Chaklala Scheme 3: What makes it a safe investment?
An embodiment of Punjab’s culture and heritage – Rawalpindi is among the populous cities of Pakistan and has a bustling suburb called Chaklala Scheme 3. Chaklala Scheme 3 is one of the earliest residential and commercial areas of Rawalpindi.
The area resides beside Pakistan Armed Forces’ Chaklala Garrison, approximately fifteen minutes drive from Saddar and approximately thirty minutes drive from Islamabad.
Chaklala Scheme 3 is known as Chaklala Heights, Federal Government Employees Housing Society (FGEHS), offering certain policies and discounts for employees working under the federal government.
Chaklala Scheme 3 is the ideal place to plan your next investment. Within the vicinity, there are three housing societies (Chaklala Scheme 1, 2, and 3).
However, Chaklala Scheme 3 is built to modern standards and includes a luxurious living experience for its residents. The area comes under the jurisdiction of the Rawalpindi Development Authority (RDA).
Graana.com, Pakistan’s smartest property portal, has compiled payment plans and investment opportunities in Chaklala Scheme 3, Rawalpindi.
Why Should you Invest in Chaklala Scheme 3, Rawalpindi?
The society has attracted the attention of investors as one of the best places to invest with lucrative returns. When looking at the map of Chaklala Scheme 3, you can notice a comprehensive road network that connects the housing community to all other major housing societies in the area.
The commercial market and the automobile market are both located in Chaklala Scheme 3, offering the residents nearly every amenity.
With all amenities accessible throughout the day and a busy commercial area that caters every need, Chaklala Scheme 3 makes for a convenient and posh living area.
Future Scope of Real Estate
Real estate is the most fruitful investment that generates revenues in bulk. Major areas in scheme 3 are reserved for apartments.
This is a chance for vertical growth and vertical investment. Apartments can be rented monthly, daily, or annually. They can be sold on a lease or bought at one down payment; either way, they are a great investment.
The increasing pricing and changing policies are favoring the Real Estate market of Pakistan. Investors can invest in these commercial hubs, residential plots, residential flats, and vacant areas for future development.
Type of Properties in Chaklala Scheme 3, Rawalpindi
Residential and commercial property plots, along with houses for sale and houses for rent, and apartments for sale of various sizes, are available in Chaklala Scheme 3. It offers residents a modern lifestyle at very reasonable prices. It is one of the city’s most populated and developed areas.
The sector’s standard house sizes are 5 Marlas, 8 Marlas, 10 Marlas, and 1 Kanal. There are single-story houses, multi-story houses, furnished and unfurnished apartments for sale, and double-story homes, as well as ample parking and beautiful lawns.
The houses provide a comfortable lifestyle because they are designed and developed to meet the needs of the residents.
Price Trends of property in Chaklala Scheme 3, Rawalpindi
Because of its proximity to most amenities, Chaklala Scheme 3 has some of the most sought-after properties. There are a large number of houses for sale and rent, as well as apartments.
With the area’s population growing, developers are building more units to accommodate more people.
On the other hand, furnished and unfurnished houses for rent in Chaklala Scheme 3 are available at affordable prices. With the area’s population growing, developers are building more houses to accommodate more people.
Prices in this neighbourhood vary depending on the type of house, amenities, location, and size of the area. Buyers may be able to negotiate the price in many cases because they are usually a little flexible.
We’ve compiled a list of rental and sale price trends for houses and apartments in the area.
House for Sale in Chaklala Scheme 3 Price Trends
|Size of House||House for Sale Chaklala Scheme 3|
|10 Marlas||PKR 2.5 Crore to 3.5 Crore|
PKR 5 Crore to 6 Crore
PKR 6 to 7 crore (New Build)
House for Rent in Chaklala Scheme 3 Price Trends
|Size of House||House for Rent in Chaklala Scheme 3|
|10 Marla -6 Bed||PKR 90 Thousand to 110 thousand|
|1 Kanal 6-8 Bed||PKR 130 Thousand to 180 Thousand|
|Size of House||House for Rent in Chaklala Scheme 3|
|10 Marla 2-3 Bed||PKR 55 thousand to 60 thousand|
|1 Kanal 3-4 Bed||PKR 70 thousand to 85 thousand|
Payment Plan of properties in Chaklala Scheme 3, Rawalpindi
As per the payment schedules stated by the government for Chaklala Scheme 3 in 2020, the installments can be paid in the following sequence,
|Property Type||CAT A||CAT B||CAT C||CAT D|
|Price of Apartments||9,968,400||8,283,600||4,960,800||3,884,400|
|Down payment within 30 days after issuance of Provisional Offer Letter POL||13%||1,295,892||1,076,868||644,904||504,972|
|1st Installment||6 months of issuance of POL||10 %||996,840||828,360||496,080||388,440|
|2nd Installment||9 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|3rd Installment||12 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|4th Installment||15 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|5th Installment||18 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|6th Installment||21 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|7th Installment||24 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|8th Installment||27 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|9th Installment||30 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|10th Installment||33 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|11th Installment||36 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|12th Installment||39 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|13th Installment||42 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|14th Installment||45 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
|15th Installment||48 months of issuance of POL||5 %||498,420||414,180||248,040||194,220|
After 100,000 payment is done
|51 months of issuance of POL||7 %||597,778||479,852||247,256||172,908|
Amenities in Chaklala Scheme 3
To meet its residents’ daily needs, Chaklala Scheme 3 provides first-class amenities and facilities. The commercial markets are located a short distance from the residential areas. Chaklala Scheme 3 has BISP Divisional Office and Nadra Office.
The area provides a good security system, which attracts many people to live here. These facilities create a safe and healthy living environment.
Furthermore, amenities available in the area are listed below.
- Utility stores
- Shopping malls, food marts
- Banks, fitness and sports centers
- Vegetable markets
- Beauty Salons
- 24/7 Electricity, Gas, Water
- Underground sewage system
- Pharmaceutical stores
- Medical centers
- Top Notch Educational Institutions
The restaurants in this area serve Traditional, Western, and Chinese cuisine, allowing residents to enjoy a variety of cuisines. People from all over the city come to these restaurants to enjoy the delightful cuisine.
More and more fast food franchises are opening in the area as a result of the growing population. Food lovers can find the most notable eateries like,
- OPTP- Chaklala Scheme 3 branch
- Tehzeeb Bakers
- KFC- Chakala Scheme
- Kins Crunchy
- Hot N Spicy
- Pizza Hut
- Italian Pizza
Aside from well-built houses, the area is home to a diverse range of educational institutions. Although there is no university in the area, there are many well-known institutions nearby.
Educational institutions existing in this area are mentioned below,
- The State School
- Discovery school
- Roots Montessori School
- The Paragon School and College
- Grammar School
- Silver Oaks
- International Islamic University School
- The Paragon School & College
- Grammar School Rawalpindi
- The Educators (Chaklala campus)
- Global school system scheme 3
- UCAT university College Of Advance Technology
If you are looking for residential or commercial properties in Rawalpindi, you can visit Graana.com, Pakistan’s first online real estate marketplace.
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