Located on Canal Bank Road, Pakistan Atomic Energy Commission (PAEC) Employees Housing Society is one of the residential projects worth considering in southern Lahore. Why am I labelling it ‘worth considering’? Read on to find out!
The infrastructure in PAEC Employees Housing Society is almost complete and plot owners are now awaiting the possession of their properties, but there is a catch here: there is no electricity just yet.
According to sources, the society’s management recently had a meeting at the project site, during which the newly appointed project director emphasised on the need to expedite the process of making provisions for electricity supply.
Rumours about the handover of possession made rounds even in 2013, but nothing ever materialised. Now, many people are of the view that possession in the society will be granted by the end of 2016. Let’s just hope for the best!
Prices
PAEC Employees Housing Society in Lahore features residential plots of 5 marla, 10 marla, 15 marla and 1 kanal. Prices of these plots are rather low compared to other housing societies located in the same neighbourhood.
Please see the table below to have an idea of property values in the locality:
| Plot Type | Market Value |
| 5 Marla | PKR 2,000,000 to PKR 2,500,000 |
| 10 Marla | PKR 3,000,000 to PKR 3,400,000 |
| 15 Marla | PKR 5,000,000 to PKR 5,500,000 |
| 20 Marla | PKR 6,500,000 to PKR 8,000,000 |
Sukh Chayn Gardens is located next to this society. According to Zameen.com’s property price stats, the average values of 10-marla and 1-kanal plots, as of March 2016, in Sukh Chayn Gardens stand at PKR 7,250,000 and PKR 11,782,692 respectively.
This must give you a fair idea of the room for price growth in PAEC Employees Housing Society, Lahore.
PAEC Employees Housing Society, Rawat
PAEC Foundation Housing Society, Rawat is a failed project with no scope for investment. Investors usually compare PAEC’s project in Lahore to the one in Rawat before making an investment decision, which is irrational because both projects have completely different prospects.
Should you invest in PAEC Employees Housing Society, Lahore?
Despite all the delays in possession handover and the unavailability of electricity, the prices of plots in the locality have continuously been rising for the last few months. Once provisions are made for electricity, the project will see a sudden jump in property values.
From where I see it, you should consider this project for investment in the short term. If you want me to get you in touch with a trusted agent dealing in the society, just let me know. However, make sure you visit the society or the plot you are interested in before finalising any deal.
If you have further queries, we can continue our discussion in the comments section below.
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Dear Zain,
Interesting pick…I’m looking for some reasonable option in the society since last few months but no confirm option is available and dealers don’t have any confirmed plots available or very few options are there.
Visit of the society reveals that A & B blocks (1 kanals & 15 marls) is good option but C & D( 10 & 5 marla) is adjacent to village and not having proper entrance.
However for short term investment, You may recommend any trusted dealer for the purpose.
thanks.
0300.9491019
Okay Asif Bhai,
Please call Rana Awais at 03215557857. He will guide you about investment options in the locality, InshaALLAH. Let me know if this doesn’t work out.
Regards,
zain Nadeem
Hi,
Just a question on payment mode. Can one buy these plots on installment ?
Regards
Shahzad
Shahzad Bhai,
There are no instalment options up for grabs. You will have to pay lump sum amount to buy a plot in the locality.
Regards,
zain Nadeem
Dear Zameen;
in this specific blog, prices you specify are way too high. I am regulator visitor of your site and one thing i regularly see that every time cost of plots are shared by zameen they are 20-25% high then original ground price. in this blog, complete work has not been done, this society still have balloting remaining.
it would be better if you specify price that are being deal rather then getting baseless quotes from mushromm dealers.
Hope you take my concerns seriously.
Regards
Afridi
Pleas give me number of Zameen trusted dealer in this society.
Please call Rana Awais at 03215557857. He will guide you about investment options in the locality, InshaALLAH. Let me know if this doesn’t work out.
Dear Zain Nadeem,
I usually read your blog which are really informative. But i am waiting for your blogs about two things
1) Newly staring or becoming soon housing schemes comparisons
2) Blog for recently started new block by Parks view and about Lahore Motorway city.
Hope to see your blogs above two comments soon. Thank you very much.
Okay Butt sb, I will try to cover these topics as soon as possible. For your knowledge, balloting of plots was held in New Lahore City recently, however, not all the area was balloted.
Regards,
zain Nadeem
Dear Zain,
Thank you very much for your response.
Thanks for this informative piece, would also like to request for more information about features and quality of development in the society at Lahore.
Regards
Adnan Bhai,
Are you talking about the features and quality of development of Atomic Energy Housing Society or some other project in Lahore?
Dear Zain bhai,
I need advice on PAEC ECHS Lahore since location and prices suit my preferences. I also need to know about resolution of electricity and possession issues since I’ll be going for the bank finance to purchase plot and construct house thereon.
Thanks for your response and regards
Dear Zain , what’s the latest situation of this society ?
What about PAEC, Phase-II, Chattar, Islamabad?
Its been ages since i paid the entire cost of 2 x 7 Marla plots and still there is no news of possession? What about the outcome of scandal and the inquiry? Any insights shall be appreciated.
Regards,
Asim