- September 27, 2022
- Posted by: Huma Ishfaq
- Category: Blogs
Park View City is the most distinguished housing society in the heart of Islamabad surrounded by surreal landscapes of Margalla Hills. It is a privately authorized housing scheme in Zone IV. Park View City Islamabad is a legal society that borders botanical gardens and has easy accessibility to all the main points of the city. Vision Group takes charge of developing the society which is successfully running many similar projects in Lahore and Karachi. Senior politician and a famous philanthropist Mr. Abdul Aleem Khan heads the project.
The ideal location of the project, fast pace of development, and standard infrastructure are making the project most lucrative in the capital. As a result, many local and foreign investors are interested to invest in the project.
Park view city Location
Location is the most important factor which decides the worth and market value of any property. It is also the top priority of the investors. The project is located at a premium location as it is in proximity to three major roads of the city, surrounding the Islamabad Zoo and Botanical Gardens with the background view of Margalla Hills. Bahria Enclave and Park Enclave are present adjacent to the society. Also, you can easily access Bani Gala and Chak Shahzad, Kashmir Highway, and Islamabad Expressway from the society. In addition, it directly connects Kurri Road through Malot Road and is an easy 15 minutes drive to Blue Area Islamabad. In short, Park View City is easily reachable from all the important points of the city.
Park View City NOC
Park View City Islamabad is a legal society that has completed a set of legal processes. It has received its approval from the Capital Development Authority (CDA) which is a development authority of Islamabad’s municipal services. The No Objection Certificate is issued which is the most appealing feature of Park View.
With the most amazing environment, the society also aims to deliver international standard infrastructure for commercial and residential settings. The NOC is necessary for all housing projects and Park View housing society takes pride in getting an authorized NOC with the complete set of CDA-certified documentation.
Park View City Master Plan
Park View City Islamabad stretches over the area of 1,200 Kanal. The NOC from CDA confirms that the land acquisition is completed for the society and the infrastructure is all set to be developed in the near future. However, an extension might occurs due to the high demand for the plots. The land area of the society further subdivides into many residential and commercial zones. The sub-sectors of the residential zone in Park View Islamabad are called blocks and there are plots of various sizes in each block.
The residential plots of the following sizes are available in Park View Society Islamabad.
- 5 Marla: In A, B, F, J, and K Blocks
- 8 Marla: In J Block
- 10 Marla: In A, B, F, H, and I Blocks
- 1 Kanal: In B, C, E, F, N, and M Blocks
- 2 Kanal: In D and P Blocks
All the blocks of Park View City are under the process of rapid development and the possession is already available in A, B, C, and D. In addition, sector H is under construction along with the other blocks and as per demand. Moreover, possession will be shortly available for those who book a plot with a down payment of 25 % only. This is the best time for investors to take advantage of this opportunity.
Park View City Payment Plan
The Payment Plan of the society is user-friendly and designed comprehensively for the ease of customers. The down payment usually starts from 10% to 30% while you can pay the rest of the amount in easy monthly and quarterly installments. A 5-Marla plot in PVC is available for PKR 8.5 million, a 10-Marla plot is available for PKR 16 million while a 1 Kanal plot will cost you up to 35 million.
You can book these plots by paying the 25% down payment. You can pay the rest of the dues in 8 quarterly installments. In addition, you have to pay a membership fee which is PKR 7,500 for a 5-Marla plot, PKR 15,000 for 10-Marla, and PKR 25,000 for 1 Kanal.
You have to pay 10 % higher on category plots as compared to the regular plots. These plots include Corner plots, Park Facing plots, and the Main Boulevard plots of the society.
There is a reduction of 5% on the total price of the plot on the full payment. You can avail yourself of this discount if you do not opt for the installment plans.
The prices of real estate in Park View City are viewed a little higher than other housing societies such as University Town and Lahore Smart City but are lower than the other legal societies of Islamabad like B-17 and ICHS. However, it offers the best investment opportunity in the long term.
On-going market trend and price index
Currently, the market demand for plots in Park View City is constantly increasing. Many potential homemakers are opting to buy plots due to the remarkable amenities offered by society. The attractive location, provision of facilities, and affordable prices offered are contributing to the popularity of the housing scheme.
The prices of plots have increased a lot in just 2 years. A 5-Marla plot was costing about PKR 43 Lac in 2020 which is now costing about PKR 85 lac which shows a significant hike in prices. Prices are constantly increasing with time and progress in development.
The residential plots of 5-Marla and 10-Marla and commercial plots of 6-Marla are greater in demand as it is easy to trade these properties. The demand for 1-Kanal plot is also increasing as the buyers prefer a spacious plot for constructing the house.
Apart from the beautiful location, the facilities Park View Society is offering are outstanding. Following are the facilities that the society offers:
- There is 24/7 provision of Electricity and Water resources.
- In addition, the society will provide a gas pipeline.
- There will be an international standard waste disposal system.
- Moreover, there will be strict security checks, guards, and also motion sensors that ensure the security of the residents.
- There will be parks and playgrounds for kids.
- The society has designated areas for the green belts.
- Furthermore, there will be shopping malls and famous restaurant chains.
- For entertainment purposes, there will be cinemas, zoos, and community centres.
- There will be a sports complex too for the residents.
- Also, there will be top-notch health centres and educational institutions.
Frequently Asked Questions
Where is Park View City Located?
Park View City is located at an ideal location in zone IV of Islamabad on Malot Road adjacent to Bahria Enclave.
Who is the Owner of Park View City?
Vision Group owns Park View City. A senior PTI member Aleem Khan heads the project.
Is Park View City Islamabad Legal?
The society is legal and approved by CDA and the NOC is issued.
The society is located at a premium location with amazing views and astounding investment opportunities. With international standard facilities and NOC from the CDA, the society is soon going to take over the market. With all the perks, Park View City appears to be an incredible housing venture opportunity for both investors and potential homemakers.
For more information on profitable investment in Islamabad, you may want to read about Nova City Islamabad and Gulberg Green Islamabad.