Police and rescue officials said the incident occurred when the children were playing on the site and jumped into the pond for the sake of taking a bath. All the children were aged between nine to 14 years.
The rescue officials have retrieved the bodies and shifted them to local hospital for completing legal formalities.
Four of the victims were identified as Abdullah, Maqsood, Zubair and Armaan.
Meanwhile, the area people blamed the water board officials and builders for the negligence. They stated the leaking water from the pipeline accumulated in the pond which is three to four feet deep.
On April 25, two children drowned while swimming in Phuleli canal and three others were rescued. The drowning incident happened in Khamiso Jogi village near Hursi in Hyderabad.
The deceased children have been identified as nine years old Ramji Jogi and seven years old Haresh Jogi.
The three survivors were rescued by the local divers and were shifted to Liaquat University Hospital for medical checkup.