The Legacy and Leftovers of Seth Abid: A Glimpse into Lahore’s Walton Road
Lahore’s Walton Road has recently become a focal point for real estate enthusiasts and curious onlookers, as properties linked to the late Seth Abid have surfaced on the market. Seth Abid, a renowned Pakistani businessman and philanthropist, left behind an extensive portfolio of properties, some of which are now up for grabs. This development sheds light on the complexities and opportunities surrounding these assets.
The Story of Premier Villas
In the early stages of Lahore’s DHA development, areas like Super Town and Rifle Range Road were lush with greenery and rural charm, starkly different from today’s urban sprawl. Developers, recognizing the strategic location close to DHA and Walton Road, envisioned lucrative real estate projects. Eden Developers capitalized on this by establishing Eden Cottages in what was known as Korey Pind. However, their venture soon became controversial due to the illegal sale of land belonging to the Punjab Liquidation Board (Profit by Pakistan Today).
Seth Abid’s Ambitious Ventures
Seth Abid’s entry into this real estate haven came with the Fort Villas project. Phase I saw the construction of over two hundred homes, while Phase II remained undeveloped due to strategic and logistical hurdles. The land for Phase II, still vacant, sparked rumors of potential acquisition by DHA, but no official plans materialized. This undeveloped tract, now used for grazing by locals, highlights the unfulfilled potential of Seth Abid’s vision.
Market Dynamics and Legal Complications
The real estate landscape around Walton Road is further complicated by historical legal disputes and administrative challenges. Transactions in areas like Eden Cottages often lack proper legal documentation, resulting in significantly lower property prices compared to neighboring regions. For instance, a ten-marla house in a non-disputed area might cost around 30 million rupees, whereas a similar property in Eden Cottages could be purchased for half that price.
The properties left behind by Seth Abid near Lahore’s Walton Road encapsulate a mix of potential and unresolved issues. While some see opportunities for development and profit, others caution about the legal and administrative complexities involved. As these properties gradually come under the hammer, they serve as a testament to the intricate web of Lahore’s real estate history and the enduring legacy of one of Pakistan’s notable businessmen.
