Housing societies are urban settlements that are developed by the government or private developers. These societies are meant to provide residential and commercial plots to new settlers of a city. Pakistan is undergoing a major real estate transformation. The current government has introduced a series of reforms and tax relief packages that are meant to document Pakistan’s real estate sector. Due to the current upward trend in Pakistan’s real estate market, there a myriad of new housing societies have sprung up. These housing societies are set to be developed by private developers and offer some of the best facilities.
Islamabad is currently abuzz with the launching of new housing societies. The city, like the rest of Pakistan’s other metropolitans, is also witnessing exponential growth in the real estate sector. Due to this uplift in the real estate sector of the city, the housing society business is booming. People at large like to invest in housing societies because of their affordability and easy installment plans. However, there are certain factors such as developer’s repute, regulatory development authority approval, and location, etc. that come into play when investing in a housing society. An ideal housing society should be RDA / CDA approved and the developer should enjoy a good reputation in the real estate market.
Here are some of the best residential societies to invest in Islamabad:
Park View City is a private housing society located in Islamabad’s Zone IV. This biggest advantage of this housing society is its great location. Park View City is located in the heart of Margalla hills on Malot Road and shares a boundary with the serene and picturesque Islamabad Botanical Gardens. The housing society is a mere 10-15 minute drive from Islamabad’s Blue Area and lies in close proximity of Bani Gala, Bahria Town’s Bahria Enclave, and CDA’s Park Enclave. Another advantage of Park View City is that it has an NOC from Capital Development Authority (CDA) Islamabad. Apart from this, the housing society is owned by Mr. Aleem Khan – a well-known politician and philanthropist of Pakistan.
Capital Smart City Islamabad
Capital Smart City Islamabad is being developed near the Thallian Interchange on Islamabad – Lahore Motorway M2. This housing society is set to be the first smart city of Pakistan. The housing society’s location is ideal because it has access from Chakri Road and M2 Motorway. This is currently one of the only housing societies in Islamabad that have an approved dedicated interchange from the motorway. Apart from this, Capital Smart City is being developed by Future Development Holdings – A sister concern of Habib Rafiq Limited HRL. HRL is a Pakistani real estate and urban development conglomerate that has delivered urban design and development projects for DHA, Bahria Town and Government of Pakistan. Being the first smart city of Pakistan, Capital Smart City is set to offer a modern infrastructure with state of the art facilities bundled with all civic amenities.