Rawalpindi: The Rawalpindi Development Authority (RDA) recently revealed that the developers of dozens of private housing schemes were actively acquiring land along the route of the Rawalpindi Ring Road (RRR) — with the developers aiming to launch residential projects on these properties in the near future, according to a news source published on September 21. The ongoing land-buying activity indicates that thousands of residential units will be constructed in the area during the coming years.
Currently, the RDA is engaged with three mega infrastructural development projects, which include the RRR, the Leh Expressway, and the Rawalpindi-Islamabad Circular Railway Project. The development of these projects is expected to improve the city’s traffic situation and the socio-economic conditions of its residents. As per RDA sources, these projects are estimated to be completed in the next three years.
The authority will provide logistic and technical support to the firms engaged in conducting the development work on the aforementioned projects. Reportedly, the authority has tasked the experts working on these projects to complete the spadework by the end of 2020.
Additionally, the RDA has already finalised the road alignment and route for the RRR project, and the Punjab government has also issued the requisite funds to begin the land acquisition process. The provincial government has further issued funds worth PKR 5 billion to start the initial development work on the Leh Expressway. Both these projects are expected to be inaugurated by the end of the year.
At the same time, a team of civil engineers from China are currently in the process of preparing a feasibility report and PC-1 for the Rawalpindi-Islamabad Circular Railway project. The report is expected to be finalised in the next eight months.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
