Tag: Pine Avenue Lahore

  • Etihad Town Phase 2 Lahore: Market Review

    Etihad Town Phase 2 has become one of the more talked about housing developments in South Lahore. Buyer interest in its early phases fluctuated, but recent infrastructure progress, especially the work on Pine Avenue, has renewed market attention. This review examines the location, legal status, development progress, pricing, and advantages and disadvantages that buyers must weigh.

    Formal bookings for Etihad Town Phase 2 were launched in November 2022. Demand was initially strong, building on the delivery record of the developer earlier schemes in Lahore. Balloting took place in 2023 and allocated specific plot numbers to file holders. Within about two years of the launch, possession was handed over in Blocks A, B, C, and D, where early residential construction began. More recently, possession was extended to Blocks F, G, and H. The full cycle from initial booking to phased possession took about four years, a notable pace compared with typical market delays.

    The project is situated along Jia Bagga Road and lies between Raiwind Road and Ferozepur Road, near established projects such as Lake City and LDA City. In its early stages, the lack of direct and straightforward approach roads made access difficult, requiring detours through adjacent rural routes or unfinished sectors of LDA City.

    Pine Avenue, previously called Neelam Road, is the main catalyst for improved access. It is designed as a 150-foot-wide arterial route across South Lahore. It would link Lake City through Jia Bagga Road, pass Etihad Town Phase 2, Phase 3, and Phase 4, and connect onward to Ferozepur Road. The Lahore-Sahiwal Motorway link also passes directly through Phase 2, giving the society four potential entry and exit gateways.

    Once Pine Avenue is fully operational, the Halloki interchange is about 2 to 3 kilometers away, Ferozepur Road is around 4 to 5 kilometers away, Thokar Niaz Baig is about 20 kilometers away, and Kalma Chowk is around 30 kilometers away. This makes the project convenient for people working or commuting in South Lahore, though commutes to northern parts of the city remain substantial.

    On December 7, 2023, the Lahore Development Authority issued an official letter about Etihad Town Phase 2, granting technical approval for a revised layout plan spanning about 2,478 kanals and 10 marlas in Mouza Jhedu, Tehsil Model Town, District Lahore.

    Buyers should distinguish technical approval from final layout approval. Technical approval means the authority reviewed and sanctioned the layout blueprint and town planning design. Final approval is conditional on fulfilling specific regulatory requirements in the official notification. These include depositing mandated sanction fees, clearing ownership transfer charges, submitting mortgage and transfer deeds, securing No Objection Certificates from provincial entities such as the Environmental Protection Agency, and submitting detailed utility design blueprints. Prospective buyers were advised to check updated documentation directly from official channels and confirm that any target plot number falls within the formally approved sector map.

    On the ground, substantial infrastructure work appears across delivered sectors. The society has fully paved and carpeted road networks, a central boulevard 100 feet wide, and internal residential streets designed between 30 and 40 feet wide, anchored by the 150-foot Pine Avenue corridor. A key design feature is the underground electrical distribution network, which removes overhead cables and poles. The master plan includes planned family parks, an on-site cricket stadium, a dedicated central mosque, and reserved space for future educational and healthcare institutions. Block E was restructured and absorbed into the surrounding Overseas and Executive Blocks beside Pine Avenue.

    The residential segment offers plot cuttings of 3, 5, 7, 8, and 10 Marla, plus 1 Kanal holdings across multiple sectors. Commercial inventory includes 4 Marla, 5.33 Marla, and 8 Marla plots along key commercial strips, notably fronting Pine Avenue and the Motorway link road.

    Prices vary by block, proximity to main arteries, and possession status. In possession-ready zones such as 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 and visibility drive higher valuations. There, 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 with an added market premium called own.

    Commercial property along the Motorway link road reflects major 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.

    Advantages include the strategic road network, the 150-foot-wide Pine Avenue, and the Motorway link road. The four entry points may reduce bottlenecks and allow convenient community transit. Modern infrastructure, underground wiring, wide roadways, planned recreation, and sports facilities create an appealing setting. Phased possession, first Blocks A through D and later F, G, and H, demonstrated execution on the ground.

    Risks and buyer feedback remain. The market is investor-led, with most transactions 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.

    Access is not fully direct yet, and evening security is a concern because Pine Avenue is not fully operational end to end. Until then, approach routes rely on rural link roads, and travelers report inadequate street lighting at night.

    The project borders Jhedu village, which presents ongoing challenges for external perimeter management, waste disposal, and security management. The living environment remains early stage. Very few families currently reside on site, and essential facilities such as schools, medical clinics, and retail grocery stores are not yet operating internally.

    Buyer grievances include delays in formal allotment documentation, weak mobile cellular signals, lack of public transport links, and disputes over developmental charges. Early expectations suggested development levies of roughly 1 Lakh PKR per Marla, but revised demands reached significantly higher figures, with market estimates placing realistic comprehensive development costs around 3 to 4 Lakh PKR per Marla.

    In conclusion, 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 more development time before becoming fully vibrant neighborhoods. Investors and homebuyers must conduct due diligence by verifying final approval status directly with the LDA, confirming exact plot placement on approved drawings, and securing explicit written clarification about all pending development charges before finalizing transactions.

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