Thank you Humayyun for a very informative video. Can you please post this on RRR thread as well. Thanks,
Welcome. On one thread you can post 3 comments only. AFter 3 Some other else need to commet, Then you will be able to comment. I am unable to post this video there as all 3 previous comments are mine.
A random video update on Margalla Avenue construction. Slightly old (5 days) but interesting and direct to the point.
detail
Islamabad-DI Khan motorway (M14) is going to be inaugurated soon at Hakla interchange. This will give boost to Zone 2 market, specially to good quality projects such as B-17. Although prices are constant here, rather bit corrected after recent jump earlier this year, but M14 and MA construction will most definitely give further boost. So, just hang on a bit and you’ll get good reward. Those who have been waiting to buy in B17 should move now as the market is steady.
So its a good time now to buy in B17? It saw some correction lately.
Any idea what are the prices these days?
@syedwajahat17 check prices on Zameen or with local dealers. Yes, it is about time to find a good bargain. Probably the last whistle before train leaves the platform.
Entire Zone 2 and C14, C15, D12, E12, C12, all are going to gain big time from next year. MA is going to change the orientation of the city, just as the new airport did.
I have been following the Hakla Interchange developments for a while as I have open land (registry-intiqal) there, bought, with the intention of a Fram House.
Yes, the likes of B-17 will benefit but do look out for the underdogs (in the context of big names like B-17). These are Margalla View, Engineers cooperative, AWT, PAF etc. as you can visibly see their access getting improved and added infrastructures will give them more acceleration.
Yes, never to undermine the open land, litigation free with Registry-Intiqaal stuff.
Fateh jang and beyond is the direction where the city will grow now. Good thing that you picked farm land timely. I am sure this is going to become prime property soon.
Thank you!
I would urge gents, that can think and act beyond the usual society mindset to do consider open land (that have verifiable Fard, Registry-Intiqaal)… rightly picked ones can give wonders as ROI and personal use!
Imtiaz Bhai, we mostly stick to societies because we are apprehensive of frauds by patwaris.
If there is any way of addressing this apprehension, many people will shift to buying land outside planned societies.
@Its_ImtiaX_88
Toofan sb
Great risk buying open land but the way Pakistan is under pressure due to the bravest international ever stand, severe problems are invitable for a longer time & Agri land is an answer for food.
$ will keep sliding whatever is on the helm.
In my district, Attock, a Kanal open land was around 60,000 two years before…now Rs 3 Lacs per Kanal.
As a rough estimate, 200 Kanal could give you peanut of at least 7 Lacs net profit per six month harvesting & you do not have to be onsite even as people will come to you taking a full harvesting contract & pay you back once whole crop is done.
Brother, you are quite right. Unfortunately, it has happened like that and still happens.
Things have improved, land records in all major cities have been computerized and digitally verifiable. Things have changed for good, registry and intiqaal are more transparent. Still a long way to go but things for sure have improved and will continue to.
In these open land, exchange deals also work like 50% Cash and 50% some other asset. Your spare Mehran can be someones first car of family and in exchange they willing to transfer the land.
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Disclaimer: No Politics rather Contextualising the Land Reforms
On a similar, yet lighter note, in our social context the party and regime referred to as Patwari actually worked towards eliminating those typical Patwari Structure
The Irony, the Folks that claim to be Antipatwari are reviving the Patwari Culture
Thank you @Its_ImtiaX_88 and @yousafnoor
One solution that I have improvised to avoid patwari fraud is this:
When getting loan from an Islamic Bank for financing a house, the bank asks for a set of documents that a patwari should provide. The bank guy told me that if you are able to get these complete documents, the risk of patwari fraud becomes absolutely negligible. So we can get the list of these documents from the bank and ensure that the patwari furnishes all these documents before we make the purchase.
Sounds too good to be eventually true, but here is the update:
The potential of the areas I was discussing, couple of days ago on the same thread.
The portion of the ring road will link MI (Peshawar-Islamabad Motorway) with GT Road near Sangjani where it will also be linked with Islamabad’s Margalla Road where an interchange will be constructed.
Another interchange will likely to be constructed near N-5, Wapda Town.
@ToofanKhan bro, can you not list down documents if you’ve already got it from your bank. It will be a public service, I am sure.
@isloo1
The problem is that I still haven’t asked the bank for these documents. I had left it for the day when I intend to make a purchase outside planned societies.
So is it high time to invest in AWT and d-17 rates are far less compared to b-17. Are you seeing a new hype there?
I see genuine and organic price increase in that area over a long period of time, simply due to improved road infrastructure and accessibility.
Yes organic growth will always be there, but due to CPEC inauguration in few weeks and this new road approval as part of ring road will create a new hype like we saw in B-17? that is my question. AWT 10 marla rates are 40-50% of B-17 10 marla, but after this 3.5km sangjani to AWT link road, it will be as near as B-17 C or D block from margalla avenue.
A society touching Motorway, CPEC, Ring road and Margalla avenue will be a heaven for commercial activities what do you suggest?