TOP CITY -1, MUMTAZ CITY, FAISAL TOWN. IN ISLAMABAD

Among the most attractive areas for investors in Islamabad, the surroundings of the under-construction New Islamabad International Airport are surely a favourite. Multiple infrastructural developments in the making, account for the high demand, especially in Top City-1, Mumtaz City, and Faisal Town. People looking to profit from the anticipated price appreciation in these societies, are often confused about picking one. Here is the aide you need to do precisely that. TopCity-1 TopCity-1 is one of the most prominent housing societies, located in the immediate vicinity of the New Islamabad International Airport. This society is poised to become the first smart housing society in the country. A gradual and consistent price rise was noticed for residential plots in this society, until it found itself in a controversy, which brought along a stark 30% drop in rates. The society management effectively dealt with the investor’s concerns and took immediate steps to safeguard their interests. As of late, prices have started to increase once again. According to my sources, the market for TopCity-1 has fully recovered in terms of demand while the drop seen some months ago has also recovered by 80%. Along with resumed investment activity, the society also benefits from the recent announcement of possession in Blocks A, B, C, and D. Mumtaz City Mumtaz City enjoys an equally impressive location; however, this is a much smaller development. Nonetheless, the society enjoys a solid reputation in the market, and has seen a constant spike in rates of residential plots. Just when investors were a little worried about their investment security in TopCity-1, and were looking to sell their plots at a much lower rate, Mumtaz City turned out to be their next best option. In response to this increased demand, property rates here also inched up. Interestingly, the price appreciation here was almost equal to the percentage of price drop seen in the value of property in TopCity-1. With TopCity-1 once again becoming popular, demand for property in Mumtaz City has seen a slight drop. Nonetheless, property rates here continue to remain stable, with absolutely no drop seen in the asking price. In fact, for residential plots in some blocks of Mumtaz City, the average market rate is higher than that of many blocks in TopCity-1. Faisal Town Faisal Town, which is located slightly farther the under-construction airport, has its own market, which is dominated by genuine buyers and less ambitious investors. Although the society benefited from the drop seen in TopCity-1’s property demand, it hasn’t seen any major effects of the property demand resuming for TopCity-1. Looking at the nature of two projects, it is much easier to assume that Faisal Town has never been in competition with TopCity-1 or Mumaz City for that matter. The society continues to serve serious buyers with solid investment plans. Among the three societies, property rates here are the highest. In addition, the society also benefits from the construction of about 80 houses in blocks where property possession was granted rather recently. The top pick All real estate projects benefit primarily from their location. The second factor, which determines property demand and the rate of price appreciation, are the infrastructural facilities located nearby. Based on these two factors, TopCity-1 and Mumtaz City benefit more than Faisal Town. Among the two, TopCity-1 has better chances of seeing a higher price appreciation because property rates here plunged recently, and also because property possession has been granted in four of its prime blocks. Looking at how effectively the society has been managed,