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24 June, 2018

Faisal Town Islamabad Latest Updates and Plot Prices

Housing Schemes

Zedem International” is a reliable developer in Islamabad. Faisal Town Islamabad is a project of Zedem International. This Project is one of the best housing project in the city. Faisal Town has fascinated both candid buyers and investors. There have been a lot of changes in the housing scheme since the launch, so here’s all you need to know about the latest from the housing scheme.

Location

Located on Fateh Jang Road in Sector F-18, near Motorway M-2 Islamabad Interchange, in the vicinity of the Islamabad International Airport, Faisal Town has the approval of Rawalpindi Development Authority (RDA) as well.

Development, Possession Updates and Booking Details

Possession in Block A had been granted as far back as 2016. In the meantime, Block B is being developed, while development has been slow. Finally, Block C was recently launched and the housing scheme is being extended. Booking is open for the plots in Block C. Additional striking feature for Block C is that its 5-marla plots have also sprung – in addition to the old 7-marla, 10-marla, and 14-marla and 1-kanal plot options.

The plots in Block C are still in the booking stage, these are being sold only on lump sum payments. In the beginning, the plots had been launched on installments but the prices they had established were considered or settled high by the customers in overall. So after some meetings, the decision was taken to lower the prices by as much as 21%, but to remove the option for installments.

Couples of months back, some private developers were looking to launch villas in Block A as well and these have indeed been launched by Tanveer Associates with the name of Tanveer Villas. The villas launched include 7, 8 and 11-marla villas, which are available on 2-year quarterly installments. The villas are being constructed, according to Walid Malik of Tanveer Associates while the model is ready to be checked out. So anyone who may be interested in buying villas in Faisal Town, they can check out the model villa.

Payment Plan, Market Prices in Faisal Town Islamabad

In Block A, the prices stand as follows:

Block A

Plot Size

Prices in PKR

8 Marla

5,000,000—6,500,000

10 Marla

6,500,000—8,000,000

14 Marla

8,000,000—9,000,000

1 Kanal

12,500,000—15,000,000

Block B still has asking premium and the premium there stands as follows:

Block B

Plot Size

Asking Premium in PKR

8 Marla

1,200,000—1,500,000

10 Marla

1,500,000—1,800,000

1 Kanal

2,200,000—3,000,000

Block C plots are still in the booking stage and they are priced as follows:

Block C

Plot Size

Prices in PKR

5 Marla

2,920,000

8 Marla

3,950,000

10 Marla

5,010,000

14 Marla

6,600,000

1 Kanal

7,000,000

Finally, the payment plan for villas is as follows:

Villas

7 Marla

Payment

Amount in PKR

Down Payment

4,000,000

Quarterly Installment 1-7 (Each)

1,310,000

Installment 8

1,480,000

Total

14,650,000

8 Marla

Down Payment

4,500,000

Quarterly Installment 1-7 (Each)

1,450,000

Installment 8

1,600,000

Total

16,250,000

10.6 Marla

Down Payment

6,900,000

Quarterly Installment 1-7 (Each)

1,890,000

Installment 8

2,020,000

Total

22,150,000

Are you looking to buy or invest in Faisal Town? Do you have any question about it? You can contact us at Apex Group “Converting Dream into Reality”


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