Future of housing societies: Islamabad is the capital city of Pakistan and is ranked as the 2nd most beautiful city in the world because of its mesmerizing surroundings and eco-friendly environment. Islamabad is also considered the safest city in Pakistan, making it an ideal place to settle.
Whereas, Rawalpindi is a huge metropolitan city that serves as the center of a lot of commercial and economic activity.
These two beautiful cities are adjacent to each other and jointly known as the “twin cities “. There is a noticeable increase in the number of real estate developers/buying agents in both the cities and the real estate market.
Due to an increase in Islamabad’s population, property demand is also rising. For more people, there is a greater need for homes, commercial plazas, infrastructure, and fundamental public services.
Future of housing societies
To fulfill the need several housing societies have been built in the twin cities and many are under development.
Housing Societies have grown incredibly important over time as a result of the fact that they offer sanctuary to urban residents and have become a real estate trend in Pakistan.
These Societies must, however, operate under the constraints of Local Development Authorities, who have a strict policy for approving requests.
The capital of Pakistan is also managed by a development authority known as CDA (Capital Development Authority).
A person who invests their entire life’s savings in a plot to build a house needs to think about a lot of aspects before investing, as is the case in Islamabad because according to a report, the CDA hasn’t issued a single completion certificate in many years.
Property051 has compiled a list of top housing societies in Islamabad and Rawalpindi in 2023, we will tell you everything about their legal status and give our critique.
Current NOC Status of housing societies in Islamabad and Rawalpindi with CDA, RDA, and PHATA approval, 2023
Due to its superior infrastructure and strong returns on investments, real estate investors place Islamabad and Rawalpindi among their top priorities.
Here is a list of top housing societies in the twin cities that are in demand and offer good investment opportunities.
Park View city
Park view city is a notable housing project in the twin cities. It is a CDA-approved housing project in Islamabad and Rawalpindi and has also got clearance from RDA. The project is being developed by the vision group.
It is easily accessible from Park Road and is near Chak Shahzad. This housing complex offers top-notch amenities and ideal facilities.
Park View City is a vibrant housing development that has already been built to accommodate everyone’s needs, from homes and businesses to traditional Park View City apartments.
However, the development process was slow at the start but the developers made some changes to the plan, and the difference in progress can be seen. The main pullback of this housing society is that it is slightly more expensive than others.
Blue World City
In the center of one of the most beautiful capital cities in the world, Blue World City is a stunning gem.
The housing society is an opulent, cutting-edge construction close to the recently proposed Rawalpindi Ring Road and Chakri Interchange.
Blue world city offers its residents a quality life experience in a very affordable and convenient payment plan. This magnificent housing society has recently got its NOC approved by CDA and RDA.
Apart from all the eye-catching features and structures, the development progress of any society is a crucial concern.
Even though the development process started in 2019, and its already been 4 years since then but development is still in progress.
Also, accommodations are one other factor to be taken into notice because this society is far from the city and residents find it difficult to travel.
Bahria town has a massive name in the real estate industry of Pakistan. The Bahria town has now moved towards its next destination of twin cities.
Bahria enclave is primely located at Zone IV Jinnah Avenue in Islamabad. Bahria Enclave-NOC has already received CDA approval.
This housing society has a bright future not only because of its location but also because its NOC has been properly granted.
Bahria enclave offers its opulent top-notch amenities and a modern living experience with great value for money. The magnificent housing complex is divided into 15 and is near many famous landmarks of Islamabad.
Bahria is well renowned in the real estate industry among all and often made it to highlights for being involved in political scandals that shake up property prices quite usually. Bahria enclave is comparatively much more expensive than other housing complexes in Islamabad but remember that it is always high in demand.
RUDN is one of the latest housing projects in Rawalpindi that is going to be one of the best housing projects in the twin cities.
The housing community is ideally situated on Adiala Road, close to Bahria Town Phase-8, the M2 Motorway, the N-5 National Highway, and the Chakri & Thalian Interchange.
Although RUDN is on the list of Rawalpindi development authority RDA for Non-Objection Certificate the letter of approval is yet to be issued.
The development of RUDN Enclave is a collaborative endeavor between RMRSCO (Pvt) Ltd. and UDPL, two reputable urbanist organizations.
The residential society has all the characteristics that make it a sound and profitable investment, including infrastructure that meets international standards, and a reasonable payment schedule.
Since the NOC is yet to be approved so the housing is available on a very reasonable installment plan. The greatest disadvantage of this housing complex is that the location is far away from the city.
The main concern of the investors is about the development, RUDN’s development is in progress many visitors complain about it being slow however, the possessions are scheduled to start in 2024.
Kingdom valley is another magnificent housing project of twin cities. This NOC-Approved housing complex is being developed by a well-known name in the real estate industry in Pakistan, the kingdom group.
This luxurious, beautifully designed society is located at Chakri interchange and M2 Motorway. The society offers a budget-friendly payment plan and a 4-year long installment plan for investors.
The development is moving swiftly, however, some complain that the developers are more involved in promotional activities than development.
It is a long-term investment since the development work has only started in 2022, but the society offers guaranteed ROIs as it is approved by both CDA and RDA.
Let’s wrap it up
The investment options in the real estate market are expanding, and the future of the real estate market in Pakistan heading toward new trends putting money into investments will pay off in the coming years.
The market has been flooded with innovative new ideas that will undoubtedly alter the standard of living in the nation.
We have only talked about a few housing societies that are in high demand in 2023 and approved by the development authorities of CDA and RDA.
The demand of societies in Islamabad is increasing rapidly, however, buying real estate property without market research can be dangerous. Be aware of the fraudulent groups and unauthorized housing schemes in Islamabad and Rawalpindi.
Do thorough research or contact a real estate agent before investing your capital to stay safe from fraudulent schemes.
The Capital Development Authority (CDA) has directed multiple government-level entities to create names of illegal housing societies to facilitate legal action against projects and their owners.
To get guidance and to know more about investment options contact us or visit Property051’s official portal, you can also download the online app to get direct help without any hassle.
Our objective is to assist you in making prudent financial decisions that will last a long time and make your money worth it.