State Life Housing Phase 1
Details
State Life Housing Society Phase 1 is a privately-developed residential scheme originally created for employees of the State Life Insurance Corporation of Pakistan, registered in 1988 under the Cooperative Housing Society Act 1925. It offers a well-planned, peaceful community with modern infrastructure, including schools, parks, mosques, and commercial plots, and features a variety of residential plot sizes. The society benefits from easy connectivity to key city arteries like the Lahore Ring Road and Allama Iqbal International Airport, making it an affordable and strategic option for homebuyers.
- Developer: State Life Insurance Corporation of Pakistan (developer and manager)
- Ideal For: Ideal for middle-class families, first-time homebuyers, and investors seeking a secure, well-connected neighborhood with good growth potential.
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Latest Updates
Lake City Holdings Completes Full Takeover and Management Transition of State Life Housing Phase 1, Phase 1 Extension, and Phase 2 in Lahore
Lake City Holdings has fully assumed control of State Life Housing Society’s Phase 1, Phase 1 Extension, and Phase 2 in Lahore, completing the management transition within months of the June 2024 announcement. For Phase 1 specifically, plot sizes and development charge rates remain unchanged, while on-ground development in the former Phase 1 Extension and Phase 2 has accelerated significantly—roads, sewerage systems, and plot demarcation are nearing completion, and possession is already available for many plots. This has triggered a surge in market activity, with 5-marla plot prices in the core A-Block (now Lake City Meadows) rising to PKR 1–1.35 crore.
Rapid Infrastructure Completion and Possession Handover in Phase 1 Extension Blocks (G & J)
Development in the Phase 1 Extension—particularly G Block and J Block—has entered its final phase, with road leveling, underground utilities (water, sewerage, electricity), boundary walls, and commercial plot marking substantially complete. On-site machinery is operating continuously, and possession is expected to be handed over to end-users within the next few months. This fast-tracked progress has made G and J Blocks top recommendations for buyers seeking early possession, especially for 10-marla residential plots priced between PKR 1.15–1.75 crore.
Price Surge in Core Phase 1 (A-Block) Driven by Full Development and High Demand
The A-Block of Lake City Meadows (formerly State Life Phase 1) remains the most mature and sought-after sector, with full possession, constructed homes, and ready infrastructure. Due to scarcity and strong buyer demand, 5-marla plot prices have surged to PKR 1–1.35 crore, while 10-marla plots now command PKR 1.65–2.35 crore, and 1-kanal plots range from PKR 2.5–3.75 crore. Brand-new houses are also available, priced from PKR 2.5 crore (5 marla) to PKR 10 crore (1 kanal).
House Price
PKR 17428/sq.ft
YoY +4.35%
Plot Price
PKR 6758/sq.ft
YoY -14.68%
Commercial Price
PKR 27648/sq.ft
YoY +45.07%