Abbottabad
Khaira Gali, Abbottabad
Abbottabad is a city in the north of Pakistan and east of Khyber Pukhtunkhwa, known for its moderate climate and natural scenery. Population-wise, it is the 40th largest city in Pakistan surrounded by an educational institution that has popularized it to be the “City of Colleges”. Abbottabad is located on a high altitude, unlike the down-lying cities which makes its temperature one of the most conducive to life. It has a picturesque view of exotic beauty bedecked with greenery all around and with some of the best living facilities. In recent times, the demand for property in Abbottabad has seen a mark increase owing to the surge in temperature in the down plane. People from different areas of the country are deeming it to be best option to invest in Abbottabad. Living up to the growing demands the housing societies and realtors here have expanded their scope quite substantially and you can have plots of different sizes and prices available here.
Moreover, the serenity, tranquility, and calmness here make it a worthwhile city where you enjoy the company of nature along with some good manmade facilities. Apart from the charming weather, the city hosts some of the high-standard educational facilities, and popular tourist spot, that directly adds value to the real estate in Abbottabad. This mesmerizing city is a neighbor of Azad Kashmir and beautiful Gilgit Baltistan.
The tropical climate coupled with the natural scenery has made Abbottabad the most preferable as a place of residence and as a vacation destination, due to an increasing demand for property in Abbottabad the prices have recently gone up by a mark difference. Till the recent past, one of the most pleasing aspects of real estate in Abbottabad was that prices would seldom plunged and would mostly maintain constant linearity but the trend id fast-changing now. This trend has shown change partly because of the implementation of the new tax regime, as there was a consistent demand for property in Abbottabad because of genuine buyers from other cities in the region.
Moreover, one of the reasons that people prefer Abbottabad to reside is because of its close proximity to the capital city, Islamabad, and also the ready availability of necessary utilities such as eateries, gas, and electricity. While most hill stations do not enjoy the utility connections, however, most areas in Abbottabad have gas and electricity connections, making the experience of purchasing property in Abbottabad more convenient.
Similar to the real estate trends in other cities of Pakistan, the prices of plots fluctuate here too with time. However, comparatively, the prices here are believed to be less volatile. The smallest one starts from 5 Marla and goes up to 1 Kanal and the prices vary as per the area. You can have plots 5 Marla, 8 Marla, 10 Marla and up to 2 kanals. The low-lying planes owing to the risk of flood in monsoon cost less comparatively, while the high-lying planes are free of risk and cost bit higher. Moreover, since it is a hill station, you can have a spacious area with a picturesque view provided that your pocket is thick.
5 Marla price in PKR _________ 25 – 50 lakhs
8 Marla in PKR __________ 28 – 70 lakhs
10 Marla in PKR __________ 30 – 80 lakhs
1 Kanal in PKR ____________ 40 – 90 lakhs
1.6 Kanal in PKR ___________ 1.76 Crore
The prices depend on the location and these stated above are not absolute but rather present the general picture.
Abbottabad is 120 kilometers (75 miles) from Rawalpindi-Islamabad and about a 150 kilometers (93 miles) from Peshawar. It’s this proximity to the federal capital and provincial capital further makes it important and adds to the desirability to live here. Transport from any city and to any city is easily available here with well-carpeted roads.
Abbottabad has world-class healthcare facilities, ensuring that residents an effective and timely medical treatment. This significantly adds value to the already charming city and further accounts for the attractiveness of this hill station as a potential place of residence and thus causing the real estate to flourish leaps and bounds in Abbottabad. Additionally, one of the pluses is its very low crime rate that is why plots in Abbottabad are generally safe and secure which is a very important factor, leading to an escalation in the prices of property in Abbottabad.
In terms of shopping malls, although the city has an adequate commercial sector, yet as compared to other cities the options are quite limited that need to be fulfilled by the real estate actors. Given the increasing population of the city because of the migration of residents from other cities of Pakistan and Khyber Pakhtunkhwa in particular, there is a dire need for appropriate shopping and recreational facilities to better facilitate the public.
Since it is a hill station and a known tourist destination, so the hospitality industry has boomed substantially here. Abbottabad real estate offers some high-end hospitality facilities including hotels, restaurants, guest plots, and other similar facilities. With a score of tourists, restaurants, hotels, guest plots, and even apartments in Abbottabad can offer an adequate return in terms of rental income.
Some worth-seeing sightseeing in Abbottabad includes Jhangi Syedan, Sir Syed Colony, Habibullah Shahzaman Colony, Jinnahabad, Bilal Town, and others. All of these residential projects offer a variety of options in terms of ready-made plots and also plots. One can have a desired plot or plot in these fascinating localities and live his/her life in the lap of nature here.
Property in Abbottabad located in low-lying areas entail a risk of floods during the monsoon season while investors can rest assured that the price of property in these areas usually enjoys a steady increase or remains constant and the necessary precautions are also in place to avert ant such mishaps due to floods. Furthermore, Abbottabad, the city of all seasons, also experiences snow in December/January, creating a need for adequate heating in these months.