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Housing societies in Islamabad on installments

By Xtremes Marketing | Published Mar 15 2022 5:32AM

Housing Societies in Islamabad in Installments

New housing societies continued to emerge, offering a range of residential and commercial properties with various amenities and facilities. The city's real estate market has seen fluctuations over the years due to factors like economic conditions, government policies, and demand-supply dynamics. However, the demand for housing in Islamabad has remained relatively steady, driven by the city's status as the capital and its increasing population. Looking for some of the best Housing societies or plots in Islamabad in installments, which can simultaneously be legal and affordable. Investing in housing societies offering plots in installments can be a viable option for many people, but like any investment, it comes with its own set of risks and considerations. Here are some factors to consider before making such an investment, along with potential issues that could arise:

List of the best Housing Schemes in Islamabad in Installments

Blue World City

Blue World City Islamabad is a futuristic housing project that aims to provide a modern lifestyle with flexible payment options. The housing society is a mega-housing project by the Blue Group of Companies (BGC) 

NOC Status

The NOC (No-Objection Certificate) of Blue World City is approved by the Rawalpindi Development Authority (RDA) as well as by the District Council.

Location

Blue World City has Lahore to Islamabad Motorway (M-2).

Available Plots Size

  • 5 Marla
  • 7 Marla
  • 10 Marla
  • 1 Kanal
  • 2 Kanal

Housing societies in Islamabad on installments bloge-image

Capital Smart City Islamabad

Capital Smart City Islamabad is a modern and innovative housing society located near the capital city of Pakistan. It is one of the most ambitious and largest real estate projects in the country, developed by Habib Rafiq (Pvt) Ltd in collaboration with Future Holdings Developments. The society's prime location and smart features have made it a popular choice among investors and homebuyers.

NOC Status

The NOC (No-Objection Certificate) of Capital Smart City Islamabad is approved by the Rawalpindi Development Authority (RDA).

Location

The society is situated on the M2 Motorway, near the Thalian Interchange, which provides easy access to Islamabad and Rawalpindi.

Available Plots Size

  • 5 Marla
  • 7 Marla
  • 10 Marla
  • 12 Marla
  • 1 Kanal
  • 2 Kanal

Housing societies in Islamabad on installments capitial-smart-city-islamabad

Park View City Islamabad

Park View City Islamabad is a prominent and well-established housing society located in the capital city of Pakistan. It is a project of Vision Group, one of the country's leading real estate developers. 

NOC Status

The NOC (No-Objection Certificate) of Park View City Islamabad is approved by CDA, having the only NOC (No-Objection Certificate) in Zone IV of Islamabad.

Location

Park View City Islamabad has an 8 km drive from Chak Shahzad through the Park Road & the Kuri Road via the route from Kashmir Highway, Lehtrar Road & Islamabad Highway.

Available Plots Size

  • 5 Marla
  • 8 Marla
  • 10 Marla
  • 20 Marla
  • 40 Marla

While there are 6 Marla and 8 Marla commercial types of plots available. There is an availability of 8 equal quarterly installments spanned over 2 years.

Housing societies in Islamabad on installments park-view-city

Kingdom Valley Islamabad

From the ideal location on the Lahore to Islamabad M-2 Motorway to exquisite master planning, Kingdom Valley Islamabad offers its residents the best amenities with a gated community. Kingdom Valley Islamabad has a cost-efficient payment plan for standard education institutions to highly-facilitated hospitals. Kingdom Group is the owner of the best housing project in Islamabad.

NOC Status

Kingdom Valley Islamabad is approved under the Naya Pakistan Housing Scheme with registration number "DRG/PHATA/2176-2021".

Location

Kingdom Valley Islamabad is near New Islamabad Airport and Chakri Interchange on M2 Motorway.

Available Plots Size

  • 5 Marla
  • 8 Marla
  • 10 Marla
  • 1 Kanal

Housing societies in Islamabad on installments Kingdom-Valley-Islamabad

Mivida City Islamabad

Mivida City Islamabad has gained popularity due to its well-planned layout, proximity to essential amenities, and its reputation as a reputable project 

NOC Status

The NOC (No-Objection Certificate) of Mivida City Islamabad is approved by the Rawalpindi Development Authority (RDA) as well as by the District Council.

Location

Mivida City Islamabad is ideally located on the main Chakri Road Islamabad, close to the M-2 Motorway and Adyala Road.

Available Plots Size

  •  5.5 Marla (139 Square Yards)
  • 8 Marla (200 Square Yards)
  • 10 Marla (253 Square Yards)
  • 14 Marla (350 Square Yards)
  • 1 Kanal (500 Square Yards)
  • 2 Kanal (1000 Square Yards)

Housing societies in Islamabad on installments Mivida-city-islamabad

Rudn Enclave Rawalpindi

Rudn Enclave is an emerging housing society located near Rawalpindi, Pakistan. It is being developed by RMRSCO Pvt. Ltd. The society aims to provide modern and affordable housing options while emphasizing sustainable development and a high-quality living environment. Rmrsco Pvt. Ltd. is the parent organization of the Rudn Enclave Rawalpindi; NESPAK National Engineering Services Pakistan (NESPAK) and UDPL Pakistan are involved in developing the Rude Enclave Rawalpindi.  

NOC Status

The NOC (No-Objection Certificate) of Rudn Enclave Rawalpindi is under the process of approval by the Rawalpindi Development Authority (RDA).

Location

The housing society is situated on the main situated at Adiala Road, Rawalpindi in the vicinity of the Lahore to Islamabad Motorway (M-2).

Available Plots Size

  • 5 Marla
  • 7 Marla
  • 10 Marla
  • 1 Kanal

Commercial types of plots are available in the following sizes 4 Marla, 8 Marla, and 1 Kanal.

Housing societies in Islamabad on installments Rudn-Enclave-Rawalpindi

History of Private Housing Societies in Islamabad 

The history of private housing societies in Islamabad dates back to the early days of the city's development as the new capital of Pakistan. Islamabad was planned and constructed in the 1960s to replace Karachi as the country's capital, and it offered a unique opportunity for private developers to invest in real estate and develop housing societies. The development of private housing societies in Islamabad started in the late 1960s and gained momentum in the 1970s.

Encouragement from the Government of Pakistan

The government of Pakistan encouraged private sector involvement in the construction of housing projects to cater to the growing population of the city and to meet the demand for residential areas. As a result, various private developers and real estate companies began acquiring land and launching housing projects. One of the earliest and most prominent private housing societies in Islamabad is Pakistan Town, which was developed in the 1970s. Over the years, numerous other private housing societies followed suit, each offering different sizes and types of residential and commercial plots.

Real Estate in the 1980s & 1990s 

In the 1980s and 1990s, the growth of private housing societies continued, with a particular focus on sectors surrounding the city center. This expansion was driven by the increasing population and the need for more housing options. Bahria Town, one of Pakistan's largest private real estate developers, entered the Islamabad market in the late 1990s and became a significant player in the development of new housing societies.

Futuristic Private Housing Societies in Islamabad

As the city continued to grow, the development of private housing societies expanded to areas farther away from the city center, leading to the establishment of housing societies in sectors such as DHA (Defense Housing Authority), Emaar Canyon Views, Gulberg Islamabad, Park View City, and many others.

Advantages of investing in housing societies offering plots in installments

1. Affordability

As mentioned earlier, installment plans make it more affordable for individuals to invest in real estate, as they can spread the payments over time.

2. Diversification

Investing in plots in installments allows investors to diversify their portfolios, especially if they are unable to make a lump sum payment for a property.

3. Potential appreciation

If the housing society is well-planned, strategically located, and has good development prospects, the value of the plot may appreciate over time, offering potential returns on investment.

4. Capital growth

Real estate can be a hedge against inflation and a source of long-term capital growth, especially in areas with increasing demand.

5. Long-term investment

Real estate is often considered a long-term investment, which can provide stability and potential rental income.

Risks and potential issues associated with dealing in housing societies offering plots in installments

1. Financial risk

Investing in installments means committing to regular payments over an extended period. If a buyer faces financial difficulties and cannot continue payments, they may lose the amount already paid and forfeit the plot.

2. Legitimacy concerns

Some developers may not have the proper approvals or may be involved in fraudulent activities. It is essential to thoroughly research the developer's reputation and verify the legitimacy of the project before investing.

3. Project delays

Real estate projects can face delays due to various reasons like funding issues, regulatory hurdles, or disputes. Such delays can affect the expected completion time of the project.

4. Unclear terms and conditions

Some installment plans may have ambiguous or hidden terms and conditions that can lead to disputes between the buyer and the developer.

5. Market fluctuations

Real estate markets are subject to fluctuations, and the value of the plot may not appreciate as expected, or in the worst case, it may even depreciate, leading to potential losses.

6. Infrastructure and amenities

Not all housing societies offering plots in installments may fulfill their promises of providing quality infrastructure and amenities. Some developers might not deliver the promised facilities, which can affect the overall living experience.

7. Interest rates

If the installment plan includes an interest component, fluctuations in interest rates can impact the total cost of the plot and the monthly payment amount.

Conclusion

To mitigate the risks associated with investing in housing societies offering plots in installments, it is essential to conduct thorough due diligence. Research the reputation of the developer, review the terms and conditions of the installment plan, visit the project site, and seek legal advice if needed. Additionally, consider the potential growth prospects of the area and the demand for properties in that location.Overall, while investing in housing societies offering plots in installments can be a viable option, it requires careful consideration and risk assessment to make an informed decision.

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