Fazaia Housing Scheme Sargodha – Current Market Situation

When Fazaia Housing Scheme Sargodha was launched it was received with much excitement on account of the outstanding performance of Fazaia Housing Karachi. There was hope that it would perform in similar ways. While the situation didn’t exactly turn out that way, Kings Real Estate CEO, Hassan Basra recounts, Fazaia Housing Scheme Sargodha has been moving forward towards its goals nevertheless. Our last update on Fazaia Housing Scheme Sargodha discussed the previous situation, so here is the latest about the society.

Market Trends

The road hasn’t been particularly smooth for the society in the past year, according to Basra. The market has been slow and the prices haven’t seen much growth, if at all. This can be attributed to various circumstances that the society and the real estate market in general has faced, Basra added.

However, according to Rana Muhammad Saleem from Rana Estate Deal, none of these issues are significant enough to affect the society for long. Meanwhile, a reputed real estate agent felt that the situation has recently improved as a result of the developer’s efforts and adjustment plans that the society had launched last year.

Development

Initially, the development had been fast-paced, Basra stated, following as it did on the heels of much fanfare for the society. However, he felt that the development has been rather slow in the last year. Nevertheless, the gate has been installed and the main boulevard completed. A park has also been developed and streetlights installed on the main boulevard. So things have been moving forward for the society.

Similarly, Basra reported that a map had also been launched by the society, which was being used to  begin allotting the plots to buyers. Finally, Basra also said that most of the land for the society has been acquired which is good news for everyone involved.

Expected Development

While the situation has been slightly slow, there are high expectations for the future. The developers, Saleem explained, are reliable and they are certainly going to follow through on their promise of developing a high-end, luxurious society including a comprehensive 24 hour security system, mosque, parks, and underground electrification.

What to look forward to?

Saleem recommended long-term investment in the society. The situation is rather slow at the moment, he explained, but the brand name of Fazaia and the backing of Samhan Group will ensure that the society is going to recover from its stupor soon. However, this might take at least a year or even two. According to him, while Fazaia Housing Scheme Sargodha is an option you can consider for investment, the fact that it will take time before it bears fruit should be kept in mind.

Are you looking to invest in Fazaia Housing Scheme Sargodha? Do you have any other questions about the society? You can ask them in the comments section. You can also head to the Zameen Forum for a more extensive discussion.