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25 June, 2018

Wapda Town Islamabad Development Updates

Property News

Wapda Town Islamabad is a less mature housing project that has attracted investor attention due to comparatively fewer property rates and house overcrowding. Wapda Town Islamabad was launched at the very same time as Wapda Town Lahore and Multan and although Wapda Town Islamabad could not become as famous as it was predicted to be, its market dynamics slightly changed after the launch of New Islamabad International Airport. Wapda Town is a grand residential scheme that covers a total about 4375 Kanals of land and it is divided into 5 blocks i.e. A-E.

Development Status and Plot Offerings

The development work is 100 % complete in the first three blocks A-C while it is 50% complete in Block D, and is yet to begin in Block E. Wapda Town Islamabad offers a different variety of plot files that include 5 Marla, 10 Marla, 1 Kanal and 2 Kanal plots. Wapda Town Islamabad has good infrastructure with 40 feet wide roads and main boulevards that are 150 feet wide. Water and Electricity are available and solar paneled streetlights are also installed. Sui Gas is not yet available but Zulfiqar Yasin of Gravity Estate and Builders was confident that Sui gas will become available in 6 months or so.

The house construction has also begun and according to the latest report 15 houses are constructed in Block A and 4 houses are built in Block C. There are small to large commercial plazas scattered throughout the Wapda Town Islamabad.

Location

Wapda Town is located less than half a kilometer from Paswal Sangjani Motorway Interchange, which connects it to Islamabad-Peshawar Motorway M-1, which further connects it directly to the Islamabad International Airport. Due to the motorway, it takes about 20 minutes to reach the airport.

Market Prices and Possession Updates

Let’s take a glimpse at the current property rate going in Wapda Town Islamabad

 

Plot Size

Prices in PKR

Transfer Fee in PKR

5 marla (25×45 ft.)

1,200,000—1,600,000

15,000

10 marla (35×65 ft.)

2,000,000—2,900,000

25,000

1 kanal (50×90 ft)

3,000,000—5,500,000

35,000

 

What can investors do?

Block D of Wapda Town can certainly be considered for long term investment. Since only 10-Marla and 1-kanal plots are available there, the best option, is to invest in 10-marla plots, they are easiest to sell in the housing scheme.

Genuine buyers don’t, currently have a high demand in the housing scheme, and since possession is easily available in the area along with standard facilities, buyers can seriously consider buying property I Wapda Town Islamabad.

If you are interested in buying property in Wapda Town Islamabad then contact Apex Group and we guarantee to make your dreams come true!


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