It is the dream of just about every Pakistani family to own their own house in Pakistan. Local and overseas Pakistanis alike tend to invest their hard-earned savings in this major purchase that signifies stability, prosperity, safety and comfort.
By purchasing your own house, you also save yourself from the hassle of paying rents. House rents in urban areas continue to rise at a rapid pace as more and more people flock to the cities in search of better employment opportunities and improved lifestyle. Home rent is regarded as a significant expense that can drastically sets back your budget.
Islamabad is the capital of Pakistan. It offers breathtaking landscape, high sense of security compared to other parts of the country, and an excellent lifestyle for your family. Your kids get access to quality education. You will find ample work opportunities. Business is also flourishing in different parts of the city.
Given these perks, it is only understandable that many families invest in a house in Islamabad. For the same reason, property prices in the capital city of Pakistan have continued to surge for the past decade or 2. Properties that were available for just Rs 30 lac in the year 2000 today can today be quoted in the range of Rs 3 to 4 caror and more these days.
This makes it very difficult for most families to realize their dream of owning a house in Islamabad. Many people eventually give up on their dreams and end up shifting to other parts of the country that are relatively more affordable.
That's also how the wheels of economy spin. Different people come across different opportunities in life, and you choose what seems best to you in the given circumstances.
But what most people may not know is that there are still a number of affordable ways of owning their own house in Pakistan's capital. For instance, a number of new residential projects have been advertised in the past few years with very attractive prices. For instance, Bahria Enclave I was launched in 2012. At the time, booking a 10-marla plot would only cost you somewhere around Rs 28 lakh. Just 3 years later, the same plot will cost you Rs 80 lakh today.
In some cases, previously staled projects due to corrupt practices of the housing scheme's management have been revived after scrutiny of the country's top audit and accountability institutions, such as NAB and FBR. In the same light, Senate Housing Society was first registered in 1996. To date, the society failed to realize maturity owing to corruption and funds embezzlement in the management body of the society.
A special committee constituted by the Senate of Pakistan was tasked to settle all matters relating to the society and take strict action against those found guilty of any wrongdoing. CDA was also hampering the development of the society. It wasn't issuing an NOC on the ground that the society did not have its own road access. The society's new management not only obtained NOC for road access from the neighboring Gulberg Islamabad, but also secured its private road access via Japan Road.
It joined hands with Fazal e Rabbi Enterprises that undertook the responsibility of providing the Senate Secretariat Cooperative Employees Housing Society (SSECHS) with its own private road access by acquiring new land for it. Fazal e Rabbi is a heavy investor group from Rawalpindi. Under the agreement, Senate Housing Society allowed Fazal e Rabbi group to develop the newly acquired land and market it as two new blocks of Senate Housing Society.
Located in Zone V (five) of Islamabad, price of property is expected to rise Senate Housing Society once the society hands over possession to its members. There is a lot of potential for investors in this society. In addition to the existing four blocks of Senate Housing Society that can now be procured below market rate, the price of new bookings in the newly developed two blocks by Fazal e Rabbi group are also very affordable.
Naturally, the two new blocks of Senate Housing Society will be nearest from the society's main entrance on Japan Road. They will also be the first to be developed by Fazal e Rabbi group. Given these reasons, it makes sense to invest in this project.
Japan Road runs from Islamabad Expressway, which is in the process of being upgraded to a 7-lane highway till Rawat. This will also have a very positive impact on property prices in the region. Senate Housing Society's new blocks are at 5-minute drive from Islamabad Expressway.
The price of new bookings is quite affordable. 7-marla plots (60x30) are being developed in the two new blocks. The total cost of the plot is Rs 12,50,000. Initially, investors must make downpayment of Rs 375,000, while remaining payment is to be completed in 6 quarterly installments of Rs 145,833. Possession of plots will be handed over in 1 year.
We will be happy to connect you with one of our real estate experts in Senate Housing Society. Please get in touch with us through the Comments form below or via the contact information provided on the right of this page.
By purchasing your own house, you also save yourself from the hassle of paying rents. House rents in urban areas continue to rise at a rapid pace as more and more people flock to the cities in search of better employment opportunities and improved lifestyle. Home rent is regarded as a significant expense that can drastically sets back your budget.
Islamabad is the capital of Pakistan. It offers breathtaking landscape, high sense of security compared to other parts of the country, and an excellent lifestyle for your family. Your kids get access to quality education. You will find ample work opportunities. Business is also flourishing in different parts of the city.
Given these perks, it is only understandable that many families invest in a house in Islamabad. For the same reason, property prices in the capital city of Pakistan have continued to surge for the past decade or 2. Properties that were available for just Rs 30 lac in the year 2000 today can today be quoted in the range of Rs 3 to 4 caror and more these days.
This makes it very difficult for most families to realize their dream of owning a house in Islamabad. Many people eventually give up on their dreams and end up shifting to other parts of the country that are relatively more affordable.
That's also how the wheels of economy spin. Different people come across different opportunities in life, and you choose what seems best to you in the given circumstances.
But what most people may not know is that there are still a number of affordable ways of owning their own house in Pakistan's capital. For instance, a number of new residential projects have been advertised in the past few years with very attractive prices. For instance, Bahria Enclave I was launched in 2012. At the time, booking a 10-marla plot would only cost you somewhere around Rs 28 lakh. Just 3 years later, the same plot will cost you Rs 80 lakh today.
In some cases, previously staled projects due to corrupt practices of the housing scheme's management have been revived after scrutiny of the country's top audit and accountability institutions, such as NAB and FBR. In the same light, Senate Housing Society was first registered in 1996. To date, the society failed to realize maturity owing to corruption and funds embezzlement in the management body of the society.
A special committee constituted by the Senate of Pakistan was tasked to settle all matters relating to the society and take strict action against those found guilty of any wrongdoing. CDA was also hampering the development of the society. It wasn't issuing an NOC on the ground that the society did not have its own road access. The society's new management not only obtained NOC for road access from the neighboring Gulberg Islamabad, but also secured its private road access via Japan Road.
It joined hands with Fazal e Rabbi Enterprises that undertook the responsibility of providing the Senate Secretariat Cooperative Employees Housing Society (SSECHS) with its own private road access by acquiring new land for it. Fazal e Rabbi is a heavy investor group from Rawalpindi. Under the agreement, Senate Housing Society allowed Fazal e Rabbi group to develop the newly acquired land and market it as two new blocks of Senate Housing Society.
Located in Zone V (five) of Islamabad, price of property is expected to rise Senate Housing Society once the society hands over possession to its members. There is a lot of potential for investors in this society. In addition to the existing four blocks of Senate Housing Society that can now be procured below market rate, the price of new bookings in the newly developed two blocks by Fazal e Rabbi group are also very affordable.
Naturally, the two new blocks of Senate Housing Society will be nearest from the society's main entrance on Japan Road. They will also be the first to be developed by Fazal e Rabbi group. Given these reasons, it makes sense to invest in this project.
Japan Road runs from Islamabad Expressway, which is in the process of being upgraded to a 7-lane highway till Rawat. This will also have a very positive impact on property prices in the region. Senate Housing Society's new blocks are at 5-minute drive from Islamabad Expressway.
The price of new bookings is quite affordable. 7-marla plots (60x30) are being developed in the two new blocks. The total cost of the plot is Rs 12,50,000. Initially, investors must make downpayment of Rs 375,000, while remaining payment is to be completed in 6 quarterly installments of Rs 145,833. Possession of plots will be handed over in 1 year.
We will be happy to connect you with one of our real estate experts in Senate Housing Society. Please get in touch with us through the Comments form below or via the contact information provided on the right of this page.
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