Kanal on LDA website

image
 

  1. Gated Community Status: It is a gated community and ensures a high level of protection that matters to the community.
  2. Housing Society USP: Situated at prime location of Nazaria-e-Pakistan and Khayaban-e-Firdousi road. Its location is surrounded by many high standard housing schemes which include Johar Town, Wapda Town. As far as educational institutes are concerned. University of Central Punjab and other educational institutes are existing in close proximity to PCSIR housing society phase 2 Lahore.   
2.     Legal Formation
  1. Statutory Formation: Cooperative
  2. System of Election: No
  3. Date of Incorporation: 2004
  4. Date of Initial Launching of the Housing Society: 2004
3.     Location
  1. Address: Shahrah Nazaria Pakistan near UCP, Lahore.
  2. Coordinates: https://emap.pk/pcsir-housing-society-phase-2-lahore-map
  3. Overall Area/Town Name: Allama Iqbal Town
  4. Approach Road(s): Shahrah Nazaria-e- Pakistan, Khayaban-e-Firdousi road.
  5. Gated Community: Yes
  6. Entry Points: Through Nazaria-e-Pakistan main road.
  7. Access to Important Roads: Shahrah Nazaria-e- Pakistan, Khayaban-e-Firdousi road
  8. Public Transport Access: Available in front of society Shahrah Nazaria-e- Pakistan.
  9. Distances to Major Landmarks of the City: Motorway 4.0Km. Allama Iqbal International Airport Lahore is 35 Kms via Ring road.
  10.  Distances to Important Area Specific Landmarks: LGS 2.0kms, Pak Turk School 1.0km / Shaukat Khanam 800m, Jinnah Hospital 10.0kms / Public parks and commercial areas are 1.0km in radius.
  11. Unique features - location-wise: PCSIR phase 2 is fully developed and situated at prime location walking distance from Emporium and Expo Center; other all kinds of basic amenities are available in 500m radius.
4.     Current Management and/or Sponsors
  1. Sponsors (Original): Management Committee  
  2. Current Management (Current Owners/Management Committee): Management committee.
  3. System of Management (Owner Management, Election, Administrator): Administrator.
  4. Supervising Authority: Management Committee.

 

5.     Recent Pictures

                        image

6.     Date Started and History of Additions/Extensions
  1. Pictures: N/A
  2. Map Comparisons: N/A

 

7.     Approvals Status
  1. Name of the Regulatory Authority of the concerned City: Lahore Development Authority.
  2. Approving Authority: Lahore Development Authority
  3. Approval Status
      1. Full Approval: Yes
      2. Partial Approval: No
      3. Pending Approval: No
      4. No Approval: N/A

       d. Approval No: N/A

 

                  e. Date of Approval: 2004

       f. Number of Sectors Approved: All sector’s Approved

                  g.Any pending issues for approval: No

 

8.     Total Area Distribution
  1. Total land: Approved: 1216.36 Kanal
  2. Total land: Unapproved: Approved    
  3. Total Area (Developed vs Undeveloped): 90% Area is developed
  4. Distribution of Area

image

 

9.     Civic Facilities
    1. Shopping facilities: Commercial area for residence.
    2. Schools:  University of Central Punjab and other educational institutes exist in close immediacy to PCSIR housing society phase 2 Lahore. 

 

    1. Banks and other financial services: UBL Bank
    2. Security and Policing: 24/7 Security.
    3. Communal Activities (Clubs, Gyms, Libraries etc): Community club for residence.
    4. Other Notable Recreational Activities:
    5. Public Parks: PCSIR Community Park.
    6. Famous Brands (e.g. Famous Restaurants, Grocery Stores, and Supermarkets etc): Al-Nakhal 1.0km, Gourmet Restaurant 1.0km, Macdonald 1.0 km, KFC 1.0Km / Al Fatah 2.5km, Al Raheem Store 2.0km & other comprehensive commercial hub is just 1.5km away from PCSIR phase 2 Lahore.  

 

10.  Transport - Intercity and Intracity
    1. Bus access: Local Transport is available.
    2. Rail Access: Orange line station Thokar Niaz Baig in range 4.0km
    3. Intra-City Access: Through Ring Road
    4. Inter-City Access: Raiwind road, College Road, Shahrah Nazaria-e-Pakistan
    5. Petrol Pumps: PSO 500m , Total Pump 500 km, Shell 400m, Attock 1.0km

 

11.  Status of Development and Amenities Offered
    1. Approach roads: Raiwind road, College Road, Shahrah Nazaria-e-Pakistan
    2. Electricity: LESCO
    3. Gas: Yes
    4. Water Supply: Yes
    5. Internal Roads Condition: Well-constructed and maintained
    6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Bulverde 80’ (Feet) and internal roads are 35’ (Feet).
    7. Sewerage: Well Maintained.
    8. Rain drainage: None
    9. Internet: Yes
    10. Security: 24/7
    11. Cable TV: Yes
    12. Availability of Schools, Mosques, Hospitals, Shopping Centers, Civic Club(s), and Banks (inside and nearby): Jamie Masjid AALI in block B/ Other facilities immediately exist at 1.0 - 2.5 km radius.
    13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc.: Well-maintained parks.

 

12.  Total number of Plots/Units and their Categories
    1. Plots/Units Developed vs. Undeveloped (percentage):
    2. Various Plot/Unit Categories (percentage)
13.  Surroundings
    1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Its location is surrounded with many high standard housing schemes which include Johar Town, Wapda Town Phase I & II, Architect society, Atchison society, Iqbal Avenue Phase I & II.
1.     General Selling Mechanism
    1. What are they Primarily Selling?
      1. Files: N/A
      2. On-Ground Plots only: Only on ground plots are available.
      3. On-Ground Plots with Possession: Available
    2. Approved/in-house/Authorized Property Dealers: Essa Athar Properties            
    3. Agencies e.g Zameen, Agency 21, Graana. All Agencies deals
    4. Sale by Housing Society itself: No

 

2.     Plot Ownership Status
    1. Transfer of Ownership Mechanism:

·       Documentation: Sale Deed/Transfer Deed/CNIC Copy/Allotment Letter/NDC/Property tax clearance/ Stamp Duty & CVT/Registration Documents.

·       Registration: Sale Deed/CNIC/Mutation Certificate/NOC/e-Stamp Paper Challan.

·       Payment of Transfer Fees:. Transfer Fees charged by Society: Transfer fee varies size of plot like 10 marla plot transfer fee is 2, 00,000/- PKR excluding Government taxes. Inclusive Government taxes transfer fee is 10,00,000/-PKR

·       Verification: visit relevant office sub registrar office/patwari/local land revenue office.

 

    1. Registry of Properties allowed: Registry/Allotment         
    2. Property sold on an Allotment Letter:  Yes
    3. Where does the Transfer take place: PCSIR Phase ii Society Office Lahore.
    4. Rate of Plot Transfer: Transfer fee for 10 marla is 10 Lacs including society charges and Government tax (Feb-2024)

 

3.     Competition
    1. In context, Competing Housing Projects (different from neighboring Housing Projects): Johar Town, Architect Society, Gulshan-e-Lahore. 

 

4.     Percentage of Populated Blocks/Areas/Sectors: It is fully developed and each block is populated around 90%.
5.     Bank’s acceptance of Housing Society Property as Collateral: Accepted by all Banks.

 

 

 

 

6.     DC/ FBR Rates:

Society

Residential

Commercial

Residential open Plot (per Marla)

Residential SuperStructure (per Sq. ft.)

Commercial open Plot (per Marla)

Commercial Super Structure (per Sq. ft.)

PCSIR Society Phase II Lahore

1,385,600

2,000

3,095,580

2,500

Source: https://fbr.gov.pk/propertyValuation/17066

 

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

 

Residential Plot

Plot Price

5 Marla

1.55 Cr

10 Marla

2.9 Cr

1 Kanal

4.55 – 5.0Cr

 

8.     Price Model of the last 5 years (if available)

Year

10 Marla Plot Price

2020

1.29Cr

2021

1.32Cr

2022

1.33Cr

2023

1.53Cr

2024

2.02Cr

 

 

9.     Legal Problems - Faced by the Housing Society
    1. Any Actions (in Favor or against) taken by Governmental Agencies and Financial Institutions. No action against society.
10.  Legal Problems - Faced by Clients of the Housing Society: No

 

11.  Recent News (Print, Electronic, Social Media) in Favor and Against: N/A

 

12.  Other Applicable After-Sale Charges
    1. Monthly and Annual Fees for residents: Monthly charges in terms of utilities is very nominal @ Rs.350/-, there is no annual fee.
    2. Transfer Fees charged by Society: Transfer fee varies size of plot like 10 marla plot transfer fee is 2, 00,000/- excluding Government taxes.