Tag: Etihad Town Phase 2

  • Etihad Town Phase 2: LDA Approved Project Review

    **Announcement: Etihad Town Phase 2 Status, Connectivity, and Market Review**
    This direct update provides a comprehensive overview of Etihad Town Phase 2, a key housing development in South Lahore. Positioned as a major alternative for buyers exploring options near LDA City and Lake City, the project has gained significant momentum due to key infrastructure progress. This review details the current state of LDA approvals, physical infrastructure progress, road connectivity, residential and commercial price structures, and critical pros and cons for prospective buyers.

    **Project Timeline and Possession Progress**
    Official bookings for Etihad Town Phase 2 commenced in November 2022, drawing strong initial interest from investors. Balloting was successfully conducted in 2023, assigning specific plot numbers to file holders. The developer has demonstrated solid execution capability, handing over possession in Blocks A, B, C, and D within roughly two years of launch, where early residential construction is already visible. Possession has recently been extended to Blocks F, G, and H, completing a phased delivery cycle of approximately four years from the initial booking stage.

    **Strategic Location and Road Connectivity**
    Etihad Town Phase 2 is situated along Jia Bagga Road, strategically located between Raiwind Road and Ferozepur Road. It sits in close proximity to major neighboring developments, including Lake City and LDA City. The primary game-changer for the project's accessibility is the ongoing construction of Pine Avenue, a 150-foot-wide arterial route formerly known as Neelam Road. Once fully completed, Pine Avenue will link Lake City through Jia Bagga Road, passing Etihad Town Phase 2, Phase 3, and Phase 4, before connecting directly to Ferozepur Road. Additionally, the Lahore-Sahiwal Motorway link passes straight through Phase 2, providing the society with four distinct entry and exit gateways. Key travel distances include the Halloki interchange at two to three kilometres, Ferozepur Road at four to five kilometres, Thokar Niaz Baig at approximately twenty kilometres, and Kalma Chowk at around thirty kilometres.

    **LDA Technical Approval Status**
    Clarity on legal approvals remains paramount for property acquisitions. On December 7, 2023, the Lahore Development Authority (LDA) issued an official letter granting technical approval for a revised layout plan covering approximately 2,478 kanals and 10 marlas in Mouza Jhedu, Tehsil Model Town, District Lahore. It is crucial for buyers to understand that technical approval is not the same as final layout approval. Technical approval confirms that the layout blueprint and town planning design have been sanctioned. However, final approval remains conditional upon fulfilling several regulatory requirements, including depositing sanction fees, clearing ownership transfer charges, submitting mortgage and transfer deeds, obtaining No Objection Certificates (NOCs) from provincial bodies like the Environmental Protection Agency, and submitting detailed utility design blueprints. Prospective buyers are advised to verify updated documentation through official channels and confirm that their target plot lies within the formally approved sector map.

    **Infrastructure and Master Plan Highlights**
    On-ground inspections reveal substantial infrastructure development across the delivered sectors. The master plan features fully paved, carpeted road networks, anchored by a 100-foot-wide central boulevard and internal residential streets designed between 30 and 40 feet wide. The 150-foot Pine Avenue corridor serves as a major visual and functional spine. A key design highlight is the underground electrical distribution network, which eliminates unsightly overhead cables and poles. The community layout incorporates planned family parks, an on-site cricket stadium, a central mosque, and reserved spaces for future educational and healthcare institutions. Block E has been restructured and absorbed into the surrounding Overseas and Executive Blocks flanking Pine Avenue.

    **Residential and Commercial Inventory and Pricing**
    The residential segment offers plot sizes of 3, 5, 7, 8, and 10 Marla, alongside 1 Kanal holdings distributed across various sectors. Commercial inventory features plots sized at 4 Marla, 5.33 Marla, and 8 Marla, situated along key commercial strips fronting Pine Avenue and the Motorway link road.
    Property valuations vary significantly based on block proximity and possession status. In possession-ready zones like Blocks A, B, and C, 5 Marla residential plots generally trade between 70 and 80 Lakh PKR, 10 Marla plots range between 1 Crore 20 Lakh and 1 Crore 30 Lakh PKR, and 1 Kanal plots stand around 2 Crore 20 Lakh PKR.
    In the Overseas and Executive Blocks fronting Pine Avenue, commercial potential drives higher valuations. Here, 5 Marla plots command between 80 and 90 Lakh PKR, while 10 Marla inventory trades around 1.5 Crore PKR. Newly possessed sectors such as Blocks F, G, and H see 5 Marla plots averaging around 75 Lakh PKR, often accompanied by an additional market premium known as "own."
    Commercial property along the Motorway link road reflects substantial capital requirements. A 4 Marla commercial plot carries an asking base near 1 Crore 60 Lakh PKR with a 10 to 20 Lakh PKR premium, whereas 5.33 Marla plots stand around 2 Crore 20 Lakh PKR with an estimated 30 Lakh PKR premium. Prime commercial holdings directly facing the 150-foot Pine Avenue corridor command between 6 and 8 Crore PKR.

    **Key Advantages of the Project**
    The project offers several key advantages for modern living:
    1. Strategic Road Network: The 150-foot-wide Pine Avenue and the Motorway link road offer strong regional connectivity throughout South Lahore.
    2. Multiple Access Points: Four distinct entry points reduce bottleneck risks and allow convenient community transit.
    3. Modern Infrastructure: Underground wiring, wide roadways, planned recreational areas, and sports facilities create an appealing physical environment.
    4. Phased Possession: The active delivery of Blocks A through D, followed by F, G, and H, demonstrates reliable on-ground execution.

    **Drawbacks, Risks, and Buyer Feedback**
    Despite positive aspects, there are notable concerns that warrant caution:
    1. Investor-Dominated Market: The majority of transactions are driven by speculative investors rather than resident end-users, leading to rapid price inflation through market premiums. If broader market sentiment cools, secondary market liquidity could tighten.
    2. Incomplete Direct Access and Evening Security: Until Pine Avenue is fully operational end-to-end, approach routes continue to rely on rural link roads. Travelers report a lack of adequate street lighting along these access passages at night, creating safety concerns.
    3. Adjoining Rural Settlement: The project borders Jhedu village, which presents persistent challenges regarding external perimeter management, waste disposal standards, and general security management.
    4. Immature Living Environment: The society remains in an early habitational phase. Very few families currently reside on-site, and essential facilities such as schools, medical clinics, and retail grocery stores are not yet operating internally.
    5. Buyer Grievances: Past feedback from file holders highlights concerns over delays in formal allotment documentation, weak mobile cellular signals, lack of public transport links, and disputes regarding developmental charges. While early expectations suggested development levies of roughly 1 Lakh PKR per Marla, revised demands have reached significantly higher figures, with market estimates placing realistic comprehensive development costs around 3 to 4 Lakh PKR per Marla.

    **Conclusion and Recommendations**
    Etihad Town Phase 2 presents a well-planned development with considerable potential anchored by the transformation of Pine Avenue. For end-users seeking immediate home construction, established blocks such as A, B, C, and D offer immediate utility, whereas remaining blocks may require additional development time before becoming fully vibrant neighbourhoods. Investors and homebuyers must conduct due diligence: verify the final approval status directly with the LDA, confirm exact plot placement on approved drawings, and secure explicit written clarification regarding all pending development charges before finalizing transactions.

    Contact information
    Name: Choudry Mujahid Yasin ( CMY )
    Phone: +923224929992 Whatsapp Available