Punjab Government released the plan for the construction of Rawalpindi Ring Road Project on the 6th of October, 2020, alongside a budget of 6.5 billion rupees released by the federal government. According to the Rawalpindi Ring Road map, 10 new residential and commercial zones are to be established along its route, including: a state-of-the-art Dry Port, an innovative Hospital equipped with all the latest resources, a futuristic International Expo Center, multiple modern Public Transport Terminals, an Amusement Park for public recreational purposes, extensive fruit & vegetable bazaars, and well-organized livestock market.
Chairman Rawalpindi Development Authority, Tariq Murtaza, revealed that the Rawalpindi Ring Road is proposed to be around 65 kilometers long, with 6 lanes on each side, apart from service roads. He also shared that 8 interchange points will be present, 4 of which will have residential zones beside them. The road, as stated by the Chairman, is intended to be a signal-free corridor lined with 150,000 saplings that will be planted by the RDA.
As per Rawalpindi Ring Road latest updates, Prime Minister Imran Khan and Chief Minister Usman Buzdar plan on laying the foundation of this grand project in December of this year.
For real estate, this project is going to open countless doors in both residential and commercial sectors, offering a wide range of lucrative investment options. Being a governmental project, it is certain to not face any legal hurdles and therefore be completed timely, making it a secure option to invest in. With the revolutionary Ring Road linking to all its surrounding real estate, the project is going to render high profits due to its infrastructural value. It would be a smart choice to instantly grab the opportunities as soon as they are going to be highly sought after and thereby expected to be taken up as soon as they arrive in the market.