A0A. Can anyone please comment on the future of Islamabad Green City Housing Society for residential and for investment purposes. Http://greencityislamabad.com.Pk/ Is it safe to invest there? and What would be the price of Kanal plot in Green City Housing Society.
I would advise you to stay away from such schemes…
I heard the name of this society 1st time. Is it exist in Islamabad?
Yes this scheme does exist, however, its very low brand. I invested there many moons ago and waste of space to be honest. They had a strong advertising campaign when they first started initial booking and tried to make it out to be green and cheap similar to gulberg but location is not good, its near pechs and ichs. They had internal politics like most private schemes hence once this was sorted they managed to start development. Its going very slow, they keep stopping and starting and doubt this place will ever get developed. Since development started prices hiked a little, but is it worth 1-2 lakh profit for 7 years? I don’t think so, waste of money, best of investing in something known like DHA valley or something like that instead. Its similar price range.
Green city is far away from zone 2, from tarnol phatuk u have to drive for 40 minutes more, development is doing there on a very low standards they are building gate of society just like a residential home gate, they purchased land in past and sold plots very expensive, even in that area today we can find one kanal open land less then 2 lac
Not Recommended.
My advice is stay away from this society! If at all u want to invest in Zone 2, go for Top City its much better investment.
Price range from Green city to Top city is incomparable!
Green city is a complete joke, if you want to invest for 50 years then its good investment, but location and development wise its rubbish. You are better off investing in E-19 Ministry of Commerce, which is similar price range.
So my grand son will make a house if I do some investment, that’s what you mean Sheikh sab.
Indeed Ahmed saab. It will be lucrative investment for our grand kids or great grand kids. I don't think we shall not see anything in our era.
When TC, MC, PECHS, M of C become expensive and untouchable, people will start to invest in places like Green city and hopefully they shall be developed within 15-20 years due to pace of development. Probably get populated in 30-40 years...etc, im sure you get the idea of how long investment it is Ahmed saab.
Bilal Sb, stay away, not worth investing at least for next 10 to 20 years. Yes, I agree E-19 would be much better then this GREEN CITY.
I still remember their advertisement campaign. And believe me, few months ago there presentation was quite good. There was development-delay due to some of their disputes. But I think they will come back in market soon.