Buch Executive Villas: An investment opportunity worth considering

Constructed in-line with the new trend of high-end housing schemes, Buch Villas is one of the most developed housing projects in Multan. It boasts a commercial area that includes a cinema, banks, and even a gym among other facilities. Buch Villas is expected to have a large modern hospital as well, though it is still in the initial stages of development. And according to the experts interviewed, its construction will take time.  If you are interested in investing in Buch Villas, here is everything that you need to know about how things stand at the moment.

Buch International Hospital: Work on grey structure

According to Syed Muhammad Azam of Al-Multan Builders, work is being done on the grey structure of the building in the hospital – and the effort is progressing well. Currently, the third building level is being completed.

The hospital is going to have extensive medical services including out-patient clinics, patient rooms, and even hotel rooms; along with a large number of amenities especially dedicated for patient convalescence.

Development: Gas lines laid

This is the final stage in the development of Buch Villas, before it reaches the stage of full maturity. The news for a while has been that gas connections have been approved; a development which everyone had been anxiously waiting for. According to Azam, the lines have been laid but the gas is not available yet – with delivery expected to begin in a time span of two to three months.

Appreciating price trends

Considering the relatively mature state of Buch Villas, and the resultant effect that there aren’t a large number of investors in the market, the market is still as active as it can be due to the interest of genuine buyers. The prices in Buch Villas have been consistently on the rise for the entirety of the past year, and currently they average around PKR 775,000 per marla –  going as high as PKR 900,000 per marla in Phase I. Meanwhile, a 10-marla house is selling for around PKR 17 million to PKR 18 million.

Investment prospects

When questioned about investment prospects, Azam explained that even though the housing scheme is fairly mature, people still continue to invest. The reason behind this is simple: property prices are expected to increase following gas availability.

Azam’s estimate was that the prices can increase above the PKR 900,000 per marla mark after gas availability. A gain of around PKR 125,000 per marla, at least.

Azam also felt that construction of houses and villas after buying plots would be a lucrative form of investment in Buch Villas – because of the huge demand for housing. He added that out of the new housing schemes that don’t have dedicated gas connections yet, the project has one of highest number of families residing in it. The constructed houses offer a great margin of returns all by themselves.

Are you looking to buy a plot or house in Buch Villas? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for an extensive discussion on the issue.