Situated at the foothills of Margalla, the picturesque green city of Islamabad has always been a top choice for real estate investors in Pakistan. Depending on your budget, there are quite a few housing societies in the federal capital that are drawing attention for their lucrative investment opportunities. However, if you are looking for low-cost real estate investment options, you can find 5 marla plots for sale in Islamabad between PKR 28 and 38 lakh.
Here’s an analysis of the top areas to buy 5 marla plots in Islamabad under PKR 3.8 million that might help you out.
Best Areas with 5 Marla Plots for Sale in Islamabad between PKR 28 to 38 Lakh
Here are the most popular areas with 5 marla plots for sale in Islamabad between the average prices of PKR 2.8 and 3.8 million, according to the user behaviour observed on Zameen.com during the first six months of 2019.
As depicted in the infographic above, sectors I-15 and B-17 along with Park View City appeared to be the top residential areas to buy 5 marla plots in Islamabad with the budget of PKR 28 and 38 lakh.
The remaining housing societies with 5 marla plots for sale in Islamabad under the given budget included H-13, Mumtaz City, Airport Enclave, Gandhara City, D-17, Chatha Bakhtawar and PAEC Employees Cooperative Housing Society.
Here’s a brief overview of the top three areas in terms of the real estate market in Islamabad.
Sector I-15 topped the list of most sought-after areas with 5 marla plots for sale in Islamabad between the price range of PKR 28 to 38 lakh. Situated between Sector I-14 and Sector I-16 on the outskirts of the city, this sector was launched in 2005 for low-income residents. It is currently being developed by the Capital Development Authority (CDA).
On average, you can buy a 5 marla residential plot in I-15 Islamabad for PKR 31.9 lakh, as per the data compiled in August 2019.
According to the master plan of the housing scheme released by CDA, each block in the sector will house green spaces, mosques, playgrounds, market areas and schools among other facilities. A girls’ college and a sports complex will also be constructed in the neighbourhood along with a central commercial area i.e. I-15 Markaz. Once completed, it will take the residents of the area about 33 minutes to reach Islamabad International Airport via Kashmir Highway.
Sector I-15 has been further divided into four blocks. The starting price of 5 marla residential plots in I-15/1 is PKR 29 lakh, whereas you can find 5 marla residential plots for sale in I-15/2, for as low as PKR 30 lakh. The price of 5 marla plots in I-15/3 starts from PKR 31 lakh, while you can purchase a 5 marla plot in I-15/4 for the starting price of PKR 33.5 lakh.
Sector B-17 Islamabad, which is also known as Multi Gardens, is considered another top area with 5 marla plots for sale in Islamabad under PKR 28 and 38 lakh. Owing to its prime location and proximity to GT Road and M-1 Motorway, this sector also ranks as one of the most searched areas to buy property in Islamabad. It is being developed by Multi-Professional Cooperative Housing Society (MPCHS) and is located in Zone II of the federal capital.
The average price of 5 marla plots in Sector B-17 is PKR 28.43 lakh. Based on its area size, it is also considered the largest sector in Islamabad.
MCPHS has divided the project into two phases, namely Multi Gardens Phase 1 and Multi Gardens Phase 2, which have been sub-divided into a total of seven blocks. If you’re looking to buy 5 marla plots under PKR 38 lakh, you may want to look into Block F and Block C-1 of this housing scheme.
The starting price of 5 marla residential plots in MPCHS Block F is PKR 28 lakh. This block is currently being developed and properties here are available on instant possession. Meanwhile, you can also buy 5 marla plots in MPCHS Block C-1 for the starting price of PKR 33 lakh.
The residents of Sector B-17 enjoy easy access to public transport. Taxila Bypass Bus Stop on Peshawar Road is also located at a short distance from the neighbourhood. Furthermore, a number of grocery stores and supermarkets are situated in the sector, including Crescent Cash & Carry, Family Mart, Chaudhary Super Store and Multi Mart, to name a few. Given it’s a developing sector, some shopping centres are also under construction.
Campuses of reputable schools are also located in the area. Moreover, residents also have access to the nearby Heavy Industries Taxila Education City (HITEC) and the University of Wah. There are also quite a few banks, mosques, eateries and sports facilities located in and nearby Sector B-17 Islamabad. All blocks also have their own parks and green spaces.
Park View City
If you’re looking to buy residential plots in Islamabad between PKR 2.8 to 3.8 million, Park View City also appears to be a popular option. Located near Bahria Enclave on Malot Road, this housing society is approved by the CDA and is currently under construction. The upscale gated community promises luxury living, modern infrastructure and availability of latest facilities in the heart of Islamabad. The lush green posh neighbourhood of Bani Gala Islamabad is also situated in the vicinity of this project.
As per the data collected in August 2019, the average price of 5 marla plots in Park View City is PKR 32.73 lakh.
The master plan for Park View City, which is being developed on a hilly area, includes 5 marla, 10 marla and 1 kanal residential plots. It also promises a safe and secure environment along with state-of-the-art facilities, such as schools, community centres, hospitals, parks, mosques, cinema, food streets, shopping malls, restaurants, a sports complex, a zoo and fitness centres to name a few.
The society also plans to build a 2-kilometre patch of road to connect Park View City to Kurri Road, which will make public transport readily accessible to the residents. Furthermore, if you are looking for 5 marla plots for sale in Islamabad on instalments, Park View City offers a three-quarter payment plan.
As for the other top areas on the list, you can buy 5 marla plots in Sector H-13 for the average price of PKR 37.17 lakh. The average price of 5 marla plots for sale in Airport Enclave is relatively lower at PKR 29.61 lakh.
If you’re interested in buying real estate in Islamabad, make sure to take a look at our H1 2019 Property Market Report for the Twin Cities to see which areas you should consider investing in.
Moreover, you can also check out the top areas with 5 marla houses for sale in Islamabad under PKR 1.1 crore.
For more information about where to buy property in Islamabad, stay tuned to Zameen Blog, the top real estate blog in Pakistan. You can also share your suggestions and queries with us at firstname.lastname@example.org.