Punjab University Housing Society
Details
Punjab University Employees Cooperative Housing Society is an LDA-approved, fully serviced cooperative housing community located on Raiwind Road in Lahore. Established primarily for university staff, it offers residential plots from 4 marla to 1 kanal with modern utilities like electricity, water, gas, and sewerage. The society features gated security, well-paved roads, parks, mosques, and shopping centres, ensuring a safe and organized living environment. Its strategic location provides direct access to the university campus, Etihad Town, and nearby commercial hubs, making it a prime residential investment.
- Developer: Punjab University Employees Cooperative
- Ideal For: Ideal for Punjab University employees, professionals seeking secure mid-to-high-budget investments, and families desiring a well-maintained neighbourhood with long-term value appreciation.
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Latest Updates
- Inquiry finds administrative, financial lapses in Punjab University Town-III project
- Allegations of multi-billion rupee irregularities in Punjab University’s Town-III housing project...
- ASA meeting on PU Town-III inquiry report ends after dispute
- RDA takes over University Town over irregularities
- Academia Mag
Inquiry Finds Major Irregularities and Governance Failures in PU Town-III Housing Project
An official inquiry into Punjab University's Town-III housing project has uncovered multi-billion rupee financial and administrative irregularities, shaking confidence in the scheme intended for university staff. The report points to governance failures, questionable financial decisions, and a lack of transparency in developer selection. It recommends a detailed forensic audit, restructuring of management, and legal action. The findings have triggered demands for accountability and greater oversight, with the case also pending before the Lahore High Court.
RDA Directed to Take Over Management of University Town Scheme
In response to persistent complaints from allottees, the Punjab government has directed the Rawalpindi Development Authority (RDA) to assume management of the University Town housing scheme. A Joint Investigation Team (JIT) has been formed to scrutinize the scheme's affairs, focusing on financial irregularities, delays in development works, and violations of approved plans. This move aims to ensure accountability, good governance, and address residents' grievances.
Faculty Association Dispute Over Town-III Inquiry Report
An emergency meeting of the Punjab University Academic Staff Association (ASA) Executive Council, called to discuss the Town-III inquiry report, ended without a formal outcome due to a procedural dispute. ASA President Dr. Amjad Abbas Magsi declared the meeting 'illegal' as it was summoned without his consent, leading to heated exchanges among members. The inquiry itself was initiated on ASA's request.
Real Estate Market Activity in Established Punjab University Housing Societies
Despite controversies in the Town-III project, the established Punjab University Employees Housing Society (Phase 2) on Raiwind Road shows active real estate transactions. Properties are being advertised for sale, including a 15 Marla apartment building priced at PKR 8.5 Crore generating monthly rental income, and newly constructed homes. The society is considered a prime location near Etihad Town. Construction projects are also being completed, such as a 1 Kanal house grey structure finished on time.
House Price
PKR 17281/sq.ft
YoY +12.95%
Plot Price
PKR 8633/sq.ft
YoY -0.12%
Commercial Price
PKR 12000/sq.ft
YoY N/A
Convenient location on main Raiwind Road, adjacent to Punjab University and other societies, with easy access to nearby colleges, markets, and city arteries.
Availability of basic utilities such as electricity, gas, water, sewerage, telephone, and internet.
Potential disruption and delayed civic services due to the nearby Orange Line Metro construction.
Administrative and legal disputes, including controversies over registration and governance.