Margalla Road | Margalla Avenue || Phase -1/2 | Development | Islamabad
Автор: MAB Marketing
Загружено: 2023-03-06
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#margallaroad #margallaavenue #margalla #margallahills #development #phase1 #phase2
#faisaltownf18 #faisaltownphase2 #boundaries #motorway #realestate #development #updates #phase2 #realestateinvesting #property #realestatepakistan
The Margalla Avenue or Margalla Expressway is a partially-operational under-construction six-lane highway of 33 kilometers in the Margalla Hills area in the suburbs of Islamabad. It was planned in 1966 but was stalled till 2021. The expressway/avenue is an alternative to Srinagar Highway and would provide easy access to the tenth and eleventh sectors of Islamabad to N-5 National Highway. This road is a crucial section of the larger Rawalpindi Ring Road project as it connects the town of Sangjani (N-5 National Highway) to the town of Barakahu (Murree Expressway).
Islamabad is the Capital of Pakistan and is known for its high standards of living, safety, cleanliness, lavish greenery, and the main hub for commercial activities. Many highways are situated in Islamabad, where people use them for various reasons, especially for business purposes. Now, Islamabad is going to get benefit from the New Margalla Highway.
Prime Minister of Pakistan, Imran Khan has laid the foundation stone of the project on March 20th, 2022. Chief MInister Punjab, Sardar Usman Buzdar, Federal Interior Minister, Sheikh Rasheed Ahmed and other notables were also present during foundation stone lying ceremony of the project.
Housing projects like Top City, Faisal Town Islamabad, Faisal Hills Islamabad, and Mumtaz City Islamabad lie near the highways. Due to the accessibility of the M-1 Motorway and M-2 Motorway, the rate of these societies raised and brought huge profits to the investors. So, as a smart investor, invest where the location is profitable and can provide you with more benefits.
The New Margalla Highway was established under the supervision of the Capital Development Authority (CDA). The starting point of the highway is from GT Road Taxila, GT Road B-17 sector and ends at the point D-12 sector of Islamabad. Furthermore, in the real estate business, the thing that matters the most is the prime location. Therefore, highways play an important role in the success of housing projects because they will save you quality time.
According to CDA officials, the road would shed load from the existing Srinagar Highway. It would connect existing Khayaban-i-Iqbal to Murree Road via Bari Imam.
Most importantly, Phase II of Islamabad on the west of N-5 National Highway or G.T. road would connect to Islamabad's existing sectors.
The highway would also provide alternative access to M1 motorway, Islamabad International Airport, and Rawalpindi Ring Road.
In 2015, CDA announced that once Margalla Avenue is completed, it would be linked to E75 expressway.
In early 2020, Rawalpindi Development Authority (RDA) announced the final shape of Rs. 62 billion Rawalpindi Ring Road project.The project was approved by Chief Minister, Punjab Sardar Usman Buzdar in September 2020. The Rawalpindi Ring Road project would end at the Sangjani Toll plaza, and this would provide a direct connection to all parts of Rawalpindi. The road would also connect 60 kilometers Islamabad Ring Road project.
CDA announced its tenth avenue project, which would link Kashmir Highway and Margalla avenue and all sectors in between. The Rs. 3725 million projects would complete in three years.Another important related project called New Blue Area spanning 170 Kannals was inaugurated near Sector F-9 Park with Rs. 30 billion by Prime Minister Imran Khan in an effort to distribute commercial center between future extensions of Islamabad and existing city.
Margalla avenue is significant to the project to connect this new commercial center to the western bank phase II of the city, the auction of this started in July, 2020.
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