State Life Insurance Employees Co-operative Housing Society Ltd recently provided an option to allottees of 1-kanal plots in Phase II to get 10-marla plots in Phase I instead. However, this option was not provided to 5- and 10-marla plot holders in Phase II.
On March 1, 2016, the management will ballot these 642 alternate plots in Phase I. Letters have been sent to the allottees to invite them to the balloting ceremony, which will be held at the central park of the society at 1:00pm.
New plots will be allotted in an area adjacent to Phase I’s Block G. However, no dates have been revealed just yet about the handover of possession for these plots.
The society has offered alternate plots in Phase I so that people can build their houses earlier because there are no traces of development in Phase II in the current scenario.
If you were not able to apply for alternate plots in Phase I, you are too late now. Some other option may be given in the future, but nothing can be said for sure.
Price comparison
The prices of plots in State Life’s Phase II are quite low compared to the property values in Phase I. Please see the table below to have an idea of prices in both phases:
| Plot Category | Market Prices in Phase I | Market Prices in Phase II |
| 5 Marla | PKR 2,800,000 to PKR 5,800,000 | PKR 1,300,000 to PKR 1,450,000 |
| 10 Marla | PKR 6,000,000 to PKR 8,800,000 | PKR 1,600,000 to PKR 1,950,000 |
| 1 Kanal | PKR 7,500,000 to PKR 13,500,000 | PKR 2,650,000 to PKR 3,000,000 |
As you can see, there is a huge difference between the market values of 10-marla plots in Phase I and 1-kanal plots in Phase II. As mentioned earlier, alternate plots will be offered in an area located adjacent to Block G, where the approximate value of a 10-marla plot is PKR 6,000,000. This means for giving up a property worth PKR 2,650,000 to PKR 3,000,000 in Phase II, you will get a property that’s worth almost twice as much.
So, once again, those who availed the option have made the right decision, while those of who you didn’t should wait until State Life brings forth a similar plan.
Congratulations, in advance, to those who will have a balloted 10-marla plot on March 1. At the same time, I hope that State Life does not impose any development charges.
That’s all I have to share about State Life and the allotment of alternate plots. If you have any queries in mind, please feel free to converse with me in the comments section below.
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Dear Zain,
I have see your article and would like to add some more information.
STL management will imposed development charges which are Rs. 1000000 and have to pay in two years .
You also have to pay Rs. 100000 in March against each plot and rest of amount in two years installment.
New MAP came but society will disclosed on the day of bollating.
Minimum price will be RS. 45000000 lak according to the dellers.
Please contact with closed person who works in STL.
Thanks
Aadil
Thank you so much Aadil for adding to the information.
@zain Please zain discuss this as one as well as stated below:
Zohaib Ali
February 29, 2016 at 12:49 am
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
http:// www. lahorepakistan. net/gemaps/
I have observed from the map issued by LRE of F block DHA phase 9 prism, which is situated at Block EE of SL2 (please see attachment). please explain the real picture to the investors of F block of Dha Prism 9, as it seems that the said land is owned by state life phase 2.
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
What should owner of 10 marla plots of phase 2 should do? Do we also have to apply for alternate plots? As you mentioned that who didn’t apply is already late now? Who should we contact at state life office regarding the plot.
Dear Mrs Khan,
Please this option is not available for 10-marla plot holders for now. If I get to know about any option , I will update you InshaALLAH.
Regards,
zain Nadeem
@Zain. You mentioned the the location of the plots near block G. Was this officially confirmed by State Life or was it based on your sources? Thanks
I usually get information from different sources. So it’s difficult for me to unveil these sources. I hope you understand.
Regards,
zain Nadeem
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
http:// www. lahorepakistan. net/gemaps/
I have observed from the map issued by LRE of F block DHA phase 9 prism, which is situated at Block EE of SL2 (please see attachment). please explain the real picture to the investors of F block of Dha Prism 9, as it seems that the said land is owned by state life phase 2.
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
When the map ll b revealed of these balloted plots?
Maybe at the time of balloting, InshaALLAH.
Regards,
zain Nadeem
Thanks a lot. I hope we get updated beforehand.
I have some more information about it. I will update you soon about it. Stay tuned to Zameen.com Blog.
Regards,
zain Nadeem
Dear Friends,
Map is ready for 10 marla plots which they offered against 1 kanal and they will show on the day of balloting as per the source.
Thanks
Aadil
@Adil can you please discuss this one to me as well as
please check the details are given below :
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
http:// www. lahorepakistan. net/gemaps/
I have observed from the map issued by LRE of F block DHA phase 9 prism, which is situated at Block EE of SL2 (please see attachment). please explain the real picture to the investors of F block of Dha Prism9, as it seems that the said land is owned by state life phase 2.
https:// www. google. com/maps/place/Block+EE+-+state+life+housing+phase+2/ @31.4107775,74.3906248,5628m/data=!3m1!1e3!4m2!3m1!1s0x0:0x43d7e8a2511f496c!6m1!1e1
Dear Zain:
As-Salam-o-Alaykum,
I’m holder of 1 Kanal plot No. 642 AA in SLIC Phase II; however, did not receive any such option. Why???
Regards,
Abdul Wahid
Why didn’t you apply for an alternate plot in State Life I?
I did not know of any such option.
you should Consult with your real estate agent.
Dear Zohaib,
STL phase 2 map is not final one even its not approved so once they start work they will bring final map which will be similar to the existing one with couple of changes as they are going to move some plots in phase 1 and the balloting is going to held today at 1pm.
Thanks
Aadil
Aadil bhai,
Thank you for sharing the information with me.
Dear Zain,
Please update about todays balloting, hi-res map, development charges details and starting price of 10 marla in J and G block which they offered against one kanal.
Thanks
Aadil
Aadil Bhai,
Please read the following blog post:
http://www.zameen.com/blog/state-life-ballots-alternate-plots-in-phase-i.html
Regards,
zain Nadeem
Today there was ballot day of Conversion plots.
Kindly tell us that did they disclose the map or not?
If they did not do,then when is it expected?
I do have some information about it. I will share it with readers shortly. Stay tuned.
Regards,
zain Nadeem
@ Zain,
Your efforts are appreciated. As you can see many people, including myself eagerly await your info on this plot conversion.
Regards
Tausif
Dear Tausif Bhai,
Please read the following blog post:
http://www.zameen.com/blog/state-life-ballots-alternate-plots-in-phase-i.html
Regards,
zain Nadeem
I heard that map ll come after one week.
I already have a copy of the map. Do you need it?
Dear Zain
I never got any intimation regarding above adjustments from SLCHC. I own a Kanal plot there. Though I agree that I’m too late now but can you guide me whom can I contact in Society office?
Aoa Col Mazhar,
You can reach State Life at +92 42 35921402. However, as per my information is concerned, the society management will some other plan to compensate the remaining allottees. However, the official announcement in this regard will clarify the situation.
Rest ALLAH knows better.
For further queries, you can contact me at zain.nadeem@zameen.com
Regards,
zain Nadeem
In my opinion state life housing society phase will convert in phase one. just wait and see.
Dear Zain
It’s been almost 6 months that you updated on status of State Life Phase 2. Is there any update on development or merger?
regards,
Nabeel Wyne
I have 10 marla plot in Block EE, is it any of any concern to be relocated by SLHS as I just read phase 9 F block is overlapping with EE oh SLHS phase 2.Regards Tayyab