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Prices begin to soar in AWT’s Phase II - Zameen News
 

Prices begin to soar in AWT’s Phase II

March 9, 2016 • news

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Army Welfare Trust (AWT)’s Phase II has been around for quite a while, yet the society is still witnessing price ascents. According to sources, these price rises are not associated with activity in the society but can be attributed to the infrastructural developments in the vicinity.

Situated near Raiwind Road, the society now has alternative routes leading up to it and the improvement of Raiwind Road itself is a major reason for this project’s increase in popularity among investors. Nestled between Bahria Town and the Sui Northern Gas Society, the location of AWT is the key reason why the society is faring well.

Options

The society has 8 blocks – A, B, C, D, E, F, G and H. Currently, 10-marla and 1-kanal plots in Phase II are up for grabs. Possession was granted approximately five years ago and rates have steadily increased since then.

Presently, a 10-marla plot is worth PKR 3,000,000- PKR 4,000,000 based on location and the value of a 1-kanal plot falls between PKR 4,000,000 and PKR 7,000,000.

Real estate activity

There is good buying and selling activity in the society right now, according to sources. However, there is no new development work currently underway, which is why agents completely attribute the current price hikes to external infrastructural development.

Accordingly, this may be a good time for investors who are looking for a good opportunity to sell their plot. It is also a good time for those who wish to construct houses in the society. According to sources, 50% of the owners of plots are genuine buyers and 50% are investors.

Over the past two years, the society has experienced a 20% increase in prices. In the future, a steady increase will probably continue to be seen but no major price hike should be expected.

Therefore, I reiterate my point: if you were waiting to sell your plot, this is the time to do it!