Launched in 2014, Faisal Town Islamabad is one of the most iconic housing societies in the region. With modern development and commercial opportunities, it has become one of the most popular housing societies in Islamabad.
Faisal Margalla City, also known as (FMC) is the latest venture of Margalla City (Pvt) Limited. Reportedly, Margalla City (Pvt) Ltd. is owned by a private party and Zedem International. Ch, Chaudhry Majeed is the owner of Zedem International. The land on which the society is planned is owned by the private entity comprising of the area in sector B-17 situated next to the MPCHS sector A, while Zedem International is responsible for the sales and development of this housing venture.
About the developer
Zedem Pvt Ltd. is a real estate developer and construction company situated in Islamabad. It has successfully delivered some of the most exceptional housing ventures in the vicinity of Islamabad and Rawalpindi, including the Multi-Professional Cooperative Housing Society (MPCHS) in the CDA sectors B-17, F-11 and E-1 in Islamabad.
Faisal margalla city
Faisal Margalla City and Faisal Residential are the latest projects by Zedem Pvt. Ltd. Surrounded by beautiful scenic views at the foot of the hills of Margalla resonating a sense of peace and secure environment resembling that of Park View City, another iconic housing society showcasing natural surroundings and lush green areas in Islamabad.
Faisal Margalla City is an iconic housing project in the region, providing a variety of housing and commercial options. The unmatched development, state of the art infrastructure, modern design, and luxurious amenities is what distinguishes this housing project from the rest in the area.
Faisal Margalla City presents a successful investment opportunity due to a variety of reasons, including the background of the developer, location, affordable prices, and quality of development.
Faisal margalla city location
FMC is nestled in between the MPCHS Sectors A, C, E, G and stretches up to the foot of Margalla hills from the whole north side. The housing scheme can be accessed via G.T. Road through Multi-Gardens as well as M-1 Motorway and the service road through MPCHS Block G through the proposed interchange from the motorway.
The project is equipped with all modern amenities, including a vast network of roads that connects this housing society with other parts of the region. This ideal location of Faisal Margalla is gaining a lot of attraction and investment.
The area is not yet densely populated like the other CDA sectors in Islamabad, but is equipped with all the necessary facilities needed to enjoy a comfortable and peaceful life.
Faisal Margalla City (FMC) was launched on 30th September 2018. Even though the initial launch date was set to be announced on 23rd September 2018, however, because of the long weekend following the 10th of Muharram, the launch was postponed to 30th September 2018.
Ch. Majeed, the owner of Zedem (Pvt.) Ltd. already owned the land for the project as the surrounding project MPCH was also their brainchild, later they decided to partner up with another party to establish Faisal Margalla Hills on the undeveloped land adjacent to B-17. The fact that the whole area is already the property of Zedem International there will be no issues regarding providing the possession of properties to their owners.
Faisal Margalla City Noc
Rawalpindi Development Authority (RDA) issued the first NOC/Permission to Faisal Margalla City (FMC) via letter No.RDA/MP&TE/F-PHS-TAX-07/145, dated 19-02-2019. After which the LOP was also acquired from RDA in June 2019.
- State of the Art development
- A wide network of roads
- 40 ft. To 110 ft. wide streets
- Green belts in all sectors
- Modern sewerage system
- Underground Electricity
- Secure Gated Community
- 24 Hours CCTV Cameras
- Developed Commercial Area
- Community Center
- A Food Court
- Health centers
- Jogging Tracks
- Lush green environment
- Safe community
- Friendly neighborhood
- Masjid in every block and a Jamia Mosque
- Children Play Area
Faisal margalla city project details
The society offers a variety of residential and commercial plots in its midst, including 5.5, 8, 10.8, 14.2, and 20 Marla plots.
Initially, there were speculations about if or when the installment payment plan was going to be offered. But after the launch, the first plan was launched on the website of Zedem International and made available for the general public. This step was taken for the feasibility of the investors as to if some people were not able to afford lump sum payment, they would at least have the option to pay the quarterly very affordable installments and purchase their property in the area.
A 4 Year installment payment plan that was officially offered by the administration of FMC is attached as under:
- I Kanal is equal to 500 sq.
- The cost of the plot is inclusive of development charges like roads, water supply, Sewerage and drainage system, entry gate, landscaping, security, Sui gas, and underground electricity.
- Physical possession of the plot will be given after the completion of development work and on the receipt of 100% payment along with all other charges/dues.
- Installments would be on a quarterly basis (three months)
- Registration fee is nonrefundable
- The payment plan payment attached above was only valid for the pre-development and pre-booking phase of the project.
Unfortunately, at the given time, the management has changed their policy and have announced not to extend the 4-year payment installment plan for the plots in the society. Faisal Margalla City offers 5.5, 8, 10.8, 14.2, and 20 Marla plots and prices of these plots are as follows:
|Plot Size||Prices in PKR||Lump-sum Payment||Possession|
However, there is still a possibility that the management will reinstall the payment plan for those of you who cannot afford to pay the lump-sum amount. So hang in there and stay hopeful!
How to book your plot in fmc
The application forms are available from the office of Faisal Margalla Hills and its websites. Application forms must be accompanied by the Bank Draft/ Pay Order in favor of “M/s Margalla City (Pvt.) Ltd.” for requisite payment of plot as given in the payment plan given above. You will need to provide a copy of your CNIC and one passport size picture along with the application form.
Why faisal margalla city is a profitable investment opportunity?
Let us discuss some of the reason why you should be investing in this housing project:
Reputation and history of developers
Faisal Margalla City is an extraordinarily profitable and fruitful investment opportunity due to the sound reputation and reliability of the developers, Zedem International has already shown commendable development in MPCHS.
Location of fmc
The second reason this housing project is considered one of the top emerging real estate projects is its excellent location at the foot of Margalla Hills. It lies adjacent to the B-17 sector and gets access from the M-1 motorway as well as the GT road, making the society accessible to all.
Flexible payment plan
The flexible payment plan was another feature that was successful in catching the eyes of the investors; however, this installment plan is discarded now, but the investors who already availed this opportunity timely are now enjoying the benefits. Not only the developers have delivered the project before its estimated time to the owners, but there has been no compromise on the pace or the high standards of development.
Facilities and high standard development
The housing project is one of the fastest-selling residential projects in the area and rightly so considering all aspects of the facilities and development provided in society. All of the development observed in the area and the population shift of residents from cities, it is predicted that not only the residential but also the commercial activity here will thrive. Due to these reasons, the investment here will be benefited directly, and people will be able to enjoy a comfortable and peaceful living in Faisal Margalla City.
One of the reasons the initially offered 4-year installment payment plan is discontinued by the management of this society is because the early possession of the plots has been made available. The ownership will be given within four to six months on the plots purchased on the lump-sum payment. The timeframe given by society is by 2020, which makes this housing society an ideal and timely place to invest.
Faisal margalla city islamabad balloting & possession
The management announced the balloting event of Faisal Margalla City on the 4th of August 2019 at the site of Faisal Margalla Hills in order to assign the plot numbers to the plot files via a fair computerized ballot. The society had already launched the master plan of FMC in its launch event prior this year. This event was organized to only give the owners their plot numbers on the map as well as the physical allocation of the plot.
The investors who owned the files of this housing venture attended the event and were granted the plot numbers and the physical location of their plot. Faisal Margalla City also recently got its layout master plan approved from RDA.
After the successful balloting event the management of the housing society announced the possession date for the plots on 23rd of September 2019.All the members were requested to clear all their dues and collect their NDC and start construction of their residential and commercial projects.
Investment in fmc
The investment in Fasial Project, on the whole, has been extremely fruitful, the developers’ commitment to their work, the fantastic location of the project, speedy development and highest standards amenities observed in the society are some of the main reasons the investors are so keen to invest in the project.
5 Marla residential plot available in this project is of the size 25X50 (139 Sq. Yds.), which technically makes this area to be 5.56 Marla. The updated price demanded the plot via Zedem International is only Rs. 3585000/- Which is a little higher than 5 Marla plot offered in Capital Smart City but a lot less than Park View City or Taj Residencia. You can compare the prices demanded in this project to ICHS Town, but the excellent location of this society makes this venture a better one.
The society is also offering a 21% discount on lump-sum payment, which in our opinion in very generous and makes the overall price of the plot much lower compared to many housing societies in the region, including University Town Islamabad.
After the development, the prices of these plots will increase significantly and will add value to the housing venture, so it is suggested to invest in this valuable housing project timely with this an easy installment.
It is, however, advisable that it should be considered as a long term investment as the scope of development in the region is immense, and there is plenty of room for development and improvement. The prices offered by the administration of this society are minimal and much less than the prices demanded in the other blocks and areas of MPCHS that surround the project.
If you are interested in purchasing your plot in Faisal Margalla City B-17, kindly contact Sky Marketing today. Not only we will help you in finding your dream property in your budget, but we also deal in a variety of other high-end housing projects ranging from the most affordable ones such as Blue World City and University Town to the most valuable Eighteen Islamabad and the CDA sectors.
If you have any questions about this or any other real estate project anywhere in Pakistan, you can talk to us in the comments section below.