Many housing societies that lie close to the new Islamabad International Airport have seen a dip in demand. This is mostly because of rumours that the new airport is going to be enveloping land from some housing societies for the airport’s future expansion. Despite all it has to offer, TopCity-1 has suffered from a drop in demand because of these rumours.
Well, I am here to straighten out the facts for you. TopCity-1 is one of the most sought after projects in the area, and for good reason. The project currently comprises eight blocks, i.e. A, B, C, D, E, F, G and H. Block B investors have already been given possession, while development work is underway in Block A, C and D. Dynast Associate, the muscle behind the project, is also planning to launch new blocks i.e. I, J and K. It is expected that 10-marla and 1-kanal residential plots will be launched in the new blocks.
The developer has submitted a new master plan for approval to the concerned authorities because of changes that are needed in the older blocks.
TopCity-1 has all the ingredients of a good investment, but the rumour mill has hurt sale-purchase activity. The reality is that the new airport does not affect the society at all. Those planning to invest here can make their move without any worries. Click here to read more about the rumours in question.
No-objection certificates (NOCs)
Dynast Associate has already obtained NOCs from the Rawalpindi Development Authority (NOC# PHS/86/113) and the Civil Aviation Authority (NOC# P/C-961).
Development Status
Development work is underway at a good pace in Blocks A, C, and D. In Block A, ground levelling has been completed, and the developer plans to work on sewerage infrastructure next.
In the past, there were some issues when land was being acquired for Block A, but the situation has been resolved. TopCity-1 has complete possession of the land that it has put up for investors.
Development work is 50% complete in Block A, 80% in Block C and 60% in Block D. It was expected that the developer would hand over possession in Blocks A, C and D in February; however, because of changes in the master plan, possession will now be granted later.
Property prices
TopCity-1 features 5-marla, 10-marla and 1-kanal plots in different blocks. It also offers 4-kanal plots for farmhouses in Block G. Have a look at the table below to get an idea of the current prices:
Plot Types | Price Range |
5-marla | PKR 2,700,000 to PKR 3,000,000 |
10-marla | PKR 4,500,000 to PKR 6,500,000 |
1-kanal | PKR 6,500,000 to PKR 9,500,000 |
4-kanal | PKR 20,000,000 to PKR 22,250,000 |
Where is the land at?
According to Shiraz Manzoor from Pak Associates, an additional 2,800 kanals will be acquired for the new Islamabad International Airport. This land will be acquired in the Pind Rajha area, and TopCity-1 will not be affected by the acquisition.
I am expecting property prices to shoot up once the new blocks are launched, and the new airport is inaugurated (the date for which has been set for August 14).
That’s all about TopCity-1 for the day. If you want to add something to the information I have provided in this post, feel free to do so in the comments section below.
This was an excellent update, Zain sb. Being a plot owner in Block A of Top City 1, I was a little worried but feeling much better now. Thanks to you.
Respected Zain Nadeem. If CAA is purchasing land in Pind Ranjha for 3rd runway then definitely few blocks of Top City will come in the funnel / approach area and these areas would be under the restriction of 7 KM for construction. Not only Top City but some portion of PECHS might come within 200 yards.
Mr. Zain Nadeem,
This is Kamran CHoudhri,
I have a question here what are the property Investor (buyer) rights when they purchase some property on recommendation from Authorized Property dealer of Zameen .com .
What IS moral and legal obligation on part of Property authorized registered company or person , I mean how they protect Investor Investment and trust.
and if one see a breach in such a trust how to act.
Awaiting a prompt response and reply ASAP
Kamran Choudhri
03008248433
Have you ever visited Top City-1 yourself. I have visited a week before, the picture aboe is the only picture to be shown rest of the area is still under construction and I saw long long wilderness everywhere with few trucks.
Respected Zain Sahib,
As mentioned by Muhammad Ahmad Sb above, Top city land is safe from acquisition from CAA. But some part of E & F would definitely fall in 7 Km funnel zone of third runway (which is 300 meter wide).
This article shows google maps analysis of the area:
http:// estatepak. com/new-islamabad-airport-third-runway/
Hopefully security situation improves and 7 Km restriction for funnel area (marked as no structure zone) is removed. Till than, this area may have see some period of low trade activity.
Sir one of the rumors include that the interchange from kahsmir highway for top city will be cancelled and access road will be from fateh jang road .Can u clarify that ?
Asalamualaikum, dear Mr. Zain Nadeem.
Thank you very much for sharing the useful information pertaining to addition of New Blocks in Top City-1 Project.
I would like to apprise you regarding the suddenly increment in the rates of above said Project which is due to inauguration of Metro Bus Station. Any if, the scheme of Metro Bus service station is stopped in future, then, the rates of the aforementioned Project will be definitely decreased.
Please throw some light on above said matter.
Thanks & Best Regards;
Shahid Hussain Chachar
Asalamualaikum, dear Mr. Zain Nadeem.
Thank you very much for sharing the useful information pertaining to addition of New Blocks in Top City-1 Project.
I would like to apprise you regarding the suddenly increment in the rates of above said Project which is due to inauguration of Metro Bus Station. Any if, the scheme of Metro Bus service station is stopped in future, then, the rates of the aforementioned Project will be definitely decreased.
Please throw some light on above said matter.
Dear Zain
What’s the society policy for the plots already purchased by investors , will they allocate another plot in new blocks or society will not entertain any investor as CAA will acquire the land and will pay the owners a small amount .
wili u please tell us about fazayia TARNO ? PRICES ETC .
What is happening with this TOPCITY-1. It has hardly been 7-8 months and now it all seems like another addition to the huge list of scam housing schemes in Pak.
Feel free in correcting me or providing more information about this housing scheme. How much is the safeguard for people who have already invested?