Palm Vista Housing Society
Details
Palm Vista Housing Society was launched in 2014 and is an LDA-approved, gated residential community spread over 210 kanals. It offers affordable 3-marla and 5-marla plots with a 30% booking and three-year easy installment plan. The society provides modern amenities such as a Jamia mosque, security with CCTV, and commercial zones, making it a secure and convenient lifestyle choice.
- Developer: Palm City Developers, a well-known local real-estate firm
- Ideal For: Ideal for first-time homebuyers, small-budget investors, and families seeking a modern yet economical entry into Lahore's real estate market.
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Latest Updates
Principal Accused in Palm Vista Housing Scam Arrested in UAE; Extradition and Recovery Underway
The main accused, Muhammad Qasim Khan, has been arrested in Abu Dhabi under an Interpol red notice coordinated with Pakistani authorities. The Rs 1.2–1.4 billion fraud allegedly defrauded at least 295 investors through overselling plots and operating a Ponzi scheme. Extradition documents have been formally requested by UAE authorities, and NAB has launched a recovery drive to return funds to victims. This marks a pivotal development in Pakistan’s broader crackdown on illegal housing societies across Punjab.
NAB Lahore Open Court Highlights Palm Vista Among Top Illegal Housing Schemes
During its February 2026 monthly open court (Khuli Kutchehri), DG NAB Lahore directly heard grievances from Palm Vista victims alongside complainants from at least 11 other fraudulent housing projects—including Al Jalil Garden, Zaitoon City, and Eden Housing. The session underscored NAB’s zero-tolerance policy and commitment to transparent justice, with on-the-spot directives issued for expeditious case disposal and victim restitution.
Ongoing Real Estate Marketing Despite Legal Scrutiny
Despite the ongoing fraud investigation and regulatory action, property marketing for Palm Vista continues actively: multiple real estate agents—including Rehmani Property and Al Hussain—publish videos and listings promoting 3–5 marla on-ground plots, brand-new houses, and ‘immediate possession’ offers. Listings on Zameen.com show prices ranging from PKR 63 lakh to PKR 1.1 crore, highlighting persistent market activity amid unresolved legal and ownership concerns.
House Price
PKR 14185/sq.ft
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Plot Price
PKR 2545/sq.ft
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Commercial Price
PKR 7222/sq.ft
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Affordable plot prices with flexible installment plans, making it accessible for budget-conscious buyers.
Offers a range of amenities including 24-hour security, CCTV surveillance, community mosque, commercial zones, parks, and underground electrification.
Conveniently located on Raiwind Road near Lake City, with easy access to major routes and nearby societies.
Gated community with 24/7 security and CCTV vigilance for a safe living environment.
Landscaped with palm trees and botanical gardens, providing serene and picturesque views.
Unclear LDA clearance status for some phases, with NOC approval still in process, raising legal concerns.
Mixed reviews on the reliability of promised infrastructure, with some concerns about unmet commitments.
Some users advise against investment due to issues like delays and approval uncertainties.
Occasional construction noise due to three-shift building activity, affecting living experience.
Reports of delayed possession for on-ground plots, causing inconvenience to buyers.