PHASE-VIII (Lifestyle Residency Project )

Description

Federal Government Employees Housing Authority under the auspices of the Ministry of Housing and Works has initiated a pilot project of a high-rise apartment scheme for Federal Government employees and other specified groups. The scheme has been launched on land owned by FGEHA in sector  G-13 /1&4 , Islamabad. The total plot size of the project is 15.37 acres, in which 10.10 acres are located at G-13/1 and the remaining 5.27 acres is located in G-13/4. FGEHA has launched this scheme through Joint Venture of public-private partnership for the construction of Ground +16 storey high-rise apartments on a 10.10-acre plot while ground +17 floors apartments on a 5.27-acre plot, with three basements in both the plots. In all, 3273 apartments will be constructed out of which 2384 have been allocated to the Federal Government Employees in all categories while 889 set apart for General Public (GP).

Federal Government Employees Housing Authority under the auspices of the Ministry of Housing and Works has initiated a pilot project of high rise apartment scheme for Federal Government employees and other specified groups. The scheme has been launched on land owned by FGEHA in sector  G-13 /1&4 , Islamabad. The total plot size of the project is 15.37 acres, of which 10.10 acres are located at G-13/1 and the remaining 5.27 acres are located on G-13/4. FGEHA has launched this scheme through a Joint Venture of public-private partnership for the construction of Ground +16 story high-rise apartments on a 10.10-acre plot while ground +17 floors apartments on a 5.27-acre plot, with three basements in both the plots. In all, 3240 apartments will be constructed out of which 2379 have been allocated to the Federal Government Employees in all categories while 861 set apart for General Public (GP).

EHFPRO is a private limited company registered under the Companies Ordinance, 1984 with the Security and Exchange Commission of Pakistan (SECP). It is a dynamic Special Purpose Vehicle (SPV) formed under joint collaboration of the Federal Government Employees Housing Authority (FGEHA) and M/s Progressive Motels & Resorts. Its formation is aimed at developing and undertaking a Lifestyle Residency Project in sector G-13 Islamabad and elsewhere in the country, on a public-private concept. The SPV offers an ideal combination of expertise, both from the Private and Public Sectors. EHFPRO is a formidable initiative of dedicated professionals infused with the vigor to ensure the completion of a project within the specified time ensuring the best quality of work.

Moving along Prime Minister’s vision to provide affordable housing facilities to Government Employees and General Public, EHFPRO has embarked upon its model project, “LIFESTYLE Residency”, providing a safe, secure and enclosed environment for residents in the Capital city.

The project is located at the gateway to Islamabad in the newly developed Sector G-13, Islamabad. It is nearly 13 km from the new Islamabad International Airport within close proximity of the Motorway and offers easy access from Kashmir Highway through a 4-lane metal led/carpeted road running 500 meters wide. The location of the luxury apartments is ideal not only for those in Islamabad but also for those who reside in its twin city, Rawalpindi.

Lifestyle Residency is an opportunity to get a luxury apartment in a secure and serene environment of Islamabad Capital Territory. The project offers facilities that cater to contemporary needs of urban living i.e. Lush Green Parks, Generators as backup for Elevators, Community Club, Mini Supermarket, Security System, Auditorium, Day Care Centre for Toddlers, Gymnasium for Fitness, Beauty Salon, Banquet Facilities, Grocery Store along with Maintenance and Garbage Disposal Services. Lifestyle Residency promises to be a project aimed at the provision of such modern amenities at affordable prices. With optimized utilization of space, the concept of community living is being encouraged as is the case in major cosmopolitan centers of the world.

Current Status / Progress / Development / Update

The Grey structure of apartments in 07 Towers on a 10-acre plot has been completed; however, the grey structure of one Tower (B-1) is under construction. In the case of apartments on a 5-acre plot, construction work is underway. Efforts are being made to complete the project’s two phases at the earliest possible.

Last year, the unsold GP Quota apartments which were previously being offered to the general public at the rate of Rs 8000/- per square foot, were offered to the Federal Government employees, specified groups, and General Public at an average rate of Rs 6500/sft. While apartments in A and B categories were sold and allotted, there are some apartments in C, D, and E categories still available for allotment, at competitive market price.