The increasing demand of property in Rawalpindi has startled estate agents since the expansion of Islamabad and addition of various new and private housing societies and CDA sectors in the capital offers some very sound options for investment in the capital. The real estate analysts at Zameen.com offer a detailed insight into the factors that drive the demand and price of property in Rawalpindi.
As the sister city of Islamabad, Rawalpindi has been benefiting from its location since the established of the capital in the 60s. The temperate climate of the city and its strategic importance has driven many people from the neighbouring regions to settle here. The massive expansion experienced by the city in the last many decades has called for city’s development in terms of infrastructure and related facilities. Now, Rawalpindi is known as the fourth largest city of Pakistan. Zameen.com has noticed an increased demand of property in Pindi and has therefore done some research on the factors lifting the demand and value of property in Rawalpindi.
The expansion of Islamabad has literally linked Rawalpindi with the capital and now there is no more driving distance between the two cities. In addition to the two cities now lying next to each other, various private and public housing schemes have been established lately in the North Eastern outskirts of Pindi. The rising popularity of these housing societies, including Gulberg Islamabad, Margalla Town, Chaklala Town, Burma Town, Farash Town and Bahria Town, was destined to lift the real estate demand and value of property and rental price in Rawalpindi and this is exactly what has lately happened in the city. Various new housing societies in the eastern part of Rawalpindi are seen cashing on the rising demand of the private housing societies lying in the city’s neighbourhood.
With plans revealed for a New Islamabad City, the investors find the posh localities of Rawalpindi an investment hotspot since Pindi will then become the closest metropolitan to the most important part of the country. The quite and peaceful hues of the city and its presence on the route linking the beautiful valleys of the Northern Pakistan add further charm to the idea of staying in Rawalpindi. With so much happening around the land surrounding Islamabad and Rawalpindi is makes all the sense why the property in Pindi has suddenly become a matter of interest for the investors.
This press release is originally published on: http://www.allvoices.com/contributed-news/15841942-why-demand-of-property-in-rawalpindi-has-picked-up-an-expert-insight-by-zameencom