After dealing with the impediments faced in the development of the disputed Kuri Model Village project, the Capital Development Authority (CDA) has finally taken up the construction work again and started taking possession of land. The civic authority has started razing built-up properties in the area to clear it for progress with the development work.
This is the second big step taken by the CDA in recent days, as it had also just started development work in the long-delayed Park Enclave project. According to a news source, the scheduled development in Park Enclave had fallen three years behind the deadline. My sympathies are with the Park Enclave investors, let’s hope that the development work will progress on priority basis.
In a recent meeting of the CDA Estate Management Wing with the CDA chairman in the chair, the impact of Park Enclave’s launch was discussed and at directions were given for possession of land in the Kuri Model Village. Almost 10 built-up properties in Kuri Model Village were demolished on October 17, which gives us the impression that the authority is really serious about the development work this time around. Fingers crossed.
We also learned that compensation payments would be made soon to affectees who will hand over possession to the CDA and will allow the authority to demolish their built-up properties. Not only that, they will also be given plots in the Kuri Model Village.
What woe for investors that the CDA had acquired 2,900 acres of land more than a decade ago, however, the landowners had not handed over possession, and the matter remained at the discretion of courts for a long time.
After the disposal of litigation issues in the court, the development work has finally started and the CDA seems to be taking concrete measures for the resurrection of its stalled projects including Park Enclave.
With this news, we can expect the prices of properties in Park Enclave and Kuri Model Village to display an uppish trend and activity to revive. If you have any stakes in Kuri Model Village and Park Enclave, please use the comments section below to tell us your views on this very recent and an significant initiative taken by the CDA.
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Any progress in E-12!!
Assalam o alaikum,
Dear Mr Masood,
I shall update you about the status of E-12 shortly, inshaALLAH.
Regards,
zain Nadeem
Assalam o alaikum,
Dear Mr Masood,
According to my source of information, there is no development in the E-12. They bulldozed the land before Eid, however, actual development work has not been started as yet. The plots have been balloted. And a 4-marla plot ranges between Rs 3.2 million to Rs 3.5 million, while you can procure a 7-marla plot for Rs 7 to 8 million.
I also got to know that sale/purchase activity is also slow in the locality.
If you have any other query, please feel free to ask.
Regards,
zain Nadeem
Kindly update me about f-17/2 T&TECHS Scheme. Despite new committee the development work is not keeping pace and the promises made by the Executive Committee to hand over the plots have thrice went past the expected dates of handing over the plots.
Assalma o alaikum,
Dear Mr Rizwan,
I shall update you about the mentioned development shortly, inshaALLAH.
Regards,
zain Nadeem
Assalam o alaikum,
Dear Mr Rizwan,
According to y source of information, Half of the F-17/2 is developed, while development work is underway in the other half. I also got to know, that there is a Jamia Mosque and a school there.
Main road, where there are 1-kanal plots, has been developed, while other small roads are also being constructed. The society already has approvals for gas and electricity, and the developer is offering underground electrification there.
Regards,
zain Nadeem
Price of plots: As per prices are concerned, there was a boom in the society some time ago, however, the prices witnessed a drop recently.
Now the asking price of 1-kanal plots in F-17/2 is nearly Rs 7 million, while it is actually actual selling price ranges between Rs 6 million to 6.5 million.
Rest ALLAH knows better.
Regards,
zain Nadeem
Assalam o Alaikum
Thank you very much brother for updating. What is your insight about future prices in this society, I mean, is that fine to hold my stake?
Assalam o alaikum,
Dear Mr Rizwan,
My personal perception about this society is quite positive. The prices dropped a bit recently, but i think, the will shoot once again in future. InshaALLAH.
Part of the price fall can also be attributed to the political unrest in our country.
Rest ALLAH knows better. Do you want to invest here?
Regards,
zain Nadeem
Dear Mr Rizwan,
According to my source of information and perception, it is wise to hold the stake, but i also suggest you to visit the society yourself, and talk to a few agents there to better understand the ground realities.
Best of luck, stay tuned!
Regards,
zain Nadeem
Dear Mr Zain,
thanks for updating. My father have plot in E12/3 40×80, so he want it to sell it and reinvest the money again. so guide me should i sell this plot now or wait for more appreciation in price…
Thanks
Masood
Assalam o alaikum,
Dear Mr Masood,
Since the pace of development is slow in E-12, i suggest you to sell the plot and invest somewhere else. The development status of E-12 is not clear, and secondly, i was reading it lately that CDA was already going through a financial crunch.
So, my opinion to you is to sell this plot and liquidate your investment.
You may ask some other experts in the market before taking any step.
Rest ALLAH knows better.
Regards,
zain Nadeem
And as per appreciation of price is concerned, the prices usually go up with the pace of development, and development in E-12 is not being proceeded in a good way.
Regards,
zain Nadeem
I may be moderately interested in buying your plot in E 12. If interested , please contact me. Perhaps we can both benefit by making a direct deal.
here is my number 03334514477
Hi Zain,
I know its out of context to inquire about Bahria Enclave 1 here but may be its in context also because Kuri Model Village boundary touch BE1. Can you check through your sources regarding possession of BE1, i have a 10 Marla plot in Sector F and is waiting anxiously for the possession as i have to construct house soon. I am presently living in a Govt house and my father’s retirement is due in 3 years time, do suggest to hold my plot in BE1 or sell it (In case possession is delayed ) and move to PWD or Pakistan town as i have only 2.5 years now ?
Regards
Ali Naqi
dear sirs/madam,
please provide some feed back on G14 Islamabad. is there any progress of development? G14/1 was not clear, is this still with slums people or cleared by CDA?
your prompt reply will be highly appreciated.
b.wishes,
ikram
Jeddah, Saudi Arabia
Respected Mr Ikram
G-14/1 is a part of village and it has not been clear yet. as It looks will not be cleared soon in near future. its much better to purchase in G-14/3-4.
If you need any further assistance kindly feel free to contact any reliable person.
wish you best of luck for your investment.
Awais Faisal
Assalam o alaikum,
Thank you for your input.
Regards,
zain Nadeem
MANY THANKS for your reply.
ikram
jeddah
Dear Zain,
what about G-14/1? any development started there? what are the prices for 8 marla residential ploat?
thank you!
Asim
Assalam o alaikum,
Dear Mr Asim,
According to my source of information, there is no development in G-14/1, and we cannot say anything with certainty about the inception of development work there.
Regards,
zain Nadeem
Dear Zain,
Please update about sector G-14/1 and its future.
Regards,
Tasawar
Assalam o alaikum ,
Dear Mr Tassawar,
No development work in G-14/1 as yet. Only G-14/4 is almost 80 per cent developed, and people are even living there. However, G-14/1 has no signs of development in the current scenario.
Regards,
zain Nadeem
Please , tell me about rates of different plots at kuri model village . thanks
Assalam o alaikum,
Dear Mr Shahzad,
I am not really sure about the exact prices of properties in Kuri Model Village in the current scenario. However, considering that the development work has been started there, the prices may take an upward trend.
Rest ALLAH knows better.
Regards,
zain Nadeem
Dear Zain Sb
I would support question asked about Multi ROS plots. Please Give Detail Answer. what current rates out there for residencia plots and near future trands and development statuse, please. Your opinions are fair and based on honest judgment else one have to decide its own. thanks
Assalam o alaikum,
Dear Mr Nasir,
I shall try to do a post on Multi Residence and Orchards, but according to my research, per marla rate hovers between Rs 65,000 to 80,000.
However, these stats are based on a small research, so there could be some difference in the per marla rates quoted.
Regards,
zain Nadeem
dear zain
asa
it is really very pleasing to know about development in park enclave.kindly let me know about current prices of 201 to 220.what will be the best time to sell plot in park enclave.in your opinion what will be maximum cost of plot in next 06 to 12 months
Wa alaikumussalam,
I am sorry, i could not understand “201 to 220” part of your question. Could you please elaborate it further?
I don’t think this is the time to sell your plot in Park Enclave because the development work is in progress. Let the work get completed, and then decide on selling or keeping the plot.
Regards,
zain Nadeem
And we should expect to see the prices rising in 6 to 12 months, inshaALLAH.
Regards,
zain Nadeem
Hi,
I want to know about sector B 17, F-Block. its price is going minus,can you guess its future, when its balloting will start and when prices will go up again?.
thanks
Assalam o alaikum,
Dear Mr Waseem,
You are right, the rate in F Block B-17 is going in minus. You can get an 8-marla plot for Rs 2.4 million. However, initially, you have to pay Rs 560,000-40,000 = Rs 520,000.
Regards,
zain Nadeem
Walykumusalam,
Dear Mr Zain Nadeem,
I have paid 560k+185k=745k , What do you suggest me?. Should I sell it or keep it and wait for the price up again?. And what do you think when balloting will start for F Block B-17, if you have any internal news and why its price is going minus?
Yours Sincerely
Waseem
As per drop in price is concerned, the real estate sector on the whole has witnessed a price drop recently. And may be the political unrest in Pakistan is one of the reason.
Personally, i think that the prices would go up after political stability in our country.
Regards,
zain Nadeem
Aoa,
can i have an update on capital residencia E-11/4 what is the market price of green line and red line tower and what is the expected growth?
Thanks
Wa alaikumussalam,
Currently, the rates in E-11/4 are currently very high. A 10-marla plot prices Ranges between Rs 1.5 crores to Rs 2.25 crores, according to my source of information. Plus, the rental prices are also high in the area.
Regards,
zain Nadeem
Your detailed information and suggestion is worth reading. I have invested part of my money in B-17 sector F and New City Phase-2 in Wah. Looking to invest around 2.5 MILLION, out of which PKR. 1 Million as down payment and rest in convenient installment options. . Which society do you think is better to invest right now? Thank you very much for your previous replies.
salam
Mr Ali I read your question about your plot in sector F BE1. respected sir as you know that all the investment of investors has been taken to Karachi project it is not looking to get develop in near future. Its much better to sale your plot and move around pwd Pakistan town or even media town is one of the best options available now a days. In the longer run if you can hold the plot, it will definitely be a profitable transaction for you.
If you need any further assistance kindly feel free to ask.
I wish you best of luck for your investments.
Dear Zain,
Kindly update me the prices of 30 X 60 file prices in Multi Residentia and Orchards. Also update me that should I retain the property or sell it?
Assalam o alaikum,
Dear Mr Shoaib,
Per marla rate in Multi Orchards and Residencia ranges between Rs between Rs 65,000 to Rs 80,000, based on my small research work.
However, i am planning to do a detailed post on Multi Orchards and Residencia.
Stay tuned!
Regards,
zain Nadeem
Dear Mr Zain first off all hope you are fine if kindly share me same information about the Kuri Model Village society what is the price of 5-7-8-10 marla plots there and what is status of the location where is the exact location of the society is the plotting still going on or its already distribute the plots is it in cash price or its installment
Sincerely yours
Dost Mohammad Wafa
Assalam o alaikum,
Dear Mr Dost Muhammad Wafa,
Mr Awais Faisal has shared some information about Kuri Model Village below. Kindly read it. Let me know, if you still have to ask something.
Regards,
zain Nadeem
wassalam.
Mr zain kindly provide me your email address as you are aware about the real estate market in Islamabad. it would be great to ask you. Being a real estate consultant I want to thank you for your services to the people and assisting clients to the right direction.
Regards
Dear Mr Faisal,
You can Email at: zain dot nadeem at zameen dot com. And thank you so much for appreciating.
Regards,
zain Nadeem
Respected Mr Dost Muhammad
for now the rates are from 10 lacs to 15 lacs depending upon the exact file as other are some problems that many plots has already been sold to other parties on the earnest money.
If you purchase a plot from the allottee you have to pay half amount as the earnest money and the rest of the amount will be paid on the transfer.
Location of kurri
going from serena to shehzad town islamabad. kurri is right across shehzad town. The road going to kurri goes all the way to bahria enclave.
so its on a key location that its hardly 5kms from islamabad club and minutes away from bahria.
its a junction around societies like bahria,park enclave.
I hope you understand everything.
In case you are willing to know more about it, you are welcome to call or email.
Regards
Awais Faisal
03005544655
03215007771
Scorpio_faisal25@Hotmail.com
Assalam o alaikum,
Dear Mr Awais,
Thank for contributing and giving your insight into the Kuri Model Village.
Regards,
zain Nadeem
I may be moderately interested in buying and selling in Media Town Islamabad near Bahria Town .
If interested , please contact me. Perhaps we can both benefit by making a direct deal.
best Regard
Waseem Khan
Rising Associates
03008565681
Dear Mr Waseem Khan,
Thank you for being a part of this discussion.
Keep posting!
Regards,
zain Nadeem
Dear Mr Nadeem,
Hope you well. Thank you for updating us the situation up there in islamabad. You realy doing a great job. I have some plots in D17, D18, B17, E17 F16,F17, DHA Valey overseas block and Bahria enclave. What are the future of these sectors. Which plots should i keep and which should i sale. Whats are the prices there now a day’s. I want to throw little bit money in some sectors of islamabad which gives me a good return in 2 to 4 years, in this case, what sector you suggest me. Kindly give me a brief idea.
Thank you
Aamir Khan
Uk
Assalam o alaikum,
Dear Mr Aamir Khan,
I need to do my research on the localities mentioned in your query. Kindly give me some time, so that i could gather information and provide it to you.
Regards,
zain Nadeem
Respected Mr Amir
I have been dealing some of these sectors from many years and I want to give you my opinion about what to keep and what not.
D-18
If you keep the plots for about 2-4 years it will pay you back. Main key point is the interchange which was supposed to be opened by last year but they keep on delaying the opening as I came to know that their is a stay order taken by the court not to give awt access from the motorways. So its better not to bound your money.
D17
Margalla view housing scheme is a good society having a lot of potential now and in about next couple of years as it is on a better location than D18. Also 1 kanal in Awt is 50*90=500sq yards whereas in D17 one kanal is 60*90=600sq yards.Also their is not a single house built in Awt whereas in D17 we have a huge living which makes it further secure for living.
F-16
The society has not purchased the land of F-16(1-2-3)
Its a sector which is not in possession by the society and has no future plus couple of years back the society has imposed the development charges around 3-5,000rs/ square yard so its a dead investment where you don’t have any hope of outcome in near future.
Bahria Enclave
Its going downwards but in near future it will pay you back. its a great investment though for some reasons rates have fallen down it will definitely give you a handsome profit ..
DHA Valley
This is the right time to sale the plots its development is not expected in next 10 years as I know about it.
B-17
Multi professional society has a great respect about its clients. After Bahria Town its development is the best development so I will never suggest you to sale it for now at least. Same is the case with F17. Its a project of Multi professional so keep these plots.
I hope this will help you. whereas im also looking forward a helpful reply from Mr zain.
Regards
Awais Faisal
Inter Home Real estate and builders
03005544655
Dear Sir,
Please update CDA 1-15 sector development status /update
Regards
Assalam o alaikum,
Dear Mr Abdul Khaliq,
I shall update you about Sector I-15 shortly, inshaALLAH.
Regards,
zain Nadeem
Respected Mr Amir
I have been dealing some of these sectors from many years and I want to give you my opinion about what to keep and what not.
D-18
If you keep the plots for about 2-4 years it will pay you back. Main key point is the interchange which was supposed to be opened by last year but they keep on delaying the opening as I came to know that their is a stay order taken by the court not to give awt access from the motorways. So its better not to bound your money.
D17
Margalla view housing scheme is a good society having a lot of potential now and in about next couple of years as it is on a better location than D18. Also 1 kanal in Awt is 50*90=500sq yards whereas in D17 one kanal is 60*90=600sq yards.Also their is not a single house built in Awt whereas in D17 we have a huge living which makes it further secure for living.
F-16
The society has not purchased the land of F-16(1-2-3)
Its a sector which is not in possession by the society and has no future plus couple of years back the society has imposed the development charges around 3-5,000rs/ square yard so its a dead investment where you don’t have any hope of outcome in near future.
Bahria Enclave
Its going downwards but in near future it will pay you back. its a great investment though for some reasons rates have fallen down it will definitely give you a handsome profit ..
DHA Valley
This is the right time to sale the plots its development is not expected in next 10 years as I know about it.
B-17
Multi professional society has a great respect about its clients. After Bahria Town its development is the best development so I will never suggest you to sale it for now at least. Same is the case with F17. Its a project of Multi professional so keep these plots.
I hope this will help you. whereas im also looking forward a helpful reply from Mr zain.
Regards
Awais Faisal
Inter Home Real estate and builders
03005544655
Thanks for reply on MPCHS (ROS)
Waiting your detail response for ROS and CDA series C, F and E sectors near new airport (16,17,18,19) localities (refer to Amir Khan and Abdul Khaliq inquiry 7 Nov. 2014)
Regards,
Nasir
Assalam o allaikom,
I have a plot in Bahria Safari valley,
I need guidance to build or sale.
Regards,
Farooq
Hello Mr Zain.
I would like to know about the future strength of the property in Bharah kao Islambad. I recently built a 1 kanal house to sell in university town bharakao and I also have 10 marla plot there. what do you suggest from a business point of view, is Bharakao a better place for real estate business? IF not then which other place has the best profit ratio on property and construction.
thanks
Dear Zain Nadeem,
What is the latest status of Kuri Model Village development & issuance of new allotment letters by CDA?
Will appreciate your response.
Thanks.
zain nadeem what do u think about model village kurri i want to buy plot is it save or few guys tolad me that here buying and selling is not fair
thank you
I think this I may be repeating as I am not sure my earlier comment got on board.
My Question what are Property Investor rights when he purchase property on advise of Property dealer one that is registered on zameen.com.
How to react if one finds out one has been ill advised purposefully on investment price ? and end up paying higher then market price and commissions .
a quick reply awaited regards
Kamran Choudhri 03008248433