Being one of the major roads connecting central parts of the city with the areas located in city’s south, Ferozepur Road has immense potential. Many real estate developers are eyeing the neighbourhood for launching their new projects. And that’s in addition to the area becoming more so popular due to the inauguration of Lahore Ring Road’s Southern Loop II.
Due to low transaction volume recorded in the city, the land located along Ferozepur Road, especially in areas and societies located beyond Gajju Matah is much lower than its optimum price. In fact, property rates here hasn’t really gone up in the last one year. As and when investors head back to the market, this part of the city will spring to life.
Here is a quick overview of what’s currently happening in major housing societies located along Ferozepur Road.
Central Park Housing Scheme
It is one of the largest housing schemes on the road and many of its blocks are in shape to serve the end users. Out of its eight blocks, four have been developed and delivered, while development work in four is currently put to a halt. It is expected that development work in these blocks will resume during the first quarter of 2019. In the meanwhile, there has been little to no demand in these blocks and consequently a gradual yet subtle drop of 10% is reported there.
On the other hand, property demand and rates have remained consistent in the developed blocks. Our sources operating in the society have revealed that the genuine buyers looking to construct their homes in the near future are more interested in buying 10-marla plots in Blocks A, F and G.
To have a look at the available options and property rates, you can browse our listings page for plots for sale in Central Park.
It is among the few developed housing societies where developed blocks are available on an instalment plan. The society was launched some months ago and despite the fact the investment volume poured into the property sector is comparatively lower, 80% of the inventory for Palm City has been sold out.
The society features residential plots sized 5-marla, 7-marla and 10-marla. Possession of these plots is available on down payment, which is 30% of the plot’s total price. As per the agents operating in Palm City, the society has started to welcome residents, where as many as 50 houses are under construction.
There is also premium on plots enjoying prime locations. To have a clear idea of current market price or proceed with buy a plot, you should visit our property listing pages for plots for sale in Palm City.
Bahria Town has only developed 30% of the society and will be launching new booking once it sees the neighbourhood ripe for offering prime plots on appropriate rates. In the meanwhile, the recently launched plots in Bahria Nasheman’s Sunflower and Zinia Blocks have been sold out with only a few more plots left. Furthermore, Lahore Development Authority (LDA) approval for these two blocks is also under process.
The society is pretty much in shape and home to around 30 families. With major developments planned in the near future, Bahria Nasheman could easily benefit from its accessible location on Ferozepur Road and also the fact that many people already call it home.
Those interested in buying a plot here can browse the available options on our listings for plots for sale in Bahria Nasheman.
Grand Avenues Housing Scheme
The society was launched in 2011 and ever since then, rates here have gone up by three times. It shares its boundary with the Defence Housing Authority (DHA)’s upcoming Phase X, property files for which are being traded in the market. The society has completed its formalities to get an NOC from the LDA, which is now taking its time to issue the approval.
Demand here is higher for developed and on-ground plots in Blocks A and B. In the meanwhile, the society continues to attract more people looking to construct their homes right away. At the moment, 30 applications for map approval for houses rest with the developer. The society is already home to around 50 families.
You can learn more about the current rates as well as compare these with the property prices in other developments of the neighbourhood by visiting the pages dedicated to plots for sale in Grand Avenues.
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