Well facilitated Grand Avenue Housing Scheme is one of the best locations for people who want to stay around Ferozpur Road Lahore. Many of the plots have already been sold by the developers, but still the potential customers are inquiring about the project and its availability. It' is almost a year when the development of phase II and sector C has been completed. Now, people are curious about the development of the project that has comforted many of the families by providing upright facilities. Let's have a look on the latest updates about the housing scheme so we can make a better understanding about investing in the scheme. 

Development Progress 

The office of developers has shifted to C sector as development work was taking place in this area. Housing development company has already started work on the area which was vacant without any work demarcations. Real Estate associates has reported that there is still some small area that needs to be acquired for development while the rest of the areas has been acquired by the company. 

 

It has also been observed that Lahore Development Authority has not yet approved the maps of Grand Avenue Housing Scheme, especially the three plots that are part of the area. Previously, there has been minor issues regarding the land acquisition of map of old sector. However, the recent efforts by the company shows that a number of plots from sector C have been acquired by the company and people have started adjusting in the sector. No confirm data has been issued by the company about the approval of all three blocks of the housing society. The market trends of price of plots within the cities keep changing. This is the same with this housing society as the current standing of price is lower than the other housing societies. 

Investment cost

The residential plots of 5 marla cost 2,000,000 to 2,700,000 and the cost of 10-marla plot ranges from 3,300,000 to 4,200,000. Similarly, the cost of 1 kanal plots is higher than the cost of plots as it ranges from 5,500,000 to 6,500,000. The cost of commercial plots is always different from the residential plots. The real estate developers are selling 4-marla commercial plot in 7,500,000 to 8,500,000. The current trends might not change till the new facilities are introduced in the society. For instance, the continuity of gas connection will result in appreciation of the cost of the plots. People can still buy plots in sector A and B as the gas facility is available there. 

Future Evolution

The current state of housing scheme will improve with the time as construction of housing start in coming year. The current state of development raises a question for developers about the next step because they are still working on future work strategies and facilities to provide. It is necessary to stay holding the investment for a longer period unless or until the map start improving and the construction starts. 

The business situations for this scheme will improve in future and will be a beneficial housing project as it connects with the Lahore Ring Road and DHA Phase X for business deals. Those who have already bought plots here can stay planned moving in the society by next year. 

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