Dear members,
I planning to invest around 4 million pkr i have checked the prices of both park view and i-16/4 price of 5 marla plot is almost same. I need expert advise from the respected members that which one is more profitable for investment purpose. I am naive in property business so my investment will be heavily relying on members advise.
I-16/4
I think I-16/4 is better option.
Regards
If you look from investment and profitability both are good. I would suggest I-16 with I-16/2 and I-16/4 in particular. In real estate, things are not black and white so all aspects must be considered such as:
1. CDA vs Private Developer - One is an autonomous Govt. Agency while other is a private developer offering a luxurious living. On a worst case scenario Govt. (theoretically) will not default to its customers while a private developer can and has many times.
2. Utilities and Amenities - I-16 is a developed sector with Electricity, Gas, Water available with 100% possession available of each plot and commercial in Markaz has been auctioned. Many families already living there with direct connection to I-15 & I-16. Park View City (PVC) is getting in shape with a luxury life style but atleast 5+ years to be properly live-able. IESCO just approved providing electricity but no idea about Gas as yet.
3. Location - If you take Zero-point as a benchmark PVC is 22.2 km with 35 minutes drive from it. I-16 is 20.7 km with 33 min drive from Zero-point. Access of both will improve in near future.
4. Surroundings - PVC Surroundings are Bahria Enclave, Park Enclave etc. I-16 has locality is I-14, FOECHS, CBR-2, Taj Residencia etc.
5. Pricing - In PVC Possession plot of 5 Marla may touch 50 lac whereas in I-16 possession plot ranges from 30 to 40 lac. But keep in mind, PVC possession plot will only become attractive once Electricity, Gas is available and area is livable. PVC spends heavily on Marketing and Promotion so that money must be recovered from customers.
6. Construction in I-16 can be cheaper than PVC and generally CDA property brings more rental value.
These are some of the points, there can be many other aspects that I already shared regarding PVC and I-16 on different threads so may be a quick search can help you to read details from other valuable and knowledgeable forumers here.
Thank you imtiaz sahib and nadeem sahib and Ali for your valuable advise. There is a plot in i-16/4, 1500 series with final price of 37 lac is this price is ok ?
Malik,
I believe, as per my limited knowledge 36 - 38 is the demand for 700 - 900 series that are level plots. 1700 & 1900 series may be 37 - 40 in I-16/4.
Here is an ad from 3 days ago and someone is selling 1559 for 32 lakh so just be careful with pricing before any deal.
https://www.zameen.com/Property/i_16_i_16_4_residential_plot_1559_is_available_for_sale-12274910-3438-2.html
In Jan 2018, 1500 series, 5 Marla on Average was around 25 Lac.
Try to call a few people, get their numbers from Zameen and tell them that you want to sale whatever 1500 series plot and lets see what offer they give you. When you try to buy they quote different figure than when you try to sell.
Locate the plot on I-16 Map by CDA and on google maps most of the I-16 plots, if you click on the land beside the roads/streets it will show you plot number as well on google maps so that can help with pinpointing the exact location of the plot on ground!
All the best!
Thanks you imtiaz sahib i have checked your mentioned plot they are 5 to 6 feet below the road level thats why price is 32, i have also called various dealers and inquired about the prices its more or less same tag which i am interested in to buy. Any how thank you for your valuable advise specifically for people like us who dont know ABC of the property
Malik sb, thats good if you have double checked! All the best. Investment in I-16 for sure will grow, IA.
Just to suggest that
In last 12 - 18 months the prices have increased by 80% - 90% as plots trading around 20 lacs then are now at 36 - 38 lac.
In last 6+ (Feb to Aug 2018) months the prices have increased by by 30% - 35% approx.
That time period was also influenced by the New Airport Factor!
No matter how dealer may show you the picture, right now prices are on a stop or very slow appreciation but in next few months or an year time good appreciation is expected due to.
- More construction (a probability)
- PHA flats nearing towards completion (at-least the grey structures)
- Rehabilitation of link road from I-14 to I-16.
Other factors are distant events so I consider them long term like I-17 as medical city, possible access from KH through H-16 sector and RRR.
Best wishes!
Imtiaz Sahib ,please put light on faysal town block c for investment point of view for 3 to 4 years
Sorry Rashid sb for a slightly delayed response. My knowledge is very limited about FT. Location is good. Possession block standard is outstanding!!
Sorry about limited or no knowledge!!
Thanks Imtiaz sahib , can you suggest faysal margalla city B 17 for investment on full payment ?
I think I-16/4 is better option.