NFC Phase 2 is located on Canal Road, Lahore, near popular areas like Bahria Town, New Lahore City, and the Lahore Ring Road. However, while the location is ideal, the society struggles with slow development and a lack of basic facilities. Let’s take a closer look at what NFC Phase 2 offers and if it’s worth considering for your needs.
Location of NFC Phase 2 Lahore
NFC Phase 2 is located above Multan Road and Canal Road, so it’s easy to reach from different parts of Lahore. If you’re coming from Thokar Niaz Baig and heading to Bahria Town, this society is right next to Bahria Town, about 18-20 kilometers away via Multan Road or Canal Road. The main entrance is on Multan Road, and you can also get there from the Lahore Ring Road interchange.
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Overview of NFC Phase 2 Lahore
NFC Phase 2 consists of 35 murabbas, which is equal to 7,000 kanals. This area is divided into 12 blocks, named from A to M. The blocks available are A, B, C, D, E, F, G, K, L, and M. The society provides residential plots in different sizes, such as 5 marla, 10 marla, and 1 kanal.
Litigation Blocks of NFC Phase 2 Lahore
Investors should be careful about some parts of the society that are involved in legal problems. Out of the 12 blocks, four blocks, like F, K, L, and M, are currently facing court cases. It’s better to avoid these blocks and consider the other eight blocks.
Residential Plots & Prices in NFC Phase 2 Lahore
5 Marla Plots
- Non-possession (Mod Gaj area): PKR 15 lakh to PKR 25 lakh
- Possession-ready: PKR 25 lakh to PKR 35 lakh
10 Marla Plots
- Non-possession: PKR 35 lakh to PKR 40 lakh
- Possession-ready: PKR 45 lakh to PKR 60 lakh
1 Kanal Plots
- Non-possession: PKR 45 lakh to PKR 50 lakh
- Possession-ready: PKR 65 lakh to PKR 95 lakh
Commercial Plots & Prices in NFC Phase 2 Lahore
If you’re an investor looking for business opportunities, NFC Phase 2 has 4-marla commercial plots available on the main road, costing around PKR 3.5 crores.
Development Status in NFC Phase 2 Lahore
NFC Phase 2 is located in a great spot. Right now, the society doesn’t have basic necessities like water, electricity, or gas, which are must-haves for living comfortably. Only a few houses have been built so far, and they depend on solar panels for power and bore wells for water. There are also no mosques, parks, or proper roads in the society.
This is a co-operative housing society and is managed by an elected committee chosen by the residents. This committee often deals with delays caused by internal disagreements, lack of money, etc. These problems have slowed down the society’s growth, so even though it is located in a great spot, it remains underdeveloped.
Investment Potential in NFC Phase 2 Lahore
From an investment point of view, NFC Phase 2 has both pros and cons. On the positive side, its location near Bahria Town, New Lahore City, and the Lahore Ring Road makes it a good option for long-term investment. The price difference between NFC Phase 2 and Bahria Town is quite big. On the negative side, in the society, basic necessities are not available. For example, a 5-marla plot in Bahria Town costs between PKR 80 lakhs and PKR 1.4 crores, while the same size plot in NFC Phase 2 is available for just PKR 30 lakhs. Similarly, a 10-marla plot in Bahria Town can cost up to PKR 2.5 crores, but in NFC Phase 2, it starts at PKR 45 lakhs. So, NFC Phase 2 is much cheaper compared to Bahria Town.
Recommendations
For Homebuyers
NFC Phase 2 is not recommended for those looking to build a house and move in immediately. The lack of basic utilities, amenities, and infrastructure makes it unsuitable for families. Instead, consider nearby societies like New Lahore City, which offer better infrastructure and amenities at a similar price.
For Investors
If you have the financial capacity for a long-term investment, NFC Phase 2 might be a good option for you. It is located in a great spot and is cheaper than Bahria Town. Just make sure you invest in blocks that don’t have any legal issues.
Conclusion
NFC Phase 2 is a place with a lot of potential because of its great location and good connections. However, it still faces development issues and doesn’t have many basic facilities, making it risky to live there right now. For investors who are thinking long-term, it could be a good chance to benefit from its future growth.
If you’re exploring options in this society, contact CDB Properties for expert guidance.
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