Shahkam Chowk Flyover construction was rumored from the last few months. The wait is over now. Finally, the construction of the Flyover is started. It is big news for the residents of New Lahore City and other nearby societies. This Flyover is a viable solution to all the traffic problems on Shahkam Chowk. Right now, the road surrounding construction zone for the bridge leading towards New Lahore City is closed for construction. However, residents can use alternative roads till the development work is complete. Development of Shahkam Chowk Flyover will surely benefit New Lahore City, Sukh Chain Gardens, Canal Gardens Lahore, Zaitoon City, Bahria Town Lahore and all housing societies falling after Shahkam Chowk. This blog will give you valuable information about the latest details of Shahkam Chowk Flyover and the fruits which it will bring on land prices.
A crisp Analysis about the project
This flyover at Shahkam Chowk is a major development, part of ‘New Lahore Development Package’, planned under the supervision of PM Imran Khan. Punjab government will completely finance this project which LDA (Lahore Development Authority) will be carrying out. This, 600 meters long flyover, will be two-sided and each side will have three lanes. The estimated cost of this project is PKR 2.877 billion. All developmental planning, including the 3D Model of this project, is complete and the ground-breaking ceremony has been done by chief minister of Punjab Mr. Sardar Usman Buzdar. The ground-breaking ceremony took place on Tuesday, August 24, 2021 however work on the project had started way before that. Government appears to be concerned about the timely construction and completion of this project in this regard they have given a completion timeline of 10 months. Assigned companies are working on constructing this flyover, and the relevant signboards have also been installed. However, three alternative routes are available for Canal Road, Defence Road, and Mohlanwal Road Lahore.
Benefits of Shahkam Chowk Flyover on land prices
The news of increase in property prices are circulating for a very long time. Shahkam Chowk Flyover Development will facilitate the residents of housing societies and investors. Prices of the property will start increasing with the ongoing development of this project. However, once the development work completes, the property prices especially in New Lahore City and Zaitoon City will double. Why New Lahore City and Zaitoon City are set to benefit the most is because currently they are a little undervalued considering the kind of timely delivery and the quality of development they are offering.
In short, if you invest today, you can realize huge investment gains with the progressing development of Shahkam Flyover. So, this is the right time to invest your money in the affordable plots of New Lahore City and Zaitoon City to make maximum out of them in the near future.