Frequently Asked Questions
Construction will be completed on or before Dec, 2022.
Following completion of construction and full occupancy, the market value of all units is expected to be PKR 14000-15000/ per sq feet.
After completion of project, rental values are expected to be:
- 1 bed - 60k - 80k
- 2 beds - 120k - 150k
- 3 beds - 150k – 200k
Skypark One will secure the client interest through installment agreement signatures and right of possession during the term of the installment agreement. Upon completion of installment payment terms, full title, right, and interest will be documented and conveyed to client from IB Gulberg, Islamabad.
Prior Developer performance does not indicate the likelihood of late delivery to buyers. Significant landmark projects have adhered to firm projections and delivery schedules. Because the Developer is self-financed with no dependence upon outside funding, absent unforeseeable natural, political, or military events, the Developer anticipates early delivery. Should unanticipated force majeur circumstances or events prevent timely completion, buyers will not be required to commence installment payments.
The project is regarded by experienced real estate and financial experts as a high quality investment from both long- and short-term standpoints.
Skypark One features innovative design, engineering, and construction elements, as well as extraordinary facilities, security, and amenities. From the standpoint of square footage and sweeping skyline views, the project is a guarantee of residential luxury living and shopping. With construction uniquely managed with two full daily labor shifts (16-18 hours/day), completion and full occupancy are guaranteed to outperform all other projects throughout Islamabad.
If all installment payments are made and buyer(s) perform as per contract, there will be no escalation or upward adjustment of pricing. The total price of the Shop/Apartment as per schedule of payment is based on per Sq. Ft. rate, subject to actual physical measurement of the premises performed upon completion of construction.
If a buyer has booked more than one unit in the project and during the installment payment period wishes to surrender any unit and transfer the amount paid to the unit he/she wishes to continue, a service and recording fee of 15% of the total sale value of the unit will be applied.
Should an applicant/buyer wish to surrender his/her unit or cancels their interest on the basis described above, monies paid will be refunded to the applicant following resale of the unit, less 20% of the total agreed price of unit to cover service and establishment charges. Such refunds will be due to the former buyer upon completion and full occupancy of the project.
The applicant/buyer shall remit full payment of the installments every month before 5th of each month. Late payments will incur a late payment charge levied at the prevailing bank rates and the recission of any purchase price discount recorded at the time of BOOKING. Failure to make timely remittance of principal, interest, fees, or dues of any kind within the specified period provided in any FINAL NOTICE will subject the applicant/buyer to the cancellation of buyer’s interest in Skypark One, its services, facilities, or amenities from that point forward.
The applicant/buyer will be responsible for all Allotment/Registry expenses, documentation charges and all other ancillary and miscellaneous/agencies as and when required by the Company within the prescribed period. The cost of unit does not include registration charges and legal expenses, electric and meter connection charges. Such charges shall be paid directly by the applicant on demand, and at no instance not later than 30 days from notice of such payment due.
The Company shall be responsible for the maintenance of the project commencing from the date of delivery of the first unit to be occupied in the project. Allotee is liable to pay reasonable maintenance charges at market rates as reasonably determined by the Company.
Yes. Once the project is completed and fully occupied, a Property Owners Association (POA) will be formed to maintain and manage the facilities. The expenses of the maintenance will be covered by a monthly assessment on each commercial and residential unit, with reasonable costs shared on a per-square-foot pro-rata basis.
Yes. Buyer(s) have the option to choose project location/floor and all finishes. Extraordinary finishes (i.e., gold-plated faucets) may result in a reasonable price adjustment at the time of booking.