Introduction:
Exciting developments are on the horizon in Islamabad as the Capital Development Authority (CDA) prepares to launch new sectors, G-12 and F-12. These areas are set to be transformed into the Federal Government Employees Housing Society (FGEHS). In this article, we’ll explore the details of this project, including the land acquisition process, payment plans, and the investment landscape.
Land Acquisition and Local Settlement:
The journey towards the creation of FGEHS began with the acquisition of land from local landowners. While it’s important to note that locals had established their homes in these areas, the government has taken steps to settle this matter amicably. Notices were issued to residents, and landowners were compensated as part of the land acquisition process. With the land secured, development works are set to commence.
Investment Landscape:
Investing in real estate is an opportunity for many, but it comes with its share of risks and considerations. In the case of FGEHS, there are some factors to bear in mind:
Competition with Other Societies: The real estate market in Islamabad is competitive, with several housing societies vying for attention. Notably, developments like Green Enclave and Sky Garden have been announced, but delays have hindered their progress. Prospective investors should assess these factors carefully.
Government-Backed Project: FGEHS enjoys the backing of the government, which can provide a sense of security for investors. However, it’s essential to stay informed about the project’s progress and any potential challenges it may face.
Payment Plan and Registration: The payment plan for FGEHS plots is designed to be accommodating for buyers. Here are some key details:
3-Year Installments: Buyers can choose to pay for their plots over a span of three years, making it more manageable for a wide range of investors.
Initial Payment: The initial payment required is 20% of the total plot price. This amount will secure your plot and allow you to participate in the balloting process.
Registration Fees: Registration fees for plots vary depending on their prices, ranging from 5,000 PKR to 20,000 PKR.
Contact for Investments:
For those interested in investing in the CDA and RDA sectors, it’s advisable to seek guidance from experienced professionals. Gondal Group of Marketing is a reliable source for information and assistance in making informed investment decisions.