In this post
The city of flowers, Peshawar, is booming with new real estate projects dotting the skyline. Property prices have been increasing as opportunities for investment in the city continue to grow. With an increase in tourism up north, tourists are also thronging to Peshawar and enjoying all that this city has to offer, and dotting the spectacle are high rise buildings in this city.
For this reason, the city is also on its path to rapid development. The newly-launched Peshawar BRT is providing ease to the people of this beautiful city by allowing greater connectivity. The centrally-located Peshawar Airport or Bacha Khan Airport is also one of the most famous development projects in the city that speak of its move towards modernization.
High-Rise Buildings in Peshawar
Peshawar’s real estate is a growing, dynamic market that promises high returns for all people looking to invest, and with high rise buildings on the rise, there is something for everyone!
Big realty names like Bahria Town and Defence Housing Authority (DHA) have also launched their projects here. With development projects under the China Pakistan Corridor ongoing at a fast pace, Peshawar is bound to be completely transformed soon. As job opportunities grow, so too does the need for housing units, and in order to cater to this growing demand, a number of vertical developments can be seen in Peshawar. A number of mixed-use buildings, offering residential and commercial properties, can also be seen in the city. These are garnering a lot of attention from buyers and investors alike, and here’s all you should know about what’s happening.
Peshawar’s market, much like the rest of the country, is experiencing continuous activity by genuine buyers eager to construct their own houses. Taimur Ahmad from Shabir Estate believes while investment might be low right now, it is in line with trends from the past 2-3 years and will pick up from the mid of January till late June. Ahmad says for genuine buyers, there is an increased demand for 5-, and 10-marla plots and the prices of these are around 3,500,000 and 5,800,000 respectively. These views are shared by Zahid Khan Khalil from United Property & Estate Marketing PVT Ltd as well who believe the demand for houses has actually gone up while the trend is slowly moving towards apartments as well, mainly from people who move to this city looking for jobs. He also said that most apartment buyers do so because they believe apartments are a good investment option.
If you too are a genuine buyer settling down in the city, this is a list of popular areas for buying houses in Peshawar. Ahmed Shafa from 5G Properties also believes the new year will usher in renewed positive sentiment and the market activity will sky rocket. However, he believes that the demand for apartments is still behind that of houses or plots as apartment living is still an urban idea for people of Peshawar who are accustomed to living in joint families.
Muhammad Azhar also from 5G properties notes that commercial activity has also simultaneously gone up and as the demand increases, many new commercial and mixed-use buildings have popped up in the city. This view is also shared by representatives from ZMN Media who believe Peshawar is bringing new projects to cater to this ever increasing demand.
This is of course because Peshawar being the capital of Khyber Pakhtunkhwa has always seen a lot of interest from investors and buyers and has been the place where people come and settle down for their jobs.
Now, let’s take a look at all that’s new in this city, and that is vertical developments.
Peshawar Heights
Located on Palosi Road, Peshawar Heights is a one-of-its-kind ground-plus-6 floors building as it is located within the educational hub of Peshawar. Peshawar Heights not only fulfills the residential needs of the people but also provides commercial property options in the form of shops to facilitate its residents and visitors along with numerous amenities.
This project is developed by a reliable developer and approved by Tehsil Municipal Authority (TMA) and offers immediate ownership. On offer are 1-, 2-, and 3-bed apartments with unmatched amenities and facilities.
Apartments are available in easy installments spanning 3 years. Interested in buying? Book your apartment at Peshawar Heights now!
Gems Tower
Gems Tower – a multi-structure project launched by a trusted native developer – is all set to emerge as the top destination for corporate clients and retailers seeking efficient workspaces and commercial outlets in the bustling city of Peshawar. The project’s central location near Namak Mandi accounts for the major reason behind the existing, overwhelming demand seen among investors.
This locality is expected to observe 30% capital gains during the next three years, while a 20-30% yield has already been witnessed in the last few years.
Gems Tower is fully equipped to provide world-class facilities and amenities to ensure all office goers and employers who open their business here have a comfortable time doing their work.
This project has been approved by all relevant authorities. Properties are available on easy installments with 30% down payment.
Book your property at Gems Tower now!
University Tower
University Tower is a project by Skyline Developers, focused on providing a top-class experience to homebuyers and investors at a reasonable cost. The project features beautifully-designed apartments, shops and offices and is located at the very famous Nasir Bagh road which is 100-meter distance from University Road, Peshawar. Walking distance from BRT Peshawar Board Station & Islamia College Peshawar and sits at the gateway to DHA and Regi Model Town.
This mixed-use building offers commercial offices and apartments on easy installments spanning three years and also gives the option of balloon payments. Discounts are also available on the booking of some properties and you should book yours at University Tower as well!
LA Tower
LA Tower is Peshawar’s first luxuriously-designed mall also offering shops and offices. It is approved by the Peshawar Development Authority (PDA), making it a highly reliable investment. It is centrally located which means it offers easy access to the main arteries of the city as it is located on Main Ring Road, which means it is in close proximity to Saddar, Hayatabad, G.T Road and Peshawar Airport. Thus, it promises high returns on investment. It is equipped with top-class amenities and facilities such as elevator, a cargo Lift, car parking spanning over 3 floors, and dedicated halls reserved for restaurants/Co-working space.
If you think this is the project for you, book your commercial property at LA Tower, Peshawar, now! These were our top picks for vertical residential, commercial, and mixed-use buildings in Peshawar that you should be considering when planning your investment in this city! Let us know what your thoughts are by writing to us at blog@zameen.com. For more information on Pakistan’s realty sector, keep checking the Zameen Blog.
