Multi Professional Co-operative Housing Society (MPCHS) is one of the hottest projects in Islamabad, and home to some of the most sought out properties in the city. This society’s Sector B-17 presents opportunities for all investors and genuine buyers to make the most of the real estate growth in this city.
News of rapid activity in this sector has caught the attention of many people, and it is interesting to note that this locality has emerged as one of the safest avenues for investment in Islamabad. The place has garnered a lot of attention of both genuine buyers and investors. This is probably why this locality has remained active, even when the real estate market experienced some cold months.
We talked to real estate experts of B-17 to talk about the emerging trends and the ‘trading spree’ that the sector is experiencing, and they highlighted the key variables because of which activity here has remained rampant.
This is the most important feature all genuine buyers look for when deciding where to buy a house. For investors, this is also important as it helps them to estimate what returns they will receive and in what time period.
B-17 is located between the interchanges of Islamabad-Lahore Motorway and GT Road. Apart from this, it is on Margalla Road, which is a pertinent part of the extensive road network surrounding New Islamabad International Airport. Chaudhry Aqeel Abbas from 786 Multi Estate also believes that the location of this place attracts a lot of people, because of which they are eager to invest here.
Habib Ullah from Eagle Eye Estate is of the view that the most attractive variable of B-17 is its rapid development. He added that the authorities have been adamant to ensure an excellence-driven development, that too in the shortest period of time. He is of the view that most people evaluate a housing society on the basis of its visible development, and so when they come to B-17, this is what they find. From main roads, to a park, zoo and a community centre, the society is doing its best to provide the best facilities to its residents.
Systems for the supply of water, electricity and gas have already been laid down and as soon as people will start inhabiting the society, they will be provided with all such amenities, Habib Ullah added. Chaudhry Aqeel Abbas also shared in Habib Ullah’s views that the scope of development in this area is extremely rapid, attractive genuine buyers in droves.
As the demand for property here has increased, so have the prices. This was pointed out by Chaudhry Aqeel Abbas and Sheraz Mansoor (from Pak Associates). Both have observed that the prices have doubled here in the last couple of months.
Sheraz Mansoor added that it was firstly the genuine buyers who drove up the demand and then the prices for plots here. This then translated into price hikes with regular trading, and made it profitable for an investment venture. The speed with which activity is being carried out here, signals of an active market and highlights that venturing here is an on-going and growing activity. Sheraz Mansoor has also added that within one year, prices here would peak, indicating that now is the prime time to start investing here.
All three experts then highlighted that Sector F remains the most actively traded block, even when possession isn’t available here. It is because of the scope of development here, locational benefits and price competitiveness, that people are driven to invest here. Commenting on possession, Habib Ullah added that it is available till Sector D, and will soon be in all other sectors as well.
When asked about the ideal plot size for investment or buying here, Chaudhry Aqeel and Sheraz Mansoor identified the 5-marla and 7-marla plot options respectively. Both believe that these are the most appropriately sized plots for anyone who wants to build a house as well. For commercial use, Sheraz Mansoor identified 40×50 and 40×60 plots as the most ideal. For both of these, our experts believe that the most yield per square can be gained, which allows both buyers and investors to make a profit.
While commenting on the future prospects of this locale with the launch of New Islamabad International Airport, Sheraz Mansoor said that the place will not see an unprecedented appreciation in prices, as soon as the project is launched. He added that the housing societies near to the airport will see an immediate appreciation, and only after the prices for these have peaked will a significant change observed in B-17.
These were the opinions of the real estate experts of B-17. If you have any queries or feedback, please comment below. For a more engaging conversation, head on to our Forum!