Taj Residencia: Latest Updates on Market Situation
Taj Residencia: Latest update on market situation
Taj Residencia Rawalpindi is the inaugural residential project of Pak Gulf Construction (Pvt) Ltd, the developers of Centaurus Mall and a lot of anticipation has existed around the project as a result. The project has not disappointed so far. According to Muhammad Yasir of Land Marketing Real Estate & Consultant, Taj Residencia has obtained an NOC from Rawalpindi Development Authority (RDA) under whose jurisdiction the project falls. The development has been progressing well, and one of the selling points for the project is that even though the project is yet to be officially launched, four out of eleven blocks have already been developed.
Taj Residencia is located near CDA Sectors I-14 and I-15, its entrance opens onto I-14/15 Link Road, providing easy access to all the areas of Islamabad. According to Yasir, the project is expected to be launched in January or February next year.
Taj Residencia Development and Payment Plan
As already explained, development work has been completed in four blocks, A, B, C, and D, while other blocks are being developed. If that wasn’t amazing enough, you can also gain possession in these blocks and begin the construction of your house on just 50% payment.
According to Al Sadat Marketing, now some of the sellers are even demanding an asking premium for plots in development blocks, which averages around PKR 200,000. He also explained that when the project is officially launched early next year, the prices are going to be revised. He expected PKR 700,000 to be added to prices of each category of the plots.
Investment Prospects
Taj Residencia authorized dealers were all for investment in the project. He explained that the main reason for that is obviously the level and pace of development. Development has been taking place at a great pace and within a year it can be expected that families will be living in the developed blocks. According to him the developers of Taj Residencia are keen to develop the project quickly because this going to set the tone and expectations that people will come to associate with Pak Gulf Construction and they are keen to set a good benchmark as they expand further within this project, and then further into other cities of Pakistan.
Yasir recommended long-term investment in the project. According to him, while short-term investment may yield decent results, much better results can be expected in the long run. For investors, he recommended the undeveloped blocks. He was of the opinion that category plots would be the best option there. So when the prices are revised, additional amount will be automatically added to these prices, while considering the pace that development is taking place, new blocks might be developed soon as well, which means that an asking premium may be added within a year as well. This automatically translates into a great margin of returns.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad , and Nova City Islamabad.
Are you looking to invest in Taj Residencia? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Al Sadat Marketing Newsfeeds for a detailed conversation.
Some of the information in this blog is sourced from Syed Sadat Hussain Shah Chairman of Al Sadat Marketing Real Estate & Consultant who can be reached at +92 331 1110005 for further consultation.
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