Tamim Sahab
Different prices with different developers in civic center.
I bought a 2 bedroom in 6 story tower at 3rd floor @ 62 lacs on the installment but it was on the resale and I had to pay profit plus the prices was too high when I bought mine. Also the flats go by sq ft area. In the same floor two different bed rooms unit may cost differently as per the area.
We the expat’s buy outs are a bit different as we are on leave which is always short and when we are done with family jobs and commitments, there are just hours left for the investments and smart dealers know this very well. They know we have to come again to make deal and it will cost us tickets, gifts, another leave so on and so forth…..They are right in thinking so!
My friend bought a 2 bed at a different, on 2nd floor, tower but there is only one flat on each level and plot is 4 Marla. He made a deal at 52 lacs and on monthly installment @ Rs. 2, 50,000 per month.
Different packages are there to choose from but the reason I put posting, is that now these apartments are way down in prices.
The one I bought at 62 lacs on installments is now available, may be around 50 lacs but I do not bother as my intention is only the monthly rent not making profit but surely rent are going up slowly but not decreasing at all. The stamp paper agreement says that on the last date of June-15, if not handed over, market rent will be paid by the developer.
My dealer told me that most of the buyers are the ones who come from other cities to do jobs in Islamabad and live in their own flats and keep them locked when not residing. I think security, no load shedding and an esthetic living in BT seem to be the main factors for such people.
One more thing:
There are extra escape routs in case of fire (apart from lift and main staircases) in bigger towers but in small tower, only Lift/Staircase but no 3rd extra escape exit is available. This is important to think before any deal is made.
