ProPropertyISB/RWPPark Enclave Islamabad

Park Enclave Islamabad

Located on Park Road next to Chak Shehzad Farms, Islamabad

Details

Lifestyle Super Luxury | Elite
Type Residential | Commercial
Approving Authority CDA
Access Murree Road, Kashmir Highway, Islamabad Expressway, Rawal Road
Access Level (to date) Medium
Project Area xx
Progress 30% (Approx.)
Promised Completion Time xx
Developed By Capital Development Authority (CDA)
ROI Long-Term

About

Park Enclave is a famous project as it is owned and governed by CDA itself. The project is located on Park Road next to Chak Shehzad Farms which makes it easy to access from various routes.

The society offers multiple plot sizes ranging from 70 lacs to 07 crores which makes it a society suitable for people in this budget bracket.

Park Enclave has 3 phases that are being developed at an average pace but for investors, Phase 3 offers a variety of perks that are discussed in later sections.

It is a 10-15 min drive from Serena Islamabad and is considered the nearest society among all available options from Islamabad.

High-speed Murree Road, Kashmir Highway, and Islamabad Expressway can take to reach Park Enclave via Park road.

The prices are as high as 278 lacs for 1 Kanal plot in Phase 3, yet it has attracted the keen interest of investors due to its safety features as owned by CDA itself.

The price plan in depth can be found below with other relevant details.

CDA itself is the developer of this society which yet again is considered a jewel in the crown of Park Enclave.

Amenities

  • Commercial Hubs
  • Educational Institutes
  • Gated Community
  • Grand Mosque
  • Health Care Facilities
  • LED Street Lights
  • Parks
  • Playground
  • Security Patrolling
  • Sewerage Disposal System
  • Surveillance and Security
  • Underground Electricity
  • Walkways/Jogging Tracks
  • Water Filtration Plant

Property Types

Commercial

Commercial area in Park Enclave does not have designated sizes. The plots can be bought after bidding and it depends on CDA to advertise bidding dates.

In other words, in this society you cannot purchase commercial area directly.

Residential

The society has 3 blocks with different plot sizes and price ranges.

Phase 1

This phase has 781 plots of 1 Kanal and 61 plots of 2 Kanal (All Sold and only available on profits)

Phase 2

Only 1 kanal plots are available in this phase making it specific for people who are interested in this size.

Phase 3

5, 10, 14 Marla and 1 Kanal plots are available in Phase 3 which is a hot cake for investors and well as end users.

A comprehensive price plan of all these phases can be found in successive section.

Plots
Size
Price
Size
5 Marla
Price
PKR 77 Lac
Size
10 Marla
Price
PKR 1.51 Crore
Size
14 Marla
Price
PKR 1.98 Crore
Size
1 Kanal
Price
PKR 2.78 Crore

Vicinity

  • Islamabad City
  • Banigala
  • Gulberg Greens
  • Chak Shehzad
  • Park view city
  • Naval Farmhouses
  • Bahria Enclave
  • Comsats University
  • Rawal Town Society
  • National Institute of Health
  • Rawal Dam

Development Status

Developers

Park Enclave unlike other societies in owned by by CDA itself which is the approving authority while also holds the stakes in its development.

This has minimized concerns of people as CDA has many landmark projects serving its worthy symbol.

Master Plan

Park Enclave is duly approved by CDA and other relevant departments making it a sweet choice for dealers and investors.

A comprehensive layout plan has been developed by CDA as shown in the image.

Payment Plan

Price Trends

The people have shown interest in the society as all the plots in Phase 1 have been sold and are on profit of 30-60 lac.

The buyers as well as investors have compelled the authorities to launch phase 2 and 3 that has also shown major success despite of skyrocketed rates.

Furthermore, all the plots in all these phases are on profit and the byers have earned huge return on investment.

Rumors and Controversies

Since, this project was launched 9 years back, it has faced serious criticism of slow development progress.

Even Phase 1 of the society lacks some of the basic commercial facilities that has limited domino effect of sale and purchase.

Secondly, the price tag of plots in this society is quite high as compared to other project like Gulberg Greens, Park View etc.

In simple words, a 10 Marla plot here is equal in price to that of 1 and 2 Kanal plots in the said societies in its vicinity.

The investment here is believed by realtors to yield long term ROI because of its high prices, low development indicators and market comparisons.