I-9 Industrial Area: Steel Mills In Pakistan

Sector I-9 is one of the few sectors in Islamabad that is not purely residential. It has an industrial aspect in the shape of sub-sector I-9/3, most of the Steel Mills In Pakistan are situated there, the sector is also knows as Industrial Area I-9.
Boundaries are: Islamabad Dry port, Sector H-9(north), sector I-9/4 and I-9/1 residential areas, I-9 Markaz(south) sector I-8, 9th Avenue(east) and Sector I-10(west).
Industrial Area I-9 is known for its 'go downs'; some of the major national and multinational companies have their storage facilities located there. These companies include those dealing in electronics, heavy machinery, oil, and pharmaceuticals. Other bushiness come in the form of rice mills and steel mills.
The proximity of residential areas means that the Capital Development Authority imposes strict guidelines on industry owners with respect to environment protection. The roads and streets are especially wide so as to accommodate heavy traffic. The area is easily accessible through the major link roads, such as the Kashmir Highway, Islamabad Expressway and the IJP road. These roads also provide easy access to the Motorway.
Storage space can be bought and rented. Although sizes range from 1,111 to 5,555 square yards the most commonly available sizes are 2,700 and 3,300 square yards.

Prices:

• 2,700 square yards: 45 to 65 million rupees.
• 3,300 square yards: 55 to 75 million rupees.

Rentals are calculated on the basis of total covered area. The rental value ranges between 22 to 25 rupees per square foot.

Residentail Rising In Real Estate Pakistan

Image via WikipediaWhen the budget was announced this year, there was a good news and bad news for prospective property buyer in Sindh.
The good news was that Capital Value Tax(CVT) was reduced from 4% to 2%(However, from now on, CVT will be collected by provincial government, instead of the federal government when a property is purchased).
The bad news was that the provincial government increased the property rates in Sindh's valuation table, which translated into a substantial increase in property prices.
They valuation table divides area into different categories and assign rates based on size and location; rates apply to both plots and residential/commercial/industrial property.
Here is a look at two of the top residential categories:

Category A-1 includes some of the Karachi's most upmarket areas such as Bath Island, Clifton, DHA phases 1,11,V and phase V extension, as well Muhammad Ali Housing society and Sindhi Muslim Cooperative Housing Society.
In these areas rates for both empty and built up residential plots increased by 307.4%.

- Rates for empty plots increased by 11,205Rs per square yard(from 3.645 to 14,850Rs).

- Rates for built up plots increased by 17,430Rs per square yard(from 5,760 to 23100Rs).

Category I includes Abdullah Haroon Road, Burns Road, DHA phases IV, VI and VII, GUlshan-e-Iqbal Block 17, I.I Chudrigar Road, M.A Jinnah Road, North Nazimabad, and Queens Road.
In these areas rates for both empty and built up residential plots increased by 239.5%.
- Rates for empty plots increased by 6790Rs per square yard.

- Rates for built up plots increased by 8.370Rs per square yard.