04 August, 2018
Central Park Lahore Latest Development Updates and Prices
Property News
Central Park Housing Society is a perfect blend of contemporary features & state of the art planning. This is the place anyone can dream about. Central housing society is a promising undergoing project on the map of Lahore city. Central Park consists of 8 Blocks named A, B, C, D, E, F, G and H. The beautiful Central Park Housing Society Located eight kilometers away from the Lahore Ring Road (LRR)’s planned interchanged on Gajju Matah, this project is one of the many housing societies that advantage from the under construction LRR Southern Loop II (SL-II).
In many blocks, development is being carried out with fast pace, also possession available in developed areas. If you also have an interest in Central Park, in this piece of writing we will give you the current updates on development status and current market behavior. It has been noticed that investors are trying to mint there investment in developed sectors instead of underdeveloped sectors.
Development Status
Major development work is underway in three blocks, and the demands for those residential plots are currently high where property possession has been granted. These include Blocks F and G where currently the development is undergoing, while Blocks A and B are already home to a number of families. Also Block A is the only sector where property possession is available for almost all of the land as compare with other blocks.
How the market is behaving currently
According to the real estate experts, the prices of 10-Marla and 1-Kanal residential plots are on the hike currently. On the other hand the market behavior for 5-Marla residential plots are not obtaining that attention of buyers because development work in the only two blocks that feature this plot size is expected to be complete. The machinery in block H is yet to be carried out for development work. Real estate gurus are hoping that as soon as the possession for these plots will granted, more genuine buyers will head to this project.
NOC status
This residential project is a secure investment and a safe place to live in because it is one of those projects which are approved by Lahore Development Authority (LDA). It is among few housing society on Ferozepur Road past Gajju Matah that have an LDA NOC in hand. In addition to that, the society also has connections for all utility services available including that for Sui Gas.
Current market rates
It is surprising to note that in the absence of active real estate investors and thus dropped demand for plots in Central Park, property rates here didn’t drop. Instead, there has been a gradual rise seen in the value of 10-marla residential plots having better locations in certain blocks. To compare the rates recorded back in November, you must check our last blog on Central Park.
| Blocks | Plot Size | Price Range |
| A | 10 Marla | 4,700,000 – 6,500,000 |
| 1 Kanal | 7,000,000 – 1,050,000 | |
| B | 1 Kanal | 6,500,000 – 8,500,000 |
| 2 Kanal | 15,000,000 – 16,500,000 | |
| C | 10 Marla | 2,900,000 – 4,000,000 |
| D | 10 Marla | 3,400,000 – 5,000,000 |
| E | 5 Marla | 2,100,000 – 2,800,000 |
| F | 10 Marla | 2,600,000 – 5,500,000 |
| G | 10 Marla | 4,000,000 – 7,000,000 |
| 1 Kanal | 7,200,000 – 9,000,000 | |
| H | 5 Marla | 1,700,000 – 2,100,000 |
Recommendation
Blocks C, D, and E, the sectors currently being developed and expected to be ready for possession handover by the end of this year, have emerged as the potential investor pullers in Central Park, where the experts believe that market prices can increase by another 20% to 30%. In the meanwhile, Blocks F and G are expected to pull genuine buyers looking to construct their houses right away.
We hope you found this blog informative, for more queries contact us at Apex Group “Converting Dreams into Reality”
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