Islamabad: In a highly anticipated development for real estate investors and commuters alike, the final phase of connecting Margalla Avenue to the Peshawar Motorway (M-1) is officially moving into the execution stage.
Recent updates confirm that the Capital Development Authority (CDA) has successfully concluded the bidding process for the Islamabad segment, while the National Highway Authority (NHA) is already executing rapid construction on the Rawalpindi portion. This seamless new corridor is set to dramatically enhance connectivity and boost property values in the surrounding sectors and housing societies.
Here is a detailed breakdown of the project’s latest progress:
Islamabad Section: Contract Awarded by CDA
The CDA has achieved a major milestone by finalizing the financial bids for the 2.7-kilometer Islamabad portion of the project.
- Contract Winner: Out of 13 construction firms that applied, 10 participated in the bidding. New Khan Builders successfully secured the contract.
- Cost Efficiency: The winning bid was strategically placed 10% below the estimated cost, saving the CDA approximately Rs. 35 Crore. The final project cost is slated at Rs. 3.51 Billion.
- Project Scope: This crucial segment includes the construction of a major interchange on GT Road and will terminate near the Sangjani Grid Station.
- Timeline: The contractor has been given a strict 8-month deadline to complete the project, ensuring rapid delivery.
Rawalpindi Section: Construction Already Underway by NHA
Progress on the adjoining Rawalpindi limits is already visible on the ground.
- Project Scope: The NHA is overseeing a 2.5-kilometer section that will finalize the linkage with the M-1 Motorway near the AWT Housing Society.
- Execution: The contract for this portion is being handled by the National Logistics Cell (NLC), and construction work is currently proceeding at full pace.
What This Means for Real Estate Investors
The completion of the Margalla Avenue extension is a game-changer for Islamabad’s real estate landscape. By establishing a direct, signal-free corridor from the M-1 Motorway into the heart of the capital, travel times will be drastically reduced.
Investors should closely monitor properties in nearby areas, particularly AWT Housing Society, Multi Gardens B-17, Sangjani, and the CDA sectors aligning with Margalla Avenue (such as D-12, C-13, C-14, and C-15). History dictates that infrastructural expansions of this magnitude yield high capital gains and exceptional rental yields in the surrounding vicinities. With an 8-month completion window for the Islamabad section, the time to position your investments is now.
Looking to capitalize on the upcoming Margalla Avenue boom?
Contact Manahil Estate today at 03455222253 for expert, investor-focused real estate guidance.
