Rawalpindi Real estate Market and Rawalpindi Ring Road

Description

Rawalpindi, along with Islamabad, is the fourth largest metropolitan area of Pakistan. The area is rapidly growing in terms of population. Yearly, hundreds of new immigrants are turning towards the city in search of better job opportunities. The city serves as a primary wholesale market in the northern part of the country. Multiple mega projects (in terms of infrastructure) are developing in the city. Rawalpindi Ring Road or Rawalpindi bypass is among the top upcoming projects. The ring road construction is part of the China Pakistan Economic Corridor. The new road will provide an alternative route outside the main city for the traffic coming from Lahore and going towards Peshawar. Previously the traffic has to enter the main urban areas (located on GT road) while passing. It results in massive traffic jams in the crowded areas of the town. The ring road’s need is for both the residents and the transporters coming from other cities. The route will share the load of the city’s major traffic source by almost 50%.
The increasing population and the ideal location (neighbor town of the capital) make Rawalpindi the best destination for real estate investors. Multiple mega real estate projects are developing near the Ring road and the new Islamabad International Airport. Chakri road is the hottest destination where most of the investors are capitalizing. Multiple residential housing societies are the leading fascination destination. Capital Smart City has created hype in the market. The smart city offers multiple 5 marla plot for sale in Islamabad that is the best investment opportunity for middle-income investors. The society will be Pakistan’s first smart city with international standards theme of smart city and infrastructure. Multiple other projects are developing on Rawalpindi Ring road, such as Bahria Town phase VIII extension, DHA, Blue world city, etc. The project is proving as a game-changer for the real estate industry of Rawalpindi.

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