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CDA Sectors around new Islamabad Airport

Posted by mimran on November 29, 2017
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CDA Sectors around new Islamabad Airport

CDA Sectors around new Islamabad Airport So far, we have only talked about popular private housing societies benefitting from the inauguration soon to take place of the new Islamabad international airport. Today, we are giving you an insight into the Capital Development Authority (CDA) sectors, which in Zone II, have been allotted to different departments to set up their cooperative housing societies.

Current status of cooperative societies

The CDA has allocated land to the management of these cooperative housing societies essentially because the civic body doesn’t have enough resources to manage these sectors on its own. By allowing different departments operating at federal level to set up cooperative housing societies in these sectors, the CDA extends help to their employees to avail buying land at special rates, said Marwat. Once these societies are close to 70 per cent occupied, the CDA will take over the administrative role, he added.

Here are the popular cooperative housing societies in Islamabad’s Zone II where buying property today will make you the owner of property in a future CDA sector.

G-15 or Jammu & Kashmir Cooperative Housing Society (JKCHS)

It is located on Kashmir High near GT Road Interchange on Islamabad Motorway Link Road with Peshawar Road and GT Road running through it. It is conveniently close, yet a safe distance away from the new airport facility and the Islamabad-Peshawar Motorway M-1.

JKCHS is 100% developed with property possession available throughout the project. It features 8-marla, 10-marla, 14-marla, 1-kanal, 24-marla and 2-kanal residential plots.  The society has some litigation issues. Buyers interested in the society to deal through a reliable agent in order to make sure that they only buy plots in areas that have been cleared. Here is the current rate of residential plots.

Plot sizePrice range
8-MarlaPKR 6,500,000 – PKR 9,000,000
10-MarlaPKR 8,500,000 – PKR 11,500,000
14-MarlaPKR 10,000,000 – PKR 15,000,000
1-KanalPKR 12,500,000 – PKR 20,000,000
24-MarlaPKR 15,000,000 – PKR 21,000,000
2-KanalPKR 23,000,000 – PKR 30,000,000

G-16 or Ministry of Interior Cooperative Housing Society MICHS

It is located adjacent to JKCHS and is comparatively smaller in size. The same road network that benefits the residents of JKCHS also makes G-16 an equally attractive place to live. The airport’s distance from here is comparatively shorter, which is a major reason why it attracts buyer.

Despite the fact that property possession is not available throughout the society, property rates here are almost the same as that of residential plots in JKCHS. However, the NOC for the society has been cancelled lately since its management failed to comply with the CDA rules. As soon as they do so, the CDA will retrieve the NOC for MICHS, said Alvi, who believes that rates here will drop marginally in the meanwhile.

The options available in MICHS in terms of plot size are comparatively few as the society only features 8-marla, 10-marla, 14-marla and 1-kanal residential plots. Here are the rates of residential plots .

Plot sizePrice range
8-MarlaPKR 7,000,000 – PKR 9,000,000
10-MarlaPKR 8,500,000 – PKR 15,000,000
14-MarlaPKR 10,000,000 – PKR 14,000,000
1-KanalPKR 13,000,000 – PKR 18,000,000

B-17 or Multi-Professional Cooperative Housing Society (MPCHS)

It is located in the eastern edge of Islamabad Capital Territory along the Islamabad -Peshawar Motorway M-1. Compared to the other two societies we discussed above, the distance between B-17 and the airport is longer, and that shouldn’t be a problem because the extensive road infrastructure here connects everything important together.

The society is about 80% developed with possession available. It has eight blocks; Blocks A, B, C, D, E, and F. Block A is 90% developed, Block B and C are 100% developed and Block E is 80%, while the development is complete in Block E by 20%, which also has some litigation issues. At the moment, Blocks F and E are seeing development work. The development work in the extensions of Block B and C i.e. B-1 and C-1 is expected to be completed in one year.Here are the rates:

Plot sizePrice range
8-MarlaPKR 1,800,000 – PKR 3,700,000
10-MarlaPKR 2,800,000 – PKR 5,000,000
14-MarlaPKR 3,500,000 – PKR 7,000,000
1-KanalPKR 4,500,000 – PKR 11,000,000

 

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