The Islamabad Co-operative Housing Society, Islamabad is safely registered with Co-operative Societies Department and is a well planned housing society in Islambad, Pakistan. The Society was established by a group of senior Government Officers and was initially undertaken with the sole objective of providing affordable residential/ commercial plots with up to date amenities for its residents fulfilling educational, cultural and social needs.
ICHS is developed over 7000 kanals of land situated near Fateh Jang Road District Rawalpindi, at about 24 kilometers from Zero Point Islamabad.
NOCs and Permissions:
ICHS Islamabad has all the required NOCs from concerning departments. All the details are mentioned as below:
- Cooperative Societies: Registration No. 313, Co-operative Societies Department, ICT, Islamabad.
- Tehsil Municipal Administration (TMA): NOC No. 567/SL/N-I/TP/TMAF from Tehsil Municipal Administration (TMA), Fateh Jang.
- Ministry of Defence: NOC No.6/53/Misc/D-28/2008 from Ministry of Defence, Government of Pakistan.
- Civil Aviation Authority (CAA): NOC No. HQCAA/1124/44/ATS(P/C) 2693 for Construction from Civil Aviation Authority, Headquarters, Karachi.
- Environmental Protection Department: NOC No. DD(EIA)EPA/F-80(IEE)/0307/2009/2892 from Environmental Protection Department, Government of Punjab.
The above mentioned NOCs can be confirmed from online websites of the concerned departments for the safety of your investment.
Initially Development work in ICHS Town was rather slow but after the launch of Islamabad International Airport the development work has reached new heights in this past year and currently. The interest of developers and investors has increased significantly.
Realizing its potential, the development in the society has picked up its pace and along with it the prices have increased as well. Main Boulevard has been carpeted, Main gate, and boundary wall has been completed and network of roads have also been constructed, to connect the different areas of the society.
Solar energy is being utilized for streetlights on the main boulevard and generators have also been made available in case of emergencies. The electricity connection and gas has also been made available, similarly sewerage work has also been completed.
Modern Infrastructure and architecture is being engineered in the society for its residents. CPEC route passing near the society presence of Kashmir Highway adds to the value of the society. Construction of roads and close proximity to Islamabad International Airport has brought significant amount of investors to invest in the housing scheme.
Possession of the plots in the housing scheme is expected to be granted in the Phase I in about 6 to 10 months period. In the Extension however it will take a longer time considered the development work and other formalities but the officials are giving a time frame of approximately 2 to 3 years maximum.
Investment in ICHS:
Investment in ICHS can certainly a good option, the investment in ICHS town Islamabad is extremely favorable if investment is kept for a period of about a year minimum, possession will also be allotted in that time frame.
Due to solid infrastructure, presence of CPEC road & Kashmir Highway nearby, Carpeted network of roads and most of all inauguration of Islamabad International Airport will add immense value to the ICHS; it seems likely that in about a year high returns will be yielded from the investment in ICHS.
Real estate is the most solid investment a person can gain maximum benefit from, according to our experts ICHS is one of the housing societies that looks promising in terms of long term investment. If you are able to hold the property for approximately 4-5 years the return on investment will exceed your expectations.
There is no doubt the investment activity in ICHS will continue to increase over time along with increase in its value and worth.
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