Though Central Park Housing Society is located in the outskirts of Lahore, the development of a signal-free Ferozepur Road has eased commuting to the society. Development work in the locality is yet to be completed, but this is the right time to invest here. Read on to find out why!
According to Mr Adil Ali of Friends Associates & Builders, the government is planning to extend the Metro Bus route from Gajju Matta to Sue-e-Asil, located past Central Park Housing Society. This means the society is set to enjoy excellent connectivity to the rest of the city through the Metro Bus project.
The property prices in the locality are pretty affordable at the moment, but are likely to rise in the coming times. And what makes me say that? The extension of the Metro Bus project is obviously one major reason, but the completion of development work in the society and an increase in its population will also play a major role in prices moving upwards.
Development Work
Blocks A and G of Central Park Housing Society are fully developed, while Blocks B and F are partly developed. The developer has handed over possession in only developed areas of the society and people have also started living in the locality.
Blocks C, D, E and F are underdeveloped, which is why the developer has not yet handed over possession in these blocks.
Plot categories
Coming back to the categories of plots, I would like to tell you that Central Park Housing Society features residential plots of 5 Marlas, 10 Marlas, 1 Kanal and 2 Kanals and commercial plots of 8 Marlas.
Prices*
- Residential Plots
Price ranges for the different categories of plots in the society are as follows:
| Plot Category | 5 Marlas | 10 Marlas | 1 Kanal | 2 Kanals |
| Price Range | Rs 1,000,000 to Rs 2,500,000 | Rs 1,600,000 to Rs 3,500,000 | Rs 3,500,000 to Rs 8,500,000 | Rs 9,000,000 to Rs 11,000,000 |
| Plot Category | 8 Marla |
| Price Range | Rs 9,500,000 to Rs 15,000,000 |
Now compare these prices to Bahria Nasheman, which is located opposite Central Park Housing Society. The average sale price of 10-marla plots in Bahria Nasheman is Rs 4,416,667, according to the property price data maintained by Zameen.com. This means that the sale price of this category of plots in Bahria Nasheman is 26.19% more than the sale price of same-sized plots in Central Park Housing Society, which shows immense room for growth in the latter.
I hope I have presented a clear picture of why Central Park is good for investment in Lahore at the moment. That’s all about the society for the day. If you think I have missed out on discussing anything important about the locality, please feel free to have a conversation with me in the comments section below.
