Bankers Town
Details
Bankers Town Cooperative Housing Society is a legally approved and fully developed gated community in Lahore, initiated by former employees of the Bank of Punjab. It offers affordable yet high-standard living compared to neighboring premium schemes, with easy access to Ring Road and adjacency to State Life Phase 1 and DHA Lahore. The community features secure gated entry, well-planned plots from 5 Marla to 2 Kanal, and modern utilities like electricity, gas, water, and sewerage.
- Developer: Former employees of the Bank of Punjab
- Ideal For: Ideal for middle-income families, first-time homebuyers, and investors seeking cost-effective properties near Lahore's major residential zones.
Map-calculated
In total
In total
Latest Updates
NAB Distributes Rs341 Million to Bankers City Housing Scheme Victims, Total Recovery Exceeds Rs1.2 Billion
The National Accountability Bureau (NAB) has disbursed Rs341 million to 476 victims of the Bankers City Housing Scheme scam, bringing the total recovered amount in this two-decade-old case to Rs1.209 billion — more than two and a half times the original investments. The disbursement ceremony was held in Islamabad and Rawalpindi under the supervision of NAB Chairman Lt Gen (retd) Nazir Ahmed. Land valued at Rs25.079 billion and 640 kanal and 11 marla of property have also been transferred to NAB for future victim compensation.
Bankers City Scam: Longstanding Fraud Uncovered in 2006, Formal Investigation Launched in 2007
The Bankers City Housing Scheme scam first surfaced publicly in 2006, prompting a formal NAB investigation in 2007 after numerous complaints. Though registered with SECP in 2003 and claiming ownership of 14,000 kanals across Islamabad, Rawalpindi, and Haripur, investigations revealed the land was neither approved nor consolidated. Misleading advertisements and forged documentation were used to collect funds from hundreds of investors, while no plots were ever delivered.
House Price
PKR 18334/sq.ft
YoY +4.51%
Plot Price
PKR 7881/sq.ft
YoY -20.16%
Commercial Price
PKR 31294/sq.ft
YoY +71.33%
Adjacent to DHA Phase 7 and close to DHA Phase 10, offering potential for future property value appreciation.
Features wide boulevards and roads (40-150 feet wide) that enhance connectivity and aesthetics.
NOC-approved and fully developed, ready for construction, ensuring legal security.
Includes ample green parks and a quiet, community-oriented layout.
Offers affordable and reasonably priced plots and houses, making it accessible for budget-conscious buyers.
Known for a friendly, respectful neighbourhood with good security presence.
Some legal issues in the past related to management, but mostly resolved now.
Proximity to the Hudaira drain causes unpleasant odors on certain plots.