B-17 is a sector of Islamabad, Pakistan, developed by the Multi-Professional Cooperative Housing Society (MPCHS). Also known as B-17 Multi Gardens, It is a well-known housing society in Islamabad City. It is located at the foot of Margalla Hills. It is an exquisite society that provides its residents with beautiful sceneries and a peaceful environment. B-17 Islamabad is an ideal investment opportunity in the current scenario of real estate business in Islamabad due to its location and world-class development. The prices of society have increased to a significant amount, giving the people who had previously invested in the community an advantage.
Multi Gardens was launched in 2004, but the society goes way back with the launch of its first housing project in E-11/3 named Islamabad Gardens in 1989 and E-11/1 in 2001. ICHS Town was also launched around the same time frame as this project.
Approval of layout plans for the society is per specified rules and regulations of the Capital Development Authority (CDA).
B-17 is a newly developing sector located in Zone II of Islamabad Capital Territory. The society is situated as such that it touches the GT Road from one side and Peshawar- Islamabad motorway (M-1) on the other side.
Islamabad International Airport and housing societies such as Blue World City, University town, and Kingdom Valley Islamabad are situated at only kilometers from the sector.
Multi Gardens was launched in 2004 in CDA sector of Islamabad spreading over an area of more than 16000 Kanal of Margalla Hills. The B-17 Islamabad society consists of areas earmarked for the sectors, namely A-17, B-17, and B-18.
The project can be accessed from the Main GT road that goes towards Peshawar. It has two gates, A & B situated on the main road.
Designated interchange from Islamabad- Peshawar Motorway (M 1) to G block of this venture has also been approved by FWO and will be constructed soon. Furthermore, an expressway is also under consideration that will touch the F-10 sector of Islamabad. This signal-free road of about 9 km will ensure the quickest travel route from society to Islamabad.
B17 Multi Gardens NOC
B-17 is a CDA issued no objection certification (NOC) to MPCHS for sector B-17 on 30th January 2018; it also has NOC issued by the Federal Directorate of Education for the construction of schools in the society. The details of the NOC of this housing scheme can be verified from the official website of CDA.
Acquiring NOC is essential for every residential society as it increases its chances of reliability and profitability. DHA Multan is one of the best and legal housing projects in Pakistan.
The housing project facilitates its occupants with world-class amenities, modern architecture, and a secure environment to raise a family. Lahore Smart City and Park View Villas offer basic and modern amenities to their residents as well. Some of the few facilities in Multi Garden b-17 Islamabad are listed as follows:
- 24/7 Water
- Underground electricity & Sui gas
- Mosque, Community center, Sport Clubs
- Medical center
- Police station
- Water Filtration plant
- Playground, Parks, Jogging tracks
- Hotels & Commercial center
- Recreational centers
- Shopping malls & Food Street
- Fuel Filling station
- Schools/colleges & Universities
The total area of B-17 Multi gardens society is around 16000 and is spread over the sectors A 18, B-17& B-18. The whole area is divided into blocks A, B, C, D, E, F & G and offers 5,8,10 Marla and 1 & 2 Kanal residential and commercial plots in different blocks of the society.
B-17 Islamabad Prices
Different plot sizes are available in A, B, C, D& Eon resale but the F block of the society offers four years installment plan, and the prices are increased by 20% due to the ongoing profit rates in the market. Though the plots in the society have already been sold out, the new payment plan is the revision of prices that will apply to any new blocks issued by the society officials. Society has increased the payment period for old bookings by lowering the installment amounts. The plot files in blocks are available for booking.
The recent development in the housing society has caught the attention of many in the region. The project is almost developed with about 700-800 houses already been constructed and is occupied. There is an extensive network of carpeted roads connecting all the blocks of society.
The development work in Block A, B, C, D, E &F has been completed, with people residing in them. Block G is the newest block in society, and the development work has not yet started in the area only a limited no. Of files are available for booking on a first-come-first-serve basis.
The balloting in MPCHS has always been held after a time duration of two installments, and the same was expected for the newest G Block. The second installment of the said block was due in January 2019.
Society has left no stone unturned in the development work and has provided out-class infrastructure to attract more people towards it.
Investment Perspective in MPCHS
In terms of investment, society offers a great opportunity, and all the blocks can be considered for a good return on investment. However, we advise you to invest in the newly launched blocks as the prices are relatively low in those areas and have immense potential in terms of development. G Block is the most suitable option if you are on a budget, the prices are incredibly affordable and available in installments.
Society has immense potential in terms of profit margin. If your budget is a little higher the best option for you is to invest in the F block, the plots are available on installments and possession is granted immediately.
As you can see from the above figure, the price index of 5 Marla plots has risen in a matter of months, even in the rough market situation of the real estate industry in 2019. The society is a promising one and will yield high profits on investment in a limited amount of time. The prices in this society are similar to those offered in Park View City and Taj Residencia, but the value of this project is far more secure and profitable.