I have been keeping you abreast of developments regarding the Lahore Ring Road (LRR) and its effects on Bahria Town Lahore. You can read my previous blog posts on the issue by visiting the following URLs:
1) Malik Riaz, LLR affectees video chat once again
2) Malik Riaz extends support to Bahria Town Lahore affectees
3) Bahria Town Lahore affectees pen letter to Malik Riaz
4) Lahore Ring Road’s effect on Golf View Residencia
Today, I have another brief yet important update to share with you.
Those who will be affected if the LLR does cut through Bahria Town recently met Lahore Ring Road Authority (LRRA) and National Engineering Services Pakistan (Nespak) officials in a bid to find out their plans for the LRR project.
Meeting with the LRRA official
The LRRA official told affectees that the authority has already acquired land up to just half a kilometre away from Bahria Town’s Gold View Residencia. There is a stay on the acquisition of land in Bahria Town right now, and the authority will start acquiring the land in question once the court stay has been vacated, he added.
Meeting with the Nespak official
Affectees asked the Nespak official if the firm has created any feasibility report regarding a different route for the LRR, but received a negative response. Nespak will only calculate the feasibility of an alternative route if the court orders the firm to do so, he said. Otherwise, the previously devised plan will be implemented.
Before the meeting came to an end, the officials also presented documented evidence of all points discussed.
Now, affectees will hold a meeting to decide their next action plan.
If you believed that the LLR route would be changed, this update must have shaken your confidence. However, I still suggest affectees take informed decisions to avoid any untoward circumstances.
As I have no intention to belabour this update, I will wrap the post up here, but not before I wish you the very best of luck. I sincerely hope that Bahria Town addresses this issue – after all, Malik Riaz has already extended his support to affectees and has vowed to stay by their side until this issue is resolved.
And that’s all. Please feel to have further discussions with me in the comments section below.
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Can you tell me the status of sector d block cc plot 130?… is it under LLR plans?
If no then is it good for investment?
Dear Adeel,
Please read the following blog post:
http://www.zameen.com/blog/bahria-town-lahore-affectees-pen-letter-to-malik-riaz.html
In this post, you will find Bahria Town’s map with LRR route marked on it.
I hope it would be helpful.
If you have any further queries, please feel free to contact me.
Regards,
zain Nadeem
Dear Zain,
Thanks for keeping us updated on all the progress. So far as per my analysis punjab govt will complete ring road till Adda plot and the route from Adda plot to Multan road and Multan road to Thokar will be completed in next phase. If you see the RFP(request for proposal) issued by the punjab govt, they are asking for bid to construct 22 km while orignal RFP including bahria was around 33km. This shows that either govt are planning to construct only 2 loops right now and later the rest of the phase of ring road. It is also possible that they’ve not acquired the bids for this specific loop because of stay in the court or might be some political pressure.
If the SL3 gets postponed right now, the chances are it will get completed after 2020 which will be a difficult task itself since we’re not sure about the circumstances govt might face in the next election. so overall i think malik riaz saved the bahria town for now but not sure for how much time. It is possible he might able to do any deal with the govt in that specific time providing some alternate to them. Everything is possible in Pakistan 🙂
I’ve a subsequent question regarding DHA new ballot. Is it a wise decision to apply for new DHA ballot. since the plots are looking overpriced and not sure about the location as well? You already have a full article on this earlier but couldn’t see any of your response from your side in comments section. I am really confused right now should i go for this or not. Waiting for your expert opinion before making any decision.
Thanks
Dear Shahzad,
I think the RFP does not include package III of the ring road because Bahria Town has taken a stay on it. Let’s see how the future unfolds for it in the future.
Answer to your subsequent question: I don’t think the plots being offered on instalments are overpriced.
Prices obviously have a good difference. Let me provide a rough idea:
8 mara difference: 1.5 crores approvx
4 marla commercial: 50 lacs to 75 lacs approx
2 marla sector shops: almost 30 lacs
1 kanal residential: 50 lacs approx
10 marla residential: 30 lacs approx
Rest ALLAH knows better.
Probability of winning the deal is really low.
Regards,
zain Nadeem
Bahria officials im told didnt met with LRR people as they say that money has already been given to the govt and they have taken stay order. Now what is the truth is in between.
Who told you so?
Property dealers who have links to Bahria management.
Zain did u met with affectees or just listened from some one.
What type of documents were presented to them did they see actual map
Pls elaborate more
Dear Zain Nadeem Bhai
Aoa
Thanks for update.
And pray and best wishes for afeectees.Allah wil Help. Keep trust on Allah.
Best Regards
You are welcome brother.
Regards,
zain Nadeem
Dear Zain Nadeem bhai
Aoa
Thanks for sharing latest update.
A big worry is that still BT and Mr Riaz has no Official stance ..or compensation method or anything on this much Imp issue…
And Govt of Punjab hav equal responsilbipty why they dont informed this fraud in written through media and also why govt announced too low Rate ???
And equally responsible is Mr Riaz ..why he sold land of Lrr route inspit that BT and Mr Riaz knew everything ???
IF MR Riaz and Govt hav NO satisfactory compensation package for Affectees they all Answerable to Allah .
Painful and worried time for effectees aprox from last 1 year approx with reason from innocent investors…
Rest upto Allah.
Best wishes and prayers for affectees on this painful time.
Best Regards
Dear Zain
Once again an excellent update.
I am following the post from very beginning, one thing that comes to me as a BIG SURPRISE (I am rather appalled) is the naive approach of the “so called” innocent investors towards this whole issue.
Firstly, most of the effectees are regular investors who not only invests in BT but all across Pakistan in the hope of maximizing profits (Few exceptions are always there). Why are they whining about this issue unnecessarily when every GOOD investor knows that there is always a risk of loss associated with every investment. And if they have placed all of their eggs in the same basket, then GOD HELP OUR COUNTRY!!!
Secondly, whatever the case has been, if the decisions been made (and it has been there for so long that now it seems like a regularity rather than an anomaly) then WHY are they still holding onto these plots. They could have got better prices for these plots a year back than now.
If I am an innocent investor who knows nothing about where to invest and I am more concerned with the fact that I am buying a plot to build a home on, I would not hold disputed plots for so long and would simply sell those out immediately to minimize my losses and move on to a better place where I could live in peace. Being held for so long, the situation has definitely worsen.
Other factors remain the same, I wish the effectees all the best and hope that their investment is reimbursed in full.
Best!
Thank you for your feedback
Zain Sb.
Can you please share reason of price hike in AWT Phase 2 and Lake city these days ?? Also please comment this hike is short term artificial or long term. What you suggest about sale purchase for these schemes in near future.
Thanks and Regards,
Tariq
Dear Tariq,
Lake City has recently launched 5-marla cuttings in M7’s Block C. Secondly, the imminent development of LRR’s interchange at Add Plot near Lake City is another promising factor.
As far as the AWT Phase II is concerned, it will also get some boost because of the LRR, InshaALLAH.
Regards,
zain Nadeem
Dear Zain, Whats is the prospect of IEP engeineering Town since the normal prices of pdeveloped plots are rather cheap as compare to other nearby societies?Is this some orange line is expected to pass through it?
Dear Abuzar,
I am not really updated about the society. So I have to confirm its status.
Regards,
zain Nadeem
Thank you Zain bhai.
AWT phase II , has already some boost these days . Asking prices are higher than last 1-2 months.
Regards,
Tariq
Welcome Tariq Bhai
Do you have any idea what the alternate route could be if the Bahria Town route is altered?
And, don’t you think Chinar Bagh is the best investment option at the moment among AWT and Sui Gas? Keeping in view that Chinar Bagh is apparently safe from any possible LRR route and possession plus LDA approved area? Your opinion please?
Dear Waleed,
One suggestion is that the LRR should pass over the Hudiara Drain, now let’s see what happens in this vein.
Secondly, all the three societies mentioned in your comment have their own pros and cons. How much budget do you have and what are your priorities?
Regards,
zain Nadeem
Budget is 3 to 4 million. But obviously it can increase a bit if a better option comes up.
However, it would be extremely nice of you if you could only briefly share some of the pros and cons of these 3 societies. Well, you can even take Sui Gas 2 out because there’s no possession there. I need to choose between AWT 2 and Chinar Bagh.
P.S., is there even an alien chance that Ring Road might pass through NFC, Sui Gas or Chinar Bagh? Your thoughts?
Dear Waleed,
NFC II will probably be affected by the LRR. The remaining societies you mentioned will remain safe InshaALLAH.
And please tell me one more thing. For how time can you hold your investment? Short term or long term? Please specify number of years.
Regards,
zain Nadeem
Minimum 6 years.
Salam to All,
I am not an expert but a permanent reader of Zameen.com. Here what I think about some of these schemes. DHA has offered plots to to overseas investors as they failed to sell these plots in open market. This could be due to plot locations and high prices. DHA has failed to sell Penta Square Apartments due to their high prices.
Secondly Shahzad saab analysis seem very true as MR will try to save Bahria town at every cost. Moreover, it seems unrealistic to complete Orange Line Project and Ring Road in 2-1/2 years due to finances.
Zain bahi, can I ask you something? Why prices have increased for AWT2 when only few houses are built in society and its development work is very slow? Pls comment
Sui gas , AWT2 and Chinar bagh are better for investment but for living I believe these are long term investments.
Brother,
As per I know AWT II is witnessing good sale-purchase activity these days, which is one the major factors backing price boost here. Secondly, expansion of Raiwind Road is also another factor.
You are right that Chinar Bagh, AWT II and Sui Gas are considerable societies for investment as well as living. Even Fazaia’s Phase I is a good option.
Do you plan to invest? If yes, what are your priorities?
Regards,
zain Nadeem
Zain bhai is Fazaia Phase 2 or Central Park an good? Please comment.
thnx
Both have their own pros and cons. However, I would rate Fazaia over Central Park. But please note that investment in Fazaia Phase II would be for long-term.
Rest ALLAH knows better.
Regards,
zain Nadeem
Dear Zain
Salam
Thanks for your important updates regarding this imp issue.
I see pain and pray in your updates for affectees.
Jaza kaAllah.
Kindly let us know is ther any meeting between affectees and Mr Riaz ?
Is there any offical stance from BT Lahore yet ?
Is there any alternate route which is substiute for BT ?
And if this happend why compensation price tooo low from market rate and if there any efforts from Mr Riaz ??
Any official news from Govt Of Punjab ?
I think in my opnion both
MR Riaz and Govt Of Punjab is responsible with so many factors..
And in last
Kindly guide what action must be taken from affectees Now
With Regards And Thanks
Umair
Umair Bhai,
Affectees and Malik Riaz have had two video conference so far. In both the conferences, Malik Riaz has extended his support to affectees while claiming that he is trying to get the route changed.
At the same time, prices in unaffected blocks of Bahria Town Lahore are rising.
Regards,
zain Nadeem
Thanks Zain Bhai and further looking forward your blogs on this imp problem
Umair Bhai,
Please read the following blog post:
http://www.zameen.com/blog/good-news-for-bahria-town-lahore-members.html
Regards,
zain Nadeem
I have seen letter today that LRR not passing through BAHRI town…..is it correct?
Dear Ali,
I could not confirm the authenticity of the letter. That’s why I will stay silent on it for now.
Regards,
zain Nadeem
There is letter circulating on internet from Bahria Town Lahore that Lahore Ring Road route has been changed and will not go through Bahria Town Lahore. Is there any truth to this rumour or news? Thanks
Junaid bhai,
I also have a copy of that letter, but I could not confirm its authenticity. I will update you as soon as I confirm it.
Regards,
zain Nadeem
Dear Zain Bhai and Respected brothers,
Despite of authencity, can you plz share that letter at zahidrw1@gmail.com.
Zahid Rashid.
Dear Zahid Bhai,
Please wait for a while. I will upload a blog post soon with that letter in it.