Looking to buy Residential Plot for sale in University Town? Here is what you should know.
Why Buy a Residential Plot in University Town?
A masterpiece surrounded by scenic beauty and breathtaking views of Islamabad, University Town, provides an affordable and comfortable living. The project was initiated in 1992 and launched in 2005. The location paired with modern amenities and affordable rates makes it an ideal choice for many. University Town is situated near the Lahore-Islamabad Motorway Interchange on Kashmir Highway. The housing society has all the relevant planning permissions and the no-objection certificates (NOCs) from authorities. Eversince the New Islamabad Airport became operational, the project has witnessed a rise in property value, and is being increasingly discussed in the real estate industry. According to the real estate experts, the comparatively-low prices factor in for the popularity of the project.
What are the Types of Residential Plots for Sale in University Town?
The project comprises six different blocks: A, B, C, D, E, and F. The society is spread over 7,500-Kanal and features residential and commercial plots. Some of the blocks in the society have already been developed while the rest are in the developing phase whereas block F is yet to be developed. Block A, B, and D have been developed and handed over to the allottees. 75% of the development work is completed in Block E. You can easily find 5 and 10-marla residential plots along with that sized 1 Kanal. Furthermore, Block A plots are ready for possession however the developers are not yet handing over the possession plots in the remaining blocks.
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Types of Residential Plots for Sale in University Town
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5 Marla
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10 Marla
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1 Kanal
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What is the Sale Price Trend for Residential Plots for Sale in University Town?
Factors like the development status and possession determine the price of residential plots in University Town hence, the prices vary per block. You can easily find a 5 Marla house in (A, B, or D block) starting from PKR 20 Lakh to PKR 24 Lakh. A 10 Marla residential plot can cost a minimum PKR 30 Lakh to PKR 35 Lakh. Whereas, the 1 Kanal plots in the society range between PKR 50 Lakh to PKR 60 Lakh.
The prices in Block E of University Town are slightly cheaper. As mentioned above 75% of the development work has already been completed and the possession of the plot will be provided on completion. Hence the price of a 5 Marla plot in Block E is approximately between PKR 16 Lakh to PKR 18 Lakh. You can find a 10 Marla plot for a price between PKR 24 Lakh to PKR 27 Lakh and 1 Kanal plot for PKR 40 Lakh to PKR 50 Lakh. Moreover, Block C and F are the least developed so the prices are the lowest however their prices are likely to increase with the development.
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Sales Price Trend for Residential Plots for Sale in University Town Block (A, B & D)
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5 Marla
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PKR 20 lakh – PKR 24 lakh
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10 Marla
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PKR 30 lakh – PKR 35 lakh
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1 Kanal
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PKR 50 lakh – PKR 65 lakh
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Sales Price Trend for Residential Plots for Sale in University Town Block E
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5 Marla
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PKR 16 lakh – PKR 18 lakh
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10 Marla
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PKR 24 lakh – PKR 27 lakh
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1 Kanal
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PKR 40 lakh – PKR 50 lakh
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Sales Price Trend for Residential Plots for Sale in University Town Block C & F
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5 Marla
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PKR 10 lakh – PKR 15 lakh
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10 Marla
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PKR 16 lakh – PKR 22 lakh
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1 Kanal
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PKR 28 lakh – PKR 40 lakh
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Salient Features of University Town
A life without the basic facilities is unthinkable, and University Town ensures that they provide all the necessities along with modern-day facilities to its dwellers. The basic necessities including water, electricity, gas, and telephone lines are already there. Apart from the basic amenities, University Town offers some matchless facilities which include walled, gated, and a guarded community, lush green parks, children playground, and sports ground with jogging tracks, supermarts, schools, and mosques. All these facilities make this society an epitome of comfort, luxury, and peace for its dwellers.
Reasons to Invest in University Town
The price trend of this society is definitely a plausible factor that gives every reason for investors to consider when purchasing a residential plot. University Town is economical, however, the prices are likely to increase eventually as the society shares its border with ‘Eighteen’ — which is the most expensive housing society in Pakistan. Furthermore, there is a possibility that University Town will benefit from shared link roads with this elite housing society. With the growing population in Islamabad, the demand for property has also increased — further increasing the property prices. The real estate market of Islamabad has witnessed an increase of up to 1-15% in the prices of plots in University Town.