According to Imtiaz, Al Mairaj Garden is located in the jurisdiction of Rawalpindi Development Authority (RDA) and the developers have applied for an NOC with the authority.<\/p>\n
Imtiaz further explained that while Al Mairaj Garden will spread over 20,000 kanals of land, the developers have already acquired 14,000 kanals and this is the land being developed and the applied NOC is for this area.<\/p>\n
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Location and expectations<\/strong><\/p>\n Located not far from Chakri Interchange of Lahore-Islamabad Motorway, the location is rather remote but connected \u00a0to M2 Motorway and, it is expected, to Rawalpindi Ring Road as well.<\/p>\n In fact, Rawalpindi Ring Road might make it an amazingly wonderful investment opportunity. According to the proposed route for Rawalpindi Ring Road, Al Mairaj Garden will get easy access to places like GT Road, with Bahria Town at a distance of as little as 20 to 25 minutes of driving. The Islamabad International Airport is also located at about 30-minute drive from Al Mairaj Garden.<\/p>\n Considering that instalment plans span five years and Rawalpindi Ring Road will take time as well, it can be expected that the development of all these amenities will not be particularly fast as it will take about five years but, in long-term the potential returns can be huge.<\/p>\n As it is, the prices of developed 5-marla plots where possession is available in housing schemes like Top City and Qartaba City are priced at around PKR 2.5 million, whereas 5-marla plots in Al Mairaj Garden are being offered as low as PKR 500,000.<\/p>\n Amenities<\/strong><\/p>\n According to Imtiaz, development has already begun and amenities being offered include wide-carpeted roads, underground electricity, and quality water, gas and sewerage services including fresh water and sewerage water treatment plants. It is going to be a gated housing scheme with 24\/7 security staff and CCTV monitoring while other planned amenities will include mosque, hospital, schools and malls.<\/p>\n Payment Plan<\/strong><\/p>\n The project is still in pre-launch stages and the phase ends on 31st<\/sup> March 2018. In the pre-launch phase, residential plots<\/strong> are priced as follows:<\/p>\n Meanwhile, the commercial plots<\/strong> are priced as follows:<\/p>\n The booking and confirmation two months later are 10% each while the remaining 80% is to be paid in 60 monthly instalments over a period of five years. Here is the detailed payment plan for both residential and commercial plots in Pakistani Rupees:<\/p>\n\n
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\n Plot Size<\/strong><\/td>\n Booking (10%)<\/strong><\/td>\n After 2 Months<\/strong><\/td>\n 60 Monthly Instalment<\/strong><\/td>\n<\/tr>\n \n Residential Plots<\/strong><\/td>\n<\/tr>\n \n 3 marla<\/td>\n 30,000<\/td>\n 30,000<\/td>\n 3,000<\/td>\n<\/tr>\n \n 5 marla<\/td>\n 50,000<\/td>\n 50,000<\/td>\n 5,000<\/td>\n<\/tr>\n \n 8 marla<\/td>\n 75,000<\/td>\n 75,000<\/td>\n 7,500<\/td>\n<\/tr>\n \n 10 marla<\/td>\n 90,000<\/td>\n 90,000<\/td>\n 9,000<\/td>\n<\/tr>\n \n 1 kanal<\/td>\n 170,000<\/td>\n 170,000<\/td>\n 17,000<\/td>\n<\/tr>\n \n 2 kanal<\/td>\n 320,000<\/td>\n 320,000<\/td>\n 32,000<\/td>\n<\/tr>\n \n 4 kanal<\/td>\n 600,000<\/td>\n 600,000<\/td>\n 60,000<\/td>\n<\/tr>\n \n Commercial Plots<\/strong><\/td>\n<\/tr>\n \n 4 marla<\/td>\n 120,000<\/td>\n 120,000<\/td>\n 12,000<\/td>\n<\/tr>\n \n 6 marla<\/td>\n 180,000<\/td>\n 180,000<\/td>\n 18,000<\/td>\n<\/tr>\n \n 8 marla<\/td>\n 240,000<\/td>\n 240,000<\/td>\n 24,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n