Faisal Town 2: Answers to Your Top Investment Questions (NOC, Development & Booking FAQ)
When making a significant investment in real estate, clarity and up-to-date information are paramount. Faisal Town 2 is currently one of the hottest properties near Islamabad, and we know serious investors have specific questions about its legality, on-ground progress, and how to book a plot.Here are the definitive answers to the most frequently asked questions about Faisal Town 2, giving you the confidence to make your next move.🚦 NOC & Legal Status: Is Faisal Town 2 Approved?The No Objection Certificate (NOC) is the most critical piece of documentation for any housing society.Q1: What is the current NOC status of Faisal Town 2?The NOC for Faisal Town 2 is currently under process with the Rawalpindi Development Authority (RDA).Key Insight: The developers, Zedem International (Chaudhry Abdul Majeed), have successfully delivered multiple, fully-approved projects (like Faisal Town Phase I and Faisal Hills). The management has submitted all required documentation to the RDA and is highly optimistic about securing approval soon. It is standard practice in the industry for development work to commence before final NOC approval, particularly with reputable developers.Q2: Which authority governs Faisal Town 2?Although geographically close to Islamabad (near the Thalian Interchange/M2 Motorway), the project falls under the jurisdiction of the Rawalpindi Development Authority (RDA).Q3: Is the land acquired and secure?Yes. The developers have a strong track record of legally acquiring the land for their projects. The master plan spans a vast area, with continuous land leveling and on-ground development confirming their commitment to the project's scale.🏗️ Development Progress: What is the Latest On-Ground Status?Visible progress is the best assurance for an investor. Faisal Town 2 has been moving rapidly.Q4: What is the most significant recent development on site?The most visible progress includes:Main Boulevard Completion: The grand, 350-foot-wide main boulevard is in its final phases of development (mostly leveled and carpeted), serving as the lifeline of the society.Massive Land Leveling: Approximately 80% of the site's ground has been leveled, which is essential for plotting and infrastructure installation.Launch of Sector O (Model Block): This is a key semi-developed sector offering cash plots, with possession expected sooner than the General Blocks (within 1 to 1.5 years, according to updates).Q5: Are utilities and amenities being installed?Yes, alongside the main road network, groundwork for underground utilities (sewerage, drainage, electricity, gas, and water pipelines) is actively underway in various blocks, particularly in the Overseas Enclave and Sector O. The commitment is to provide a comprehensive, modern infrastructure.Q6: When is the balloting and plot possession expected?Balloting: Balloting for plots is typically announced after a significant portion of the development is complete or when the NOC is imminent. Investors should monitor official announcements, as balloting is a major event that often leads to a rise in prices.Possession: Possession for the initial blocks (like Sector O) is anticipated within 1 to 1.5 years for cash-paid plots, while the general blocks are projected for possession after the completion of the installment period (usually 4-5 years).📑 Booking & Investment: How Can I Secure a Plot?Faisal Town 2 is currently offering flexible and straightforward booking options.Q7: What are the available plot sizes and payment plans?Faisal Town 2 offers a variety of residential plots, typically over a 4 to 5-year installment plan (around 16 to 18 quarterly installments).Plot Size (Marla)Approximate Down Payment (PKR)Installment Plan LengthKey Investment Feature5.56 MarlaPKR 690,000 - 750,0004 to 5 Years (Quarterly)Entry-level investment.8 MarlaPKR 750,000 - 850,0004 to 5 Years (Quarterly)Most popular investment size.1 KanalPKR 1,265,000 - 1,400,0004 to 5 Years (Quarterly)Premium residential option.Note: Payment plans for commercial plots, the Overseas Enclave, and the new Model Block (Sector O) may vary. A substantial 20% discount is typically offered for lump-sum (cash) payments.Q8: What documents are required for booking?The process is simple and requires only a few standard documents:Photocopy of the Applicant's CNIC.Photocopy of the Next of Kin's CNIC.Passport-sized Photograph of the Applicant.Payment Instrument (Cheque/Pay Order/Bank Transfer of the Down Payment).Q9: Is it better to invest now or wait for the NOC?Invest Now: Most market experts suggest that the pre-NOC phase is the best time for maximum capital gain. Prices are typically at their lowest and are expected to increase significantly once the final NOC is granted and after the first balloting occurs. Investing now allows you to lock in the current rates through the flexible installment plan.