{"id":20650,"date":"2016-05-05T18:22:28","date_gmt":"2016-05-05T13:22:28","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=20650"},"modified":"2020-06-15T13:41:52","modified_gmt":"2020-06-15T08:41:52","slug":"golf-view-residencia-sees-price-surge","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/golf-view-residencia-sees-price-surge.html","title":{"rendered":"Golf View Residencia sees price surge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/Golf-View-Residencia.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-20653 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/Golf-View-Residencia.jpg\" alt=\"Golf View Residencia\" width=\"600\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/Golf-View-Residencia.jpg 600w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/Golf-View-Residencia-300x175.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/Golf-View-Residencia-537x313.jpg 537w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>I have been updating you about developments in Bahria Town Lahore\u2019s <a href=\"http:\/\/www.zameen.com\/Plots\/Lahore_Bahria_Town_Golf_View_Residencia-8198-1.html#reference\">Golf View Residencia (GVR)<\/a> for quite some time now. In my previous posts on the project, I discussed the effects of the Lahore Ring Road (LRR) on GVR and today I am going to discuss the price surge that this project has been experiencing over last few days.<\/p>\n<p>Malik Riaz, during his recent meeting with Bahria Town Lahore\u2019s affectees, claimed that development work would be started in GVR within a month and told members to stop paying instalments (if any) until the commencement of infrastructure development. Furthermore, he outright said that the LRR would not cut through GVR.<\/p>\n<p>These statements have led to a property price surge in the locality. According to sources, the sale price of 1-kanal plots in the locality has seen a PKR 500,000 to PKR 1,000,000 increase and same is the case with the 10-marla lot.<\/p>\n<p>Currently, 1-kanal plots range between PKR 10,000,000 and PKR 11,000,000 in value, while for 10-marla category, the market price range is PKR 5,500,000 to PKR 6,000,000.<\/p>\n<p>You must also note that prices of properties in the Southern Zone are comparatively lower than those in the Northern Zone.<\/p>\n<p><strong>Availability of land<\/strong><\/p>\n<p>Bahria Town claims that it owns all the land required for the project. Moreover, rumours about the shifting of the project from its current location to somewhere near Bahria Orchard do not seem to hold any gravity at all.<\/p>\n<p>You can just access the Northern Zone of the locality up to plot # 319 from Sector C of Bahria Town, which is adjacent to GVR. Please see the image below to have a better idea. Southern Zone, on the other hand, shows no traces of development, which is why property prices are comparatively lower in this zone.<\/p>\n<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/This-point.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-20651\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/This-point.jpg\" alt=\"This point\" width=\"600\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/This-point.jpg 600w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/This-point-300x175.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/This-point-537x313.jpg 537w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><strong>Issue of LRR<\/strong><\/p>\n<p>If the LRR cuts through GVR, it will affect plots as shown in the image below. However, I am really hopeful that Malik Riaz\u2019s claim about this issue is accurate.<\/p>\n<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/IMG-20160207-WA0044.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-20652 size-full\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2016\/05\/IMG-20160207-WA0044.jpg\" alt=\"IMG-20160207-WA0044\" width=\"1537\" height=\"1077\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/IMG-20160207-WA0044.jpg 1537w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/IMG-20160207-WA0044-300x210.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2016\/05\/IMG-20160207-WA0044-537x376.jpg 537w\" sizes=\"auto, (max-width: 1537px) 100vw, 1537px\" \/><\/a><\/p>\n<p><strong>Should you invest in GVR right now?<\/strong><\/p>\n<p>Property prices in GVR have increased after the announcements made by Malik Riaz. These prices can spike further if development work begins within the stipulated time. Otherwise, investor sentiment will start to wobble once again and rates will most likely follow a downward trend.<\/p>\n<p>So, I think people should wait until the start of development work in GVR and make an investment decision right after that.<\/p>\n<p>I am not being a pessimist at all. I just want people make an informed decision and not play the game in haste.<\/p>\n<p>GVR was launched more than 3 years ago. Many investors have already paid all the instalments. Even though some of the investors stopped paying instalments because of the controversies faced by the project, Bahria Town didn\u2019t cancel their plot files.<\/p>\n<p>The project has another access from Raiwind Road, according to its map, and has the potential to offer massive returns to investors if Bahria Town abides by its promises.<\/p>\n<p>Let\u2019s hope for the best. As always, I will be available for further discussions in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have been updating you about developments in Bahria Town Lahore\u2019s Golf View Residencia (GVR) for quite some time now. In my previous posts on the project, I discussed the effects of the Lahore Ring Road (LRR) on GVR and today I am going to discuss the price surge that this project has been experiencing over last few days. Malik Riaz, during his recent meeting with Bahria Town Lahore\u2019s affectees, claimed that development work would be started in GVR within a month and told members to stop paying instalments (if any) until the commencement of infrastructure development. Furthermore, he outright said that the LRR would not cut through GVR. These statements have led to a property price surge in the locality. According to sources, the sale price of 1-kanal plots in the locality has seen a PKR 500,000 to PKR 1,000,000 increase and same is the case with the 10-marla lot. Currently, 1-kanal plots range between PKR 10,000,000 and PKR 11,000,000 in value, while for 10-marla category, the market price range is PKR 5,500,000 to PKR 6,000,000. You must also note that prices of properties in the Southern Zone are comparatively lower than those in the Northern Zone. Availability of&hellip;<\/p>\n","protected":false},"author":14,"featured_media":20653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15019],"tags":[3066,3067,1402,3026],"persona":[],"class_list":{"0":"post-20650","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-research-analysis","8":"tag-bahria-town-lahore-update","9":"tag-golf-view-residencia-ring-road","10":"tag-lahore-ring-road","11":"tag-update-on-bahria-golf-view-residencia","12":"cat-15019-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Golf View Residencia sees price surge - Zameen News<\/title>\n<meta name=\"description\" content=\"I have been updating you about developments in Bahria Town Lahore\u2019s Golf View Residencia (GVR) for quite some time now. In my previous posts on the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/golf-view-residencia-sees-price-surge.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Golf View Residencia sees price surge - Zameen News\" \/>\n<meta property=\"og:description\" content=\"I have been updating you about developments in Bahria Town Lahore\u2019s Golf View Residencia (GVR) for quite some time now. 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