Interest in Multi Professional Co-operative Housing Society (MPCHS) Multi Gardens, Sector B-17 has seen another peak of great interest after Block G was launched just recently. MPCHS B-17 has also maintained its presence in the Top 5 list of Zameen Search Trends in Islamabad. Another indication for this is the speed at which the new plots in Block G were booked. All of the small plot cuttings are booked and are now available in the secondary market.
Considering these and other factors, like fantastic development, decent pace of development, consistently rising prices, and healthy interest of the genuine buyers in the housing scheme, MPCHS Multi Gardens B-17 is an option worth considering for investment. As the situation stands, according to Waqas Haider of Currentage Assoicates, the best options for investment in MPCHS B-17 are the latest of its two blocks: Block F and Block G.
Investment in Block F of MPCHS B-17
According to several of the experts interviewed, the best option for investment in the housing scheme is Block F. Waqas explained that while where you invest may depend on your budget, if you have a budget of around PKR 2.5 million, you can invest there and expect fantastic profits in short term or – if you want to hold onto it – make it long-term as well.
These are several reasons why Block F can be considered. Waqas explained that the most attractive feature of Block F is its on-ground development. He said this is something that, naturally, soothes investors and buyers and fetches good prices for you and causes significant price appreciation. Currently, it is Block F that is under focus. It is also expected that possession will soon be granted – Waqas mentioned the possibility that possession may be granted in a month.
Finally, Block F, along with Block G, are going to be located the nearest to the proposed Motorway Interchange. The interchange plan is, however, still in the early stages, so you should not bank on it in the short to medium term.
Investment in Block G of MPCHS B-17
As already mentioned, Block G was unexpectedly launched just a few days before Eid and, by now, all the plots in the smaller cuttings, at least, have been booked. They are now in the secondary market and are being sold for an additional asking premium of between PKR 30,000 to PKR 50,000. The prices of the plots in Block G are as follows:
|Plot Size||5 marla||8 marla||10 marla||14 marla||1 kanal|
There isn’t much potential for short-term investment, according to the experts interviewed. However, Khabab Ahmed of Awan Associates felt that considering how fast the asking premium has appeared on the Block G plots, it is going to rise high. On the other hand, according to Waqas and Syed Ali Raza of Ole Estate & Marketing, the simple fact that its balloting is going to take place in October and that’s when the development will begin, signals that the returns will take at least longer than that. In any case, they were of the opinion that anyone investing in G Block will have to keep at least the medium term in mind.
Block G investment, however, is great for people with smaller budgets. You can get a plot for as low as PKR 800,000 (5 marla plot, with 685,000 down payment) and pay the rest in easy instalments spanning four years.
Are you looking to invest in MPCHS Multi Gardens B-17? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for a detailed conversation.