Housing Society Report

Intelligence Report on Zaitoon Lifestyle Society, Lahore

 

Report Summary

Zaitoon Lifestyle is a partially approved private housing society located on Jia Bagga Road near the Ring Road Halloki interchange in Lahore. It is a gated community with one entry point. Only Rose Enclave and Tulip Enclave are approved by the LDA. The society is in its early stages of development, with only 10% developed and most civic facilities not yet available. The primary selling mechanism is files, with no on-ground plots available with possession yet. Property transfer involves obtaining an NDC and takes place at the ZAITOON Corporate Office. The transfer fee for a 5 Marla plot is PKR 30,000/-. Banks do not currently accept property in this society as collateral. The DC/FBR rate for residential plots is PKR 220,000/- per Marla. The cash price for a 5 Marla residential plot in 2024 is 54.5 lacs.

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: Zaitoon Lifestyle
2. Address: ZAITOON Corporate Office, Main Boulevard, New Lahore City Phase II, Canal Bank Road, Lahore, Pakistan
3. Tel No.s: 042 111-639-547
4. Landline: 042 111-639-547
5. Cellphones: N/a
6. WhatsApp: N/a
7. URL: https://zaitoon.com.pk/zaitoon-lifestyle/
8. Email: Email: info@zaitoon.com.pk
9. Google Coordinates: https://maps.app.goo.gl/t4GCPPFbBY2wgHEEA
10. Legal Formation (Private, Cooperative, Government, Other Authority etc): Private
11. Supervising Authority (if any): LDA
12. Status of Approval (Approved vs Unapproved vs Partially Approved): Partially Approved
13. Total Area (and Approved Area vs Unapproved Area percentage): 10%/90%
14. Maps (Society vs Approved)

LDA Map

Society Map

15. Gated Community Status: Yes
16. Housing Society USP (if any): 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: 2021
4. Date of Initial Launching of the Housing Society (if available): 2021

 

1. Address: Jia Bagga Road near ring road Halloki interchange
2. Coordinates: https://maps.app.goo.gl/t4GCPPFbBY2wgHEEA
3. Overall Area/Town Name: Jia Bagga
4. Approach Road(s): Jia Bagga Road & ring road halloki interchange
5. Gated Community: Yes
6. Entry Points (Number of Gates and in which Blocks/Sectors etc): One
7. Access to Important Roads: Through Jia Bagga road & Ring road
8. Public Transport Access: Available on Jia Bagga 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 32.1 kms/ Thokar Niaz Baig is located @ 19.7 kms distance /
10. Distances to Important Area Specific Landmarks like Major Schools, Hospitals, Public Parks, Market Areas (if any): General Hospital is located @ 18 kms distance/ Sharif medical & dental college is located @ 14.4 kms 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): No

 

1. Sponsors (Original): Mian Ayaz Anwar and Mian Ijaz Anwar
2. Current Management (Current Owners/Management Committee): Owners management 
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 in archivable data points

 

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: N/a
   4. No Approval: N/a
4. Approval No: LDA/DMP-V 13/9
5. Date of Approval: 18-11-2021
6. Number of Sectors Approved: Rose Enclave / Tulip Enclave 
7. Any pending issues for approval: N/a

 

1. Total land: Approved: 174.3 kanals
2. Total land: Unapproved: Not Found
3. Total Area (Developed vs Undeveloped): 10% / 90%
4. Distribution of Area:

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

 

1. Bus access: Available through jia bagga road
2. Rail Access: Jia Bagga train station is @ 700 metres distance  
3. Intra-City Access: Through ring road halloki interchange & Jia Bagga Road
4. Inter-City Access:  Through ring road halloki interchange & Jia Bagga road
5. Petrol Pump: Available in 2 kms on jia bagga road

 

1. Approach roads: Jia Bagga Road 80 feet wide 
2. Electricity: Yes
3. Gas: No
4. Water Supply: No
5. Internal Roads Condition: Under development
6. Internal Road Size (Various Sizes of Main, Branching, and Internal Roads): Main Boulevard is 150 feet wide & other street roads are 35 feet 
7. Sewerage: Constructed 
8. Rain drainage: No
9. Internet: No
10. Security: Available 
11. Cable TV: No
12. Availability of Schools , Mosques, Hospitals, Shopping Centers, Civic Club(s), Banks (inside and nearby): Available in 5 kms radius  
13. Status of Cleanliness, Greenery Observed and other Roadside Plantations etc: Under construction 

 

1. Plots/Units Developed vs Undeveloped (percentage): 10% / 90%
2. Various Plot/Unit Categories (percentage):?

 

1. In context of Neighboring Housing Projects, General Area Layout, Nearby Landmarks: Ring road halloki interchange/ Jia Bagga dry port

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: No
   3. On-Ground Plots with Possession: No 
2. Approved/in-house/Authorised Property Dealers : Trophy properties/ Arham Associates
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 of file in Zaitoon lifestyle 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. 30,000/-)
• 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: No
4. Where does the Transfer take place: ZAITOON Corporate Office, Main Boulevard, New Lahore City Phase II, Canal Bank Road, Lahore, Pakistan 
5. Rate of Plot Transfer: 30,000/-

1. In context Competing Housing Projects (different from neighbouring Housing Projects): Green Palms

 

 

 

 

 

 

Year	Instalment Rate
2022	3,500,000/- pre launch (cost of land)
2023	4,000,000/- Cost of land
2024	54,50,000/- Cash

 

 

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

 

 

1. Monthly and Annual Fees for residents: No
2. Transfer Fees charged by Society: 30,000/-
3. Other means of earning for Society: New Lahore city