Central Park Housing Society

 

Society information

 

Urban Developers:

 

Urban Developers established in 1980. They said to present innovative architectural and planning philosophy, high standards of construction management and a professional team geared to service delivery. Urban Developers are working to fulfill residential needs of a growing high/middle-class by building quality living concepts and offering them at affordable prices.After developing their first project; The Punjab Cooperative Housing Society, they started to build residential schemes and commercial projects. Find below the details of their projects.

 

Urban Developers’ Projects:

 

In these 30 years Urban Developers have launched following projects:

 

Air Avenue Housing Scheme Lahore:

Urban Developers started this housing scheme in front of Lahore airport. They developed the scheme inline with international standards without compromising on quality of work. This is the reason that D.H.A. (Defense Housing Authority) merges Air Avenue Housing Scheme in their Phase-VIII and now its management is handed over to D.H.A.

 

Central Park Housing Scheme Lahore:

This is on Ferozpur Road, Lahore. 22 Km away from Kalma chowk towards Kasur. Read below complete details on it.

 

I.T. Tower Lahore:

It is at the back side of famous Al-Hafeez Center and Pace of Gulberg. Al-Hafeez Center is comprised with I.T. related goods, first it was about computers and now both mobile and computers. At the back of it couple of plazas established with the increasing demand of telecommunication. I.T. Tower is also there under construction with the theme to create a modern and technological advance plaza for I.T. related businesses and commercial activities.

 

Air Avenue Luxury Apartments Lahore:

These apartments are constructed in their previous housing scheme with the name of Air Avenue Housing Scheme which has later become D.H.A. (Defense Housing Authority) Phase-VIII. As per Urban Developers it is unique kind of apartments with category of 2 and 3 bedrooms. It has independent entrance lobby and approach from spacious car parking.

 

Salient Features:

 

Find below salient features of Central Park Housing Society:

 

A vast central park of 500 Kanals

 

Jamia Mosque

 

Medical College, hospital with modern amenities

 

Huma Cash 'n' Carry on 96 Kanals of land

 

Underground electrification system

 

1 - 4 year easy installment plan

 

150ft, 100ft, 80ft and 40ft wide carpeted roads

 

Availability of electricity, water and gas

 

Educational complexTwo playgrounds

 

Clinic

 

Central Park Housing Society Payment Plan

Payment Plan:

 

5 and 8 Marla is the balloting area and it is 4 year plan of payment. On the other hand 10 Marla, 1 and 2 Kanal are developing area which has 3 year plan of payment. Find below the payment plan of plots according to each category:

 

5 Marla Plot:

 

On Booking: 10% which will become Rs. 82500/-

 

First Year: Rs. 7,900/- per month

 

Second Year: Rs. 11,900/- per month

 

Third Year: Rs. 17,900/- per month

 

Fourth Year: Rs. 20,000/- per month

 

On Possession: Rs. 50,000/-

 

8 Marla Plot: On Booking:

 

10% which will become Rs. 132,000/-

 

First Year: Rs. 9,900/- per month

 

Second Year: Rs. 19,900/- per month

 

Third Year: Rs. 29,900/- per month

 

Fourth Year: Rs. 32,633/- per month

 

On Possession: Rs. 80,000/-

 

10 Marla Plot:

 

Above mentioned price of 10 Marla plot in table is lump sum price. Otherwise if you wish to pay in 3 years installments then following price and payment plan will be applicable.

 

Price of Plot if you pay in installments: Rs. 1,425,000/-

 

On Booking: 10% which will become Rs. 142,500/-

 

36 per month installments: Rs. 32,847/-

 

On Possession: Rs. 100,000/-

 

1 Kanal Plot:

 

Above mentioned price of 1 Kanal plot in table is lump sum price. Otherwise if you wish to pay in 3 years installments then following price and payment plan will be applicable.

 

Price of Plot if you pay in installments: Rs. 2,475,000/-

 

On Booking: 10% which will become Rs. 247,500/-

 

36 per month installments: Rs. 57,708/-

 

On Possession: Rs. 150,000/-

 

2 Kanal Plot:

 

Above mentioned price of 2 Kanal plot in table is lump sum price. Otherwise if you wish to pay in 3 years installments then following price and payment plan will be applicable.

 

Price of Plot if you pay in installments: Rs. 4,375,000/-

 

On Booking: 10% which will become Rs. 437,500/-

 

36 per month installments: Rs. 103,819/-

 

On Possession: Rs. 200,000/-

 

Note:

 

Find below the extra payment you have to pay if you wish to buy any of below special plot.

10% extra of the total price of plots for Corner or Facing Park or on 80 feet wide road

15% extra of the total price of plots for 150 feet wide road

15% extra of the total price of plots for 80 feet wide road and corner, 80 feet wide road and facing park or Facing park and corner.

 

Investment at Central Park:

 

MoU has been signed in between Central Park and D.H.A. (Defense Housing Authority) and according to their official note, Central Park is soon going to merge in D.H.A. so hold your plots because their prices will soon increase. According to their official, D.H.A. audit team is in Central Park nowadays and as they complete the audit it will merge in D.H.A. Well if it goes as they assume than there are lot of chances that plots prices would go high and one could get benefit of it.

 

Otherwise if it don't go as they assume then there are no chances of any profit because there are not any houses, just twenty or twenty five. However person in office tell me the constructed house no. as 65. Still there are not much houses and it is far away from city that it is not going to develop early.