A thorough analysis of Sector F-17 in Islamabad

Sector F-17 lies close to New Islamabad International Airport on the Kala Bagh-Nathia Gali Road that runs parallel to the Islamabad Motorway Link Road near M-1 that is currently under construction. Because it is at a bit of a distance from prime CDA projects, and also because this sector belongs to two corporate housing societies, i.e. Multi Professional Cooperative Housing Society (MPCHS) and the Telephone and Telegraph Employees Cooperative Housing Society (T&T), F-17 is often rated less than the prime subsectors of Sector F. This, however, could change soon.

The proximity of this sector with the new airport and the infrastructural developments needed to assist the operations of this much-awaited facility are bound to make this secor catch due attention in the coming months. Consequently, plots for sale in F-17 will experience a decent price appreciation.

The analysis of this sector should be based on a rate comparison of the two cooperative housing societies that are located in an area that’s already seeing an increased influx of investment. So let’s look at them one by one.

MPCHS

MPCHS enjoys a very strong reputation in the real estate market of Pakistan. The developer is known to offer exceptionally strong projects by the promised time. This habit of meeting deadlines and keeping commitments is rare. As we know, even prominent CDA developments and projects of well-known developers are weak at this end.

Thus, MPCHS is cherished and investors, too, value it. The project is completely developed with possession available. Here, you can find 7-, 10- and 12-marla and 1-kanal residential plots. The market rate of these plots varies according to location. The average rates are:

T&T

This society was launched in the early 90s and didn’t see any development work for years. Ever since then, plots allotted to members of Telephone and Telegraph Department have flipped hands, which is why many of the owners today aren’t members of this department.

Since its initiation, the project has enjoyed the benefits of sharing the neighbourhood with MPCHS but, other than that, there has been little improvement in its development status until now. Just recently, the newly appointed management has started to fix the pending issues and initiate development work. Efforts are paying off and about 50% area of the project has been cleared and possession handed over. Steps are being taken to acquire the remaining 50% of land and development work is underway in many places.

T&T also offers plots in the sizes as that of MPCHS but there is a stark difference in rates.

Conclusion

A comparison of prices clearly shows that property rates in T&T can increase in the future but we have to keep that in mind that its comparison will always be with the bigger and more developed MPCHS. However, the 100% developed MPCHS will see marginal yet gradual growth in rates and that, too, because of its location. T&T, on the other hand, can catch up if issues hindering development can be dealt with effectively.