Central Board of Revenue Employees Cooperative Housing Scheme (CBRECHS) – or as it is commonly known, CBR Town has been a constant in the top 10 localities on Zameen Search Trends for plots in Islamabad. Its popularity, indeed, has been improving over the past months. This could be attributed to two factors: one, that its Phase I is significantly developed, and two, that it is attracting genuine buyers. Meanwhile, Phase II is located not far from Islamabad International Airport, so it has been attracting investment. Another boost comes from the fact that its plots are affordable, and have been available on installments. This fulfills the list of everything that small-scale investors love. If CBR Town Phase II has caught your interest as well, here’s a complete investor’s guide on where and how to invest:
What’s the state of basics?
CBR Town Phase II is located on Girja Road, not far from Islamabad-Peshawar Motorway (M-2) and the proposed Rawalpindi Ring Road is expected pass through it. As mentioned above, Islamabad International Airport is located at just a 15-minute drive away. So it will have easy access to all the important areas of the twin cities.
These pictures provided by Estate 4U CEO Syed Khurram Gillani show a clear picture of its exact location:
According to Estate 4U CEO Syed Khurram Gillani, Phase II is divided into Blocks, A, B, C, D, G, H, J, Executive Block, Employees Block, Prime Block, and Residence Block. Blocks A, B, C, D, and J have already been developed, while development has also begun in other blocks. Underground water and electricity are available and the society’s gas connection has been approved as well.
Provided by Estate 4U CEO Syed Khurram Gillani
The plot sizes available in the housing scheme include 5-marla, 10-marla, and 1-kanal plots and possession is also available partially in some blocks but for all plot sizes.
Finally, here are the complete details of the approval status of CBR Phase II with various relevant authorities, so you can confirm the details with the authorities before you invest:
NOCs of CBR Phase II
- Rawalpindi Development Authority (RDA) NOC Number: RDA/MP&TE/F-PHS-17/550
- CAA NOC Number: PD(BBIA)6278/505/10/ANS/817
- Ministry Of Defence NOC Number: 6/26/Misc/D-28/2008
Where should you invest?
Gillani recommended investing in this society. He explained that the housing scheme and its developers are reliable, so even if something does get delayed, you will eventually get your plots and decent profits. He was of the opinion that all of the blocks of Phase II have been registering profits and their prices have been consistently rising, so investment in any of the blocks would be great.
Farakh agreed with what Gillani had said and explained that just recently, Executive Block had seen a huge increase in its prices, and depending on your budget, you can invest anywhere in the housing scheme. For small-scale investors, he particularly recommended Prime and Residence blocks, where plots are available on installments. Prime Block’s 5-Marla plots are available on 1-year installments of PKR 1.2 million. Since the booking phase has ended and down payments have been paid, anyone looking to buy a 5-Marla plot will have to pay PKR 500,000 in the form of down payment (360,000) and asking premium (140,000). The remaining amount can paid in quarterly installments over the year.
For someone who feels 1-year installments may be difficult, he recommended 5-Marla plots available for PKR 1.5 million in Residence Block. There, after a down payment of PKR 500,000, the remaining amount can be paid in quarterly installment over the next two years.
According to Farakh, these will all be short, and medium term investments, since a lot of changes are taking place and prices are appreciating significantly.
Are you looking to invest in CBR Town Phase II? Do you have any questions about it? You can talk to us in the comments section
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