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A brief update on Ashiana-e-Iqbal Apartments - Zameen News
 

A brief update on Ashiana-e-Iqbal Apartments

October 27, 2015 • news

Ashiana e Iqbal Apartments

The status of Ashiana-e-Iqbal Apartments, a project of the Punjab Land Development Company (PLDC) proposed to be located on Burki Road, is currently a mystery for the members who had applied to book these low-cost apartments quite some time ago. Unfortunately, these applicants are still in a state of confusion, as the PLDC has not even announced the ballot date yet.

The members, who can do nothing but wait at this point, have no clue about the ins and outs of the project. Zameen.com recently contacted the PLDC and learned that the balloting will be held sooner rather than later. However, no particular time frame was mentioned by the PLDC official. Zameen.com also learned that the PLDC will ballot 10,000 apartments.

According to the official, the ballot and auction committee is in the process of deciding the ballot date. So, those eagerly waiting for further developments must not worry. Just hold your horses right now rather than lashing out in anger against the PLDC.

The Ashiana-e-Iqbal project will feature 500-, 600- and 700-square foot apartments. The table below gives an idea of the payment plan for each category.

Apartment Type Down Payment Monthly Instalments for 10 years Non-refundable Application fee Total Price
500 square feet (one bedroom) PKR 239,800 PKR 7,993 PKR 800 PKR 1,199,000
600 square feet (two bedrooms) PKR 279,800 PKR 9,327 PKR 900 PKR 1,399,000
700 square feet(three bedrooms) PKR 319,800 PKR 10,600 PKR 1,000 PKR 1,599,000

 

We understand your concerns over delay in the project, but suggest you wait and see, as the project is impressively affordable and even salaried individuals can afford to pay these instalments.

Rest assured, we are keeping an eye on the project and will update you as soon as the PLDC announces the ballot date. If you want to confirm if the PLDC has received your booking application, please share your NIC number in the comments section below and we will help you in this regard.