{"id":20456,"date":"2016-04-26T18:21:16","date_gmt":"2016-04-26T13:21:16","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=20456"},"modified":"2017-12-11T12:30:21","modified_gmt":"2017-12-11T07:30:21","slug":"management-elections-in-nfc-phase-ii-delayed","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/management-elections-in-nfc-phase-ii-delayed.html","title":{"rendered":"Management elections in NFC Phase II delayed"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/Plots\/Lahore_NFC_2-1101-1.html\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-20457 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/04\/NFC-II.png\" alt=\"NFC-II\" width=\"600\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/04\/NFC-II.png 600w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/04\/NFC-II-300x175.png 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/04\/NFC-II-537x313.png 537w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.zameen.com\/Plots\/Lahore_NFC_2-1101-1.html\">NFC Phase II<\/a> has been catching immense investor attention for the last few months, but the activity will most likely slow down now because the management elections, which were supposed to be held on April 24, have been postposed once again. A party to the elections has taken a stay from the court and the court hearing in this regard is due on May 11.<\/p>\n<p>According to a society official, there are three groups fighting each other to take charge of the management and this clash between the groups is delaying the project.<\/p>\n<p>The society official also said that no development is being carried out in Phase II, however, full-fledged development work will be started once management committee has been elected. Furthermore, the official did\u00a0not give any date for possession handover in the phase.<\/p>\n<p>Asked about the development of Lahore Ring Road, the official said that the LRR route would disturb some area of Block A only and assured us that the society has alternate plots to compensate affectees.<\/p>\n<p>According to Shafqat Basheer of Green City Estates, plot owners are now willing to sell their properties in the locality, but buyers are scarce in number.<\/p>\n<p>Please see the table below to have an idea of current value of plots in NFC Phase II:<\/p>\n<table class=\"post-tbl-cust\" width=\"586\">\n<tbody>\n<tr>\n<td width=\"312\"><strong>Plot Category<\/strong><\/td>\n<td width=\"312\"><strong>Market Price<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\">5 Marla (Residential)<\/td>\n<td width=\"312\">PKR 1500,000 to PKR 2,300,000<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">10 Marla (Residential)<\/td>\n<td width=\"312\">PKR 2,300,000 to PKR 3,200,000<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">1 Kanal (Residential)<\/td>\n<td width=\"312\">PKR 3,000,000 to PKR 4,500,000<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">4 Marla (commercial)<\/td>\n<td width=\"312\">PKR 6,500,000 to PKR 7,000,000<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">6 Marla (Commercial)<\/td>\n<td width=\"312\">PKR 11,500,000 to PKR 12,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Where is the project headed?<\/strong><\/p>\n<p>The project is headed nowhere in the near future, but this does not mean it has lost its investment potential. However, anyone willing to invest in the society should bear in mind that their plot values will mature in the long term.<\/p>\n<p>I would suggest investors adopt a wait-and-see policy until May 11 and take any investment decision after this date. I hope the management-related issues will be resolved soon.<\/p>\n<p>That\u2019s all about NFC Phase II for the day. If you would like to add to the information I have provided in this post, please feel free to do so in the comments section below. I wish all investors and prospective owners of NFC Phase II the very best of luck.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NFC Phase II has been catching immense investor attention for the last few months, but the activity will most likely slow down now because the management elections, which were supposed to be held on April 24, have been postposed once again. A party to the elections has taken a stay from the court and the court hearing in this regard is due on May 11. According to a society official, there are three groups fighting each other to take charge of the management and this clash between the groups is delaying the project. The society official also said that no development is being carried out in Phase II, however, full-fledged development work will be started once management committee has been elected. Furthermore, the official did\u00a0not give any date for possession handover in the phase. Asked about the development of Lahore Ring Road, the official said that the LRR route would disturb some area of Block A only and assured us that the society has alternate plots to compensate affectees. According to Shafqat Basheer of Green City Estates, plot owners are now willing to sell their properties in the locality, but buyers are scarce in number. Please see the table below&hellip;<\/p>\n","protected":false},"author":14,"featured_media":20457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"persona":[],"class_list":["post-20456","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Management elections in NFC Phase II delayed - Zameen News<\/title>\n<meta name=\"description\" content=\"NFC Phase II has been catching immense investor attention for the last few months, but the activity will most likely slow down now because the management\" \/>\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\/management-elections-in-nfc-phase-ii-delayed.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Management elections in NFC Phase II delayed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"NFC Phase II has been catching immense investor attention for the last few months, but the activity will most likely slow down now because the management\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/management-elections-in-nfc-phase-ii-delayed.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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