The inauguration of the New Islamabad International Airport has been delayed a couple of times in the past due to improper planning and mismanagement. The project missed two deadlines in October and December 2016. You can read more about the issues that kept the facility from becoming operational last year by clicking here.
As of late, things seem to be changing as Prime Minister (PM) Nawaz Sharif is more interested in inaugurating the project during his tenure. On January 19, 2017, Federal Planning Minister Ahsan Iqbal talked to the press from the premises of this facility, stating that the PM will inaugurate the New Islamabad International Airport this year on August 14. According to Iqbal, the inauguration would be a gift from the PM to the nation on the 70th Independence Day of Pakistan.
Iqbal couldn’t help mentioning how difficult it has been for the government to continue with development work on the new airport, which had genuine flaws. The flaws included its poor design, bad road access, water shortage and problems regarding gas and electricity supply. He also threw light on how effectively the government has dealt with these issues and has added additional facilities such as a Category III runway instead of Category II, construction of 15 bridges instead of 9, installation of a new grid station, and laying down of a new gas pipeline.
Commenting on the current status of the project, Iqbal said that the airport is about 90% complete and the remaining 10% will be completed in another 7 months. In anticipation of the airport’s opening and also due to the addition of new link roads connecting the airport with Kashmir Highway, the neighbouring housing societies have been witnessing a constant rise in demand and rates of property.
During the last few months, a prominent rise in property prices has been seen in Faisal Town, Shalimar Town, Top City-1 and Mumtaz City. Real estate experts expect that property rates in the mentioned society as well as several others located in close proximity to the new airport will see a further 25% rise in rates in the next 5 months.
If you have been a bit laid-back because of the taxes and have been conscious about investing in real estate lately, I think it is now time to get in to action. If you have any particular plans in this regard that you can share with fellow readers of the Zameen Blog, feel free to share your views in the comments section below.
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D-17 selling prices to be affected? Should one wait till the inauguration for prices to rise significantly?
THIS AIRPORT SHOULD BE INAUGRATED BY AIRFORCE CHIEF OR ANY OTHER FIGURE NOT INVOLVED IN ANY CORRUPTION. NAME OF THIS AIRPORT SHOULD REMAIN “ISLAMABAD AIRPORT”.
What about F-17 T&T?
I am also interested to know the possible impact on D-17
I have a plot of 1 kanal in the Asia Housing Society ( may be called Kashmir Housing Siciety) at Chakri Road, Rawalpindi. Is this area affected by the construction of airport or is close to the new Islamabad International Airport? Thank you.
How about prices of closest society PECHS
I can understand expected rise in plot prices of TC & MC. But how FT is gona get benefit of link road between Islamabad and airport? Biggest drawback of FT is motorway toll, which TC and MC do not have. FT also does not have metro station nearby. So, my opinion is FT will not see price hike due to airport or metro.
Is a gift of PM to the nation?
A national which is crying out for clean drinking water, electricity, gas for cooking, a nation in which poverty, class disparity, inequality and crime are rampant and lacks quality healthcare, education, environment and safety, the PM delivers what he considers a gift of a freaking airport?
This is solely a gift of his Punjabi buddies to move in and out of the country with ease. Which gets you thinking our national carrier PIA is drowning, no mention to save it or any other provinces.
Is there any chance that G-14/1 will be affected with new development?
Dear Samra,
Foreign Office Employees Cooperative Housing Society adjacent to I-16 is a fully developed Society, what is your view about the Society in the light of your above written news item concerning the inauguration of the New Airport for Islamabad.
The society looks close enough to benefit from the development activities currently going on in the neighbourhood.
i have booked one plot in Motorway City (located around 5 kms from new airport). link road is also expected to develop in a year or so.
how are the prospects for its future. should i sell it or keep it?
regards, and waiting for advice.
I have a plot in Motorway City of Qazi Enterprises. its around 5 km from new airport. a link road is also expected within a year.
please advise, should i sell this plot or keep it expecting its future prospects.
regards.
What is the future of Faisal Town. It has access through a very small road which is always jam due to heavy traffic.
NO INAUGRATION BY NAWAZ SHARIF.
Dear Samra,
Thank you for your valuable information, do you have any information about the interchange on Kashmir Highway linking to ToP CITY?
just want to know if Top City and Mumtaz city have direct access from Kashmir Highway?
Hello Ms.Samra,
I just want to know if there is any interchange planned to get access to top city and mumtaz city from Kashmir Highway, any news on that if these two societies will have direct access to Kashmir Highway?
if someone else have this information, please share
Yes, there is one and it is expected to be inaugurated soon. You can get the latest details from Shiraz Manzoor at +92-333-555-5626.
Dear Samra!
After inauguration of this new airport, is there any chance to rise the rates of Enginerring cooperative housong society significantly?
Aoa. An excellent analyse as ever, surely opening of airport will boom real state activity. Please also assess PAF Housing colony on main Fatahjang Rd. I guest its well reputed society and so many houses are already constructed. Please advise is it worth investing there???
Thxs in anticipation
Are there any commercial land available for sale close to airport?
Yes ICHS Expressway has some commercial plots available on 162′ Main Boulevard and is the right time to take advantage of this opportunity. ICHS Islamabad Cooperative Housing Society is around 3.5 km from new Islamabad airport.
Will B-17 Multi-Gardens benefit from the opening of the airport
Will prices in B-17 Multi Gardens benefit from the opening of the airport?
Hello Samara
Which society you suggest for investment in Islamabad. I am in overseas. Please reply I want to invest nearly 30Lacks
need latest news about properties near n. a.port
Dear Samra,
You may know that minimum price of 5 marla plot in University Town as at 20th Jan 2017 morning was around 8 Lac however it became double (i.e. 16 to 17 lac) in just 3 to 4 days. The main reason of raise in price was because of the latest news re new international airport, metro bus service etc. In coming weeks/months, it is highly expected that the prices will further go up in University Town so best time to invest in this society.
Regards,
Adeel
Dear Samra
after the opening of airport the plot price of AWT D18 will increase how much ?
What ‘ll be the impact of opening of new airport on PECHS?
What ‘ll be impact of this news of opening of new airport on P.E.C.H.S.
What ‘ll be impact of this news of opening of new airport on P.E.C.H.S
What ‘ll be impact of this new on PECHS?
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Samra it still isn’t a safe bet until u see an airliner land on its runway. With such a close deadline of this Aug 2017, they should have attempted to land one by now however despite the upgrade from Cat 2 to Cat 3, no attempts were made as yet.
However at the moment what you can bet for is this deadline too will jump. Do pardon my pessimism upon this project but i am familiar with the area & also stating upon technical grounds as how things works with airports.
Nice article & well written 🙂