The Multi Professionals Cooperative Housing (MPCHS) is the muscle behind various successful residential projects in Islamabad, and Sector B-17 (Multi Gardens) is one of them.
The project is easy to get to through the GT Road and access will only get better once work on Margalla Road concludes. It is expected that the road will be completed after the inauguration of the New Islamabad International Airport on August 14.
Currently, Sector B-17 is not showing much growth in terms of property prices. However, this does not mean that you should shy away from investing since prices will most likely increase in the time to come.
MPCHS had acquired Manzar-e-Kohsar to accommodate affectees of Block D, land for which could not be acquired. Manzar-e-Kohsar has been renamed Block C1, and many affectees of Block D have already been compensated with alternate plots there. Moreover, the developer has established more than 200 villas in C1, along with which Blocks A and E are now connected with a newly finished road. All of these factors come together as the core reasons that Sector B-17 has started to look promising.
MPCHS has handed over possession in Blocks A, B, C, and E, while Block F is under construction and Block D’s future is unclear.
Now let us have a look at plot prices in the locality:
|A||-||-||-||PKR 4,500,000 to PKR 6,500,000|
|B||-||PKR 4,500,000 to PKR 5,000,000||PKR 5,000,000 to PKR 6,000,000||PKR 6,500,000 to PKR 7,500,000|
|C||PKR 2,200,000 to PKR 3,200,000||PKR 2,400,000 to PKR 3,800,000||PKR 3,200,000 to PKR 4,500,000||PKR 4,700,000 to PKR 6,500,000|
|D||PKR 1500,000 to PKR 2,000,000||PKR 2,200,000 to PKR 2,800,000||PKR 2,500,000 to PKR 3,000,000||PKR 3,000,000 to PKR 3,500,000|
|E||PKR 1,700,000 to PKR 2,400,000||PKR 2,800,000 to PKR 3,200,000||PKR 4,000,000 to PKR 4,800,000||PKR 4,000,000 to PKR 4,500,000|
As you can see, plots in Block D are cheaper as compared to plots in other blocks. Nobody wants to buy any property there because of the previously mentioned land acquisition issues.
Also, note that plots in Block F were offered on instalments; have a look at the table below to get an idea about the profit/loss on plots in this block:
|Plot Category||200 Square Yards||272 Square Yards||356 Square Yards||500 Square Yards|
|Profit/Loss||- PKR 150,000 to +PKR 150,000 (depending on plot location)||- PKR 100,000 to +PKR 50,000 (depending on plot location)||- PKR 40,000 to + PKR 50,000 (depending on plot location)||- PKR 200,000 to + PKR 200,000 (depending on plot location)|
It has also come to my attention that many people who booked plots in Block F stopped paying instalments. Despite this, development work has continued.
If you are looking to invest, your best bet is Block B because it outshines other blocks in terms of infrastructure development. Investing in Block D is not a good idea for now, but you can capitalise on Block F. Just make sure you buy a plot with a good location.
That is all the news I have on B-17 for now. Have anything to add to this piece? Sound off in the comments section below.