Popular Affordable Housing Societies in Islamabad
With a population of over 220.9 million, Pakistan is the sixth-most populous country in the world. As the country’s population grows, so does the demand for homes and other dwellings. Many low-income affordable housing societies have stepped forward to fill the gap.
The need for decent, low-income housing societies can improve the lives of those who have insufficient or no shelter while also benefiting the economy.
Many new societies have recently been established in the Islamabad Capital Territory (ICT). Housing societies in Islamabad cover an area of 1165.5 square kilometres. Many of these societies are fundamentally low-cost, catering to the housing needs of low-income buyers.
Graana.com, Pakistan’s smartest property portal, has compiled a list of popular affordable housing societies in Islamabad.
Affordable Housing Societies in Islamabad
Islamabad is a developed city with popular developed societies. Due to its status as the most picturesque city in the country, Islamabad is drawing people looking that are looking to invest in real estate projects.
Here is a list of some of the most popular, affordable, and well-planned housing schemes in Islamabad.
|Pakistan Employees Cooperative Housing Society (PECHS)||Islamabad’s Zone|
|Gulberg Residencia||Islamabad Expressway|
|Multi Gardens B-17||Zone 2 Islamabad|
|University Town||Kashmir highway|
|Ministry of Commerce Employees Cooperative Housing Society (MCECHS)||Zone 2 Islamabad|
Pakistan Employees Cooperative Housing Society (PECHS), Islamabad
Pakistan Employees Cooperative Housing Society ( PECHS) is a well-known housing society in Islamabad near Islamabad Airport.
The Islamabad International Airport is a short drive from this public-private residential community, which is close to Fazaia Housing Society (at a distance of just 13.8 kilometers).
The project spans approximately 4400 Kanal and is categorized into two phases, 1 and 2. These are further subdivided into blocks labeled A through M.
One proposed entrance to this gated community is from the Srinagar Highway, and it is easily reachable from Tarnol. Along with affordable housing options, this housing scheme has some distinguishing features found in modern residential communities, such as,
- Water, gas, and electricity
- LED street lamps
- CCTV provides complete security surveillance.
- Shopping malls
- Educational Institutions
- Medical facilities
Price trends of Plots in PECHS, Islamabad
Plots in society come in a variety of sizes. Residential plots are available in sizes of 5, 7, 10 marlas to 2 kanals.
Mentioned below are the price trends of plots in the area.
|Plot size||Price Trend (PKR)|
|5-Marla||1,800,000 – 2,00,000|
|7-Marla||2,500,000 – 3,000,000|
|10-Marla||3,300,000 – 4,000,000|
|1-Kanal||4,500,000 – 5,000,000|
|2-Kanal||7,000,000 – 9,000,000|
Gulberg Residencia, Islamabad
Located on the Islamabad Express Highway, Gulberg is another affordable popular housing society in Islamabad. Gulberg Islamabad is a residential development in the heart of the Twin Cities.
It is an initiative of the Intelligence Bureau Employees Cooperative Housing Society (IBECHS) Islamabad.
Gulberg Residencia has residential properties varying in size from 200 to 1000 square yards. It is located 7 kilometers from the main Islamabad Expressway.
Currently, property ownership is only available in eight of the society’s blocks. However, property prices are currently quite reasonable. Property ownership is available in Blocks C, E, F, G, I, J, L, and V of Gulberg Residencia.
Price trends of the Plots in Gulberg Residencia, Islamabad
The Price trends of residential plots in developed blocks have been mentioned below.
|Plot size||Price Trend (PKR)|
|7-Marla||2,00,000 – 4,000,000|
|10-Marla||3,700,000 – 5,800,000|
|12-Marla||4,000,000 – 5,500,000|
|1-Kanal||8,000,000 – 10,000,000|
B-17, Islamabad |Housing Society in Islamabad
B-17 is a well-known residential housing society in Islamabad, developed by the Multi-Professional Cooperative Housing Society (MPCHS). It is in Zone 2 of Islamabad’s territory. The Capital Development Authority has approved this urbanised sector (CDA).
On January 30, 2018, the CDA and the Federal Directorate of Education issued a no objection certificate (NOC) for the construction of schools in sector B-17.
The B-17 sector is divided into several blocks with distinct commercial and residential areas.
It is a newly developed society with modernized urban amenities and facilities. The peaceful atmosphere and stunning scenery make it an ideal place to invest in.
B-17 society is rapidly developing and has seen a construction boom in recent years. The area has gained value by offering market-competitive property prices. Prices tend to rise as the society develops, so now is an excellent time to invest in this sector.
Price trends of the Plots in B-17, Islamabad
The property price trends vary within the sector and depend on the location, size of the property, and amenities available in the area.
The price trends of residential plots in developed blocks have been mentioned below.
Price Trend (PKR)
|5 Marla||64,00,000 to 85,00,000||55,00,000 to 62,00,000|
|8 Marla||65,00,000 to 1,00,00,000||5800,000 to 7,00,000|
|10 Marla||1.5,00,00,0000 to 1.25,00,00,000||95,00,000 to 1.1,00,00,000|
|15 Marla||1.2,00,00,000 to 1.8,00,00,000||————————-|
|1 Kanal||1.9,00,00,000 to 20.75,00,00,000||————————|
University Town, Islamabad
University Town is among the most affordable housing societies in Islamabad, with beautiful natural scenery and a breathtaking view of the city.
The housing society was established in 1992, but it was not officially launched until 2005, after receiving planning approval and NOCs from the relevant authorities.
The area around University Town is quite feasible and incredibly intriguing. It is located on the Kashmir Highway, close to the Lahore-Islamabad Motorway interchange and the New Islamabad Airport.
Society is completely equipped with modern amenities and services, allowing it to develop into a place suitable for people adhering to all social norms.
Price trends of the Plots in University Town, Islamabad
A wide range of plots is available with easy payments and at reasonable costs. The price trends of residential plots have been mentioned below.
|Plot size||Price range (PKR)|
|5-Marla||22,00,000 to 50,00,000|
|10-Marla||43,00,000 to 60,000|
|1-Kanal||95,00,00 to 1,00,00,000|
Ministry of Commerce Employees Cooperative Housing Society (MCECHS)
Located in Zone 2, MCECHS is another popular affordable option to consider.
The Ministry of Commerce Employees Cooperative Housing Society (MCECHS) is located in E-17, with property possession available in more than 35 percent of the project.
Water and electricity connections are readily available, but Sui Gas connections are not available yet.
If you are looking for a plot for sale in MCECHS Islamabad, you should consider Block B, which offers 100 percent property possession. However, Block C is still under construction.
Price trends of the Plots in MCECHS, Islamabad
The Price trend of residential plots in MCECHS has been mentioned below.
|Plot size||Price range (PKR)|
|5-Marla||1,100,000 – 1,600,000|
|10-Marla||900,000 – 2,400,000|
|1-Kanal||2,300,000 – 6,500,000|
Real estate projects in Islamabad offer multiple housing options for people belonging to every class.
These were five of the most popular top housing societies where you can invest even if you have a low budget. For more information, visit Graana.com – Pakistan’s first online real estate marketplace.