Royal Orchard Multan is one of the most popular housing societies among genuine buyers looking to construct their homes in the near future. As a project of Habib Rafiq (Pvt) Ltd. Royal Orchard is unique in many aspect – sustaining the pressure of low investment activity during the last several months is one of them.
The developer has lately granted property possession in four blocks of Royal Orchard, making it even more important for us to give you an update on its current status. For this purpose, we have talked to Khawaja Associates’ Khawaja Muhammad Junaid.
Project details
It is located on Multan Public School Road and lies at a distance of only nine kilometres from Multan International Airport. The society spans an area of approximately 4,000 kanals and comprises six blocks; Blocks A, B, C, D, E, and F. The residential plot size available here are 5-marla, 10-marla, 1-kanal, and 2-kanal.
As a properly conceived and executed housing society with proper town planning that features landscaped green areas, wide roads, maintained parks and sound security arrangements, Royal Orchard has introduced a new standard of living for the people of Multan.
The entire project, which was launched back in February 2016 on a three year payment plan, was sold out instantly, Junaid told us. At the moment, property owners have paid over 50% of instalments due.
Latest developments
In Blocks A, B, C, and D, the developer has completed over 90% of the work and is currently busy carpeting the roads, according to Junaid. Meanwhile, the society has also granted possession, he added. The society has asked the property owners to pay possession charges of PKR 2,000 per marla and get possession of their plots, Junaid reported.
In addition, several builders are also busy constructing villas in Royal Orchard for the end users. The grey structures of many of these units are already in their advanced stages, he said. So those looking to move to Royal Orchard can purchase one of these villas offered at a convenient payment plan, he added.
Demand and trends
As of late, due to low investment activity observed in the property sector throughout the country, a drop has also been noticed in demand for plots in Royal Orchard. It is normal for property rates to plunge when demand goes low, but we haven’t seen this happen. Instead, rates have remained stable, according to Junaid. With property possession granted, and construction activity initiated for residential units, Junaid expects that the demand will increase once again.
Rates here vary based on the location and status of on-ground development work. Take a look:
| Blocks | Plot size | Price Range |
| Block A | 1-Kanal | PKR 9,000,000 – PKR 12,000,000 |
| 2-Kanal | PKR 18,000,000 | |
| Block B | 10-Marla | PKR 5,000,000 – PKR 5,300,000 |
| 1-Kanal | PKR 9,000,000 – PKR 11,000,000 | |
| Block C | 10-Marla | PKR 5,200,000 – PKR 6,000,000 |
| 12-Marla | PKR 5,800,000 – PKR 6,500,000 | |
| 1-Kanal | PKR 8,700,000 – PKR 10,000,000 | |
| Block D | 5-Marla | PKR 2,900,000 – PKR 3,200,000 |
| 10-Marla | PKR 4,600,000 – PKR 4,900,000 | |
| 1-Kanal | PKR 8,000,000 – PKR 9,000,000 | |
| Block E | 10-Marla | PKR 4,700,000 – PKR 5,200,000 |
| 1-Kanal | PKR 8,000,000 – PKR 8,500,000 | |
| 2-Kanal | PKR 18,000,000 | |
| Block F | 5-Marla | PKR 2,500,000 – PKR 2,750,000 |
| 10-Marla | PKR 4,500,000 – PKR 4,800,000 | |
| 12-Marla | PKR 5,600,000 – PKR 6,200,000 | |
| 1-Kanal | PKR 8,000,000 – PKR 8,500,000 | |
| 2-Kanal | PKR 18,000,000 |
The interested buyers should opt for buying plots in the blocks where property possession has been granted because Junaid believes that with increasing property demand among the end users, rates here are likely to inch up soon.
If you wish to speak to Khawaja Associates’ Khawaja Muhammad Junaid for further consultation, give him a call at +92-307-639-3170. If you have any questions for us or feedback on this article, talk to us in the comment section below.
You can also consult our property experts on the Zameen Forum by starting a new discussion.
Related News
