Living in the Federal Capital has many advantages, which is why the EHFPRO and the Federal Government Employee Housing Authority (FGEHA) have created the Lifestyle Residency Islamabad. With a beautiful environment and world-class amenities, it will broaden the notion of luxury living.
Developers and Owners
The Lifestyle Residency initiative is a collaboration between the FGEHA and the EHFPRO. These businesses have made important contributions to Pakistan’s real estate economy. Their primary goal is to provide luxurious lodging for people and government officials. For the Lifestyle Residency Islamabad, there could have been no finer collaboration than that of FGEHA and EHPRO.
Employee Housing Authority of the Federal Government (FGEHA)
FGEHF was established as a company limited by guarantee under the Companies Ordinance of 1984 in March 1990. It is in charge of creating self-financing housing projects for federal employees and other selected groups. It has offered almost 22,622 residential units in houses/apartments and plots since its foundation.
EHFPRO
EHFPRO is a private limited business that is a powerful effort of dedicated experts that have the zeal to accomplish the project on time. The Companies Ordinance of 1984 requires it to be registered with the SECP. M/s Progressive Motels & Resorts and the Federal Government Employees Housing Foundation developed this innovative Special Purpose Vehicle (SPV) (FGEHF).
Approval and NOC
The validity of the high-rise residences is apparent because Lifestyle Residency is a government-owned corporation. The flats will be finished and handed to the owners as soon as possible.
Master Plan
The master plan for the Lifestyle Residency was established and conceived by a highly competent team of engineers. The master plan’s only purpose was to provide a luxurious and affordable housing system for Federal employees and the general public.
Location of the Lifestyle Residency
The Lifestyle Residency is at G-13/1 and G-13/4, along the Srinagar highway in Islamabad. It is in close proximity to all of the Twin Cities’ major attractions.
The New Islamabad International Airport is around 13 kilometers away.
The luxury apartments are conveniently located for inhabitants of Islamabad and Rawalpindi. The exact position is shown on the map below:
Location Map
Nearby Landmark Areas
The following are some of the nearby notable places with easy access to the project:
New Islamabad International Airport
International Islamic University Islamabad (IIUI)
Daewoo Bus Terminal
Golra Road
Dhok Abdullah
Sector G-12
Sector H-13
Tarnol
Rawalpindi
NUST Gate #4 in Sector H-12
Golra Railway Station
Centaurus Mall
Access Points
The following are some of the residential project’s conveniently accessible locations:
Srinagar Highway is 2 kilometers away
N-5 National Highway is 5 kilometers away
Daewoo Bus Terminal Rawalpindi is a 12-minute drive away.
NUST Gate #4 is a 13-minute drive away.
International Islamic University Islamabad is 16 minutes away by car
Centaurus Mall is a 21-minute drive away.
PIMS Hospital is 22 minutes away by car.
Golra Road is a 3-minute drive away.
New Islamabad International Airport is a 25-minute drive away.
Islamabad Toll Plaza M2 is 28 minutes away.
Apartments with a Lifestyle
The developers of this premium residential complex have five different unit types available for purchase or occupancy. Each class has been designed and created using the measurement of “square feet” (sq. ft.). The residential building is 14 stories tall. The five categories are as follows:
Apartment Type A
Apartment Type B
Apartment Type C
Apartment Type D
Apartment Type E
The following is the layout design for the residential scheme, as well as the number of flats assigned to each category:
Apartment Allocation Based on Quotas
Floor Plans for Category A
The category A apartments are the most spacious, measuring 2050 square feet and have three bedrooms and three bathrooms. The floor plan below can assist you in better understanding:
Floors Plans for Category B
The Category B apartments are large in square footage, with each unit being 1750 square feet and three bedrooms and three bathrooms. The following is the floor plan:
Categorized Floor Plans
In terms of square footage, the Category C apartments are large, measuring 1350 square feet. The apartment has two bedrooms as well as two bathrooms. The following is the floor plan:
Floors Plans for Category D
In terms of square footage, the Category D flats are large, measuring 1150 square feet. The apartment has two bedrooms as well as two bathrooms. The following is the floor plan:
Floor Plan for Category E
In terms of square footage, the Category E flats are small, measuring 950 square feet. There will be one-bedroom and one bathroom in the flat. The following is the floor plan:
Payment Plan for Residency in a Lifestyle
The makers of Lifestyle Residency are offering a payment plan based on two outcomes. If you work for the government, the first is for you, while the second is for the broader public. As a result, each of the payment alternatives has a special price.
Lifestyle Residency Islamabad’s management has designed payment plans that are both affordable and simple to handle. The membership price for federal government employees will be PKR 100,000, while the fee for the general public would be PKR 200,000.
Amenities
The Lifestyle Residency offers all of the latest comforts and amenities at a fair price. The amenities are featured in each modern premium apartment complex that can be called a comprehensive residential concept. The following are the amenities accessible under the Lifestyle Residency project:
Safe Community
When it comes to apartment living, a sense of security is crucial. A gated neighborhood gives protection. The occupants are secured by a security system that comprises professionally installed CCTV cameras and other surveillance equipment operating 24/7.
Laundry Room
The housing project will also contain various laundry rooms to make it easy for residents to wash their laundry without leaving the grounds. This laundry facility will be equipped with fully automated washing and drying machines.
Water Management
The apartment management has considered the occupants’ water requirements. Water reservoirs have been erected for this purpose, storing a substantial volume of water for locals to consume in their everyday activities. The housing project will also feature filtration plants in the dwellings to guarantee that tenants can obtain pure drinking water.
Parking Availability
Residents will have access to an ample and safe parking space, guaranteeing that automobile parking is not an issue. They will park there is a safe and convenient area near their homes.
Center for Community Development
The lodging society will build the groundwork for community facilities for socially active residents. They will enroll in new learning courses, obtain degrees upon completion, and attend their chosen social activities.
Alarm System for Fires
As part of the multi-building project, a sophisticated fire alarm system will be implemented. Along with this technology, there will be a quick response team and people to assist in any emergency.
Important Characteristics
The following are the critical characteristics of Lifestyle Residency:
Infrastructure development of international repute
Resources of Water
Mosque of Greatness
Eco-friendly environment
Zones of Commerce
Surveillance is available 24 hours a day, seven days a week.
Utilities in the Underground
Sewage and trash disposal system
Intercoms
Playground for kids
Zone of Barbecue
Clinic of Medicine
Day-Care Center
Gym for the Community
Center for Community Development
Gardening in the Community
Access to the Internet via Broadband
Swimming Pool for the Public
How do I reserve a room at Lifestyle Residency Islamabad?
Contact our specialists at Estate Land & Properties to book your apartment. You must adhere to the following rules:
Fill out your application for a reservation carefully.
Attach CNIC Copies of the Applicant’s Pay Down Payment by Check or Pay Order in Favor of “Lifestyle Residency,” but double-check the management procedure if any new changes have been made.
Cash payments are also accepted after management approval.
Submit all required documentation, pay for your order, and get your receipt.
Required Documents for Booking
Two copies of the applicant’s CNIC
2 Applicant Photos
Two copies of the nominee’s CNIC
Why should you choose Lifestyle Residency Islamabad?
The Lifestyle Residency Islamabad is a shining example of excellence and quality.
A platform for Business and Commerce
All of the residents’ needs, including economic and commercial ones, have been considered by the prestigious developers. The flats will function as a one-stop-shop for all of your business needs. Residents can use these locations to meet all of their commercial needs from within their homes. The Lifestyle Residency Mall is currently under construction. It will feature shopping, dining, and a variety of brands.
Environmentally Friendly
The flats will provide an environmentally friendly lifestyle while also providing all of the current conveniences. The proximity to nature will create a one-of-a-kind living experience similar to Park View City.
Dependable developers
FGEHA and the EHFPRO have collaborated to create the Lifestyle Residency. Both organizations have been in business for more than four decades and specialize in providing maximum comfort and affordability in real estate. This project will be a showcase for their collaborative efforts.
Generators as a backup
In the event of a power loss, the backup generators will kick in, allowing the elevators and other electrical devices in the units to function.
Allocation of Quotas with Care
The lodging organization has employed quotas to give federal employees, widows, journalists, media workers, and disabled people.
Advantages and Disadvantages
Advantages
Simple Payment Plan
The booking of apartments has a straightforward payment plan. For investment, the property offers a variety of floor designs. For the country’s middle-class residents, the costs are realistic and affordable.
A private gated community
The housing project is a gated community with a beautiful entrance gate, comparable to other gated lodging societies in Islamabad, such as Mumtaz City and Nova City. The developers put ful make you and your family feel comfortable and secure while you live here.
Exceptional Location
The flats of the Lifestyle Residency have a significant position in the Federal Capital. Over the last few years, the G13 sector has been gradually increasing. It is unquestionably one of Islamabad’s most valuable industries.
Jamia Mosque is a mosque in Jamia, Saudi Arabia.
Because the developers build a gorgeous Jamia Mosque, the flats will cater to all of the residents’ demands, including religious ones. This mosque will be cutting-edge, with cutting-edge technology and architecture.
Government employees should be able to live in decent housing.
A government employee’s compensation may put them at a financial disadvantage in specific occupations. If you work in food preparation or cleaning services, it may be challenging to save money. These government jobs could imply that you don’t have enough money to put down on the house. As a result, the Lifestyle Residency provides flexible payment arrangements for such government personnel.
Disadvantages
High-Priced Perception
Some of our consumers have expressed dissatisfaction with the apartment pricing, claiming that they are too high for them. It is subjective because there were no superior amenities at the most reasonable costs.
Conclusion
Lifestyle Residency is an accepted residential apartment in Islamabad with a single purpose in mind: to provide residents with a globally recognized living experience. Their luxurious amenities and convenient location distinguish these flats.
1- What is Lifestyle Residency, and how does it work?
It is a high-end residential development located in the G-13 Markaz of Islamabad.
2- Who are the creators?
The developers of this premium housing complex are FGEHA and EHFPRO.
3- What is its location?
It’s in G13/1 and G13/4, which is perfect.
4- What are the different apartment sizes?
There are flats in the building that range in size from one to five bedrooms. Each apartment has a unique floor plan, allowing investors to select one that best suits their needs and preferences.
5- Is it equipped with power and gas?
Yes, it is equipped with both power and gas.
6- Is this a government-approved housing plan?
Lifestyle Residency is a government-approved housing program.
7- Is this a project for low-cost housing?
Yes, the Lifestyle Residency is one of the most cost-effective housing developments.
8- What are the expected profits on the housing project?
This home project will provide you with significant returns if you invest in it.
9- Are government employees eligible for Lifestyle Residency?
Dream Gardens Lahore was announced in 2011 as a two-phased LDA-approved housing society. Phase I was finished in 2014, and phase II, which includes 2500 residential units, was announced in 2017. Defense Road and Raiwind Road are both near the residential complex. This residential development is being developed jointly by the Izhar Group of Companies and the Monnoo Group of Industries. The Dream Gardens housing community in Lahore covers a total area of 4000 Kanal (500 acres). Residential and commercial plots are available in phases I and II of the society. Phase I covers 2400 Kanal (300 acres), whereas Phase II covers 1600 Kanal (200 acres).
Owners and Developers
Owners and Developers of Dream Gardens Lahore: The Izhar Group of Companies and the Monnoo Group of Industries work together to construct Dream Gardens Lahore. The firm is one of Pakistan’s most prominent real estate developers.
The following are some of the projects that Izhar developers have completed:
Dream Avenue Lahore
Mannan Town Faisalabad
Terraces Islamabad
Dream Garden Islamabad
Dream Garden Multan
Location Map
Dream Gardens Lahore is situated at an ideal position, adjacent to Raiwind Road, Bhoptian Chowk, and Defence Road. Many prestigious educational institutions, such as UMT, UCP, COMSATS, UOL, Superior University, and BNU, are within walking distance of Dream Gardens Lahore, adding to the project’s value. Bahria Orchard, Dream Avenue, AWT Housing, LDA Avenue, Valencia Town, DHA Rahbar, and Lake City are similar housing societies.
NOC of Dream Gardens Lahore
The Lahore Development Authority has accepted Dream Gardens Lahore’s No Objection Certificate (NOC) (LDA). The LDA has already authorized all essential documentation. The verification and approval of NOCs are critical for every housing society, which is why the administration has prioritized NOC acquisition. The following is the image of the NOC approved on the LDA website:
Access Points
The following are the Dream Gardens’ accessibility options:
LDA Avenue Phase 1 is around a 3-minute drive from Defence Road.
Labor Colony Road, Block K, LDA Avenue Phase 1 is about a 4-minute drive away.
Raiwind Road, Lahore, is just a 5-minute drive away.
Lahore is around a 13-minute drive from Multan Road.
Canal Bank Road is only around a nine-minute drive away.
Nearby Landmarks and Locations
Nearby Landmarks & Locations to the Dream Gardens are as follows:
Bahria Town Lahore
Defense Housing Authority (DHA)
COMSATS University Lahore
LDA Avenue Lahore
Jubilee Housing Scheme
Mohlan Wala Scheme
Women Housing Society
Lahore Wildlife Park
Superior Service Housing Society
Beaconhouse University
Fazaia Housing Society
Audit & Accounts Housing Society
Green Acres Housing Society
The University of Lahore
Valencia
Sher Shah Colony
NESPAK Housing Society Phase II
Canal Garden
Pakistan Navy BU Campus
Master Plan
The creators have invested tremendous time and effort into developing a beautiful, contemporary, and efficient housing community in Dream Gardens Lahore. The Izhaar Group of Companies and the Monnoo Group of Industries collaborated to create a master plan for Dream Gardens Lahore. Society’s first phase has already been finished and delivered, and phase two is in the works. At the same time, Phase III is included in the master plan and will not implement until after Phase II. The developers have already demonstrated their commitment to producing and delivering Phase I ahead of schedule.
The Phases of Dream Gardens Lahore
The phases of Dream Garden Lahore are as follows:
Phase 1 – 3 are the three phases of the project.
The sizes of the Dream Gardens Lahore Phase-I Arches are as follows:
638 square feet (Ground Floor)
614 square feet (Ground Floor)
610 square feet (Ground Floor)
640 square feet (Office, First Floor)
298 square feet (Shop, First Floor)
248 square feet (Shop, First Floor)
245 square feet (Shop, First Floor)
640 square feet (Office, Second Floor)
726 square feet (Office, Second Floor)
749 square feet (Office, Second Floor)
483 square feet (Office, Second Floor)
439 square feet (Office, Second Floor)
The sizes of residential plots in Dream Gardens Lahore are as follows:
5 Marla
7 Marla
10 Marla
20 Marla
30 Marla
The commercial land sizes in Dream Gardens Lahore are as follows:
6 Marla
7 Marla
10 Marla
Payment Plan
The management has structured the pricing in such a way that the payment schedule is feasible for prospective investors:
Residential Houses Payment Plan
Residential Plots Payment Plan
Commercial Plots Payment Plan
Recent Developments
The most recent developments in Lahore’s Dream Gardens are as follows:
The following are the most recent Dream Gardens Lahore development photographs to show investors the society’s attractiveness and world-class infrastructure:
Amenities & Facilities
The Dream Gardens Lahore will offer all of the latest conveniences and amenities at a reasonable price. The facilities are an element of any modern-style society that might be described as a full-fledged residential community. The following are the amenities available at Dream Gardens Lahore:
Environmentally friendly
The community will offer an environmentally friendly, close-to-nature lifestyle with modern conveniences. The proximity to nature will deliver a unique experience not seen in Pakistan’s housing communities. People are rapidly becoming more isolated from the natural environment as city life becomes more hectic, hurting their health.
Grand Mosque
Society will provide for all of the residents’ requirements, including religious ones. The developers are constructing a gorgeous large Jamia mosque to accommodate this. This mosque will be a smart mosque, complete with cutting-edge technology and architecture.
Water Resources
The demands of the residents have been taken into account by society. Water reservoirs will be built for this purpose, storing a vast volume of water used by residents for everyday chores. Filter plants will also be a feature of society to ensure that citizens have access to clean drinking water.
Graveyard
A cemetery is an essential aspect of any community. Because life and death are inevitable, inhabitants may choose to bury their departed relatives and pray for their everlasting happiness. They may also pay respects to loved ones buried within the society.
Community Center
Community centers will serve as a beacon of social life for residents who want to stay socially active. They can join in the social activities as well as enjoy them.
Health Amenities
The developers have paid particular attention to society’s health facilities. As a result, the developers want to build state-of-the-art international hospitals and clinics. With doctors and nurses on-site, the emergency room will be open 24 hours a day, seven days a week.
Education Complex
To ensure that youngsters receive international-level education. To provide the most outstanding education, the teaching personnel will be professional and trained in their respective professions.
Business and Commercial Hub
All of the resident’s needs, including economic and commercial ones, have been taken into account by the developers. As a result, society will create an all-encompassing commercial zone. Residents of these areas can meet all of their commercial needs right in their community.
A sense of security is essential in a housing society. A gated neighborhood provides protection. People are safeguarded 24 hours a day, seven days a week, by a security system that comprises professionally mounted CCTV cameras and other operative surveillance equipment. The society would be surrounded by a boundary wall with a flawless mechanism to ensure a high level of safety.
High-quality road infrastructure
Roads and other infrastructure are built with a high level of professionalism and equipment. The central boulevard and streets are large and expansive, giving the area a lovely appearance.
Important Characteristics
The following are some of the Dream Gardens Lahore’s most notable features:
Infrastructure development of international standing
Affordability
Mosque of Greatness
Resources of Water
Hospitals, dispensaries, and clinics provide eco-community medical services.
Education is a complex subject.
Retail Area of the Clubhouse
This sports complex has both indoor and outdoor sports facilities.
Security is provided around the clock.
Maintenance
Water, gas, and electricity are all sources of energy.
System of sewage and garbage disposal
LDA, LESCO, and WASA have all approved the boundary wall.
Quality Development in a Gated Community
electricity of the underground
Purchase/Sale of Plots
The guidelines to follow are as follows:
Document Verification
To avoid any misunderstandings or misunderstandings, please double-check all documentation to your satisfaction. Before buying or selling a home, make sure to inquire about the developer’s NOC and approval paperwork, which the authorities have formally approved. As a result, your paperwork will be accurate in every way that could result in client satisfaction.
Financial Security
Before finalizing any property sale or purchase, be sure your funds align with your buying strategy. This way, your buy or sell will go off without a hitch.
Property Inspections
Before making any purchases, inspect the property to check that the written documents follow the plot parameters.
Booking Documentation Requirement
The following documents are required:
Two passport-sized photos
Your National Identity Card in two copies
For international clients, two copies of your next of kin’s ID card NICOP
Real Estate Investment Benefits
Among other companies, real estate investment is one of the most profitable. It is because it has a high rate of return on investment. However, keep in consideration that it will only be worthwhile if it is done correctly. Investing in the real estate market can provide a variety of advantages. Some of the benefits are given below:
Financial Safety Net
If a person has excess money or an asset and wants to keep that item high and avoid depreciation, real estate is the industry.
Stable Income
With real estate investment, a person can quickly produce a steady income. One can purchase a property, develop it, or purchase a developed property and rent it monthly or yearly. Not only that, but the rent rises by a percentage every year, so it’s fair to claim it’s improving rather than staying the same.
Manageable
An investment isn’t like a live thing that needs to have cared for days once it’s completed. You’ll only need to visit your property now and then to make sure it doesn’t fall into the wrong hands of encroachers.
Passive Income
After buying a real estate property, you can earn a passive income such as rent. For example, investors buy a constructed property or develop open land, then rent it out, assuring a regular source of revenue throughout the year.
Non-depreciable Asset
Real estate investing is a type of business that will never lose value. On the contrary, the value of real estate rises every year. If a central government or private project is undertaken in the area, the property’s value could skyrocket.
Dream Gardens Lahore Booking Procedure
The booking process is as straightforward as it gets. You only need to follow the instructions outlined below:
Fill out your booking application form completely.
Attach the applicant’s CNIC copies and make a down payment via check or pay the order in favor of “Dream Gardens Lahore,” but double-check the management process if there are any new modifications.
After management approval, cash payments are also accepted.
Submit all required documents, make your payment, and receive your receipt.
Advantages and Disadvantages
Advantages
Electricity, water, and gas are available 24hrs a day.
Schools and colleges are public within the premises.
Theme parks/recreational areas are also open.
Grocery, Shopping centers, Malls are available.
A healthy, calm, and secure environment is there.
Gated community with security gates.
Nearby are the central locations and societies.
The major boulevard, highways, and streets are all carpeted and well-planned.
Drainage and garbage disposal systems that are well-planned.
Housing society that is green, inventive, and long-term
There is a piece station to maintain law and order.
System of protection.
The mechanism for the disposal of solid waste.
Disadvantages
High plot rates are perceived as having a negative impact.
Conclusion
Dream Gardens Lahore is a licensed housing society with one goal in mind: to give members a worldwide recognized living experience. The key attractions of this society are its luxurious facilities and convenient location.
This society’s frequently asked questions (FAQs) are as follows:
Q1: How does Dream Gardens Lahore differ from other housing societies?
Ans. Dream Gardens Lahore is a beautiful example of a residential community in the planning stages with cutting-edge technology.
Q2: Is it a legitimate and licensed housing society?
Ans. LDA, WASA, and LESCO have all given their approval to Dream Gardens Lahore’s NOC.
Q3: Is it a society with affordable housing?
Ans. Because of the flexible payment options, there isn’t a single doubt.
Q4: Is there a high-yield investment opportunity in our society?
Ans. Small investors are interested in investing in huge numbers, even if they come from a low background, because the installment plans are attractive to families. As a result, the chances of high-yield investment returns are higher.
Q5: Where are the Dream Gardens in Lahore located?
Ans. Dream Gardens is conveniently positioned on Lahore’s Defense Road.
Q6: Who are the Dream Gardens Lahore developers?
The Izhar Group of Companies and the Monnoo Group of Industries work together to construct Dream Gardens Lahore.
The Eighteen Islamabad is a new housing society created in Islamabad by Ora Developers, Saif Group, and Kohistan Builders & Developers, and it is a masterpiece in the making. The goal of this revolutionary project is to bring the most up-to-date international living standards to Pakistan. For those seeking a high-end living experience, the project will provide world-class amenities, technological infrastructure, and a magnificent atmosphere. The housing concept consists of a mix of villas and flats.
OWNER & DEVELOPERS
Eighteen Islamabad is a joint venture by Ora Developers, Saif Group Ora Developers, and Kohistan Builders & Developers in eighteen sectors capital city of Pakistan. Kohistan Builders and Developers has completed the construction of Zarkon Heights in Islamabad sector G-15. Mr. Naguib Sawiris, an Egyptian billionaire, owns the Ora Developer Company. Mr. Naquib Sawiris previously held Mobilink, one of Pakistan’s major mobile networks.
Location of Eighteen Islamabad
Eighteen Islamabad is in a prime location on the Kashmir route. This housing complex is the most recent development in Pakistan’s capital city, Islamabad, conveniently near the Islamabad International Airport. The project is close to one of the oldest housing societies in the University Town area. The position of Eighteen Islamabad Society can be seen on the map to be only some miles away from the Taj Residencia, which is a high-population housing society in the area and provides easy access to various vital highways.
Visitors will find it relatively easy to get to this fantastic housing complex because the location is convenient. If you travel along the Kashmir Highway until you reach zero points, you will arrive at the Eighteen Society. Another route is along the GT Road, which will also provide direct access to this society. This location is also pinned on Google Maps, making it easier for you to travel to the region. Anyone interested in visiting the community may search for Eighteen Islamabad on Google Maps and follow navigation. The Eighteen Housing Society occupies around 572 acres of land and is an ideal location for inhabitants in both living and investing.
Location Map
The community is only a 20-minute drive from downtown Islamabad and the twin cities, but it is also easily accessible by the Lahore-Islamabad Motorway Kashmir Highway Grand Trunk Road. The Islamabad new International Airport is roughly 16.3 kilometers from the location, which means it will take nearly 30 minutes, and G-10 and G-11 Markaz close by, making the Eighteen Society an incredibly desirable location.
The community is only a 20-minute drive from downtown Islamabad and the twin cities, but it is also easily accessible by the Lahore-Islamabad Motorway Kashmir Highway Grand Trunk Road. The Islamabad new International Airport is roughly 16.3 kilometers from the location, which means it will take nearly 30 minutes. G-10 and G-11 Markaz close by, making the Eighteen Society an incredibly desirable place.
Status of the NOC
The Rawalpindi Development Authority (RDA) has provided a clear No Objection Certificate for the project’s total land area of 700 acres. Society has acquired all of the lands.
Development Status
The present status of the development work at the Eighteen Housing Society in Islamabad is that it is moving at a rapid speed of completion and will complete in two parts. The first phase will finish the residential block in three to four years, while the s econd phase is due to finish the commercial block in three to four years. However, the work status is good in terms of quality and the amount of time it takes.
The master plan for this society is splendid in that it creates a lavish design and landscaping. Benefits an innovative architectural design that uses resources in cost-effective and beautiful ways, ensuring that the most up-to-date techniques are in maximizing the local climate and minimizing the negative impact on it as much as possible. Eighteen is a gated community to provide a fantasy lifestyle and luxurious living. The society is environmentally friendly, has natural beauty, lush flora, and flats and villas are by open and broad space. The villas and apartments are linked by a large, gently curving parkway with many luxurious amenities.
The architecture of the community as a whole is to matches the scenic views. Society is vast in terms of openness, the vistas are breathtaking, and the hills are society’s defining feature. The region covers 2.7 million square yards and includes numerous amenities to provide a luxurious and worldwide level of life.
Blocks of Eighteen Housing Society
The land required for the establishment of Islamabad’s Eighteen Housing Society is relatively large. The project aims to provide roughly 2,000 residential units, 1068 villas, more than 900 apartments, and commercial assets. The villas will be on-site sizes ranging from 10 Marla to 1, 2, 4, and 8 Kanal, respectively. These will be fully equipped villas with stunning views of lush green fields and parks of society.
Now, let us give you a quick synopsis of the society’s residential and business offerings:
The Eighteen Islamabad Residential Projects gives a taste of ultra-luxury living with a wide range of alternatives appropriate for families of all sizes. There are well-dressed, city-style apartments with wide-angle, continuous views of the golf field available for twosomes. Eighteen Islamabad offers magnificent separate Villas for larger families or those who require additional space. These large villas are a little more expensive and come in four and eight-kanal sizes, with a unique and intriguing design in crescent forms. There are some stunning residences with views of the society’s golf course.
Payment Plan for Residential Villas
The price range for the size 10 Marla in residential villas is PKR 4.66 to 6.95 crore.
The price for a 1 Kanal Residential Villa of this size is PKR 8.72 to 10.52 crore.
The price range for a property of size 2 Kanal in Residential Villa is PKR 16.27 to 18.62 crore.
The price range of PKR 28.41 to 33.81 crore for a 4 Kanal Residential Villa is PKR 28.41 to 33.81 crore.
The penthouses are between PKR 52.23 crore and PKR 53.92 crore.
Payment Plan for Apartments
Meanwhile, there is an alternative for apartments as well, and they are on great sale in Eighteen Islamabad, with costs varying according to size. Read on for more information on prices:
The 775 sq. ft. studio apartment is in the area. Ft. is priced between PKR 1.38 and 1.40 crore.
The apartment has one bedroom and is 969 square feet in size—Ft. With a price range of PKR 1.67 to 1.77 crore.
The area size of the 2-bed apartment is 1,668 sq. ft. ft. is available in a price range of PKR 2.82 to 2.99 crore.
The apartment has three bedrooms and is 2,196 square feet in size 2,207 sq. ft. to 2,207 sq. ft. The price range for ft. is PKR 3.71 to 4.10 crore.
Residential Projects
The Villas
There is a unique project of real states at Eighteen society that consists of 1/2, 1, 2, 4, and 8 Kanal sizes and will be private villas, so they are suitable for larger families or even those who desire roomy lodgings.
Commercial Projects
The Foundation
At Eighteen is a cutting-edge commercial opportunity for investors. Thirteen high-rise skyscrapers are in support of the cause. This corporate zone is in function to promote current culture while also innovating the business environment. The lovely infrastructure will display modern architecture while keeping a professional atmosphere aimed at large corporations, businesses, and investors. The Eighteen Islamabad has a commercial and residential property portfolio that is into the following project types.
The Group
The club, which is at the heart of the project, is likely to be a draw. The golf course that has been mentioned multiple times in this article is at the club. The view will provide:
A magnificent vista of meadows and lakes.
Making it a wonderful setting for gatherings on the patio.
Fine dining.
A place where you can thoroughly relax.
Squash courts, a cricket ground, a sports center, a yoga studio, swimming pools, and a cigar lounge are all available.
The Hotel Resort
The hotel, which will be at The Core Eighteen, will feature 150 rooms and will provide tourists with a five-star experience, as well as security and services inspired by the world’s most prestigious hotels. The resorts will have a spa, a gym, and a gourmet eating area. The party halls in resorts are large enough to host 1000 people easily.
The Center
In society, shopping malls will meet worldwide standards, making them ideal for friends, families, and couples to spend quality time together.
The Doctor’s Office
There will be highly qualified doctors and medical staff, patient wards, and an A&E section. The clinic will facilitate dealing with all types of emergency and non-emergency situations.
Pros & Cons
The benefits of the society are listed below to help you decide whether this project is a good investment for you:
Advantages
Surrounding greenery is environmentally beneficial.
The setting is fantastic.
The only upper-class Elite civilization with a variety of lifestyle options is the target market.
The highest possible standard of living
Luxuries – Offers Residents Exclusivity – Modern Infrastructure and Architecture – Safe Investment – Profits Guaranteed
A city within a city – A business center
Disadvantages
It is difficult to resale.
The prices are very high.
Upper class is their only target market.
Reasons to invest in Eighteen housing society
The Eighteen Islamabad is a project with a budget of around 2 billion dollars. These are the reasons why you may consider purchasing it:
The large villas are gorgeous and expansive, making them ideal for large families or individuals who demand a lot of space to live.
An extensive 18-hole golf course is ideal for relaxing and provides a magnificent perspective of the houses.
There is a concept for a high-end business center called The Core, which will provide several chances for firms and investors.
Keeping in mind the importance of education in today’s world, the international Standard Schools & Colleges are accessible to the general public.
There is a network of wide carpeted roadways to overcome traffic.
Parks, lakes, and hills surround the society, providing breathtaking vistas.
There are fully equipped hospitals with perfect health care claims.
There are clubs in which residents can join and amuse themselves with friends or family.
At The Square, there are also world-level shopping complexes and a food street.
The Resort offers amenities such as a spa, exercise facilities, swimming pools, and dining.
At The Height, there are opulent residences.
Mosques are close by for simple access and convenience.
Natural resources are used in the most cost-effective methods possible, making the area the most environmentally friendly.
Society is cover by lush greenery.
The setting is fantastic.
It’s a well-planned, professional-designed elite society with a choice of living options.
Provides a fantasy lifestyle.
The infrastructure and architecture are both gorgeous and modern, with plenty of amenities.
The investment is safe, and investors can expect a good return.
For organizations seeking investment opportunities, tremendous potential as a business center is available.
Buying guide for Eighteen
Recently, In Eighteen Islamabad, there has been an opportunity for sale on the properties, with the option of paying in easy installments. The discount will apply to early bookings that are payable in full with a 15% down payment. The remaining balance, on the other hand, can be paid in 14 equal quarterly installments. The prices of properties at Eighteen Society, Islamabad, according to their property type are as follows:
Facilities of the Eighteen Housing Society
The top-rated Eighteen housing society offers a wide range of amenities to guarantee that its residents live a high-quality living.
The following are some of the characteristics:
The residential building of the society contains over two thousand units, providing a diverse range of alternatives.
The design and infrastructure are cutting-edge, and there are numerous surrounding amenities such as mosques, hospitals, schools, and an airport.
There is a magnificent 18-hole golf course within the society, making it possible to travel within bounds and have fun-filled leisure.
Within the confines of the Eighteen housing society, there is a very luxurious 5-star hotel that can both entertain and add beauty.
A shopping center of international standards may be found, with most of the rarely seen brands in Pakistan from outside and high-end retail establishments. It is for all those who value utilizing high-quality products and can now easily select items that suit their preferences.
Because there are state-of-the-art commercial buildings within the Eighteen housing society, there is a business district facility in high demand among investors.
The high standards of prestigious educational institutions are also within reach of our society. They are making it possible for families with children to do so.
There are hospitals in the society with well-maintained medical and health-care units, ensuring that everyone in need of assistance is well cared for and pampered.
The area’s parks and rich flora make it both gorgeous and environmentally friendly.
Extra-wide roadways and adequately built spaces for car parking were made accessible in the eighteenth century to aid in the prevention of traffic congestion.
Additionally, municipal amenities are available, providing an additional advantage to society.
Because safety is our country’s top priority, there is a highly secure and safe environment in the surrounding area and the Eighteen Housing society.
Conclusion
The housing endeavor is an impressive residential project in Capital City, where property values are already high. Still, the market predicts to expand tenfold with housing societies such as Park View City, Eighteen Islamabad, and Bahria Enclave. To attain more return on your investment in the shortest amount of time, you should invest in the early stages of these assets. For more details, information and related queries you may get in touch with Estate Land & Marketings for better understanding.
FAQS
Q1: What exactly is the Eighteen Islamabad?
Eighteen Islamabad is a new housing project currently under construction in Islamabad.
Q2- What is the location of Eighteen Islamabad?
Eighteen Islamabad is located on the Kashmir Highway in Islamabad’s 18th sector and may also be accessible via GT road.
Q3- Who is the owner of Islamabad’s Eighteen?
Ora Developers, Saif Group Ora Developers, and Kohistan Builders & Developers collaborated on Eighteen Islamabad.
Q4- What are the different plot sizes available at Eighteen Islamabad?
Eighteen Islamabad offers various apartments and villas in sizes ranging from 12, 1, 2, 4, and 8 Kanal.
Q5- What distinguishes the Eighteen Islamabad society from other communities in the region?
Eighteen Islamabad is Pakistan’s most distinctive and forward-thinking city. The exquisite architecture, amenities, and entertainment will elevate and elevate this project in Islamabad and Pakistan.
DHA Multan is the recent addition to Pakistan’s DHA housing society system. Like other DHA complexes, DHA Multan offers inhabitants luxury and convenience, as well as security and confidence. In addition, the society provides investors with a wide range of residential and commercial possibilities and world-class amenities.
Multan is not one of the country’s largest and most prosperous cities, yet it is well developed. DHA Multan is the only modern, productive, and secure society in Multan and south Punjab.
Information of DHA Housing Societies
DHA Multan will offer Multan inhabitants a variety of residential and commercial possibilities and a green and clean environment, modern and state-of-the-art living, entertainment for its residents, safe and secure surroundings, and primary and luxurious facilities. To summarize, it will serve as a model society for Multan residents.
DHA Housing Society is one of the reliable housing societies. DHA’s initial project was DHA Lahore, which is currently operational. DHA now has several successful and beneficial projects in several of the country’s major cities, including Lahore, Karachi, Peshawar, Islamabad, Bahawalpur, and Quetta, which was primarily in Lahore for the armed forces.
Multan City Information
Initially built this society, DHA, for the military, it is currently open to the general population.
Multan is an ancient city with several historical sites and a long history. It is also known as the South Punjab Metropolitan Area. Multan is the fifth-largest city in Pakistan and the capital of Punjab’s south-central province.
Multan is at the confluence of five rivers. It’s a cotton-rich city with a thriving trading community. The Chenab River flows through Muzaffar Garh on its western side, while the Sutlej River separates the town from Bahawalpur. DHA Multan will increase the city’s demand and value.
Developers and Owners
No one person owns a DHA housing society. Instead, retired or senior military commanders manage DHA housing society projects. For example, lt. General Muhammad Naeem Ashraf is the chairman of the DHA Multan project, and Muhammad Shoeb Anwar Kayani is the project director. He envisioned DHA Multan as Multan’s social, economic, and political hub.
The owner of DHA Multan has signed a contract with ProMag for DHA Multan’s development and construction. It is the ARETE Group’s flagship company.
ProMag Pvt Ltd
It is a management consulting firm with a wide range of services. It is involved in several national and international projects. The company’s national projects include EMAAR-Crescent Bay, Airport Circle, waterfront Condominium, eighteen housing society, Ocean heights, and DHA Bahawalpur. In contrast, its foreign projects include Rajagirya, United Mall Gugasht, Abrar al-Jamia Omdurman, and mix development Srilanka.
The DHA Multan Housing Society receives the following services from them.
Management of a project
Consultancy services
Planning a master plan
Development of architecture
Controlling the construction process
Engineered projects
Aside from that, four renowned construction firms have been handed contracts to develop DHA Multan sections. Frontier Works Organization (FWO), National Logistic Cell (NLC), Tahir Builders, and Zahir Khan & Brothers (ZKB) (Pvt) Ltd are the names of these companies. FWO contributes its expertise and years of experience.
DHA’s Location Map Multan
Multan’s DHA Multan is on Bosan Road. It is close to Bahauddin Zakariya University. Because DHA Multan is there on such a large piece of land, it has two leading ends: one on Bosan Road and Marital Road. At both extremities of the society, DHA Multan has an entrance gate. DHA Multan’s headquarters are on Multan Public School Road, near the Northern Bypass.
Mauza
DHA Multan is the intersection of three Mauzas: Mauza Sangi, Mauza Kotla Sadaat, and Mauza Garay Wahan. This expected DHA Multan area is also conveniently located near Bahauddin Zakriya University, Bosan Road, and Mattital Road.
Access Points
Bahauddin Zakriya University,
Bosan Road,
Sakhe Madina minor road
Mattital Road
Housing Societies in the Neighborhood
Wapda town
MDA officers colony,
PIA employees housing
Al Falah modern city
Gulistan homes
Buch Villas
Faizabad colony
Master Plan of DHA Multan
DHA Currently, Phase 1 of the Multan master plan consists of sectors referred to as sectors A, B1, B2, D – V, W1, W2, and X.
The image of the plan of DHA Multan is below.
Masterplan Area of DHA Multan
DHA Multan is a 9000-acre development with two main entrances, one on Bosan Road and Mattital Road.
Plot Dimensions
DHA Multan offers a variety of plot sizes.
Plots for residential use
1 Kanal, 2 Kanal, 5 Marla, 8 Marla, 10 Marla
5 Marla, 8 Marla.
Plots for business
Development Status
DHA Multan’s growth and building projects are moving at a breakneck speed. The main entrance and side walls are complete. More plots in the community have already been into sizes. Sectors A and V are currently developing. In addition, customers have possession of plots in sector M, and development is complete. Authorities have declared a complete waiver of development fees for new housing construction. Therefore, the disclaimer on development and utility charges for sector M is as follows.
Furthermore, the Villa Shopping Arcade’s groundbreaking ceremony was on April 23, 2020. Now, work on the DHA Multan villas retail mall has begun, with authorities aiming to finish it within a year. As a result, the building is progressing quickly but with high-quality results.
A Development Charges Waiver
DHA If construction will complete within one year, Multan will waive all development fees.
Suppose the construction will complete in 14 months or less. In that case, Waiver of Development Charges of 80% If the project is complete in fewer than 16 months, 60% of the development fees will waive off if the construction will complete in less than 18 months; waiver of 50% of Development Charges.
Fees for utilities are not required to be payable.
If the construction of 5 to 10 residential units begins within 12 months, it will waive utility charges in half.
If the construction of 11-19 residential units begins within 12 months, will waive utility charges in 75% of cases.
If the construction of 20 or more residential units begins within the next 12 months, will waive the utility charges entirely.
If the construction of 5-9 commercial units begins within 12 months, will waive the utility charges in half.
If the construction of 10 or more commercial units begins within the next 12 months, will waive the utility charges entirely.
Development Status of DHA Multan
As previously stated, development work in DHA Multan is progressing quickly. In 2014, management started working on the DHA Multan housing society. Almost ten sectors are complete. Many plots have been handed over to their rightful owners to begin construction on their homes in DHA Multan. Water, Sui gas, and electricity are all supplied through wires and pipelines.
Payment plan for DHA Multan
Because the DHA Multan plan files of sectors are sale out, the DHA Multan payment schedule has come to an end. However, you can now purchase these plots at the total price. In addition, DHA villas with reasonable payment plans are still available. These plots’ average pricing is listed below.
Residential Plots
The cost of a five marla plot ranges from 15 to 22 lacs.
8-marla plots range from 23 to 30 lacs.
Ten marla plots range from 32 to 38 lacs.
The cost of a one kanal plot ranges from 28 to 58 lacs.
The cost of a two kanal plot ranges from 115 to 150 lacs.
The prices of DHA Multan plot files began at less than ten lacs and have already surpassed a crore. It demonstrates due to the image of a dependable and secure community built under the moniker of DHA. These are the guaranteed profit return.
Plot Balloting at DHA Multan
DHA Multan proves to be an instant hit with potential clients. People from all across Pakistan and the world are interested in purchasing a plot in DHA Multan. This housing society began collecting applications in January 2017 and held a fortunate draw in June 2017 to determine the winner. These applicants came from a variety of backgrounds, including citizens and military personnel.
Balloting Ceremony and Results
The DHA Multan Phase 1 Plot balloting ceremony took place on July 31, 2019. Multan hosted the event. The Balloting comprised the results of all plot files, including 5, 8, 10, 1, and 2 Kanal residential plots and 4, 8, and 8 Marla commercial plots. The results of the location plot ballot have now been uploaded and made available on DHA Multan’s official website. You can check your plot’s status on the website.
Facts and numbers about the results of the DHA Multan housing society balloting:
In DHA Multan Phase 1, there are a total of 49273 residential plots. In each housing society sector, the number of residential properties is by plot size.
15989 5 marla plots are available in DHA Multan Phase 1, P, T, and V.
There are 2891 8 Marla plots in DHA Multan Phase 1, Sector V.
There are 2947 10 Marla plots in DHA Multan Phase 1, sectors U and B1.
DHA Multan Phase 1 plots are one kanal in size, with all sectors totalling 26979.
The total number of plots in DHA Multan Phase 1, sectors A and N, is 467.
DHA Villas Multan
DHA Multan has announced DHA villas in addition to residential and commercial sites. They are the ideal pre-designed cottages for happy family life. The available villas are 6, 9, and 12 marlas in size. The privacy and reservation of those who live in mansions are likewise strictly protected.
The following are the details and prices of villas of various sizes:
DHA Multan Villas Dimensions
3 BEDROOMS – 6 MARLA ( 1994 SQ FT )
4 BEDROOMS – 9 MARLA ( 2751 SQ FT )
4 BEDROOMS – 12 MARLA ( 3149 SQ FT )
5 BEDROOMS – 12 MARLA ( 3530 SQ FT )
DHA Villas Payment Plan
DHA Multan Payment Plan
There is no reimbursement for the application processing fee.
They will adjust the booking cost in down payment based on the success of total applicants.
If an application is unsuccessful, the booking fee will be reimbursed to the applicant within 30 days after the Balloting.
To get the returned amount, you must present the original receipt and a copy of the applicant’s CNIC/NICOP.
Villas Masterplan
Important Features and Services
A well-planned and ordered community
Community with a fence around it
Fascinating villas
Commercial zone on its own
A 300-foot main avenue connects to an extensive network of highways.
Electricity from the earth
Water, gas, and electricity are available 24 hours a day, seven days a week.
Education on the internet for free
Centers for health and medicine
The most extravagant retail mall in the world
Gyms on a global scale
Plans that are simple to follow
Security is available around the clock.
Parks with lush greenery
Hypermarkets are stores that sell a wide range of products.
A skilled business will plan and maintain your project.
A five-star hotel
Arena – A significant event venue.
International golf course with the most advanced golf academy
Services relating to entertainment
On the sides of the highways, there are lovely green belts.
Club de Campagne
Plant nursery DHA
The profit potential is promising.
Many clothes and other brands have franchises.
Jamie Masjid and the Grand Mosque are two of the most important mosques in the city.
Amenities & Services
Surroundings that are both safe and sound
DHA Multan is well-known for its most contemporary security measures, and providing the safest location in town is a top focus for the organization. They put the safety of each resident first, which is why this home project is known as Pakistan’s safest home initiative. They’ve devised a comprehensive safety system backed by expert employees and cutting-edge technology and equipment. They use secure gates, correct setup, and safe video surveillance.
The atmosphere that is both clean and green
It is one of those abundant home societies that employs cutting-edge technology to provide every conceivable amenity and ensures that its residents live in a green and healthy environment. There are well-designed amusement parks and green ballets, ensuring that the environment is fully pollution-free for all citizens. If you want a healthy lifestyle for your loved ones in Multan, DHA Multan should be your first pick.
Planning and management are essential.
Because DHA Multan comprises numerous businesses, a dedicated team is in charge of all of the tools and facilities for every resident. The project management team is in order of it all. DHA Multan has a society maintenance agreement with ProMag. ProMag is a well-known provider of municipal and planning consulting services.
Property for Commercial and Industrial Use
Commercial plots are provided alongside residential properties and are an essential aspect of the overall housing project. It benefits the residents of the home society and opens up numerous economic prospects for investors and traders from outside the community. In addition, there is a designated area for business niches where inhabitants can conveniently obtain life’s fundamental necessities. Malls, on the other hand, can be a terrific business opportunity.
Center for Hospitalizations
Personal and family health is your most important resource, so it is so essential to the social authorities. Therefore, DHA Multan is putting a lot of effort into providing the best hospitalization facilities for its residents.
One can take advantage of all of the emergency medical services as well as the best doctors available.
Education Facilities
You are planning for Educational Facilities in Society Inside DHA Multan, university campuses, schools, and colleges. There are also the best schools for education and a college-level education center. It ensures that your children’s futures are in safe hands within society. The residents of DHA Multan will benefit from outstanding educational possibilities as a result of this. SICAS is a unique foundation that is established solely for academic reasons to ensure children’s educational achievement.
Theme Parks
All of the abundant and appealing features are available in DHA Multan Theme Parks. Another goal of DHA Multan is to provide wholesome entertainment inside its bounds. Therefore, developers aim to construct a large number of open themed parks for the city’s residents. You’ll also have access to the attractions of a theme park, where you can spend quality time with your family. Overall, the atmosphere is open and healthy. Luxurious villas are also available today in DHA Multan, which you may buy to enjoy a superb standard of living.
DHA Golf Course in Multan
The Defense Housing Authority (DHA) in Multan, Pakistan, will build the first golf course of its sort. The Faldo Design firm has also struck an arrangement with the DHA Multan authorities. Sir Nick Faldo, a six-time major champion, is the firm’s owner. He promises to send one of his signature golfers to the event. The area is, of course, a 7,500-yard stretch of land.
This golf club will set new golfing standards in Pakistan and is a GEO Certified golf course. The golf course’s services include:
Engaging new players.
Providing different golf holes for professionals.
For all golfers Providing an exciting and memorable challenge
The DHA Multan golf course will also offer international tour opportunities in Pakistan.
Gym on a Global Scale
There is a world-class gymnasium center where you may stay in shape and stay healthy. DHA Multan will be able to live a healthy lifestyle thanks to these gyms. Professional gym coaches will soon be on hand to assist you in practicing and adopting a healthy lifestyle while using the most up-to-date exercise equipment.
Electricity from Below
DHA Multan home project will be a community free of electricity lines. The entire power system will most likely be underground, allowing you to take in the beautiful scenery. Internet, phone, and other wire-based services will also be underground. The essential utilities are adequately coated and wired underground, including gas, electricity, phone, web, internet, and sewage.
Infrastructure on the Roads is Wide
Due to the well-organized road infrastructure, the network of roadways within the home project will be flawless. In addition, because there will be less traffic and wider roads, you will be able to get to your desired area in less time.
The drainage system of exceptional quality
Multan’s DHA will create new sanitary systems. The developers’ goal is to make a cutting-edge sewage system to make life easier for the residents.
Club and Community Center
DHA Multan aspires to create a sense of belonging among its citizens. Therefore, DHA Multan will also have a community center and club for its cherished residents, as is customary in DHAs around Pakistan.
Developer of Masjids and Grand Mosques
In each housing society block, sufficient ground is for constructing a gorgeous mosque with some lofty Domes and traditional Islamic architecture. Every sector has its masjid where people can fulfil their Islamic obligations.
The Battlefield
The Arena is located just after DHA Multan main entrance. This Arena isn’t simply a retail mall; it’s also a full-fledged entertainment complex. It has everything you need. A fantastic play area for children and a food court, cafes, gaming zones, a Multi-Screen Cinema Complex, shops and marts, a hyper mart, and various other enjoyable activities are there. The sounds of animals and lovely and green sceneries are missing from 360 Zoo Parks and pleasure sites; DHA Multan has both. The 360 zoos will expect to grow into a society with many wild and unique creatures.
Bilal Masjid
Masjids and mosques will find in every sector of DHA Multan, but one of the most notable will be the Bilal Masjid, a grand mosque. It will top it with a stunning dome.
Why should you invest in DHA Multan?
In terms of safety, amenities, and modernization, DHA Multan is the most comprehensive housing development.
DHA Multan is under the supervision of retired army personnel; as a result, people may rely on this housing community.
All of the amenities accessible in the society meet the community’s global standards. DHA Multan offers the best schools, colleges, institutions, parks, theme parks, zoos, and other attractions.
To summarize, DHA Multan is the most proper place for families to live. Furthermore, society’s essential services are incredibly cost-effective.
DHA Multan plots are currently available at a low cost. However, it will take at least 1 to 2 years to see a profit. However, the gain will very certainly be substantial.
The usual price in a well-developed housing society in Multan and Multan Cantt is between 1.2 and 2.5 crores. In contrast, DHA Multan filings rates for one Kanal are between 45 and 48 crores, significantly less than other societies but far superior in quality.
How do I reserve a room at DHA Multan Villas?
Online Application Instructions
A single Application Form is valid for one villa; if you want to reserve two villas, you’ll need two application forms.
On-site DHA Multan challan forms are there.
Complete all of the application fields.
Anyone can apply, both Pakistanis living in Pakistan and Pakistanis living abroad.
The pricing at DHA Multan is there in stone.
The Benefits of Living in DHA Multan Villas
You are not required to create your dwelling.
For the entire family, a safe and secure living environment is essential.
The environment is green and clean.
Vital services such as gas, water, and power are available 24 hours a day, seven days a week.
The house planning and maintenance team are always available by phone.
How do I make a reservation at DHA Multan?
You will require the following documents to reserve your plot or location in DHA Multan.
Application for DHA
Multan DHA form
DHA Villas challan Multan
Instalment form for DHA Multan (in case of villas)
Affidavit
2 x CNIC (Certificate of National Identification)
Two copies of your nearest relatives (father/mother/brother/wife/sister)
Two photographs (passport size)
Considerable payment must be in the form of a cheque, a money order, or cash.
The applicant’s actual address, which is reachable
Note: Under the DHA Multan process, a name change is not allowed if a name is with incorrect spelling.
Other Things to Ensure When It Comes to Processing
The initial processing of the file and issuing the Intimation Letter in the buyer’s name takes 5 to 7 working days.
A photocopy of the Intimation Letter will be sent to you by mail/sent to you for your records, with DHA Multan verifying its authenticity if needed.
Once the buyer has confirmed the legitimacy of the Intimation Letter, they must submit the remaining balance of the file, together with a fee of Rs.10,000 for the Intimation Letter and Rs.69,160 for the Allocation Letter.
The buyer has the option of confirming the legitimacy of the file over the phone or by physically visiting the DHA Multan Office until the Intimation Letter is issued.
They will hand over the allocation letters in 5-7 working days, and the buyer must be physically present at DHA Multan to obtain them.
Askari Housing DHA Multan
The Army Officers Housing Scheme (AOHS), commonly called Askari Housing, is a beautiful project within the DHA Multan housing community. The Askari Housing Project has 150 acres in size. The first phase of development began in September 2017 and has now entirely complete. Phase 1 Askari home in DHA Multan is stretched across 50 acres of land and contains 439 plots.
According to the master plan provided by the DHA Multan administration, Askari phase 1 would contain the following sizes of dwelling units.
On a Kanal, SU Houses are there.
SD Houses are on 12 Marla plots.
Three-Bedroom G with Three-Half-Block Units
3 QTR Block Units with 3 Bed G
How to Reserve a Place?
Application Instructions for the Web
If you wish to book two villas, you’ll need two applications.
The on-site challan form for DHA Multan is accessible.
Complete the application form in its entirety.
Local and international Pakistanis alike are welcome to apply.
Advantages of a DHA Multan Villas Residence
You don’t have to create a home design.
The complete family may live in a safe and secure atmosphere.
Reasonable pricing that is within the means of middle-class and upper-class families
An environment that is both green and clean
Essential services including gas, water, and power are available 24 hours a day, seven days a week.
The team in charge of housing planning and maintenance is always available by phone.
In DHA Multan, how do I make a reservation?
The following documents are required to reserve a plot or location in DHA Multan.
DHA Multan challan and application form
Instalment form for DHA Multan (in case of villas)
Affidavit
2 x CNIC (Certificate of National Identity)
2 Copies of your Nearest Relatives (father, mother, brother, wife, sister)
Two photographs, passport size
Payment in the form of a check, a money order, or cash is required to secure a reservation.
The applicant’s current, reachable address should be there.
Note: Changes in names are not permitted under DHA Multan policy if the word is in incorrect spellings.
Other Processing Facts
Initial file processing and issuing the Intimation Letter in the buyer’s name will take 5 to 7 working days.
A photocopy of the Intimation Letter will be sent via mail /sent to you for your records, with DHA Multan verifying its authenticity if needed.
Once the buyer has confirmed the legitimacy of the Intimation Letter, they must submit the remaining balance of the file, along with a fee of Rs.10,000 for the Intimation Letter and Rs.69,160 for the Allocation Letter.
The buyer has the option of confirming the legitimacy of the file over the phone or in-person at the DHA Multan’s Office till the Intimation Letter is issued.
The buyer must physically present themselves at DHA Multan to acquire the Allocation Letter, which takes 5-7 working days.
Askari Housing DHA Multan
The Army Officers Housing Scheme (AOHS), or Askari Housing, has been introduced by the DHA Multan Housing Society. The Askari Housing project spans 150 acres. The first phase of development began in September 2017 and ended in September 2018.
Phase 1 Askari home in DHA Multan has 50 acres of land and has 439 plots.
Askari phase 1 will feature the following sizes of dwelling units, according to the master plan provided by DHA Multan’s management.
On a Kanal SD, SU Houses are there. 3 Bed G with 3 Half Block Units 3 Bed G with 3 QTR Block Units are on a 12 Marla basis.
Units in Number
39 3 Bed G+ Half Block Units SU Houses 44 SD Houses 284 Special Houses
Total 439 = 64 3 Bed G + 3 QTR block
Plots in DHA Multan are available for purchase.
DHA in Sector M, Multan claimed possession. As a result, this ownership received a 2.1 million development fee waiver from the jurisdiction.
The Annals of 100% increase charges for Sector M residents are incredible and heartwarming.
Those looking for the most significant property for sale in Multan may take advantage of this opportunity and buy DHA Multan. Because property prices are increasing every day, now is the perfect moment to invest. So make intelligent investment and join Pakistan’s “DHA Multan” initiative, which is rapidly expanding. Sector M, the core of DHA Multan’s, is still a business district. However, it is by far the most appealing and widespread social group. Sector M is currently home to roughly 1400 plots and is there with two critical boulevards. First, if you own a business plot, act quickly and hire for plot ownership.
In addition, the ownership of Sector Q, R, H, K, B1, and A is likely to be revealed in December 2020. In these storylines, you’ll quickly learn about possession.
In DHA Multan, Where Should You Invest?
It is good to put your money into areas that are more strategically locating or are still developing. It is the most significant moment to buy those plots because they are available at relatively affordable prices, with a one kanal plot costing around 50 lacs with amenities like DHA Multan.
If you decide to buy DHA Villas, keep in mind that obtaining a profitable yield may take at least one to two years. Compared to the average plot in this area, purchasing a corner or facing park plot will give you more significant outcomes.
The price of DHA Multan’s Stage 1 plots is lower than expected by stockholders. The high quantity of accessible schemes is a crucial issue that will keep costs down. Moreover, the current property investment market is not particularly favourable. Plot marketing isn’t a great idea because some blocks’ pricing is lower than file rates.
Conclusion
DHA Multan’s is a society where you will never lose money, either in terms of living or investing. That is why you must reserve a spot in this dependable and evil housing society. Residents of the community do not need to leave the society’s limits for any fundamental requirement or recreational activity; they can find everything within the gates. In conclusion, DHA Multan’s is the only ideal residential location in Multan. For any query and information, get in touch with Estate Land & Marketing for better information.
FAQS
Q 1: Who is the DHA Multan owner?
Answer: There is no single owner of any DHA housing society. Retired or senior military commanders oversee DHA housing society projects. For example, lt. General Muhammad Naeem Ashraf is the chairman of the DHA Multan’s project, while Muhammad Shoeb Anwar Kayani is the project director.
Q 2- Is DHA Multan a legally recognized housing society?
Yes, the DHA housing society is governed by the armed forces, making it a completely legitimate and trustworthy organization.
Q 3: How can I pay for a plot in DHA Multan?
Answer: Although the plots of DHA Multan sectors have already sold out, you can still purchase a property by paying the plots’ overall dues.
Q 4- How do I pay for a DHA Multan villa?
Answer: DHA Multan’s Villas come in various sizes and can be purchased on easy instalment plans, as detailed in the article.
Q 5-When will residents of DHA Multan begin construction on their homes?
Answer: As soon as you have a plot in DHA Multan’s , you can begin construction on your home. In society, you are free to build a home whenever you wish.
Q 6- When will the plots be available for purchase by society?
Answer: Transference of plots in numerous sectors. Other properties will soon be available to investors who have made all of their required payments.
Q 7- Is this a suitable place to invest in the short or long term?
DHA Multan’s is a society worth investing in; it is a great long-term and short-term investment opportunity. In general, the DHA Housing Society is a trustworthy name.
Q 8: How large is DHA Multan in total?
DHA Multan’s Phase 1 consists of 9000 acres of land for society development.
Q 9: In DHA Multan, what plots are for sale?
Answer: Residential plots of 5, 8, 10 Marla, 1 Kanal, and 2 Kanal, as well as 5 and 8 Marla commercial plots, are there in the society’s sectors.
Q 10:In commercial plots, what possibilities do you have?
Answer: In this housing society, commercial plots of 5 and 8 Marla are readily available.
Q 11- Is society a good place to invest or live?
DHA, of course. Multan Housing Society is a fantastic area to invest and live.
Q 12- What is the procedure for reserving a plot in DHA Multan?
Answer: To reserve your plot, please get in touch with Estate Land & Marketing, and we will guide you thoroughly in the entire process of purchasing or selling your land. Sky Marketing specializes in providing high-quality services.
Q 13:What distinguishes this project from others?
Answer: The society provides its citizens with sophisticated and up-to-date amenities such as underground power, water, and gas. In addition, the community offers a variety of restaurants, parks, a zoo, and a world-class cinema and entertainment center for recreation. In addition to sector mosques and a Jamia mosque, the society of primary international schools and colleges.
Q 14: When will the work on societal improvement begin?
Answer: Work on the society’s development has already begun; for example, work on the significant Boulevard is about to complete, and work on the mosque has already started. Also nearing completion is the arena. In addition, the DHA Villas project is now in the works. Please see the section on DHA Multan’s Development on the page above for further information.
The Al-Haram City Rawalpindi is a thrilling pinnacle of excellence in the Twin Cities area. It’s been dubbed “real estate’s brightest star.” It is a low-cost housing society since it offers flexible payment plans for residential and commercial plots with modern and luxurious amenities.
History
Al-Haram City Rawalpindi first opened its doors in 2004. This apartment complex is divided into two sections, each with its own set of amenities. The second phase of society began in 2005. The essential feature of this housing development is that it offers international amenities at a reasonable price.
Developers and Owners
The creators of this revolutionary housing project are Al-Haram City Builders and Developers. In the building and development industries, they have honed their skills. They completed the Al-Haram City project on time and within budget.
The company offers various real estate infrastructure development services. Thanks to its highly qualified team of civil engineers, talented architects, and other vital specialists. The project’s developers promise to provide investors with enticing commercial and residential features.
Status of the NOC
The Al-Haram City Rawalpindi No Objection Certificate (NOC) has been approved by the Tehsil Municipal Administration (TMA) Rawalpindi and the Rawalpindi Development Authority (RDA). All other necessary paperwork has been taken care of by TMA.
The lodging society is a good place for investors to deposit their trust and money. Once a residential society has obtained legal status, there is no reason why you should not invest in it.
Location Map
The most astonishing thing about the lodging society is its fantastic location. Al-Haram is located on the main Chakri highway, just a few kilometers from Karma Chok Rawalpindi. Two adjacent housing societies are the Defense Housing Authority (DHA) and Capital Smart City.
Access Points
The quickest routes to get to Al-Haram City Rawalpindi are as follows:
Near Dhamial Road, right on Chakri Road.
Adiala Road is about a 26-minute drive from the M-2 Lahore-Islamabad Motorway and is about a 23-minute drive from the M-2 Lahore-Islamabad Motorway.
Girja Road is approximately 17 minutes distant.
Landmarks and Nearby Location
The following are some of the nearby landmarks and places to Al-Haram City Rawalpindi:
Fatima Jinnah Women University
Shadman Town
Bestway Cement Suppliers
Dhok Chathianwali
Dhok Sarparaswali
Dhok 6Jumen
Dhok Natya
Capital Smart City
New Iqra City Society
Kalyan Par
Lambigarh
Master Plan
The master plan for Al-Haram City was developed and finished by a team of highly competent civil engineers, architects, and developers. The firm provides a wide range of residential and commercial plots at affordable pricing.
Phases of Al-Haram City Rawalpindi
The phases of society are as follows:
Phase I
Phase II
The following are the blocks in Phase I:
Al Harmain Block I
Al Harmain Block II
Al Harmain Block III
Al Falah Block
Al Huda Block
Tuba Block
Aqsa Block
Nimra Block
The following are the blocks in Phase II:
Al Masoor Block
Al Rehman Block
Al Noor Block
Al Raheem Block
Al Munawar Block
Al Shaheed Block
Al Latif Block
Residential Plots
The residential plots of Al-Haram City Rawalpindi are as follows:
3 Marla
5 Marla
6 Marla
7 Marla
10 Marla
1 Kanal
Commercial Plots
The commercial plots of Al-Haram City Rawalpindi are as follows:
6 Marla
7 Marla
Payment Plan for Commercial Plots
The society’s management has set the payment expenses to make it one of the most cost-effective societies in Rawalpindi and Islamabad. Plot prices are continually fluctuating based on the property market and the management of society. Residential land rates in Rawalpindi’s Al-Haram City are as follows:
Plot Size
Plot Prices
3 Marla (R)
6.3 Lac
5 Marla (R)
7.7 Lac
6 Marla (R)
8.9 Lac
7 Marla (R)
10.89 Lac
10 Marla (R)
18.3 Lac
1 Kanal (R)
31.1 Lac
Plot Size
Price
Booking
Instalments
On Transfer
6 Marla
78,75,000
16,00,000
42 Monthly Instalment 1,39,880/-
4,00,000
7 Marla
96,25,000
19,00,000
42 Monthly Instalment 1,72,023/-
5,00,000
Provided Amenities
All of the modern comforts and amenities are available at reasonable rates in Al-Haram City Rawalpindi. Any current, prosperous civilization can be defined as a full-bodied residential project if it includes facilities. The services supplied by the Al-Haram City plan are as follows:
High-Quality Road Infrastructure
The roads and other infrastructure are created with a high level of professionalism and equipment. The Major Boulevard and its surrounding streets are wide and open, giving the area a fantastic appearance.
Business and Commerce Center
New retail complexes are being built to satisfy the demands of the residents of Rawalpindi and Islamabad. The commercial zone includes stores with well-known national and international brands, supermarkets, food courts, a children’s section, corporate offices, and banks.
Services in the Medical Field
The lodging society’s health services have received special attention from the developers. The developers intend to construct forward-thinking worldwide hospitals and clinics. The emergency room will take seven days a week, with staff and doctors on hand.
Cemetery
Any lodge society would be incomplete without a cemetery. Residents may choose to bury and pray for their departed relatives. They can also pay their respects to family members who are buried within the lodging society.
Center for Community Development
It’s difficult to do social work in a drab, uninspiring, and out-of-date community center. Fortunately for recent social work graduates, Al-Haram City Rawalpindi has a community center with various services to keep residents and staff happy.
Pumping Station
Society must provide a petrol station in a convenient location for all residents. The gasoline filling scale will be quite precise, and customers will be happy with the mileage.
The sheer number of cars at the station speaks for itself; we’ve observed that the optimum times to avoid big queues at the gas station are between the hours of 8 a.m. and 10 p.m.
Important Characteristics
The following are some notable features of society.
Cost-Effective Living at the Boundary Wall.
Infrastructure development on a global scale.
Grand Mosque in the Eco-neighborhood.
Water Resources.
Medical services are provided via hospitals, dispensaries, and clinics.
Institutes of Higher Learning.
This club has both indoor and outdoor sports facilities.
Areas of Retail.
Pumping Station.
Gas Sui
High-quality upkeep
Underground water and electricity
Sewage and trash disposal system
How to book a Plot in Al-haram city?
The booking procedure is straightforward. There are precise standards to follow, and making bookings will be a breeze.
Protection of Financial Assets
Before concluding any property sale or purchase, be sure your resources match your buying plan. This safeguard will ensure that your buy or sell goes smoothly.
Examine the Paperwork
Please check all of the papers thoroughly to avoid any misinterpretation or misunderstanding. Before buying or selling a home, make sure to inquire about the developer’s NOC and approval paperwork, which the authorities have formally approved.
Inspections of Real Estate
Inspect the property before making any purchases to ensure that the written documents adhere to the plot parameters. Following are the guidelines to make your reservation. Allow the booking process to be handled by our professionals at Estate Land & Marketing.
Visit the Estate Land & Marketing for reservations and more information. To make reservations, one can use the internet.
On the lodging society’s official website, you can download the booking papers.
Fill out the application form with all of the necessary information.
Deposit Estate Land & Marketing in the form of pay order, cash, or purchase order.
Send in your booking form, along with all necessary documentation and payment order.
Documentation is needed.
For the reservation of your plot, you will need the following documents:
Two copies of the applicant’s CNIC
2 Applicant Photos
Two copies of the nominee’s CNIC
Why Rawalpindi’s Al-Haram City?
Have you ever fantasized about having the perfect home, complete with peace and all of the modern conveniences? Prepare to be wowed as Al-Haram City Rawalpindi fulfills that ultimate fantasy. The developers are focused on providing excellent infrastructure and design to give inhabitants what they want. Why not Al-Haram City Rawalpindi? Is the real question here.
A Business Center
The lodging society’s extensive business opportunities have piqued the interest of investors. You may buy stores in the commercial district and rent them out without dealing with the difficulties that money brings. Residents who are interested in investing will not have to travel far to find chances. They could invest in areas close to their homes that suit their needs.
The Ideal Social Situation
Thanks to the magnificence of the community center at Al-Haram City Rawalpindi, you will have an optimal social life. The new style of the community center is pleasant to the eye because of its cutting-edge, eco-friendly design. The building contains a range of amenities, including gyms, pools, theatres, and libraries. Even yet, it all has two qualities: it’s spectacular, and it’s there to serve the community’s many individuals.
A Secure Community
The lodging society would be surrounded by a boundary wall with a foolproof mechanism. The society, along with Ruden Enclave, Taj Residencia, and Blue World City, has three gates, making it one of Rawalpindi’s most accessible and secure lodging societies.
Reservoirs of Water
The developers constructed a water reservoir that will store a large amount of water for inhabitants to use in their daily activities. The lodging society will also include filter plants to ensure that inhabitants have access to safe drinking water.
Look no further if you’re seeking a direct investment that isn’t dependent on where you live. Society is a fantastic location to earn money passively. Passive income, such as rent, can be obtained once a real estate property has been purchased. Investors buy a built home or develop open land, then rent it out to provide a steady income stream throughout the year.
Advantages & Disadvantages
Advantages
Rate of Affordability
The society is included in the list of low-cost lodging societies. The payment arrangements are possible solely to assist low-income residents. Real estate investing, when done right, will never lose value. Every year, the value of real estate boom, and the value of the plot you may have purchased at a reasonable price at the time will increase as well.
Ambiance: Natural and Calm
In today’s megacities, noise and pollution are abundant. Every person wishes to live in a peaceful environment close to nature. This magnificent housing society will make it easy for you to live a healthy lifestyle in a relaxed, natural setting.
Drainage Systems That Are Well-Designed
Sustainable and cost-effective drainage and wastewater design are crucial for long-term agricultural and infrastructure development. The Al-Haram has recommended a well-thought-out strategy to assist overall community health while also keeping homes habitable and dry.
Disadvantages
Distance Perception
The lodge society is thought to be in a remote place. However, this is purely subjective. We have clients who choose Al-Haram Metropolis mainly because they needed a place to stay away from the fuss of the city.
Conclusion
Al-Haram is a prestigious housing society that provides an unrivaled standard of living. This housing society is a low-cost initiative to assist middle-class families in building their own homes near the Federal Capital.
As a result, Estate Land & Marketing strongly advises that this is a once-in-a-lifetime opportunity to invest in this civilization. To learn more about similar amenities being supplied at low pricing, read about Blue World City, Park View City, Lahore Smart City, Nova City, Mumtaz City, and Capital Smart City.
FAQs
1- What is Rawalpindi’s Al-Haram City?
In Rawalpindi, Pakistan, Al-Haram is a luxurious and well-known housing development.
2- Who is the developer of Rawalpindi’s Al-Haram City?
The developer of Al-Haram City Rawalpindi is Al-Haram Developers.
3- Is it a licensed housing cooperative?
Yes, RDA has approved it.
4- What is its location?
Chakri Road is a suitable location for Al-Haram.
5- Is it a high-cost or low-cost housing society?
A low-cost housing complex.
6- What amenities does Al-Haram City Rawalpindi have to offer?
This housing society will provide everything necessary and modern amenities at an affordable rate.
7- How do I reserve a plot?
For reservations and further information, please get in touch with Sigma Properties.
8- In this lodging society, what plot sizes are available?
Plots of 3,5,7 Marlas, 10 Marla, and 1 Kanal are available in the residential sector, while plots of 6 and 7 Marla are available in the commercial sector.
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Although earnest money isn’t the most well-known aspect of a house purchase, it is undoubtedly crucial. The aptly called “good faith” payment is a reminder that the real estate market is not immune to mistakes or malice. More significantly, it establishes a relative system of checks and balances to ensure that buyers and sellers keep their promises. A good faith deposit, however small, has significant ramifications, which prompts the question: What is earnest money? Better still, how can homebuyers protect their financial interests by navigating their earnest money deposits?
Earnest Money
Earnest money is a deposit provided on behalf of potential homebuyers to demonstrate their commitment to completing the transaction. A good faith deposit, often known as earnest money, is a type of security deposit, is a safeguard placed in place to protect sellers when each party in a real estate transaction signs a purchase agreement. If nothing else, the seller requires proof that the buyer will complete the transaction. The buyer will pay an earnest money deposit, generally between 1% and 3% of the sale price, in exchange for removing the house from the market (and risking a financial loss). The vendor will return the money to the buyer once the transaction is completed. If the transaction fails, the seller is entitled to the money if the previously agreed-upon criteria are met.
The Workings of Earnest Money
When a potential homebuyer signs a purchase agreement, the cash is usually delivered to the seller. When the seller pulls the home off the market and assumes financial risk at that point, it’s only fair that the homebuyer puts some “skin in the game.” However, there’s no reason why potential purchasers couldn’t include the monies in their first offer. In today’s competitive market, including cash with a request can go a long way toward beating competitors. Those considering incorporating a reasonable faith payment with their offer to make it look more appealing should put up enough money to appear serious, but not so much that they risk putting their cash in danger.
An earnest money deposit accompanied by an offer demonstrates seriousness, but it may also be premature. At a minimum, the seller will want to be a part of the discussions that define the terms of the reasonable faith payment. As a result, words are generally discussed at the time of signing the purchase contract. The assignments will detail how much of a practical faith payment will be held in escrow and how it will be released under what conditions. Contingencies will include the contract that allows the homebuyer to receive their money back if they do not purchase the home. A homebuyers deposit, for example, may be refunded if the house fails inspection.
When the seller receives the earned money, it is deposited into an escrow account and held there until the criteria for unlocking it are met. Because the purchase agreement is conditional on various factors, the homebuyer is not obligated to complete the transaction. Despite this, the contract requires the seller to remove the property from the market while being appraised and inspected. The earned money acts as a safety net if the owner loses out on subsequent offers during that time.
If a homebuyer backs out of a deal, the seller will almost certainly be permitted to keep the money. Extenuating conditions may allow the home buyer to regain their deposit, but the terms of each contract are different. If the homebuyer can complete the sale, the funds can cover the down payment and closing charges.
What Is an Appropriate Earnest Money Amount?
Shouldn’t set an earnest money deposit sum. Instead, the quantity of cash a prospective homebuyer should provide is proportional to the real estate market situation. Sellers who take their houses off the market when a purchase agreement is signed face less risk in a quiet market with little competition. As a result, the earned money will not need to be a hefty sum. In a competitive market, on the other hand, the seller would miss out on numerous bids if they took off their house in the market. As a result, increasing the deposit in active markets is only reasonable. While most earned money deposits will be in the range of 1% to 3% of the sale price, in more competitive markets, the amount may rise.
Is Earnest Money Refundable?
When agreed-upon circumstances are met, may repay earnest money to the home buyer. With that in mind, here’s a rundown of the most typical grounds for a refund of earnest money:
Home Inspection Contingency
If contract including a home inspection contingency and the subject property fails the inspection, the deal will be voided. the homebuyer may receive a cash refund. The house inspection contingency may result in a refund of the earnest money if the examination is to blame for the home buyer’s decision to back out of the transaction for whatever reason.
Appraisal Contingency
An appraisal contingency protects homebuyer’s against overpriced homes. As a result, if an appraisal comes in significantly lower than the sales price, the buyer may cancel the transaction and receive their earned money in full.
Financing Contingency
If a buyer cannot obtain finance, a financing contingency may allow them to receive their earned money deposit back if they cancel the transaction.
Existing Home Contingency
The sale of an existing home triggers some contingencies. This contingency stipulates that if a buyer’s present home does not sell, they may back out of the agreement, depriving them of the finances needed to make a later acquisition. In that case, home buyer may be entitled to a refund of their earnest money.
Is it possible for a seller to keep the earnest money?
If any of the purchase agreement provisions are broken, the seller may keep the earnest money. The purchase agreement, on the other hand, will specify the terms of the earned money deposit. The prospective buyer is obligated by the terms agreed upon by both parties due to the signed agreement. As a result, if the buyer violates any agreed-upon duration, the seller is entitled to the deposit. If a buyer backs out of a deal for no apparent reason, the seller can keep the earnest money owed to them (as long as the terms say as much).
What Can You Do to Keep Your Earnest Money Safe?
Following the conditions of a purchase agreement is more important than anything else when protecting earnest money. The agreement’s terms will serve as the foundation for protection. With that in mind, the best approach to secure your money is to draft an impenetrable contract that gives customers the best chance of getting their money back in the event of unforeseen events. Contracts aren’t going to write themselves, so buyers must be aware of what should be included. Some things buyers can do to safeguard their earned money deposits:
Set aside the funds in an escrow account. It should include contingencies in the acquisition agreement. Observe the provisions of the purchasing contract. Make sure everything is written down.
1. Make use of an escrow account.
It should include a complete statement of where earned money will hold in every purchase agreement. While most earnest money deposits are placed in an escrow account, they can also control them with a title business or legal firm. Regardless, any good faith funds must pass via an account overseen by an independent third party. Because the real estate industry isn’t immune to fraud, enlisting the assistance of a third-party account will go a away to ensure the safety of both parties’ funds. It should include a complete statement that will hold earned money.
The buyer will pay using a certified check, wire transfer, or personal check in most cases. Regardless of the method, the money should be made to the third-party account, allowing them to disburse the funds according to the purchase agreement’s terms.
2. Recognize and Manage Your Risks
The purchase agreement is where the protection of earnest money begins and ends. Understanding the agreed-upon terms, however, isn’t enough. Buyers must bargain for the times they want in the purchase agreement. Of course, knowing what may include contingencies in a purchase agreement is the first step. As a result, buyers should investigate all of the contingencies that will offer them the best chance of getting their money back and do everything possible to include them in the contract.
Buyers must not only add contingencies but also comprehend what they entail. Only by thoroughly understanding what each contingency entails will a homebuyer be able to secure their deposit. A buyer won’t bend the odds in their favor until they know how to meet their obligations.
3. Make Sure You Don’t Miss Any Deadlines
Following deadlines is an essential component of safeguarding an earned money deposit. The only buyers who have a chance of getting their money back are those that do what they say within the allowed time frame and adhere to the conditions of the purchase agreement. Work within the contract’s terms and don’t miss deadlines if you ever want to see your earned money again.
4. Put everything down on paper
It all boils down to the acquisition agreement once more. The purchase agreement is a document between the buyer and the seller that specifies how it will handle the earned money. As a result, everything that the buyers and sellers agree on regarding the reasonable faith payment must be contained in the purchase agreement. Anything left out of the contract is meaningless, so don’t just “shake on it” or accept anyone’s word for it.
Summary
What is earned money, if not a guarantee on behalf of homebuyers that they will see a home purchase through to completion? Of fact, the earnest money is effectively a down payment that reveals a buyer’s intentions in its most basic form. On the other side, an earned money deposit is a contract between two parties that fosters honest transactions. Earnest money can aid homebuyers in a competitive market while also giving sellers the peace of mind they need to accept an offer if the terms are followed.
Are you ready to start taking advantage of the present real estate market opportunities?
You may have a lot of money, extensive real estate network, and excellent building abilities, but you still don’t know how to identify reasonable offers. Our new online real estate course, taught by veteran investor Than Merrill, can teach you how to determine the best homes and achieve real estate success.
Islamabad, the poster of a country child for being clean and green, is swiftly reaching a paradox due to its seemingly endless expansion, the unending influx of refugees, population growth, and rise in concrete structures.
Experts anticipate that by 2030, the capital would be renowned as a concrete city rather than a green one. But, of course, there is nothing invalid with being known as a substantial city, as many other international capitals are; Islamabad is already feeling the effects of population increase in water shortages, security concerns, rising unemployment, and inflated housing costs.
Instead of enlarging the boundaries of Islamabad to accommodate housing societies, urban planner Naveed Iftikhar believes that it should house the burgeoning population in high-rise buildings. Providing electricity, water, gas, and roads to new sectors near Wah Cantt, Taxila, Bara Kahu, Rawat, and Peshawar Road will cost billions of rupees. In contrast, multi-story buildings in developed sectors will reduce costs and provide housing and other amenities to citizens in one place; Iftikhar told this.
While apartment living is widespread in the federal capital, there has been evidence of a preference for living in houses. As a result of this inclination for higher property rates, demand for relocating to housing societies outside of the city center is an all-time high.
With this demand in mind, officials from the Capital Development Authority (CDA) said that every modern country and city faces these problems. Still, that work is in full swing on new sectors by expanding the town and developing existing ones to provide new public parks, schools, colleges, and medical facilities to the growing population.
Demand and supply development is unavoidable due to fundamental economics. But, according to Waleed Ismail, an urban designer based in Islamabad, this move has massive ramifications. First, there is a climatic influence since the average temperature of the city has increased due to the more significant usage of hard pavement (asphalt) surfaces, he explained.
Ismail, echoing Iftikhar, stated that we must stop the development of Islamabad or sprawl since we are losing cultivable land to build housing societies. Moreover, Islamabad is a landlocked place with few water sources and depleting groundwater. If we keep extending the border and creating housing societies, water shortage is inevitable, Ismail added, referring to the rise of water tankers in the new sectors of Islamabad.
Public transportation is required
Both Iftikhar and Ismail agree that the proposal of CDA for new roadways prioritizes private-car owners above the general public, effectively making Islamabad a private-car-only city.
Ismail told the EL news to spend too much money on highways to connect private car users to metropolitan centers as a country. Even while no one is to blame for the development pattern of Islamabad, the urban planner says it would be preferable to look at what has worked in other developing countries like Mexico, India, and Bangladesh. Transit-oriented development is what these countries are relying on for their survival.
The transit-oriented development plan focuses on constructing housing and commercial alternatives near public mass-transit networks and initiating transit nodes from densely populated regions to connect people to service areas, markets, hospitals, and parks. Ismail believes that by doing so, he will be able to combat the growing asphalt surfaces of the city while still preserving Islamabad’s green places.
Ismail believes that the city’s management lacks skilled professionals who specialize in recognizing difficulties before they occur and offering long-term solutions to Islamabad’s growing population problem.
https://estateland.com.pk/wp-content/uploads/2021/07/The-image-of-the-capital-is-at-risk-as-a-result-of-urbanization.jpg7001600estatelandhttps://estateland.com.pk/wp-content/uploads/2021/06/logo-for-website-1.pngestateland2021-07-30 12:48:082021-07-30 12:48:08The image of the capital is at risk as a result of urbanization
According to the latest data from the State Bank of Pakistan, Pakistan’s exports to various nations climbed by 9.14% in the fiscal year 2021 compared to the previous year, while imports increased by more than 36%. Pakistan’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan, and the Maldives were $3.925 billion in Financial Year 2021, accounting for only 14.21% of total global exports of $25.304 billion. China leads the way Pakistani exports to its neighbors, with India and Bangladesh coming in second and third, respectively. In addition, Pakistan conducted cross-border trade with Nepal, Sri Lanka, Bhutan, Bangladesh, and the Maldives, all far away. On the other hand, imports from countries climbed by 35.78% to $13.827 billion in Fiscal Year 2021, up from $10.183 billion the year before. As a result of substantial imports, Pakistan’s trade deficit with the region worsened throughout the period under review.
China is Pakistan’s largest export market.
Pakistan exports to China grew in the years 2020-21. According to EL news, China exports 52.05% of the region’s exports, with the remaining eight countries accounting for the remainder. Pakistan’s exports to China climbed by 22.85% to $2.043 billion in FY20, up from $1.663 billion the previous year. Export revenues soared in the post-COVID period, particularly in rice exports. Imports from China climbed by 39% to $13.302 billion during the study period, up from $9.568 billion the year before. China accounts for 96.2% of all imports, with the remaining imports coming from eight other countries.
Afghanistan is a market for Pakistani goods.
In 2021, Pakistan exports to Afghanistan climbed by 10.47% to $983.295 million, up from $890.052 million in the previous year. Pakistan’s second-largest export destination, behind the United States, was Afghanistan until recently. However, due to more significant supplies of vital culinary products such as tomatoes, potatoes, onions, and dried fruit, Afghanistan’s imports jumped by 47% to $179.228 million from $121.832 million the previous year.
This year, exports to India decreased by 89% to $3.139 million, down from $28.644 million in FY20. India’s imports decreased by 50.8% to $183.785 million last year, down from $373.561 million the year before. The administration has halted trade with New Delhi. Since the introduction of the Covid-19 epidemic, the government has solely allowed the entry of pharmaceutical items from India.
Iran is a market for Pakistani Goods.
In FY21, Pakistan exports to Iran climbed by 181.8% to $0.155 million, up from $0.055 million the previous year. The majority of Balochistan’s trade with Tehran is through unauthorized channels in the border districts. There were no imports from Tehran during the period under review.
Bangladesh imports from Pakistan.
Exports to Bangladesh decreased 11.49% in FY21, to $615.212 million, from $695.102 million the previous year. On the other hand, Dhaka’s imports grew by 56.22% this year, to $76.134 million, up from $48.733 million the last year.
Sri Lanka imports Pakistani goods.
Similarly, exports to Sri Lanka dropped 6.50% to $270.320 million in FY21, compared to $289.120 million the previous year. On the other hand, Pakistan’s exports to Nepal dropped by 79% in FY21 to $4.551 million from $21.720 million the year before. On the other hand, Imports climbed by 211% this year to $1.244 million, up from $0.400 million the year early.
Pakistani Exports to the Maldives.
Exports to the Maldives dropped 28.6% to $6.052 million from $8.478 million the previous year. However, imports climbed by 384% this year to $0.092 million, up from $0.019 million the year before.
Bhutan imports Pakistani goods.
Pakistan exports $0.155 million to Bhutan in FY21, up from $0.094 million the previous year. In FY21, Bhutanese imports totaled $0.075 million, down from $0.097 million the year before.
https://estateland.com.pk/wp-content/uploads/2021/07/In-the-fiscal-year-2021-Pakistans-exports-to-various-countries-increased..jpg7001600estatelandhttps://estateland.com.pk/wp-content/uploads/2021/06/logo-for-website-1.pngestateland2021-07-30 12:45:022021-07-30 12:45:02In the fiscal year 2021, Pakistan exports to various countries increased
The Punjab Advocate General was served with a notice by the Lahore High Court on Thursday, demanding his assistance in defining the Ravi Urban Development Authority (RUDA). Justice Shahid Karim, hearing a case challenging the validity of the RUDA Act 2020, ruled that the authority’s property acquisition looked to lack any element of public welfare.
The petitioner, a private developer, was represented by Advocate Waqar A. Sheikh of the LHC, who argued that the impugned Act was irrational and violated the Local Government Act 2019 and Article 140-A of the Constitution. He further stated that the challenged law was incompatible with the Lahore Development Authority Act of 1975. According to the lawyer, the Ravi Urban Development Authority came into existence to take land from farmers and other landowners. He pointed out that the Ravi Urban Development Authority was established with bank loans to acquire land rather than monies intended for public use. The Ravi Urban Development Authority was established not for the river Ravi but rather as a competing government agency to favor developers affiliated to Pakistan’s ruling Tehreek-i-Insaf.
He said that the challenged Act’s principal goal was to grab land through the state for a few developers’ profit. He asked the court to declare Ruda’s establishment illegal and to nullify all of the company’s earlier notices. Justice Karim has given the AGP till the second week of September to respond to his notice. RUDA’s land acquisition for the Ravi Riverfront Urban Development Project had been delayed by the LHC un-resolve the completion of an environmental impact assessment. Several petitioners had raised concerns about Ravi Urban Development Authority’s approach and mode of land acquisition for the project.
They made the hearing for the land acquisition objection on March 2 but cancelled it due to a law and order crisis on that day. They alleged that RUDA’s land acquisition collector granted 18 awards on the same day totaling billions of rupees notwithstanding these circumstances. The legitimacy of the Land Purchase Act of 1894, which allowed for the forcible purchase of land for commercial purposes. The petitioners also questioned it.
https://estateland.com.pk/wp-content/uploads/2021/07/LHC-asks-AGP-for-assistance-in-determining-Ravi-Urban-Development-Authority.jpg7001600estatelandhttps://estateland.com.pk/wp-content/uploads/2021/06/logo-for-website-1.pngestateland2021-07-30 12:14:572021-07-30 12:27:04LHC asks AGP for assistance in determining Ravi Urban Development Authority
The Punjab Planning and Development Board has handed the Rawalpindi Development Authority (RDA) PC-I of the Rawalpindi Ring Road project, with the mandate to first decide on the roads construction mode. According to EL news. Following allegations of corruption, the province government rerouted the road and decided to construct it under the Public Sector Development Program (PSDP) rather than the planned Public-Private Partnership (PPP). The Planning and Development Board opposed the PC-I, claiming that building should come first because the provincial government will pay the PSDP money. Under the PPP model, the government and private sector will split project costs. According to a top administration source, the Punjab Chief Minister PPP Authority already approved the project.
He stated that he would hand over the project to the Lahore Ring Road Authority to complete. The provincial government, on the other hand, decided against it. However, they suspended the project after Prime Minister Imran Khan learned of alleged changes to the Rawalpindi Ring Road project’s layout. These changes not only increased the project’s cost by PKR 25 billion, but they also helped several private housing societies. Meanwhile, the Anti-Corruption Establishment has opened an investigation into allegations of corruption and arrested former commissioner Capt. Mohammad Mahmoud. Some government officials benefited from the scheme, including Special Assistant to Prime Minister Zulfikar Bukhari. Zulfikar Bukhari resigned as a result of the conflict. The project’s new concept restored the 38-kilometre road alignment from Rawat to Thalian in June.
According to a previous plan, the 66.3-kilometre Ring Road would go from Rewat Radio Pakistan to Thalian, then from Thalian to Sangjani. The Punjab government was obliged to acquire 2,275 acres of land, with 1385.7 acres at PKR 5 billion being the most expensive. However, the official claimed that the government had yet to decide what would happen to the PKR 2.5 billion spent on land acquisition. He said that the government had not presented a clear policy on the 246.7 kanal of land that nine housing societies had given to the Punjab government free of charge after being ordered to make way for the Ring Road.
The government intended to start the project on a new alignment, according to a local administration official. The previous PML-N government worked on the Ring Road alignment from Chani Sher Alam near Rawat to Thalian. He said that the Chinese bank Asian Infrastructure Investment Bank was willing to finance the Punjab government $400 million to build the road. However, he did remark that after extending the Ring Road alignment from Thalian to Sangjani, the PTI administration decided to make the road a public-private partnership (PPP) and created economic zones around the Ring Road to generate revenue.
https://estateland.com.pk/wp-content/uploads/2021/07/The-PD-Board-is-opposing-PC-I-of-the-Ring-Road-project.jpg6651520estatelandhttps://estateland.com.pk/wp-content/uploads/2021/06/logo-for-website-1.pngestateland2021-07-30 11:03:352021-07-30 12:19:27The P&D Board is opposing PC-I of the Ring Road project
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