Islamabad Cooperative Housing Society (ICHS Town)

Overview

The Islamabad Co-operative Housing Scheme’s low-income housing project is called Islamabad Cooperative Housing Society (ICHS Town). It is one of the housing developments situated close to Rawalpindi and Islamabad. It provides its inhabitants with entertainment in addition to the needs of a cozy home.

This semi-government housing project was started to give low- and moderate-income households a decent place to live. The housing estate has stunning views of the beautiful Margalla Hills and is close to Islamabad.

Official Inauguration

Although the society first started with E-11/3’s Islamabad Gardens in 1989 and E-11/1 in 2001, Multi Gardens was only established in 2004. Around the same period as this project, ICHS Town was also introduced.

Layout designs for the society must be approved by the Capital Development Authority’s (CDA) specific laws and regulations.

(ICHS) Town Location

The housing project is located close to Fateh Jang Road, which is roughly 42 kilometers away from Islamabad’s zero point. It is among the communities with easy access to the recently constructed Islamabad airport.

Society benefits from its location because it is only 3 km from the CPEC route and 4 km from the New Islamabad International Airport.

The following indicates how far the society is from the nearby cities:

Fateh Jang 20 kilometers
Islamabad lost by nil. 42 kilometers
Highway 15 km
Rawalpindi 37 kilometers
Murree, 77 kilometers
Gandhara forty-two kilometers
112 kilometers to Abbottabad

Total Area

The housing project occupies roughly 5500 Kanal of land in total. About thirty to forty thousand residents are said to have their housing needs met by the group.

Town Master Plan for ICHS

This society’s master blueprint was created by the Zoom creators. For your convenience, we have attached the master plan for this prestigious project below:

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Capital Smart City
Blue World City
Park View City
University Town
ICHS Town
Faisal Hills

Map of ICHS Town

The ICHS Town location map is as follows:

The chart illustrates how convenient it is to go to this amazing housing society from Ternot and Qatbal Village, which are situated on the important Fateh Jang, Attock Road. You may also quickly locate the Islamabad Cooperative Housing Society’s Google map location by searching for it on your phone to clear up any confusion.

The community is located in one of the greatest spots—straight at the crossroads of Islamabad, Rawalpindi, and Fateh Jang, Pakistan’s three largest cities.

Access of Points (ICHS) Town

Ternot and Qatbal village are the entry points to ICHS Town via Attock Road and Dhamyal Road, which are both close to the Kashmir Highway.

NOC and Permission for (ICHS) Town

The idea has been approved by the Town Municipal Administration (Pakistan). It is a reliable and safe investment.

The ICHS has received the following NOCs from the relevant departments.

The organization is registered under registration number 313 with the ICT Administration Cooperative Societies department. The remaining information is listed as follows:

Cooperative societies:

Registration Number 313; Department of Cooperative Societies, ICT, Islamabad.

Municipal Administration of Tehsil (TMA)

Tehsil Municipal Administration (TMA), Fateh Jang, NOC No. 567/SL/N-I/TP/TMAF.

Defense Ministry

NOC No.6/53/Misc/D-28/2008 from Pakistan’s Ministry of Defense.

Authority for Civil Aviation (CAA)

The Civil Aviation Authority, Headquarters, Karachi, issued NOC No. HQCAA/1124/44/ATS(P/C) 2693 for construction.

Department of Environmental Protection:

NOC No. DD(EIA)EPA/F-80(IEE)/0307/2009/2892 from the Punjabi government’s Environmental Protection Department.

Features of ICHS Town

While ICHS does not attempt to be particularly ostentatious, it does provide all the essential amenities that are required for a comfortable lifestyle.

The following essential amenities are provided to ICHS Town residents:

Underground Electricity
Water
Gas
State of Art Sewerage System
162 ft. wide main boulevard
Paved streets
Street lights
Jogging tracks
Mini Golf club
Community club
Gated community
Wide network of roads
Mosques, Hospitals & Schools
Parks and Shopping centers

Details of the ICHS Town Project Islamabad

However, in the society’s markaz, commercial plots came in a variety of sizes. Later, the officials of this housing venture felt the need to revise its master plan and add more blocks to the residential area, which now offers a variety of plot sizes to meet the demand. Originally, the society divided its area into six residential blocks, only offering one kanal residential plot.

Quaid Block has launched new blocks. There are simple 2.5-year installment options available for plots of 5, 7, 10 Marla, and 1 Kanal.

The payment plan for ICHS Town Islamabad

The registration booking forms were made accessible at the chosen Silk Bank branches situated in all of Pakistan’s major cities starting on October 1, 2015, making the registration procedure extremely simple for prospective customers. It was necessary to carry out the payment of the amount in installments.

Plots in the older blocks are currently sold out and can be purchased for a profit on the secondary market. With regard to the newest extension block in the community, the society has established an easy payment schedule.

The following is the most recent payment schedule for residential plots:

ICHS Town Islamabad Payment Plan

Conditions & Terms

Every corner plot and every plot on Main Boulevard will come with an extra premium equal to 10% of the scheme’s average cost.

Residential plots are exclusively allotted for residential use; if this requirement is not met, the allotment will be canceled.

In addition, the housing association provides special discounted rates to Pakistani officers who have retired, government and semi-government employees, overseas Pakistanis, disabled people, widows, and orphans.

ICHS Town Development

Phase 1 development is nearly finished, with 50% of the work completed on the installation of power, sewer, and road networks. However, phase 1 development is going very slowly; it will take at least two or three years to complete the earthwork alone.

Although ICHS has been developing at a rather slow pace in recent years, the society’s management has picked up speed significantly with the inauguration of the new International Islamabad Airport. Due to the CPEC Route passing close to this society, there has been a surge in economic activity in the area, which has opened up many opportunities and drawn a lot of builders and buyers are interested in this housing project.

The latest developments in the area are to blame for the rising costs in society. Gas, water, telephone, and subterranean electrical connections have been installed in the community. Together with the cutting-edge, 160-foot-wide Main Boulevard, the construction on carpeted roadways connecting every area of the community is finished. The border wall and primary entrance gate of the housing project have also been completed.

The Main Boulevard now has solar lighting installed to improve the convenience and environmental friendliness of the housing community. Additionally, backup generators are offered to handle any power outages.

Also, a water and sewage disposal system has been implemented throughout the area. As previously mentioned, the property value of the residents is increased at reasonable prices as a result of the construction, amenities, and modern infrastructure that the project provides.

For further details regarding low-income housing organizations nearby, please consult our website.

Possession

The society has suggested that plots in the first phase can be occupied for six to ten months. The extension block, on the other hand, will take longer because it is a relatively new block and will require more time for development and other formalities. The housing society’s management is requesting two to three years before granting control of these blocks.

Investment Perspective

One of the greatest and most reliable ways to increase your wealth and generate income is through real estate investment. Since real estate is one of the least dangerous and risky industries, wealthy individuals all over the world invest in it. It’s possible to increase your income without working as hard in a shorter period of time. ICHS Town offers a similar prospect in terms of value and promising investment opportunities.

The region’s shifting socioeconomic circumstances have led to the rapid growth of this appealing and well-planned housing complex. It surely presents a fantastic opportunity to invest in local business and residential real estate. The modern architecture, well-thought-out roads, modern infrastructure, and cutting-edge facilities raise the value and worth of investment.

To make a lot of money from this project, it is highly advantageous to keep the property for at least a year following the investment. Meanwhile, you will also receive possession, which will boost your revenue even further. The best case scenario would be to be able to keep up the property for a longer time—let’s say four or five years—to get back 100% of your initial investment.

Even though we don’t know what will happen in the future, this housing group has a lot of chances.

Rules to abide by while buying or selling plots

The rules to abide by are as follows:

Verification of Documents

Please make sure you thoroughly check all the paperwork to prevent any misunderstandings or miscommunications. Make sure you ask about the NOC and the developers’ properly approved approval document from the authorities before proceeding with any real estate purchase or sale. Your documents will be legitimate in this way for any purpose that could lead to client satisfaction.

Financial Security

Before you finalize any sales or purchases of the property, please make sure that your funds reach your plan to buy. Your transaction or buy will proceed without a hitch in this manner.

Visits to Properties

Visit the location to confirm that the written documents fall within the plot criteria before making any purchases and after confirming the veracity of the documents.

Advantages of Investing in Real Estate

Investing in real estate is among the most lucrative ventures. This is a result of its superior potential for investment return. However, the thing to remember is that it will only be profitable if done properly.

Investment in the real estate sector offers several advantages.

The following are a few of the primary advantages:

Stability of finances: If someone has extra money or something they want to keep valuable, the real estate business is the one that can keep the value of an investment high and keep it from going down.
Consistent Revenue: Investing in real estate allows one to create a steady income stream rapidly. One may purchase a piece of land, develop it, then purchase a developed property and rent it out on a monthly or annual basis. The rent also goes up by a certain amount every year, so it’s safe to say that it gets better rather than staying the same.
Controllable: An investment is not like a living being that needs constant care after the initial setup is done. The only thing you’ll have to do is check on your land every so often to make sure no one is doing anything bad on it.
Income from Passive Sources: After investing in real estate, one may be able to earn passive income, such as rent. When purchasing a developed property or developing undeveloped land, investors then rent it out, guaranteeing a consistent source of income all year long.
Non-depreciable Asset: When done correctly, real estate investing is the kind of business that never goes down in value. Every year, the value of real estate rises. Also, the value can rise significantly if a big public or private project is initiated nearby.

Pros and Cons

Pros	Cons
Affordable prices	Standard plot sizes
Proximity to CPEC route	Infrastructure is not as luxurious as compared to high-end neighboring societies
Easy Installment plan	–
Located near Islamabad Airport	–
Exquisite sceneries and developing neighboring infrastructure	–
Basic facilities available	–
Gated community	–
Excellent opportunity for long-term investment	–
Easy Tradable Plot sizes	–
Family-friendly neighborhood	–
Only a few mins drive from Islamabad & Rawalpindi	–

CONCLUSION

Even though the investment in ICHS Town will need to be made over an extended period, specialists have determined that the margin for returns will be substantial depending on the amount made. You can live the life you have always imagined in the housing society, which is an amazing location to live.