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 not 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 to have an idea of current value of plots in NFC Phase II:
| Plot Category | Market Price |
| 5 Marla (Residential) | PKR 1500,000 to PKR 2,300,000 |
| 10 Marla (Residential) | PKR 2,300,000 to PKR 3,200,000 |
| 1 Kanal (Residential) | PKR 3,000,000 to PKR 4,500,000 |
| 4 Marla (commercial) | PKR 6,500,000 to PKR 7,000,000 |
| 6 Marla (Commercial) | PKR 11,500,000 to PKR 12,000,000 |
Where is the project headed?
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.
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.
That’s 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.
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Any update on the start of construction of ring road?
The LRRA is already working on Package 1 and 2 of the LRR.
Oh thanks for sharing. I was wondering because no proper article or news was coming regarding it.
After how many months do you think loop till Gajju Matta Ferozepur road will be completed?
thanks
Do you if any commercial plots are getting effected by LRR in NFC 2
Does prices comes down after the delay of Election ?
last date of hearing in court was 8 june
I have not taken any update on it. Will do so soon, InshaALLAH.
any update of election ? or court hearing news ?
I think it is a plan, delay and delay. The more delay the more prices will remain in control , the more will be sale purchase , the more will be the profit for them.
it’s over 14 years they are sleeping zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
please try to make sure elections of the society because the owners of this socity has suffered much. thanks
Dear Brother Zain Nadeem,
You mentioned in your article that only Few plots in A block will get effected by LRR.
Can you please shed some light about Commercial plots on main boulevard and on back of them. As per LRR map those plots will also gets effected, is there any news from NFC Society about those commercial plots and if those are getting effecting, would the Society also allocate alternate commercial plots to effecties?
Sir Zain…is there any news of elections since stay was vacated on 22 Dec….why is there so much of delay in elections now?