The Pakistan Atomic Energy Housing Society (PAEC) in Lahore has emerged as a sought-after residential community, offering a blend of affordability and strategic location. For potential homeowners and investors, understanding the current pricing dynamics of plots and houses within this society is crucial. This article provides an in-depth analysis of the latest prices, features, and investment potential of properties in PAEC.
Location and Accessibility
Situated on the main Canal Road, directly opposite Bahria Town, PAEC boasts a prime location. For those traveling from Thokar Niaz Baig towards Bahria Town, the society is conveniently positioned on the right, with Bahria Town on the left. The proximity to the Lahore Ring Road interchange, just a 1-2 minute drive away, ensures seamless connectivity to major city areas.
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Legal Status and Development
PAEC is a 100% LDA-approved society, ensuring its legitimacy and adherence to development standards. Spanning approximately 1,000 kanal, the society is organized into four blocks: A, B, C, and D. Its well-planned infrastructure includes 100 to 150-foot-wide roads, enhancing traffic flow and contributing to the area’s aesthetic appeal.
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Residential Plot Sizes and Current Prices
PAEC offers a variety of residential plot sizes to cater to diverse needs:
5 Marla Plots: Prices range from PKR 5.5 million to PKR 6.5 million, depending on the specific location within the society.
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10 Marla Plots: These are available between PKR 7.5 million and PKR 10 million, with factors like corner plots or park-facing locations influencing the price.
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15 Marla Plots: Priced from PKR 12 million to PKR 13.5 million, offering ample space for larger residences.
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1 Kanal Plots: Starting at PKR 15 million and going up to PKR 20 million, ideal for expansive home constructions.
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These prices are notably more affordable compared to neighboring Bahria Town, where similar-sized plots can be significantly higher.
House Prices in PAEC
While the primary focus has been on plot sales, constructed houses within PAEC also present attractive opportunities. The price of houses varies based on size, construction quality, and specific location within the society. For instance, a well-constructed 10 Marla house may range between PKR 15 million to PKR 20 million, while a 1 Kanal house could be priced between PKR 25 million to PKR 35 million. These figures are approximate, and it’s advisable to consult with local real estate agents for precise valuations.
Infrastructure and Amenities
PAEC is equipped with essential utilities and facilities that enhance the living experience:
Utilities: The society provides underground electricity, gas, and water supply, ensuring uninterrupted services to residents.
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Security: As a fully gated community, PAEC offers 24/7 security with surveillance systems, ensuring a safe environment.
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Recreational Spaces: Beautifully maintained parks and green spaces contribute to a serene and healthy lifestyle.
Educational Facilities: A school is currently under construction within the society, aiming to provide quality education to residents’ children.
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Comparison with Bahria Town
One of PAEC’s standout features is its affordability relative to Bahria Town. For example, a 5 Marla plot in PAEC costs between PKR 5.5 to 6.5 million, whereas the same in Bahria Town can range from PKR 12.5 to 13 million. This significant price difference makes PAEC an attractive option for those seeking value without compromising on location and amenities.
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Investment Potential
From an investment standpoint, PAEC shows promising potential:
Upcoming Commercial Developments: The society has allocated spaces for commercial plots, with announcements expected soon. This development is likely to boost property values.
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Steady Residential Growth: An increasing number of residents and ongoing construction of homes indicate a thriving community, enhancing the appeal for future buyers and tenants.