Square One – new haven for investors?

Owning a shop in Lahore’s central business district is a dream come true for people that want a prime location for their businesses and/or commercial outlets.
There are several different projects opening up in the Gulberg area, all of them entice commercial investors with their many offerings. But today I will be discussing a project that has something unique to offer to commercial investors.
Square One offers Pakistan its first taste of the hotel apartment concept. When it comes to the commercial aspect, sitting on the intersection of MM Alam Road and Ali Zeb Road, it has different shop options, available on easy instalments spread over 2.5 years. Despite its location and concept, you can actually book a piece with a 26% down payment, at instalments that fall as low as PKR 227,000.
The building will host shops on four floors. The place has many shops that can be used to populate brands both big and small. I believe the project will become a favourite for shoppers all over the city. The ground floor is dedicated to a ‘Gold Souk’, which is essentially going to serve as an area where goldsmiths can set up their businesses and enjoy extra exposure and growth.
The project’s modern and chic vibe will definitely help get you customers that let their wallets do the talking.
Let’s talk returns
The neighbourhood where Square One is located in has seen real estate price jump 70% to 75% in the last three years. It is expected that the average price of property in the area will increase by another 80% to 85% in the next four years.
It won’t just be lucrative for people looking to open their own businesses, but also investors that may want to offer their spots up for rent. You will be able to bag a rental income of around 6.5% per year.
The average per square rate of a shop in Square One is PKR 82,500. In comparison, the prices of similar shops in other projects located at prime locations in Lahore are quite high.
Here’s a small comparison:
Project/area
Burj Al Saeed
Liberty Market
Gold Mine Plaza
Square One
Average per square foot price of shops
PKR 160,000
PKR 217,500
PKR 162,500
PKR 82,500
For a project that is offering something completely different to being with, these prices are definitely not bad.
One of the most important factors for any real estate project is location. With its placement, Square One promises to outshine most other projects in Lahore. The site is located within close proximity to the Liberty Market, Mian Mahmood Ali Kasoori Road, and even the Gaddafi Stadium. If there was ever a hub that could be called the most lively place in Lahore, this would be it.
Furthermore, the project is only a few minutes’ drive from Ferozepur Road, Gulberg Main Boulevard, Model Town, Jail Road, DHA Lahore and Canal Bank Road.
Square One is being exclusively marketed by Zameen.com, which means that we have scrutinised the project in every manner possible to ensure that buyers get what has been promised to them.
I want to spend a minute talking about parking as well. We all know how busy this spot is when it comes to traffic. Parking won’t be an issue for Square One, as it is being developed with two basements, each spanning 40,000 square feet of space. A smooth inflow and outflow will ensure that there are no bottlenecks to worry about.
I


Comments

Post a Comment

Popular posts from this blog

PAEC Foundation Housing Project’s problems about to end?

Image
Located on Canal Bank Road in Lahore, PAEC Foundation Housing Project has been facing delays for many years now. The society’s management could not handover possession of property here, despite completing development work to a large extent. During 2013, there were many rumours that possession was on its way, but nothing happened. These rumours then resurfaced during 2016, but once again, no practical steps were taken to move towards possession. The real problem behind the delays was the supply of electricity. However, now there is light at the end of the tunnel. The Water and Power Development Authority (WAPDA) will finally supply electricity to the society, which means that possession will be granted here sooner rather than later. And what makes me believe that? WAPDA issued a demand notice to the society’s management for the supply of electricity, and the management has settled its accounts with the authority. According to a source, electricity wires have bee
Read more

All you need to know about Royal Palm city, Gujranwala

Aujla Associated, the same people who have previously delivered University Town and Canal View Housing Scheme, is developing Royal Palm City. It is a trusted name that delivers what it promises, which makes this a must-have project for investors and homebuyers. Let’s talk location The project is located off Main GT Road, near Chan Da Qila, right opposite Citi Housing Gujranwala. At present, it has no direct link to the GT Road, but that will soon change. In order to connect the project with the GT Road, the construction of an underpass has been included in the project’s master plan. Once completed, this underpass will serve as the main entrance to the society. In addition, the famous Al-Karam Marriage Hall and a railway track are located right behind the project. In terms of size, Palm City’s management claims that society will span over 4,000-kanals of land, all of which has been required. According to my sources, the developer is acquiring more land, so Royal Palm City is s
Read more

Why should you invest in Zarghoon Housing Scheme, Quetta?

Quetta, the prime most city that falls on China-Pakistan Economic Corridor (CPEC) leading to the western borders, is somewhat ignored in the entire concept of economic revolution we look forward to from the development of Gwadar. Not just that many investors fail to gauge the city’s importance, a big number of the local folks are also seen buying land in Gwadar. Looking at the rates of property in Quetta that could change soon. The announcement of DHA Quetta certainly will spice things up here, the real estate market nonetheless continues to serve genuine buyers. To throw light on one such project that currently interests genuine buyers, this exclusive piece on  Zarghoon Housing Scheme , which a project of Quetta Development Authority. A pretty fine location Zarghoon Housing Society is located near Hanna Bypass in Nawakili. It has a network of extensive road network spread around it. Many established housing societies including Jinnah Town, Ashiana Housing Scheme, Al Rehman T
Read more