Real estate in Pakistan, especially around Bahria Town, Sukh chayn Garden and Victoria City, has been on a tear for the previous few years. The real estate sector is booming in Pakistan, which is why the property value is rising in areas around Victoria City, Lahore. Unquestionably, stuck property prices have risen considerably with these improved market conditions. But it’s one of the main reasons is the start of construction of shahkam chowk flyover.
Inauguration:
This project was under discussion for a long time. And finally approved by Chief Minister Punjab Usman Buzdar. He laid down the project’s foundation stone in the middle of 2021. And it was expected to complete this project in about 10 months.
Impact of Shahkam Chowk Flyover:
Any property in the world is valued on the basis of the approach. If a person can easily approach his office or home, his worth will be enhanced. This phenomenon is mainly for the job holders who have to travel on a daily basis. For instance, we would like to discuss Victoria City, Sukh Chayn Garden, Bahria Town and the area around.
People were facing heavy traffic load at shahkam chowk Lahore due to a lack of proper roads. The shahkam chowk flyover will play the main role by providing a signal-free road to overcome this problem.
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Property prices in Victoria City Lahore are expected to rise. The costs of houses in the city are already on the rise. However, we anticipate a 20-30% rise in prices within the next year or two. So, it will be one of the biggest opportunities for the investors in this huge project.
Completion of Mega Project:
This mega project was allocated around 10 billion rupees to complete and it was expected to have a functional flyover right after 10 months. However, engineering work and restrictions caused by the property owners on the way to the flyover caused the delay in this mega project. People were not ready to relocate. But authorities tried their best to accommodate the landowners and it was a win-win situation for all.
Now, the expected time to complete this project is May 2022. And soon it will be functional for heavy traffic.
Conclusions:
In the end, it is advised from CDB real estate company to start booking the plots of , 3, 5 and 10 marlas and 1 & 2 kanal residential plots and 5 marla commercial plots in Victoria City as soon as possible. Once the mega project of the shahkam chowk flyover is completed, the prices of all the properties around this flyover, including Victoria City, will be boosted. This is the right opportunity for the investors who are making their minds to invest in real estate.
For any kind of consultation, you can visit the CDB real estate website or call on given phone numbers. Also visit our youtube channel for latest updates.
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Contact : 03331115200
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