{"id":55380,"date":"2019-04-25T06:52:39","date_gmt":"2019-04-25T06:52:39","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55380"},"modified":"2019-04-25T06:52:41","modified_gmt":"2019-04-25T06:52:41","slug":"updates-citi-housing-gujranwala-apr-2019","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/updates-citi-housing-gujranwala-apr-2019.html","title":{"rendered":"The Latest Buying Trends and Prices of Citi Housing Gujranwala"},"content":{"rendered":"\n

Citi Housing Gujranwala needs no introduction. <\/p>\n\n\n\n

Being one of Citi Housing\u2019s earliest residential projects, the scheme is also widely hailed as a top-notch gated community in Gujranwala city.<\/p>\n\n\n\n

Phases of Citi Housing Gujranwala<\/strong><\/h2>\n\n\n\n

The project comprises three phases: I, II and WAFI Citi (Phase III). <\/p>\n\n\n\n

The\nfirst two phases are fully developed and sold out, and currently feature a lot\nof resale activity taking place. WAFI Citi, in contrast, is undergoing\ndevelopment work, and is expected to be completed in the near future.<\/p>\n\n\n\n

This\nblog provides an update on the overall buying trends and prices that have been recorded\nfor the society \u2013 as of April, 2019. As mentioned earlier, the first two phases\nhave reached a saturation level in terms of development and habitation. <\/p>\n\n\n\n

Phase III, however, still continues to attract genuine buyers (people interested in taking up residence over the long haul). It consists of blocks EE, FF, GG, and HH.<\/p>\n\n\n\n

Citi Housing Gujranwala on the Map<\/strong><\/h2>\n\n\n\n

Citi Housing Gujranwala is situated along the city\u2019s\nUpper Chenab Canal area. It is accessible by two major highway routes: GT Road\nand Canal Road. <\/p>\n\n\n\n

WAFI Citi sits adjacent to Phase I, and can only be reached by passing through the said project section.<\/p>\n\n\n\n

\"The
Location of Citi Housing Multan on the maps<\/figcaption><\/figure>\n\n\n\n

What\u2019s in Store for\nInvestors and Genuine Buyers?<\/strong><\/h2>\n\n\n\n

The recent property slump in the country has also affected Gujranwala\u2019s real estate market adversely – among a host of other cities\u2019 localized property domains. Citi Housing is one of those residential schemes that have witnessed a noticeable decline in property prices. <\/p>\n\n\n\n

Other\nthan through bearing the brunt of this national market dynamic, the project\u2019s slow\npricing trend has also been caused by the recent introduction of a customer registration\nprocess. All potential residents now have to pay a CVT and Stamp Duty fee on\ntheir chosen properties.<\/p>\n\n\n\n

But to\nease some of the pressure of property purchases, the management has also \u2013\nsimultaneously – introduced a new timeframe policy to facilitate buyers and\nsellers. Buyers are now allowed to complete the property-transfer process within\na three-month period. <\/p>\n\n\n\n

Not surprisingly, this administrative provision has attracted a number of new customers to the project.<\/p>\n\n\n\n

According to Hassan Basra of King\u2019s Real Estate, a Citi Housing residential plot measuring 5-marla<\/a> can be acquired at a price ranging from PKR 1.8 million to PKR 3.6 million. Similarly, the price of a 10-marla plot<\/a> in the society goes from PKR 3.8 million to PKR 7.5 million. <\/p>\n\n\n\n

A 1-kanal plot<\/a>, <\/strong>on the other hand,<\/strong> can be purchased for a price figure between PKR 9 million and PKR 13.5 million. <\/p>\n\n\n\n

Below is\na tabled representation of the project\u2019s plot sizes and their current prices.<\/p>\n\n\n\n
\n Plot Size (in marla)<\/strong><\/strong>\n <\/td>\n Plot Prices (in PKR)<\/strong><\/strong>\n <\/td><\/tr>
\n 5\n <\/td> 1,00,000 \u2013 3,600,000 <\/td><\/tr>
\n 10\n <\/td>\n 3,800,000 \u2013 7,500,000\n <\/td><\/tr>
\n 20\n <\/td>\n 9,000,000 \u2013 13,500,000\n <\/td><\/tr><\/tbody><\/table>\n\n\n\n

As of the writing of this piece, the project developer has not communicated any official Citi Housing Gujranwala payment plan.<\/p>\n\n\n\n

Development Work<\/strong><\/h2>\n\n\n\n

At\npresent, most sections of the society have been declared liveable<\/em>. <\/p>\n\n\n\n

The older\nblocks, as indicated above, have already achieved full completion status \u2013 with\npossessions granted. Also, almost 85% of the development work in WAFI Citi has\nbeen finalised. Construction work on residential properties is taking place at\nan unprecedented pace. <\/p>\n\n\n\n

As of now, very few houses remain that are still undergoing construction. <\/p>\n\n\n\n

In terms of project features, the residential scheme comes inundated with several state-of-the-art facilities; such as a theme park (inaugurated in April 2018), commercial centres, and an efficient underground electrification system. Additionally, the society\u2019s acclaimed Citi Housing Gujranwala cinema attraction (built within the commercial zone), entrance sculptures (of Hellenistic inspiration), and world-class restaurants have proven to be hugely popular with resident families.<\/p>\n\n\n\n

\"Theme
Recently inaugurated theme park in the society<\/figcaption><\/figure>\n\n\n\n

The project\u2019s inhabitants are also particularly fond of visiting the Citi Housing Gujranwala zoo, as well as the Citi Housing Gujranwala theme park.<\/p>\n\n\n\n

\"Citi
Deer enclosure is one of the famous spots of the society<\/figcaption><\/figure>\n\n\n\n

Available Investment Options<\/strong><\/h2>\n\n\n\n

Basra sees WAFI Citi as the most preferable property purchasing option within the society from an investor\u2019s point of view. He bases his assessment on the observation that this particular phase has yet to achieve full development status. <\/p>\n\n\n\n

Currently,\nthe prices in WAFI Citi are moving at a snail\u2019s pace. In some blocks, several\nproperty market gurus have even reported a decline in Citi Housing Gujranwala plot rates. They\nbelieve that this pricing trend will persist for some time.<\/p>\n\n\n\n

In the\nproject\u2019s already developed phases, resale activity is on an all-time upswing.\nResidents are actively negotiating their house costs with potential buyers. <\/p>\n\n\n\n

Basra\nfurther says that all the hype, which previously characterised the society\u2019s open\nmarket profile, is fading slowly. He associates this popularity shift with the\ndevelopment status of the project; now converted into a largely habitable location\n(following a strenuous period of 12 years).<\/p>\n\n\n\n

So are you ready to invest in Citi Housing Gujranwala? If you\u2019ve got any queries related to the project that require urgent answering, please reach out to us through the Zameen Forum.<\/p>\n","protected":false},"excerpt":{"rendered":"

Citi Housing Gujranwala needs no introduction. Being one of Citi Housing\u2019s earliest residential projects, the scheme is also widely hailed as a top-notch gated community in Gujranwala city. Phases of Citi Housing Gujranwala The project comprises three phases: I, II and WAFI Citi (Phase III). The first two phases are fully developed and sold out, and currently feature a lot of resale activity taking place. WAFI Citi, in contrast, is undergoing development work, and is expected to be completed in the near future. This blog provides an update on the overall buying trends and prices that have been recorded for the society \u2013 as of April, 2019. As mentioned earlier, the first two phases have reached a saturation level in terms of development and habitation. Phase III, however, still continues to attract genuine buyers (people interested in taking up residence over the long haul). It consists of blocks EE, FF, GG, and HH. Citi Housing Gujranwala on the Map Citi Housing Gujranwala is situated along the city\u2019s Upper Chenab Canal area. It is accessible by two major highway routes: GT Road and Canal Road. WAFI Citi sits adjacent to Phase I, and can only be reached by passing through the…<\/p>\n","protected":false},"author":79,"featured_media":55381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11051],"tags":[643,7313,17789,366],"persona":[],"class_list":{"0":"post-55380","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property","8":"tag-citi-housing","9":"tag-citi-housing-gujranwala","10":"tag-citi-housing-scheme-in-gujranwala","11":"tag-gujranwala","12":"cat-11051-id"},"acf":[],"yoast_head":"\nLatest Updates on Buying Trends in Citi Housing Gujranwala for April 2019 | Zameen Blog<\/title>\n<meta name=\"description\" content=\"Are you looking to invest in Citi Housing Gujranwala? 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