When it comes to quality of education, health care, safety and environment, Islamabad definitely tops the chart. Be it the city’s impressive infrastructure or the natural beauty surrounding it, the federal capital has always been a popular option with both expats moving to Pakistan and emigrants returning to their homeland.
The fact the population of Islamabad grew from 805,236 in 1998 to 2,006,572 in 2017, according to the official census reports, is a huge indicator of how the city has also grown to accommodate people from all across the country who move here for good job opportunities and a better quality of life.
With the sharp increase in population, the number of housing projects and societies in Islamabad has also seen a sudden uptick. Since renting houses and flats in Islamabad appears to be a popular choice, investing in property is always a good option. However, if you are planning to buy real estate in Islamabad, you can’t make that decision on a whim.
Before you select an area, you need to figure out the types of houses, apartments and plots available in that locality along with the average buying prices.
In terms of popularity, these were the most searched areas to buy property in Islamabad during the month of January.
If you are looking to buy property in Islamabad, here’s a detailed analysis of the buying trends for the top 5 localities:
DHA Islamabad
According to the search trends on Zameen.com, Defence Housing Authority Islamabad continued to be the most sought-after area to purchase property in the city with 16.7% of total searches. Considered a prime location to buy real estate in the federal capital, this area has retained the first position on the index since the beginning.
If you are looking to buy property in Islamabad, Defence Phase 2, DHA Valley and Defence Phase 5 appeared to be the most popular localities within the area with a search result of 35.1%, 27.4% and 15.5% respectively.
The price of 5 marla houses in DHA Islamabad ranges between PKR 23 lakh and PKR 2 crore. Similarly, buying a 10 marla house can cost you PKR 1.25 crore to PKR 3.3 crore. Meanwhile, prices of 1 kanal houses can be quite steep as they range between PKR 1.8 crore to PKR 7.5 crore.
In terms of buying an apartment, 2-bedroom flats in Defence Islamabad ranges anywhere between PKR 27 lakh and PKR 1.3 crore, whereas the cost of 3-bedroom apartments varies between PKR 40 lakh and PKR 2 crore. The range for a 4-bedroom apartment is PKR 75 lakh to PKR 2.5 crore.
Similarly, you can buy a 5 marla plot in Defence Islamabad between PKR 6 lakh and PKR 4 crore, while prices for 10 marla plots range from PKR 35 lakh to PKR 5 crore. However, 1 kanal plots in the area cost between PKR 22 lakh and PKR 15 crore.
It is important to note these prices may vary with certain projects.
Gulberg
Gulberg Islamabad secured the second position on the popularity index with 8.6% of total searches, which is a notable increase from 7.8% searches in the previous month.
Launched in 2005 by the Intelligence Bureau Employees Cooperative Housing Scheme, the housing project is also known as IBECHS Phase-III. Moreover, Gulberg Residencia, Gulberg Greens and Gulberg Business Square appear to be the top three most-searched localities within Gulberg Islamabad.
The buying trend for 5 marla houses in Gulberg ranges from PKR 65 lakh to PKR 1 crore. Similarly, a 10 marla house is priced between PKR 75 lakh and PKR 3 crore. Meanwhile, the price for 1 kanal houses ranges between PKR 2 crore and PKR 4.5 crore.
If you are interested in buying an apartment in Gulberg Islamabad, the asking price for a 2-bedroom apartment ranges from PKR 15.3 lakh to PKR 2.3 crore, while a 3-bedroom apartment in Gulberg costs between PKR 22.95 lakh and PKR 3.45 crore.
The price for 5 marla plots falls in the PKR 2.1 lakh to PKR 5.5 crore range, whereas 10 marla plots cost between PKR 4 lakh and PKR 6.5 crore. Meanwhile, you can buy a 1 kanal plot in the area for PKR 7.5 lakh, however, this figure can go up to PKR 1.75 crore, depending on the locality.
Bahria Town
Bahria Islamabad ranked third on the popularity index for January 2019 with a total of 6% searches, observing an increase of 0.2% from December 2018. Bahria Enclave appeared to be the more sought-after area with a total of 90.3% searches while Bahria Garden City and Bahria Golf City came in second and third with 6.9% and 2.3% searches, respectively.
With Bahria Town being one of the most famous housing and commercial projects in a number of major cities across Pakistan, its popularity on Zameen.com search trends didn’t come as much of a surprise.
Of the types of houses available in Bahria Town Islamabad, a 5 marla unit costs PKR 67 lakh to PKR 1.7 crore, while the price of 10 marla houses ranges from PKR 1.5 crore to PKR 3.5 crore. However, the cost of 1 kanal houses in Bahria Islamabad can be a bit steep as it ranges between PKR 2.6 crore and PKR 6.2 crore.
Similarly, 2-bedroom apartments in Bahria Town cost between PKR 40 lakh and PKR 2 crore, whereas the price of 3-bedroom apartments ranges from PKR 86 lakh to PKR 2.12 crore. Moreover, the buying trend for 4-bedroom apartments ranges between PKR 1.27 crore and PKR 6 crore.
If you want to buy a plot, a 5 marla plot in Bahria Town costs from PKR 7 lakh to PKR 1 crore. The asking price for a 10 marla plot ranges between PKR 11 lakh and PKR 1.59 crore. Likewise, prices for 1 kanal plots fall in the PKR 58 lakh to PKR 2.5 crore range.
Sector B-17
Sector B-17 Islamabad is a rapidly developing residential and commercial project launched by the Multi Professionals Co-operative Housing Society (MPCHS). Although most housing projects in this sector are currently under construction, B-17 Islamabad was the fourth most popular area to buy property in Islamabad with 5.2% of total searches in January.
MPCHS Multi Gardens in B-17 Islamabad appeared to be the most sought-after locality in the sector with 99.1% of the total search results.
In terms of the buying trends for houses, the price of 5 marla houses in Sector B-17 ranges from PKR 75 lakh to PKR 1.25 crores, whereas a 10 marla house costs between PKR 1 crore and PKR 2.25 crore. Similarly, the price for 1 kanal houses in the area could be anywhere between PKR 1.5 crore and PKR 4.5 crore.
If you are looking to buy an apartment in Sector B-17, a 2-bedroom flat costs between PKR 12.25 lakh and PKR 61.8 lakh, while the price for 3-bedroom apartments in the area ranges from PKR 21 lakh to PKR 90 lakh. Prices for 4-bedroom apartments start from PKR 45 lakh and go up to PKR 1 crore.
Prices for plots also vary. While 5 marla plots in Sector B-17 cost between PKR 25 lakh and PKR 3.5 crore, prices for 10 marla plots range from PKR 4 lakh to PKR 8 crore. Depending on the locality, you can purchase 1 kanal plots in Sector B-17 between PKR 10 lakh and PKR 2.2 crore.
Sector G-13
In January 2019, Sector G-13 traded positions with Ghauri Town to become the fifth most popular area to buy property in Islamabad with 2.7% of total searches. G-13/1, G-13/2 and G-13/3 appeared to be more sought-after blocks in the developing sector with the total search result of 32.5%, 23.8% and 22.5% respectively.
The buying trend shows 5 marla houses in Sector G-13 range from PKR 1.3 crore to PKR 2.4 crore. Similarly, a 10 marla house costs between PKR 3 crore and PKR 4 crore while the price of 1 kanal houses in Sector G-13 starts from PKR 4.25 crore and goes up to PKR 6.5 crore.
Moreover, 2-bedroom apartments in Sector G-13 cost between PKR 27 lakh and PKR 1.93 crore, whereas the prices for 3-bedroom apartments start from PKR 36 lakh and go up to PKR 2.86 crore.
If you are looking to buy a plot, the price for 5 marla plots in Sector G-13 ranges between PKR 85 lakh to PKR 1.15 crore, while the asking price for 10 marla plots ranges from PKR 1.5 crore to PKR 3.5 crore. Similarly, the price for 1 kanal plots is relatively high as it ranges between PKR 2.1 crore and PKR 6.5 crore.
Once again, the buying trend of property for sale in Islamabad may vary depending on the locality and different projects within the area.
Looking for the best real estate blogs in Pakistan? Your search is over. Stay connected to Zameen Blog, your top source of property blogs in Pakistan.
Comments are closed.
Good picture
Imposition of taxes have forced the property and related businesses to go into the sleeping mode.
Addition of Wealth Tax in the new budget by June 2019, would put further a killer blow to the reality market that is already lying on the stretcher.
This was one of the best sectors for expatriates investments, who would now prefer to invest in Dubai or elsewhere, thus driving down their investments in Pakistan. Remember, the expatriates are in no position to invest in the complex industries located in Pakistan, while sitting abroad.
As a spiraling effect, their remittances inflow would also go down substantially in the times ahead.
Someone needs to understand that if you plan to eliminate the property market, you need to know that it would impact more than two dozen allied construction related industries employing thousands of people across the country.
So, the prudence demands that a thriving property market should keep going for the benefits of millions across the country.
And if the black money is parked in the properties, there should be a different deterrence methodology, specifically targeting them.