There have been a lot of negative comments on chhinar bagh in the past. What is the current status of this housing project, especially 5-marla and 10 marla plots recently put on sale on installments by its management? Would you consider it a safe investment?
Chinnar bagh was launched in early 90s. Small land map was actually approved in 1992 by LDA but after that all added area is most likely still illegal till today. Development is very sub standard. Must visit before buying.
Original name of Chinnar Bagh HS is Greater Lahore Co-operative Housing Society
Basically a ghost town for 15 years with small roads and bad development but now due to Lake City Lahore price rise and Bahria Ochard gains its getting some attention too from very poor /needy people with very low budgets for plots to build a house and from people looking anything in Lahore to book on low monthly installments. Not recommended by Lahore Real Estate on cash or in installments for its clients. We have better safer options for you other than installments where we got nothing safe to suggest
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It has given good returns to investors i personally bought bought on very low investment budget and got almost 100% returns few uears back.
See land value will always be there and then dominio effect from near by socities