Home » Property » Here’s why you should know about Citi Housing Society Sialkot
Citi Housing Society is Sialkot’s most preferred locality, especially by genuine buyers. This is primarily because it is one of the best localities to live in as it offers a wide variety of amenities. The project offers immediate possession in over 90% of the properties located in the society. This project has been at the top of Zameen.com Trends for most preferred locality for investment, for several months now.
Project details and development
The project is located on Daska Road, which is only a few minutes’ drive away from Sialkot main city. This is an ideal location for raising a family as it is away from the hustle and bustle of the city and creates a perfect, serene environment for people to enjoy themselves.
The society opens up to a grand opening with a large open space that can be used for further expansion. Based on 1,000 acres of land, the project consists of six blocks. These include Block A, B, C, E, F and G. Block D was initially not labelled on the map of the society, as it was decided that it would be launched later on. However, on this block’s planned site, the existing Block B is being extended now.
According to Mian Rizwan from Bhatti Real Estate, this is a part of four extensions that are being undertaken by the developers; one for commercial and three for residential. Three of these extensions are being undertaken in Block B; one for commercial and two for residential. One of the residential extensions falls in the area of Block D and is being labelled as BB extension. The fourth residential extension is in Block G and is called GG extension. Plots available in these extensions are the same as in the rest of the blocks.
According to Furqan Bajwa from Citi Vision Real Estate, new commercial plots have been added in various blocks. These are to cater to the day-to-day needs of the residents and include grocery shops, restaurants, and a cinema. Apart from this, conference rooms have also been established for offices and spaces are available for commercial properties. These include 2.5-, 3-, and 6-marla shops for sale.
In Block B, 100% development work is done, whereas in Block G, 50% development is done up until now. All utility connections have been provided except for gas, which is expected to be operational by the end of this year.
Prices and projections
Plot Size
Price (in PKR)
Block A
5-marla
2,800,000-4,000,000
10-marla
5,500,000-8,000,000
1-kanal
10,000,000-13,000,000
2-kanal
30,000,000-4,000,000
Block B
5-marla
2,800,000-4,000,000
10-marla
5,000,000-7,000,000
1-kanal
9,500,000-12,500,000
2-kanal
25,000,000-30,000,000
Block C
10-marla
4,500,000-6,500,000
1-kanal
9,000,000-12,000,000
2-kanal
17,500,000-25,000,000
Block E
10-marla
4,500,000-6,500,000
1-kanal
9,000,000-12,000,000
2-kanal
17,500,000-25,000,000
Block F
5-marla
2,500,000-3,200,000
10-marla
4,500,000-5,500,000
1-kanal
9,500,000-11,500,000
Block G
5-marla
2,500,000-3,200,000
10-marla
4,500,000-5,500,000
1-kanal
9,500,000-11,500,000
Market and projections
At the moment, the market for Citi Housing Society is engaged with a lot of investors and genuine buyers. Which points towards a healthy market and shows that there is great potential for investment here.
According to Bajwa, during the last six months, prices have increased by 20-25%, and he expects that these will further increase from here. He adds that while market positivity is driving up investment, the most profound effect will be observed only when tax reforms are introduced by the government. This, he says, include the lowering of Capital Gains Tax (CGT) from 6%-7% to 1%-3%. He believes that as the CGT is levied on the buyer, it hinders buying.
It ultimately all comes down to what measures the new government would introduce for the real estate sector and how much favourable would these be for people.
If you found this blog helpful, or have any queries, please comment below.
(To contact Furqan Bajwa from Citi Vision Real Estate, call: +92-321-7773337)
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Remshay Ahmed
Remshay Ahmed is a journalist. Amongst many, her most recent interest includes dissecting Pakistan's economy and trailing the growth of the realty sector.
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