Salam.
I hear forms for new booking in park enclave islamabad is available. Total price of 500 sq yard plot is 17.5 million.
How you rate this?
Should one invest in it?
Looking for your expert opinion.
The current market price of a 1 kanal plot in Park Enclave ranges from Rs. 15 million-Rs 17 million so I guess the price is fair given the fact that this is on installments. However, my understanding is that the area where these new plots are being created is not yet cleared nor is it in possession of CDA. The old plots area is clear. One hopes that eventually this issue will also get resolved but its better to check yourself. If true, you should be prepared to hold your plot for several years before it gives any good returns.
Also, it will be allotted through a draw if more applications are received. Last date to apply is December 24, 2014.