The Springs Apartment Homes – safe investment for promising returns


                                                      


The Canal Bank Road has many interesting options if you are looking to invest in property, or simply looking for a place to settle down. I have been covering some of these projects in the past, and I’ll be talking about The Springs Apartment Homes in this piece.
Located on Canal Bank Road, The Springs Apartment Homes is a high-end project that offers villas and apartments on easy instalments spanning four years. While genuine homeowners should seriously consider the project for all it has to offer, it isn’t too bad a deal for investors either.
The Springs Apartment Homes boasts an excellent location – it is only a few minutes’ drive from important facilities and areas in the city. The project lies at an 8-minute drive from Lahore Ring Road, it sits a 5-minute drive away from the M2 Motorway, a 3-minute drive from DHA EME Sector, and is easily accessible from the Orange Line Metro Train Project. Simply put, The Springs Apartment Homes outshines many other projects in terms of its location.
Important stats
The project is situated in an area that has seen real estate prices increase by 50% to 60% in the last three years. It is expected that property prices here will increase another 65% to 75% in the next four years.
When you compare the project with similar projects in Lahore, you will realise that villas and apartments in The Springs Apartment Homes are being offered at comparatively low rates. Please see the table below:
Project
Per square foot price
The Springs Apartment Homes
PKR 8,000
Penta Square
PKR 13,900
Hyde Park
PKR 15,012
Oyster Court Luxury Residences
PKR 15,454
When you do a price comparison in terms of similar projects in the city, you can see the difference yourself. For instance, with just a 20% down payment, you can book an apartment in the project for as little as the PKR 6,640,000 and a villa for as low as PKR 19,050,000. More than 250 units have already been sold – If you want to book a unit in The Springs Apartment Homes you need to act fast.
The project is LDA-approved and features a 4-kanal central courtyard and many other high-end facilities, including a rooftop garden, centralised laundry and chauffeur services, to satiate your desires for a luxurious lifestyle.
Orbit Developers, the muscle behind the project, has a reputation for delivering quality products. Moreover, they have already proven their mettle by handing over the Islamabad chapter of The Springs Apartment Homes – located on the Islamabad Expressway – well in time.
The demand for housing units in the country is more than 0.7 million per year and Lahore and Karachi accommodate 62% of the urban population. The Springs Apartment Homes cater to the residential needs of the urban population really well.


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