Sunday, May 20, 2012

Real Estate Investment in Quetta with just Rs. 10 Million

Surrounded by mountains, Quetta was once knows as "Lille London" due to it's cooler climes. Although Quetta isn't as idyllic as it once was, demand for real estate there is high, primarily due to the influx of migrants from neighboring areas, and it was considered to be the best place for real estate investment.
Here is a look at houses in upscale and well-maintained residential areas in Quetta that can be purchased for Rs. 10 million or less:
1. Cantonment was established in the late 1800s, during the British occupation. It is located on the outskirts of the city. Several recreational venues have a presence there (including the Quetta Club, several sports grounds and a shooting range), as do Command and Staff College, FG Federal College, Chiltan Market and Serena Hotel
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-3.4 million
125                                                    4-4.5 million
250                                                    7-10 million

2. Chaman Housing Scheme was established in 1979. It is located six miles from the city center. Home primarily to foreign dignitaries, it has modern houses and a good infrastructure. The International Committee of the Red Cross (ICRC) is located there.
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.4-6 million
250                                                    9-10 million

3. Emaan City is one of Quetta's newest developments. Located near the PAF base, this gated community has good infrastructure in addition to a commercial market, park and an independent water supply.


Plot Size (sq yds)                            Purchase Price (Rs)
120                                                    2.5-3 million
140                                                    2.5-3.2 million
240                                                    3-5 million
267                                                    3.5-5.5 million

4. Satellite Town was established in the 1970s. It is located near Munni Market, one of the Quetta's prominent markets and Sariab Road, a popular commercial hub. Educational institutions in Satellite Town include the University of Balochistan.

Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.5-6 million
250                                                    7.5-10 million

There are golden Rea Estate Investment opportunities in Quetta, and it is strongly recommended to invest in Quetta if one is looking for good IRR.