Investment in Grand Avenue & Central Park
As majority of us agree on a fact that investment in underprice socities yield better returns. Secondly, ground realities change with the passage of time as we have witnessed growth in many societies on raiwind road and also on Ferozpur road. As per the current situation, in my opinion Central park is still very underprice and as I mentioned before it is growing due to many factors such as rapid house construction,gated community and easy access on main Ferozpur road. The average
location 1 kanal possession plot is avialbale in the range of 65 to 75 lacs which is underprice and it has full potential to fetch another 20 lacs plus in a short term as trend of buying by genuine buyers is growing there. I agree it was neglected by investors but now it is a very attractive society with all the facilities and management is also pouring money on its beautification.
Now, another highly underprice socirty is Grand Avenue. The rate of a plot in near possession and possession range from 32 lacs to 45 lacs. They did alot of development during last few months. It has the best location on Ferozpur road and quality of development is also good.I did investment here based on ground relaities as now the construction has also started there. The following are the positive and Neghative aspects:
1) Ideal Location on main ferozpur road around 2.5 KM before Central Park on opposite side
2) Highly underprice as Bahria NAsheman 5 marls plot is 35-38 lac and the access is nt on main ferozpur road.(around 800 Meters inside).
3) 70 % Development complete in A block and 50 % in B block
4) It is very close to DHA phase 9 Extension if you look at the map.
5) They inaugrated the mosque there
6) Dealers are now active in buying as I recieved calls from Pakistan by few dealers with an offer.
7) Visit the website or visit by yourself then u will realise that perception differs from reality.
Negative:
1) Perception that it is not good
2) Issue with LDA but then it is also with Bahria but they got approval before 2012 from TMA and their case is with LDA and it is expected to get an approval.
It has a huge a potential to gain particularly in 1 kanal with minimum risk of might be bit delay in development.
Conclusion: In my opinion Central Park has alots of potential and price will keep increasing ,similarly Grand Avenue may get a good jump in a short term as 1 kanal in range of 35 lacs easily bring lods of gain. Do some research and observe the growing number of ads in the jang newspaper from dealers who are in need of plots there.
Again, its my observation and I suggest everyone to do a sound research before any decision.
Haroon_16® replied on Saturday, June 25, 2016 02:00 AM PST
Extremely glad to see a post like this, for obvious reasons that I too invested in GA. I was interested in CP, but prices went out of range. Here is my analysis as well:
1. CP good location plots were easily available for 3 million about 4 months ago, and the same are now 4.5 million. I had a budget of 3 million, so I went for GA possession plot 10 Marla.
2. The only thing I find about GA is, the trend. I mean, we can get a top location 1 kanal in GA for 4.5 million, but people would still go for 4.5 million 10 marla in CP. I don't understand things like these. People don't pay much attention to realities, more to trend.
3. I called LDA myself, even though I didn't get a clear answer, but they said "GA is interested in getting an approval from us". Now that can mean a few things.
4. No doubt CP is well developed, but for some reason I find GA more attractive. The greenery, the curvy main boulevard, well, I like the overall look of the society. Obviously it's a personal preference but I find it better than CP. Possession has been granted in A block, so why not people go for GA insted of CP, with an average price difference of about 2 million.
5. Yes, since I like GA, but I am only concerned when that trend thing will turn here. I hope it does, sooner rather than later.
6. Also I must say, CP an underpriced society, but not so anymore. I have personally observed a massive jump in prices over the past 6 months. Yes I thing it can grow even further (especially when compare to Raiwind side), but I think the high time of investment has gone.
7. In my view, GA has to post significant gains. Highly underpriced. It is nearly half priced as compared to it's neighbors like CP, Bahria Nasheman and Bahria EMC, still has the best location among all it's neighbors. |