I have visited the area. My assessment, my not be mature, is that this is another dealers’ game, to gain maximum profit from public. If u are cleaver, only invest in Islamabad proper sectors, DHA and Bahria. Other than those 3, dont waste ur money.
Do you guys think that Blue World City (BWC) will apply for a NOC now that it has pledged to construct 5,000 houses for NPHP and donated PKR 20 million to PM’s corona fund? I think that chances are good now since Imran Khan paid a personal visit to the Governor’s House to collect the donation. What are your thoughts?
As far as donation, any Govt. Rep will visit anywhere to collect, it helps their cause and doesn't cost much! In past it was accepted from Tobacco companies which as per Govt. Policy is 'Tobaco Kills'
This is new strategy. Round 1 was Chinese, Round 2 some Armed Forces Officials, Round 3 is socialisation with Govt. Rep and highlight Naya Pak.
I hope it will materilaise but I am passemestice and my reasons:
- It's not just NOC. They can get NOC for lets say 2000 or whatever Kanal. They can get it. Real problem as of now on ground is they have sold way more than land they have at hand. So Ok, NOC for 2000 or wherever Kanal is obtained what about rest that has been sold without acquiring land...?
This where regulations in our system mess it up! Only that much files must be allowed as much land in hand. Buy more land and issue more files simple as that. For each project number of files issued and land possesed must be online and if discrepancy, take formal action!
CSC has launched a new block with 3.5 Marla @ 15.5 lac... It may take atleast 3+ years but same range as 5 Marla of BWC and much better than BWC.
By the way BWC also launched 3 Marla @ around 9 lac (not recommend though). Seems like due to prevailing situation and economic compression new benchmarks of lowest standard unit shifting from 5 to 3 odd Marla...
Let's see where that leads us where you will end up buying a 3 Marla for 15+ & crap like Yaris (even most downgraded specifications sold on entire planet) @ 25+ lac...
No doubt CSCI going much better and there is no comparison among both. BWC still need to deliver some thing concrete rather than big promises. On the other hand CSCI had done their first balloting and pace of development is also satisfactory.
Imtiaz Bhai, CSCI 3.5 marla new booking is not available in their website. Can you please share the link for details.
Khalid sb, here it is...
Capital Smart City Launches Low Cost Plots & Apartments In Harmony Park Block
https://manahilestate.com/capital-smart-city-launches-low-cost-plots-apartments-in-harmony-park-block
- 3.5 Marla Residential Plots
- Total Price: 1550000
- Booking: 155000
- Confirmation: 155000
- Monthly Installment: 14000 per month
Thank you Imtiaz and Khalid sb... For your detailed analysis of the situation. I am really impressed by your understanding and insights on this subject. However, I am forced to wonder; why isn't there some sort of check to prevent housing projects like BWC to sell off more and then they have acquired? Isn't it risky for everyone involved?
Also, thank you for suggesting CSC instead. I have heard good things about it but I was put off by its high rates. Do you think it will generate a nice return? I would be grateful if you could predict a return of investment percentage for… let’s say 2 years.
** Lack of Regulations:
- CDA/RDA for example are more like authorities that put forward regulations but lack the necessary will and resources to implement on ground.
- Complicit and making some easy bucks under the table to let these guys keep selling while CDA/RDA will keep publishing to be aware and ever one is happy.
- There is no proper check and balance on sold file as opposed to sole land.
Reasons can be many more but the point remains corruption and incompetence by development authorities. Even lots of those commercials allotted by CDA are totally against rules (prime Example Safa Gold Mall on land that was reserved for CDA Hospital). It is risky for only one, that is common citizen of this state, that is how show has been run from decades!
** Future Investment
- Future is low prices and reduced size of land. 3 Marla is now the sort of emerging benchmark. We will see lot more of that by private developers
- 5 Marla premium plot even if sky rocket and touch 4 million is best possible in such private projects that too in DH/BT (GC) I am talking about RWP projects. So, lets say realistically speaking if CSC 5 Marla after fully developed and ready to construct goes in bracket of 30 thats good enough, otherwise why not go for BT that could have good plot in that range and much closer to downtown.
- If you wanna play a game of 3 to 5 million go to CDA, in particular I-15/12 and E-12.
New construction policy may lift things but for now its uncertainty until this Pandemic thing is sorted and I wish all to Stay Safe & Blessed!
Thanks Imtiaz Sb. For posting the information for new offering from CSCI. Its sounds eye catching 
Dear Haaham Brother,
In my personal opinion, CSCI will generate handsome profit return in 3-4 years. The human mind will not accept the prices as reasonable in the start of any project but with time it is realized that infact the prices were quite reasonable.
For example, in 2007-08, Bahria town Phase 8, sounds like an expensive option, the prices were under 10 lacs for the plot, still people raised the concerns about its high prices and distance.
Now we are in 2020, the distance of Bahria Town Phase 8 is still the same, but the prices are around 4 to 5 million for the same plot and we somehow can say that the distance from the main city is some how manageable.
Regarding CSCI, there are few positives:
Project is surviving and the development is being done even in worst economic crisis.
Comittment from the developer is shown at every stage, from the marketing to the on ground development.
Professionalism is exhibited, in terms of their new offerings and accommodating current / exisiting members. Look into the discount policies to existing members.
Price boost will be expected but the wait / holding time should be kept in mind. It is all about your holding capacity. It should be atleast 5 years from now.
Motorway Interchange will change its fate to some extent and the boost will be expected at that time.
As Imitiaz Sb. Mentioned, for 5 Marla the overall appreciation can be expected at around 30 lacs bracket at least.
I observed already that the commercial plots have sky rocketed and sold on the premium of around 35-40 lacs.
Stay positive and its all about the intentions of a person. If you saving for the sake of your future and family, ALLAH will definitely help the cause.
Regards,
Khalid
Regards,
Khalid
How do so you see 3.5 Marla plot from investment point of view. Being very small area as compared to the current market where usually 5 Marla is minimum, is this plot size enough to accommodate a small family home.
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From investment point of view, the smaller the asset, generally speaking more liquid that becomes. Due to economic conditions and growing population these 3 odd Marla will become new benchmark. Some years ago even 5 Marla sounded too small and a no go bu time and circumstances evolved. Even CDA prime sectors like G and now D have lots of 4 Marlas.
Even in some of the best metropolis you name it from NY, to Paris Tokyo people are living in such small sized apartments due to less space and more expensive real estate. If its properly managed it good enough for a family of 3 to 5.
Ideally a 3 Kanal could be less, depending on ones life style, however, considering the necessity in coming years we will see more of these 3 odd Marlas and I said pretty much same an year+ ago on various discussions that in this era we need to see:
- Small sized plots and units
- Gone are the days when big projects like BT/DH/Multi used to make big profits and lots of buying selling from bigger plots.
- Low profile projects with 3 to 5 Marla in range from 10 to 15 lac will do much better than others
- Time for apartments is coming and with construction policy bets benefit will be for commercial project developers (hoping they dont mess it up again like millionth time, i.e., to start building immediately resulting in More Supply, Less Demand = Devalued)
Thank you Imtiaz sab for your comment on the lack of regulations and the scope of investment in Islamabad. I agree with your opinion that Sector I-15/12 and Sector E-12 will do well.
As for Khalid sab, I am grateful that you took some time to elaborate the merits of CSC at length. I guess you are right that as time passes, even once remote areas have the potential to become the next social hub. All things considered, CSC does offer a lucrative opportunity.
Both you have given me a lot to consider, and I will evaluate my options better now. Thank you for your input once again.
Thanks Hasham sb.
This is very dangerous society Please do not invest in this society PECHS is best option now a days
Why it’s good option. Please discuss its pros and cons and current prices as well.
How do you see the future of Rudn Enclave from investment point of view
Aslamo alekum brothers can someone share did BWC get the NOC from RDA or not and can we trust for short term investment in BWC.