Being the third largest city of Pakistan, and a traditional centre of textile, Faisalabad experiences a constant inflow of business-seeking individuals. Consequently, this situation has always led to an increased demand for housing. And nowadays, people want their homes & neighbourhoods to be equipped with a full range of modern amenities. Among a number of housing schemes developed to meet this demand, Wapda City Faisalabad ranks at the very top of the city’s real estate pecking order.
About Wapda City Faisalabad
A project by the WAPDA Employees Cooperative Housing Society, Wapda City Faisalabad is meant for both WAPDA employees and the general public. The authority’s employees get plots allotted to them on a ‘no profit, no loss’ basis. They are then given the options of either building a house on this land or putting it up for sale.
Project Details
Wapda City is a gated society spread across more than 650 acres of land. Its design is supervised by NESPAK, and plays host to the full spectrum of residential facilities normally desired by homeowners. The society promises a higher standard of living for the people of Faisalabad, and it has attracted interest from both genuine buyers and investors.
Wapda City offers plots in 12 blocks, spanning from Blocks A to H, and J to M. It features plots sized at 5-marla, 10-marla, and 15-marlas, as well as 1-kanal.
Why Invest in Wapda City Faisalabad?
As per the updated buying trend of the Faisalabad city, the society currently ranks at the most searched society in Faisalabad for buying property. Its stable market performance proves that the public finds Wapda City more economically feasible – both as a buying and investment option – as compared to other housing schemes in the city.
In terms of development, the society boasts both residential and commercial quarters. From parks to business avenues, it offers everything that is needed to make way for a comfortable neighbourhood living experience.
The quality of project construction is also an attractive feature for home seekers – and provides another good reason for them to consider investments here.
Wapda City’s Popularity among the City’s Investors
The project has managed to maintain its top search position (referenced above) for several months now. In order to get the exact lowdown on the society, we talked to a few agents that directly deal with plots available for sale in Wapda City. And for the most part, they all agree that although end-users (genuine buyers) are showing more interest, the society is also no less popular among experienced investors.
As we tried to trace the reasons for this popularity, we came across two that figured more prominently on our analysts’ radar than the others.
Number One: Wapda City Faisalabad is a government-backed project. This fact increases its reliability from an investor’s point of view. It encourages them to believe that the society’s current fast pace of development will continue; another significant harbinger of a profitable investment experience.
Number Two: The society offers the resource of good-quality potable water; a much-sought-after provision due to its general shortage in most Pakistani cities nowadays. This facility, naturally, attracts end-users, and investors’ interest automatically follows.
The fact that plot prices in 2019 have remained comparatively lower is also a solid reason why the project lures in property buyers like little else. The lowest possible plot price offered in the scheme, as such, is currently PKR 400,000.
A glance at the Wapda City Faisalabad map reveals that it lies close to the Motorway network, and away from the hubbub of the busy city centre. Individuals seeking to build a home in the society are normally the ones who greatly value this desirable ‘proximity’ feature.
Overall, the project offers a peaceful residential locality; but one that is not deprived of any client-anticipated community-living ‘must haves’. Meanwhile, the scheme’s nearness to the above-mentioned highway route enhances its connectivity potential.
All these project attributes collectively make for profitable investments – over both the short and long-terms.
Popular Blocks and Plot Sizes for Investment
Based on the gist of all our property agent interactions conducted for this piece, we were able to reasonably assume that almost all blocks in this society can prove lucrative for investment – at present. But if asked to narrow the selection down, we would recommend investors to go for 10-marla plots in blocks A, B, K, and M.
One of the city’s agents, informed us that the project’s 10-marla plot prices range from PKR 3,400,000 to PKR 4,500,000 for blocks A & B, and from PKR 4,500,000 to PKR 6,000,000 for blocks K & M. Other real estate agents also recommended 5-marla plots in block L as suitable investment options.
As per the buying trends of Wapda City Faisalabad, block M ranked at the top for March 2019. The statistics also showed slightly increased buying activity in blocks K and L. Block A closely trailed these two project sections at the 4th position.
Advice to Investors
Several experienced property agents recommend investors to not hesitate in buying 15-marla and 1-kanal plots. They say that people seeking to construct a home appreciate these two land sizes, as they are more accommodating of modern home designs. This government-backed housing project also provides a feasible investment opportunity due to its good management and consistent pace of development.
For existing project investors, a holding period of three to four months is currently trending. In some cases, it has even been seen to be as low as one month. This observation indicates that investors can avail good investment deals primed for a relatively short time period.
In most instances, however, interested investors can expect good profit returns in Wapda City Faisalabad with a maximum holding period of six months.
So not a bad bargain – as anyone with even the remotest insights into the country’s property market (and how it functions) would attest!
