In sector B-17 Islamabad, Faisal Margalla City (FMC) is an upcoming housing project by Margalla City (pvt) limited. Reportedly, it is a joint venture between a private party and Mr. Chaudhry Majeed of Zedem International. The prime land in sector B-17 right next to sector A is owned by the former while that latter has joined in as development and sales partner.
Faisal Margalla City is an extremely profitable investment opportunity due to following reasons:
- Background of developer
- Location of the society
- Flexible payment plan
- Pace of development
Below is the location map of Faisal Margalla City:
According to the map, FMC area lies right next to MPCHS sector A and it stretches up to the Margalla Hills and sector E. The surrounding area is thinly populated. And the best thing is that all basic amenities and utilities are already available in sector B-17.
Good news is that development work has already started. And pre-launch bookings are available on first come first served basis. Bookings start from 30% down payment. The remaining sum is payable in 16 equal quarterly installments over a period of 4 years.
Following is the payment plan of Faisal Margalla City Islamabad:
|Plot Size||25 x 50 (139 Square yards)||30 x 60 (200 Square yards)||35 x 70 (272 Square yards)||40 x 80 ( 356 Square yards)||50 x 90 (500 Square yards)|
|Marla||5.56 Marla||8 Marla||10.89 Marla||14.22 Marla||1 Kanal|
|Cost of Plot||3,060,000||4,185,000||5,450,000||6,760,000||8,985,000|
|Total (In Rs)||3,070,000||4,195,000||5,460,000||6,770,000||8,995,000|
On Physical Possession
|21% Off on Lumpsum Basis (In Rs)||2,420,000||3,295,000||4,295,000||5,350,000||7,095,000|
|At the time of application||2,285,000||3,100,000||4,030,000||5,010,000||6,625,000|
|On Physical Possession||135,000||195,000||265,000||340,000||470,000|
There is a 21% discount offered by the company on lumpsum payment at the time of booking. The down payment must be paid via demand draft in favor of M/S Margalla City (pvt) Ltd.
After the official layout map of the society is released, plot numbers will be allocated through computerized balloting.