Nowadays, University Town Islamabad is a project discussed continuously in the country’s real estate market. Following the initial bout of curiosity surrounding it, it remained dormant (in terms of buyer/investor activity) for some time. It wasn’t long, however, before the nearby Islamabad International Airport became operational. This development further highlighted the location of University Town Islamabad – leading to an overall rise in property value.
Project description
Situated along the Kashmir Highway, University Town is visible from the Lahore-Islamabad Motorway (M-2). It also falls near the Islamabad Toll Plaza on the same road network. The project is comprised of six blocks: A, B, C, D, E, and F.University Town Islamabad’s location is close to some important sectors of the Capital Development Authority (CDA). Yet, the housing scheme is officially part of Rawalpindi. Therefore, the Rawalpindi Development Authority (RDA) oversees its affairs. The said civic body has also issued a No-Objection Certificate (NOC) for all the blocks of the society.
The University Town Islamabad map spans over 7,500-kanals. It features plots of 5 and 10-marlas, along with those sized 1 kanal.
For detailed information on the University Town Islamabad payment plan and prices in the secondary market, listings for plots for sale in this project are available on Zameen.com.
While development has been ongoing in other blocks, Block F is yet to be developed. Below, you can find all the details about the development and possession status of the project.
Project history
This housing scheme began its operations in 1992, but remained inactive for some time. The project started gaining popularity once the Islamabad International Airport’s inauguration began to approach.
The RDA approved the project’s town plan in December 2017: a positive development for genuine buyers. More interest developed as the Islamabad International Airport started its operations in May 2018.
Experts believe that comparatively low plot prices are the reason for the project’s popularity. The housing scheme also experienced a gradual but consistent price appreciation after inauguration of the airport. This was, of course, good news for those who had already invested here. Resultantly, this soon sparked increasing interest from other buyers and investors.
Development and possession status
Blocks A, B, and D are fully developed and ready for possession. If you buy a plot in these sectors, you can immediately begin constructing your home. Mr Inam Ul Haq from Classic Real Estate Agency stated that plots in Block A are also ready for possession – up till Street 24. The developers are not handing over possession for the rest of this block yet.
Block C is not ready for possession, and its commercial area is under development. Meanwhile, development work in Block E has reached 75% completion. Agents report that possession in this area will be available within the next four to six months.
Block F continues to remain minimally developed, so possession is not available yet
University Town Islamabad payment plan – Rates Update
The updated rates of plots available in this housing project are listed as follows:
Possession Blocks (A, B, & D)
· 5-Marla: PKR 2,000,000 to PKR 2,400,000
· 10-Marla: PKR 2,800,000 to PKR 3,500,000
· 1-Kanal: PKR 4,500,000 to PKR 6,500,000
Non-possession Blocks (C, E, & F)
· 5-Marla: PKR 1,000,000 to PKR 1,600,000
· 10-Marla: PKR 1,800,000 to PKR 2,500,000
· 1-Kanal: PKR 2,500,000 to PKR 4,000,000
Keep in mind that these rates have been presented in terms of an average range.
Investment opportunity
Mr Shahid Aziz of Deals & Deals Associates stated that demand is higher for plots in Blocks A, D and E, as compared to other project locations. Also, people are showing keen interest in the 5- and 10-marla plot options in these blocks.
Mr Haseeb Ur Rehman of Nova Marketing stated that 10-marla and 1-kanal plots are good options for medium-term investments.
However, 5-marla plots are the most popular option among buyers aiming to build their own homes. In this respect, Block A is the most popular sector. As per the map of University Town Islamabad, it lies in close proximity to the project’s entrance.
Therefore, for immediate home constructions, buyers should opt for Blocks A, B, and D.
The 5-marla plots are best for residential purposes, given ongoing buying trends. Meanwhile, buyers can expect high returns if they invest in 10-marla and 1-kanal plots in the said blocks.
Investing in Block E could also turn out to be a good decision. Rates here are currently low due to the unavailability of possession. The completion of 75% of development work means that prices will soon go up, making now the ideal time for investment.
For more updates on this project, stay tuned to Zameen Blog. If you have any feedback or queries to share, please let us know in the comments section below!
