Located just 3 km from Thokar Niaz Baig, Park View Villas is one of the housing projects that has recently caught the attention of homebuyers as well as investors. Many people have asked me about the status of this project, which is why I have decided to take a closer look at it. So, for a detailed insight into Park View Villas, please read on.
Park View Villas comprises eight blocks: Sapphire, Jasmine, Topaz, Jade, Tulip, Tulip Extension, Gold and Rose.
Sapphire, Jasmine, Topaz, and Jade are 100% developed, while Rose Block is 50% developed and Tulip Block is 20% developed. Gold Block and Tulip Extension show no traces of development right now. It is expected that development work in the remaining area of Rose Block will be started within a year.
According to my sources, blocks such as Sapphire, Jasmine, Topaz and Jade have been approved by the Lahore Development Authority (LDA), but the society management has yet to obtain approvals for the remaining blocks. This is the main reason why you only see four blocks on the master plan of Park View Villas.
However, there’s no need to lose any sleep over this. You do not need to worry about approval status of the remaining blocks because Vision Group, the development firm owned by the Abdul Aleem Khan, is a trusted name in the real estate industry.
Land acquisition status
Many people are of the view that the society management has not acquired all the land required for blocks such as Gold, Rose, Tulip and Tulip Extension. This is true to come extent, but the land acquisition process is underway and unavailability of land should not be a cause for long-lasting concern. You should also note that 50% of the land required for Gold Block has already been acquired.
I have also heard that some private parties have been assigned the task of buying land for the undeveloped blocks. So, those who have invested in new blocks of Park View Villas should not worry at all.
Moreover, as the entire project is located is almost 3km away from River Ravi, you do not have to worry about seepage issues in the locality.
Possession status
The society management has granted possession for properties in blocks such as Sapphire, Jasmine, Topaz and Jade, while possession is available for 50% of Rose Block’s developed area. It is expected that possession will be granted within 6 months for Tulip Block’s 20% developed area.
Property rates
Park View Villas has witnessed decent price increase in the recent past and property prices are expected to rise further in the future. Please see the tables below to have an idea about the market value of properties in different blocks:
| Blocks | 5 Marla | 10 Marla | 1 Kanal |
| Topaz, Sapphire, Jasmine and Jade | PKR 3,500,000 to PKR 4500,000 | PKR 6,000,000 to PKR 7,500,0000 | PKR 14,000,000 to PKR 15,000,000 |
| Rose Block (undeveloped area) | PKR 2600,000 | PKR 5,000,000 | PKR 9,000,000 |
| Rose Block (50% developed area) | PKR 3,500,000 to PKR 4,000,000 | PKR 5,500,000 to PKR 7,000,000 | PKR 10,000,000 to PKR 11,000,000 |
| Tulip Block (non-developed area) | PKR 2,300,000 | PKR 4,200,000 | PKR 7,500,000 |
| Tulip Block (20% developed area) | PKR 2,700,000 to PKR 2,800,000 | PKR 4,800,000 | – |
| Gold Block | PKR 1,800,000 to PKR 2,200,000 | PKR 3,500,000 to PKR 4,000,000 | – |
New bookings
Currently, new bookings are open for 5-marla plots in Tulip Extension, while bookings for 10-marla and 1-kanal plots have closed. Five-marla plots are being offered for PKR 2,366,000 with a PKR 591,000 down payment required, while the remaining amount has to be paid in quarterly instalments spread over 2 years.
According to my sources, this particular block is not witnessing much investment activity these day. Those planning to invest here must bear it in mind that they will only be able to get good returns on their investment in the long term.
I think I have provided enough details to help you make your investment decisions. If you still have further queries, post them in the comments section below. I will try to reply as soon as possible. And if you want to invest in the locality, I can help you find a trusted agent as well.
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Dear Zain ,
investment guidance needed from ur side . i wana investment 25 lac . please suggest weather i have to get 2 to 3 marla house for investment point of view or i have to buy a plot . please suggest the area also .
Regards
Aoa,
Brother, for investment I would suggest you invest in plot. You can condier Grand Avenues and Chinar Bagh in your budget.
For further queries, you can email me at zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com
Buying plot will be a better decision becouse you will be able to find alots of plot in that price range while it will be difficult to find a house.
Alsam O Alakum
First of all i am really thankful to you to provide a latest information about this project. Jazak ALLAH ho khaira. As these type of rumors gives a headache to those who have invested their money in such projects or want to built the home in societies. I have three questions
Question 1: What is your opinion about the tulip and tulip extensions block. Until when these blocks will be completed. Do you think tulip extension will be completed within 2 to 2.5 years?
Question 2: I have also listen may be DHA EME will take over this society. Is there any such agreement going on between vision groups and DHA? If yes then how long do you think it will take?
Question 3: Can you please give me the information of your trusted agent?
Again i am really inspired by the zameen.com and it’s editors. Who care about their readers and it is really helpful for the people who want to build their homes in societies, as well as to the new investors who have no experience about real states. Thank you!!!
1) According to my sources, land acquisition for Tulip and Tulip Extension is already in process. The management is given this task to some private parties. You can invest in Tulip, but please note that the investment will be long-term. In case of Tulip Extension, plot owners have to pay instalments, and you can get only 5-marla from the new booking.
2) Acquisition by DHA EME is just a rumour. I have not received any information from official sources.
3) You can contact Mr Shabaz at 03004446852. You can use my name for reference.
Let me know in case you need further information. You can email me at: zain.nadeem@zameen.com
Sir how can we get to know that if a society has acquired land or not?
AoA
Thank you very much for providing these useful and detailed information. I have two 5-Marla coroner plots in Tulip Block, one has developed and the other one is not. Can I expect an increase in the price of developed plot within the next six months and how much. As I want to sale the developed plot, what you suggest sell it now or wait for the next six months.
Wa alaikumussalam,
I would suggest you hold your investment for now because Park View Villas is a good society. They are already acquiring land for their projects and I hope investments in this area will grow, InshaALLAH.
And if you want to take out you investment, I would suggest you consider 9 Town of DHA. 5-marla files are available in 9 town at the moment for around 41 lacs and I am really hopeful that file rates will grow in the time to come, InshaALLAH.
You can email me at: zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com
AoA
I want to sale a 5-Marla Coroner Developed Plot in Tulip block. Please suggest where I have to reinvest this amount.
For selling your plot, I would suggest you contact Mr Shabaz at 03004446852.
And if you want to reinvest, I would suggest you consider 9 Town of DHA.
You can also reach email me at: zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com.
I think still there is roam in park view society. DHA eme opposite to it has 5 marla plot of 70 lacs. I am not saying that it will cross EME but 66% of eme is its right value.
Yeah you are right. Thank you for your feedback
Thank you very much
You are welcome sir.
If you have any other queries about any housing society, please feel free to email me at: zain ‘dot’ nadeem ‘at zameen ‘dot’ com.
Which investment is better
Dha 9
Or dha 8
Or small 5 marla plots in park view
I want short term investment
Usman,
For short term, I would suggest DHA Lahore’s Phase 8 (proper), because possession is expected here soon.
But it also depends on your budget. You are comparing 5 marla plot in Park View Villas with properties in DHA Lahore’s Phase VIII and IX. There is a huge difference between the prices of properties in these localities.
Let me know your budget, only then will I be able to suggest you a good society for investment.
You can also contact me at zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com
Kindly confirm me again, Topaz block of Park View Villas is approved by LDA?. I read in your blog that Topaz block is approved by LDA but someone said to me it is not approved by LDA.
AoA Zain Bhai,
What do you mean by long term investment? Is it 5 years or 10 years? I just need your personally opinion as I want to build a house in five years time. Secondly you mentioned Grand Avenue. I read some where that GA dont have NOC from LDA. Finally do you recommend NFC Phase 2. Will it be habitual in five years time.
may Allah bless u.
Wa alaikumussalam Ali bhai,
By long-term I mean any time period of more than 1 year. For instance, in Tulip Extension, the instalment plan spreads over 2 years. This means that if you will invest here, your investment will most likely mature within 2 years. So, this investment is long term for me.
I know Grand Avenues does not have the LDA’s NOC. But prices are still increasing in the locality. I would like to talk about it privately with you. Please email me at zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com.
And once again, NFC Phase II is good for long-term investment. The issues related to the management of the society still await resolution. Price rise shouldn’t be expected until the start of full-fledged developed work.
I hope I have answered your queries. Let me know if you need any further assistance.
Dear Sir,
I heard that Tulip Extension will be developed after 2 & half Years. Its mean that plots will be delivered after 3 years? I am seeing that development in this society is very slow and families have some issues regarding LDA NOC & LDA approval of TULIP ExtensionS etc. Please clarify if You Can.
Thanks,
SYH
Zain Nadeem bhai, i am interested in buying 10M plot for investment or may be i construct it.My Range is 50 lac can you guide me where should i aim?
Sir, I have 25 lac where i should invest
Aslam O Alakum
Sorry to disturb you again. I am just listening that the Tulip extension block may be effected by Lahore Ring Road. But when they (Park View) show their map according to that Ring road will not effect it. It will pass near by the Tulip extension block. Do you have any information about it? Thank you very much!!!
any news about ring road will it affect the tulip extension block ?
Dear Sir, I have a plot in Gold block Park view Lahore. Any latest development news of the said block please. Thanks Tayyab
Any update about whats happening in Park View Tulip Extension these days? Ring Road? LDA approval?
I have 2 Million. Where should I invest? Please advise.
Dear Zain,
Please I need your advise, I am interested in investing in Park View Villas 4 marla commercial facing main boulevard in Tulip on ground, it is currently on sale for 1.30 crore. do you advise it will be a good investment or I should better invest the money somewhere else for a fast return.
with the 4 commercial in Tulip, do you think it is a long term investment- longer than 2 year for a decent return, what kind of return you expect on such property in park view villas.
I much appreciate your response.
Any update on Gold Block , still not any progress seen
Development started yessssssssssssss
I want to purchase 5 marla in tulip ext and want to construct to live . Is it a good idea or i should wait
When will the new blocks like Rose, tulip overseas and tulip extension be approved from LDA.