Senate Avenue Housing Society revises booking price of 7-marla plots

Demand and supply usually determine prices in the real estate sector while factors such as quality of the project, features being offered and the location also have an effect. Senate Avenue Housing Society Islamabad, a project of Senate Secretariat Employer Cooperative Housing Society (SSECHS), has recently reviewed the booking price of 7-marla plots being offered in Blocks E, F, G, and H because of high demand and limited supply.

Needless to say, the price has increased! According to sources, the society has a lot to offer, which is why the increase should be a source of joy for current investors and not a problem for future investors.

Before we begin to analyse the current booking offer, let me give you a brief overview of the society.

Background information

The Senate Avenue Housing Society was launched in 2005 as a project for members of the Senate. Plots were allotted to Senate employees on cash payment in Blocks A, B, C and D.

Now, plots in Blocks E, F, G, and H are also being allotted to the general public on instalments. However, they are also open for Senate employees on cash payment.

The current offer is a pre-launching offer that applies to 7-marla plots only. Please note that it is only valid for a limited time frame and prices are subject to change at the discretion of the developer.  Once the society has been launched officially, 10-marla and 1-kanal plots will also be available on instalments.

Location, features, and facilities

The society’s location is perhaps its biggest competitive advantage. Situated in the beautiful and serene Zone V of the federal capital, it has direct access to the Islamabad Expressway’s new 6-lane zero-signal zone. As most of the road has already been constructed, this allows immediate access to the society – you don’t have to stop at a red light!

The Metro bus service will also service this route, which is another major access point for the society besides other entry points through Gulberg Greens Islamabad. The lush green mountainous environment adds to the picturesque charm of the vicinity, and great educational institutions such as Mohammed Ali Jinnah University, University of Lahore (Islamabad campus), Beaconhouse School and Uswa College are nearby.

While enough has already been said about the location, it is still imperative to mention that the society is located near the beautiful Soan River and posh societies such as Bahria Town Islamabad, DHA Islamabad, ad Gulberg Greens, amongst others.

Facilities and amenities include parks, a community centre, green belts, a gym, masajid, and a commercial area. The society is also facilitated with LED street lights, carpeted roads, and underground drainage and gas systems.

Although the price has increased for the booking of 7-marla plots in the mentioned blocks, the society is still comparatively reasonable.

So what is the new booking rate for 7-marla plots? Read on to find out!

New 7-marla booking schedule revealed

The 7-marla plots measure 30×60 square yards and the revised price is PKR 1,500,000 with a down payment of PKR 375,000 required. Investors must then make 6 quarterly instalments spanning 1.5 years. Each instalment amounts to PKR 187,500.

For investors who wish to pay in lump sum, there is a massive discount of PKR 250,000, which brings the total price of the plot down to PKR 1,250,000.

While it currently sounds like a reasonable offer, prices are subject to change. Hence, all those interested might as well make the move now. Let me know what you think of this project in the comments below!