Overview
- Updated On:
- August 24, 2024
Description
Central Park Housing Scheme is one of Lahore’s most sought-after residential and commercial developments, renowned for its strategic location and state-of-the-art infrastructure. Nestled in the western part of Lahore, this housing scheme offers a blend of modern living and investment opportunities. Central Park Housing Scheme is ideal for those seeking residential serenity and commercial vibrancy.
Overview of Central Park Housing Scheme
Central Park Housing Scheme, developed by Urban Developers, spans across vast acres, offering a mix of residential, commercial, and recreational spaces. The project is designed to cater to the needs of a diverse population, from middle-class families to high-end investors. The scheme is equipped with modern amenities, including wide roads, parks, educational institutions, and healthcare facilities, making it a self-sufficient community.
Location and Accessibility
The scheme is strategically located on Ferozepur Road, one of Lahore’s major arteries, providing easy access to the city center and other key areas. The proximity to the Lahore Ring Road further enhances its connectivity, making it convenient for residents and businesses alike. The location of Central Park Housing Scheme ensures that it remains accessible yet away from the hustle and bustle of the city, offering a peaceful environment.
Development and Infrastructure
Central Park Housing Scheme boasts world-class infrastructure, with meticulously planned road networks, underground utilities, and modern sewage systems. The developers have ensured that the project meets international standards, providing a safe and secure environment for its residents. The presence of a dedicated commercial area within the scheme ensures that residents have access to all necessary services without having to leave the community.
Importance of Commercial Plots in Real Estate
Investing in commercial plots has always been a lucrative option in the real estate market. Commercial properties not only offer higher returns compared to residential properties but also provide a steady income stream through rentals.
Why Invest in Commercial Property?
Commercial properties, especially in well-developed housing schemes like Central Park, are in high demand due to their potential for generating substantial returns. These properties attract businesses that need a stable location with high footfall, ensuring that the investment is secure and profitable. Additionally, commercial plots often appreciate faster than residential properties, making them a wise choice for investors.
Benefits of Owning Commercial Plots
Owning a commercial plot in a prime location like Central Park Housing Scheme offers numerous benefits. These include high visibility, easy accessibility for customers, and proximity to other businesses, which can drive more traffic to your establishment. Moreover, with the growing population in the area, the demand for commercial spaces is expected to rise, ensuring a steady appreciation of property value.
Market Trends for Commercial Properties
The real estate market in Lahore, particularly for commercial properties, has seen consistent growth over the years. With the city’s expansion and the development of new housing schemes, there has been a significant increase in demand for commercial plots. Central Park Housing Scheme, with its strategic location and modern amenities, is poised to become a commercial hub, attracting investors from across the city.
Overview of 2 Marla Commercial Plots
A 2 Marla commercial plot, while relatively small in size, offers immense potential for businesses and investors. These plots suit small businesses, retail shops, and offices.
Size and Dimensions
A 2 Marla plot typically measures around 544 square feet (approximately 20 x 27.5 feet). Despite its compact size, it is ideal for small to medium-sized businesses that require a functional space without the need for a large footprint.
Ideal Usage for 2 Marla Plots
These plots are perfect for setting up small retail shops, cafes, boutiques, or offices. Given the high footfall in Central Park Housing Scheme, businesses operating on these plots are likely to thrive. Additionally, these plots are also suitable for investors looking to build small commercial buildings that can be rented out to multiple tenants.
3.3 Market Demand for Smaller Commercial Plots
The demand for smaller commercial plots has been on the rise, particularly in densely populated areas like Central Park Housing Scheme. These plots offer an affordable entry point into the commercial real estate market, making them accessible to a broader range of investors.
4. Features of Commercial Plots in Central Park Housing Scheme
The commercial plots in Central Park Housing Scheme come with a host of features that make them an attractive investment.
4.1 Prime Location on 150 Wide Road
One of the standout features of the commercial plots in Central Park is their location on the 150 wide road. This road is a major thoroughfare within the housing scheme, ensuring maximum visibility and easy access for businesses. Plots on this road are highly sought after due to their potential for attracting high footfall.
4.2 Infrastructure and Facilities
The plots benefit from the top-notch infrastructure of Central Park Housing Scheme. This includes well-paved roads, street lighting, and a reliable supply of electricity, water, and gas. The area is also well-maintained, with regular cleaning and security services ensuring a safe and pleasant environment for businesses and customers alike.
4.3 Proximity to Key Areas
The commercial plots are strategically located near residential areas, parks, and other amenities within the housing scheme. This proximity ensures that businesses on these plots have a steady stream of customers, both from within the scheme and from neighboring areas.
5. Pricing and Payment Plans
Investing in a 2 Marla commercial plot in Central Park Housing Scheme is an excellent opportunity, thanks to the flexible pricing and payment options available.
5.1 Current Market Prices
As of the latest market trends, 2 Marla commercial plots in Central Park Housing Scheme are competitively priced, making them an attractive option for both small investors and established businesses. The prices vary depending on the exact location of the plot within the scheme, with plots on the 150 wide road commanding a premium.
5.2 Payment Plans and Installments
To make the investment more accessible, Central Park Housing Scheme offers flexible payment plans. Buyers can opt for installment plans, spreading the cost over a few years, which
- Principal and Interest
- Property Tax
- HOA fee