Benefits of CDA 16th and 17th Avenue construction for Housing Societies
Ch. Muhammad Ali Randhawa, Chairman of The Capital Development Authority (CDA, has recently announced the construction of 16th and 17th Avenue in Islamabad. Moreover, he has announced several other projects in the I-16 and I-17 sectors of CDA.
This construction project will benefit all private housing societies and commercial investments.
Construction of 16th and 17th Avenue
The two roads named 16th and 17th Avenue will be part of this project. These two roads will come from the Kashmir Highway(Srinagar Highway).
The 16th Avenue will pass through between the I-16 and I-15. Similarly, the 17th Avenue will go towards I-16 1 and I-16 2. Moreover, there will be several Interchanges on the Kashmir Highway in the planning of this project.
The construction location of 17th Avenue at the site where “The Eighteen Islamabad” has got approval for their separate interchange. On the one side of this site is Faisal Town Phase-1, and The Supreme Court Housing Society is situated. On the other side, “The Eighteen Islamabad” is nestled. So, all these housing societies will benefit from this infrastructural development.
From here, the 17th Avenue will lead to the Rawalpindi Ring Road, crossing from the center to the Faisal Town Phase-2.
So all the housing societies passing through this road will benefit.
Housing Societies to Benefit From This Project?
Here is the list of the housing societies to benefit from this infrastructural development project:
- The Up-Country Enclosures Housing Scheme
- Faisal Town Phase-1
- Faisal Town Phase-2
- The Eighteen Islamabad
- CDA sectors I-14, I-15, I-16 ,and H-16
- All the housing societies on Girja Road Rawalpindi: Fazaia Housing Scheme, Capital Smart City, Al-Haram City, Kohistan Enclave, Gulshan-e-Iqbal, DHA Rawalpindi, and more will benefit.
Infrastructural Development Planned Under the Project
There will be different infrastructural developments in the CDA sector I-16 and the Surroundings of I-17. For Example, The Medical City under the National University of Medical Sciences (NUMS) is part of this project.This Medical City will have a 1600-bed hospital and research facilities.
Similarly, the Central Islamabad Jail and other projects related to municipal affairs come under this project.
Possible Benefits of This Infrastructural Development
Here are the potential benefits for the residents and investors of the housing societies surrounding 16th and 17th Avenue:
Higher Return on Investment (ROI)
Improved infrastructure attracts more buyers and tenants, increasing property demand, rental yields, and property appreciation.
For Example, with the announcement of this project, the property values have increased by 10 -15 lac rupees per Marla plot in CDA sectors I-14, I-15, and I-16.
Attractiveness to Commercial Ventures
Good road networks make housing societies more attractive to commercial enterprises, potentially leading to the development of shopping centers, offices, and other business ventures, further driving up property values.
Increased Development Opportunities
Investors may find new opportunities for residential and commercial projects along the new roads, capitalizing on the enhanced connectivity and demand.
Enhanced Marketability
Properties in well-connected areas are not difficult to market and sell, making them more liquid investments. The promise of ongoing and future infrastructure improvements can be a strong selling point.
Reduced Traffic Congestion
New roads can help distribute traffic more evenly, alleviating congestion on existing routes and making daily commutes smoother and more efficient.
Contact for Information and Consultation
For booking an appointment with our real estate consultant and other details of the topic, you can reach out to us via :
Our Email address: Info@propertynaama.com
Oversees Clients (For Call Only):
UAN: +92 332 7777888
Overseas and Domestic Clients (For WhatsApp):
WhatsApp: 0331 0105531
