State Life’s Phase II has become a bone of contention between the society’s management and members. Recently, the management held a ballot to allot 10-marla alternate plots in Phase I to some owners of 1-kanal plots in Phase II. The allotted plots will supposedly be developed within 18 months, but allottees have to pay PKR 800,000 as development charges.
Now, the management has rolled out another notice in local publications to summon members to a meeting scheduled for 9:00 am on May 15, 2016 at the State Life office in Phase IV, DHA.
According to the notification, decisions regarding the future of Phase II will be taken during this gathering. Members will be asked to approve Phase II’s name change to Phase I Extension. Honestly, I don’t understand the reason behind this change.
The notification explicitly states the State Life does not have the required land for Phase II. So, the approval of members will be sought for the allotment of plots in the following manner:
- Fourteen-marla plots will be given to members who forfeit 20-marla plots
- Seven-marla plots will be allotted to members who forfeit 10-marla plots
- Three-and-a-half-marla plots will be given to members who forfeit 5-marla plots
Members will also be asked to approve society’s decision to allot 4-marla commercial plots in Blocks G and J of Phase I against 1-kanal plots in Phase II with an additional payment of PKR 2,000,000 (to be paid in instalments). Furthermore, members will need to approve the allotment of 8-marla plots in Blocks G and J of Phase I against 2-kanal residential plots in Phase II with an additional payment of PKR 4,000,000 (to be paid in instalments).
Other matters will also be discussed during the meeting if the society’s president grants permission.
I suggest all members of Phase II to attend the meeting and see first-hand what decisions are taken. You have an opportunity to interact with the management, so make use of it and freely discuss your issues.
Current rates in Phase II
According to an estate agent dealing in Phase II, these are the current rates in the locality:
| Plot Category | Price Range |
| 1 Kanal | PKR 2,800,000 to PKR 3,500,000 |
| 10 Marla | PKR 1,800,000 to PKR 2,000,000 |
| 5 Marla | PKR 1,200,000 to PKR 1,250,000 |
I hope the society management finds the time to discuss the development in Phase II. If development work starts here, things will definitely get better. Right now, the management is trying to accommodate plot owners.
Let’s wait until May 15 and see what the outcome of this meeting is.
You can view property listings for Phase II here.
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In my view the society should also give opportunity to the owners of 10 Marla plots in G&J (converted plots),if they want to get commercial plots. Cus before things were not clear in front of them.
Do you have a 10-marla plot in Phase II? If yes, I suggest you visit their meeting and raise your concerns.
Yes I ve but living outside the country.So i m unable to attend the meeting.
You can request someone to go on your behalf. Otherwise, I will provide you updates through my blog
ok thanks Sir.Kindly provide the information,when are available.
Dear Saqib,
I do have some further. I am planning to write a bog post on it. So, stay tuned to Zameen Blog
Please let us know the status of SL Phase-II after this meeting and prices and future…
Dear Mr .Zain Nadeem ,
Can you please elaborate this below notice from LDA that extension of statelife phase 2 is illegal .
http:// prismlahore. com/blog/lda-notice-regarding-state-life-lahore-phase-2/
Regards,
Out come of the meeting.
1.Phase 1 ll b now phase 1 extension instead of phase 2.
2.One kanal plot holder ll get 14 marla plot,10 marla plot holder ll get 7 marla
and 5 marla plot holder ll get 3.5 marla plot.
3.Development charges ll b 7 lac,5 lac and 1.75 lac respectively on installments.
4. 642 converted plot holders ll pay 5 lac DC instead of 8 lac on installments now.
5.They promise to develop 642 plots in one year to 1.5 years.
6.And they promise to develop phase 2 or phase one extension in 3-3.5 years.