Housing Societies

Housing Cooperatives are intended to provide better and cheaper houses especially to the low and middle income groups who, otherwise, cannot afford to own houses through individual efforts. These cooperatives are also supposed to assure their members substantial savings in housing cost through group actions. The Housing Cooperatives have a great potential in meeting the housing needs of the growing population and in generating economic activity in the country. They are functioning on the cooperatives principles of self-help, self-finance, mutual aid and self-governance.

Revenue Generation

Government revenue is generated through:

  • Capital Value Tax (CVT) (2%)
  • Stamp Duty (2%)
  • Property Tax

More than PKR 1 Billion per annum from Cooperative Housing Societies e.g. PECHS (Valencia / Izmir) paid Rs. 90 Million app. in 2010 - 2011.

Total Societies in Punjab

Name of Division Total Societies Functional Non - Functional Under Liquidation
Lahore 146 106 20 20
Rawalpindi 34 26 07 01
Multan 14 12 02 --
Faisalabad 16 15 01 --
Gujranwala 11 11 -- --
Sargodha 17 08 04 05
Bahawalpur 05 05 -- --
Sahiwal 10 06 -- 04
D.G.Khan 01 01 -- --
Total: 254 190 34 30

Comparative Table Lahore District

Description Plots Percentage
  Cooperative Housing Societies 106809 29.5
  Lahore Development Authority (LDA) 103000 28.5
  Housing and Urban Development Department 4705 1.3
  Private Housing Schemes 138503 38.3
  Lahore Improvement Trust (LIT) 8425 2.4
  Total 361442 100%