Formanities Housing Scheme
Details
Formanites Housing Scheme is an LDA-approved residential community developed by Forman Christian College to provide modern, fully-developed plots ranging from 5 Marla to 1 Kanal. It is strategically located near major hubs like DHA Phase 5-6, Allama Iqbal International Airport, and the Lahore Ring Road, offering excellent connectivity. The scheme features ready-to-build infrastructure including wide paved roads, parks, schools, and commercial areas, ensuring a secure and well-planned suburban lifestyle.
- Developer: Forman Christian College
- Ideal For: Ideal for investors, families, professionals, and alumni/staff of Forman Christian College seeking affordable, secure, and well-connected housing with capital appreciation potential.
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Latest Updates
- 5 MARLA HOUSE FOR SALE IN FORMANITES HOUSING SCHEME LAHORE
- This Is Your Chance To Buy House In Formanites Housing Scheme OPPOSITE DHA PHASE 5 Formanites Housing Scheme, Lahore ID52827350 - Zameen.com
- 3 MARLA HOUSE FOR SALE IN FORMANITES HOUSING SCHEME LAHORE
- Formanite Housing Scheme Opp DHA Phase 5 M Extension Formanites Housing Scheme - Block M, Formanites Housing Scheme, Lahore ID45875837 - Zameen.com
Active Real Estate Market with New Listings and Prices
The property market in Formanites Housing Scheme, Lahore, remains active with new house and plot listings appearing on major platforms like Zameen.com. Current offerings include 5 Marla houses priced around PKR 1.8 Crore, 10 Marla houses from PKR 3.65 Crore to PKR 3.95 Crore, and plots ranging from 5 Marla (PKR 60 Lakh) to 1 Kanal (PKR 1.29 Crore). Real estate agents are actively marketing properties, highlighting features and proximity to DHA Phase 5.
Legal and Regulatory Status: LDA Approval and Fraud History
Formanites Housing Scheme is listed as an LDA-approved society (Phase-I approved in 2006), providing a degree of legal standing. However, its history is marred by a major fraud scandal involving duplicate plot sales, with victims from as early as 2003 still seeking justice. Discussions highlight the discrepancy between compensation offered (original investment amount) and the current market value, causing distress among affected buyers.
NAB's Major Compensation Drive for Fraud Victims
In a significant development, the National Accountability Bureau (NAB) Lahore launched the distribution of compensation cheques worth approximately Rs. 1.34 billion to victims of the Formanites Housing Society scam in mid-May 2025. The bureau reported facilitating recoveries of over 47 percent of the original investments for more than 2,200 complainants. NAB's Director-General pledged swift processing for any new claims once judicial approval is secured.
House Price
PKR 16290/sq.ft
YoY +3.61%
Plot Price
PKR 4650/sq.ft
YoY +2.55%
Commercial Price
PKR 12909/sq.ft
YoY N/A
Offers relatively affordable installment plans, with payments ranging from Rs 2,000 to Rs 8,000 per marla, making it accessible for middle-class families.
Centrally positioned near Defence Housing Society (DHA) and major thoroughfares, providing easy access to the city and well-developed areas.
Provides a secure, well-planned residential environment with gated community and 24/7 surveillance, attractive for families.
Features 40-foot wide roads, a proper sewage system, Sui-gas lines, water supply, underground electricity wiring, parks, schools, and commercial areas.
Plots are non-LDA approved, which may pose legal and investment risks for buyers, despite having basic utilities like electricity and gas.
The only entrance is via Multan Road, which often becomes heavily congested, causing traffic bottlenecks.
Over 1,100 affectees have filed complaints with NAB citing delays, mismanagement, and grievances. Issues include phase-II land unavailability and refund disputes.
Reports of delays in development and construction, with unfinished phases and administrative inefficiencies.