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Originally Posted by Saad
Also, if you're looking to buy a house in Pakistan, I'd suggest that you get one in that Bahria Town schemes (there is one in Pindi that I know of). It's usually less of a headache, specially for expats and those folks are quite good at their job.
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Bahria town Islamabad will take ages to come to the market level of the rest of Islamabad. This is especially due to the fact that the Zone 1 areas of Islamabad itself are already in such good shape and well located. No one wants to drive 20 mins down Islamabad highway just to get into main Islamabad where all the main commercial, education and established residential areas happen to be.
So unless DHA Islamabad really kicks off (looking at the projects lined up has the potential to) it will remain a low demand area. And it will be especially low on rental returns in the medium term. A 4-5 bedroom house in Bahria town Isb goes for about 60,000 Rps/month. Something similar in F-8 Isb starts at atleast 100,000+. In the long run people might be driven out towards these projects if they kick off. But to be honest, if you've lived in Islamabad you would never want to live there at the moment.
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Originally Posted by Kilyas22
yaar the thing is the price of a 500 yards house in Islamabad in f-6 is around 2-3 crore which is half a million dollars in USA. and you can buy the same size of house here in midwest with that amount of money. I fail to understand the dynamics over here. If it is artificial or hike or based on speculation how does it manage to stay there for such a long period of time?
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To be honest unless that house is in demolishable condition that is a good deal, especially in F6! A 500 Sq Yards plot alone has generally got a starting price tag in that region.