Islamabad, the capital city of Pakistan, is known for its beautiful scenery and luxurious lifestyle. The city is famous for its natural beauty, modern infrastructure, and a peaceful environment, which makes it an ideal place to live. The city has been rapidly growing in recent years, and many people are interested in investing in real estate in Islamabad. One of the most popular options is to buy a plot of land. In this article, we will discuss the price of a plot in Islamabad and what factors affect its cost.
Factors Affecting the Price of a Plot in Islamabad:
The price of a plot in Islamabad depends on several factors, which include:
Location
The location of the plot plays a significant role in determining its price. Plots that are located in the prime areas of the city, such as F-7, F-8, and E-7, are more expensive than those located in less developed areas.
Size
The size of the plot is another crucial factor that affects its price. Generally, larger plots cost more than smaller ones.
Amenities
Plots that are located in areas with better amenities, such as schools, hospitals, parks, and shopping centers, are more expensive than those that are not.
Infrastructure
The infrastructure of the area also affects the cost of a plot. Plots that are located in areas with better infrastructure, such as well-paved roads, water, and electricity supply, are more expensive than those located in less developed areas.
Price of a Plot in Islamabad
The price of a plot in Islamabad varies depending on the factors mentioned above. As of 2021, the cost of a 1 kanal (500 square yards) plot in the prime areas of Islamabad ranges from PKR 10 million to PKR 150 million. The cost of a 10 marla (250 square yards) plot in these areas ranges from PKR 3 million to PKR 50 million. In less developed areas, the cost of a 1 kanal plot ranges from PKR 3 million to PKR 50 million, while the cost of a 10 marla plot ranges from PKR 1.5 million to PKR 25 million.
Prices in Specific Areas of Islamabad
Let’s take a closer look at the price of a plot in Islamabad popular areas:
F-7
F-7 is one of the most expensive areas of Islamabad, and the cost of a 1 kanal plot in this area ranges from PKR 100 million to PKR 150 million. The cost of a 10 marla plot in F-7 ranges from PKR 40 million to PKR 50 million.
F-8
F-8 is another posh area of Islamabad, and the cost of a 1 kanal plot in this area ranges from PKR 80 million to PKR 120 million. The cost of a 10 marla plot in F-8 ranges from PKR 30 million to PKR 40 million.
E-7
E-7 is a popular area for both residential and commercial purposes. The cost of a 1 kanal plot in E-7 ranges from PKR 80 million to PKR 100 million, while the cost of a 10 marla plot ranges from PKR 30 million to PKR 35 million.
DHA Islamabad
DHA Islamabad is a gated community that offers a luxurious lifestyle to its residents. The cost of a 1 kanal plot in DHA Islamabad ranges from PKR 25 million to PKR 60 million, while the cost of a 10 marla plot ranges from PKR 8 million to PKR 20 million.
Bahria Town
Bahria Town Islamabad is a gated community that offers a luxurious lifestyle with state-of-the-art facilities. The cost of a 1 kanal plot in Bahria Town ranges from PKR 15 million to PKR 50 million, while the cost of a 10 marla plot ranges from PKR 7 million to PKR 20 million.
Blue World City
Blue World City Islamabad is a new and rapidly developing housing project that has gained popularity in recent years. The project is located near the new Islamabad International Airport and is designed to offer a luxurious lifestyle with modern amenities. The cost of a 1 kanal plot in Blue World City ranges from PKR 5 million to PKR 20 million, while the cost of a 10 marla plot ranges from PKR 2.5 million to PKR 10 million.
It is important to note that the prices mentioned above are approximate and may vary depending on the specific location, size, and amenities of the plot.
Conclusion
The price of a plot in Islamabad varies depending on several factors such as location, size, amenities, and infrastructure. The cost of a 1 kanal plot in prime areas of Islamabad can range from PKR 10 million to PKR 150 million, while the cost of a 10 marla plot can range from PKR 3 million to PKR 50 million. The cost of a plot in less developed areas of Islamabad is relatively lower, with a 1 kanal plot costing PKR 3 million to PKR 50 million and a 10 marla plot costing PKR 1.5 million to PKR 25 million.
It is important to conduct thorough research and consult with a reputable real estate agent before making a decision to invest in a plot in Islamabad. With the right knowledge and guidance, investing in real estate in Islamabad can be a lucrative opportunity for both short-term and long-term gains.
