Pakistan’s current state of the real estate industry has allowed it to become one of the country’s biggest business hubs. Every other day new projects are coming on the rise and are added to the list of desirable investment opportunities for both young and seasoned investors in the industry. Amongst the rising number of investment opportunities today, we will be shedding light on a new project known as Nova City Islamabad. Without further ado, let us get started by explaining it in detail and why it is worthy of becoming your next real estate investment.

What is Nova City Islamabad?

This project is developed by the Nova Group and aims to be a well-designed and masterfully planned real estate development in the area of Islamabad. This is a PHATA-approved housing society which further adds to its credibility in the early stages of this development. Nova City Islamabad is also going to provide state-of-the-art facilities to its residents, which will make life luxurious for its residents. The standards of security being upheld in this society are also going to be up to the mark, which increases its attraction for investors. If it wasn’t for the utility and experience it brings, it also convinces people to invest, as its properties are nothing short of a status symbol for the one who owns them.

This development is further divided into Pueblo block, Overseas block, E-Sports block as well as Villa.

Royale of which offers varying properties with great ease in payment methods.

Nova City Islamabad Payment Plans

Payment plans are one of the first things on someone’s mind today whenever property investment gets discussed. Without explaining in detail why one needs to invest in Nova City Islamabad, we should discuss its very affordable and attractive payment plans.

Payment plans are aimed at providing ease of payment for a buyer/investor of property and go a long way in convincing people to buy. Nova city Islamabad being a state-of-the-art development by reputed developers, has given options for different payment plans to make the investment all the easier.

Nova City Residential Plots

5 Marla plots in this development, the rate is 19,95,000 PKR with a down payment of 1,99,500 PKR. There are also options of 40-month installments at a very affordable rate of 19,500 PKR. 8 half-yearly installments of 45,000 PKR, whereas the amount of 456,000 PKR has to be paid on ownership of the property.

8 Marla property plots have a total price of 40,04,000 PKR. Booking starts at 500,000 PKR, 20,000 payments for the 40-month installment plan are available, and for 8 half-yearly payments, one has to pay installments of 158,000 PKR. The possession price is 1,131,200. The confirmation price is 405,000 PKR with a down payment of 810,000 PKR.

10 Marla plots have a total price of 5,000,000. The booking price is 500,000. 40-month installment plans are for 25,000 PKR. 8 half-yearly installments are for 200,000 PKR, and possession is for 1,400,000 PKR. Confirmation is for 500,000 PKR, whereas the down payment for these plots is 1,000,000.

1 Kanal plots have a total price of 9600,000 PKR with a booking price of 712,000 PKR. The 40 monthly installment plan will have payments of 43,800 PKR, and 8 half-yearly installments will be of 400,000 PKR each. The plot possession price is 2688,000 PKR; confirmation Is 980,000 PKR. The down payment on 1 Kanal plot is 1,960,000 PKR.

The plots for 14 Marla’s and 2 Kanal are also available at very affordable rates.

Commercial Plots Payment Plans

The commercial plots available for investment are 4 Marla’s and 8 Marla’s. The total price of 4 Marla commercial plot is 60,00,000 PKR. The booking price for these plots is 12,00,000 PKR. For the 8 Marla plots, the total price is up to 12,000,000 PKR, with the booking price being 24,00,000 PKR.

Pueblo Block Payment Plans

In this block of nova city, Islamabad, the property of 4 Marla’s and 8 Marla is available for investment.

Total price of plots of 4 Marla’s 6,000,000 PKR, a down payment of is of 1,200,000 PKR, 40 monthly installment plans are available for 75,000 PKR, and the 8 half-yearly installments are 225,000 PKR. For the 8 Marla plots, the total price of the plot doubles in comparison to 4 Marla plots for each category of payment.

Overseas Block Payment Plans

The properties available here are 125, 250, and 500 square yards in the area. For the 125 square yard properties, the total price is 2,250,000 PKR, down payment is 450,000. 40 monthly installments of

Twenty-nine thousand five hundred need to be paid, whereas the 8 half-yearly installments of 77,500 PKR need to be paid.

For the 250 square yard properties, the total price is 4,150,000 PKR, and the down payment is 830,000 PKR, 40 monthly installments need to be 49,999 PKR, and the 8 half-yearly installments need to be 165,005 PKR.

Five hundred square yard properties will have a total price of 8,000,000 PKR, and 1,600,000 PKR is the down payment. 40 monthly installments of 99,000 PKR need to be made with 305,000 PKR for the 8 half-yearly installments.

E-Sports Block Payment Plans

Eight Marla plots in the E-sports block of nova city Islamabad are available in either 8 Marla’s or 14 Marla sizes. The total price for 8 Marla plots is 4,040,000 PKR with a booking price of 405,000. The confirmation can be done at the same rate with a down payment of 810,000 PKR. The installment plans are also available for 8 half-yearly installments of 150,000 PKR and 40 monthly installments of 20,870 PKR. The possession is available for 1,131,200 PKR.

For the 14 Marla properties, the total price is up to 6,750,000 PKR, and 712,000 PKR is for booking with the same rate for confirmation. The total down payment on this property will be 1,425,000 PKR, the 40 monthly installments can be paid at the affordable rate of 30,875 PKR. 8 half-yearly installments are 275,000 PKR, with possession being available for 1,870,000 PKR.

Villa Royale Payment Plans

The total price for the 2 ears installment plan will be 17,500,000 PKR; booking starts at 2,000,000 PKR confirmations for the same price. Monthly installments of 4,000,000 PKR need to be paid, with a possession price of 5,500,000 PKR. On the other hand, for the 3-year installment plans, the total price will be 19,500,000 PKR, booking and confirmation is at 2,000,000 PKR, the monthly installments of 6,400,000 PKR needs to be paid, with possession at the rate of 5,100,000 PKR.

Nova City Islamabad Location

With every real estate project, the location holds a very important key to its success. The location of a project cannot be modified whatsoever. The developers of nova city Islamabad have carefully picked an ideal spot to provide maximum utility to visitors and residents alike.

Its prime location is connected to the motorway allowing this project to become a sort of meeting point for the CPEC and Ring Road’s Interchanges. It has state-of-the-art neighboring projects, which further amplify its significance in the real estate market. Projects such as Education City, Expo Center, Aerotropolis and more are only a few minutes’ drives away from the development.

This location makes this development extremely accessible from surrounding areas. This development is a short 4-minute drive away from Kanal. 7 minute’s drive from Bango, 9 minutes drive away from M2

The motorway is about 32 minutes drive away from Rawalpindi, 27 minutes from Islamabad, and 22 minutes away from Islamabad International Airport.

Nova City Islamabad NOC

For the success and credibility of a project, the investors often want to know if the property project has had its NOC approved or not. There is great news for investors of Nova City Islamabad, as it has allegedly gotten its NOC approved by the Tehsil Municipal Administration (TMA) Fateh Jung and Punjab Housing and Town Planning Agency (PHATA) under the issuance letter id PHATA/W-I/PHS/2021/690.

Facilities Planned for Nova City Islamabad

Any prominent housing society is incomplete without the presence of facilities that aid in the living experience. Facilities are another big factor in making or breaking the success of an area in real estate.

Although at the present state of development there isn’t settlement of a big number of facilities we can assure, judging from the trends found in previous luxurious developments, that Nova city Islamabad is not going to come short when it is providing the facilities to its residents. Commercial property (as aforementioned) is already up for grabs, so there are great chances that as the development nears completion of all the utilities and commercial recreational setups will be established within this project.

Conclusion

We hope this article has been informative for you. Are you interested in other projects in Islamabad and Rawalpindi? Click here to read about our guides on Bahria town and DHA. For more articles and guides on real estate read our blog on S and S consultancy.