Capital Development Authority has finally restored NOC of Park View City Housing Scheme which is owned by PTI leader Aleem Khan. And he owns a similar housing society in Lahore by the name of “Park View Villas”.
Aggressive promotional campaigns for print and electronic media have once again started by Park View City. The Society’s NOC was canceled earlier due to its inconvenient approach through Malot Road. On this very issue, the society had been contesting the case against CDA. The case is now settled and the authorities have approved widening of the approach road. However, even when this case was ongoing, the society continued its development work.
Possessions of its initial blocks where construction of some villas has already started have been announced. After approval of NOC, plot prices have been revised for new bookings in developed and non-developed blocks. Compared with the previous payment plan, A, B, C, D and E blocks have been priced much higher. Some new blocks have been introduced which are also priced a bit higher than previous rates.
Residential plots of 5 marla, 10 marla, 1 kanal and 2 kanal are available on 2 years installment plan. Booking starts from 20% down payment, while the remaining amount is payable in 8 equal quarterly installments. Also, commercial plots of 6 and 8 marla are available on 2 years installment plan. The plot size of 6 marla is 35 x 40 and it is priced at 3 crore rupees. And the plot size of 8 marla is 40 x 45 and it is priced at 4 crore rupees. Bookings start from 20% down payment while the balance amount is payable in eight equal quarterly installments.
Park View City Islamabad has the potential for good returns as the development work is already at an advanced stage and the actual construction work has also begun. And it definitely has an edge over Park Enclave and Bahria Enclave Housing Schemes due to its location and better development standards.
It is recommended to avail this exclusive investment opportunity as new bookings are currently available for limited time only. If you want to purchase land in this scheme for the living, even then its highly recommended due to the peaceful environment and beautiful hilly area.