Current Status of Fazaia Housing Scheme Phase II

Pakistan Air Force is not only the defender force of Pakistan, but it also develops modern housing schemes from time to time. In the past few years it has developed many such modern housing societies for its personnel in major cities of Pakistan. Fazaia Housing Scheme Lahore is one of such housing socities.

The responsibility to build and develop Fazaia Housing Scheme Lahore has been assigned to Directorate of Estate Projects. Directorate of Estate Projects has a deep focus on the development of modern housing schemes well equipped with all the latest facilities necessary for everyday life. No doubt, it is an ideal lodging place for those who want to escape from the pollution and noise of infested areas of a busy city.

Location

Fazaia Housing Scheme Lahore is located near the ideal pollution free Sundar Industrial Estate on Jati Umrah Road near Sharif Medical City. Bahria Orchards and Abdalian Housing Scheme Phase II are situated at its neighborhood. Though it is a small society, yet it is larger than its previously developed Phase I of Fazaia Housing Scheme Lahore. Moreover it is surrounded by Lake City, Chinar Forts and Khayaban-e-Ameen

1st Phase is located 12.5 Km away from Thokar NiazBaig, on Main Raiwind Road. The Phase II is just located at a distance of 5 Km away from the first phase. Though there are some genuine concerns for example the neighborhood lacks the organized feeling which arises only from a proper dwelling. It is because many small villages and other such settlements are located here and there. Furthermore, the societies in this locality are also not well inhabited.

Project details

Fazaia Housing Scheme Lahore features four residential blocks. It also has a commercial centre at both its entrances which is a dedicated one. It has the following plot size options:

  •         5-Marla
  •         7-Marla
  •         10-Marla
  •         1-kanal

Due to the credibility tagged with the name of Pakistan Air Force and the satisfaction on development end, Fazaia Housing Scheme Lahore Phase II targets a wide range of buyers from all the aspects of life.

Fazaia Housing Scheme Amenities

The basic amenities and facilities offered at Fazaia Housing Scheme Lahore are as follows:

  •         Jamia Mosque
  •         Commercial Areas
  •         Community center with library
  •         IT center
  •         Banquet Hall
  •         Underground electric system
  •         Lush Green Parks
  •         Boundary Wall
  •         Sewerage & Drainage system

Development status

Unlike Phase which comprised of 4000 Kanal of space, Fazaia Housing Scheme Lahore Phase 2 covers up to 1500 Kanals of space. Development is carried out in Phase 2 whereas possession is available on plots of Phase. As compared to the Phase 1, Phase 2 seems to carry huge potential.

At the moment, roadwork on all streets of the society has been completed. Sewerage lines have also been completely laid. Streets, plot numbers and the areas for parks, masjids, and other public facilities have been successfully marked and identified. We can say that the development tasks at Fazaia Housing Scheme Lahore Phase II are 80% complete.

With accordance to the time frame the authorities have earlier announced the handover of property possession. Though it was delayed in August this year but now it has been planned to take place according to the time frame which is quiet obvious from the pace of the development work.

Price Range for Plots

The price range can be summed as follows:

 

Plot size                        Price range (PKR)

5-Marla                         PKR 2,200,000 – PKR 3,400,000

7-Marla PKR                 2,800,000 -PKR 3,800,000

10-Marla                       PKR 3,500,000 – PKR 4,500,000

1-Kanal                         PKR 6,000,000 – PKR 7,200,000

According to real estate advisors and property experts, once possession process starts, these rates would certainly fluctuate making vast difference for the investors.

If you want our expert piece of advice in this regard and you do own a property in Fazaia Housing Scheme Lahore Phase II, you can sell off your plots after the possession is handed over. This option should only be availed if you cannot wait for long on your investment plan.

If you have any questions regarding Fazaia Housing Scheme Lahore, you are more than welcome to use the comments section below.


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