How many housing societies are there in Lahore

1. How many housing societies are there in Lahore? As per the official stats of the Cooperatives Department Government of Punjab, here is the list of housing societies in Lahore 2021. ● Total Societies in General: 146 ● Functional Housing Societies: 106 ● Non - Functional Housing Societies: 20 ● Under Liquidation: 20 With that, here is the Comparative Table of housing societies in Lahore District listed by the same authority: Description - Plots - Percentage Cooperative Housing Societies - 106809 - 29.5 % Lahore Development Authority (LDA) - 103000 - 28.5 % Housing and Urban Development Department - 4705 - 1.3 % Private Housing Schemes - 138503 - 38.3 % Lahore Improvement Trust (LIT) - 8425 - 2.4 % Total - 361442 - 100% Lahore houses more housing societies compared to any other city in Pakistan. And with every passing day, the number of housing societies is only going up. The core factor behind the great supply of projects of such nature in the market is the increased demand from the masses. Lahore is expanding. Estimates show that with the current growth rate of 3.41% per year, Lahore will be the largest city in the world by 2050 in terms of population. More population means more lodging needs leading to the opportunity window for real estate developers. The city's present population of somewhat more than 7 million people, which is crammed into its 1,772 square kilometers of land. The city has nearly doubled in size in the previous 14 years. Housing societies in Lahore have the most part in this expansion. But unfortunately, the rate of scamming people in the name of housing societies is also increasing in name of housing

2. societies. Most societies aren’t even approved by LDA, running fraudulent practices, and looting people from their money. If you are looking for residential or commercial property in Lahore, here are the things you should check in a housing society to ensure the safety of your investment. NOC Status NOC or No Objection Certificate defines the legitimacy of a housing society. Usually, the tools used by the fraudulent housing societies are eye-catching advertisements, opulent booking offices, and well-educated representatives. Rather than getting impressed by all this, verify permissions and NOC from the appropriate authorities. Housing schemes in Lahore must be registered by the development agency LDA (Lahore Development Authority). But again, there is a point where the aspect of NOC gets a little bit tricky. Not every society with no NOC is illegitimate. Actually, when a soci ety is launched, it must have to apply for its NOC in concerted institutes. But unless the NOC is approved and formal processing is taking place, the society is listed as illegal by LDA and appears under the list of illegal on LDA’s website. But in reality, only those societies are illegal which’s NOC application is either rejected by LDA or they haven’t applied for the NOC at all. Usually, the information about NOC is easily available on the internet, but if you still need credible news, we highly recommend you to reach out for the assistance of some reputed real estate agency. Their representatives have a deep insight into the market and can guide you a lot better than you yourself hunting for the information. Location The value of the plot depends upon the location. Investors or buyers should be very careful about the location of the project before putting even a single penny in a project. If pocket allows, buying property in the developed areas is the best investment, but if not, there are so many prospects in Lahore that are on the road of development and as development is moving forward, prices of the project are also going up. But wherever you are buying a plot make sure the location is actually developed in, the prominent spots of the city are easily accessible. Again, a real estate agency can provide you with good guidance about the location and its future. Credibility of Developers Many developers with no or little competence in the real estate market are duping buyers by luring them into webs of enticing promos and plans that are only on paper attractive. So, while acquiring your ideal house, it is critical to evaluate the developer's reliability. Furthermore, the number of projects performed successfully must be confirmed. Every buyer must research the developer's track record of delivery. On the company's website, a developer bragged about his project's delivery capabilities. Buyers must not actually rely on any of this information and must go beyond it to find credible information. The best way to get the information is by asking the residents of the previous projects by the developer. If the residents are satisfied, that means developers delivered what they promised.

3. Status of development What is the difference between the current progress and the progress when the project was launched is the best indicator to determine whether the developers are delivering what they promised or not. Must go through the basic utilities such as electricity, gas, water, internet, phone, quality roads, hospitals, educational institutes, commercial centers, security, economic opportunities, accessibility et cetera. The proximity of property near retail centers, market areas, schools, universities, parks, hospitals, cinemas, and other prominent landmarks can have a massive impact on the value of real estate. The Best Housing Society in Lahore Considering all the factors, Park View Society Lahore is the best housing society in Lahore. Here are the salient features of the project. Location The main gate of the Park View Society Lahore is located on the main Multan Road, near the Thokar Niaz Baig Interchange. The society's location on the Multan Road allows for rapid access to several areas of Lahore, primarily through the famous GT Road. The Thokar Niaz Baig Interchange, on the other hand, provides inhabitants with a simpler route to the Lahore International Airport, Ring Road, and other districts. In terms of accessibility: ● On Multan Road, adjacent to the National Highway, and only a 9-minute drive from Lahore's Abdul Sattar Edhi Road. ● L-20, Lahore Ring Road is around 18 minutes distant. ● Defence Road is around a 19-minute drive away in Lahore. ● It takes roughly 12 minutes to get on to Raiwind Road. Lahore ● The M-2 highway is all about a 10-minute drive away. NOC Status Despite the fact that this residential property was only recently announced, the Lahore Development Authority (LDA) has granted the Park View Society Lahore a No Objection Certificate (NOC). It is a legitimate project safe for all sorts of investment whether you are looking for real estate as an investment option or as a residential option in Pakistan. Developers Park View Society Lahore was developed by Vision Group. Vision Group is owned by Mr. Aleem Khan, a well-known politician and member of the Pakistan Tehreek-e-Insaf. Furthermore, he is directly managing the Vision Group's housing society projects in Lahore and Islamabad. Above all, this is not the developer's sole project. Park View City Islamabad, Islamabad's largest, most developed, and most luxurious housing society, is the parent project of Park View Society Lahore. The Vision Group accomplished far more than they promised in Islamabad, and the Lahore project is heading the same way. Amenities offered

4. Salient amenities offered to the residents of Park View Society Lahore are: ● The entire neighborhood is fenced to provide optimum security to its members. ● Eco-friendly. Kanals of land allocated to parks and vegetation ● The Grand Jamia Mosque, as well as mosques on each block ● Water reservoirs and filtration plants ● International hospitals and clinics of the highest caliber ● Load shedding is prohibited. ● Centers for the community ● All-in-one commercial area and educational complex ● CCTV cameras and other forms of surveillance are available 24 hours a day, seven days a week ● underground wiring ● Sewage and garbage disposal ● Indoor and outdoor sports facilities will be available at this sports center. FINAL WORDS If one compares the list of housing societies in Lahore 2021, Lahore has the most housing societies in Pakistan compared to any other city. But with so many options, the spam ratio is also so high. So if you are exploring real estate options in the city, we highly recommend getting help from a reputed and credible real estate agency.