Located on Canal Bank Road, Pakistan Atomic Energy Commission (PAEC) Employees Housing Society is one of the residential projects worth considering in southern Lahore. Why am I labelling it ‘worth considering’? Read on to find out!
The infrastructure in PAEC Employees Housing Society is almost complete and plot owners are now awaiting the possession of their properties, but there is a catch here: there is no electricity just yet.
According to sources, the society’s management recently had a meeting at the project site, during which the newly appointed project director emphasised on the need to expedite the process of making provisions for electricity supply.
Rumours about the handover of possession made rounds even in 2013, but nothing ever materialised. Now, many people are of the view that possession in the society will be granted by the end of 2016. Let’s just hope for the best!
PAEC Employees Housing Society in Lahore features residential plots of 5 marla, 10 marla, 15 marla and 1 kanal. Prices of these plots are rather low compared to other housing societies located in the same neighbourhood.
Please see the table below to have an idea of property values in the locality:
|Plot Type||Market Value|
|5 Marla||PKR 2,000,000 to PKR 2,500,000|
|10 Marla||PKR 3,000,000 to PKR 3,400,000|
|15 Marla||PKR 5,000,000 to PKR 5,500,000|
|20 Marla||PKR 6,500,000 to PKR 8,000,000|
Sukh Chayn Gardens is located next to this society. According to Zameen.com’s property price stats, the average values of 10-marla and 1-kanal plots, as of March 2016, in Sukh Chayn Gardens stand at PKR 7,250,000 and PKR 11,782,692 respectively.
This must give you a fair idea of the room for price growth in PAEC Employees Housing Society, Lahore.
PAEC Employees Housing Society, Rawat
PAEC Foundation Housing Society, Rawat is a failed project with no scope for investment. Investors usually compare PAEC’s project in Lahore to the one in Rawat before making an investment decision, which is irrational because both projects have completely different prospects.
Should you invest in PAEC Employees Housing Society, Lahore?
Despite all the delays in possession handover and the unavailability of electricity, the prices of plots in the locality have continuously been rising for the last few months. Once provisions are made for electricity, the project will see a sudden jump in property values.
From where I see it, you should consider this project for investment in the short term. If you want me to get you in touch with a trusted agent dealing in the society, just let me know. However, make sure you visit the society or the plot you are interested in before finalising any deal.
If you have further queries, we can continue our discussion in the comments section below.