I am buying 5 kanal farm house which is a multi’s project on installments (MPCHS). Its around 40 mins drive from islamabad. I think it would be near b-17. Its in block-d which is still to develop but i visited the place and block-c is already being developed. What do you experts think from the investment point of view? It would be around 67 lakhs in total but on installments
Rabia, there is already an active thread “Islamabad Orchards” on this topic. Please go through it as your question has already been answered many times. In a nutshell, it is a long term investment, maybe 4 to 5 years before you expect any good return. Most of the buyers find it good for living, not for return. So if your objective is to sell in 2-3 years on profit, then, in this declining market, nothing can be said for sure.
Isloo1, is market declining is entire Islamabad or just this project?
Entire Pakistan. This is after new tax regime that the govt has brought for the real estate sector. See more details on these blogs.
http://www.zameen.com/blog/taxation
When these new taxes we're announced in June, the effects were devastating. Transactions declined by 70%. Investors are in a shock and market crash is almost certain. So if you are interested in buying, then it is good time. But make sure you have white money to do this.
Salaam whats my point of view is multis projects are good but think is u r looking to buy farm house not good for investment plots are for investment farm house plots of house ppl buy to live in not for investment so u have to see plot somwhere around there or any other good society what you think better or need more info sharing email thanks .
I would agree with the comments. Second thing I would like to point out, the speed of work by Multi over last year or so, is slow and if it continues to be so, the development of D Block could take even longer. I would suggest not to go for D Block if your purpose is investment.
Regards