Al Kabir Town Latest Development Updates and Current Market Situation

Al Kabir Town is the answer to all the prayers of low to medium class income earners for a premium quality housing option. Al Kabir Town is a beautiful locality with standard features and facilities with flexible payment plan for residential plots that has surely caught the attention of investors. Al Kabir Town has two phases Phase 1 and Phase 2 both of which are located on Main Raiwind Road. Phase I is right next to the Beaconhouse National University, whereas Phase II is opposite Lake City.

Development Updates and Current News

Al Kabir Town Phase 1 is completed with two blocks A and B whereas Phase 2 has 8 blocks A, B, C, D, E, Ali, Umer and Usman. The strongest investment factor is the existence of small units such as 3 and 5 Marla plots. The price of 3 Marla plot costs Rs.1500, 000 while 5 Marla Plot cost about Rs.2500, 000. The development in Phase 1 is complete and the possession is also available. The construction of streets, roads, all basic utility connections are complete except the gas availability.  The facility of Sui gas will be provided after a year from now. 

Let’s talk about Al Kabir Town development in Phase 2, it is primarily complete in blocks A, B, and C whereas in Block D it is undergoing at a fast pace. The possession of plots in Block A and B is yet to be announced. According to the latest news, the development of a grand shopping mall and small grocery mart will also begin soon, although the Shopping Mall will take a few years to become on-ground.

Market Situation and Prices

Currently, one Marla price of a plot is PKR 500,000, which implies at a healthy investment potential. On offer are 3- and 5-marla plots, which are significantly smaller plots compared to the general market and these sizes have been introduced to cater to lower income brackets. A 3-marla plot helps people attain land, the value of which eventually increases over time, helping people to buy a larger piece of land later on.

The price increases here in the last year hint that the project is providing ample opportunities for this. Since its inception, there hasn’t been a dull moment in the project’s market activity. Up until now, most property dealers have earned a profit of PKR 600,000-700,000 on both 3- and 5-marla plots.

The installment plan for both plots spans over 3 years, with monthly installments as low as PKR 25,000 for 3-marla and PKR 41,000 for 5-marla plots. To bring in even more clientele, Phase II’s Umer Block has been introduced with a different installment plan which spans over 5 years, with even smaller monthly installments of PKR 10,000 for 3-marla and PKR 20,000 for 5-marla plots.

Al Kabir Town has a lot of opportunities and this seems the perfect time to invest and build your dreamland.

If you require more details and information about Al Kabir Town then contact Apex Group and we will keep you informed about the current updates.