Ferozepur City
Ferozepur City, a project located next to Central Park on Ferozepur Road, has been the subject of much controversy of late. A lot of people have been wondering whether or not the project is safe for investment – and I’m here to give you all the detail you need.Plots size Down Payment Installment Last Installment Total Price
Residential Plots
5-Marla (125 SqYds.) 395,000 140,000 160,000 2,095,000
10-Marla (250 SqYds.) 595,000 255,000 295,000 3,695,000
1-Kanal (500 SqYds.) 795,000 515,000 535,000 6,995,000
2-Kanal (1000 SqYds.) 995,000 915,000 935,000 1,1995,000
Commercial Plot
5-Marla (125 Sqft.) 1995,000 1075,000 1180,000 15,000,000
Houses
5-Marla (125 SqYds.) 995,000 330,000 370,000 4,995,000
8-Marla (200 SqYds.) 1,295,000 430,000 470,000 6,495,000
Apartments
2-Bed (1000 Sqft.) 495,000 290,000 310,000 3,995,000
3-Bed (1600 Sqft.) 895,000 455,000 495,000 6,395,000
A marketing gimmick?
The society only has 2,500 acres of land but the marketing campaign for the project appears quite extravagant. For instance, check out the following features they promise to offer in their project:
The project is slated to feature Pakistan’s largest masjid, which will span a 25 acres area
A Joyland spread across 23 acres
A 200-kanal park on the main boulevard
A museum dedicated to Baba Bhullay Shah, featuring his Sufi philosophy
A 40-kanal park in all blocks
Possession for commercial plots to be offered in one month and that for 2,000 residential plots in six months
2,000 houses will be built for poor families
Educational institutes
Sports complex
Zoo
Underground electrification that provides an uninterrupted supply
Cinema
And a lot more. Whether or not the society is able to actually provide all of these facilities remains to be seen. If they do manage to build a society that has all of this, it will be an excellent investment. However, 2,500 acres does not seem like enough land to accomplish all of this. So, we need to wait and see how the developer plans to execute all of this.