University Town has been on the slow side when it comes to development work. But other than that, everything else about the society seems good. And that’s especially true for those investors looking to gain high returns over time by investing small today.
Property transaction volume hasn’t really drop due to the reasonable prices. In fact the transaction volume has lately gone up.
Here is the latest update on University Town.
Market trend
An increase in demand was witnessed after the general elections 2018 which was a welcome relief for property dealers operating in University Town as they they had to go through an investment drought during Ramzan and right after Eid-ul-Fitr.
University Town has mainly interested investors looking for medium to long-term returns. End users are also attracted because of the affordable prices of residential plots.
The society’s great location on Kashmir Highway and Islamabad-Lahore Motorway M-2, and in close proximity with Eighteen Islamabad, Islamabad International Airport and Faisal Town exudes confidence for Investor.
Development, possession status and rates
The society is a not a new one. But as of now, development work has only been completed in Block D of University Town. In blocks A and B, some lanes and parts are yet to be finished. However, the good part is possession is available in the developed parts.
Here is the latest update on development and possession status in each block along with current prices;
Block A
Possession is available though the development work has been completed by 70%.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Block B
90% of development work has been completed and possession is also available.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Block C
This is the biggest block of University Town. But it is still currently in the beginning stage of development.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Block D
This block’s development work has been fully completed. However, it is one of the most expensive blocks in University Town. Possession is available throughout the block.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Block E
Only 50% of the development work has been finished. However, it is the most active block in terms of ongoing development.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Block F
Development work has not even started here. Buyers looking to buy cheaper plots prefer this block.
| Plot size | Price range in PKR |
|---|---|
| 5 marla | 1,350,000 – 1,650,000 |
| 10 marla | 2,300,000 – 2,600,000 |
Conclusion
In the long term, investing in University Town is a great option as it shares the boundary wall with Eighteen Islamabad, one of the most exciting housing scheme of the capital. And prices in other housing schemes in the neighborhood are also expected to increase in the future. So even with the turtle pace of development work, this society has a good future.