Chakri Road emerged as a sought-after and investment-friendly real estate destination in Rawalpindi City. It is strategically located in the heart of the city, close to the M-2 Lahore Islamabad Motorway, Islamabad International Airport, and Rawalpindi Ring Road. Therefore, the Chakri area gained notable attention from developers, investors, and homebuilders over the past five years.
From an overlooked rural area, Chakri Road has now evolved into a residential and commercial hub, with a population increasing in its surroundings. Furthermore, modern housing projects, such as Park Zameen Town, further elevated the overall appeal of this area. With Rawalpindi’s population expanding rapidly, Chakri Road and its surroundings are transforming into urban hubs, making it a highly appreciable real estate hub of the city.
With added connectivity to twin cities via Rawalpindi Ring Road, this area is destined to transform into a leading property center. However, Chakri Road and its surrounding areas have seen highs and lows, similar to different cities of Pakistan, in the past half-decade, shaped by economic conditions, market shifts, and political conditions.
The objective of this 5-Year Price Trend Analysis
This blog will give you abundant information about the five-year real estate price trend from 2020 to 2025. We will dive deep into each market phase in detail, from explosive growth in 2020, getting steady in 2022, an infrastructure-led hike in 2024, and the current trend in 2025. Whether you are an investor, a homebuilder, or a real estate agent, this article will give you plenty of useful information.
Price Trends Overview
The Boom Period (2020-2021)
Launch of Major Housing Societies
The year 2020 was a turning point for Chakri Road, in terms of real estate. During this time, this area witnessed rapid growth, with a wave of housing societies, one after the other. Housing projects, such as Park Zameen Town, Capital Smart City, and Blue World City came with a vision to offer international standard living in Rawalpindi. These developers offered futuristic living environments at affordable prices, offering residential, commercial, and high-rise properties.
With affordable prices and convenient installment plans, thousands of buyers and investors jumped in, bringing huge cash flow. As a result, the property sector of Chakri Road boomed, the properties started to appreciate, and the real estate industry flourished significantly, after a long time.
Rapid Appreciation of Plot Files
From early 2020 to mid-2021, the plot files of numerous projects almost doubled in many housing schemes. For example, 5 Marla plot files of major projects appreciated from 40% to 60% in just 12 to 18 months. However, this was a temporary appreciation, fueled by large investments by local and overseas investors. As a result, the market created a bubble that was bound to burst.
Outcome: It was a high-growth period but volatile, temporary appreciation due to large-scale investments.
Market Stabilization Phase (2022-2023)
The year 2022 marked the stabilization of real estate on Chakri Road, when the temporary boom began to reverse, and prices started to get back to normal. During this phase, the government also got active and directed the authorities to control this sector. As a result, a crackdown began on illegal housing projects, and only the reputed and authentic projects like Park Zameen Town managed to stay and grow. Numerous housing projects were tagged illegal, and their activities were stopped.
This resulted in a panic among small and large-scale file owners. The prices of files began to drop significantly, as everyone rushed towards selling; this caused a drastic drop in file prices of up to 50%. Investors who entered without any research, risk calculation, and proper planning were hurt the most.
Impact of Macroeconomic Conditions
At the same time, Pakistan’s economy also faces a tough time, with lots of ups and downs. The interest rates were raised by 20% by the government, to control inflation. Furthermore, the depreciation of PKR due to IMF negotiations shook the market further. This step, affected the real estate sector of Chakri Road greatly, when cash flow went from real estate into safer options such as saving accounts and stocks, etc.
Despite the surge in interest rates and high inflation, housing societies that were genuine and developing held their ground. Unlike many fake and non-planned projects, authentic ones continued to attract end-users and long-term investments for stability.
Outcome: Rehabilitation phase, the temporary boom ended, with a drop in file prices. However, authentic project managed to survive and thrive.
Rebound and Recovery Phase (2024)
Infrastructure Catalysts (Rawalpindi Ring Road)
In 2024, Chakri Road, yet again began to capture the attention of investors and homebuilders, thanks to large-scale infrastructural development. The long-awaited Rawalpindi Ring Road project finally entered the fast-tracked construction phase. Especially, with the development of a dedicated R Chakri Interchange, establishing a direct link between Chakri Road, G.T Road, Adyala Road, Chakbeli Road, Motorway, and Islamabad.
This development again shifted the market narrative. Housing projects close to Rawalpindi Ring Road, such as Park Zameen, just a 2 2-minute’ drive from it, gained popularity. There is a known fact, that connectivity equals convenience, and in real estate, connectivity means higher value.
Demand Shift towards Possession-Ready Plots
Unlike the temporary and investor-based boom, 2024 witnessed mature buyer behavior. Buyers now prefer possession-ready plots with on-ground existence and ready-to-construct plots, where they can start immediate construction.
Park Zameen Town, unlike other developments, shifted its development strategy and worked on getting plots ready for possession. In addition, the demand for farmhouse plots and houses also gained popularity amongst the upper-middle and elite classes.
Outcome: Stable growth tied to infrastructure improvements, prices remained stable, and no major hike or drop happened.
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Current Market Snapshot (2025)
In the first half of 2025, the residential properties on Chakri Road showed clear signs of recovery and stabilization, however, buying remained low. According to the latest data-driven from various reliable sources. The appreciation of residential plots increased up to 13%, as compared to 2023.
The interesting fact is, that the market is now slightly shifting towards possession-ready plots instead of file assets. Upon studying the market, you will find out, that the projects paying attention to plot cutting as we are doing, are being actively traded. While others, who still rely on file assets remain stagnant.
Outcome: The prices of residential plots on Chakri Road remain consistent, with no major highs and lows.
Conclusion
Over the past five years, Chakri Road has transformed from a rural and ignored area into a maturing real estate hub through infrastructure, connectivity, and affordability. The early 2020s saw hype-fueled growth, but by 2022, the market was restored due to economic instability and unchecked development. However, the revival began in 2024, powered by tangible progress on projects like the Rawalpindi Ring Road and a shift toward possession-ready investments. In 2025, Chakri Road stands stronger, no longer just a dream on paper but a practical choice for real estate buyers and investors.
