Wednesday, June 08, 2011

The Future of PHA apartments / flats in Shabbir Town Raiwind Road Lahore

What is future of PHA Flats Shabbir Town Lahore?
Is it good for investment point of view? 
What is current rental income?
And finally what is an average price of these flats ?

Hussain Kaisrani replied on Wednesday, June 8, 2011 03:41 AM PST

PHA Shabbir Town has two types of apartments:
B - Type (6 Marla apartment size approximately)
D - Type (3 Marla apartment size approximately)

Yes! It is a good investment if one has a B-Type apartment. The project is situated on main Raiwind Road Lahore and adjacent to Punjab University Employees Housing Scheme which is now on its final stage of development. Almost all the plots in Punjab University Project are of one kanal and are allotted to Professors.

University Of Lahore is also close by to B-Type Apartments. B-Type apartment has two approaches from Raiwind Road. The project is gated walled community, neat, clean and open as every apartment is a corner apartment. Also each plot has car parking facility as well as direct access to a park. This is a family oriented community.

The monthly rent is around Rs.12,000/= per month for a ground floor B - Type apartment.
Rs.25 Lac is an average price of a ground floor B - Type apartment.

All the utility connections (water, electricity and gas) are available.

D-Type apartment are not attracting investors due to its location and size. Moreover it is not a family oriented community as students are renting out these apartments.

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