Inauguration of Margalla Avenue and the way forward
Honorable Prime Minister of Pakistan Mian Muhammad Shehbaz Sharif inaugurated the long-awaited Margalla Avenue Project on Tuesday, June 20, 2023, in Islamabad. The avenue will connect new sectors of Islamabad with GT Road.
The Country’s premier has inaugurated Phase 1 of the project which comprises 5.5 Km out of 35 Km in total length of Margalla Avenue.
Connecting the dots with Margalla Avenue
Phase 1 of the avenue incorporates the construction of a road from the E-12 toll plaza to Grand Trunk Road. This six-lane commuting project is completed at a total cost of 4 billion rupees.
These six lanes of Margalla Avenue as an important segment of Rawalpindi Ring Road will link Sangjani on GT Road while BaharaKahu (Murree Expressway) and Islamabad City on the east and west side respectively.
The celebrated Margalla Avenue will provide an alternative route to the Srinagar Highway to provide hassle-free access to the N-5 National Highway.
Margalla Avenue will expand from Grand Trunk (GT) Road to D-12 to connect to Khayaban-I-Iqbal due to the completion of the construction of an interchange and the remaining section of 11th Avenue. All these particulars are meant to reduce the traffic load on Srinagar Highway.
As per the given information, the project has gone through a few mandatory changes. The road consisted of four lanes (two on each side) earlier; now, it has been upgraded to a six-lane road. The road’s built-in quality is according to motorway standards.
The reduced commuting time
The Margalla Avenue will limit the travel time to just 7 minutes from Sangjani to Islamabad City.
The distance from D-12 to GT Road takes 40 to 50 Minutes of travel time which will be reduced to 10 to 12 Minutes after the completion of the avenue.
Previously, you could travel from Islamabad to CDA Sector B-17 Islamabad (Multi Gardens) in an hour time which has now cut-down to 15 minutes.
Immediate Impact on the Surrounding Real Estate Market
Comparison: CDA Sector B-17 vs. Faisal Hills Islamabad
As discussed above, the distance from CDA Sector B-17 to Islamabad has been reduced to 15 minutes from an hour; this fact has increased the real estate location of B-17 and Faisal Hills in comparison to properties in D-12.
For Instance 1 Kanal Plot in CDA Sector D-12 as of today is 12 to 13 Crore Rupees while the same size plot at 15 minutes distance in Faisal hills Islamabad is of 2 to 2.25 Crore Rupees.
Facilities in D-12 and Fasil Hills Islamabad
The flip side of the argument is that CDA Sector D-12 does not have up to the par basic facilities such as 24/7 Security, a designated administrative system, carpeted roads, colleges, universities, a water filtration plant, a stadium, mosques, a regular maintenance system, gated community.
On the contrary, the Fasil Hills has 24/7 Security, a designated administrative system, newly constructed carpeted roads, Roots International School and College System, a university campus, Ride and Tide Park, Cricket and Football stadium, Main Boulevard, downtown commercial, water filtration plan, and gated community are the name to few.
Get benefited with Property Naama Group
The decreased distance between renowned destinations encircling Margalla Avenue will result in the proportionality of property rates. Due to this much-needed development, the price chart of the real estate market of twin cities will be revised.
Here at Property Naama Group, we have a huge real estate portfolio on Margalla Avenue to cater to your ever-changing housing and commercial needs.
From the platform of Property Naama Group, we can offer residential plots for PKR 50, 00,000 /- and Commercial Properties (Flat, Shop, etc.) for PKR 70, 00,000 /- in Faisal Hills Islamabad with an easy installment plan.
The commercial shop which is being offered in CDA Sector D-12 is 5 Crore rupees, we will give same sized shop in Umar Hills Mall And Apartment situated in Faisal Hills Islamabad in just 1.25 Crore Rupees which would be profitable with a capital gain of 2 Crore Rupees in recent future.
You can book your commercial flat or shop in Umar Hills Mall and Apartment today with 3 3-year easy Installment plan and 10 % Down Payment.
Disclaimer:
Please note that the information provided in this blog post is for educational and awareness purposes only and should not be considered as professional advice.
Property Naama Group is not responsible for any investment decisions made by our clients or investors based on the information provided.
We highly recommend that you conduct your own research and seek the advice of a professional before making any investment decisions. Investing comes with risks, and it is essential to invest on your own responsibility.