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Buying a Flat in Faisalabad

Faisalabad, located in Punjab, is usually compared with the city of Manchester because of its exceptional textile industry. The city is surrounded by Chenab River, which irrigates the city’s countryside for the production of vegetables, fruits, maize, sugarcane, wheat and cotton. Being home to so many industries, Faisalabad has always been a centre of business. Plus, the motorway and airport make the city more accessible for businesses. A few years ago, there was little to no concept of apartments in Faisalabad but the idea is leading to the construction of many new projects now. This is also one of the reasons why you would be unable to find many flats in the older areas of the city.

Types of Flats in Faisalabad

When it comes to quality and design, all the flats in Faisalabad are relatively new. The interior and exterior both are based on modern architecture and details. Majority of the apartment buildings can be found on Canal Road and Jaranwala Road. A lot of them are just residencies, which offer additional amenities as well as a basement, parking, parks, security, power backup, modern elevators, etc. With that, they also offer a variety in the type of apartments. You can choose from studio apartments as well as from 1, 2 and 3-bedroom apartments.

Most of the apartments can be booked in advance because only a few have been constructed completely. You can still buy a flat that is in its construction phase and have the possession received later. Those looking for a studio apartment can choose between 1 to 2.5 marla units. The city also offers a fine variety of 1-bedroom flats measuring 2.5 marla and, if you desire a bigger space, 4 marla. 2-bedroom apartments for sale in Faisalabad are even more spacious as they are available in 3 to 5 marla. Buyers with bigger families can also go for 3-bedroom apartments.

Sale Price Trends for Flats in Faisalabad

Most of the projects for flats are in progress, so the prices of flats in Faisalabad vary with different factors. Area, construction quality, and location of a project are a few of them. The starting price of a 1 marla single bedroom studio apartment starts at PKR 38 lakh. Again, it usually depends on how old the flat is. However, if you are thinking of investing in a project that is under construction, you can pay around PKR 20 lakh as the first instalment for a 1-bedroom apartment worth PKR 37 lakh. You can pay the rest of the amount later. For a fully developed apartment, PKR 77 lakh is the starting price. Right now, Canal Road is the most popular society for buying flats that are not just affordable but are also built with high-class facilities and architecture.

Schools, Universities & Hospitals in Faisalabad

Only a few people know that Faisalabad is home to the largest children’s hospital in Asia called ‘Children Hospital & Institute of Child Health.’ Other than that, Faisalabad Institute of Cardiology, The National Hospital, Shifa International Hospital, and Allied Hospital are known to provide top-notch healthcare facilities in the city. Universities here offer almost all the majors from fashion design to medicine and engineering. Leading universities include National Textile University, University of Agriculture, GC University for Men & Women, and University of Faisalabad. Among these necessities, Faisalabad accommodates several notable schools like The City School, Beaconhouse School and Faisalabad Grammar School.

Facilities & Security in Faisalabad

The city doesn’t stay behind when it comes to entertainment facilities as it hosts horse racing, squash, snooker, billiards, table tennis, kabbadi, association football, weightlifting and hockey tournaments throughout the year. The country’s oldest cricket stadium, called Iqbal Stadium, is also located here.

For transportation, the Metro Bus Service is in the works to make the commute easier for the residents. Faisalabad’s public transport is also in very good shape. Most of the trade in the city happens through its dry port. Plus, there is a motorway that connects it to other cities and an airport that makes local and international travel easier. Gated societies have their own facilities like uninterrupted electricity and water supplies and security check posts. Faisalabad police handle the major security concerns within the city. There is a district police station connected to local stations. These stations are sub-divided into Lyallpur division, Madina division, Iqbal division, Jaranwala division, and Sadar division.  

Shopping & Restaurants in Faisalabad

Faisalabad has a lot to offer when it comes to food. It doesn’t matter if you are into fast food chains or local restaurants, the city has everything for you. Famous local restaurants are Khayyam Restaurant, Baba Tikka Shop, and Sariya’s Sip n Bite. For fine dining, you can head to Oriental Restaurant, Dynasty Restaurant, and Options. Even international food chains like Subway, Domino’s and McDonald’s are present in the city. So, finding a good spot to eat would be the least of your worries if you are planning to move here.

Reasons for Investing in Faisalabad

The sale price trends of properties in Faisalabad is changing constantly and the land of the city is becoming more valuable with the passing years. In fact, the property market here has flourished to the extent that even foreign and local builders and investors are showing their interest in the city. Other than that, industries keep developing and, in one way or another, these factors do have some very positive effects on the sale of properties in Faisalabad. Even local developments like Metro Bus will soon make the city even more convenient and easier to live in. If you plan to live in Faisalabad, the city is not going to let you down. There are many schools, colleges, universities, societies, and malls. The electricity and water supplies are intact and industries are developing constantly. The city is well on its way to make its mark in the list of the most progressive cities of Pakistan.