The Ring Road is an upcoming construction project in Pakistan. It has an immense impact on the Real Estate of Pakistan. Moreover, the main reason for
The Ring Road is an upcoming construction project in Pakistan. It has an immense impact on the Real Estate of Pakistan. Moreover, the main reason for constructing this road is to accommodate the massive traffic flow coming from the centre of residential societies in Islamabad to Rawalpindi. The Ring Road route would start from Channi Sher Alam bridge near Rawat and end at Thalian Interchange on M2 Islamabad-Lahore Motorway. Thus, it is 32 km in length,2-Link Roads of 6 km and 8 km that connects Ring Road to GT road. Moreover, the ring road is around 300 ft. wide and has commercial areas on mutual sides. Furthermore, the Ring Road only consists of 6 flyovers, three interchanges and ten overhead bridges.
Apart from that, the project is under the control of the Punjab Highway Department, and NesPak has the master plan. However, the influence of the ring road on Pakistan real estate is going to be great, and it can be witnessed in the location map attached below:
- Chak Bali Road Interchange
- Rawat Interchange
- Adyala Interchange
- Motorway Interchange
- ChanniBridge Interchange
- Gorakhpur Interchange
- Dhamial Interchange
- Fateh Jang Interchange
- Chakri Interchange
Ring Road affect on Real Estate
The impact of Ring Road will be huge as it would increase the overall beauty of the real estate industry, especially the real estate projects near the M-2 Islamabad-Lahore Motorway. Moreover, New Islamabad International Airport is located right near to the Ring Road project, so investment opportunities would be much higher in this area of Rawalpindi and Islamabad. The construction of this road positively impacts the housing societies located nearby. Therefore, demand for property in close by organizations is increased and ease of moving to other areas of the central city, solving many of the travelling problems of the residents.
The impact of Ring Road on real estate is such that the attraction of buyers and investors to its adjoining housing and commercial real estate ventures is increasing. Moreover, Economic activity progresses due to the neighbouring location of New Islamabad International Airport. Furthermore, construction projects would create more of investment opportunities in the real estate industry, and the residents are now considering the nearby areas for living i.e. 7 wonder city So, the impact of the ring road on real estate will be monumental.
A benefit to Nearby Housing Projects
The construction of Ring Road would benefit different housing projects located close to the route. It remains one of the main concerns of the people. Moreover, less famous housing projects and real estate projects catch the attention of investors. The housing projects count for the quick advancement in ring road projects, as their entire success depends on it. Many of these real estate projects include Blue World City, Silver City , Bahria Town Extension, Top City1, Mumtaz City, Capital Smart City, Rudn Enclave, and other real estate projects Adyala and Chakri Road.
All these housing projects would experience increased prices of land as the demand is growing rapidly. Discovery Gardens Islmabad is also situated on the main Chakri Road near to the ring road. Overall, the main ring road would positively impact real estate, as it relieves heavy traffic on National Highway, lessens journey time, and solves various traffic issues of twin cities. Furthermore, the project allows smooth traffic flow, improves overall economic connectivity, and makes travelling from one area to another feasible and quick.
- The Ring Road project has several overall positive implications on Pakistan Real Estate that includes:
- Decrease traffic bottleneck on N-5.
- Less travel time for public transport, non-motorized traffic, and commuting vehicles.
- Increased traffic flow for travellers GT Road
- The nearness of New Islamabad International Airport enables economic activities to progress.
- Increase opportunities of investment
The impact of Ring Road would positively impact the real estate sector of Pakistan. The ring road impact on real estate would be fortunate as the prices of property would increase in the market. Moreover, property purchasing and selling may rise in adjoining areas due to ease in transportation, safety and development opportunities. Therefore, Ring Road helps investors in seeking a high return and profitable investment opportunities in residential and commercial areas of twin cities. The Government and relevant authorities are working intelligently to succeed this mega development project. Along with that, the ring road is also reviving some economic activities linked to real estate to attract investments and create new job opportunities. The real estate project also resolves underlying issues while also creating new opportunities for jobs. For more details about ring road impact, you may visit the office of Propertysaga.