An old society, Pakistan Employees Cooperatively Housing Society (PECHS) has now come into focus due to the launch of Islamabad International Airport and expansion of Islamabad towards Zone 2. The afforable price is what makes PECHS attractive for the genuine buyers or long term investors.
It is the closest society to the Islamabad International Airport and compared to other societies that are also near to the airport, it is priced significantly lower.
Development and Possession
The good thing is the availability of basic utilities such as water, gas and electricity. However, development has been relatively slow over the years. But because of the airport, PECHS has come into limelight. Development of Blocks K and M has already been completed and possession is also available. Moreover, few commercial areas have also been built in the housing society.
Market and price trends
According to our experts, PECHS market has not been performing that well for a while. But in the future, the situation is expected to change for the better. Prices are expected to increase in the near future when the link road onto Kashmir Highway Extension is established.
The link road is to pass through Mumtaz City which will be prove to be beneficial for the residents of PECHS as it will provide greater connectivity. Additionally, this will lead to increase in prices. However it is not certain when the link road will be established.
Here are the prices, particularly for the developed Blocks K and M.
| Plot Size | Prices in PKR |
|---|---|
| 5 marla | 1,800,000—2,200,000 |
| 7 marla | 2,300,000—2,600,000 |
| 10 marla | 2,800,000—3,500,000 |
| 1 kanal | 3,500,000—4,500,000 |
To invest or not to invest?
If you have already invested in PECHS Islamabad, there is good news for you. The experts believe that prices can only increase in this society as it is now developed. In addition to that, prices will further rise within a year.
The two critical factors which can significantly increase your investment here are: The link road to Kashmir Highway through Mumtaz City and the current slowish real estate market. However, one thing is for sure, that any investment here should be looked at it from long-term perspective.