08 August, 2018
Regi Model Town Development Updates and Prices
Housing Schemes
Regi Model Town is a mega residential project & located opposite Hayatabad, Peshawar. The project was launched back in 1995-1996. Regi Model Town is divided in 5 zones. These Zones are featuring 3, 5 & 10 Marla residential plots. Regi Model Town is a centrally-located housing project which has provided people with a unique chance of investment.
Development & possession
The development progress here was really slow since this project launched. The reason was maybe the crisis or circumstance which Peshawar faced. But during the last five years the development sped up its pace. In last five years, there has been rapid development in terms of infrastructure, construction, and utility connections.
People have built their homes in zone 3 & 4 as they both zones are developed fully and also the possession is available there. But the Gas is not available yet in this society. While the development authorities have put together the right framework for construction of roads, streets and other utility connections, this is the one that remains.
Prices Trends
The rates of property here fluctuate significantly, main cause is differences in development. Zones III & IV are priced much higher as compared to Zones I, II, and V, because of their scope of development. Prices are as follows:
| Zone I | |||
| Property Size | Price | ||
| 5 Marla | 2,000,000 – 2,700,000 | ||
| 10 Marla | 4,400,000 – 5,500,000 | ||
| 1 Kanal | 7,000,000 – 9,000,000 | ||
| Zone II | |||
| 5 Marla | 1,200,000 – 1,800,000 | ||
| 10 Marla | 2,200,000 – 3,200,000 | ||
| 1 Kanal | 4,200,000 – 5,500,000 | ||
| Zone III | |||
| 5 Marla | 4,000,000 – 4,800,000 | ||
| 10 Marla | 6,000,000 – 7,800,000 | ||
| 1 Kanal | 8,500,000 – 10,005,000 | ||
| Zone IV | |||
| 5 Marla | 3,000,000 – 3,700,000 | ||
| 10 Marla | 5,800,000 – 7,000,000 | ||
| 1 Kanal | 9,000,000 – 10,010,000 | ||
| Zone V | |||
| 5 Marla | 1,000,000 – 1,300,000 | ||
| 10 Marla | 1,400,000 – 1,800,000 | ||
| 1 Kanal | 2,300,000 – 3,000,000 | ||
This is noticed that Zones III and IV are doing quite better than others. And the prices here are also significantly higher. For Zones I, II, and V, only plot files are available but the price are low right now. This current situation is because of no formal structure of the zones is available that could attract the investors and buyers.
There’s much that can be of benefit to people looking for a chance to invest here. The market for plots here has already jumped up because of elections. And expectedly will get a hike as soon the new govt. took the charge and new policies implementation. In the next budget by the new government, the expected bulk of investment can only come if there are tax exemptions or a more business-friendly environment. The location and magnitude of the project are variables good enough to give the prices a rise.
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