Impact of Ring Road on Pakistan Real Estate Market

Introduction

Rawalpindi ring road is one of the awaited construction projects. It started near the early ’90s, and due to several economic and political reasons, it was never a fully functional and complete project. However, soon it will be going to be launched by the current government of Pakistan. Lastly, all residents of Islamabad and Rawalpindi knows its importance. And, if you want to know when it will inaugurate and fully functional for the public, then continue reading.

Rawalpindi Ring Road

As mentioned earlier, the Rawalpindi ring road holds great importance for the residents of Islamabad and Rawalpindi. Moreover, this ring road’s primary purpose is to facilitate the traffic issues in the nearby areas. There are numerous housing projects near Rawalpindi ring road, and all receive benefits from this particular road.

The Rawalpindi ring road starts from channi sher Alam Bridge adjacent to Rawat and will end at Thalian interchange on M2-Motorway (Lahore-Islamabad). Moreover, the ring road will be 65km long and is 110m triple lane wide. Lastly, there are commercial areas on both sides of the ring road, making it a busy route and also much needed.

Rawalpindi Ring Road impact’s on Pakistan’s Real Estate Market

The Rawalpindi ring road comes under the Punjab Highway Department, and Nespak is responsible for its master plan. There will be numerous benefits the investors and public will receive from the operation of the ring road. Some of these benefits are as follows:

Improved Traffic Flow

The core of developing the ring road is to facilitate the traffic of twin cities Islamabad and Rawalpindi. There are numerous commercial areas, and housing societies are present and growing in the same site, which causes traffic concerns. And, to facilitate the public and investors, the ring road will work wonders. There will be adequate traffic flow with ring road, and nearby residents and investors can lead a high-quality lifestyle.

Increased Land Values

Once the ring road starts functioning, there will be a spike in prices in land values. Moreover, it will create significant opportunities for both residents and investors. For residents, their land value will become a great asset, and new possibilities of real estate projects will increase for investors. In the end, it will generate revenue for both parties.

Promotion of Real Estate Opportunities

With the function of the ring road, new real estate projects and developing projects will take place in the adjacent areas. As we all know, this area has a lot of real estate potential from a population point of view. Moreover, there are already commercial and housing projects developing in the adjacent regions, and after the ring road, investors would love to invest there.

Benefits to Adjacent Housing Projects

The ring road will also benefit the nearby housing societies some of the real estate projects that will make benefits from the Rawalpindi ring road are as follows:

Kingdom Valley Islamabad

Kingdom Valley is just 5 km away from the Rawalpindi ring road, which will add a lot of value from an investment point of view. Moreover, the kingdom valley Islamabad Location is already famous for its closeness to Islamabad International Airport and M2-Motorway.

Bahria Town

Bahria town phase 8 extension is also a beneficiary of this ring road operation. It will create a sense of relief and facilitate the residents and investors. Moreover, it will add value to the properties of Bahria Town. Lastly, residents will benefit from ring road for daily activities.

Capital Smart City Islamabad

Capital Smart city is already in the investor’s eyes for its location as we know that this housing society locates at the eastern route of the CPEC. Moreover, the ring road launch will add more value to their plots and other development projects. It will be excellent news for all the investors and residents of the Capital Smart City in Islamabad.

DHA Islamabad

DHA is one of the futuristic housing schemes where many residents live for their facilities and amenities. Moreover, DHA phase 3 is near Rawalpindi ring road, which indicates that DHA will receive many benefits from this ring road. It will increase the land value and also increase investments in this housing society.

Blue World City

The blue world city location is also famous because of its closeness to Islamabad and Rawalpindi. Moreover, this housing society locates on Chakri road near the Rawalpindi ring road. And, after the ring road completion, the blue world city will receive a spike in investment rates. Furthermore, their land value will also increase with time.

Conclusion

The Ring Road Rawalpindi is the center of attraction among all the housing societies adjacent to Islamabad and Rawalpindi. Moreover, it will not only benefit the investors but investors also. The main objective of this ring road is to have smooth and smooth traffic flows in the area. As all the adjacent regions are densely populated, and there are numerous housing societies are there.

Author Bio

Waqas Hussain is a SEO specialist & Content Lead at Estate Land Marketing (7 Wonders City)with lots of experience in SEO, keyword research and WordPress management.

With 3+ years of experience in managing blogs and scaling them from 0 to 100,000+ page views a month, it’s safe to say that I know a things about growing content-driven websites.

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