Palm Vista Housing Society
Details
Palm Vista Housing Society was launched in 2014 and is an LDA-approved, gated residential community spread over 210 kanals. It offers affordable 3-marla and 5-marla plots with a 30% booking and three-year easy installment plan. The society provides modern amenities such as a Jamia mosque, security with CCTV, and commercial zones, making it a secure and convenient lifestyle choice.
- Developer: Palm City Developers, a well-known local real-estate firm
- Ideal For: Ideal for first-time homebuyers, small-budget investors, and families seeking a modern yet economical entry into Lahore's real estate market.
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Latest Updates
Principal Accused Muhammad Qasim Khan Arrested in Abu Dhabi; Extradition Process Underway
The National Accountability Bureau (NAB) Lahore has secured the arrest of Muhammad Qasim Khan, the principal accused in the Palm Vista Housing Society scam, in Abu Dhabi following an Interpol Red Notice. UAE authorities have formally requested extradition documents, translated into English and Arabic, for his surrender to Pakistan. Two other directors—Mahmoud Tariq and Amer Azeem—were previously arrested in Pakistan. The fraud allegedly deprived 295 investors of over Rs1.4 billion through illegal plot sales and false investment promises.
Ongoing Legal Action and Asset Recovery Efforts Against Palm Vista Fraudsters
NAB Lahore has frozen assets linked to the accused and is actively investigating offshore financial trails connected to the Palm Vista Housing Society scam. The case forms part of a broader provincial crackdown on fraudulent housing societies across Punjab. Officials emphasize enhanced international cooperation and mutual legal assistance as key enablers in shrinking safe havens for economic offenders.
Victims Continue Advocacy Amid Pending Compensation and Justice
For months, 295 affected investors have gathered outside NAB Lahore demanding justice and recovery of their investments. Victims—including Ishtiaq Ahmad, Hasan Waleed, and Malik Usman—allege the scheme oversold plots against a total landholding of only 205 kanals and operated a Ponzi-style investment model. They continue urging NAB to expedite compensation and legal redress.
House Price
PKR 14185/sq.ft
YoY N/A
Plot Price
PKR 2545/sq.ft
YoY N/A
Commercial Price
PKR 7222/sq.ft
YoY N/A
Affordable plot prices with flexible installment plans, making it accessible for budget-conscious buyers.
Offers a range of amenities including 24-hour security, CCTV surveillance, community mosque, commercial zones, parks, and underground electrification.
Conveniently located on Raiwind Road near Lake City, with easy access to major routes and nearby societies.
Gated community with 24/7 security and CCTV vigilance for a safe living environment.
Landscaped with palm trees and botanical gardens, providing serene and picturesque views.
Unclear LDA clearance status for some phases, with NOC approval still in process, raising legal concerns.
Mixed reviews on the reliability of promised infrastructure, with some concerns about unmet commitments.
Some users advise against investment due to issues like delays and approval uncertainties.
Occasional construction noise due to three-shift building activity, affecting living experience.
Reports of delayed possession for on-ground plots, causing inconvenience to buyers.