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+--- Thread: Development Work begin started on the grid station in Sui Gas Housing Scheme Phase II (/showthread.php?tid=19346)
Development Work begin started on the grid station in Sui Gas Housing Scheme Phase II - LRE-Azan - 08-09-2018 06:22 PM
Phase II of the Sui Gas Housing Scheme is not a particularly new project. However, it has not yet reached a state of maturity, so when the Southern loop of the Lahore Ring Road was constructed, it brought significant interest to the housing scheme. In fact, slow-paced as it is, it is finally headed towards maturity as it is expected that over the next year we may see a significant increase in construction of houses and the scheme may finally have its own electricity. Here’s all you need to know about the current situation in the project:
Work has begun on the grid station in Sui Gas Housing Scheme Phase II
Sui Gas Housing Scheme Phase II is significantly developed. It has all the basic amenities, including gas. However, it doesn’t have any electrical connection. That is perhaps the primary factor holding it back – indeed putting the construction of houses on a hold. Things have been moving along on that front – albeit slowly – for quite a while. But now, we can finally see things moving along on-ground.
According to a Source, work on the grid station has begun. A payment of around PKR 250 million has already been made and now the work on the boundary wall has begun. The work is expected to be completed in 12 to 18 months.
What should the buyers consider?
Phase II of Sui Gas Housing Scheme is not for genuine buyers looking construct and live in their houses immediately, at least outside Blocks A and B, where there is no electricity, and possession isn’t available either. If you are looking to construct your house in a couple of years then it may be a good, relatively affordable option for genuine buyers currently since the prices will increase when more houses are constructed, or possession and electricity become available.
The above is also what the investors should consider. If you are looking to invest, you can consider it for medium-term investment. Shahid explained that the prices in surrounding open lands are as high as PKR 4.5 million per kanal. In a developed society such as Phase II of Sui Gas Housing Society, even PKR 6.5 million is not that high in comparison.
Finally, the prices are going to increase significantly over the next two years as the grid is completed and more houses are constructed. So, if you have already invested, you may want to consider holding out for that period and expect high returns as a result.
SUI GAS PHASE 2 LAHORE Block Wise Rate Updates by LAHORE REAL ESTATE for the Month of August 2018
A-Block
1 Kanal= 45 to 70 Lacs
(Prices on 120' road are 82 to 85 Lacs)
2 Kanal= 120 to 160 Lacs
B-Block
1 Kanal= 55 to 70 Lacs
(Prices on 120' road are 82 to 85 Lacs)
2 Kanal = 110 to 160 Lacs
C-Block
1 Kanal= 45 to 68 Lacs
(Prices on 120' road are 80 to 84 Lacs)
D-Block
1 Kanal= 45 to 75 Lacs
(Prices on 120' road are 78 to 84 Lacs)
2 Kanal= 120 to 160 Lacs
E-Block
1 Kanal=45 to 75 Lacs
(Prices on 120' road are 80 to 84 Lacs)
2 Kanal= 120 to 160 Lacs
F-Block
1 Kanal= 50 to 75 Lacs
2 Kanal= 115 to 160 Lacs
G-Block
1 Kanal= 50 to 75 Lacs
2 Kanal= 120 to 160 Lacs
H-Block
1 Kanal = 42 to 55 Lacs
Note:- Possession available in A & B Block .Remaining Blocks Possession Expected in 1 year.
Lahore Real Estate strongly recommends that you buy ready on ground plots and preferably large roads corners or facing parks.
Transfer Cost (Including All Govt.Taxes)
D.C Value = 42 Lacs
1 Kanal Plots =2,70,000/- Approximately
2 Kanal Plots For Filer =6,50,000/- Approximately
2 Kanal Plots For Non Filer =7,75,000/- Approximately
Latest Video For the Month of June 2018
https://www.youtube.com/watch?v=qGd_a2bw8KQ
For Buying & Selling or More Details Contact:
Ch Mujahid Yasin +92-322-4929992
You can reach me at +14086924710 on whatsapp or please use +16308024186 & +923224929992
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MB46 Main Boulevard DHA Lahore Phase 6.
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