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Market and Price Update of PECHS Islamabad

pechs main gate

Pakistan Employees Cooperative Housing Society Islamabad has seen a stable rise by the end of 2013. Prices went up by more than 50% in the year 2013 as compared with the prices in 2012.

Market had been slow since the start of 2014, then after the visit of PM Nawaz Sharif in March 2014, market seemed to get little better but still the prices could not rise up to the expected level.

Some other factors have contributed to this slowdown which includes overall property market situation in Islamabad, lack of investor’s interest after heavy losses in other investments, delay in airport project and seasonal slowdown of investment trend.

Average prices in almost all blocks remain stable at the level of prices before 6 months, which means prices didn’t go down unlike most of other sectors and societies like Bahria Town, I-12, E-12, I-14, I-16 etc.

Commercial Prices have however gone up by about 10% to 20% in C and K commercials during this slow period.

M block booking is almost complete for 5,7 and 10 marla plots. 1 and 2 kanal plots are still available for booking.

K-extension block has just launched where prices and payment plan is kept at the same level as of M block, i.e. 14 lac for 5 marla and 19 lac for 7 marla plots. Location of K-Extension is close to K Commercial Area towards the Gurbal Road.

Development work in M block is speeding towards completion and EXTOL is working hard to complete this block and hand over by the end of 2014.

Market is expected to start rising from august onwards as many overseas Pakistanis are still choosing PECHS as the best investment option for 2 to 5 years investment in Islamabad.

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