The provincial government of Punjab led by CM Usman Buzdar has approved the Rawalpindi Ring Road project which is a mega-infrastructure project in Islamabad. The government has set an initial construction of around PKR 50 Billion for the project. This project is being constructed under a public-private partnership, and it is expected to increase the value of real estate in the city as well.
The Punjab government authorities have directed the builders and developers to ensure the timely conclusion of this project for maximum benefits for the citizens. This Rawalpindi Ring Road project has a number of benefits for the real estate sector. Some of the benefits are as follows:
Benefits for the Real Estate Sector
Development projects such as Rawalpindi Ring Road project provide investors with a chance to invest in the nearby regions and earn maximum profits. Nearby this new proposed Rawalpindi Road Project, there are a number of housing societies that are being developed. These societies include Capital Smart City Islamabad, Blue World City Islamabad, and Star Enclave Islamabad.
With this, the vision of Imran Khan for the real estate sector comes true. For instance, Blue World City has offered to make 5000 Homes for the Naya Pakistan Housing Project along with 50,000 apartments for the project. With the Rawalpindi Ring Road project, the scope of Naya Pakistan Housing Project is also expected to increase in worth.
Benefits for Housing Societies
Once the Rawalpindi Ring Road is fully developed, it will provide an impetus to the growth of nearby real estate housing societies. The rates of these housing societies will increase, and the investors are expected to get high returns on their investment. Therefore, we have recommended investors to buy plots in capital smart city and blue world city. Once the development process is complete, these same plots are expected to be increase in worth manifold. Hence, it is always a good option to invest today and earn maximum profits on your investment in the future.
Ring Road Rawalpindi Development
With the Rawalpindi Ring Road project approved, the scope for development in Islamabad is increasing with time. Other than this, the PM Imran Khan also approved a number of other projects including PWD Underpass, Korang Bridge, and Rawal Dam Interchange as well. Therefore, it is witnessed that the government now taking strong measures to provide impetus to the growth of real estate in the country. This is a glorious opportunity for housing societies such as Blue World City and Capital Smart City to attract international investment and provide strength to Pakistan’s economy as well.