Faisal Town has been such a popular housing scheme that it has served to establish Zedem International as a reliable developer in Islamabad. Faisal Town has attracted both genuine buyers and investors and if you are one of those people, you are at the right place. There have been a lot of changes in the housing scheme since our last update, so here’s all you need to know about the latest from the housing scheme.
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 and Possession
Possession in Block A had been granted as far back as 2016. Meanwhile, Block B is being developed, although 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. Another attractive feature for Block C is that its 5-marla plots have also been launched – in addition to the old 7-marla, 10-marla, 14-marla and 1-kanal plot options.
The plots in Block C are still in the booking stage, but according to Saqlain Abbas of Estate Eyes, these are being sold only on lump sum payments. Initially, the plots had been launched on instalments but the prices they had established were considered high by the clients in general. So after some meetings, the decision was taken to lower the prices by as much as 21%, but to remove the option for instalments.
In our last update,we had mentioned that 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 Faisal Town, they can check out the model villa.
Prices in Faisal Town
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 talk to us in the comments section. You can also head to the Estate 4U for a detailed conversation.
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