NFC Phase II Development Updates Current Prices

Today we will share the news regarding where NFC Phase II currently stand. NFC Phase II is a secure gated project which is can be a perfect choice for investment. NFC Phase II is one of the tempting housing projects of Lahore that attracts the investors. NFC Phase II is located on the Main Canal Road at 15 minutes’ drive from Thokar Niaz Beg and Raiwind Road via Sharif Medical City Road. It is located at 20 minutes’ drive from Defence Road. Bahria Town Lahore and New Lahore City are the neighboring societies. Have Direct Approach to Lahore Ring Road Interchange. The Development progress is quite slow but going on with steady pace there. NFC Phase II is a striking residential project. Let’s have a look on development status first.

Development status

The Development started off in December 2017 and has been completed by almost 80% in Blocks A, B, C, D, E, G, and H. According to some reliable resources apparatus has been deployed in above mentioned blocks where work is being completed on laying the road beds. The carpeting of road network here is expected to be done as soon as work on electrification completes. Sewerage lines and underground pipes for gas have been laid successfully also water and electricity work is completed. Water tank has been installed successfully, while the company hired for carrying out the development work has also marked and fenced the areas for parks. The blocks where development work is completed expected to be handed over with the provision of electricity by the end of this year or start of the next.

Market trends

Market is currently behaving tepid, and it’s general in the case of all projects and societies that aren’t ready for possession. As rates of all plots here are much lower when compared with societies in the neighborhood, the buyers prefer a good deal instead of a particular plot size. The plot sizes are found fair abundance in NFC II. It seems that near future could bring in more investors as major developments are planned in the society.

Price trends

Currently a gradual drop is noticed in rates of residential plots, and this appears just natural in such market conditions. Property rates dropped in value by 2.5% on average the drop percentage also started to reduce during the last couple of months and it’s a positive thing. One more noticeable thing is the rate didn’t vary here location wise the prices are almost the same. Here are the price ranges of 5-marla, 10-marla and 1-kanal residential plots in the society.

The society makes an excellent choice for buyers looking for tempting gains in the medium term. This is the right time to invest in and avail the opportunity for high returns. We hope you will like this blog. If you have any questions feel free to contact us at Apex Group “Converting Dreams into Reality”