Attention, Investors - PAF Tarnol Rates Are At A Record Low
There have been many delays in the launch of new Islamabad international airport which has carried a drip in the demand of property for all the societies located in its neighborhood. Pakistan Air Force Housing Scheme Tarnol is one of those societies which has low demand.
We have tried our best to help you in giving a clear sight and update on projects for investment that is medium to long-term.
For this reason, we have communicated to Air Avenue Estate’s Ghazanfer Ali.
The society has a prime location on Fateh Jang Road which has a direct access from Islamabad-Peshawar Motorway through the Tarnol Interchange. It also lies in the Islamabad Capital Territory like other societies.
It includes features of 10-Marla and 1-Kanal residential plots having possession in all the society.
PAF Tarnol is completely 100 developed by providing all the basic necessities of life like guarded bounds, secure walls and so on.
There are huge rumors in the air about the new Airport’s launch but these are just rumors about the property rates and launching date. According to Ali, prices have risen by 12% in the second quarter of the year.
There is a reasonable demand for plots in PAF Tarnol due to the expectation of new launching date of the airport which has not formally announced. Many investors are fond of scoring gains by investing in different housing societies enclosed by the airport.
When the airport is inaugurated which is expected to be in next year, investment opportunities are expecting to reach its peak.
Ali suggested that the rate of 10-marla plots ranges in between PKR 4,500,000 to PKE 7,500,000 while the rate of 1-kanal plots ranges from PKR 7,500,000 to PKR 12,500,000. The rates are comparatively low in the areas where many families are living already.
Have A Look At Rates:
The demand for houses on rent in PAF Tarnol has endured limitless in spite of the drip realized for residential plots. According to Ali, the price of 10-marla house ranges from PKR 17,000,000 and PKR 22,500,000 which has a rental price of PKR 60,000.
The market rate of 1-kanal plots ranges from PKR 25,000,000 and PKR 30,000,000 which typically depends upon location by having a rent of PKR 1,250,000.
Ali believes when the rates of residential plots have fallen outside the peak rates that have seen during the second quarter year, the present rates are considered to be perfect for having short to medium term investment objectives.
He thinks that investors will actively bonce to PAF Tarnol after the inauguration of the airport in the beginning of next year. He believes that the property rates will increase with the passage of time and those investors who will invest later in the future will get high rates.
In the nutshell, Ali was trying to suggest that investors have to make a move now to get benefit from low market rates.
If you think it’s a right suggestion to follow then please let us know.