Gujranwala’s real estate market hardly ever seems to go down (or stay in such a state for long). This is because most of its potential investors are businessmen. Convincing these individuals to avail potentially-rewarding real estate opportunities is relatively easier. Especially when compared to newbie investors, who are sceptical about everything when it comes to putting away their money.
For Gujranwala’s always-interested businessmen, Fazaia Housing Scheme is a hot property option!
Here is all you need to know about the society’s current state of affairs.
A word on the latest project developments
Fazaia Housing’s developer has lately been quite active in terms of penetrating the city’s real estate market. In addition to addressing existing investors’ concerns, the agency has also launched a host of new housing deals. In continuation of this round of developments, new booking slots for residential plots were announced on December 31, 2018.
Meanwhile, roadblocks obstructing the development work in the scheme have also been removed. The society has taken major steps to get more agents (and consequently more clients) onboard its residential units. And these efforts have started to pay off: Fazaia Gujranwala is currently being hailed as the city’s most active real estate project – in terms of attracting investor input.
As announced by the developer, the instalment files on current rates are available for a limited time. Buyers find this offer tempting, as the society’s rates are much lower than those demanded by Fazaia’s peer housing developments in the city.
Furthermore, prices are inclusive of developmental charges. And coupled with the fairly convenient and adjustable payment plan that is also on offer – investors really are faced with a win-win scenario at their disposal.
Understanding the market’s response
For all the right reasons, the booking offer has stimulated buyers. In fact, the rise in market demand for files issued under the old booking deal began to register (on property gurus’ radars) many months ago. Now the new deal has made investors even more enthusiastic about the project.
According to property agents operating in the city, Fazaia Gujranwala files are being traded like hot cakes!
The limited time offer has motivated investors to buy them as soon as possible. Buyers expect that the developer might increase file rates after the deadline expires. This is another factor that has contributed to the ‘hurry’ currently associated with this venture.
Is this a cue to veteran investors to hold their guns?
A look at the current development status
In its phase-I section, development work in Fazaia is underway at a brisk pace. In this regard, an agreement was inked with National Engineering Services of Pakistan (NESPAK) back in June 2018. NESPAK’s involvement has greatly improved the pace of infrastructural development in the project.
Currently, NESPAK is busy in laying a road network in phase-I. Sewerage and waterline facilities have also been installed.
What is planned next?
Based on how speedily the above-mentioned developments are realized, Fazaia may make a major announcement soon.
This may pertain to the eagerly anticipated balloting date for plot files. According to several property gurus, this date may arrive sooner than expected. However, the official word in this respect isn’t out yet.
The developer, according to sources, will include as many file owner as possible in the upcoming ballot. Investors also anticipate the same. New buyers (as has been noticed) prefer getting files transferred to their names, instead of keeping them open.
A policy statement on the particular files to be included in the ballot is also awaited. As soon as we get our hands on some solid information regarding this development, you will find a detailed update on Zameen News.
Furthermore, the official map for Fazaia Housing Scheme is also expected to be released along with the ballot results.
So there’s a lot to look forward to.
And what about possessions?
The fast pace of on-going construction work has convinced many that possession-approvals are expected soon.
Our well-informed sources claim that Fazaia Phase-I will be ready for possession in the next six to eight months.
His optimism rests on the fact that the developer has made bold attempts to make the society highly attractive for investment. So retaining investor interest, now, will only be possible if it honours its commitments (particularly with regard to meeting development deadlines).
For more updates on Fazaia Housing Scheme Gujranwala, stay tuned to Zameen Blog. If you have any feedback to share on this article or a query for us, please let us know by leaving a comment below.