{"id":15990,"date":"2015-09-09T12:24:48","date_gmt":"2015-09-09T07:24:48","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=15990"},"modified":"2017-12-11T12:30:38","modified_gmt":"2017-12-11T07:30:38","slug":"looking-to-invest-in-nfc-phase-ii-lahore-read-this","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/looking-to-invest-in-nfc-phase-ii-lahore-read-this.html","title":{"rendered":"Looking to invest in NFC Phase II Lahore? Read this!"},"content":{"rendered":"

\"NFC<\/a><\/p>\n

Located in the outskirts of Lahore, NFC Phase II has provided ample investment opportunities over the years. The opportunities are still there, as development work is yet to be completed in the locality, and property prices will most likely increase after the completion of the development work as well as handover of possession. However, the development work will probably be completed once the issues related to the administration of the society are resolved.<\/p>\n

According to Mr Nazakat Ali of Farooqi Estate, there existed some issues among the people working in the management of the society, and the matter was also taken to court, after which it was decided that new people would be elected to build up a new management team. He also said even society members could take part in the new elections, the date for which had not been announced yet.<\/p>\n

But these problems have not affected the society as such. People are still investing and looking forward to bagging good returns in future.<\/p>\n

Before going into details of property prices in NFC Phase II, I would like to tell you that Lahore Ring Road is unlikely to impact the society. Even if it happens, only a few plots in Block A will be affected, and the chances of even that happening are very low. In that case, the government will compensate those who are affected. However, the compensation will be at the deputy-commissioner (DC) rate, which is Rs 120,000 per marla in NFC Phase II, according to a source.<\/p>\n

Development<\/strong><\/p>\n

As stated earlier, development work is yet to be completed in NFC Phase II. According to Mr Ali, only main roads have been developed so far and plot demarcations are yet to be done. However, the society already has the approvals required to supply electricity, water and gas to future residents. It must be noted that possession has been handed over in the commercial area located near the entrance of the society.<\/p>\n

Prices*<\/strong><\/p>\n

The prices in the locality are fairly affordable, especially compared to those in the housing societies located in the vicinity of NFC Phase II. Please see the table below to get an idea of the price ranges for various categories of plots in NFC Phase II:<\/p>\n\n\n\n\n
Plot Categories<\/strong><\/td>\n5 Marla<\/strong><\/td>\n10 Marla<\/strong><\/td>\n1 Kanal<\/strong><\/td>\n<\/tr>\n
Price Range<\/strong><\/td>\nRs 1,150,000 to Rs 1,650,000<\/td>\nRs 1,700,000 to Rs 2,450,000<\/td>\nRs 2,500,000 to Rs 4,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*The prices vary according to the location. Plots located near Multan Road and also on wider roads in the locality have higher values, compared to the plots located far from the society\u2019s entrance and also on narrow roads.<\/em><\/p>\n

According to the property price data maintained by Zameen.com, the average sale price of 5-malra plots in neighbouring Bahria Town is Rs 3,647,966 as of August 2015. So, the investors should expect to see a healthy property price rise in NFC Phase II once the development is complete.<\/p>\n

That\u2019s all about NFC Phase II for the day. If you still have any queries in mind, please feel free to have a discussion with me in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located in the outskirts of Lahore, NFC Phase II has provided ample investment opportunities over the years. The opportunities are still there, as development work is yet to be completed in the locality, and property prices will most likely increase after the completion of the development work as well as handover of possession. However, the development work will probably be completed once the issues related to the administration of the society are resolved. According to Mr Nazakat Ali of Farooqi Estate, there existed some issues among the people working in the management of the society, and the matter was also taken to court, after which it was decided that new people would be elected to build up a new management team. He also said even society members could take part in the new elections, the date for which had not been announced yet. But these problems have not affected the society as such. People are still investing and looking forward to bagging good returns in future. Before going into details of property prices in NFC Phase II, I would like to tell you that Lahore Ring Road is unlikely to impact the society. Even if it happens, only a few…<\/p>\n","protected":false},"author":14,"featured_media":15992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[1932],"persona":[],"class_list":{"0":"post-15990","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-nfc-phase-ii-news-and-updates"},"acf":[],"yoast_head":"\nLooking to invest in NFC Phase II Lahore? Read this! - Zameen News<\/title>\n<meta name=\"description\" content=\"Located in the outskirts of Lahore, NFC Phase II has provided ample investment opportunities over the years. 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