Ever since the Capital Development Authority has vowed to make sure that the I-16 will be developed within a set period of time, this sector has emerged as a tremendously popular real estate attraction in Islamabad. Investors and real estate experts are extremely optimistic as the I-16 has been rid of a large number of land encroachments, making it a prime destination for investments and profitable returns

Developments across I-16 and Major Attractions

The sector I-16 is a centrally located real estate investment, in close proximity to the Islamabad International Airport and the main GT road. The construction plan locates it at the Capital Highway, adjacent to the Kashmir Highway making it the perfect investment for homeowners who seek to construct a dream house there.

Even though it is located on one of the busiest roads in the capital which has not yet been properly constructed hence; investors are waiting for the construction to complete before they start constructing their homes. However, the internal construction of sector I-16 has been finished for several years and aside from water, the sector provides all basic amenities and utility services. Soon the Capital Development Authority will provide the sector with its very own water supply connection.

The authorities have fully developed all plots, streets and roads and construction has begun throughout the scheme while all plots are available for possession. The sector is also home to various modern apartments which have also gained popularity amongst investors and homeowners.

Prospects & Prices

Prospects for sector I-16 are extremely promising and in only one year, the prices of 5 and 7 Marla plots have increased by an impressive 50%. Real estate experts are confident that in the next few months these prices will increase further which is why this is the perfect time to invest in this sector.

You can invest in a 5 Marla residential plot within the range of 3,000,000 to 4,000,000 along with 4-marla apartments and countless commercial and residential plots. This sector is surrounded by various modern infrastructural projects that are under construction and experts believe that by 2019, the prices in sector I-16 will increase by another 50%.

Moreover; it is expected that the new PTI-run government will reduce transfer fees along with Capital Gains Tax which will make it easier for homeowners and investors to purchase new assets.