In the recent years, Peshawar’s real estate has presented a myriad of opportunities and challenges. The most prominent of these is Regi Model Town, a centrally-located project which has provided people with a unique chance of investment.
About the project
Regi Model Town is located opposite Hayatabad, the major housing project after Regi Model Town. The project was launched in 1995-1996. Development here has been really slow, but during the last five years has sped up its pace. During this time, there has been rapid development in terms of infrastructure, construction, and utility connections.
Development & possession
This housing society consists of five zones, Zones I-V, consisting of residential plots of 5 and 10 marlas, as well as 1 kanal. Zones III and IV are better developed as compared to others, and also offers possession, because of which people have already built their houses here. The only problem here, however, is the unavailability of gas. While the development authorities have put together the right framework for construction of roads, streets and other utility connections, this is the one that remains.
Prices & prospects
The prices of property here vary significantly, primarily because of differences in development. Zones III & IV are priced much higher as compared to Zones I, II, and V, because of their scope of development. Prices are as follows:
Zone I
Property Size
Property Price
5 marla
2,000,000-2,700,000
10 marla
4,400,000-5,500,000
1 kanal
7,000,000-9,000,000
Zone II
5 marla
1,200,000-1,800,000
10 marla
2,200,000-3,200,000
1 kanal
4,200,000-5,500,000
Zone III
5 marla
4,000,000-4,800,000
10 marla
6,000,000-7,800,000
1 kanal
8,500,000-10,005,000
Zone IV
5 marla
3,000,000-3,700,000
10 marla
5,800,000-7,000,000
1 kanal
9,000,000-10,010,000
Zone V
5 marla
1,000,000-1,300,000
10 marla
1,400,000-1,800,000
1 kanal
2,300,000-3,000,000
As can be seen, Zones III and IV are doing much better than others. Hence, prices here are also significantly higher. For Zones I, II, and V, only plot files are available. This is because there’s no formal structure of the zones that could attract the investors and buyers.
Looking ahead, however, there’s much that can be of benefit to people looking for a chance to invest here. According to Sohail Ahmed from Armaan Builders, the market for plots here has already jumped up because of elections. He is of the view that during the last five years much has been done inside the scheme, and in the coming years more is expected. Talking about the gas connections, Ahmed added that pipelines have been laid out, and it is only a matter of a few weeks when connections would be given. This, as per Ahmed, would further increase prices and move the market in the right direction.
This is an opinion shared by Raees Ahmed as well, who believes that the location and magnitude of the project are variables good enough to give the prices a rise. Sohail Ahmed believes that as soon as something is made out of Peshawar’s Bus Rapid Transit project, the government will be on top of Regi Model Town and this will usher in a new wave of investment.
But Zain-ul-Abideen from Shamal Property Consultant doesn’t agree. He believes that investment-friendly reforms are also needed. He highlights taxes as the main reason why real estate sector isn’t as investment friendly as some might think of it to be. In the next budget by the new government, the expected bulk of investment can only come if there are tax exemptions or a more business-friendly environment.
If you found this blog helpful, or have any queries, please comment below!
hi all ,
can any one guide me , if there is any installment plan available for 5 marla or 10 marla residential plots in Regi Model town ?
Thanks ,
Sameer Munir
Hi
I lost my Plot Docs someone can help me in this regard. whats app me please 00971522540903