Grand Avenues Housing Scheme
Details
Grand Avenues Housing Scheme is a modern, gated and fully planned residential community developed by Urban Developers Associates in partnership with VESTA Developers. Located on Ferozepur Road, it is in close proximity to major areas like Kalma Chowk, DHA Phase 10, and the Lahore-Kasur Motorway. The scheme offers complete infrastructural development with wide roads, extensive parks, and comprehensive utilities, making it a secure and well-serviced environment for contemporary living.
- Developer: Urban Developers Associates, in partnership with VESTA Developers. Urban Developers is a renowned firm with over 30 years of experience in the Pakistani real estate market.
- Ideal For: Ideal for families, investors, and homebuyers seeking a modern, secure, and well-connected residential community with complete amenities and strong investment potential.
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Latest Updates
NAB Initiates Legal Action and Compensation for Grand Avenue Housing Scheme Victims
The National Accountability Bureau (NAB) Lahore is actively pursuing cases against the Grand Avenue Housing Scheme, holding open hearings for affected buyers. NAB has directed swift investigations into complaints of fraud, delayed allotments, and unfulfilled promises. In a significant development, the DG NAB announced that victims who have paid over 50% of the total amount may be eligible for recovery worth three times the paid amount. The bureau is committed to auctioning confiscated assets of the accused to fund compensation and has set deadlines for investigation teams to resolve cases, including registration issues for other affected housing societies.
Grand Avenue Housing Scheme Faces Scrutiny as an Illegal Project
Authorities have flagged the Grand Avenue (Grand Avenues) Housing Scheme as an illegal and potentially fraudulent project. The scheme, located on Ferozepur Road, is under investigation, and the public has been strongly warned to verify its approval status with the Lahore Development Authority (LDA) before investing any funds. This caution aligns with broader crackdowns on unauthorized housing societies in Lahore.
House Price
PKR 9966/sq.ft
YoY +45.59%
Plot Price
PKR 2155/sq.ft
YoY -7.28%
Commercial Price
PKR 11243/sq.ft
YoY N/A
Prime location on Ferozepur Road with easy access to highways, hospitals, and proximity to Lahore city.
Modern gated community with wide roads (150-foot main boulevard, 80-foot inner roads), high-quality infrastructure, and amenities.
Fewer land disputes compared to nearby schemes like Central Park, with most land already acquired in blocks A and B.
Relatively low plot rates offering good potential for long-term investment and profit, especially after LDA approval.
Short-term living is problematic due to lack of utilities and infrastructure; not suitable for immediate residence.
Pending LDA approval, with legal status uncertain and delays in obtaining necessary clearances.
Prices have been declining, and investment returns are uncertain until approvals and utility connections are secured.
Lack of basic utilities including electricity, water, gas, and proper sewerage system, making immediate living difficult.