Phase II of Sui Gas Housing scheme is one of the most popular housing societies near the Lahore Ring Road. Its unique circumstances offer an investment opportunity that any investor might want to avail. So, here’s the latest on Sui Gas Housing Scheme Phase II,
Located on Sharif Medical City Road, it is situated not far from Raiwind Road. One of the defining features of its location is that it shares its boundaries with some of the best housing developments in town: Bahria Town, Army Welfare Trust Phase II, and National Fertiliser Cooperative Housing Society Phase II. Beacon Housing Society is also located nearby, as is Sharif Medical Complex. So all the facilities and amenities that you could wish for are located at a short distance.
According to Asim Javed of Easy Property, Lahore Ring Road is also adding value to the housing society where it has direct access to Adda Plot, onwards to the Lahore Ring Road (LRR). LRR gives it convenient access to all parts of the city, and reduces the travel time to any place.
Basic development complete
Basic development is completed throughout the housing society, according to Mian Aqeel of Omega Real Estate. The road network is complete, and gas and water connections are available in the housing scheme. Its greatest issue right now is the electricity connection.
Blocks A and B are being given electricity through AWT Housing Society. However, it doesn’t yet have its own connection. 32 kanals of land have been earmarked for an electricity station as well, and the land has been approved. Moreover, an application has been made to WAPDA as well but the work is still to be done on it and there is no definite news as to when it will begin.
Possession is available in Blocks A and B, where possession has been granted. Aqeel explained that the society was reluctant to grant possession without the electricity connection, but people demanded that it has been a long time and possession was due so it was granted. However, as soon as the housing scheme has a connection, possession will be granted in other blocks too, he expected, since they are already developed.
Stable Prices
According to Aqeel, the prices have been stable in the housing scheme for quite a while. People are buying the 1-kanal plots, particularly in Blocks A and B, so a healthy demand does exist in the housing scheme. The prices in Sui Gas Housing Scheme currently stand as follows:
| Plot Size | Prices in PKR |
| Possession | |
| 1 kanal | 6,000,000—8,200,000 |
| 2 kanal | 11,000,000—16,000,000 |
| Possession Not Available | |
| 1 kanal | 4,800,000—6,000,000 |
| 2 kanal | 11,000,000—13,500,000 |
Should you consider investment?
The housing scheme already has gas and water connections, so once it has electricity, construction of houses begins, and families start moving there, it will attract genuine buyers and that will be the time for investors to profit as well. Aqeel estimated that it will be about a year before good profits can be expected there.
Are you looking to invest in Sui Gas Housing Society Phase II? Do you have any questions about it? You can talk to us in the comments section.
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