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 Town and Blue Enclave are spread around the neighbourhood.

Since the area is well-populated and developed, many fine schools, colleges, commercial markets, and other recreational facilities are located close by. In other words, Zarghoon Housing Scheme enjoys a great location to begin with.

Development status

The society is 100% developed with possession available but no houses are being built at the moment as the society is yet to get connections for gas and electricity. This is one of the major reasons why rates here are pretty much in range of a wide bracket of genuine buyers. With the provision of electricity and gas connection, which is expected within next six months, you should expect the rates to go up.

Right now is the best time for genuine homes buyers to purchase property in Zarghoon Housing Scheme as any more delay could mean buying property at a higher price tag.

Market Rate

Property owners of Zarghoon Housing Scheme files are still to pay one more instalment before they are offered possession. Meanwhile these files are being traded on an asking profit (or own) that range between PKR 450,000 to PKR 1,500,000 for different plot sizes.

The scheme features plots in sizes of 120, 200, 300, 350, 400 and 500 yard².

Plot size	Launching price	Asking Profit
120 yard2	PKR 648,000	PKR 400,000 – PKR 450,000
200 yard2	PKR 1080000	PKR 480,000 – PKR 550,000
300 yard2	PKR 1620000	PKR 650,000 – PKR 1,200,000
350 yard2	PKR 1890000	PKR 800,000 – PKR 1,500,000
400 yard2	PKR 2160000	PKR 800,000 -PKR 1,400,000
500 yard2	PKR 2700000	PKR 1,000,000 – PKR 1,200,000

What to buy?

As the society currently serves genuine buyers, the smaller plots have a higher demand. Your choice to buy property depends entirely on your need and investment plan, the recommended plot size is 300 yard² and bigger. If you look at the price table above, you will notice that asking profit drops with the plot size going up.

What to expect?

With provision of electricity and gas, construction of homes in Zarghoon Housing Scheme will begin. In fact, availability of such basic facilities also help the property become more valuable. With construction work picking pace, many more people will be more interested in this project, in which case, prices can go up by 10% to 15%.

If you are a genuine buyer, purchase in Zarghoon Society if you don’t wish to spend more just about a few months later. If you are an investor, you should hurry up to because, at the moment, not many areas in Quetta promises gain in near future.