Mall of Islamabad

Mall of Islamabad

Mall of Islamabad

Introduction

The Mall of Islamabad is a CDA-approved 20-story, 910,000-square-foot, 500-foot-high luxury mixed-use multi-purpose mall opened in 2015. In 2014, work on the project began. The property, which was developed by Asia’s largest real estate developer Bahria Town Pvt. Ltd and built by DISCON Construction is almost finished. The mall is situated in a prime location on Jinnah Avenue, between the Islamabad Stock Exchange and the Pak-Saudi Tower. After completion, the tower will be among the top ten tallest structures of Pakistan.

There are four portions to the Mall. The first section is dedicated to commercial and retail space. In contrast, the second section is dedicated to the Food Court, which includes restaurants and cafes, and the third section is dedicated to corporate offices. The fourth section is dedicated to residential apartments with scenic views of the Margalla Hills and Islamabad’s lush greenery.

Owners and Developers

Bahria Town company itself is the developer of Bahria Town housing societies, and it is presently the proud developer of the Mall of Islamabad. The projects are developed under their engineers’ supervision and skills. The “Park Lane Tower” is another name for the mall.

Malik Riaz is the Chairman of Bahria Town, and Ahmed Ali Riaz Malik, Malik Riaz’s son, is the Chief Executive (CE). One of the company’s most prestigious projects is the Islamabad Mall.

Location of Islamabad Mall 

The Mall of Islamabad is located in a prime location on the main Jinnah Avenue blue area, between the Islamabad Stock Exchange and the Pak-Saudi Tower.

Jinnah Avenue, in the Blue Area, is regarded to be a business district. All of Islamabad’s major commercial activity hubs, as well as the Mall of Islamabad’s location, make it an ideal mall for premium access to all of the city’s sumptuous commercial, corporate, and residential experiences.

Payment Plan

Payment plan of Mall of Islamabad is as follows:

Payment Plan of Ground Floor

Unit no.. Area Sft Rate per Sft Bifurcated Value 10 Additional Charges Total Value 14% Down Payment
S-001 2465 120,000 295,800,000 29,580,000 325,380,000 45,553,200
S-002 1000 120,000 120,000,000 120,000,000 16,800,000
S-003 1000 120,000 120,000,000 120,000,000 16,800,000
S-004 2100 120,000 252,000,000 25,200,000 277,200,000 38,808,000
S-005 1100 120,000 132,000,000 132,000,000 18,480,000

Payment Plan of 1st Floor

Unit no. Area Sft Rate per Sft Bifurcated Value 10 Additional Charges Total Value 14% Down Payment
S-001 2465 100,000 256,500,000 25,650,000 282,150,000 39,501,000
S-002 1100 100,000 110,000,000 110,000,000 15,400,000
S-003 1100 100,000 110,000,000 110,000,000 15,400,000
S-004 1200 100,000 120,000,000 120,000,000 16,800,000
S-005 2500 100,000 250,000,000 250,000,000 35,000,000
S-006 900 100,000 90,000,000 90,000,000 12,600,000

Payment Plan of 2nd Floor

Unit no. Area Sft Rate per Sft Bifurcated Value 10 Additional Charges Total Value 14% Down Payment
S-201 1500 135,000,000 90,000 135,000,000 18,900,000
S-202 1100 99,000,000 90,000 99,000,000 13,860,000
S-203 1100 99,000,000 90,000 99,000,000 13,860,000
S-204 1100 99,000,000 90,000 99,000,000 13,860,000
S-205

S-206

1200

3200

108,000,000

288,000,000

90,000

90,000

108,000,000

288,000,000

15,120,000

40,320,000s

S-207 1700 153,000,000 90,000 153,000,000 21,420,000
S-208 1200 108,000,000 90,000 108,000,000 15,120,000
S-209 800 72,000,000 90,000 72,000,000 10,080,000

 

Payment Plan of 3rd Floor

Unit no. Area Sft Rate per Sft Bifurcated Value 10 Additional Charges Total Value 14% Down Payment
S-301 2100 80,000 168,000,000 16,800,000 184,800,000 25,870,000
S-302 1100 80,000 88,000,000 88,000,000 12,320,000
S-303 1100 80,000 88,000,000 88,000,000 12,320,000
S-304 1100 80,000 88,000,000 88,000,000 12,320,000
S-305 3000 80,000 240,000,000 240,000,000 33,600,000
S-306 3800 80,000 304,000,000 304,000,000 42,560,000
S-307 1200 80,000 96,000,000 96,000,000 13,440,000
S-308 1000 80,000 80,000,000 80,000,000 11,200,000

Payment Plan of Office Floor

Payment Plan of 6th Floor

Unit no. Covered Area Cir. Area Cov Area Rate Cir Area Rate Cov Area Rate Cir Area Rate Total Amount Down Payment Balance Amount 12 Installments Per %
S-604 1141 327 45,000 22,500 51,345,000 7,357,500 58,702,500 23,481,000 35,221,500 2,935,125 40
S-605 1141 327 45,000 22,500 51,345,000 7,357,500 58,702,500 23,481,000 35,221,500 2,935,125 40
S-605-A 848 243 45,000 22,500 38,160,000 5,467,500 43,627,500 17,451,000 26,176,500 2,181,375 40
S-606 1435 395 45,000 22,500 64,575,000 8,887,500 73,462,500 29,385,000 44,077,500 3,673,125 40

Payment Plan of 10th Floor 

Unit no. Covered Area Cir. Area Cov Area Rate Cir Area Rate Cov Area Rate Cir Area Rate Total Amount Down Payment Balance Amount 12 Installments

 

Per %
0-1003 1082 310 45,000 22,500 48,690,000 6,975,000 55,665,000 22,266,000 33,399,000 2,783,250  
0-1003-A 935 268 45,000 22,500 42,075,000 6,030,000 48,105,000 19,242,000 28,863,000 2,405,250  

 

Specifications of the Islamabad Mall

The main infrastructure specifications are as follows:

Main Infra Structure

The primary infrastructure has been reinforced. Reinforced-piled strong foundations support a concrete frame.

Finishing of Building

  • Glazing and factory-finished white pre-cast concrete in a modern high-tech structure.
  • Double-glazed windows made of aluminum.
  • Apartments on the top floor have a curtain-wall glazing system.
  •  A concrete floor constructed to the most recent acoustic requirements.
  • The top-floor units have a glazed sloping roof.
  • Automated glazed sliding entrance doors in the ground floor entry hall.
  • Stainless-steel inlay strips in terrazzo stone flooring.
  • Colonnades that go all the way up to the ceiling.
  • Walls and ceilings are coated in European oak, and there is a concierge area.
  • Exclusively commissioned framed customized artwork for two fifty-one stainless-steel finish lift doors.
  • All unit floors have elevator access.
  • Within the lift lobby, there are secure mailboxes for each apartment.
  • Wool-mix Communal Corridors Carpets.
  • The opposite side of the lifts has a feature wall made of European oak with unique floor-level indications.
  • Living/Kitchen/Dining Area: Two-Fifty-One details on a bespoke-designed contemporary German-engineered kitchen.
  • A wide range of modular wall and base units are available, some of which have hidden drawers.
  • Recessed aluminum slot-handle inserts, soft-close drawers, and door hinges are standard on all kitchen units.
  • Contrasting carcasses, white high-gloss wall units, matt grey base units, and white high-gloss wall units.
  • Full-height splash backs that complement the stonework surfaces.
  • LED lights are hidden in the undersides of wall units.
  • The sink is made of stainless steel and has a chrome finish.
  • Siemens appliances that are integrated: Ceramic touch-control hob with four burners, extractor fan, electric multi-function oven, dishwasher, and refrigerator.
  • Microwave ovens with separate built-ins for 2 and 3 bedroom apartments. Combination microwave ovens are available in studio and one-bedroom flats.
  • In a separate utility cupboard, there is a combined washing machine and dryer.
  • Kitchen or corridor storage cupboards that discreetly house heating system components, washer/dryer, and additional storage space.
  • The concierge offered parcel storage services.

 Bedrooms

  • Bedrooms with wool-mix carpeting.
  • Above the winter gardens, fitted wardrobes with timber veneer-finish doors and a handmade contrasting solid wooded-hand shelf.
  • The bulk of the flats come with fully enclosed glass winter gardens.

 

Joinery

Each unit has a sizeable sloid-core entrance door with a side panel.

· Internal doors: solid-core doors that are tall and of good quality.

· Hallways, kitchen, and living areas have engineered oak flooring placed in a herringbone pattern.

 

Ironmergy 

· High-quality brushed stainless steel fittings.

 

Decoration

· Internal walls and ceiling coated with emulsion.

· Throughout, eggshell-painted striking and architraves.

· Heating Hot water and ventilation: Each room and living space has its own thermostatically controlled underfloor heating system.

· From the development’s central plant, an individually metered system delivers heating and hot water.

· Mechanical fresh air ventilation for the entire house.

 

Electrical 

· LED down lighters that are both energy-efficient and cost-effective are used throughout.

· All units have dimmable lighting in the living rooms.

· Lamps in living spaces should be linked to 5-amp wall outlets.

· Floor-to-Ceiling Heights: 2450mm floor-to-ceiling height in main living areas/bedrooms.

 

Management & Security

· The concierge handles guest check-in.

· Door entry phone that is hard-wired

· Residents only have access to the lifts with a card.

 

Each home’s front door has a multi-locking system, and CCTV monitors the entire development’s entrance doors and ground-floor spaces.

Each household has its own interconnected central supply smoke/heat detection system with battery backup.

 

Elevators

· There are four elevators in all, two of which are reserved for floors 19 and higher.

· A bicycle lift that gives you access to the basement’s bike racks.

 

Garden on the Outside

· Lighting and sealing are included in the ground-level zones set out and finished with a blend of architect-designed hard and soft landscaping.

 

Lifestyle Amenities

· Reception and security are staffed 24 hours a day, seven days a week.

· Services provided by a concierge.

· Residents’ gymnasium at the Cinema Club’s ‘Get Connected’ Lounge.

· Space for having fun.

· Restaurant with a modern feel.

· On the ground floor of an adjacent business building, there is a café-bar.

 

Features

· 999-year lease with a 10-year new home warranty.

· Within a protected basement, there is a dedicated bicycle bay.

· Sustainable Home-compliant.

· Floors in the bathrooms are made of Italian marble.

· The finish is satin. All walls are covered in ceramic wall tiles set in a brick bond.

· Above the vanity top, there is a stone mosaic feature tiling.

· Vanity top made of stone.

· Integral shelving, lights, and a shaver outlet are included in this part-mirrored vanity wall cabinet.

· Duravit WC with soft-close seat and dual-flush capability that hangs on the wall.

· Semi-recessed Duravit washbasin with chrome finish.

· Showers are equipped with a high-quality glass shower screen.

 

Facilities & Amenities

· The Mall of Islamabad offers a wide range of modern amenities and services at affordable prices. The amenities are part of this affluent neighborhood, which may be described as a full-fledged residential development. The following are the amenities available in the Islamabad Mall:

· Luxurious: The Mall will offer environmentally sustainable, close-to-nature living with all of today’s conveniences. The Mall will offer a one-of-a-kind experience not found in any other mall in Pakistan.

 

Water Resources 

· The mall has considered the residents’ water requirements. Water reservoirs will be built for this purpose, storing a vast volume of water that residents will use for everyday chores. Filter plants will also be a feature of society to ensure that citizens have access to clean drinking water.

· Business and Commercial Hub: The developers have considered all of the residents’ demands, including economic and commercial ones. As a result, the Mall will offer an all-in-one business space. 

· A sense of security is essential in both a residential and commercial environment. A gated community ensures security. People are protected by a security system that includes properly installed CCTV cameras and other operational surveillance equipment 24 hours a day, seven days a week.

 

Infrastructure of High Quality 

The infrastructure is developed with a high level of professionalism and equipment to ensure that the development is flawless.

The following are the Mall of Islamabad’s most notable and essential features:

· Affordability

· Resources of Water

· Club House Retail Area is secure 24 hours a day, 7 days a week.

· Maintenance

· Quality Improvement at the Boundary Wall

· Water, gas, and electricity are all sources of energy.

· Electrification that is hidden

· Infrastructure development of international standing

· This sports complex has both indoor and outdoor sports facilities.

· Purchase/Sale of Plots: Guidelines to Follow:

· The guidelines to follow are as follows:

 

Document Verification

· To avoid any misunderstandings or misunderstanding, please double-check all documentation to your satisfaction. Before buying or selling a property, make sure to ask about the developers’ NOC and approval documents, which the authorities have officially approved. As a result, your documentation will be valid in every way that could lead to client pleasure.

· Financial Security: Before finalizing any property sale or buy, be sure your funds align with your purchasing strategy. Your purchase or sell will go through without a hitch in this manner.

 

Property Inspections

· Before making any purchases, inspect the property to check that the written documents follow the plot parameters.

· Booking Documentation Requirement:

· To purchase property at the Mall of Islamabad, you’ll need the following documents:

1. 2 passport-sized photos.

2. Your National Identity Card in two copies.

3. 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 has a high rate of return on investment. Keep in mind, however, that it will only be profitable if done correctly. Investing in the real estate market can provide a variety of advantages. Following are a few of the most significant benefits:

 

1. Financial Security: If a person has some extra money or an asset and wants to keep the value of that asset high, real estate is the sector to invest in if he wants to keep the value of that asset high and not depreciate.

 

2. Stable Income: With real estate investment, a person can immediately 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.

 

3. Manageable: An investment isn’t like a live organism that needs to be 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.

 

4. Passive Income: After purchasing a real estate property, passive income such as rent can be earned. Investors purchase a constructed property or develop open land, then rent it out, assuring a consistent source of revenue throughout the year.

 

5. Non-depreciable Asset: When done correctly, real estate investing is a type of business that will never lose value. Every year, the value of real estate rises. If a significant government or private project is undertaken in the area, the property’s value could skyrocket.

 

Pros and Cons:

Following are the advantages and disadvantages

· Water is available at all times.

· High apartment rates are perceived to be expensive.

· Electricity is available around the clock.

· Gas is available around the clock.

· Schools

· Colleges

· Recreational Areas/Theme Parks

· Markets/Malls/Groceries/Shopping Centers

· Environment that is peaceful, healthy, and safe

· Security gates, surveillance systems, and CCTV are all part of this gated neighborhood. 

· It’s close to the city’s center and other societies.

· The carpeted main boulevard, highways, streets, lanes, and walkways for pedestrians are all large and well-planned.

· Drainage and garbage disposal systems that are well-planned

· Housing society that is green, inventive, and long-term

· System of protection

· The mechanism for the disposal of solid waste

 

Questions and Answers (FAQs)

The following are some of the most frequently asked questions (FAQs) about the Islamabad Mall:

 

Q1: What exactly is the Islamabad Mall, and how does it differ from other housing societies?

Ans. The Mall of Islamabad is a CDA-approved 20-story, 910,000-square-foot, 500-foot-high luxury mixed-use multi-purpose mall opening in 2015.

 

Q2: Is it a legitimate and licensed housing society?

Ans. The CDA has approved the Mall of Islamabad’s NOC.

 

Q3: Is it an inexpensive investment property?

Ans. Yes, because of the variable plot costs, this property is unquestionably safe as an investment.

 

Q5: Where is the Mall of Islamabad located?

Ans. The Mall is situated in a prime location on Jinnah Avenue, between the Islamabad Stock Exchange and the Pak-Saudi Tower.

 

Q6: Who are the architects of the Islamabad Mall?

Ans. The Mall of Islamabad is a project of Bahria Town Pvt. DASCON Construction built Ltd, Asia’s largest real estate developer, and.

 

Conclusion: The Mall of Islamabad is a CDA-approved property developed with one goal in mind to give people a worldwide recognized living and corporate experience. The key attractions of this Mall are its luxurious facilities and convenient location.

 

As a result, Estate Land strongly suggests that this is a once-in-a-lifetime opportunity to invest in this property. If you want to learn more about reasonable societies, go here,Blue World City, Park View City, Nova City, and Capital Smart City. They all offer similar pleasures at reasonable pricing.

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