The latest construction update for Icon Valley Phase 2 was posted on 22 June 2026. The project, an LDA-approved high-end residential and commercial community on Main Raiwind Road, is still under development. New units including apartments, townhouses, commercial plazas, and corporate offices remain on sale with flexible 4 to 5-year installment plans and a 20% down payment requirement. The project is positioned between Lake City and Superior University and offers amenities like a gym, coffee shops, a mosque, security, and maintenance services.

Buyers have raised complaints on social media regarding delayed possession and additional charges. A buyer who booked a townhouse through Zameen.com in October 2025 stated the possession was promised for 2024 but has not been met, with the project still under construction. The management has imposed an additional PKR 900,000 inflation surcharge. The buyer is seeking guidance on regulatory bodies for assistance. Another buyer reported being forced to convert an apartment booking into a more expensive townhouse or villa.

In late 2025, marketing for Icon Valley Phase 2 intensified, with Zameen.com promoting it as Lahore's fastest-growing community. A key highlight was the launch of 'Spanish Homes by Icon', a premium sub-project within Phase 2 offering 5 Marla Spanish-themed townhomes. Promotional content emphasized the project's proven track record (Phase 1 success), prime location near Lahore Ring Road, and flexible payment plans, including possession on plots with a 35% down payment.

Throughout 2025, regular construction update videos were released by Zameen.com, showcasing ongoing development. These updates consistently promoted Icon Valley Phase II as a high-end residential and commercial community on Raiwind Road, offering a blend of luxury and connectivity with amenities like a gymnasium and coffee shops. The project inventory includes apartments, townhouses, and commercial spaces.