Motorway City Islamabad Issues Notice Regarding Development Charges – Latest Updates

Motorway City Islamabad is among the top attractive housing societies for investment as well as for residential purposes. It’ offers multiple options that make the property high in demand. Recently, an administration of this fabulous project has published a notice regarding the imposition of revised development charges on old defaulting members. After a long pause, and especially after the launch of Executive Block, the society is now set to resume the development work again.

Development Charges Details

According to the announcements, all those members who have booked their plots in Motorway City by 2005 but did not pay the development charges of their plots are informed that new rate of development charges is 45,000/- per Marla, which is valid till 30th of October 2019. Furthermore, all those buyers who have booked their plots after November 2007, the development charges for them are 60,000/- per Marla.

Another important announcement is made by the society that all such members who have started to pay their development charges according to old rates but didn’t pay according to the given 2 years installment plan will also be charged additional development charges as per revised rates.

Adding more, after the complete payment of all the development charges, the society will charge the utility charges against the installation of gas, water, electricity connections, and other utility expenses.

Here it is important to mention that the files with more than 6 unpaid installments have been canceled. Further important details of Motorway City Islamabad are provided below:

Location Overview

Motorway City Islamabad is positioned close to Islamabad International Airport. Motorway City is located in Mouza Ratwal, Tehsil Fateh Jang, District Attock, and Punjab.

Executive Block – Prices of Plots & Payment Plan Details

Motorway City Islamabad has recently launched a new block named “Executive Block”. The block is brilliantly planned with different sizes of residential plots. It offers the residential plots of 5 Marla, 7 Marla, 10 Marla, 14 Marla and 1 Kanal. The most attractive features of these plots are the easy installment plan of 5 years. The booking of these plots is already started. To book your plot in Executive Block, it will be required to pay 5% down payment followed by 5% allocation & 5% confirmation charges. However, the remaining amount will be divided into 60 monthly installments.

Payment Plan for Residential Plots in Executive Block

Installment No	Installment Details	25×50 138 sq/yd	36×50 200 sq/yd	35×70 272 sq/yd	40×80 355sq/yd
1st month	Booking	85,000	120,000	170,000	210,000
2nd month	Allocation	85,000	120,000	170,000	210,000
3rd month	Confirmation	85,000	120,000	170,000	210,000
46 installments	Monthly Installment	7,000 x 46 322,000	8,000 x 46 368,000	10,000 x 46 (460,000)	15,000 x 46 (690,000)
		70,000 x 10	110,000 x 10	160,000 x 10	190,000 x 10
10 installments	Half Yearly	700,000	1,100,000	1, 600,000	1,900,000
Final Payment	At possession	173,000	222,000	280,000	330,000
Total Cost	Total Cost	1,450,000	2,050,000	2,850,000	3,550,000

 

Note: The society will charge 10% extra amount for plots at prime location, facing parks, Main Boulevard, corner & 100 feet roads.

For booking and further details contact Universal Property Network.