Iqbal Avenue Cooperative Housing Society Phase 1
Details
Iqbal Avenue Cooperative Housing Society Phase 1 is an LDA-approved residential scheme established in 1986, spanning approximately 467 kanal. It offers a mix of residential plots and built houses, catering to diverse housing needs. The community is prized for its strategic connectivity to key areas like Thokar Niaz Baig, Johar Town, and the Lahore-Islamabad Motorway, along with proximity to amenities such as Punjab University and Shaukat Khanum Hospital. It represents a developing, family-friendly environment with potential for capital appreciation.
- Developer: Iqbal Avenue Cooperative (self-developed and managed cooperative)
- Ideal For: Ideal for families seeking a well-connected, serene living environment and investors looking for capital appreciation in an LDA-approved developing community.
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Latest Updates
Iqbal Avenue Cooperative Housing Society Phase I Officially Listed as Abandoned and Unapproved by LDA
The Lahore Development Authority (LDA) has officially classified Iqbal Avenue Cooperative Housing Society Phase I as an 'abandoned' or 'not colonized' scheme and included it in its roster of illegal or unapproved housing projects. Despite occasional listings of plots and houses for sale, no significant development or official colonization has taken place since its establishment in 1986. The society remains legally non-viable for formal investment or residency.
Contradictory Market Narratives: Phase I Listings Persist Amid Legal Non-Recognition
Despite its official status as an unapproved and abandoned scheme, real estate platforms continue to list plots and houses for sale in Iqbal Avenue Phase I. These listings often reference infrastructure progress and maps, creating a misleading impression of development. However, all authoritative sources emphasize that buyers must verify legal status, approvals, and physical development status before any transaction, as the scheme lacks LDA sanction and possesses no functional utilities or governance framework.
House Price
PKR 16667/sq.ft
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Plot Price
PKR 8963/sq.ft
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Commercial Price
PKR 46593/sq.ft
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The society offers gated 24/7 security surveillance, main gates, and restricted access, ensuring a peaceful, family-oriented environment where children can play outdoors safely.
Provides a relatively affordable entry point compared to newer gated communities like Bahria Town or DHA Rahbar, offering a balanced price-to-value ratio for home buyers and investors.
Convenient proximity to major educational institutions such as Beaconhouse, Lahore Grammar School, and Punjab University campus, making daily commutes for families easy.
Features solid infrastructure including wide roads, underground wiring, proper drainage systems, and an uninterrupted power supply, indicating sustainable development and management foresight.