Chakbeli is an emerging real estate location in Islamabad that is gaining a lot of attention in the real estate market. Located on the outskirts of Islamabad, Chakbeli is considered a crown jewel in the real estate market due to its location, infrastructure, and future potential. In this blog, we will explore why Chakbeli is a crown jewel in the real estate market of Islamabad with stats to support its potential.
Location of Chakbeli:
Chakbeli is located on the eastern outskirts of Islamabad, just a few kilometers away from the Islamabad Expressway. The location of Chakbeli provides easy access to the twin cities of Islamabad and Rawalpindi, making it a popular choice for people looking for a convenient and peaceful living environment.
Infrastructure in Chakbeli:
One of the key factors that make Chakbeli a crown jewel in the real estate market of Islamabad is its infrastructure. Chakbeli has modern infrastructure facilities such as electricity, water supply, and road networks that are well connected to the rest of the city. The area is also equipped with modern amenities such as parks, playgrounds, shopping centers, and educational institutions, making it an ideal location for families.
Potential of Chakbeli:
Chakbeli has enormous potential in terms of real estate development. The area is still in the development phase, which means that there is plenty of room for growth and expansion. The government has also announced several development projects in the area, including the construction of a new hospital, the expansion of the Islamabad-Rawalpindi Metro Bus Service, and the establishment of a new industrial zone. These projects are expected to boost the real estate market in the area, and as a result, property values are likely to appreciate in the coming years.
Stats on Chakbeli’s Real Estate Market:
According to data from Zameen.com, one of Pakistan’s leading property websites, Chakbeli is a rapidly growing real estate market. The area has seen an increase in the demand for both residential and commercial properties over the past few years. In 2021, the average price of a 1 kanal residential plot in Chakbeli was around PKR 30 million. The average price of a 5 marla residential plot was around PKR 10 million. Similarly, the average price of a commercial plot in Chakbeli was around PKR 300 million in 2021.
Conclusion
Chakbeli is a crown jewel in the real estate market of Islamabad due to its location, infrastructure, and potential for growth. The area has seen a surge in demand for both residential and commercial properties in recent years, and the government’s commitment to development in the area is expected to boost the real estate market even further. With its convenient location, modern infrastructure, and future potential, Chakbeli is quickly becoming one of the most sought-after locations for real estate investment in Islamabad.