Blue World City is a real estate project located in the capital city of Islamabad, Pakistan. Developed by Blue Group of Companies, the project aims to provide affordable housing options for the middle-class population in Pakistan.
While the project has gained popularity among the masses due to its location and promised amenities, there have been questions raised about its legitimacy and credibility. In this blog, we will do a detailed analysis of Blue World City, its pros and cons, and whether it is real or a fraud.
Location:
Blue World City is located on the Chakri Road, which is in the vicinity of the New Islamabad International Airport. This location is considered prime as it provides easy access to the airport and other major highways in the area.
Amenities:
The project promises a range of amenities including a water theme park, sports complex, community center, and a state-of-the-art security system. The project also claims to have a dedicated transport system and a power backup system to provide uninterrupted electricity.
Pros:
The prime location of the project and promised amenities are some of the key advantages of investing in Blue World City. The project also provides affordable housing options for the middle-class population, which is a major requirement in Pakistan.
Cons:
Despite the promised amenities, the project has faced criticism for its slow pace of development. Many people who have invested in the project have complained about the lack of progress, which has led to delays in the possession of plots. There have also been questions raised about the credibility of the project, with allegations of fraud and mismanagement.
Real or Fraud:
While there have been allegations of fraud and mismanagement, Blue World City is a legitimate real estate project that is registered with the relevant authorities in Pakistan. However, investors should be cautious and do their due diligence before investing in the project.
Stats:
According to data from Zameen.com, Blue World City is one of the most popular real estate projects in Islamabad, with over 2,000 searches per day on the website. The project has also witnessed significant growth in the past year, with the average price of 5 marla plots increasing by 28% and the average price of 10 marla plots increasing by 34%.
In conclusion, Blue World City has its pros and cons, but it is a legitimate real estate project that provides affordable housing options in a prime location. While investors should be cautious and do their due diligence, the project has witnessed significant growth in the past year, making it a potentially lucrative investment opportunity.