PM Imran Khan has recently inaugurated 4 new mega-infrastructure projects in Islamabad. According to our recent updates, these projects are set to provide the citizens of the Capital city with a large number of benefits. The inauguration ceremony was held a few days ago, and the construction work on PWD Underpass, Rawal Dam Interchange, Rawalpindi Ring Road, and Korang Bridge is underway.
Islamabad has always been considered one of the most beautiful and exotic cities in the world. It has been ranked as the 3rd most beautiful Capital city in the world. However, the entry points and the surrounding regions of Islamabad have always been neglected by the previous governments.
Nevertheless, the priorities of the development sector have now changed in the government of PM Imran Khan. The surrounding regions of Islamabad such as PWD Housing Society, Soan Garden, CBR Town, Korang Town, and Chak Shahzad are about to witness a massive rise in real estate value. The under-construction 4 New Mega-Infrastructure projects in Islamabad include Korang Bridge, PWD Underpass, Rawalpindi Ring Road, and Rawal Dam Interchange.
This article will provide you with an insight into the benefits of the 3 New Mega-infrastructure projects in Islamabad
Rawal Dam Interchange
The Rawal Dam interchange is considered to be one of the groundbreaking projects to be planned in Islamabad. The bidding of this new mega-infrastructure project was finalized at PKR 1.17 Billion. However, this is still almost 11% less than the estimated bidding price published by the government.
However, Maqbool and Calson Associates have been given the task to develop this project based on their previous success in the Kashmir Highway project. It is envisaged to become one of the top infrastructures in Islamabad, providing citizens with ease of access and convenience to the regions of Chak Shahzad. In recent times, a large number of private real estate housing societies have been developed new Rawal Dam and Chak Shahzad. These Rawal Dam housing societies include Park View City Islamabad, Park Enclave, Shahzad Town and Bahria Enclave Islamabad.
Therefore, as a part of the 4 New Mega-infrastructure projects in Islamabad, the Rawal Dam Interchange will provide a smooth flow of traffic to the citizens.
Rawalpindi Ring Road Inauguration
The Rawalpindi Ring Road has been inaugurated by PM Imran Khan a few days ago, and it is now being referred to as the game changer for Islamabad and Rawalpindi. Although this new project has been named as the Rawalpindi Ring Road project, it actually meant to integrate the twin cities. Therefore, we have added it to the list of 4 new mega-infrastructure projects in Islamabad.
As a result of this project, the twin cities of Rawalpindi and Islamabad are expected to witness a massive influx of revenue coming in from all over the world. For instance, the real estate housing societies near to Ring Road are attracting millions of rupees in investment from around the world. The example of Blue World City and Capital Smart City is an ideal one to understand the overall benefits of Ring Road for the overall economic development of Pakistan.
PWD Underpass Alongside Soan Garden
The second mega-infrastructure project inaugurated by Imran Khan is the new PWD underpass right next to the Islamabad Expressway. This project was finalized at a bid of PKR 420 Million and it is by far the most important out of the 4 New Mega-infrastructure projects in Islamabad. It is expected to provide ease of access to the traffic coming in inside Islamabad from GT Road, and a sigh of relief to the residents of PWD Housing Society in Islamabad.
This project is a welcome opportunity for investors to pour in their investments in near-by housing societies such as Soan Garden and CBR Town etc. After a few years, the overall value of these regions is likely to become double, and investors are expected to reap maximum profits on their investments.
Korang Bridge Inauguration
The Korang Bridge is another important project that has been included in the list of 4 New Mega-Infrastructure projects in Islamabad. This project’s bid was finalized at PKR 628 million, and it is now being considered an uplifter of real estate value in Korang Town Islamabad.
Known for its peace and luxurious living environment, Korang Town has always been an attractive investment destination. However, with new infrastructure projects such as Korang Bridge, the overall value in likely to increase as well. Thus, it is a profitable option to invest in the nearby regions, as Koran Bridge inauguration by PM Imran Khan has paved way for the rapid development in this region.
Reasons for inaugurating 4 New Mega-Infrastructure Projects in Islamabad
PM Imran Khan has recently devised some new policies for real estate in Pakistan. The major focus of these policies is to uplift the long-neglected real estate of Pakistan. As a result of this, a large number of initiatives have been taken to provide impetus to the real estate growth in the country.
In line with approach, these 4 New Mega-Infrastructure Projects in Islamabad are meant to increase the overall value of the real estate in the city. This will eventually lead to an influx of investments coming in from all over the world. Overseas Pakistanis are carefully looking at the real estate trends in Islamabad, and many have even decided to invest in real estate housing societies in Islamabad such as Capital Smart City and Blue World City Islamabad.
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