I have 4 million budget, and i want to buy 1 kanal plot in the b-17. Can anyone tell me that is it a wise decision according to current market?
I want to construct house after 3 years, would it be good residentional area at that time.
And if i want to sale it after 3 year would it give me some return on investment.
Please advice
Dear rehan,
I think it would not be a bad investment either for 3 years or more. Similarly, if you want to construct a house there, i think after 3 years, this area would be in a good shape.
This is a risk free investment, so can go for it.
Thanks
In three years, there will be a very significant increase in prices due to the expected completion of margalla avenue and possible movement on motorway interchange. Also, the new airport (even though far from b-17) will push up prices in zone 2 generally.
Investment-wise, b-17 continues to remain a good buy for a 3-year span as it will likely experience a good value gain in that duration.
For building your house too, it is a good area because it is beautifully planned with a view of the margallas and it will be at a very convenient distance from islamabad - as soon as margalla avenue becomes operational.
For safe investment and good location, you can go for block c one kanal. C block is in islamabad capital territory. But if you can afford some risk (from time-factor point of view) you can go for e block but this block is outside islamabad territory.
However, if you want to be closer to the airport and kashmir highway of islamabad, then in your budget you can easily afford one kanal in e-17 cabinet society. In this choice (e-17) you will be able to save some money which you can invest in a small but potentially volatile investment like faisal town or small plot in pechs (when you want to build your house - you can liquidate the small investment and you will easily have enough money for constructing the upper storey and perhaps boundary wall. Right now e-17 is cheaper than b-17 block c, but it will cross b-17 block c because cabinet is very near f-15 where the price of one kanal is above 1 crore.
Thanks for your kind openions (@ihsa,@pk1)
Today i have finalized the 1 kanal plot in b-17 block c within my budget.
I like @pk1 idea to invest in parts, now i have almost 1 million amount. I have few options in mind where i can get plot file on installment. Can you suggest which area will be suitable
B-17 (e-block) E-16 roshan pakistan F-18 faisal town Gulberg islamabad (zone 5)
Can you please suggest and also if you have any other option in your knowledge.
Thanks
Dear Rehan Saab, Everyone seems to be excited at the prospect of b-17, however, it all lies on the margalla avenue. Just imagine the new gov pull the plug on the development their, then what will happen? Its a gamble but a gifted gamble worth taking. But if your willing to wait until its finished then go for it. For me its too far considering commuting to pindi everyday, it seems abit of waste of journey for me, hence i would prefer something like pechs, mumtaz city or even the new faisal town, however, other than pechs these are far from being fully complete with possession within the next 6 months.
As regards to you the areas you have highlighted, firstly cda have cancelled noc for roshan pakistan so that's a no go.
F-18 and gulberg seem decent but a little pricey. I would advise visiting these sectors first, but if i were you, i would go for f-18 considering its same people as b-17 but just closer to airport!
@rehan bhai, just out of interest how much is the price for your deal of one kanal in c block of b-17?
@abdul ali, yes noc of roshan is cancelled but e-17 cabinet remains a good choice close to main islamabad.
@abdul ali thanks for your nice suggestion. I think nothing is sure in current situation of country so i think we have to take some risks, however we can minimize the risk according to current situation. According to the people i talked b-17 have less rist and everyone is hoping for good in future.
If margalla road is completed in next few years then it will take less time to come to main islamabad (i.E f-10), may be distance remains same but i think time is also an important factor.
Currently the prices in gulberg are down (i dont know the reasons). Is there any return in next 3-5 years?
@ Rehan Saab, Gulberg pricing appear to be strange, check my other discussion regarding this as their is a whole NEW Topic regarding this issue. From what we gathered it was Star Marketing PVT Ltd that sourced a powerful marketing strategy, but due to misguidance on the advertisements people have started to sell quite cheaply as seems to be a long term investment not a short term as people made out to be. This would be a 7-10 year plan as development started really well but then slowed down and heard absolute nothing as to whats going on. Gulberg have their expressway from the highway.
Also what PK1 mentioned - CDECHS is something to consider since its fully developed, i have personally asked my sources back at home to do some research and let me know in the up coming days of that they think.