Housing Society Report

Royal Residencia

 

Report Summary

This report details Royal Residencia, a private housing scheme on Defence Road, Lahore, incorporated in 1991 and launched in 2012. It is partially approved, with 70% of the area approved. Royal Residencia is a gated community with two entry gates. The Ring Road interchange is about 5 kms away. The LDA is the supervising authority, and Phase 1 is fully developed, while Phase 2 is under development. Approximately 70% of the total area is developed. While it has public parks and nearby access to amenities, shopping facilities and banks are not located within the society. Public transport is available through Defence Road. The society primarily sells files and on-ground plots (resale). Property transfers take place at the head office within the society. Competing projects include Engineers Town. The report provides a price model for 4 Marla plots from 2020 to 2024. Monthly and annual fees for residents are PKR 2,000, and the transfer fee for a 4 Marla residential plot is PKR 100,000. No significant legal problems faced by the society or clients are mentioned in the report.

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: Royal Residencia
2. Address: Royal Residencia Housing Scheme New Defence Road, Lahore, Pakistan.
3. Tel No.s: +92 3 111 222 710
4. Landline: +92 42 111 001 002
5. Cellphones: 0333 3033330
6. WhatsApp: 0333 3033330
7. URL: https://royalresidencia.com/
8. Email: marketing@royalresidencia.com
9. Google Coordinates: https://maps.app.goo.gl/ivsWaxGZeqwNRoEn9
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)70% / 30%
14. Maps (Society vs Approved)

Approved Map

Society Map:

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 limited
2. System of Election (if any): No
3. Date of Incorporation: 1991 Source:https://royalresidencia.com/wp-content/uploads/2016/02/broucher-2.pdf
4. Date of Initial Launching of the Housing Society: 2012

 

1. Address: Royal Residencia 
2. Coordinates:  https://maps.app.goo.gl/ivsWaxGZeqwNRoEn9
3. Overall Area/Town Name: Kaacha
4. Approach Road(s): Defence Road
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc): 2 
7. Access to Important Roads: Through Defence road
8. Public Transport Access: Through Defence 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 @ 5 kms of distance/ Allama Iqbal International airport is @ 27.3 kms of distance/ Thokar Niaz Baig is @ 16.8 kms of distance
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): General Hospital is @ 12.4 kms of distance/ Sharif medical & dental college is @ 16.5 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): None

 

1. Sponsors (Original): Husnain Cotex (Private) Limited (HCL), is a parent company of the group led by Muhammad Yousuf Sheikh.
2. Current Management (Current Owners/Management Committee): CEO Sheikh Ayub 
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: Lahore Development Authority LDA
2. Approving Authority: LDA
3. Approval Status
   1. Full Approval: No
   2. Partial Approval: Yes
   3. Pending Approval: Phase 2
   4. No Approval: N/a
4. Approval No: 
5. Date of Approval
6. Number of Sectors Approved
7. Any pending issues for approval

 

1. Total land: Approved: 1500 Kanals 
2. Total land: Unapproved: Phase 2 ( Approx 1500 kanals as per management claim)
3. Total Area (Developed vs Undeveloped): Phase 1 is fully developed/ Phase 2 in under development 
4. Distribution of Area (like)

1. Shopping facilities: None
2. Schools: LGS Branch under construction 
3. Banks and other financial services: None
4. Security and Policing: Kaacha police station 
5. Communal Activities (Clubs, Gyms, Libraries etc): None
6. Other Notable Recreational Activities: Noe
7. Public Parks: Yes
8. Famous Brands (e.g. Famous Restaurants, Grocery Stores, Supermarkets etc): None

 

1. Bus access: Through defence road
2. Rail Access: No
3. Intra-City Access: Through Defence road & ring road
4. Inter-City Access: Through Defence road & ring road
5. Petrol Pumps: Available in 500 meters radius

 

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

 

1. Plots/Units Developed vs Undeveloped (percentage): 70%/30%
2. Various Plot/Unit Categories (percentage): Not found 

 

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Engineers town/ DHA Rahbar

 

 

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: Yes (resale)
   3. On-Ground Plots with Possession : Yes (resale)
2. Approved/in-house/Authorized Property Dealers : Mayo traders & real estate/ Khurram developers
3. Agencies e.g Zameen, Agency 21, Graana: Zameen.com
4. Sale by Housing Society itself: Yes

 

1. Transfer of Ownership Mechanism:   Following are the steps to transfer your plot or file: 

• 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 4 Marla plot is Rs. 100,000/-)
• Collect the NDC within the given time from the society office & set the transfer time. 

 

2. Registry of Properties allowed: Yes
3. Property sold on an Allotment Letter: Yes
4. Where does the Transfer take place: Head office located within the society
5. Rate of Plot Transfer: 25,000/- per marla

 

1. In context Competing Housing Projects (different from neighboring Housing Projects): Engineers town

 

 

 

6. DC/ FBR Rates: Residential 1411760/- & for Commercial is 1529410/-

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

 

Year	Installment Rate (4 Marla)	Cash Rate  (4 Marla)
2020	-	35- 40 lacs  (Block A,B,C)
2021	35 lacs  (Phase 1 Block E)	-
2022	-	40-50 lacs (Phase1)
2023	-	Up to 65 lacs (Phase1)
2024	42 lacs ( Phase 2)	Rs.44 to 65 lacs (Phase 1)

 

 

 

Years	5 Marla Prices
2020	56 lacs
2021	44.64 lacs
2022	46.35 lacs
2023	59.57 lacs
2024	65.33 lacs

 

 

 

1. Any Actions (in Favour or Against) taken by Governmental Agencies and Financial Institutions: No

 

 

1. Monthly and Annual Fees for residents (if any): 2,000/- 
2. Transfer Fees charged by Society: 100,000/- for 4 marla residential
3. Other means of earning for Society: No