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Residential Plots for Sale in Fazaia Housing Scheme Lahore with Price & Details(423)

Locations of Residential Plots for sale in Lahore

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Looking to buy residential plots in Fazaia Housing Scheme, Lahore? Here is what you should know.

Fazaia Housing Scheme: Luxurious and Affordable Housing

Fazaia Housing Scheme was launched in Lahore recently in March 2004. The scheme was initially introduced by the Pakistan Air Force for uniformed officers JCOs and Chief Techs only. Yet it was later opened to public acquisition after designing and planning was completed in July 2005 and development was initiated in December the same year. As of now 90% of the development has been completed while only blocks B and K remain under construction. Fazaia Housing Society currently consists of Fazaia-I while Fazaia-II followed in March 2010. However phase-II still awaits final approval of the master plan by LDA.

Worth Investing in Plots for Sale in Fazaia Housing Scheme Lahore

Fazaia-I spans a total of 4319 kanals of land and is situated along the Eden city Raiwind Road and at a distance of 12.5 km from Thokar Niaz Baig making it extremely approachable. On the other hand phase-II sprawls over nearly 1500 kanals and is situated on the Sundar/Sharif Complex Road approximately 5 km from phase I. As mentioned earlier Fazaia Housing Scheme phase 1 is in its final stage of completion and is merely undergoing some finishing touches. The roads in the phase has been laid out sidewalks and green belts have been completed street lights have been installed underground electricity works are underway and the gas pipeline gas network has been completed making the plots located within phase-I the ideal options for investment.

Moreover the construction of 21 model villas with the locality has kicked off and is expected to be completed by the end of this year. Fazaia housing scheme plots for sale include 7 marla to 1 kanal plots that available at affordable prices between Rs. 1500000 and 315000000.

Financial Tips for Investment in Plots

  • Realistically calculate the budget you have including liquid cash and liquefiable assets that you will be able to use for buying a plot.
  • Apply for a loan only if you imperatively need one and hold the ability to repay.
  • Take loans from reliable banks with reputed load programs only.
  • Once you buy a plot do not rush towards reselling under normal circumstances. Wait for the plot to mature in terms of value before you decide to resale.