Nasheman-e-Iqbal Lahore

Roti Corporation:

This Roti Corporation of Pakistan was formed by the 70s Prime Minister of Pakistan Mr. Zulfiqar Ali Bhutto. This Roti Corporation was formed to mass produce Roti (bread eaten daily in Pakistan especially). This corporation set many plants which mass produce Roti and packed it in a rapper.

This corporation fail to survive due to expensive Roti and some other issues but we have come to know in our survey that this corporation has also launched a housing society project with the name of Nasheman-e-Iqbal.

Nasheman-e-Iqbal Lahore

Nashemane-e-Iqbal Co-operative Housing Society Ltd. Lahore was registered in 1979 by Roti Corporation. It has two phases which are not joint together. Phase-I is more popular and situated on a road front of Shaukat Khanam Cancer Hospital. This is the active phase of Nasheman-e-Iqbal where families live. Other phase is far away on College Road which don’t have Sui Gas there at the time. People are not living in Phase-II but still some people invest there to have a long term benefit in their mind. In below detail we’ll be discussing about Nasheman-e-Iqbal Phase-I.

Location:

It is located on a road front of Shaukat Khanam Memorial Cancer Hospital & Research Centre which joins to Raiwind Road. This road has some more housing societies as well which include Wapda Town, DHA, OPF etc.

Firstly it was considered as on boundary of Lahore but as hospital build there and Lahore’s new expansion start from this part; Lahore has gone far to Raiwind Road, away from Thokar Niaz Baig, away on College Road, then this location has been started considering as a central location.

Land:

It’s Phase-I is located on 1134 Kanal which has 932 plots in total.

Categories:

Nasheman-e-Iqbal Co-operative Housing Society Ltd. Lahore has not any small plots. That’s why it is also considered as an Executive Society where you can have only two category to choose with.

1. 10 Marla
2. 1 Kanal

Constructed Houses:

Nasheman-e-Iqbal Co-operative Housing Society Ltd. Sells only plots. However people who buy plots and construct houses can sell those houses. Below I’ve mentioned the prices of house available in price, though it totally depends on condition of house but to know the idea find below prices in table.

Salient Features:

Find below salient features of Nasheman-e-Iqbal Co-operative Housing Society Ltd. Lahore.

·        Electric Supply

·        Water Tanks for providing water in homes

·        Sui Gas

·        6 Parks (biggest one is on 10 Kanal)

·        50, 40 and 30 feet wide roads

·        2 Jamia Mosques

·        Schools (Educators and Others)

Other Charges in Buying a Plot:

Beside the price of plot which is mentioned above, one has to pay some other charges like membership fee and other society charges. Find below other charges in Nasheman-e-Iqbal Co-operative Housing Society Ltd. Lahore

• Transfer Fee:                            Rs. 26,000/- for 10 Marla
•                                                 Rs. 40,000/- for 1 Kanal
• Ishtam Duty:                             2% of DC value
• CVT (Capital Value Tax):         4% of DC value

DC Value (Phase-I):                             Rs. 200,000/- per Marla

DC Value (Phase-II):                            Rs. 30,000/- per Marla

Society Managers From Society Members:

Firstly Nasheman-e-Iqbal Housing Society was managed by Roti Corporation as mentioned above but as the time passes and Roti Corporation dissolved, members of the society have taken charge. It is done in a very managed way; in which they held election after every 3 years and choose secretary finance and other managers within the member of society.

Those who buy plot there have to pay the transfer fee and become a member of Nasheman-e-Iqbal Co-operative Housing Society Ltd. Lahore.