{"id":19472,"date":"2016-03-02T18:11:57","date_gmt":"2016-03-02T13:11:57","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=19472"},"modified":"2017-12-11T12:30:27","modified_gmt":"2017-12-11T07:30:27","slug":"state-life-ballots-alternate-plots-in-phase-i","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/state-life-ballots-alternate-plots-in-phase-i.html","title":{"rendered":"State Life ballots alternate plots in Phase I"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/03\/STate-life-housing-society.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-19473 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/03\/STate-life-housing-society.jpg\" alt=\"STate-life-housing-society\" width=\"600\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/03\/STate-life-housing-society.jpg 600w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/03\/STate-life-housing-society-300x175.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/03\/STate-life-housing-society-537x313.jpg 537w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.zameen.com\/Plots\/Lahore_State_Life_Housing_Society-487-1.html\">State Life Insurance Employees Co-operative Housing Society Ltd<\/a> recently gave allottees of 1-kanal plots in Phase II an option to get 10-marla plots in Phase I instead. Many people expressed interest to avail this option and can read more about it <a href=\"http:\/\/www.zameen.com\/blog\/balloting-of-alternate-plots-in-state-lifes-phase-i.html\">here<\/a>.<\/p>\n<p>Yesterday, the society\u2019s management held a ceremony in Phase I\u2019s central park to ballot these alternate plots. During the ceremony, the management confirmed that these alternate plots would be developed within 18 months, which is great news. However, there is a catch: those who were able to make the cut in balloting will have to pay an additional PKR 800,000 in development charges.<\/p>\n<p>Although this amount is supposed to be paid in instalments, society members who were present at the occasion did not appreciate imposition of these charges, which is logical because each member had to forfeit 10 marlas of land in Phase II to get a smaller alternate plot in Phase I.<\/p>\n<p>During the question-answer session, a member asked: \u201cIf some members fail to pay development charges, how will the society management deal with the issue?\u201d A society official responded that State Life would cancel their allotment.<\/p>\n<p>As discussed before, this option was only given to the owners of 1 kanal-plots in Phase II. However, owners of 5-marla and 10-marla plots shouldn\u2019t despair, as I have heard that State Life will devise some options for them within 3 to 4 months.<\/p>\n<p>Members should note that although they have to pay development charges, they will still benefit. The average sale price of 1-kanal plots in Phase II is PKR 2,650,000 to PKR 3,000,000, while the market value of 10-marla plots in Phase I ranges between PKR 6,000,000 and PKR 8,800,000. Considering these numbers, you can easily assess the current value of the alternate plots balloted yesterday. Though these plots are not developed yet, their market price should be between PKR 5,000,000 and PKR 5,500,000, and this will likely increase as development work progresses.<\/p>\n<p>Furthermore, the area where these alternate plots have been allotted is adjacent to Prism 9. The Defence Housing Authority might provide road access to this region from Prism 9, but the chances of this are highly unlikely.<\/p>\n<p>That\u2019s all I have to say about balloting of alternate plots in Phase I. I congratulate those won the ballot and suggest them pay their instalments on time, so that State Life can complete the project within the stipulated time.<\/p>\n<p>Should you have any queries in mind or want me to get you in touch with some trusted agents dealing in State Life, please feel free to converse with me in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Life Insurance Employees Co-operative Housing Society Ltd recently gave allottees of 1-kanal plots in Phase II an option to get 10-marla plots in Phase I instead. Many people expressed interest to avail this option and can read more about it here. Yesterday, the society\u2019s management held a ceremony in Phase I\u2019s central park to ballot these alternate plots. During the ceremony, the management confirmed that these alternate plots would be developed within 18 months, which is great news. However, there is a catch: those who were able to make the cut in balloting will have to pay an additional PKR 800,000 in development charges. Although this amount is supposed to be paid in instalments, society members who were present at the occasion did not appreciate imposition of these charges, which is logical because each member had to forfeit 10 marlas of land in Phase II to get a smaller alternate plot in Phase I. During the question-answer session, a member asked: \u201cIf some members fail to pay development charges, how will the society management deal with the issue?\u201d A society official responded that State Life would cancel their allotment. As discussed before, this option was only given to the&hellip;<\/p>\n","protected":false},"author":14,"featured_media":19473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[2832],"persona":[],"class_list":["post-19472","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-balloting-in-state-life"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State Life ballots alternate plots in Phase I - Zameen News<\/title>\n<meta name=\"description\" content=\"State Life Insurance Employees Co-operative Housing Society Ltd recently gave allottees of 1-kanal plots in Phase II an option to get 10-marla plots in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/state-life-ballots-alternate-plots-in-phase-i.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Life ballots alternate plots in Phase I - Zameen News\" \/>\n<meta property=\"og:description\" content=\"State Life Insurance Employees Co-operative Housing Society Ltd recently gave allottees of 1-kanal plots in Phase II an option to get 10-marla plots in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/state-life-ballots-alternate-plots-in-phase-i.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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