New Islamabad International Airport is designed to serve the Islamabad-Rawalpindi metropolitan area and suburbs and it is near to the Highway and Motorway Interchange. New Islamabad International Airport is one of the largest airports in Pakistan in terms of passenger capacity. It is now serving approximately 9 million passengers every year and further planned expansions will allow it to serve up to 25 million passengers a year which is indeed a great number. Furthermore, it is expected that New Islamabad International Airport will become a major hub serving Northern Pakistan.
Well! We discussed the geography and capacity of New Islamabad International Airport but what about its impact on Real estate? It has been creating a lot of ripples of speculations among people there is still uncertainty as to what impact it will have on the real estate sector. The reason of the interest simmering in for this project is the development of infrastructure. The development of infrastructure will make life more convenient for the residents of nearest housing societies. The infrastructural developments mainly comprise of transportation and as we all know the new Metro Bus service is under process and scratched 25.6 kilometers between the Peshawar Mord Interchange and New Islamabad International Airport.
All the scheduled flights of Pakistan International Airlines (PIA) successfully operating. There are no such complaints about this Airport. People who have made investments in the nearby housing societies are now satisfied as they are getting more and more benefits from this location. As we all know the Airports plays a considerable role in economic development, secondly the surrounding areas to Airports are always more developed and up to date to increase the importance of Airports even more.
Located near New Islamabad Airport, Upcountry Enclosures is a housing scheme where the development work is almost complete. There are relatively all size of plots are available in this society and the amenities are also top class. The prices of plots in this housing society are increasing in a matter of months and this is the reason why it is a good option to invest in this society. For genuine buyers also who are interested to build home, this society is a perfect place.
There are number of societies near New Islamabad International Airport working tremendously good even before the inauguration of Airport but now these housing schemes increase their prices several times after the inauguration. There are multiple well known societies where possession is available and all the basic amenities are already available are now benefiting more due to New Islamabad International Airport presence close to them. Genuine buyers can buy a plot and start constructing their homes which is such a great impact.
The are some housing schemes offering less prices of land as compared to other housing schemes. The low price of land is a center of attraction for investors looking to invest a mediocre amount in the real estate sector. The New Islamabad Airport, playing an important role in this specific area of the city where a large number of people will be served annually. As a result, the population will increase in the surrounding areas and businesses will flourish thus contributing to the economy as a whole. Even if you invest in the commercial sector of these mentioned housing schemes, you can take your business to new heights.
