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Scope of investment in Central Park,

(97994)
Saturday, March 12, 2016 04:51 PM 

It seems that Central park is very underprice and prices are rising there. Currently the average plot in a possession area ranges from 52-57 lacs. It is very well developed now and LRR southern Loop will bisect Ferozpur road about 4 KM away. Secondly, the Metro bus expansion is on the cards. The locality is witnessing very strong activity of investors in recent days. Lots of dealers argue that it has a very strong chance to reach 70 lac per kanal in coming months for average plot in possession area. Is it possible?

Shakoor baba replied on Sunday, March 13, 2016 05:19 AM 

Due to above said strong indicators, which I confirmed also with the dealers, the price of 1K average possession plots expected to touch at least 65 plus in next couple of months.

Arshad replied on Sunday, March 13, 2016 06:44 AM 

Metro is not planned to expand more on Ferozpur road

Hassan® replied on Sunday, March 13, 2016 07:26 AM 

Dear Ahsan and others,

What about non-possession plots/ blocks of Central Park like D block where people are stuck from a long time and still there are no news of possession?

Ahsan Ali replied on Sunday, March 13, 2016 07:51 AM 

@Hassan

They are doing work on D block. At present , best option is to go for possession plot in A block for 1 kanal (55-58) or 2 Kanal in B block within a range of 110-125.It will jump to catch up the market as 5 marla in bahria NAsheman has touched 33-35 lacs. It is highly underprice keeping in consideration , Gated community, Sui Gas, LDA approved, 40 feet minimum roads, good security, LGS school, lots of Green parks. Hospital is operational and LRR bisect on Ferozpur road 4 KM away.
Construction activity is at full swing and more than 500 houses have residence there ( as per dealer).
The prices are rising here everyday now since lots of people are focusing on it.It has a direct approach and distance is more perception now. I visited there recently and reached Kalma chowk in 25 minutes. I don't think anywhere in Lahore a person can buy a possession plot of 1 kanal ready to construct within a gated community and good quality development for 55 lacs.In sum, it was an underdog and It may jump to reach 70 lacs per kanal in coming 3-4 months time which in my opinion is very justified and realistic. I suggest forum members to get do their homework and consider it on merit.

Muhammad Asif® replied on Sunday, March 13, 2016 11:48 AM 

Yes only on ground and possession area one should consider.
I can recall that CMY sb also suggested to avoid non possession area in Central Park(check last year's posts).
As far possession area is concerned it is one of very good investment options right now.
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