Nawaz Sharif Colony

Nawaz Sharif IT City, Near DHA Phase 6-7, Bedian Road, Lahore, Punjab
Data sourced from the internet. For reference only.

Details

IT/Tech Hub 10-Year Tax-Free Zone Master-Planned Zoning Government-Backed

Nawaz Sharif Colony (also marketed as Nawaz Sharif IT City) is Pakistan's first government-backed dedicated IT city, located adjacent to DHA Phases 6 & 7 in Lahore. It is an 800-acre master-planned mixed-use development overseen by Punjab Central Business District Development Authority (PCBDDA). The project integrates specialized zones for IT/technology, education, film-making, residential, and commercial purposes, offering key advantages like a 10-year tax-free status for IT firms and proximity to major transport routes.

  • Developer: Punjab Central Business District Development Authority (PCBDDA) with construction by Habib Construction Services.
  • Ideal For: Ideal for technology companies seeking a tax-advantaged hub, long-term investors, and families desiring a modern, secure, and integrated residential environment.
AREA(Kanal)
210+

Map-calculated

BLOCK
--

In total

Plot
--

In total

Approved
No

Latest Updates

Lahore Heritage Revival Project Faces Backlash and Deferral

A major heritage revival initiative in Lahore, championed by former PM Nawaz Sharif and Punjab CM Maryam Nawaz Sharif, aimed to restore historic Hindu, Sikh, and colonial-era names to various streets and neighborhoods. Approved by the Lahore Heritage Areas Revival (LHAR) and the Punjab Cabinet, the project sought to officially revert names like Islampura to Krishan Nagar and Babri Masjid Chowk to Jain Mandir Chowk. However, facing significant opposition from extremist elements and social media critics who framed it as reviving Hindu and Sikh identities, the government has deferred the decision. A consultation meeting with historians and scholars was held, but the move has been put on hold to avert backlash.

Massive Lahore Development Plan and Infrastructure Overhaul Launched

Punjab Chief Minister Maryam Nawaz Sharif has launched the second phase of the ambitious Lahore Development Plan, a citywide infrastructure revolution. The program involves a massive overhaul, including upgrading thousands of streets and revamping drainage and sewage networks across the metropolis. District administration officials state the plan is bridging the urban-rural living standards gap and transforming Lahore into a modern, prosperous city under Maryam Nawaz's leadership.

Approval and Development of New Housing Colonies in Lahore

New housing initiatives are being approved and developed in Lahore. This includes the Journalists Housing Colony Phase II, for which the master plan for 3,200 five-marla plots has been approved. Punjab Information Minister Azma Bokhari chaired the meeting, and CM Maryam Nawaz is set to personally distribute allotment letters. Furthermore, CM Maryam Nawaz visited the site of New Metro City Lahore, a major real estate project, marking it as a significant milestone for the development.

Pending Update

Announcement of Punjab Film City in Lahore's IT District

Punjab Chief Minister Maryam Nawaz Sharif has announced the establishment of a new 50-acre Punjab Film City within Lahore's Nawaz Sharif IT City. This initiative aims to create a modern hub for the film industry in the region.

Pestimate
Investment analysis
Investors
Conservative investors seeking steady rental income and capital appreciation, overseas Pakistanis, and first-time homebuyers.
Recommend
For rental income: invest in ready-built residential units (3, 5, or 8 Marla) in approved on-ground projects. For capital appreciation: consider plots or new constructions near Nawaz Sharif IT City, especially mixed-use or vertical developments.
Holding period
5-10 years
Tips
Choose LDA-approved on-ground projects, avoid speculative file plots, verify legal status and development approvals, factor in all acquisition costs (purchase price, stamp duty, transfer tax, agent commissions), secure structured payment plans, and engage a reputable real-estate consultant for detailed cash-flow modeling.
Investment Risks
Risks include vacancy risk, maintenance costs, macroeconomic fluctuations, legal issues with unapproved developments, traffic congestion near IT City, and potential delays in infrastructure projects or project delivery.
Reviews

Recreational Facilities

 

Access to Nawaz Sharif Park, which is well-maintained with lush green lawns, walking tracks, and seating areas, providing a peaceful spot for families, joggers, and nature lovers.

Location and Connectivity

 

Benefits from its location near Bedian Road, offering easy access to major thoroughfares. Proximity to the under-construction Nawaz Sharif IT City and upcoming infrastructure projects.

Availability of Rentals

 

Rooms and apartments are listed and available for rent on platforms like Zameen.com and Residency.pk, facilitating the search for accommodation.

Affordability

 

Relatively new and affordable residential area offering lower rents compared to more central parts of Lahore. Modest-sized rooms and apartments are available on rental platforms.

Recreational Facilities

 

The children's play area in the nearby park could use upgrades, and parking can be a challenge on weekends.

Sources

Utilities and Basic Infrastructure

 

Inconsistent water supply, frequent power outages, under-developed drainage and road networks causing flooding during monsoon rains.

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Urban Issues (Lahore-wide context)

 

General city-wide challenges include severe traffic congestion, air pollution/smog, hot and humid climate, infrastructure gaps, noise, and rising cost of living.

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Local Amenities

 

Limited shopping, healthcare, and other essential facilities within walking distance.

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Security

 

Occasional security concerns due to the lack of a dedicated gated-community perimeter.

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