Gujranwala’s real estate has made great strides in the last few years. As a result of this, a range of projects have emerged to prominence and attracted a pool of investment in the city. Of these, the most significant change has been observed in G Magnolia Gujranwala, a project by Ramsha Builders. According to Zameen.com Trends, some market variables have caused the Index to go up by one point during the last month. Property listings have subsequently also increased on the Zameen.com Property Listings Page.
The project is located on main GT Road and offers easy accessibility to everywhere in the city as well as anywhere else.
Zameen.com Index shows that the popularity of G Magnolia Gujranwala has increased during the last month. From January 2018, the project has competed against more preferred localities, only to land at the 7th position during May 2018. The on-ground prospects show promising results because of which G Magnolia has emerged on the real estate scene.
According to Chaudhry Usman from Tawakul Estate & Builders, in the last year, the society’s management has been changed. This new management, according to him, is much more efficient because of which people are now more confident about their ventures.
Development and possession
Development work is ongoing. All main roads, streets, commercial centres, and plotting has been done, and utility connections are to be provided. The project has blocks from A-J, and except for Blocks B and C, no other blocks have gas connections. But with the availability of possession, people have been constructing their houses in the society, which promises a comfortable lifestyle and good returns on investment for all those looking to make profitable ventures.
Usman also added that each block has a commercial centre of its own, which caters to everyday needs of the residents. G Magnolia has a school inside its premises, as well as a renowned education franchise just outside its gate. A medical college is also being built inside the project to facilitate the students.
Property, prices, projections
According to Tariq Iqbal, a real estate agent, on offer are plots sized 5, and 10 marlas as well as 1, and 2 kanals. The prices of these at the moment are PKR 400,000/marla for 5-, and 10-marla plots, whereas prices are PKR 250,000/marla for 1-, and 2-kanal plots. As is evident in the prices, the 5-, and 10-marla plots are being preferred by both genuine buyers and investors at the moment.
This can be attributed to low construction and maintenance costs of these houses and good investment yield in the long run, according to Usman. When comparing with last year, Usman has observed that prices for 10-marla plots have increased from PKR 1,200,000 to PKR 3,000,000. This shows that prices have more than doubled during this time.
It is expected that by the end of this year, prices will have increased even more. G Magnolia is offering competitive prices which is giving it an edge over all other projects. With lowered prices and good prospects, it is time to invest/buy in G Magnolia and be a part of fruitful real estate venturing. If you have any questions or comments, use the comments section below. For a more detailed discussion, head over to the Forum!
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