Islamabad, the capital city of Pakistan, is renowned for its well-planned infrastructure, modern amenities and high-quality lifestyle. As it is an administrative hub, people from other cities are shifting to Islamabad for a better future and lucrative business opportunities. Mostly, people have a tight budget and are looking for affordable apartments in Islamabad.
Several projects and societies, such as Multi Gardens B17, offer luxury apartments at reasonable prices to accommodate diverse financial budgets. The apartments for sale in Islamabad are also available on easy monthly or quarterly installments.
Our blog explores various options to meet the needs of people, especially apartments for sale in Islamabad under 3 lac.
Where to Look for Affordable Apartments in Islamabad
Suppose you’re on a tight budget and still looking for an apartment in Islamabad under 3 lac. In that case, you should look for under-development projects or developments on the outskirts of the capital city.
Below are some key areas where you can look for luxury apartments in Islamabad at highly reasonable costs:
Pre-launch or Under Construction Projects
The developers of under-construction or newly launched projects in Islamabad offer flats at affordable rates or on a flexible payment plan. For instance, Faisal Heights in Block C of Faisal Town Islamabad Phase 1, provides apartments at a 12,950 per sq ft rate.
During the early stages of under-construction projects, residential units are ideal for individuals seeking flats in Islamabad at reasonable prices. However, these projects might see delays in completion or delivery of possession.
Developing Areas
Primarily, apartments in the developing or outskirts areas of the city are available at reasonable costs. Islamabad’s Zone IV and V or B17 and D17, are not considered areas in the center of Islamabad. So, the apartments in these areas are available at reasonable rates.
These societies, such as Faisal Town Islamabad and Multi Gardens B17, provide an opportunity to be a part of Islamabad’s real estate market without breaking the bank. If you’re willing to live in the capital city but have a low budget, then look for options in developing areas.
Apartments on Installments
It is ideal to get an apartment in Islamabad on an installment plan rather than a full cash payment if you have a tight budget. Several societies and high-rise developments, such as Multi Gardens B17, Faisal Town, Address 17 and other projects, offer luxury apartments on easy installment plans spanning over several years.
The apartments on installment not only ease the ownership, but also break down the large price into manageable, small monthly or quarterly installments. This approach makes owning a flat in Islamabad easy without stressing the mind with financial constraints.
Smaller Units
The smaller the unit, the lower the price, and this applies to Islamabad as well. Studio and 1-bed compact apartments are ideal for a low-budget group of buyers and investors.
These types of flats are particularly designed to meet the budget constraints of potential buyers and investors.
Factors Beyond Price
Some factors beyond price must be kept in mind before investing in any society or project in Islamabad. Among the notable are:
- Developer’s Reputation: The reputation of the developer behind any project plays a crucial role in the project’s success and desirability. For example, Faisal Town Group Pvt Ltd, owned by Chaudhary Abdul Majeed, is a highly reputed and trusted real estate group in the Twin Cities. So, projects by Faisal Town Group, including Faisal Town Islamabad, are reliable and profitable.
- Location & Connectivity: The prices in the project close to the essential facilities, such as schools, hospitals, the airport and transport hubs, are higher than those that are not easily accessible. Moreover, the potential future development of various projects with well-planned roads will connect them to business centers and necessary facilities.
- Validity and Legitimacy: Before investing in any project, ensure it is an approved or legal project. Visit the official website of relevant authorities, such as the Capital Development Authority (CDA), to confirm the NOC approval of any project in Islamabad. The CDA-approved project guarantees that your investment is secure and that there will be no future complications.
- Hidden Cots: If you’re investing in apartments on installments in Islamabad, make sure there are no extra charges that are not advertised. Visit the official sales management of the project and demand a complete payment plan. The payment plan generally includes a down payment, confirmation fees, registration fees, installments and possession charges.
Final Verdict
It is hard to get an apartment for sale in Islamabad under 3 Lac. However, it does not mean it is impossible. You must research under-construction projects, pre-launch rates and developing areas. There is a possibility of availability of luxury apartments within the low budgets.
The apartment on installments is the best option for affordable residential options in Islamabad. This approach not only provides an opportunity to pay the total price of the unit in easy installments over several years but also makes ownership more convenient.
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