Faisalabad: Dawood Heights, an upcoming commercial venture by Dawood Group, will be the tallest building in Faisalabad upon completion but that is not the only reason why it should be considered as the next best investment avenue of the city.
The ground-plus-14-storey structure occupies a prime spot on Chiniot Road – near the city’s most frequented commercial venue i.e. Ghanta Ghar. It is projected to generate up to 40% capital gains within the next three years.
Project Details & Location
The high-rise building is being developed on 2 kanals of land and will feature two basements dedicated to parking in addition to other amenities. Despite the fact that it is being built on modern architectural lines by keenly following the international construction practices, its location is the biggest factor behind the extraordinary demand seen for commercial outlets and luxury apartment units in Dawood Heights.
Here are the main pointers explaining its ace location in the centre of the city that’s known best for its textile industry:
- At walking distance from Ghanta Ghar
- 1-minute drive from PTCL Regional Office
- 5-minute drive from Chenab Club
- 5-minute drive from Serena Hotel
- 2-minute drive from the main gate of University of Agriculture
- 6- and 9-minute drive from DHQ and Allied Hospital, respectively
Investment Prospects & Expected ROI
The Tehsil Municipal Administration (TMA)-approved project is the only real estate development to offer apartment units in the vicinity of Ghanta Ghar – the city’s pinnacle linked to its famous eight bazars. Most of the business activity conducted in these bazars is related to textile products, including the replicas i.e. first copy of branded, unstitched dresses for ladies.
Considering this in mind, the commercial units in Dawood Heights are just perfect for setting up factory outlets or retail space for the highly-sought after replica cloths. This explains why businessmen are so keenly pursuing to claim their spot in this mega commercial building.
Based on the existing demand for these units, it is safe to expect that commercial units here are poised to generate up to 8% annual rental yield. Please note that the same are figures for commercial units in the existing buildings around Ghanta Ghar. Also, bear in mind that these plazas were constructed decades ago and do not feature the facilities available in commercial and/or apartment units in Dawood Heights.
Pricing & Payment Plan
Commercial and residential units in Dawood Heights are being offered at a reasonable price and that’s despite the fact that the project has no rival in the market right now. The main reason behind the attractive prices set for these commercial and luxury apartment units is to draw the attention of investors at large in order to prepare Faisalabad for future vertical developments.
In order to make it convenient for buyers to purchase a unit without facing any financial crunch, these properties are available on a two-year payment plan, where the booking amount is set at 25%.
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