Islamabad has been seeing a mushrooming of housing societies. These range from those targeting elite investors, looking for a place that caters to their lavish lifestyle, to those housing societies that aim at catering to the low to middle-income groups.
Aside from finances, one of the most important considerations investors keep in mind is where the housing society is located. No one wants to get stuck living miles away from civilization! That is why experts at Makeen Marketing deem Islamabad Model Town’s location to be ideal.
What is Islamabad Model Town?
Simply put, Islamabad Model Town is the newest residential venture of the Model Town Project (Pvt) Ltd. Its CEOs are Naveed Imdad and Malik Tahir who have masterfully planned this real estate project. This upcoming housing society is said to be the perfect blend of futurism and modern design.
An interesting fact is that while the company that is sponsoring this development project has created many residential projects all over Pakistan, it is also involved in the construction and development of Islamabad Model Towns neighboring project— the lavish and opulent—Park View City.
Islamabad Model Town offers an array of property types for its investors to choose from. You can purchase residential plots in different cuttings such as 5-marla as well as commercial plots in different plot cuttings. The best part of choosing to invest in Islamabad Model Town is that it offers investors the ease of opting to pay through installments.
Apart from Islamabad Model Town’s location, another factor that makes this a perfect investment opportunity is the fact that it has such a flexible payment plan. These payment plans are designed to ensure that investors get the maximum returns on their investments. As we mentioned, with the added ease brought on by installment plans, Islamabad Model Town is truly an ideal investment in the Islamabad real estate market.
Going into more detail, the housing society offers a 3-year installment plan that allows for a 10% down payment, as well as a 20% payment to confirm the payment of your plot.
This gated society has promise numerous amenities to its investors including shopping complexes, top-notch healthcare facilities,
Islamabad Model Town’s Location
Islamabad Model Town is located in one of the most strategic areas in the federal capital. It is located in heart of the city, just a couple of minutes away from Rawal Chowk and approximately 20 minutes away from the distinguished Serena Hotel.
Moreover, Islamabad Model Town’s location allows it to be in close proximity to the lush hills of Bani Gala. Thus, giving its residents the best of both worlds—being situated between the urban center as well as the serene countryside. The moreover, Islamabad Model Town is connected to Bahria Enclave as well, thus being able to tap into the existing commercial hub in the area.
We were not kidding when we said that Islamabad Model Town’s location was ideal. Read on to find out what kinds of luxuries this location affords the housing project and it is investors.
You may be wondering: what kind of advantage does Islamabad Model Town’s location give it? According to our habituated experts, Islamabad Model Town is in a position to avail of numerous benefits.
The housing society is located on Malot Road, near Bahria Enclave. Its master plan map reveals that the Islamabad Model Town connects with Simly Dam Road via its Main Boulevard. This essentially means Islamabad Model Town’s location offers it greater connectivity to the twin cities via the Simly Dam Road.
Apart from being at a few minute’s distance from Bahria Enclave, the housing society neighbors another esteemed real estate project. This significantly raises the land value of Islamabad Model Town and skyrockets the society’s popularity. It is no surprise that the creation of these three real estate giants will give rise to an economic and commercial hub— something that the residents and investors of these real estate ventures can benefit from.
Moreover, due to it being in such close proximity to Chak Shahzad, the property value of the housing society is even more exalted. It is because of Chak Shahzad that both Islamabad Model Town and Park View City enjoy the position of being integrated with both, the federal capital and Rawalpindi. Moreover, this may even lead to the creation of an economic/ urban bridge between the two cities.
How? Experts at Makeen Marketing believe that a cluster of housing projects in the area will inevitably give rise to commercial complexes to facilitate the needs of residents in the area.
In addition to all the aforementioned benefits, another perk of Islamabad Model Town’s location is the accessibility to, and the ability to harness waterpower supplied by the Rawal Dam. After 30 odd years, the Capital Development Authority, better known as CDA, has decided to extract 4 million gallons of water from the Dam. This will greatly alleviate the water issues experienced by areas all over the federal capital.
The benefits we have highlighted in this article are solid reasons as to why this up and coming housing society will go far in the Islamabad real estate market.
The fact that Islamabad Model Town’s location allows for a well-rounded lifestyle— urbanized as well as one in the tranquil countryside, is also a big plus for many residents. After all, who would not want to raise their family surrounded by lush hills and in a beautiful, economical, and environmentally-friendly society. This is why we strongly suggest you look into Islamabad Model Town as a viable investment opportunity.
Makeen Marketing has a host of august real estate agents who work tirelessly to ensure that their clients get the highest returns on their investment. This is why Islamabad Model Town is an investment option they suggest to clients looking to enjoy living near the city at affordable rates.
This article hopes to give the reader a holistic view of where the Nova City NOC stands as well as why investors place this no-objection document in such high regard.
Nova City Islamabad is one of Islamabad’s newest real estate ventures. In just a short amount of time, this housing project has turned the heads of every investor not only in the federal capital but nationwide. Consequently, Makeen Marketing has seen an influx of queries— the most prominent one being the Nova City NOC issue.
In short, the housing project hasn’t acquired its NOC as of yet. However, judging from the rapid upward trajectory this project has displayed, many speculate the Nova City NOC is underway. In just a few months, Nova City Islamabad has completed the construction of its main boulevard. This kind of fast-paced development is a good indicator of municipal organizations such as the TMA of Nova’s legitimacy.
The society has already received its PP1 approval— a strong indication that the Nova City NOC is soon to follow. Once the NOC has been approved, Nova City owners and developers will officially launch the housing society, along with its marketing phase.
The Nova City NOC is an important facet in determining how successful the society is going to be. This is one of the first things any potential investor will make sure of since it adds legitimacy to the housing project. How exactly is this done?
A no-objection document state that the housing society has been approved by related municipal organizations to receive basic amenities. These could be electricity, gas, water, and sanitation. Additionally, the Nova City NOC legitimizes the project by implying that TMA has gone over the file tracking process.
Thus, once you have submitted the down payment to your plot, the TMA will monitor and regulate the file’s status to prevent any corruption. This helps promote a level of transparency throughout the real estate market.
Moreover, before approving a NOC, TMA will be inspecting the payment plan as well as the layout of the project to ensure that the investors don’t end up at a loss.
There is little doubt that Nova City Islamabad will become the next big project in the capital. If you’re looking to book your Nova City 10-marla plot then contact Makeen Marketing. We are an authorized dealer as well as an Elite Sales Partner of the housing project. Formulating the best real estate solutions for our clients is a top priority!
Every day, we learn how real estate scams have wiped out people’s savings. And why people filed a bankruptcy case against real estate agents. If you haven’t read the details under those headlines, we will brief you about them. Let’s take a look at 6 of the most popular real estate scams to be mindful of.
Never believe someone who has no prior real estate experience and has no positive or negative reviews. Hire an agent whose tracking will be easy. Before pooling an investment on a property, check if the agent belongs to a reliable real estate agency. How to know if a real estate agent is carrying out real estate scams with you?
• He’ll always be busy or out of town. He will never be able to meet with you. Meet with an agent before hiring him. Learn about him from the market people.
• He will make calls at odd times. It means he is operating from overseas. So, there are chances that your money will be going to scams’ pockets.
• If the real estate agent wants to know about your financial situation from the moment he meets you, he is a liar, meaning he is one of the real estate scams.
If you want to know some secrets of successful real estate agents, click here.
Online Real Estate Portals
Multiple online portals are operating these days. There are chances that they can be fake. If a real estate portal has a form for filling and demands extra information. Like, account number, credit card, debit card number, and ID card number. Don’t fill the form. No one should have access to your data. They are going to be one of those real estate investment scams.
Allotting The Same Land to Multiple People
Real estate agents or brokers may sometimes possess a forged ownership document for a plot. They show it to a large number of people. They pretended to own it and are now looking to sell it. It is thus sold to more than one person at a time in this manner. It often happens if you buy property without seeing it. And also with the people who purchase files of a plot. So, be conscious of these real estate scams. You can check the housing societies approved by CDA to limit the scams.
Overpricing and Underpricing a Property
If someone offers you to buy a plot or a bungalow at low rates, you should know what to do. Reject the offer instantly! No one sells their property at low prices than the market ones. Everybody loves money and wants to earn them. It’s either something wrong with the property. Or the person trying to sell it doesn’t own it.
People who want to sell properties at higher prices are likely to be committing real estate scams. They will tell you about all of the advantages of purchasing that land. Find out about the prices in the region and then purchase it. If you want to buy a plot in Nova City Islamabad, for example, you can contact approved dealers to see if the price asked from you is reasonable.
Sellers and agents are not the only ones who commit real estate scams. We frequently hear about fake buyers who appear to be interested in purchasing a property. They obtain the original documents from the agent. And inform them that they will send cash immediately after receiving the documents via banks. They then abscond. To avoid such cases, ask your clients for copies of their CNIC so that you can trace them.
The real estate scams will sometimes post ads with almost no information. Before you invest your money, double-check all of the contact information, email addresses, and images. If you still don’t understand, you can call the societies’ helplines to see if the agency is an authorized dealer.
To summarise, this article intended to make you aware of various real estate scams. Now that you know what they are and how you can avoid falling victim to them. Makeen Marketing is the place to go if you’re looking for an authorized dealer in Pakistan.