The vibes received from the property sector of Islamabad are rather encouraging. Buzz is being heard for private projects, cooperative housing societies, and even more so for the Capital Development Authority (CDA) sectors, especially those awaiting related developments since the last few decades. How soon should you be able to see all of this ‘increase in demand for plots and files materialising into actual transactions? This article will unearth this for you!
How is it in Zone II?
For this purpose, we spoke to Sheraz Manzoor of Pak Associates and Muhammad Sarosh of Multiplyrz (Group). They both have confirmed that the number of inquiries made for checking out market activity has increased. While most of these potential clients are testing the waters before they can pour their money in the property sector, a lot is being done at the back end for preparing grounds for the expected robust market activity Islamabad is looking to take on. More light will be shed on this later.
Potential clients are mostly asking about which projects will be the best for investment made under the current setup considering the changes expected in the next few months. With property agents in Zone II already use to seeing robust trade volume in the developments surrounding the Islamabad International Airport, it appears that the times ahead will surpass the demand and activity registered in the past.
What about Zone IV?
According to Brig. (R) Waqar Raja of Property Investment Point, the humming about investing in real estate projects in Zone IV has surely started. The positivity and hopeful sentiment investors have developed rests on the back of strong expectations that major changes will be made in the system bringing about fruitful results for the overall economy, believes Raja.
Due to the presence of many important housing projects including Defence Housing Authority, Bahria Enclave, and Park View City, and the fact that the Signal-Free Corridor or the Islamabad Expressway is also completed by half, many projects here are in perfect shape to offer handsome ROI under the widely expressed positive sentiments in the market.
Raja expects to see all of this materialising in the next couple of weeks.
Any hope for Zone I?
Yes, in fact, the time may be here for interested parties in various CDA sectors to see major developments. It is much expected that the encroachments hampering development work in some CDA sectors will be removed. Issues related to lack of funds to carry out development work will also be fixed in the near future.
If the promises are kept and the mode of operations change for good in major departments, especially those that concern real estate, the CDA sectors could once again become the most prime areas for genuine buyers and investors alike. We might have to wait a little longer to see that happening, but the time is close!
Early birds are out and about
We have received reports from our trusted sources that bulk buying has begun in the capital. These are essentially the bigshot investors who put their money at stake only when they develop a complete understanding of how the market will unfold. Their contacts, their timings, and the fact that their ties with the developers and fellow investors form the whole investment chain, their intuition is rarely wrong.
While speaking to one of them, we have learnt that a lot is about to happen with property transaction volume in Mumtaz City, TopCity-1 and Capital Smart City. Those busy in Islamabad Zone II find DHA Phase V and Park View City to be favourites when it comes to offering handsome returns on investment.
If you have some other projects in mind that you think investors might be interested in, you can let us know by posting your comments below. We are also available to address any query that you might have.