Located in the outskirts of Lahore, NFC Phase II has provided ample investment opportunities over the years. The opportunities are still there, as development work is yet to be completed in the locality, and property prices will most likely increase after the completion of the development work as well as handover of possession. However, the development work will probably be completed once the issues related to the administration of the society are resolved.
According to Mr Nazakat Ali of Farooqi Estate, there existed some issues among the people working in the management of the society, and the matter was also taken to court, after which it was decided that new people would be elected to build up a new management team. He also said even society members could take part in the new elections, the date for which had not been announced yet.
But these problems have not affected the society as such. People are still investing and looking forward to bagging good returns in future.
Before going into details of property prices in NFC Phase II, I would like to tell you that Lahore Ring Road is unlikely to impact the society. Even if it happens, only a few plots in Block A will be affected, and the chances of even that happening are very low. In that case, the government will compensate those who are affected. However, the compensation will be at the deputy-commissioner (DC) rate, which is Rs 120,000 per marla in NFC Phase II, according to a source.
Development
As stated earlier, development work is yet to be completed in NFC Phase II. According to Mr Ali, only main roads have been developed so far and plot demarcations are yet to be done. However, the society already has the approvals required to supply electricity, water and gas to future residents. It must be noted that possession has been handed over in the commercial area located near the entrance of the society.
Prices*
The prices in the locality are fairly affordable, especially compared to those in the housing societies located in the vicinity of NFC Phase II. Please see the table below to get an idea of the price ranges for various categories of plots in NFC Phase II:
| Plot Categories | 5 Marla | 10 Marla | 1 Kanal |
| Price Range | Rs 1,150,000 to Rs 1,650,000 | Rs 1,700,000 to Rs 2,450,000 | Rs 2,500,000 to Rs 4,000,000 |
*The prices vary according to the location. Plots located near Multan Road and also on wider roads in the locality have higher values, compared to the plots located far from the society’s entrance and also on narrow roads.
According to the property price data maintained by Zameen.com, the average sale price of 5-malra plots in neighbouring Bahria Town is Rs 3,647,966 as of August 2015. So, the investors should expect to see a healthy property price rise in NFC Phase II once the development is complete.
That’s all about NFC Phase II for the day. If you still have any queries in mind, please feel free to have a discussion with me in the comments section below.
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Zain,
Next time please don’t take interview of property dealer alone, try to have feedback from developer. Dealers will sell the coal at the price of gold, therefore let’s start shifting focus towards developer.
Let us have feedback what is the response of NFC , BAHRIA AND DHA management on their respective projects.
Hope to have more constructive news from you.
Dear Rajab,
Thank you for your feedback. I always to reach many sources to develop a piece, but sometimes it gets difficult to contact the developers. Furthermore, the developers will never talk against their projects.
I try my best to gather as much information as I can. Please stay tuned to Zameen.com for further updates on property market.
Regards,
zain Nadeem
Thanks for review of NFC phase 2. It would be good if prices of last six month is shown which i believe will show the decline. Honestly this society will take too much time for development. I have met with a dealer in NFC 2. He was saying that he has no hope for development of this society. Please note that 10 years have been passed.
Recently i visited the society and it was very disappointing for me that after 2-3 years only 100 and 80 feet roads are developed which are also damaged now. No other development is in progress. Only improvement (which is not done by NFC 2) is the road of canal.
Honestly if society still completes all development in this year (which is impossible) then a person can think to live there in next 3-5 years.
Thank you for your feedback Babar Bhai.
Regards,
zain Nadeem
flop project. i see nfc ii. agar aap is kay carpet road ko scratch karo tu aik inch say bhi kam per mutti aa jati hai. bad development work
Hi,
I would like to know who are the developers of AWT, Sui Gas and NFC?
AWT is a project of Army Welfare Trust and is probably backed by the Army. Sui Gas, as the name indicates, is a project of Sui Gas department and NFC is the project of National Fertilizer Corporation.
Regards,
zain Nadeem
NFC 2 requires a long time investment, but all investors will get guaranteed a good return.
I am also very much disappointed with the development work there, but I believe sooner right people will come on board (NFC 2 MANAGEMENT) and we all see a boom in development and prices. Please don’t loose heart, just wait a couple of more years, there will be progress for sure…
Thank you for your feedback Ahemd. I think the issues related to the management of the society are reasons for delay.
Regards,
zain Nadeem
when socity election will be conduct??????
any hope of development?????????????
when socity election will be conduct??????
any hope of development?????????????
I will confirm it and update you accordingly. Have you invested in NFC Phase II?
Regards,
zain Nadeem
Zain
What u think about the future of NFC Phase 2 ???
and also update the current status of this Society ???
Regards
Assalam o alaikum,
Ali Bhai,
I think the society has a good long-term investment potential. NFC’s main issue is its management. I need to take an update on whether the management elections have been conducted or not.
Do you plan to invest here?
Regards,
zain Nadeem
Hi
Zain can you plz confirm that lahore ring road will effect nfc phase2 and also any news for election and development.
Thanks
Dear Kamran,
Lahore Ring Road will only affect Block A of NFC Phase II if the current plan is implemented. I even talked to a society official about it, who said that affectees would be compensated.
If you tell me your plot number, I can tell you the status of your plot.
You can also email me at zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com
Sir app bta saktey hain k 736 g 1 knal 150 feet road k plot ki is time kia keemat ho gee. Or issay abhi sale kar dena chaheye ya sale kar don?
Sohail bhai,
Sorry for later reply. Do you still own this plot and want me to tell you its status?
Zain bhai
will u plz comments on nfc2 at that situation where society has faces stay order from court?
What will be the future?
Naveed Sb,
NFC Phase II’s situation will remain confusing until the start of development work in the locality. And I think full-fledged development work will only be started after the resolution of issues related to the management of the society.
If you think you can hold your investment for long term, only then you should consider this society.
Rest ALLAH knows better.
Let me know if you need further assistance.
I m going to invest over here…. little confuse but I hv no options. …rest of the plots in other societies are not in my range
.. I m looking for 5 marla.. my range in between 18 t0 20 …. pls Mr Zain.. wat is ur opinion. .??
.
Safia,
You can invest here, but this will be a long term investment and risky too, because the society’ s management-related issues are still unresolved.
You can consider investing in Fazaia Housing Society’s phase II, where 5 marla ranges between 22 lac to 26 lac.
Let me know if you need further assistance. You can email me at zain.nadeem@zameen.com
hello zain
can u comment on prospects in new lahore city adjecent to nfc 2
What would you like to know about New Lahore City?
sir i have a 5 marla plot in there, i would be thankful if you can comment on profit potential of this scheme, particularly in the backdrop of being a neighbour scheme of Bahria and NFC 2.
Hi,
I want to know about NFC phase 2. IS it good for short term investment or what are the other better options ? Kindly guide me.
Hi Zain,
can you confirm that when the development will start in NFC phase 2, I want to invest in money in one canal plot. Can you guide me in this respect. Should I invest in NFC phase 2 or not
Thanks
Noman Khan
when new mangment will start development. in nfc phase-2