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According to my opinion prices will rise quickly in B-17 than E-16 or F-16. Location of F-16 may be best of the rest. For short term investment B-17 is best. When development will start in F-16 then there will be much time to purchase plot in F-16. From waiting and trucking money in bank it is best to invest in B-17 and if the prices will rise in F-16 more prices will rise in B-17.
1st of all i will congratulate you for buying a good plot in reasonable price. :)
Rizi bhai I am a little bit confused about date you mentioned according to my info society was launched in 1989 or 1991 and they get NOC from CDA in 1993. The CDA has already granted the Society permission for scheme development wide its No. CDA/PLW-UP (90) Cab. Div. /ECHS/93/3773 dated 23 December 1993.
My personal opinion is that you will get a benefit of investment here inshAllah as in same price plots are available in B-17 E block of F-16 but both are without possession.
Whenever some good people will be elect in society election and will do some development work quickly there like gas and electricity prices will definitely increase there plus Margalla Avenue and new air port will also be a positive point for zone 2.
You yourself are a very informed person so am sure you'll pick up the right choice. :)
Although your question is about E16 and B17 but I want to digress to zone 1 today.
It seems your purpose is investment and for that sake, believe me nothing is better than zone 1, CDA sectors.
G14/3 and G14/2 encroachment free areas are a prime time option these days, Allah knows the ultimate future but on analytical basis this has to be your choice.
In zone 2, there is a mushroom growth of societies and they will never stop coming so don't think you'll miss out some golden chances.
Short term lucky flooks can happen sometimes but u can't base your decisions on that.
Please keep in mind, no matter where in the world u are, DISTANCE and Location matters more than anything else. So even if the Margalla Avenue is built in next 5-7 yrs, your car will still need petrol to travel the distance. :)
The price increase has been pervasive in Islamabad with a speculation of government change and elections. Soon after the elections, if the same govt and allies come in power, all property prices will go down.
On the other hand, If, as speculated, a good govt with stronger majority comes in then of course you'll reap the fruits.
As a personal advice, don't take the bait of private societies, no matter which one is that, its very short lived.
Thank you very much dear Shah sahib and MBS for your kind suggestions and guidance. Dear I am not informed person. My thinking is based on the information and advices given by you time to time. That is why I have some information.
Sorry I was wrong. In society web site there is Affiliates tab in which CDA and Habib Rafiq (Pvt) Ltd sites addresses are given. Under CDA there was history of CDA and its establishment date June 14, 1960. i misunderstood and quoted that. So very sorry for mistake.
On society site there is no starting date of this society. This sentence is valid on society site, "The CDA has already granted the Society permission for scheme development vide its No. CDA/PLW-UP (90) Cab. Div. /ECHS/93/3773 dated 23 December 1993". This means that it started before 1993. It may be 5 years or more.
Going back to Rizi's question "So what is the wise decision to invest 2 to 2.5 million in which society where the price of plot will rise rapidly".
Now please tell us if in any regular sector of Islamabad there is plot of any size available in this amount of Rs. 2-2.5 million only. Forget the regulars sectors, in this amount a plot of any measurement is out of question even in model villages like Rawal Town, Margalla Town or Shahzad Town.
So what options we are left with just few societies in zone 5 and zone 2 with plot size available from 25x50 to 50X90. Though it will take little more time when the zone2 takes off but one thing i am sure about that situation will only improve. Zone2 though less developed compared to zone 5 but distance and location wise its same if not better. E-16 is just hardly 10 minutes drive from G-13 and if we talk about G-15 its just 5 minutes only.
In E-16 much of the development work has been completed with construction already started on few plots. Many people have already applied for possession as provision of gas and electricity are promised shortly.
I don't know much about other societies in zone 2 but -G-15, F-15, E-16/E-17, B-17/F17, D-17 are good options for investment but precautions should be taken while buying plots.
Though i know these societies can never compete with CDA regular sectors but what one should do if he can not afford to buy a plot in those sectors. So the obvious choice will be private or cooperative societies and zone 2 societies are still cheaper if compared with zone 5 societies.
Yeah there is one choice the new I sectors but again distance and location. In E-12 with no development in the offing one can buy a plot of 25x50 and wait for 10 years. Satellite Town Rawalpindi out of question.
Islamabad Highway? distance and location wise good but what about slum neighborhood:(. No choice but cooperative societies :)
Less money=distance and compromised location
Anyways please keep up the good work. We always learn new and good things from your knowledge and experience based informative posts.
You've very well covered the highlights of each zone and I completely agree with u on that note.
However as Rizi has asked an open ended question where only parameters of budget ( 2 - 2.5 Mil) and quick return are mentioned; I'd take the liberty to ignore the plot size, posession status, management, location and lifestyle and will just base my recommendation as to where can u get quick return on investment. In fact u can buy a small plot in zone 1
Like a good 25x40 (4.44 marla) plot in G14/3 and G14/2
30x60 (8 marla) plot in G14/1
Prices in G14/3 and G14/2 will rise more and sooner than G14/1
But of course, if your preference is a bigger plot or immediate or near future posession, or living in 1-3 yrs, then u can go for G15, B17 or E16
Sorry am insisting on my suggestion :) but based on my very limited knowledge and observation, for investment purpose it does not matter what is the size of the plot, what matter is the ROI.
And by the way, you must have observed that smaller plots are quick cash and they go easy on sale/rental compared to bigger plots. (Investors love quick cash)
Buying for self living is totally different and for that Zone 2 is definitely a good choice in this budget.
We all seek reliable and quick return options but no matter where and what we buy, should try our best to get something with posession or near to completion plot. We'll have less profit margin but a peace of mind worth double our investment :)
Sorry I tend to be old school when it comes to uncertain market of real estate in pakistan. :))
1. What is the future of E-16 as compared to other societies of zone-2 for investment purpose like B-17 D & E blocks where the prices are same compared to E-16.
2. What is the wise decision to invest 2 to 2.5 million in which society where the price of plot will rise rapidly.
Answer of 2nd question is very satisfactory given but answer of 1st question is little bit ignored. As i think from reading all the answers.
Now my 3rd question for all especially Nadeem as you said above "I don't know much about other societies in zone 2 but -G-15, F-15, E-16/E-17, B-17/F17, D-17 are good options for investment but precautions should be taken while buying plots."
What precautions should be taken while buying plots in these societies like E-16 etc please??