What to Expect from Park View City Islamabad in 2022?

  

Park View City

What to Expect from Park View City Islamabad?

Park View City Islamabad is a housing project by the famous Abdul Aleem khan. He is the face behind two housing projects in Lahore:

Park View Housing Scheme – which was later sold to the Defence Housing Authority (DHA) and is now a part of DHA Lahore’s Phase VIII

Park View Villas – where possession is available in a few blocks and development work is yet to be completed in the remaining blocks.

The soft launch of Park View City Islamabad was held on Tuesday. During the soft launch, the society was introduced to real estate agents and the payment plan was also rolled out. This is also the point where interest in the project began to grow.

The project is located on Malot Road in Zone IV of the federal capital and its Phase I features residential 5-marla, 10-marla, 1-kanal and 2-kanal plots and commercial 5-marla plots.

Residential Plots

Plot size Total price Membership fee Booking amount at the rate of 20% Eight quarterly instalments

• 5 Marla PKR 3,500,000 PKR 7,500 PKR 700,000 PKR 350,000
• 10 Marla PKR 6,500,000 PKR 15,000 PKR 1300,000 PKR 650,000
• 1 Kanal PKR 11,500,000 PKR 25,000 PKR 2,300,000 PKR 1,150,000
• 2 Kanal PKR 27,500,000 PKR 50,000 PKR 5,500,000 PKR 2,750,000

Commercial Plots

• 5 Marla PKR 25,000,000 PKR 100,000 PKR 5,000,000 PKR 2,500,000

According to a society official, land has already been acquired for Phase I of the project and three more phases will be launched in the time to come. These phases will feature houses and farmhouses. Asked about the availability of the no-objection certificate (NOC) for Park View Islamabad from the Capital Development Authority (CDA), the official said that the process of getting an NOC from the civic authority is underway.

According to the CDA website, the NOC of the project was cancelled in 2014. This map for the society is available on the website:


It is expected that Park View City will be completed within 2.5 years. Currently, road infrastructure is being worked on. Here are some of the latest images of the society:

   

The Park View City official could not give any date for the project’s official launch. If you will book a plot now, you will not be given any plot number; however, plot numbers will be confirmed at the time of the proper launch. If you are living in Lahore and want to book a plot in Park View Islamabad, you can do so by visiting the society’s office in Lahore.

The developer has already proven its mettle in Lahore, but the only issue I see with its project in Islamabad is that it does not yet have an NOC.

It would be too early to say anything about the investment prospects of the society. Let’s see how the future unfolds for the project. I will also keep you posted in this regard. If you have any queries about the society in mind, feel free to talk with me in the comments section below.