Ring’s Road Impact on Pakistan’s Real Estate Sector
Pakistan’s Ring Road is a long-awaited construction project. The ring road will have a profound effect on Pakistani real estate. Additionally, the primary reason for this road’s construction is to accommodate the massive flow of traffic from Islamabad to Rawalpindi’s residential society center.
The Ring Road will begin near Rawat at ChanniSherAlambridge and end at the Thalian Interchange on the Lahore-Islamabad Motorway. Thus, the route is 32 kilometers [in length], and Ring Road is connecting to GT Road via two 6-kilometer and 8-kilometer link roads. Additionally, the ring road is 300 feet wide and is flanked on both sides by commercial areas. Furthermore, the Ring Road features six flyovers, three interchanges, and ten overhead bridges.
Additionally, the project is by the Punjab Highway Department, and NesPak is responsible for the project’s master plan. The ring road’s impact on Pakistani real estate is enormous, as evidenced by the location map attached below:
The Ring’s Road Effect on the Real Estate Location Map
- Interchanges Scheduled
- Interchanges are along the Ring Road’s route. They include the following:
- Business of the Chak Bali Road
- Interchange at the Channi Bridge
- Interchange GorakhPur
- Interchange of Dhamial
- Interchange of Rawat
- Interchange of Adyala
- Interchange of Highways
- Interchange Fateh Jang
- Interchange of Chakri
Circular Road the Effect on Real Estate
The Ring Road will significantly impact the real estate sector, particularly on projects located near the M-2 Motorway. Additionally, because the New Islamabad International Airport is near the Ring Road project, investment opportunities in this area of Rawalpindi and Islamabad are more significant.
The construction of this road benefits the nearby housing societies. As a result, demand for property in neighboring communities increases, while the ease of moving to central city areas alleviates many of the residents’ travel concerns.
The Ring Road’s impact on real estate is that buyers and investors are increasing to adjacent housing and commercial developments. Additionally, economic activity is boosting by the airport’s proximity. Further, construction projects increase investment opportunities in the real estate sector, and people consider relocating to nearby areas. As a result, the ring road’s impact on real estate is enormous.
A boon to Neighboring Housing Societies
The Ring Road’s construction benefits numerous housing societies located along the route. It is one of the people’s primary concerns. Additionally, investors are to lesser-known housing societies and real estate projects. Housing projects are critical to the rapid advancement of ring road projects, as their success is contingent upon it. These developments include Blue World City, Blue Hills Country Farms, Bahria Town Phase 8 and Phase 8 Extension, Kingdom Valley, Capital Smart City, Mivida city, Rudn Enclave, Top City1, Mumtaz City, and numerous others Adyala and Chakri Road.
These housing societies will see an increase in land prices due to the rapid growth in demand.
Discovery Garden Islamabad is near the Chakri Interchange on the main Chakri Road. The housing society is along the ring’s road, which positively affects the housing society.
The impact of the main ring road on real estate is magnificent. It alleviates congestion on the National Highway, shortens travel times, and resolves numerous traffic issues in the twin cities. Additionally, the project facilitates traffic flow, enhances overall economic connectivity, and makes traveling between areas feasible and quick.
- The Ring Road project has several positive effects on Pakistan’s real estate market, including the following:
- Reduce the bottleneck on the N-5.
- We have reduced travel time for pedestrians, public transportation, and commuting vehicles.
- Improved traffic flow for users of the GT Road
- Economic activity flourishes due to the proximity of the New Islamabad International Airport.
- Increase opportunities for investment
- The success of real estate projects is increasing.
- Reduce the time required to travel between adjacent housing schemes.
Conclusion
The Ring Road has had a tremendously positive effect on the Pakistani real estate sector. The ring road’s a beneficial effect on real estate is evident in the increase in property market prices. Additionally, property sales and purchases in surrounding areas may increase due to improved transportation, safety, and development opportunities. As a result, Ring Road serves as a conduit for investors seeking high-yield and profitable investment opportunities in residential and commercial areas.
The Government and competent authorities are working feverishly to complete this massive development project. Additionally, the ring road revives real estate-related economic activity, attracts investments, and creates new jobs. In turn, the real estate project resolves current issues while also developing new ones. Property Saga is a group of professionally trained real estate professionals dedicated to providing the best possible service to its clients.
