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State Life Merger 26 May 24

The document describes The Lake City Holdings Private Limited, a large residential community in Lahore, Pakistan. It provides details on existing and planned developments, including villas, shops, schools, and amenities. It also discusses proposed upgrades to merge and develop an existing housing society into the larger community.

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PoPo Yob
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0% found this document useful (0 votes)
153 views

State Life Merger 26 May 24

The document describes The Lake City Holdings Private Limited, a large residential community in Lahore, Pakistan. It provides details on existing and planned developments, including villas, shops, schools, and amenities. It also discusses proposed upgrades to merge and develop an existing housing society into the larger community.

Uploaded by

PoPo Yob
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1

THE LAKE CITY HOLDINGS PRIVATE LIMITED

2
THE LAKE CITY MANAGEMENT COMPANY LIMITED

3
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City
 The principle business of The Lake City Holdings Private Limited is to launch
Schemes and provide Management Services in line with the companies
By-laws and Regulations, operating under the parent Company “The Lake City
Holdings Private Limited”
 Lake City is a State of the Art Golf Resort residential community spread over
20,000 Kanals approx., catering needs of local as well as overseas Pakistanis
 Located at Main Raiwind Road having direct access from Lahore Ring Road and
Pine Avenue
 Developed in line with Govt Specifications and maintained to the satisfaction
of the Residents
 The Scheme launched by The Lake City Holdings Private Limited are under the
Umbrella of CDC (Central Depository Company) as Trustee (SPV) to overlook
transparency and further Safeguards the Rights of Investors.

4
THE LAKE CITY HOLDINGS PRIVATE LIMITED
Ring Road
Master Plan

Raiwind Road

5
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Existing & Future Development of Lake City

 2700 Villas / Houses, Shopping Mall and 132 commercial Buildings


are on the inventory of Lake City so far and its adding 400-450
units annually

 Current population Approx 15,000 likely to swell up 100,000 plus


in next 3-5 Years

 In next 2-3 Years time, almost 100% of the Bella Vista will be
completely populated

 Lake City Bella Verde will be developed 100% with almost 50%
constructed in next 3-5 Years

6
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City Mall

7
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City Mall – Food Court

8
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City Down Town

9
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Business Bay & IT Park

10
THE LAKE CITY HOLDINGS PRIVATE LIMITED

EDUCATIONAL INSTITUTES
Scarsdale International Campus Rosan Islamic School

FROEBELS INTERNATIONAL

11
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Golf Course

12
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Golf Club

13
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Cinepax

14
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Sport Facilities at Lake City

15
THE LAKE CITY HOLDINGS PRIVATE LIMITED

RESTAURANTS

16
THE LAKE CITY HOLDINGS PRIVATE LIMITED

THE POET ROOF TOP

17
THE LAKE CITY HOLDINGS PRIVATE LIMITED

LIFE AT LAKECITY

18
THE LAKE CITY HOLDINGS PRIVATE LIMITED

The Golf Mansions

19
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Roof Garden

20
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Infrastructure Details
01 Road Network 90.68 KM
02 Sewerage Line 116.48 KM
03 Rain Water Drain 6.04 KM
04 Water Pipe Line 174.72 KM
05 Parks 498.69 Kanals
06 Green Belts 239.14 Kanals
07 Street Light Poles 2382 Poles
08 Mosques (capacity of 11000 persons) 04 Mosques
09 Water Filtration Plants 02 Nos.
10 Pumping Stations 05 Nos.
11 Overhead Water Tanks 06 Nos.
12 Turbines 07 Nos.

21
THE LAKE CITY HOLDINGS PRIVATE LIMITED

AMENITIES

22
THE LAKE CITY HOLDINGS PRIVATE LIMITED

The Grand Mosque

23
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City Parks

24
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City a Smart City

 24-Hours uninterrupted electric supply throughout the Lake City’s


residential and commercial area supported by Powerhouse.
 In Year 2023 (January to December) electricity shutdown in Lake City
was just 12 hours, whereas 622 hours electric shutdown was observed
in Lahore city by LESCO
 Round the clock fresh and sweet water supply through 175 KM
underground lines is ensured to the residents through 05-Overhead
water tanks and turbines
 Provision of clean drinking water to the Lake City residents through two
filtration plants
 IT Park is being developed to cater the need of social media, IT and
accessible communication

25
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Lake City a Smart City

 A security surveillance system is installed to provide security on Gates,


within society and sectors with backup force of quick reaction with
requisite arms / equipment
 The E-TAG Vehicle Access Control System is successfully operational.
 Regular maintenance and fumigation of area, parks, verges and green
belts.
 Sewerage services and waste disposal from door steps
 Door to door customer services for issues related electric, plumbing
and carpentry through skilled staff.

26
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Merger Proposed for


State Life Insurance Employees Cooperative
Housing Society Phase 1 & 2

27
Salient Features of Merger
• The Lake City will takeover all assets and liabilities of The State Life.
• On issuance of merger certificate, The Society, its management,
assets and liabilities shall exclusively vest in The Lake City.
• All members and allotments provided by the State Life in its all phases
at the time of execution of merger agreement, subject to verification,
will be treated as valid and lawful by The Lake City.
• Salient of liabilities
• To upgrade / re-habilitate the existing infrastructure /
development works of Phase-1
• To develop the land of Phase -2 (by contributing about 50%
subsidy)
• To deal with the deep excavated areas.
28
THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED UPGRADATION
AT
STATE LIFE HOUSING SOCIETY
(Phase-1)

29
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Challenges (Phase-1)
1. Accessibility (Entrance/Exit) and Society Gate
2. Infrastructure Re-habilitation / Upgradation
3. Provision of Security (Restricted Access through
Gated Community)
4. Provision of Amenities (Hospital, Community Center,
Society Office, Petrol Pump etc)
5. Removal of Stray Animals
6. Member / Resident Portal
7. Connectivity of Phase 1 & Phase-2
8. Street Lights / Parks

30
CHALLENGES (ACCESSIBILITY (ENTRANCE/EXIT) AND SOCIETY GATE)

Ring Road
C

B D

31
CHALLENGES (ACCESSIBILITY (ENTRANCE/EXIT) AND SOCIETY GATE)

X X

32
IMPROVED ENTRY
New loop

Underpass

Approx Cost – 1.5 Bn


CHALLENGES (ACCESSIBILITY (ENTRANCE/EXIT) AND SOCIETY GATE)

 State Life Phase-2 Main


Boulevard linked with State
Life Ph-1 Main Boulevard
through an underpass at
Kamahan - Lidher Road.

Underpass

Approx Cost – 2.3 Bn


To Ph-2
34
CHALLENGES (SECURITY)

Security
 Implementation of security measures
through gates, barriers
 Patrolling day / Night and maintaining
strong vigilance
 Erecting Fence or Wall where needed
 Surveillance through cameras to
regulate entry and exit and to enhance
the safety of residents and their
property
 Removal / Control of Stray animals
 Implement of procedures for
registering and monitoring visitors,
including Labour / House Servants
35
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities
Fence/Boundary Wall Where Required

36
CHALLENGES (INFRASTRUCTURE REHABILITATION)

Infrastructure Re-habilitation
 Installation of Filtration Plants
 Uplift / Provisional Maintenance of
Mosques

37
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities – Tentative Locations


Basic Medical Centers

Medical Centre
A Block

38
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities
Community Club

Community Club
E Block

39
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities
Petrol Pump

Petrol Pump
J Block

40
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities
Society Office

Society Office
J Block

41
CHALLENGES (LACK OF AMENITIES)

Addition of Amenities
 Food Chains

KFC, McDonalds
F Block
CHALLENGES (MEMBER / RESIDENT PORT)

Member / Resident Portal


 Basic Services of Electrician,
Carpenter, Plumber on one call
 Complaint Management
System
 Swift security alert / complaint
to security staff & control room
 Rapid Response by security
staff
 Monitoring of Services at the
highest management level.

43
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-1)

a) NO MERGER FEE will charged from members.

44
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-1)


a) Development of Sector G1, J and FF in line with the standards of Lake City Housing
Society/Scheme with no additional cost / surcharge. Any additional cost related to
development & upgradation will be borne by Lake City.

45
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-1)


a) Establishing management team to ensure the provision of Security & Maintenance of
Horticulture using our expertise as per Lake City Standards.

46
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-1)


a) Rehabilitation of existing infrastructure and Services to be at par with Lake City
Standards.
b) A separate maintenance team shall be deployed to ensure street light functionality.

47
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-1)


a) The existing locations and site of the parks will not be changed. All amenities provided
in the original plan in shape of Hospital, Community Centre shall be provided. Location
of residential plot belonging to any member will not be changed.

b) The running & maintenance cost shall be transparent for members. The cost will be
charged on actual basis by lake City. 48
THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED DEVELOPMENT
OF
STATE LIFE HOUSING SOCIETY
(Phase-2)

49
Salient Features of Merger (Phase-2)
4 Marla & 8 Marla ?
• On completion of merger process, possession of 5,337 Kanals shall be taken over by The Lake City
Holdings Private Limited forthwith. The Lake City thereafter shall take steps for the development and
transfer of ownership / title in accordance with law.
• The detail of existing provisional allotments of plots of various sizes duly issued till present day is as
under;
 Residential 14 Marlas – 5,010 Files
 Residential 07 Marlas – 1,740 Files
 Total - 6750 Files
• Due to paucity of land offered by State Life, after due diligence on the basis of information provided
by the management of State Life, The Lake City, shall provide the plot of following sizes to the
members in lieu of their earlier provisional allotment of a plot:
 08 Marlas developed plot against 14 Marlas (5,010 Files)
 04 Marlas developed plot against 07 Marlas (1,740 Files)
• Despite a sizeable shortfall in land offered by State Life, The Lake City will provide amenities and Parks
and horticulture etc as per standards set by Private Housing Scheme Rules.
• On approval of merger, the plots provisionally allotted by State Life shall be resized and renumbered
according to new layout plan.
• Cost of development will be subsidized by The Lake City and members will pay Rs. 2 Lacs per Marla.
50
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-2)


• NO MERGER FEE will be charged from members.
• NO ADVANCE. First Installment of Development charges shall be paid after
completion of 20 % Road Development work
• Development charges shall be paid in 05 equal installments every 6 months.
• Independent Grid Station
• Underground Electrification will be laid
• The work will commence immediately after approval of from LDA .
• The Ballot of plots shall take place after 6-8 months of the approval of Layout
Plan.
• Development Completion Time shall be 36 months after final approval.
• The plots shall be provided to the members over the land of Phase - 2
• All government approvals will be taken at the cost of The Lake City.

51
THE LAKE CITY HOLDINGS PRIVATE LIMITED

Salient Features of Merger (Phase-2)


• The process of surrender / exchange of files of the existing members of State
Life phase – 2 from Lake City will commence immediately after possession of
Phase-2 of land and.
• Every application submitted to The Lake City for issuance of new file /
allotment letter shall be preferably processed within 15 days from date of
application.

52
The Draft Layout Plan
Phase - 2

Phase- 1

Underpass

DHA Phase 9

Phase- 2

53
THE LAKE CITY HOLDINGS PRIVATE LIMITED

TOWN PLAN – PHASE 2 Residential


Maintenance Office Grid Station
Commercial
Amenities
Public Building
Parks

Phase - 1
Club

Society Office
Grand Mosque

School, Hospital
THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED 3-D VIEW OF COMMERCIAL HUB


THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED 3-D VIEW OF COMMERCIAL HUB


THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED 3-D VIEW


OF COMMERCIAL HUB
THE LAKE CITY HOLDINGS PRIVATE LIMITED

PROPOSED NUMBER OF PLOTS

PLOT SIZE NO OF PLOTS


8 MARLA (30'X60') 5010
4 MARLA (20'X45') 1740
THE LAKE CITY HOLDINGS PRIVATE LIMITED

AREA STATEMENT OF PROPOSED LAYOUT PLAN IN


COMPLIANCE WITH LDA BY-LAWS (4 & 8 MARLA)
LAND USE PERCENTAGE
RESIDENTIAL 47.02 %
ROADS/PARKING 33.46 %
PARKS / OPEN SPACES 7.6 %
COMMERCIAL 5%
PUBLIC BUILDING (LDA/ LC) 3%
GRAVEYARD 2%
MOSQUES 0.84 %
GRID STATION 0.63 %
SOLID WASTE MANAGEMENT 0.2%
OHWT 0.08 %
SOCIETY OFFICE 0.06 %
DISPOSAL STATION 0.06 %
TOTAL 100%
THE LAKE CITY HOLDINGS PRIVATE LIMITED

AREA STATEMENT OF PROPOSED LAYOUT PLAN IN


COMPLIANCE WITH LDA BY-LAWS (5 & 10 MARLA)
LAND USE PERCENTAGE
RESIDENTIAL 59 %
ROADS/PARKING 33.46 %
PARKS / OPEN SPACES 7.6 %
COMMERCIAL 5%
PUBLIC BUILDING (LDA/ LC) 3%
GRAVEYARD 2%
MOSQUES 0.84 %
GRID STATION 0.63 %
SOLID WASTE MANAGEMENT 0.2%
OHWT 0.08 %
SOCIETY OFFICE 0.06 %
DISPOSAL STATION 0.06 %
SHORT FALL 1251 Kanal
THANK YOU

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