It is among the few developed housing projects in the city where rates are fairly reasonable at the moment. The agents operating in Wapda City believe that since investment activity has been on the low side since the last couple of years, rates here couldn’t increase in accordance with the society’s real potential. Whether or not should the investors head to Wapda City to avail the low market rates with long to medium term investment goals is up to them, but the genuine buyers looking to construct their homes soon should go for it.
Market trends
The demand for plots in Wapda City has been stable from the last several months. That’s because the project mainly serves investors. In the absence of investment activity, the presence of the end user has kept the rates from falling. There in fact has been gradual rise in rates. If investment activity doesn’t resume in the real estate market, prices here will increase in their natural pattern constantly for the next many years to come. This also is perhaps the reason why experts believe that the project is more appropriate for investment made for the medium to long term.
Buying Trend
The society primarily features residential plots sized 1 kanal. Many blocks here also have 10-marla plots while there is only one block having 5 marla options, i.e, Block L. According to Faisalabad Realtors’ Abdul Mussawar, the market witnesses more buyers for 10-marla and 5-marla residential plots, while those for 1-kanal plots is comparatively lower. But Mussawar believes that the beneficiary will eventually be 1-kanal plots because the society is designed for this plot category.
A look at market rates
Block A & B
These two blocks are located adjacent to each other and feature 10-marla residential plots. Development work here has been completed by 100%, while connections for utility services are also available. The society has left spaces marked for the construction of a commercial market, shops and for setting up parks and green belts, where work is yet to kick off.
These two blocks have been inhabited by 20%. Here are the current rates;
| Plot size | Price range in PKR |
| 10-marla | 3,000,000 – 4,500,000 |
Block C, D
These have 15-marla residential plots and are 100% developed with connections readily available for utility services. Block C has its park and commercial market ready, while work on construction of the mosque is underway. In Block D, work is being carried out on the parks, while that on commercial market and mosque is underway.
Block C and D are inhabited by 25%. Here are the market rates;
| Plot size | Price range in PKR |
| 10-marla | 3,000,000 – 4,500,000 |
Block E
Block E has 1-kanal residential plots and only a limited number of 10-marla plots. It has three parks, but only one of them has been made functional. In addition to that, work on land marked for the construction of mosque and commercial market is yet to start off. Block E is inhabited by 20%.
| Plot size | Price range in PKR |
| 10-marla | 3,700,000 – 4,500,000 |
| 1-kanal | 7,500,000 – 10,000,000 |
Block F & G
These blocks have 1-kanal plots. Block F has its park ready while the commercial market in Block G has been made functional. In addition to that, Block G’s mosque is under construction. Property rates here are higher than that of Block E because its location is comparatively better. These blocks are inhabited by 20%.
| Plot size | Price range in PKR |
| 1-kanal | 8,500,000 – 12,500,000 |
Block H & J
Both have 1-kanal residential plots and in terms of their location, they are considered quite prime as they face the canal and are also located close to the society’s main entrance on Canal Expressway. In Block H, work on construction of Jamia Masjid is underway, while the public park here has been made ready.
| Plot size | Price range in PKR |
| 1-kanal | 9,000,000 – 14,000,000 |
Block K
This block has 10-marla plots and some 5-marla residential plots. Block K has two parks, one of which is ready and functional, while space for the other has only been marked. It is inhabited by 25%. Demand for 5-marla plots is quite decent in Block K.
| Plot size | Price range in PKR |
| 10-marla | 3,000,000 – 4,500,000 |
| 5-marla | 2,700,000 – 3,000,000 |
Block L
The block primarily features 5-marla residential plots. Development work here has been completed with property possession available. Furthermore, connections for all utility services are also available here. Block L is inhabited by 25%. Here are the market rates of residential plots in this block;
| Plot size | Price range in PKR |
| 5-marla | 2,600,000 – 3,500,000 |
Block M
Its location is also considered prime as it faces the canal. Block M features residential plots sized 10 marlas. Out of the two parks planned for Block M, only one has been made functional. Space for other facilities such as a mosque and commercial market is left vacant.
| Plot size | Price range in PKR |
| 10-marla | 4,500,000 – 6,000,000 |
It is believed that the launch of Phase II will create some investment opportunity in the project and also jack up rates in Phase I. As and when there some development is completed in this regard, we will keep you posted.
If you have feedback on the blog or any query for us, let us know through your comments. And if you wish to speak to an expert regarding buying property in Wapda City, please get in touch with Faisalabad Realtors Abdul Mussawir at +92-0321-8663540.
