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Investment Benefits In Housing Societies Near New Islamabad International Airport

New Islamabad International Airport is No Doubt a Mega Project which has charmed the small to medium as well as big investors & builders and they have invested much of their capital into the land nearby the airport territory.

Enlarge the given image to see the number of societies which lie around the new islamabad airport.

societies-near-new-islamabad-airport

It is not necessary that all societies will benefit from the airport. We need to see what benefits do they expect and why should they get the benefits.

Road Access To The New Islamabad Airport:

Road Network plays a vital role as without good access network, nobody is going to even enter these societies. As it has been decided that road network finalized by NHA earlier will be considered as the final one. The approved road network can be seen on this given map.

finalized-road-network

Here you can see, that main Kashmir Highway is further extended and it passes through the motorway interchage and then it splits. One road goes straight to the airport gate which is currently in use, another one curves and gives another route for entrance to the airport. This shows that the airport is going to have 2 gates. If we see closely, the fork is coming just before touching the PECHS society, so one arm is toucing the PECHS and then using the passage which is currently in use, while the second arm gives passage for another gate. The second arm further extends and goes on to the back side gate which will be used for Cargo traffic. This could mean that the road coming from Thallian Interchange to the Cargo Gate will be merged with Kashmir Highway when it reaches near the Airport Boundary.

The sectors nearest to the airport are h19,h20 and g19,g20. So, as per road network, societies lying in these sectors are the hottest options for investments and they are expected to get major benefits if there are any, and we will discuss the expected benefits too.

Here is another map of societies lying in above mentioned sectors which are important for investment near new islamabad airport.

location-map

If you check closely, there are only three societies which lie in these sectors, i.e. Mumtaz City in G-19, Top City 1 in H-19 and PECHS in G-20.

If you check the road network map, Top City 1 areas are coming closer to the boundary of the airport, and its blocks near the proposed second gate have been seized by CAA for security concerns.

And despite lying closer, its entrance point will be from the motorway interchange. Mumtaz City is also going to get access point from motorway interchange, while pechs is going to get access from that Fork where Kashmir Highway splits.

Other societies which surround the airport are not expected to get any benefits in near future due to their location as they lie even farther from the airport and they are not linked with the main access road network.

These societies, i.e. Fatima Town, Asad Town, ICHS, Swan Garden Phase 2 etc may get little attention after the rise of societies like PECHS, Top City 1 & Mumtaz City.

Benefits of Investment Near New Islamabad Airport:

Islamabad is the capital city of Pakistan and it has the most number of people entering the city daily. Most of the population living in the twin city are not locals, they belong to other cities of Pakistan as well as Pakistanis living abroad. Also a large numbers of foreigners also live in Islamabad working at different federal projects as well as embassies.

New Islamabad International Airport is designed to meet the massive requirements of foreign & local travelers, and it has capacity to serve millions of passengers daily.

Commercial Needs:

Islamabad Airport will serve not only passengers to & from Islamabad, but also people living in nearby cities. So expected traffic is very high. Large number of people traveling to & from this area attracts investors & businessmen to open up their business franchises in order to get their share from the potential buyers. Commercial corridors may be developed in order to serve the purpose.

It is not only about commercial activities, since Islamabad is a capital city with majority of population from other cities of Pakistan and abroad, the concept of guest houses is much popular in Islamabad. Many people visit here for just a few days so they stay at guest houses or hotels. So the societies near the airport are ideal for guesthouses & rental business too.

Residential Needs:

Since New Islamabad Airport is going to serve millions of passengers, and it is going to be the largest airport of Pakistan, staff of local & international airline companies as well as thousands of people working for civil aviation including engineers and professionals will be working there. So the ideal residence will be any better developed society closer to the airport. With this much demand of residence, the prices in this area will be too high. Those who won’t be able to afford to buy a property nearby, they will prefer to rent out a house for them. So residence of thousands of people is expected to give boost to prices of nearby societies, also their expected necessities will encourage commercial investors & businessmen to open up their franchises etc. Those businessmen may also need residence here too.

In order to serve these needs of potential residents & travelers, many new housing societies have cropped up as shown in first map but without good access routes, or they lie much farther. Still the potential is too high that it may benefit other housing societies as well after PECHS, Mumtaz City & Topcity 1 become out of reach for a small investor.

As soon as the project completes next year, this area will see immense activity and a little investment today has potential to give manifold return.

This blog post was created on Tuesday, December 24th, 2013 and Filed Under Tags: , , , , , , , , , , ,
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  • Aamir

    What about the sec D in Top city ? has it been seized by CAA ?

    • D is not seized.

    • Javed Shah

      The TopCity-1 is in a very remote area. Airport will not be operational for another 5 years. It will be dead investment.

      Read Tribunal report dated 11 August, 2016, with the heading another date.

  • hamad

    looks like promotional campaign for PECHS. In my personal opinion PECHS is not good for investment. PAF Tarnol in the vicinity is comparatively much better option where people are already living and services and planning of the society is excellent.

    • Imran

      PAF tarnol is on the other side of fateh jang road and can’t have direct access to airport. PECHS, Topcity and mumtaz city take advantage of kashmir highway link road, which gives direct access to these societies so this is the major attraction for investment here.

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  • Inayat

    A balanced and comprehensive piece! There is a rumour afloat in some dealers circle that CAA has filed law suit against Top City and PECHS for unknown reasons. Can any informed gentleman offer authentic opinion? Moreover, would it be safer+ investment-wise-feasible to invest in phase i or ii( lower) oh PECHS. Inayat

    • Mir K

      Don’t buy any plot in TopCity-1. Now there are very high bubble prices, that will crash by February 2017. Remember, Airport will not be operational for another 5 years.

      Read Tribunal Report dated August 11, 2016

  • Fawad

    What about sector d16?where does that fall and is it a hot spot ?

  • Mir K

    THE AIRPORT WILL NOT BE OPERATIONAL FOR ANOTHER FIVE YEARS

    Another day, another deadline for new Islamabad airport
    Another day, another deadline for new Islamabad airport
    SHARE TWEET
    By Danish Hussain / Vaqas Asghar
    Published: August 11, 2016

    Govt sets June 2017 deadline for completion, funding woes suggest otherwise
    ISLAMABAD: Already five years behind schedule, completion of the new Islamabad airport has officially been delayed even further.
    The new Islamabad airport has become the latest in the list of projects which, it appears, will not be completed anytime soon.
    The Civil Aviation Authority (CAA) has announced that the airport would now be completed in June 2017.
    New Islamabad airport to be completed by 2017
    Meanwhile, a source working on the site called the new completion date “laughable”, recalling a conversation he had with The Express Tribune in the summer of 2014, when he had said the airport would take at least five years to complete if everything is smooth sailing from here onwards. “It hasn’t been smooth sailing,” he added. Groundbreaking of the project was performed in April 2007. At the time it was announced that it would be completed within four years — or 2011.
    During a visit to the construction site near Fateh Jang Road in March 2014, Prime Minister Nawaz Sharif directed the authorities to complete construction work by March 31, 2015.
    Since then, a number of new completion deadlines have come and gone, but the airport remains far from functional. Sources in the CAA and contractors working on the site told The Express Tribune that the new deadline would also be a “long shot”.
    The contractors cited flaws in the runway, which he said had not been resolved in nine years.
    A CAA source referred to the difficulty in resolving issues with access routes and utilities, while also referring to the fact that those found guilty of graft, incompetence, embezzlement, and illegal subcontracting in various inquiries have escaped punishment. “People want to be posted there to go on looting sprees”, he said.
    The airport project was approved in 2003-04. Groundbreaking was performed in April 2007 and the original PC-1 of Rs36.86 billion was approved in March 2008. The revised PC-1 then pushed the cost to Rs81.17 billion. CAA sources said the final cost seems certain to go past Rs100 billion.
    New islamabad airport: Meinhardt says it is not part of project
    At least 17 different contractors are working on the airport, while the CAA had acquired 3,289 acres for Rs950 million for the project.
    Recently, the Public Accounts Committee was told that 60 per cent of work had been completed and Rs51.23 billion in payments had been made. The PAC treated the numbers with caution, to say the least.
    When asked about the new deadline, a CAA spokesperson said the June 2017 was the new deadline to make the project operational, adding that for the financial year 2016-17, the federal government allocated Rs6.2 billion under the Public Sector Development Programme (PSDP) for related construction of roads and dams.
    He said Rs3 billion was marked for the construction of road, including the main link, the Thalian link and periphery road, and Rs2.3 billion for the construction of approach road networks, including acquisition of land and shifting of utilities from the area.
    “The Central Development Working Party (CDWP) approved the Rama and Kasana dams on March 31, 2015. In the first phase, work on the construction of Rama Dam at a cost of Rs1.6 billion has been taken up,” he said, adding that around 10 per cent of work on that dam had been completed.
    While, Rs900.8 million were set aside for the construction of two rainwater harvesting dams – Rama and Kasana dams.
    Rama Dam was identified as the most feasible of three proposed rainwater reservoir sites surveyed in the vicinity of the airport recently. The site meets the requirement for supply of at least two million gallons per day to the new airport. A study carried out by the Punjab Small Dams Association favoured Rama due to technical advantages, negligible disturbance to the local population, and low operational costs and security risks.
    Published in The Express Tribune, August 11th, 2016.