Faisal Town Phase 2 balloting has been scheduled for 5 May 2024. Faisal Town is known to be one of the exclusive real estate projects in Islamabad. It is famous for its world-class living facilities, affordable payment plan, and prime location. Moreover, it is also an exceptional project due to the reliable ownership of Ch. Abdul Majid and their development team. According to the latest updates, Faisal Town Phase 2 management has scheduled the first balloting of the society.
This announcement has generated a wave of excitement among the investors and end-users. Moreover, according to the management, the general block shall be the main focus of this ballot. Whereas, some sectors of Overseas Enclave might also be included. In any case, certain prerequisites must be followed to be part of this ballot. If you want more in-depth information about this housing project you may visit Faisal Town Phase 2. Let us explore further details about this balloting event.
Faisal Town Phase 2 Balloting Date
According to recent updates, the society’s balloting date is 5 May 2024. The investors and end-users were very eagerly waiting for this announcement. So this has brought a new level of excitement and confidence in developing this project. Furthermore, this will be this project’s first balloting event.
Plots of all categories and sizes are included in this balloting. The location or venue for this event shall be revealed later. You are advised to stay connected to Makaan Solutions to get informed about upcoming updates.
It is pertinent to mention that with this balloting, the management aims to provide exclusive discounts to its customers. Some of the major discount offers that you can avail now are listed below:
Lumpsum Discount
According to the latest developments, the management is offering a 15% discount on the lumpsum payment of the total price.
Installment Plan Discount
Another way you can avail of the discount is through an installment plan. It means that if a customer pays the total price of land in 9 Installments, a 7% discount shall be available for them.
Balloting Criteria
The Balloting criteria have been kept very convenient. The following are the criteria to get shortlisted for the upcoming balloting.
- First Category: Members having paid lumpsum amounts are included in the first category. They shall have the option to choose a location for their plots.
- Second Category: This category includes all those members who intend to pay the lump sum amount. These will all be prioritized after the first category.
- Third category: This category includes members who intend to follow the 9-installments payment plan. These members shall be preferred after the first& second categories.
- Fourth Category: This category includes members that follow the regular installment plan. Clearance of 6 installments is mandatory for this category.
Dues Clearance Deadline
To ensure your participation and plots to be shortlisted for the upcoming balloting event, you are advised to clear your dues and installments by 26 April 2024. It is important to consider that clearance of at least 6 Installments is a prerequisite for being shortlisted for this balloting.
How to Become a Part of Ballot?
TThe plot balloting of any real estate project follows a well-managed process. You can be part of the ballot by following the below-stated balloting procedure:
Registration
The first step to being part of this ballot is to register yourself with the respective real estate developers or the officials of Faisal Town. You can also contact Makaan Solutions to help you get registered.
Submission of Application
Secondly, members are required to submit the society’s application form and complete all the relevant documentation to the respective agency officials.
Clearance of dues
The next step to balloting is the clearance of dues and installments. You can pay in lumpsum, 9 installments, or regular installments as per the installment plan. However, please ensure that you have paid at least 6 installments to be eligible for this balloting.
Balloting Event
The next step, after the registration, submission of applications, and clearance of dues, is you attend the balloting event on the respective date as announced by the management.
Plot Allocation
After the balloting event, plots are allotted to every participant/member. Plot files are updated according to the allocated plot numbers.
Benefits of Plot Balloting
Plot balloting is considered one of the important events for any real estate investor and end-user. It is because only through balloting and its outcome, the members can get their plots on the respective location. There are some other reasons as well which make this event worth participating. These are as follows:
- Investor’s confidence
- Legal compatibility
- Transparency
- Fairness and equity
- Real estate market’s stability
Conclusion
Faisal Town Phase 2 balloting date was long awaited by its members. The recent announcement of the balloting date shows the developers’ commitment to this project. Members can become part of this ballot by clearing their respective dues and following the aforementioned procedure.
The entire project offers a wide range of world-class facilities and amenities for its residents. Moreover, its prime location at the main M2 motorway and nearby access points also makes it one of the most desirable locations. Furthermore, its master plan and payment plan are also well-designed to cater to the needs of the modern world. For further details about the upcoming balloting event, you can visit or contact Makaan Solutions.
Faisal Town Phase 2 Balloting
Please feel free to reach out to Makaan Solutions for further assistance and details about Faisal Town Phase 2 Balloting. Our 24/7 customer service is always available to help you Choose and Book your dream property.
