As the mega development project of Rawalpindi Ring Road is nearing its inauguration, many big investors have silently crept into the market hunting for the best real estate deals along its route. Despite many housing projects claiming to have future access through Ring Road, this is the right time to invest in the projects which are going to take maximum advantage of this new access road.
Our suggestion will be based solely on one single aspect, i.e. Location. Since location is the most important factor in real estate that overshadows everything else, you will earn maximum return on your investment in short term solely due to this one single factor.
Following are the highly recommended housing projects for investment along Rawalpindi Ring Road:
- DHA Phase 3
- Bahria Town Phase 8 Extension
- Rudn Enclave
- Capital Smart City
There are many other housing projects close to this route which we had mentioned in our previous blog, but we are restricting our recommendation to these 4 housing projects which are likely to get you maximum return in short term.
We will be sharing some important details about each of the above listed housing projects including physical location, development plan, current prices and expected return on investment within a year, so that you can understand each project and decide according to your budget and investment plan.
DHA Phase 3
DHA Phase 3 is one of the biggest phases of Defence Housing Authority which starts from Bahria Town Phase 7 and leads up to Rawat (new pindi scheme). It lies opposite to DHA Phase 2 and is easily accessible through multiple accesses on GT Road.
DHA Phase 3 (Serene City) is a developed and expensive area which lies adjacent to Bahria Town Phase 7 and Garden City, whereas DHA Phase 3 (New Pindi Scheme) is a non-developed and cheaper area which lies near Rawat.
Since Rawalpindi Ring Road starts from Radio Pakistan near Rawat, we will certainly choose the new pindi area of DHA Phase 3 for investment despite least development. As prices are comparatively lower in this phase, we can expect relatively higher returns in short term.
DHA Phase 3 (New Pindi) has the following plot sizes:
- 5 Marla
- 8 Marla
- 10 Marla
- 1 Kanal
Following are the average prices of each size of residential plots:
- 5 Marla price is nearly 25 lacs
- 8 Marla price is nearly 30 lacs
- 10 Marla price is nearly 45 lacs
- 1 Kanal price is nearly 70 lacs
Please note that we have given an average price without mentioning any block, so prices may vary according to block. Also please note that DHA Phase 3 (New Pindi) does not have any commercial plot, so investment options include residential plots only.
If we talk about the expected ROI due to location near upcoming Rawalpindi Ring Road, DHA Phase 3 prices are expected to rise by 70% to 100% in next 2 to 3 years. If physical development starts soon, the percentage return can even go up by 150% in comparison to the current prices.
