5 Marla House

University town: A Reasonable Alternative of Expensive Neighboring Societies

University town is one of pioneering societies in the neighborhood of New Islamabad International Airport. This town has been there on investors’ list with a slight up and down in interest since its inauguration and after development of major societies and infrastructure in the close vicinity, its status has only improved.

A proof of this interest is recent upsurge in demand of the university town after the election when the market resumed. Although the demand has never lowered here than an average rate, last few months before election and Eid-ul-fitr have been rather slow for the society. Now as a sigh of relief for the developers of the society is capturing investors’ interest more than ever.

Prevailing Trends

Currently, plots here are in demand by investors who have medium and long term investment in mind. Other than that end users are also thinking of benefitting from the current lower prices as the prime location of the society ensures higher returns and infrastructure development in few years.

Some investors look for even cheaper rates than that of market but the investors are not making any compromises on the current prices given the prime location even though the development pace is really low and it will take some time before the society is fully developed.

Even right now after all these years the society is only been able to complete development in Block D. However, possession is being provided wherever the development is complete throughout the society consequent to NAB’s action. Another major factor besides slow development that is acting behind its low prices is access issues but they are going to be resolved within next year or so and then the society will catch up with neighboring high priced societies.

Location

University Town is located at the heart of the city Kashmir Highway, connects to Islamabad-Lahore Motorway M-2. It is also in close proximity with Eighteen Islamabad, Islamabad International Airport, Faisal Town and also many key areas of both Rawalpindi and Islamabad. Given below the location map if the society for better understanding.

Block-wise Development and Prices

The only block where development is 100 percent complete is Block D. Block A and B are around 70 to 80 percent complete where some roads and parts are still underdeveloped. Read below the details of each separately.

Block A

Development is partially completed here, some of the lanes are not developed as the focus is shifted to other blocks and machinery is deployed there. However, possession is allotted in the developed parts and some owners have even built their houses too. Plots of 5 Marla, 10 Marla and 1 Kanal are provided and market prices are as follows:

Plot size Minimum Price (PKR) Maximum Price (PKR)
5-Marla 1,600,000 2,500,000
10-Marla 2,850,000 3,450,000
1-Kanal 5,050,000 6,500,000

 

Block B

Developed by 90 percent, this block is on hold for further development. Possession is granted however and no construction can be seen by the respective owners of plots. Prices are listed below:

Plot size Minimum Price (PKR) Maximum Price (PKR)
5-Marla 1750000 2,200,000
10-Marla 3,000,000 3,300,000
1-Kanal 5,000,000 6,500,000

 

Block C

This has become the biggest block of the society after the addition of extension areas and development is also going on here, although it is in initial phases. Leveling of ground and carving road networks is carried on in this phase right now and carpeting of roads will soon begin. Price range is as follows:

Plot size  Minimum Price (PKR) Maximum Price (PKR)
5-Marla 1,450,000 2,000,000
10-Marla 2,400,000 2,700,000
1-Kanal 3,500,000 4,000,000

 

Block D

This is the only block with 100 percent development work and possession available throughout the block. The major gate of society will be located here, connecting the society with Kashmir Highway. For now, no construction can be seen done by the owners of the plots however. Prices here are highest and lie in the following range.

Plot size Minimum Price (PKR) Maximum Price (PKR)
5-Marla 2,200,000 2,500,000
10-Marla 3,000,000 3,300,000
1-Kanal 5,000,000 6,200,000

 

Block E

With the most fast paced development going on in this block it is expected to complete soon. Roads are ready for carpeting, sewerage, gas lines and electricity poles are being laid here. Prices are as follows:

Plot size Minimum Price (PKR) Maximum Price (PKR)
5-Marla 1,650,000 1,950,000
10-Marla 2,600,000 2,850,000
1-Kanal 4,400,000 4,750,000

 

Block F

Development work in this close is yet to commence. Plots here were sold out in 2013 but still no machinery is deployed as yet. This square is likewise favored among purchasers having budget constraints. Here is the present value scope of 5 Marla and 10 Marls plots in Block F:

Plot size Minimum Price (PKR) Maximum Price (PKR)
5-Marla 1,350,000 1,700,000
10-Marla 2,300,000 2,600,000

 

Conclusion

This is one such society near new airport where prices have most potential to appreciate. Located just next to elite housing scheme Eighteen Islamabad, this society will become a core attraction for investors in future. However, all this appreciation is subject development of Eighteen Islamabad, and that will take some time.

Hence, we suggest readers to keep medium and long term investment in mind before going for this society. For buyers with budget constraints block F and A extension are most favorable as prices are minimal due to lack of development here.

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