Dear Respected Forum Members
Please check the below link for development work in Grand Avenues.
http://www.uda.com.pk/grand-avenues/development-work/road-work/#
Development work in Grand Avenues is in full swing and the news is that they will give possession in August 2015 for 1 kanal plots in block A(Confirmed from their office).
It is a least discussed scheme at a very strategic location next to Bahria Nasheman on main road and prices are low in the market. It is approved now from TMA and not included in LDA illegal list anymore.
I request forum members to discuss the investment options in Grand Avenue. I have spoken to few dealers and they said that now the prospects are good and prices will increase sharply within a year once they give possession in A block.
Regards
Ahsan Ali
Ahmed UAE replied on Friday, May 8, 2015 06:26 AM
Dear Ahsan, I am also having plots in Grand Avenue and regularly keep an eye on development status. although there is on going development for Block A , but what about block B and especially 10 marla plots. further more for your information if u visit WWW.lda.gop.pk, there u will find that grand avenue still in not cleared list by LDA |
Ahsan replied on Friday, May 8, 2015 08:35 AM
Dear Ahmed
They are working on Block B as well and did some changes in Map too to offer new 5 Marla cutting in B block by reducing commercial plots. The illegal list of LDA which identifies Illegal societies in Nishtar town domain on Ferozpur road does not contain "Grand Avenue" They got approval from TMA in 2012 July. They are advertising in newspapers and if the society is illegal it is not possible now to advertise (As far as I know). They have submitted all their paper work to LDA after approval from TMA (you can get confirmation by calling them)
I have spoken to many dealers and found that the issues has been resolved. It is a small society with only two blocks (A& B) and INSHALLAH very soon the prices will improve. They are doing marketing in newspapers and attempting to lift its appearance by doing extensive plantation and green belts.
In sum, the situation has changed and it is changing in a positive direction. You can see on ground development and construction of houses. Many dealers opened their offices in Grand Avenue and trade is happening.
I was thinking to sell my 2 plots but after observing ground reality and prices in the surroundings such as Bahria Nasheman( 5 marls 25-28).I have changed my mind and don't want to sell now. I am positive that it will pick up soon and give good gains INSHALLAH. |
Ahsan replied on Friday, May 8, 2015 09:12 AM
Dear Jameel Bhai
With Due Respect
Thanks for your valuable input. I totally agree with you that based upon ground realities it is highly underpriced and quality of development is excellent.
Kindly, please advise us what is your anticipated price of I kanal in Grand Avenue & central Park after three years (currently 30& 40 lac respectively). Your insight and deep analysis help us to make some right investment decisions.
Regards
Ahsan |
Jameel replied on Friday, May 8, 2015 09:34 AM
inshallha will catch 52, 53 in resale Market till that time. i.e 22 Lac gain from this point . When few houses will be there the difference with Central Park will finish.
I Think you Bought in 25 at Installments Hold it |
Ahsan replied on Friday, May 8, 2015 09:42 AM
Dear Jameel Sahib
Thanks, yes I got on 25 lac installment and I will INSHALLAH hold it as per your advice. Please give me your email to contact you. |
Jameel replied on Friday, May 8, 2015 09:51 AM
jameelm68 at mail dot com
to avoid spam search engine
Pls don't mind if I cant reply in time |
Ahmed replied on Tuesday, March 3, 2020 07:33 AM
Dear,
Can anybody tell me Grand avenue is approved society is it safe investment. |
