MARKET now stable,but very slow. buying goingmon at Current levels.
Hopefully it will rebound in coming months.
The rates of developed phases like 1,2 4, 5 , 6 and 7 are less affected and location plots are demanding extraordinary prices. Phase 8 areas where construction is negligible rates are still under pressure or down.
CPEC projects will continue to make realestate sector more attractive and active.
Construction is booming due to new construction policy as steel and cement sales increased all over.
Governments Realestate friendly policy. TAX amnesty in Realestate construction. Increasing activity in construction significantlye.
Balance of Payment also improved in this government. Pakistan is trying hard to make improvement in that area against all odds. The near future outlook appears very positive.
Chinese investors are keen to invest in Pakistan, In CPEC projects creating great amount of confidence in every sector of Pakistan including real estate sector. Furthermore Russia ,Iran oand Turkey also included in CPEC creating more attraction in Pakistani property market.
The rates for `1000 sq yds plots varies between 14 crors to 16 crors in phase 6 and phase 8 where the population of houses is saturated. furthermore rates of very good location 500 sq yds plots in developed or populated areas is between 7 cror to 9 cror
500 yds residential plot in D-CUTTING phase 8, the price IS 6.5 cror To 7.5 cror ( rates of plots varies with streets & location) Sahil 300 yd plot is 3.75 cror , sahil 500 yd around 4.95cror. Defence streets phase 8, 4.75 cror.
2000 SQ YDS PLOT MINIMUM PRICE 18 CROR.
2000 yds category residential plots in 3rd belt of phase 8, below 30th street is around 26 cror crores and prices above 20 street is upto to 35 crores.(approx).
The 500 sq yd brand new house is now priced around 11 -15 cror,
Used old houses can be bought at lower prices depending on the condition of the house. either 500 1000 or 2000.
1000 sq yds HOUSE is priced around 24 cror plus and 2000 sq yd is price around 55 crors plus for top quality and top location houses. Although there are lower priced houses according to their location and quality.
If you are interested in buying creek vista apartment there. The price of four bedroom apartment is around 7.25 crors . AS far as EMAAR project at Cescent bay in phase 8 is concern , it consist of many building and few of them like 5 buildings seems to be completed or nearly finishedz