Here’s some good news for the allottees of Sector F-16, a residential project by the Jammu & Kashmir Cooperative Housing Society (J&KCHS). If you were an allottee of Sector F-16, you must have waited anxiously for the development work to start in the locality.
Well, your wait’s over! The developer has now started development work in the locality, and in this regard an inaugural ceremony was held at a community centre in G-15 Markaz, Islamabad. State Minister for Water and Power Mr Abid Sher Ali was the chief guest of the ceremony, which was attended by the officials of Islamabad Electric Supply Company (IESCO), members of Sector F-16 and real estate agents.
According to the official website of J&KCHS, the developer has entered into a joint venture with IESCO to set up a grid station in Sector F-16. J&KCHS Secretary Mr Abdul Latif Qureshi said at the ceremony that development work in the locality would continue without any hurdles. He said the delays in the project were caused in part by non-payment by the defaulters, because of which other members suffered as well.
J&KCHS Chairman Mr Mushtaq Ahmed Minhas told the ceremony that he did not believe in blaming the former management of the society and expressed hope about the resolution of the problems the project’s members had faced.
The inauguration of development work in Sector F-16 is indeed promising news for the allottees. Considering the history of our real estate sector, we can carefully presume that the prices of plots in Sector F-16 can increase in future because of the initiation of development work.
If you are a stakeholder of Sector F-16 and have anything in mind to share with us, please feel free to do so in the comments section below.
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Asalam o Alekum, Dear Zain, can you please shed some light on J&KCHS zone 5 residential project near gulberg islamabad.is it worth investing in their zone 5 project as their prices are cheap and I am looking for long term investment.when will zone 5 project mature?is the developer sound and reliable?have they delivered their other projects on time? Your valuable feedback is highly solicited. Thanks.Afridi
Dear Zain,
Any update on F 16 development ? As this matter went into litigation with DC Islamabad and controlling body of housing societies in Islamabad. As per dealers of Jammu and kashmir society, they are continuously telling that development will start soon, the last time one dealer told me that development will start on 25th Nov but i don’t believe in this anymore.. Can you please get and share inside news please.
This case is with registrar societies now…
Any expected year like 2018,2019,…. that we can say that we can get possession
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Dear I have 35-70 plot in F16/3, and I bought in 2008, since 2008, we are hearing the F16 development shall start each after following months. I got update in last year September. So can you please advice me, where F16 position is standing now…
is there any benefit to invest in this society, and what are the chances of start development of this society. Need Valuable suggestion
I am interested in F-16/1. What is acquisition status of this society and what are current rate.
What is the fate of F16 section.