Elite Town
Details
Elite Town Lahore is a mixed-use housing scheme launched in 1998, located on Ferozpur Road near Kalma Chowk and adjacent to DHA Phase 8. It offers a range of residential and commercial plots with modern architecture, wide-road access, and basic utilities in progress. The scheme is designed to provide a comfortable and secure lifestyle, leveraging its proximity to major arterial roads for easy connectivity across Lahore.
- Developer: Chohan Real Estate Consultants & Developers
- Ideal For: Ideal for families, investors, overseas Pakistanis, and entrepreneurs seeking affordable, LDA-approved properties in a developing yet well-connected neighborhood.
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Latest Updates
Active Property Listings Persist Despite Scandal
Despite the ongoing legal scandal, real estate listings for Elite Town properties continue to be actively marketed. A video from April 2026 advertises a 5 Marla house for sale, described as a bargain investment opportunity with modern amenities. This indicates that while the society's reputation is severely damaged, some market activity and attempts to attract buyers continue.
NAB Arrests Principal Accused and Facilitates Recoveries in Housing Society Scandal
The National Accountability Bureau (NAB) has taken significant action against the Elite Town Housing Society scandal. As reported in June 2025, the principal accused has been arrested and a corruption reference is pending trial. In a related case, NAB Lahore has facilitated recoveries of over 47% of actual investments for more than 2,200 victims of the Formanites Housing Society scandal, with efforts underway to address new claims. The bureau is actively pursuing settlements to recover funds for affected investors.
Investor Concerns Over Stunted Growth and Reputational Damage
Potential and current investors express deep concerns about Elite Town's viability. In online forums, an investor who purchased a house questions if it is a 'dead investment' due to the owner's arrest for selling non-existent plots. Market observers note that property value appreciation in Elite Town is expected to be only 3-4%, significantly lower than the 10% or more seen in established societies like DHA or Bahria Town, reflecting its tarnished reputation and high-risk profile.
House Price
PKR 5237/sq.ft
YoY N/A
Plot Price
PKR 1842/sq.ft
YoY N/A
Commercial Price
PKR 7475/sq.ft
YoY N/A
Promises basic community amenities such as a park, mosque, and commercial strip, with modern architecture.
Low-cost plots and homes available, including affordable 10-marla and larger plots.
Layout appears to have received TMA approval, indicating some level of regulatory compliance.
Convenient location on the main Ferozepur Road corridor, providing easy access.
Legal battles over ownership due to fraudulent sales and unresolved complaints.
Residents still waiting for NAB-promised reimbursements or resolution of their complaints.
Inadequate security measures and poor maintenance services within the society.
Developer's key figure arrested by NAB for selling non-existent plot files, leading to widespread scam allegations.
Poor road construction, delayed or incomplete utility connections (water, electricity, sewage), and unfulfilled infrastructure promises.