Rawalpindi Ring Road – Inauguration & Latest Developments
The real estate market of Rawalpindi and Islamabad is abuzz with the investment potential in land along the upcoming Rawalpindi Ring Road. Many a housing scheme is using this major development as its USP because location is the most important factor in real estate which cannot be downplayed in any case.
Taking example of DHA Phase 4 and DHA Phase 5, people would prefer buying expensive plots in DHA Phase 5 because it lies on main Islamabad Highway which gives better and seamless connectivity to Islamabad and Rawalpindi, whereas DHA Phase 4 doesn’t attract investors due to its location.
As shown above, DHA Phase 4 is adjacent to DHA Phase 1 and Bahria Town Phase 8, but it doesn’t attract buyers because it won’t get seamless access to all parts of the city. On the other hand, DHA Phase 5 is directly linked with Islamabad Expressway, which offers seamless access to all parts of the city, as well as upcoming ring road.
Since we have already given all basic details on Rawalpindi Ring Road in our previous articles, we will discuss mainly on the current developments and future prospects.
You can find basic details about ring road plan and finalized alignment at the following page:
Below you can find out which housing projects lie close to Rawalpindi Ring Road which offer great potential for investment:
Where to invest along Rawalpindi Ring Road?
Inauguration
This is the most important development which is awaited by all land holders and investors. The inauguration was scheduled in last quarter of 2020, however due to departmental delays as well as pandemic issues, groundbreaking ceremony has been delayed for a few months.
Since all requisite approvals and NOCs from different departments were to be acquired, and the planned land had to be purchased from landowners before finally awarding the contract, this entire procedure required a couple of months before the official inauguration.
The project will be officially inaugurated by Prime Minister Imran Khan and CM Punjab Usman Buzdar soon after the project contractor is finalized. If things continue at current pace, we can expect physical development on Rawalpindi Ring Road project to commence by or before March 2021.
Current Developments
Rawalpindi Ring Road project has been approved by all relevant departments including Environment Protection Agency which issued its NOC in December 2020. Survey of entire route has been completed recently by RDA and NESPAK, and concrete pegs have been installed over 35 KM length of Rawalpindi Ring Road to mark the route.
Land purchase of over 20 KM length of Rawalpindi Ring Road has also been completed, while RDA is currently working to complete all requisite paperwork which includes technical design, financial design, environment impact, and overall design of Rawlapindi Ring road. Once this paperwork is completed, RDA will advertise for project contractor and then physical work will start.
Since Government of Punjab has already issued ample amount for land purchases and relevant developments, there is no scarcity of funds to procure the land required for Ring Road as well as planned commercial zones which have already been marked and surveyed.
You can go through latest news reports on Ring Road project below:
As per the news reports, this entire procedure till start of work will take approximately 3 months, so we can expect physical development work by March or April 2021.
When we look at the ongoing developments on Ring Road Project, we can confidently say that finally this mega development project is launching very soon. This entire area from Rawat, Chakbeli Road, Adyala Road, Chakri Road, New Islamabad Airport, Fateh Jang Road, and Sangjani will be connected through Rawalpindi Ring Road and land value in these areas will increase multiple times in the next few years.
Should you require any specific information regarding real estate investments along Rawalpindi Ring Road, feel free to contact us via email at marketing@manahilestate.com or call/whatsapp at 03455222253 for quick assistance.
