Rightly said, we are a queue follower (speaking in general), even if that leads to no where.
However, fortunately or unfortunately, CDA prime sectors F/G/I, or ST. Town despite hugely overvalued are benefited with the Universal Benchmark for Real Estate, i.e., 'Location' considering the proximity to down town Capital and official/economic areas. Institutes/Offices etc. from Sector F-5 to H-12 and ST. Town B, D block are likely to stay there for the rest of foreseeable future, unless there is a dramatic change of plan and fast paced decades of development to shift those to somewhere else. BT due to quality of development and facilities will remain decades ahead of CDA and alike entities, however, even if the Expressway has been made an 8+ lane on each side, post Gulberg Route, moving out of ISB on official hours can be a night mare to travel, same with the GT road.
Quality of development somehow compensates to some extent for the location (e.g., BT-P8, B-17), etc. but ask any tenant commuting to work in suburbs of ISB he/she will probably settle for 5 Marla, old unit than a 10 Marla brand new for same price in favor of Location and Access. Far off location will add to commute time, exhaustion in traffic, fuel price and with multiple family member (Parents working and kids to schools/colleges/universities), that can be a nightmare.
There is a difference between Renting and Construction preferences. For rental, those sectors can be hot property but for constructions and own property far-off but quality projects are on the rise.
Another factor is also the old classical Supply-Demand, for now BT-RWP beyond Phase 5 has oversupply of both commercial and residential, compared to the above mentioned CDA sectors and also on the basis of Proportion of Commercial to Residential.
There is a scenario too where one can 'rent out' his house in lets say P-8 or B-17 and with that rent he can 'rent in' a smaller home for him/her-self in those sectors.
159 days ago