I am planning to buy a house in islamabad with a budget of apx 15 million. The main purpose is to get appreciation of property, and ofcourse to have a monthly income as well but that wud be secondary. Can the experts please share their views which sector wud be the best g-11,g-13,d12 etc.
In this price you can get 5 marla house in G 10.excellent place to live and good rental as well
G-11 is better than G-10, imo… G-10 has a dead markaz…
Thanks for your advise… I dont want to buy house to live but to get some good return in future so in this price which sector would give more return in coming years…
I’m going through the same dilemma, it really depends on what you’re buying… A good location house can give good return…
But for me right now the question is which sector to buy? Which CDA sector has more potential to grow in terms of return in coming years
In this budget g 8/g 9/g 10/g 11 will all give same return. Almost same price. A five marla house currently is generating 50,000 monthly rent.
Salmam sb aap kya chahtay hain kay 5 marla house 3 crore ko touch kare?Already they are overpriced.I personally think that they cannot offer any considerable capital gains and rental is also not upto the mark.Who would want to have 50k after spending 1.6 crores plus and that too when there is hardly any considerable chance of its price growth.
CDA’s I-11 might have potential to grow, not too sure about the possession but it has gained a lot since it was vacated by afghnis
Yc i think they are overpriced now.I have seen many people demanding insane tags for plots.I personally dont find it so profitable.
Falcon, I was renting a house 10 years ago, and the owner told me these houses have reached its peaked @ 90 lacs.. After 10 years same houses are at 1.5crores+..
Just sayin..
Sir i think one can easily see that spending 9 million and that too a decade ago for 6 million is definitely not too lucrative venture.
So the question again remain the same in order to have more appreciation of the property which is the best place now in Islamabad or there is non?
Salman,
Although CDA sector market is on decline, future rental demand will remain strong in Islamabad as Govt. is not moving offices away from the capital. I personally think offices of ISI, FIA, NAB, IB, NADRA, OPF, Agriculture, Atomic Energy and other unnecessary ministries should be relocated to remote cities like Gawadar, Faisalabad, Mardan and Gotki.
On top of this it is beyond my understanding why GHQ is moving in to the capital. This will only make things worst. Quality of living will drop. Roads are already jam-packed and will have tons of more vehicle clogging up traffic system. Getting from point A to B will become almost impossible.
But rental demand will be there fore sure, regardless of which sector you choose.
Falcon, not just 6 million... That house was rented for 50,000/month.. So you can add another 5+ million..
CDA sectors will always be HUGE.. Private societies cannot beat it in anyway.. Location is a must.
I wonder if i-12 has a potential..
Typhoon sir plz reanlyze your equation.The house is not drawing 50k for last 10 years.The figure is only prevalent for recent market.10 years ago,the house may be hardly drawing 22k approx a month considering 10pc regular annual increase.Also plz subtract the maintenance cost and tax amounts which are surely considerable amounts.Lastly, top notch private societies have already touched the high figures in which one can get a reasonable house in zone 1 good sector.Just have a look at 10 marla house price tag in bahria enclave.Also check dha 1 and dha 2 prime location designer houses and you would get a better idea.Also for reference,check 5 marla house price in J block despite having lower development standards.
I rented it at 20k/portion… 40k/house… 10 years ago in 2007… Now you can start adding 10% increase and you’ll see it goes to what I told you…
So is G-13 a good option to buy a 4-5 Marla house ?
Lots of houses and people living but surprisingly no street lights.. Even the most far flung sectors have street lights but not in G-13. In your range you can buy a 4-5 house.
Not my taste though.
Typhoon sir,ur equation is still faulty.If 40k was rent a decade ago,then according to ur calculation 5 marla house should fetch 1 lacs plus today which is not the case.