In this Post
–Overview of CPHS
–Property Prices in CPHS
–Average Price of 5 Marla Plots in CPHS
–Average Price of 10 Marla Plots in CPHS
–Average Price of 1 Kanal Plots in CPHS
–Average Price of 5 Marla Houses in CPHS
–Average Price of 10 Marla Houses in CPHS
–Average Price of 1 Kanal Houses in CPHS
With the development of many new housing societies in recent years and infrastructural improvements like Ring Road, Orange Line and Metro Bus, Lahore, the City of Gardens, is expanding at a rapid pace. It now offers a wider range of property investment opportunities. Lahore Development Authority (LDA) approves and takes into account every construction activity taking place in the city. So, if you are also seeking property investment opportunities in Lahore, approved by LDA, then you might want to check out Central Park Housing Scheme (CPHS). So, how is it like buying property in Central Park, Lahore? Let’s find out!
About Central Park, Lahore
Offering tranquility and a very good location, Central Park Housing Scheme is one of the latest developments in the City of Gardens. It is directly linked to Ferozpur Road, which greatly adds to the convenience of commuters. Central Park Housing Scheme is one of the core projects of Urban Developers. The society was initially planned to span 9,500 kanal but in the light of high demand for land in the area, this mega residential project in Lahore is yet to expand. It is expected that the further extension of Central Park, Lahore will be carried out at an equivalent piece of land, details of which have not been disclosed by its developers.
The housing scheme has been subdivided into eight blocks, starting from A till F. As of now, the development of society is going at a satisfactory pace. Unlike other popular housing projects including DHA and Bahria Town, Lahore, the property prices in Central Park haven’t undergone major fluctuations and the neighbourhood has experienced gradual appreciation in its property value over time. For instance, a 1 kanal plot in A Block of the society which was around PKR 25 lakh a few years back, is now available for around PKR 80 lakh, which is a noticeable difference. The fact is also backed by the data accumulated from Zameen.com.
Along with profitable investment opportunities, this newly developed residential project in Lahore offers many living facilities some of which have already been launched and listed as under:
- Well-maintained Water Filtration Plants
- Proper Electricity Cabling and Wiring
- Security System and CCTV Camera Monitoring
- Automatic Barriers on the Gates of Society
- Parks in Every Block (the Main Central Parks Spans Over 500 kanals)
- Public Wastebins
- Grand Jamia Masjid
- Central Park Teaching Hospital & Medical College
- Accessibility to Public Transport
- Society’s Own Shuttle Bus Service
- Ample Parking Space
- 40 to 150 feet Well-carpeted Roads
- Security Patrolling
- Public Library
- LED Street Lights with Solar Panels
The unique location of Central Park, Lahore also adds to the significance of society. Let’s take a look at some of the key highlights of the location of Central Park, Lahore.
- The bus depot of the Lahore Transport Company is only at a distance of 3.3 kilometres from society.
- CPHS is directly linked with the Lahore International Airport via Ferozpur Road and Lahore Ring Road.
- Directly linked to the city centre via Ferozpur Road and Lahore Ring Road.
- Share boundaries with other popular newly established neighbourhoods including Al-Haram Gardens, New Kashmir Park Housing Society, Bahria Nasheman and Sun City Housing Society, running along Ferozpur Road.
More About Buying Property In Central Park, Lahore
Central Park Housing Scheme, which is one of the most sought-after residential projects among people looking for property investment opportunities in Lahore, has chiefly two types of properties up for sale: houses and plots. The available property units in the area mainly come in three sizes: 5 marla, 10 marla, and 1 kanal. We’ll further discuss the popular subdistricts of CPHS and the price range for each property size for both houses and plots.
Average Property Prices in Central Park, Lahore
Now let’s discuss the average property prices in Central Park, Lahore, in detail. In light of the data given above, you can purchase a 5 marla plot for around PKR 25 lakh. Likewise, the average asking price of a 5 marla house in Central Park hovers at PKR 81 lakh.
If you are looking to make a bigger investment, you can buy 10 marla and 1 kanal plots, which are available for PKR 46 lakh and 77 lakh, respectively. A 10 marla house for sale in Central Park, which is a mid-sized dwelling, is available for an average price of PKR 1.3 crore.
On the other hand, if you need a more spacious dwelling, then you can invest in a 1 kanal house for sale in Central Park, the cost of which is around PKR 2.4 crore, on average.
Average Price of 5 Marla Plots In Central Park Housing Scheme
Central Park – Block E
- The average price of a 5 marla plot in Block E of Central Park is PKR 23 lakh.
- One of the key reasons behind the popularity of Central Park’s Block E is its location near the intersection of the two main 150 feet-wide boulevards in the area.
Central Park Block B
- Investing in a 5 marla plot in Central Park’s Block B will cost you around PKR 23 lakh.
- While buying property in Central Park, Lahore, you can consider investing in its B Block as it is one of the most developed areas in the residential project where you can immediately start construction activities.
Central Park Block A
- If you want to purchase a 5 marla plot in Central Park’s Block A, then you may have to spend around PKR 32 lakh, on average.
- Block A is also counted among the most developed parts of CPHS, enjoying the presence of well-maintained boulevards, a majestic fully-constructed Jamia Masjid, and a beautiful park.
Average Price of 10 Marla Plots In Central Park Housing Scheme
Central Park – Block A
- When buying property in Central Park, Lahore, you may have a plethora of choices. For instance, you can invest in 10 marla plots up for sale in Block A, which are available at reasonable rates at around PKR 55 lakh, on average.
- Since most of the area in Central Park’s Block A is developed, it’s real estate value is gradually increasing with time. The neighbourhood runs along a 150-metre wide road, which is directly linked to society’s entrance.
Central Park – Block C
- The average asking price of a 10 marla plot in Central Park’s Block C is PKR 34 lakh, which is lower than in the other subdistricts.
- It is expected that once the possessions of all of the properties are handed over, the property rates may increase.
Central Park – Block G
- For owning a 10 marla plot in Central Park’s Block G, you will have to pay an average price of around PKR 51 lakh.
- Block G is another partially developed subdistrict of Central Park, Lahore, where most of the residential land has already been equipped with all the necessary utilities.
Average Price of 1 Kanal Plots In Central Park Housing Scheme
Central Park – Block B
- Central Park’s Block B has turned out to be the most popular area for buying 1 kanal plots, where the asking price of such property is PKR 76 lakh.
- Among one of the first few developed blocks of the society, Block B of Central Park mostly features mid- and large-sized properties, well-connected with the roads and boulevards running throughout the housing scheme.
Central Park – Block C
- If you have a budget of around PKR 58 lakh, you can easily invest in a 1 kanal plot in Central Park’s Block C.
- The area is partially underdeveloped where possession of most of the residential land is still due.
- Some of the key highlights of the area include the presence of a neat and clean infrastructure, lush green park, proximity to a commercial centre, easy access to the main Ferozpur Road and Jamia Masjid of the area.
Central Park – Block A
- Appearing as one of the top areas for most of the property types in Central Park Housing Scheme (CPHS), Block A has yet again appeared among the top areas to buy 1 kanal plots, the asking price of which hovers at PKR 89 lakh.
- All of the residential plots in Block A are well-aligned, forming a neat row of properties on one side of the main 150-feet-wide boulevard that starts from the entrance of CPHS, adding to the beauty of the locality.
Average Price of 5 Marla Houses In Central Park Housing Scheme
Central Park – Block A
- One of the oldest and most developed neighbourhood of Central Park Housing Scheme, Block A offers 5 marla residential units with an asking price hovering at PKR 76 lakh.
- As of now, it is the only block CPHS that features fully constructed small residential units measuring 5 marla, which makes it ideal for people interested in budget-friendly real estate investment.
Average Price of 10 Marla Houses In Central Park Housing Scheme
Central Park – Block A
- Central Park’s Block A, which is one of its most popular subdistricts, has 10 marla houses up for sale with an average price of around PKR 1.3 crore.
- Two of the main reasons behind the popularity of Block A is that you’ll find a plethora of boulevard-facing mid-sized residential units here. Furthermore, it is located very close to the main entrance, making it convenient for people to get to the other areas of the city.
- Another feature that makes Central Park’s Block A different from the rest of the subdistricts is that it includes VIP Homes, a residential project located within Central Park, which boasts ready-to-move-in houses having the same structure both from interior and exterior, giving the locality a uniform and neat look.
Central Park – Block G
- Buying a 10 marla house in Block G, which is another very popular sub-locality in Central Park, will also cost you around PKR 1.3 lakh, which is a quite reasonable rate for a mid-sized, double-storey house.
- Since Central Park’s Block G is one of the latest developments in the area, it mostly boasts newly constructed, ready-to-move-in attractive looking bungalows.
- Plus, the locality is just a few minutes’ walk away from the main park, which is a large expanse of greenery, spanning over 500 kanal.
Central Park – Block F
- Central Park Block F also features 10 marla houses, the average price of which is again around PKR 1.3 crore.
- Block F is a partially developed locality in Central Park, Lahore, but like the rest of the subdistricts of the neighbourhood, it is well-equipped with electricity, gas and filtered potable water supply.
Average Price of 1 Kanal Houses In Central Park Housing Scheme
Central Park – Block A
- As of now, the only subdistrict of Central Park where you can find a 1 kanal bungalow is Block A, the average asking price of which is around PKR 2.3 crore.
- Similar to what we have discussed in the case of plots, most of the 1 kanal houses are located along wide boulevards in the society, which allow the residents to easily commute by using society’s very own shuttle service and other modes of transportation.
This brings us to the end of our investment guide for buying property in Central Park, Lahore. We hope you found it informative and useful. For your suggestions and queries, you can get in touch with us at blog@zameen.com.
Meanwhile, you might also be interested in reading our investment guides on some other top areas in Lahore including Lake City, Bahria Orchard, and Askari 10. Also, don’t forget to go through our listings for low-cost houses for sale in Lahore if you’re looking for a budget-friendly property investment opportunity in the city.
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