Hyper trade activity expected in Royal Palm City, how prepared are you?

Gujranwala is still not as optimistic as many other cities about the potential state of the market. After all the residents here are practical; they want to see it to believe it. In the meanwhile, the property market here appears stagnant, which some believe is also due to the fact that potential investors here are busy with Hajj or preparing for sacrifice on Eid-ul-Adha, which is just around the corner.

No matter what’s keeping real estate investors to maintain a low profile, they should know that a huge investment opportunity is waiting for them. The ballot for Royal Palm City’s Director Quota cash file is expected to take place in September. Here is all you need to know about ensuring that you don’t miss this opportunity to gains solid returns in a rather short term.

Royal Palm City’s upcoming ballot

Aujla Associate, the developer of Royal Palm City, balloted the files issued on an instalment plan earlier in February this year. With plot numbers allotted, these files now enjoy a decent premium ranging between PKR 50,000 to PKR 400,000 according to their respective locations. And that’s despite the fact that the owners have paid seven instalments already and are left with seven more.

For the upcoming ballot, the expectations are even higher as the cash files (issued under Director’s Quota) have always been more popular among the investors. In fact, the market rate of these files has gone up by over 70% in the last one year. Due to the fact that the trade volume was much higher for these files, the expected activity with the announcement of the ballot date appears rather promising.

Current market trends

At the moment, the transaction volume recorded for almost all projects in Gujranwala is low. Due to low demand, there has been a drop of PKR 50,000 recorded for Royal Palm City’s files. Hassan Basra of King’s Real Estate believes that drop in rate could continue for few more days but the situation will change right after Eid-ul Azha. He strongly recommend readers to purchase the cash files before the Eid Holidays start.

In addition to that, since Palm City has been the number one choice for investors from Gujranwala, the project is poised to bring along returns with announcement of the ballot date.

Decoding demand

While 5-marla has been the preferred size among short term investors, Royal Palm City has proven to be an exception again. According to Basra, the transaction volume recorded for 10-marla and 1-kanal residential plots files is as high as that documented for 5-marla files. And the same goes for the price appreciation seen for these plot sizes during the last year.

So, if you are planning to invest for short term in Royal Palm City, which is highly recommended by Hassan Basra, you can pick any option that suits your budget. The 10-marla plot files, due to being fewer in number, are always popular among a higher number of buyers.

A look at market rate

For the readers’ convenience, we have mentioned price paid for the instalment files so far, the premiums on these plots and the rates of cash files.

With strong expectations attached to a project that is the number one preference for local investors from Gujranwala, Royal Palm City is also been registering growth on Zameen Search Trends. While it currently occupies the second slot on the list of the most popular places in Gujranwala among people looking to buy residential plots, the society held first spot during the second half of 2017. And that was when anticipation for plot ballot for instalment files was building up.

If you think you should invest in this society to score gains in short term, or need further consultation with an expert Giver Hassan Basra of Kings Real Estate a call on +92-321-643-3633. In the meanwhile, if you have feedback to share on the article or any query for us, let us know through your comments.