It was just a few days ago that I updated you people on the possible end of National Fertilizer Corporation (NFC) Phase II’s problems. I’m happy to report that an end to the complications is now in sight.
For those that don’t know, NFC Phase II, a project of National Fertilizer Corporation Employees Cooperative Housing Society Ltd, has been stuck in limbo because of management related issues. Recently, a court hearing looked into the matter and gave a verdict that goes in favour of the investors.
The society has been ordered to hold elections and elect a party that can take charge of management related tasks. According to my sources, four different parties were fighting against each other to take over said tasks. One of them had taken a stay order from the court, which resulted in a dreadlock. We can expect big changes for the society now that the court has issued orders to conduct elections.
The new management that will take charge after elections take place is expected to prioritise development work. I have heard that tenders for infrastructure development in the society are ready, which is why I believe that the new management won’t waste time and start development immediately.
Despite the issues it has faced, investors have always sought after this society. According to Zameen.com’s stats, prices of 10-marla plots in the society increased 41.14% in 2016. Similarly, the average price of 1-kanal plots also witnessed an upward push of 60.48%, while 5-marla plots registered an increase of 25%.
Here is the current pricing situation:
| Plot Size | Price Range |
| 5 Marla | PKR 1,600,000 to PKR 2,500,000 |
| 10 Marla | PKR 2,700,000 to PKR 3,500,000 |
| 1 kanal | PKR 4,000,000 to PKR 7,000,000 |
NFC Phase II will also be affected by developments on the Lahore Ring Road (LRR). However, its route will not do much damage to the society, as only a few residential plots in Block A, and commercial plots located at the entrance of the society are expected to fall within the path. In fact, property prices in NFC Phase II will increase after LRR is completed. This is because it will mean better accessibility for the society. It is pertinent to mention here that the government has not yet awarded contracts for these developments to any construction company.
Now investors need to wait for elections to take place. And I hope the date for the elections is announced sooner rather than later. Investors that have been waiting all this time will now finally be able to enjoy the fruits of their patience.
Considering all these factors, I believe this is the right time to invest in NFC’s Phase II. Prices of property in neighbouring societies are quite high, and NFC Phase II will also touch that mark after development work starts.
I hope the court verdict has brought along a sigh of relief for NFC Phase II investors. I would like to know your views about this update. Let me know what you think in the comments section below.
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Thanks Zain,
Is trading taking place now a days in NFC-2 ?
I had the impression; coz of management issues sale/purchase isn’t happening.
Hello Zain,
Thanks for the updates. Is trading taking place now a days in NFC-2 ???
I had the impression; coz of management issues sale/purchase isn’t happening.
Yes, transactions are done regularly on current prevailing market price
Aslamulakem i need in islamabad city plot rang 3000000 to 4000000 with installment
thanx
Will you be interested in apartment(s) rather than a plot in Islamabad, on instalment basis. If yes, than do contact me.
Thanks for sharing the best posts they amazing and very useful to us. You made a good site and giving us such a good information on this topic it’s very interesting one
Yes, Transactions are being done on prevailing market price.
I BELIEVE THE TIME OF INVESTMENTS IN LAND & PROPERTIES IS OVER. AND THOSE WHO BUY FROM INVESTMENT POINT OF VIEW WILL REGRET SOON, HOWEVER IF YOU NEED TO BUILD A HOUSE OR YOU WANT TO LIVE IN A HOUSE IS FINE THAT IS A REQUIREMENT, BUT INVESTMENT ANY WHERE WILL SOON BE OVER DURING 2017. DONT WASTE YOUR MONEY. WORLD AND PAKISTAN ARE GOING TO FACE A NEW SCENARIO INSHALLAH. GOOD LUCK
I BELIEVE THE TIME OF INVESTMENTS IN LAND & PROPERTIES IS OVER. AND THOSE WHO BUY FROM INVESTMENT POINT OF VIEW WILL REGRET SOON, HOWEVER IF YOU NEED TO BUILD A HOUSE OR YOU WANT TO LIVE IN A HOUSE IS FINE THAT IS A REQUIREMENT, BUT INVESTMENT ANY WHERE WILL SOON BE OVER DURING 2017. DONT WASTE YOUR MONEY. WORLD AND PAKISTAN ARE GOING TO FACE A NEW SCENARIO INSHALLAH.GOOD LUCK
Where to Invest: NFC Phase II or AWT Phase II. I have 3 Million Rs.
Expert Opinion required.
Jazāk Allāh
Aslamoalikum
Which society is better for investment NFC Phase II or AWT Phase II.
Expert opinion required
Jazāk Allāh
AWT 2 is fully developed with amenities ready and people living and building in it. NFC2 is yet to take off
Kindly update the progress Eden Meadows project in ferozpur road. It was affected by ring road construction.
Regards
What About the NFC2 Main boulevard Linkage to Bahria Main boulevard? Is there any progress on it?
This sort of update is indeed commendable – a great service for the investors, to be abreast with the current scenario. Hope, sooner election exercise is on board will result in resuming the development work.
Any update about resumption of granting the plot-possession to the owners (who have already applied and in que), as it was provisionally suspended few months ago for reason of holding stay-order.