PA vs State Life Insurance Cooperative Housing Scheme

INTRODUCTION:

Park Avenue Housing Scheme is located opposite Lake City, just a 2 minutes’ drive away from LDA Interchange, Ring Road, Lahore. The housing scheme is LDA Approved and is developing rapidly.

The society offers both Commercial and Residential plots on easy installments with 20% down payment. Moreover, a Green Park Avenue drive is on-going in the society aiming to cover 25% of the society’s land with trees.

State Life Insurance Cooperative Housing Scheme is located close to the Lahore Ring Road opposite Sui Northern Office and DHA. The housing society was registered in 1988, under the provision of the Cooperative Housing Society Act 1925. The housing society provides the employees of State Life Insurance Corporation of Pakistan, a private residential scheme.

COMPARISON:

Park Avenue Housing Scheme and State Life Cooperative Housing Society, both are quite suitable options if one is considering to get plots on installments in Lahore or buy 5 Marla plots. However, as similar as both societies are in terms of amenities, there is a massive difference in payment plans and a few other features that are necessary to look for if one is looking to buy 5 Marla plots in Lahore or any other city. All of these points will be discussed in this blog in detail. Following is an introductory amenities comparison table for the two housing societies;

*Park Avenue Housing Scheme is LDA Approved and thus will have a Sui Gas connection once 20% of the total number of plot holders begin to reside in the society.

RESIDENTIAL PLOT SIZES:

COMMERCIAL PLOT SIZES:

RESIDENTIAL PAYMENT PLANS:

Park Avenue:

State Life:

Phase-1

Block-A:

5 Marla: 69 to 73 Lacs

1 Kanal: 153 to 168 Lacs

Block A-EXT 5 Marla: 47 to 65 Lacs

Block-B:

1 Kanal: 161 to 183 Lacs

Block-C:

1 Kanal: 135 to 155 Lacs

Block-D:

1 Kanal: 137 to 163 Lacs

Block-E:

1 Kanal: 130 to 170 Lacs

Block-F:

10 Marla: 103 to 131 Lacs

Block-G:

10 Marla: 88 to 127 Lacs

Block-G (EXT):

5 Marla: 24 to 3

3 Lacs

10 Marla: 42 to 57 Lacs

Block-J (EXT):

10 Marla: 43 to 67 Lacs

Phase-2

Block- A:

14 Marla: 27 to 29 Lacs

Block- B:

14 Marla: 25 to 29 Lacs

Block- C:

14 Marla: 26 to 28 Lacs

Block- E:

7 Marla: 17 to 19 Lacs

Block- F:

3.5 Marla: 13 to 15 Lacs

Block- J:

14 Marla: 25 to 27 Lacs

COMMERCIAL PAYMENT PLANS:

Park Avenue:

State Life:

Not Available Currently

CONCLUSION:
State Life Cooperative Housing Society is an LDA Approved society. Its new extensions have been approved yet but they are under process which just shows that the society is serious about its legality.

Park Avenue is also an LDA Approved society. And unlike State Life, Park Avenue has a proper online presence, and has its original scanned NOC posted all over its social media platforms as well as the society’s website so that it is easier for potential buyers to access it. (https://parkavenue.pk/lda-approval/)

As mentioned earlier, State Life Cooperative Housing Society has no official website or social media account anywhere which makes one’s research difficult. Moreover, this is the age of technology and people prefer housing schemes to have their developmental updates posted online rather than visiting the society.

Park Avenue’s development is quite impressive. And developmental updates in the form of pictures, videos, and stories are posted regularly on Instagram and Facebook. Moreover, the society website is maintained properly and a live chat option is available for you to get your queries answered in a matter of seconds.

Therefore, Park Avenue’s LDA Approval, similar amenities and affordable payment plans, and an active online presence make it much more suitable for getting plots on installments in Lahore than State Life.