Official signature on Malir Expressway Construction Agreement
Despite the pandemic and the changing lifestyles around the country, the construction industry has been persevering. We are finally seeing a piece of good news from the government’s side on the development of the Malir Expressway surrounding Bahria Town Karachi.
Existing homeowners and property holders in Bahria Town Karachi are to be congratulated. The fact that the Official signature on Malir Expressway Construction Agreement has happened will raise the value of the property as expected. Many people were actually waiting for this moment so that the value of their land, the market rates for their shops, apartments, and land can increase.
There has been an official signature on Malir Expressway Construction. Malir Expressway is a 39 km long road starting from Korangi Qayyumabad to the Kathore super Highway. The construction of this Expressway will start within the next 4 months. This means that it can be completed in much less time than many builders, real estate analysts and businessmen had in mind. The company which has been awarded the contract will provide a financial clause within the next 4 months. After this regular on-ground construction will be started.
It will be a three-into-three-lane expressway, along the Malir River. This is ideal for the people residing in Bahria Town Karachi as this means a better commute and the simpler access tot he main city.
The Residents of Karachi will be provided an alternative route for Airport and Super Highway. Sindh Government is going to complete the project under the public-private partnership. The economic activities around Malir and its surroundings will be increased. It is expected that this project will be quite beneficial for the housing sector. Undoubtedly, the construction package and many businesses associated with this will be in good economic flows along with their workforce.
One of the main results of this agreement is that the property in Bahria Town Karachi becomes even more desired. It can be accessed easily and the infrastructure helps in adding value to the land nearby. The desire to be a part of a well-developed and clean looking area drives a lot of sales in the real estate world. The amazing infrastructural benefits, beauty, and the ease of life in Bahria Town Karachi can be a great motivator for many new, potential residents to rise up. This makes the property hot for investors.
A lot of factors are continuously contributing to an increase in the development of the Bahria Town Karachi region as well as the improvement in the infrastructure. For example, the provision of the water will be made secure, infinite, and possible through the K-IV Plan that just got a green signal from the Sindh Government.
PM Imran Khan announced a construction package that is designed to promote the real estate and construction industry. There are several allowances and reliefs in this package and that can cause a spur of market rates due to demand.
People trying to invest in a diverse portfolio are always on the lookout of good quality safe property. This is why the demand for posh areas such as Bahria Town Karachi rise before other areas. Bahria Town Developers allow safer investments as compared to other schemes. And this level of trust and brand name is among the top reasons why the prices of Bahria Town Karachi rise before other developing regions of the city.
The rise of demand from a combination of factors such as the Malir Expressway Construction Agreement and the approval of the K-IV Plan is ready to raise the prices of Bahria Town Karachi significantly. The people who have properties here and/or live here are in luck. Whereas people who are looking to purchase any type of property, house, shop, or land should do so before the leap in prices is too huge.
It obviously makes more sense to buy the same property at a reasonable rate right now as compared to the high prices coming our way.
In a nutshell, this means that the property value that was already bound to raise will now expedite. It is best to make the right choices, at the right time because the early bird catches the prey!
If you need to make a decision or require any further guidance then you can contact one of our experts on the subject of Bahria Town Karachi ASAP! We are always here to handle all your queries, curiosity, and intelligence needs related to real estate in Pakistan.
We have a large network of specialists that can guide you on the kind of investment, residential, and commercial opportunities you should look into depending on your needs and investment portfolio.