About ring road Rawalpindi
The ring road venture is the long-awaited project in twin cities; Islamabad and Rawalpindi. Th The ring road venture is the long-awaited project in twin cities; Islamabad and Rawalpindi. is project was introduced long before 1991 but due to constant changes in government, it was left unattended. The basic reason behind the construction of this road is to provide ease to the heavy flow of traffic coming from the federal city to residential areas nearby. Here’s the road map for this scheme:
- This route extends from Rawat and ends at Lahore-Islamabad Motorway
- Its route (in length) will be 32 km
- 2-Link Roads will be connecting ring road Rawalpindi to Grand Trunk road
- There will be commercial areas on both sides
- Project (in width) will be 300 ft
- The ring road includes 6 flyovers, 3 interchanges, and 10 overhead bridges
- The ring road development and planning is authorized to Punjab Highway department and NesPak respectively
- The project is set out to link both national highway with Islamabad international airport at Rawat.
- Several roads will also connect to Rawalpindi ring road
The main purpose is to control traffic flow, to improve the economy and make transportation system from one place to another real quick. It will also help to plan urbanization towards the southwest side in a synchronized manner. Following are the positive outcomes of this development:
- Dismiss traffic on N-5.
- Reduce travel time for public transport and other commuting vehicles
- Upsurge investment opportunities and economic conditions, as well as, proximity to Islamabad international airport
- Minimize the travel time to linked housing societies
Impact of Rawalpindi ring road on real estate sector
The development of ring road will improve the business opportunities for the Islamabad property sector. It will benefit the projects in premises of M-2 motorway. The largest benefit goes to the area located near Islamabad international airport. The demand for property business will increase and most importantly, the problem to move from within societies will resolve. This project has caught the attention of both buyers and sellers or people looking for investment projects. Some housing projects have already started working on residential schemes where prices are rising with each passing day. recently, investors are all set to purchase land on Adyala and Chakri road demanding huge profits in return. It will surely be fruitful in the upcoming 3 to 5 years. Here’s the list of societies that are the talk of the town for investment deals:
DHA Phase 3, Islamabad
The classy housing society of DHA Islamabad is one of the most exclusive areas to purchase property in twin cities. It is considered one of the major real estate projects in the region offering top-notch features and facilities to its people. This sumptuous residential scheme already adores huge popularity among domestic and overseas investors. Therefore, upon completion of Rawalpindi ring road, it will add more value to this society.
Bahria town Phase 8 extension, Rawalpindi
If you are inquisitive and sorting out options where to invest, the swiftly developing housing scheme of Bahria Town Phase 8 Extension can provide you with a rewarding investment deal. It is known for its state-of-the-art set-up and absolute attention to detail, the project of Bahria Town has been forever favorite among local and foreign investors. The well-thought-out Bahria Town is no exception.
Capital smart city, Rawalpindi
The Capital Smart City was constructed alongside the eastern route of CPEC, which has drawn the attention of stockholders. After the approval of ring road Rawalpindi, it is probable to further emphasize its locality as an ideal housing society for property business. For those seeking to purchase real estate investment near the ring road, this society offers ravishing residential and commercial deals with superlative facilities. The scheme has a modern drainage system, continuous power supply, advanced security monitoring, and much more.
Investor’s perspective on real estate sector
Looking for future residence in most talked housing societies? Then, you have plenty of options available in private residential societies. You can easily purchase investment deals in an affordable range with the help of trusted real estate agencies. These societies have the potential to return much more than your expectation. If you compare the prices with recent statistics, you will be flabbergasted to know that it has increased 3 to 4 times than previous rates due to continuous development in the twin cities.
Even if you are an average investor or looking to purchase something for future residence, you have plenty of options in private housing schemes. Henceforth, you can purchase residential and commercial plots at affordable prices. Such land investments can potentially give you a much higher return compared with alternative investment options.
There is no doubt that this project will have a major impact on the prices of land along its way and it is safe to claim that the invested amount and land prices will increase by 2022. For the latest updates about the market trends in twin cities, stay connected to Right time Marketing Pvt Ltd.