Faisal Town Phase 2 buyers need clear refund answers. There is a 20% service charge after four missed payments. PKR 60K Open File fee stays non-refundable.
Project spans 80,000 Kanals at M2 Thalian. NOC processing with RDA continues. Full policy details are below.
Quick Facts
| Feature | Details |
| Project | Faisal Town Phase 2 |
| Owner | Chaudhry Abdul Majeed |
| NOC Status | Processing with RDA |
| Land Size | 80,000 Kanals owned |
| Open File Fee | PKR 60K non-refundable |
| Service Charge | 20% after 4 missed payments |
| Missed 3 Payments | Escalation charges |
| Cancellation | 90 to 95% pre-numbers |
Project Background
Faisal Town Phase 2 covers 80,000 Kanals at M2 Thalian Interchange. Chaudhry Abdul Majeed leads development with a perfect delivery record.
NOC application submitted to RDA. Phase 1 delivered 8 times returns successfully.
Cancellation Rules
The Open File policy has a validity period of 6 months from the date of booking. Previous owner agreement requires head office authentication. Owner clears all dues before refund. 3 missed installments activate escalation charges.
If 4 installments are missed, the company initiates automatic cancellation and deducts a 20% service charge from the paid amount.
Early Cancellation
Cancellation before plot allocation returns 90 to 95% typically. Admin fees remain minimal. PKR 60K processing fee is never refunded.
Submit the written request to head office. Clear pending dues first for fastest processing.
Refund Steps
- Submit a written cancellation request to Faisal Town head office.
- Clear pending installments and escalation charges.
- Head office verifies file or plot status completely.
- The company deducts a 20% service charge if 4 or more payments have been missed.
- Balance credits to the original payment account.
- Process finishes within 30 to 45 days.
Refund Amounts
The following table gives complete details:
| Payment Status | Refund Amount | Deductions | Processing Notes |
| Before 3 missed | 95 to 100% | Minor admin fee | Quickest turnaround |
| 3 missed payments | 90 to 95% | Escalation charges | Clear dues first |
| 4 missed payments | 80% | 20% service | Company handles cancellation |
| After plot numbers | 60 to 70% | Development costs | Higher deductions apply |
| After possession | 0% | None | Transfer complete |
Late Cancellation Rules
Cancellation after plot numbers carries higher deductions. Development charges already paid reduce refund significantly. 60 to 70% returns common.
Restoration is available with full escalation payment. No refunds exist after possession or transfer finalizes.
Tips to Avoid Refund Troubles
- Cancel before 3 installments for maximum recovery.
- Consider selling file during high demand instead.
- Understand escalation charges before booking.
- Head office verifies every request thoroughly.
- Check payment status regularly with Sky Marketing.
Final Verdict
Faisal Town Phase 2 maintains a clear refund process across 80,000 Kanals development. 20% service charge applies after 4 missed payments consistently. PKR 60K fee protects processing costs permanently.
Early cancellation before 3 payments recovers most funds. Sky Marketing handles verification smoothly for files and plots alike.
Contact Sky Marketing or head office directly for your specific file status today.
Frequently Asked Questions (FAQs)
Q1. What is the Faisal Town Phase 2 refund rule?
20% service charge is deducted after 4 missed payments.
Q2. What is the open file fee refund status?
PKR 20K stays completely non-refundable.
Q3. What is the Best time for cancellation?
It is before 3 installments, with 95% recovery.
Q4. What is the result of 3 missed payments?
Escalation charges apply; then a full refund is possible.
