Nespak Housing Scheme Phase 2 Site 2

Site 2, Nespak Housing Scheme Phase 2, Main Canal Bank Road, Lahore, Punjab, Pakistan

Details

Gated Community 24/7 Security Modern Utilities Landscaped Parks Prime Location

Nespak Housing Scheme Phase 2 – Site 2 is a gated, LDA-approved residential community developed by the NESPAK Engineers Cooperative Housing Society. It offers well-planned plots from 5 Marla to 1 Kanal in a clean and organized environment with key amenities like 24/7 security and modern utilities. The scheme is strategically located near major commercial and educational hubs, providing a peaceful and secure lifestyle for residents.

  • Developer: National Engineering Services Pakistan (NESPAK) Engineers Cooperative Housing Society
  • Ideal For: Ideal for families seeking a peaceful, secure lifestyle and investors looking for high-growth residential locations with strong resale potential.
AREA(Kanal)
1039+

Map-calculated

block
2

In total

Plot
--

In total

Approved
Yes

Latest Updates

Lahore Development Programme Phase 2 Progress and Official Oversight

The Lahore Development Programme (LDP) Phase 2 is progressing significantly, with over 66% of target streets completed (5,774 out of 8,780) as of April 2026. High-level meetings chaired by the Deputy Commissioner review the pace, directing consultants including NESPAK to ensure inspections and maintain quality, transparency, and timelines. Phase 1 has been fully completed, and Phase 2 is on track to meet its deadlines.

Nasir Bagh Underground Parking Project Nears Completion

The underground parking project at Nasir Bagh, Lahore, supervised by NESPAK, has achieved major structural milestones. Piling and capping beam works are 100% complete, with excavation at 92%. Foundation works like raft concrete pouring are advancing (59% complete). Once finished, it will ease parking congestion while preserving the area's heritage value.

Active Real Estate Market within Nespak Housing Scheme Phase 2

The real estate market in Nespak Housing Scheme Phase 2 remains active, with numerous residential plots and houses listed for sale on major property portals. Listings for 1 Kanal plots range in price, indicating sustained investor and buyer interest in the locality. Carpool requests from residents also point to a liveable, occupied community.

City Star Residencia Apartment Project Fully Operational in Nespak Phase 2

City Star Residencia, a residential apartment complex within Phase 2 of the Nespak Housing Scheme, is now a fully developed and occupied community. All 12 buildings are complete, with underground utilities functional. Marketed as offering luxury and convenience near Canal Road, the project's success reflects the broader acceleration of housing delivery in the area.

Pestimate
Investment analysis
Investors
Conservative investors, families seeking a peaceful residential environment, and long-term capital appreciators.
Recommend
For rental income: consider building or purchasing completed houses in Phase 2. For capital appreciation: focus on plots in Phase 2, especially as infrastructure development progresses.
Holding period
3-5 years
Tips
Opt for LDA-approved properties, avoid file investments, monitor the completion of road and utility upgrades, and diversify investments across different plot sizes and locations within the scheme.
Investment Risks
Key risks include limited public transport access, underdeveloped commercial amenities in Phase 2, potential delays in infrastructure completion, high entry prices, and susceptibility to macroeconomic fluctuations in the real estate market.
Reviews

Planning and Infrastructure

 

Clean, well-planned gated estate with organized layout.

Community Facilities

 

Mosque and graveyard available.

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Recreation

 

Ample parks and jogging tracks.

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Security

 

24-hour security.

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Location and Accessibility

 

Location on Canal Road provides easy access to Bahria Town, DHA, LDA Avenue, Raiwind and Multan Roads, making commuting convenient.

Utilities

 

Sui gas, LESCO electricity, filtered water plants, and functional sewerage system.

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Traffic

 

Traffic congestion on the main entry routes.

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Electricity

 

Sporadic power outages during peak load-shedding.

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Maintenance

 

Delayed maintenance responses.

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Developer Response

 

Slower developer responsiveness.

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Pricing

 

Higher plot prices compared with older societies.

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Construction Quality

 

Occasional construction-quality concerns.

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Drainage

 

Drainage flooding during heavy rains.

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Water Supply

 

Occasional water-supply irregularities.

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