Deep down in our hearts, we all want to own a vacation home – a comfy sanctuary that offers escape from the mundane and bustling life of the city. And for many in Pakistan, owning a summer home in Murree, for instance, sounds like a good idea. But, in practice, such an undertaking depends on a buyer’s judgment; since investors willing to purchase or construct resort towns are conscious of taking up safe transactions (which offer lucrative returns).
For stakeholders, legal loopholes impeding the sale, purchase, or transfer of land (especially in hill stations) can cause a lot of frustration.
This piece deals with Murree Resorts – a residential project that focuses on providing the right investment opportunities to facilitate the best financial outcomes for you, as well as to prevent potential buyers from having to deal with the stress associated with such pursuits.
Murree Resorts’ location
The project has lately become more accessible via Angori Road, which recently underwent four-feet-expansion on each side. Moreover, the development work on Angori Road has undergone 70% completion, and the part that connects it with the project site is now functional.
Being part of rural Murree in Patriata, the location offers a peaceful, calm, and serene environment; not to mention that all of the main attractions in mainland Murree are located at a short driving-distance from Murree Resorts; which sits conveniently close to Islamabad, Rawalpindi, and Murree proper.
The project spans 1,300 kanals and features four blocks: A, B, C and D. Block A has been completely sold, along with 95% of the plots in Block B. Moreover, the sale and purchase of plots in Block C is currently underway, while the developers have already commenced with the development work in Block D.
According to the latest information, residential plot owners of Blocks A and B have constructed their cottages, whereas construction work on several vacation homes in Block C is underway. In the past, the developers offered it services to construct cottages on the plots, but recently they shifted their focus to completing development work in the remaining area.
You need not worry as you can still hire the services of designers and contractors to help you build your dream vacation home.
You should also note that some of these cottages recently completed are up for grabs in the property marketplace. Those on a hunt for a house for sale in Murree Resorts should note that the buyers get served on a first-come-first-served basis.
Summer season is marked with the highest number of real estate transactions recorded for plots and houses in Murree Resorts. This is because people who head to Murree for vacation purposes usually visit the project site, with most of them commencing with the deal finalisation. We bet you will do the same.
Same is witnessed when tourists head to enjoy snowfall in winters. You should know that the locality receives ample snowfall every year. Lately, the developer has arranged for some recreational facilities for people visiting the project site. These include ATV bikes, paint-ball guns, as well as hiking and fishing activities.
A look at prices
During the initial years of launch, the developers offered residential plots in Murree Resorts on a payment plan. Currently, all these plots are available on cash payments. But don’t worry, the rates are still pretty reasonable.
The property demand and rates in the neighbourhood have been constantly inching up in the past. And not to mention that some cottage owners also opt for renting out their homes when not in use; hence the reason for a surge in demand for rental properties in the locality.
Here is the current price of residential plots in Murree Resorts:
|5 marla||PKR 850,000|
|10 marla||PKR 1,600,000|
|1 kanal||PKR 3,000,000|
|3 kanal||PKR 7,500,000|
|5 kanal||PKR 10,000,000|
If you are in Murree or planning to head there soon, we recommend you visit the site in person. To book a site trip, you can get in touch with Rana Shahid at this number: +92-333-664-6999.
For more such information about different areas and projects, head on over to Zameen Blog, the best property blog in Pakistan.