MINUTES OF THE112TH MEETING

Most ImmediateBy Special Messenger

FEDERAL GOVERNMENT EMPLOYEES HOUSING FOUNDATION. 10, MAUVE AREA, G-10/4, ISLAMABAD

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No. 11 (4)/2008-HF(A)/113

rSubject:-

June 28. 2010

113th MEETING OF THE EXECUTIVE COMMITIEE/BOARD OFDIRECTORS OF THE FEDERAL GOVERNMENT EMPLOYEESHOUSING FOUNDATION TO BE HELD ON 30.06.2010 AT 11.00 A.M.

The 113th meeting of the Executive CommitteelBoard of Directors of the

Federal Government Employees Housing Foundation is scheduled to be held en

30.06.2010 at 11.00 a.m. in the Committee Room of Federal Government Employees

Housing Foundation, Islamabad.IE

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3.

Encl:

The agenda and working paper are enclosed.

Kindly make it convenient to attend the meeting. . ",,#./As above ',/ ~~

O( C (AZI.tG~~ SHAH)Assistant Director (Admn-II)

Tele: 051/9106044

9. Mr. Muhammad Ali Afridi,Managing Director,Pakistan Housing Authority,Islamabad.

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1. Raja Muhammad Abbas,Chief Executive I Secretary,Mlo Housing & Works,Islamabad.

Mr. Iftikhar Ahmed Khan,Joint Secretary,Mlo Housing & Works,Islamabad.

Mr. Fateh-ul-Mulk,Director General,Pak. PWD,Islamabad.

Mr. Abdul Jabbar Melano,rv1ember Planning,Capital Development Authority,Islamabad.

2. Mr. Nasar Hayat,Additional Secretary,Ministry of Interior,Islamabad.

4. Dr. Nadeem Shafiq Malik.Financial Advisor (Works),Mlo Housing & Works,Islamabad.

6. Hafiz M. Ziauddin,Joint Secretary (CDA),Cabinet Division.Islamabad.

8. Mr. Guizar Hussain Zaidi.A/joint Engineering ,A,dvisor.Mia HOUSing & Works,Islamabad.

FEDERAL GOVERNMENT EMPLOYEES HOUSING FOUNDATION10, MAUVE AREA, G-10/4, ISLAMABAD

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Description

INDEX-=.. ..• ....J-_.~ __

i Confirmation of the minutes of 112th Executive Committee Ii Board of Directors meeting

i Expressions of Interest (EOI) for JVs! (MIs Land Linkers)

AGENDA FOR THE 113TH MEETING OF THE EXECUTIVE COMMITTEE /BOARD OF DIRECTORS OF THE FEDERAL GOVERNMENT EMPLOYEESHOUSING FOUNDATION TO BE HELD ON 30 fH JUNE 2010 AT 11.00 A.M.

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i Agenda iI ,1 Item # !

Item No.1

Confirmation of the Minutes of 112th

Executive Committee / Board of DirectorsMeeting

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FEDERAL GOVERNMENT EMPLOYEES HOUSING FOUNDATION10, MAUVE AREA, G-10/4, ISLAMABAD

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Subject: MINUTES OF 112TH MEETING OF THE EXECUTIVECOMMITIEE / BOARD OF DIRECTORS OF FEDERALGOVERNMENT EMPLOYEES HOUSING FOUNDATION HELD-ON 17.06.2010

The 11ih meeting of the Executive Committee I Board of Directors

of FGE Housing Foundation was held on 17.06.2010 at 02.00 p.m. in the

Committee Room of Federal Government Employees Housing Foundation,

Islamabad. The meeting was chaired by Raja Muhammad Abbas, Secretary /

Chief Executive FGE Housing Foundation, Islamabad. The list of participants is

annexed.

2. The agenda item discussed in the meeting and decisions taken

therein were as under:-

Item No.1: EXPRESSIONS OF INTEREST FOR JOINT VENTUREPROJECTS

3. The Executive Committee in its 111th meeting held on 26.05.2010

had short-listed 12 firms for further evaluation/assessment. It directed the

Evaluation Committee to evaluate the proposals of 03 late submitters as per the

laid down criteria. The Executive Committee also directed the Evaluation

Committee to visit the short-listed sites for technical evaluation and present its

report aJongwith multi-media presentation in the next meeting. The Director

General HF briefed the Executive Committee about the visits undertaken by the

EvaluationCommittee in Islamabad, Lahore and Karachi and gave an ove~

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assessment of the short-listed projects. Project Director (J\l) then presented the

evaluation reports of the short-listed projects. The Executive Committee directed

to ensure complete transparency and observance of all rules and procedures in

selection of sites for future projects.

The proposals were presented one by one.

(i) Mr. Gulistan Abbasi

The Executive Committee observed that the land provider had not

provided agreement with all the existing land owners of 800 kanals. It also

observed that all offered land is comprising of "shamilat", hence the land provider

should provide agreements with all the owners as well as the status of

possession.

Member Planning, COA, observed that the proposed land comprises of

hilly tract, which would result in less developed land.

The Chair directed to prepare feasibility for land utilization as the

topography of the land is mainly hilly in nature with sharp slopes.

J.S.(Cabinet) observed that the land does not seem to be contiguous to

the existing scheme of Housing Foundation, hence the land provider may be

asked to provide written commitment for provision of the land falling in between

the present Green Tree Scheme and the land offer by the I~nd provider. The

Executive Committee decided that the scheme may be placed before the

Executive Committee after provision of agreement with aJl the existing owners of

BOOkana/s, commitment and agreement with the existing owners of the land~_

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land.

conditionsof the joint venture.

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The Chief Executive

that following details/clarifications be obtained and the proposal be brought

a Negotiation on cost of land and apartments to make the scheme

a Market survey to be conducted to assess the value/price of similar

MD PHA was of the view that the price offered is in conformity with the

falling in between the Green Tree scheme and the proposed land, feasibility

a Confirmation from National Police Foundation regarding possession of

affordable for government servants.

The Executive Committee approved the project site. However, it directed

apartments in the vicinity.

reporton land utilization and terms and conditions of the proposed JY.

(ii) MIS Land Linkers

before the Executive Committee for approval of project costs and terms and

(iii) MIS Pace International

price given by PHA for Shabbir Town apartments.

observedthat in case of PHA, apartments were offered to General public and not

the Federal Government servants and in case of F.G. servants, the price needs

to be reduced. It was, however, observed that the existing FAR of the proposed

layoutpian for 480 apartments does not seem to provide a healthy environment

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and may affect the living conditions of the residents being congested. It also

directedHousing Foundation to study the possibility of re-planning based on

Ground+3and consult the LOA on the issue.

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schemes be brought up once all lacking information has been provided with

specific emphasis on completion of ownership documents and other detaiis.

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The Executive Committee directed that the rest of the short-listed

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The meeting ended with a vote of thanks to and from the chair. ~

__ '.'~_' , •.••••••. ~ __ •• __ • __ • __ O- -~~- --- "-~- - --_.:.._-~-=-.:.~----'-.

LIST OF PARTICIPANTS OF THE EXECUTIVECOMMITTEE'S MEETING HELD ON 17.06.2010

1. Raja Muhammad Abbas, Secretary, Mia Housing & Works,Islamabad (In Chair).

2. Mr. Nasar Hayat, Additional Secretary, Mlo Interior,Islamabad.

3. Mr. Iftikhar Ahmed Khan, Joint Secretary, MIa Housing &Works, Islamabad.

4. Dr. Nadeem Shafiq Malik, Financial Advisor (Works),Islamabad.

5. Hafiz M. Ziauddin, Joint Secretary, Cabinet -Division,Islamabad.

6. Mr. Abdul Jabbar Melano, Member Planning, COA,Islamabad.

7. Mr. Guizar Hussain Zaidi, NJoint Engineering Advisor,Mlo Housing &Works, Islamabad.

8. Mr. Muhammad Ali Afridi, Managing Director, PakistanHousingAuthority. Islamabad.

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Item NO.2

FEDERAL GOVERNMENT EMPLOYEES HOUSING FOUNDATION10-MAUVE AREA, G-10/4, ISLAMABAD

WORKING PAPER FOR THE EXECUTIVE COMMITTEE

Subject: EXPRESSION OF INTEREST FOR JOINT VENTUREPROJECTS: MIS LAND LINKERS SECTOR E-11! ISLAMABAD.

Federal Government Employees Housing Foundation was

established as a limited company in 1989 to cater for the housing needs of the

Federal Government Employees. Housing Foundation has so far launched 11

housing schemes at Islamabad, Karachi, Peshawar and allotted about 23000

houses / plots / apartments to the Federal Government Employees. However,

substantial demand for shelter still exists. Housing Foundation in order to assess

the demand from Federal Government Employees launched membership drive in

August, 2009. So far 19400 applicants have registered themselves and shown

their interest for allocation of plots I apartments.

2. As per past practice, Capital Development Authority was

approached for allocation of suitable land to enable Housing Foundation to

launch a housing scheme for Federal Government Employees as no scheme is

launched after Phase-IV (Sector G-14/1,2,3) in 2004. However, CDA was unable

to provide land to Housing Foundation. The Executive Committee in its 1Doth

meeting held on 26.06.2008 decided to procure private land for launch of future

schemes. The land providers / joint venture companies were since then

approaching individually for provision of land to Housing Foundation and the

proposals were placed before the Executive Committee for consideration. The

Executive Committee in its 110th meeting held or: 25.02.2010 decided that the

Expression of Interest for Joint Venture should be invited through press for sake

of transparency and healthy competition among the potential Joint Venture

?artners. Accrodingly, Expression of Interest was published inviting proposals for

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Joint Venture with Housing Foundation. In response thereof 38 proposals werereceived.

3. Chief Executive of Federal Government Employees Housing

Foundation / Secretary, Ministry of Housing & Works constituted an evaluation

committee for preliminary evaluation of the received proposals. The committee

formulated the criteria for evaluation of proposals based on the advertised

parameters and evaluated the proposals as per the information provided. ihe

Executive Committee in its 111lh meeting held on 26.05.2010 considered the

evaluation report of the evaluation committee and short listed 12 proposals for

detail evaluation and assessment.

4. The evaluation committee visited the short listed sites and

submitted its findings to the Executive Committee in its 112lh meeting held on

17.06.2010. The Executive Committee approved the project site proposed by Mis

Land Linkers in Sector E-11 for construction of high rise apartments. It further

directed that the proposal be placed before the Executive Committee after

obtaining the following clarifications: _

i) Market Survey to be conducted to assess the value I price of similarapartments in the vicinity.

ii) Negotiation on cost of land and apartments to make the schemeaffordable for government servants.

iii) Confirmation from National Police Foundation regarding possession ofland.

5. A Sub-Committee was constituted to conduct market survey to

assess the value I price of similar apartments in the vicinity. The report of sub-

committee is placed at Annex-I and comparative statement of the price of

apartments in different projects. National Police Foundation has been

approached for confirmation of possession of the said plot. Director General,

Housing Foundation, also discussed the matter with Director, National Police

Foundation who has confirmed that possession of land is with Mis Land Linkers.

Negotiations were held with the representative of Mis Land Linkers to reconsider

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reconsider the cost of land and apartments on 25-6-2010. The firm has reduced

the price of type C, Band E apartments by Rs. 100/sqft, Rs. 200/sqft and Rs.

300/sqft. respectively(Annex-II). Cost of type A and B apartment remains

unchanged. However, they have proposed that the cost of parking is to be

charged separately. Comparison of original price of apartment and the revised

proposal of Mis Land Linkers comes as follows:-

will be sublT.itted on completion of the requisite information / clarifications.

7. In view of the position given in above paras, it is proposed that joint

venture proposal of MIs Land Linkers for building apartments may be approved.

While the proposals of MIs Gulistan Abbasi, Mis Pace International and others

Submitted for consideration.

I 5# i Type of Revised Proposal (Price 1 sqft I Price (Rupees)I I

I i Apartments for FG employees j per apartmentI ,

without! !I arkin

Ii I Withoutparking : With parking iII 4"1:;0I 1 : E (700 sqft) I IJv ! 4350 : 5350 : 3,045,0001-

! i iI 2 i 0 (900 sqft) I 4650 14450 i 5230 I 4,005,0001-i I

I 3 i C (1100 sqft) i 4650 4550 i 5190 I 5,005,0001-I I I iI

i 8 (1500 sqft)I I I14

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4650 ! 4650 i 5120 i 6,975,0001-II : Ij ~

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Iv i A (1800 sqft)1

4650 /4650 i 5040 i 8,370.0001-I I .I I

6. From the comparison of other ongoing apartments projects in

Sectors E-11 and F-11 (Annex-III), the proposed price of apartments by Mis

Land Linkers is competitive with other projects in Sectors E and F-11. However, it

is higher that of Housing Foundation's upcoming project in G-13 which is mainly

because of development status and prevailing market difference of G-13 and

E-11.

8.

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A,N N~.-,J~"FEDERAL GOVERNMENT EMPLOYEES HOUSING FOUNDATION -

1O-MAUVE AREA, G-10/4, ISLAMABAD

MARKET SURVEY OF THE PRICE OF APARTMENTS, HIGH RISE G+3 14)IN ISLAMABAD.

In compliance with the Office Memorandum issued vide No. 1(2)/Office

Order/2010/PD-HF dated 21106/2010. The members of the sub-committee constituted for the

purpose mentioned in the subject matter have visited the high rise as well as G+3 1 G+4

apartments in Sectors F-10, F-11. and E-11 on 21.06.2010 and 22.06.2010.

The apartments blocks near completion have been particularly surveyed viz

detail of accommodation, price, covered area as well as broad specifications, necessary

brochure and price list are enclosed for ready reference.

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1. Silver Oaks, F-10, Islamabad (2 Basements + Ground + Ten Floors) (Annex-A)

2. AI- Safa Heights-I, F-11/1, Islamabad (Lower Ground + Ground + 4 Floors) (Annex-B)

3. AI-Safa Heights-II, F-11/1, Islamabad {2 Lower Ground + Ground + 5 Floors) (Annex-C)

4. Khudad Heights, E-11, Islamabad (2 Basement + Ground + 13 Floors) (Annex-D)

5. Shaheen Apartments, E-11, Islamabad (Basement + Ground + 7 Floors) (Annex-E)

6. Fortune Residency (NPF, E-11, Islamabad (Basement -to Ground + 5 Floors) (Annex-F)

Submitted for perusal please.

~,,~(Javed Khalid)~1o

Asstt. Director (JV-I)

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/YI.,~,.(Muha~~ '~~~c0

Naib Tehsildar

Silver Oaks

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Annex-A

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50% Down Payment at the time of booking.Remaining equal installments of 1 year.At the time of possession Rs, 100,0001. (Part from Principal cost of Apartment).

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--- ~-_.__ .. --_ ..-~ -._--~Broad Specifications

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Highly luxurious specifications, Doors (Interwood), Aluminum windows, Granite tile flooring incorridors, with wooden flooring in bed rooms,Foreign make sanitary fittings in bathrooms andAmerican kitchen. Lifts, Gymnasium & swimmingpool, Tennis and Squash Court's & Parking areain basement.

-------~-._-------- - -- "----.-----...J-.---.

580 sqft RS.7.000,OOO/- Rs. 12,069/-_.- _ .._._--~----- ~- --------- ------1430 sqft Rs. 10,500,000/- Rs.7,343/-_._---- ----, -----~-- - -- -------- -----_._--- ---'---1750 sqft Rs. 13,500,000/- Rs.7,714/.

_ .._._----- ------ --------------,. ---- , .._- ---_ .._-_.~ --

1750 sqft Rs. 14,500,000/. Rs.8,286/.--_. __ .. -_ .. - .. -.. ---..... -------_ .._-- ----_._-_._---~.

2100 sqft Rs. 16,500,000/. RS.7,857/-------2100 sqft Rs. 17,500,000/- RS.8,833/------3750 sqft RS.26,000,OOOI. RS.6,933/.-----------_. ,- .._-- "---'

• 3 Bed Full Terrace--_._---_.-

3 Bed Spacious--_.~-----

4 Bed Duplex

3 Bed Half Terrace

1 Bed

2 Bed

3 Bed Compact

Silver OaksF-10,Islamabad

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Mode of Payment:-

.&;.-------1----------------1-- ---.----------------.--1--------1- --- ...- ..- ----r----.----LI . Name of . Covered ./ s~Loc~t_I~_~ __ ~_r:!~~'!..t~__ Acc~rn_lllodatlon___ ~rea ~~~~_e____ ~o~~_sq~_ J,-

2 Basements + Ground + Ten Floors1--

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!~.'AI-Safa Heights-I Annex-B

Framed structure,Marble floral/importedtiles, imported glasswork, importedelectrical fixtures,provision of lift, standby generator, importedtiles inbathroom/kitchen, bestquality bath fixtures, 'I

wooden doors &windows, provision ofgym I

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Framed structure,Ground plus four floors,Marble floral/importedtiles, impOrted glasswo~, importedelectrica I fixtu res,provision of lift, standby generator, importedtiles inbathroomlkitchen, best:quality bath fixtures,wooden doors &windows, provision ofgym.-- -_._---------------_._-_._-

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RS.4,5761_-----

RS.5,424/_-------------

Rs. 5,017/_--_._._--'-------.RS.4,462/_----._--,---. --"-...-

Rs.4,508/.----------.-.-- - ...._--.Rs.5,208/.--- -----------

RS.5,536/.--------Rs.5,000/_-------Rs.6,0001_

RS.4,576/_-----------RS.4,154/.------- ---------

Rs.4,1251_---------Rs.4,5831_----- .. --.------RS.4,643/ _------RS.4,6431_----_._--Rs.5,500/_

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800,000/-

000,000/-

500,000/---_._ ..- .._-200,000/-

- _.- -

,500,000/-

,500,000/--,---------

,000,0001-

000,0001-

-~---- -------_. _._-_ ... -

d 2950 sqft Rs_ 16,--- ---~ - .-._-------- -~--'---

d 2950 sqft RS.14,- .. -"-._-,-- ------'---_ .._-- --------~

d 3250 sqft RS.14,-_ .._---- ---------~"----_. -------Bed 3150 sqft RS.14

- -_._--,--~_._-. -- ... ... '-'-'- -_. ----, -

Bed 2400 sqft Rs_ 12--"-- ---_. __ .- -----

Bed 2800 sqft RS.15--- - ------Bed 2800 sqft Rs. 14

- ----1 Bed 1000 sqft RS.6,(

---

3

3

2

3

3

lower Ground

..-/~-

- -._--------- -_.- --------- --------_._-----Frant Comer)

3 Bed 2950 sqft Rs. 13,500,0001-~ - - - ._~- -- -_._--- -- ._-Back Corner)

3 Bed 2950 sqft Rs. 13,500,0001------_.- --._.- ---------- -------,----:;sic (Non Corner) 3 Bed 3250 sqft Rs. 13,500,0001-------- -----_. -_ .. - ----------------- ------_._---- . ----------:;sic (Non Corner) 3 Bed 3150 sqft Rs. 13,000,0001---~---_._------- ----- ---- -_._---------reme (Centre) 2 Bed 2400 sqft Rs. 11,00,0001------"------ ---------- ._------- - ----_ .._------_._- ---usive (Margala

3 Bed 2800 sqft Rs_ 13,000,0001----------------- '-- - ._---- ------- ----------- ----

lusive (Park Face) 3 Bed 2800 sqft Rs. 13,000,0001------ -- -

io apartment 1 Bed 1000 Sqft Rs. 5,500,0001-.._-----_._-------_._--- ----------_._- ------_.----_. - --- --

A. Type VIPt0~g9!~..FacA. Type VIPPark Face.-.."-------

B. Type Clas~".- ---------,-

B. Type Clas----------C. Type Sup--------_.-D. Type Exc

_IC3.~e)D. Type Exc

C_Type stud

B. Type Classic (Non Corner)- --_. - ----~----~--~.-----.__ ._-----

C. Type Supreme (Centre)- - -- --_. -- _ .._- ._-~-----_.-

D. Type Exclusive (MargalaEaceL . _

D. Type Exclusive (Park Face)------

C. Type studio apartment

AI-Safa Heights# I Basement,Ground +4 Floors

AI-Safa Heights# I Basement,Ground +4 Floors

F-11/1,Islamabad

F-11/1,Islamabad

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~o~]--U;catlonl.'-- -Name-of- ,]---.-------Type----------I Accom covered---r- Price r-coSUSq-ff-l--- ----- ._~___~----.-.---J_--~partm~~!s _... _ L~C?E.~t.i~'!...._. !\r~~ .. Broad Specifications

If Ground Floor + 4 Floor --- -- ----. _

-----, - -------- ---- -, ~'a~~~; ~~~r:_:~~~ner) --_]~~

A. Type VIP (Back Corner)Park Face~._"~._. _ .._-----~_._---_._-_._ .... _------- ..'---

B. Type Classic (Non Corner)

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Annex-C I

lower Ground 1

AI-Safa Heights # II

Ty~e_ .mj A~CO",::d':::~~dc~:::~~~_~~priC_e~_:~=1~=s~S~]~_~Bro'd_~c.iions=1...------1

I:ramed structure, Ground + f r Ioors M b au, I

m 0' ar Ie floor / irnported,I p ~ed .glass Work, irnported I

e ectncal fixtures, provision f I'''t Istand b a Iic,Y generator, imported tiles I

n bathroom/kitchen best \'t Ib th fi ,Qua I Y Ia Ixtures Wood d' ;,. 'en Oars ell Iwindows, Provision of gym. I

II

-~-_.- -------. ---~---.----------- ------ --~-_. __ 0'_- --_. __._-_.- ---~- .' _'0-~Executive3 Beds 2680 sqft Rs. 12,700,000/- Rs.4,739/-

~.-----, .._-_.- ----_ ...----- ---- -- -------._.- --------- ------ -------~Exclusive3 Beds 2725 sqft Rs. 12,900,000/- Rs.4,734/.

--------_., -"'.-- -'.-_._-._ ..- -----"_._-~-~-"._. __ ._---~_. ----._---~-~--"-_.--_.- .- --~.._-----_.- ----"_._----_ .. _. ------_ .._~-----Supreme 2 Beds 2115 sqft Rs. 9,700,000/- Rs.4,586/.. ----~_. ---_._ ..- -._ ..- -,,---- ...... _-_. __ ._.__ . .. -~.." --- _._. ------_._._-~--_.__ .. --------~--_ .._._----~ _._- -------------nd Back Corner 2 Beds 1600 sqft Rs. 7,700,0001- Rg.4,813/-_._----- --- •.__ . __ .. _ ..._ ..... __ ... __ ._._- ..__ ._-.__ •..__._-._-- ._-~._._------_. ---'-- -------_.-nd Back Corner 2 Beds 1700 sqft Rs. 7,900,0001- Rs.4,647/.._--------_._._ .._------- -_. - ._--_ .._-_._._-~,._--... _--_ .. _-_ •._._-_._-- ---_.__ ..__ ... __ ._---_. __ .._-_ ... -.- --,,--.-. --~----_._---_.-itia 2 Beds 1550 sqft Rs. 7,200,0001- Rs.4,645/._._--_._-------_._. _. -----_._--~----~ .-ntia 2 Beds 1600 sqft Rs. 7,400,0001- Rs.4,625/-- --------- -------- ---- - ------- -------

IXY 2 Beds 1700 sqft Rs. 7,700,000/- R!i. 4,529/.----~---- --- ------_._,~ ---"'---eluxe 1 Bed 1200 sqft Rs. 5,800,000/- Rs. 4,833/.--- .--._.- .---- -'--- .-.--------.--- -.- •••.• ------- _____ •• __ _ ___ w _____ ._. __ •

P 1 Bed 1250 sqft Rs. 6,000,000/- Rs.4,800/.---._--_. -_._. -.--- -------- -------_ .•_._. __ . -_ .. _--_.~.__ ..- ---_ ..._-- _._._--_. __ ..-._--- _._------

)j,

'/tOcOtion TA~::;e~ts[~~A. Ty~~eCornerS-.'-TypeCenter--'----C. Type-_._----

i F-11/1, AI-Safa ~_1-Gr(~Iisiamabad Heights # II ~~-Gra

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--/3 ~- /YI~~ ----

Framed structure Marble,floorl/imported tiles, importedglass work, imported electricalfixtures, Provision of lift, stand by j

generator, imported tiles .in'bathroom/kitchen best qualIty, &bath fixtures, wooden doorswindows, provision of gym.

.(J)A~f-~&

--- -- - ---'--- -~-_ .._-._---_.

2680 sqft Rs. 11,000,0001- Re;.4;104/.-_._._- -- ------. ------_._------- _ ..._._-_._._~-----

2725 sqft Rs. 11,200,0001- Rs. 4,110/.---------~ ----- ._---_._._.2115 sqft RS.8,000,0001- Rs.3,783/-------- ----_._-_._----_ .._-- '--'--'--1600 sqft Rs. 6,800,000/- Rs. 4,250/-

---.._._--------- -----_.__ ._--_ .•. _---- ----------1700 sqft Rs. 6,500,0001- Rs. 3,824/.

-- ._._-_._------- ....__ ._ .... __ . -_._-.-._----1550 sqft Rs. 6,000,0001- Rs. 3,871/.

'---'-'~--'----- ------------- _. ---1600 sqft Rs. 6,300,0001- Rs. 3,938/.

-_.~----~------- .._----_._-_ .. _. -_._----_ .._---- ------------1700 sqft Rs. 6,500,000/- Rs. 3,824/.

•.- - - ---_ ... __ .. ~-~---~--

--.! 20-9~~~ ~~~_,20~~00_~~-_._. ~s. ~~~~~~ ____1250 ~_qft Rs. 4,~20/-_

3 Beds

3 Beds---2 Beds--2 Beds_._---2 Beds

- -'.__ ._. - "._-_ ..

2 Beds

2 Beds--~._---+2 Beds

1 Bed

1 Bed

_._---------_ ..

A. Type ExecutiveCorner-----_ .._--

B. Type ExclusiveCenter------------ -.-C. Type Sucpreme--,,-----_ .. _ ... _--_ ...-

D 1-Grand Back Corner------_._.- .._--------_ .._----.-

D 2-Grand Back Corner_._-~.._--- _. _ .._._-_... --._- .. ----

E 1. Santia

E 2. Santia_. _._-- - - _.-._---

F-1-2 Galaxy----- ..__ ._-G. Type Deluxe-----_.- ----_._---

H. Type VIP

F-11/1, I AI-SafaIslamabad Heights # "

, , .. "!~~, , ..• 'I.t"' ••~"""'" .~, ~-""""~~""l:"I._'''''~_..,".•,~"_ .•..•.•~".,._....••.< __ ,.~" .•• w~.n.''"'...."."~_•.,.,.•."".~•.,•.,""',,....._,.',.•.•<'"~••••

/, j-------_._--- -- ---------- ------------!1---l------------rA. TYfJe-Executive-, 1 Corner

B~Type ExclusiveCenter~_.._----~-~ -._--- -_._.-

C. Type Supreme--------- ---------------

D 1-Grand Back Corner

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Framed structure Marblefloorlimported tiles' irl1pc:~edglass work, import~d electricalfixtures, provision of lift, stand ~ygenerator, imported tiles .mbathroom/kitchen, best qualitybath fixtures, wooden dOors E"windows, provision of gym.

;;1~

RS.3,550/-

R5.3,545/-

c.kY1Jb

RS.3,310/----_._- --------

RS.3,750/--_._---RS.3,547/-_._------RS.3,548/-.- -- -'-- ._.-

RS.3,625/-._.__ .._--RS.3,529/-_._----_ .._-RS.4,167/-_.__ ._._-RS.4,160/-

._---..., •...~, ..~....•..........,~. ,••....•..

------ _. -- - - --------- - -'--'--"'--~--- -_._---

RS.9,500,OOO/-

RS.9,700,000/-

Rs. 7,000,000/---~------Rs. 6,000,0001---'~-"--- -RS.6,200,0001----~------ _._---.Rs. 5,500,0001---_._---- --_._--_. _._--~Rs. 5,800,0001-------_ .. _---_. ----_._-_ ..

Rs. 6,000,0001-

Rs. 5,000,0001---------.-Rs. 5,200,0001-

2680 sqft

2725 sqft

2115 sqft. -_._-------1600 sqft-_._-----1700 sqft-'._---_._-

1550 sqft~-.._---- ..

1600 sqft------1700 sqft

1200 sqft-----._-1250 sqft

Lower Ground 2

3 Beds

3 Beds

2 Beds----.2 Beds----- ~.._---- - .._-

2 Beds----,-.

2 Beds._----. __ . _._----

2 Beds

2 Beds

1 Bed

1 Bed

E 1. Santia-_._--- - .-..-_ .•-.

E 2. Santia

D 2-Grand Back Corner

F-1-2 Galaxy--.._--------G. Type Deluxe---_._--H. Type VIP

AI-SafaHeights It II

F-11/1,i Islamabad

!I

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.'-

Annex-D

Framed structure (G+7). Marble flooring, Aluminumwindows, Prime quality sanitary fittings, WOOden doors,Provision of ward robes in all bed rooms, High quality tilesn a/l bathrooms, Provision of lift, Car parking in basement.Etc, Electrical. Telephone Wiring and gymnasium

.----_._---_ ..__ . -. -- .. -----'-_.,----------- ----._ .. -- --1680 sqft Rs. 7,500,0001- Rs.4,464/_2 Bed ---------------- - - ... -.~~'-,. __ .,._-_._._--~-_. --~----_._._--._,----1628 sqft Rs. 7,500,0001- Rs.4,607/_-._------..-."- --------------._-,----. - ..._----- ----- --..2050 sqft Rs. 9,800,0001- Rs.4,780/_3 Bed ++--_._--- ---------_ .._----

--"".--'------- -----2000 sqft Rs. 9,600,000/. Rs.4,800/_. --._-_. --._-"------- -- -----_ .._- ...... _ .._-'-~-'- .._--._-------_.- -_._-.._---- .._._---4 Bed 2000 sqft Rs. 10,200,0001 Rs.5,100/_--'--- ._-----_. __ ._._~--"- ---~------------._------~------ ----_._-- ----- -~.

ShaheenApartments

- _ ... _-- ... _--"- .•._.__ .._---- -- - ~-- ---

E-11,Islamabad

)

//

,. // Shaheen Apartments

/~----.----._-] - --Nanle of I .--.--: - I covered) - ---- .p--.- -- -T--;c-=~-----l-- _~ .. Llocatiol1_ .lIpartmenls . Accommodab~n .. __Ar.e~._ . 'Ice _.L~tlsqft . ~r~~~__~pecifications.-- Basement + Ground + Seven Floors

'ayment Terms:-

50% Down payment on bookingBalance payment in 6 equal installment on Quarterly Basis

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-/5-

-_._------------q-~--., """"'"',.,.,,','",,,",,,.,

._" .~~ •. ,_~ .~~" •• _'.'_'" .~" •••••• •. - •• _._"_;,._ •••_••• .- .,~,_ ••••~~,-~ •••,,~,.- ••.•• .,".-,~ •• ,~ ••"" ••.••..-, •••.~'_,., •. ~_ ••••••••••• ,~~~~,~ .•••• I,M •••••••••• ~., '.••.",.~~.' .~.:\ ..

Annex-E/ Khudad Heights

(G+13)Aluminumflly doors,Stand-by

Parking inftlnasium.

\

~~ . J(J1.~~

~f:,

~--_._~----,----'_.------------- ---- ----_._-----

Rs_ 8,871,5001- Rs.5,500-'--- .--- .._- - ._. -------_.- .._~----_ .._~_... _....__ ..._--"."

Rs. 10,043,0001- Rs. 5,500/---_ .._-_._---~_._--.-_.,- .._---_.,---~- .__ .. _-

Rs. 12,023,0001- Rs.5,500/-_.-._-~._-----_ .... __ ._------- ----_. Framed structUrERs. 10,978000/- Rs.5,500/-, Tile flooring,---- - ._--- ~ ..•._-- ---~._-_. - _._-- ,,-----.-

windows, Wooden

Rs. 12,661,000/- Rs.5,500/- Provision of lift,Generator, Car

------ --_. ._----- ._._----- basement., and m

Rs. 13,601,500/ Rs.5,500/-

------------ .~._-~----- ..-_._- - '--" ' -- ~-------.

sqft

sqft

sqft

~ft_sqft

sqft

----_ .._- --_.__ ._---_.--"--. -~,---,---"--

Standard 1613 schen, - _ ..-_._----.~------ - --,-_ .._.__ .-

Premier 1826 s, ..__ ._- -'---. - .__._--11 & Exclusive 2186 s

--------"--------,,. _._-----'Exclusive 1996 ~.. -..~-~-----...._,,-_. ...._ .._.__ ..".-

tchen, Standard 2302

------ --------- ----

itchen, Standard 2473,

-,---,--_._-~._-_.- ---------------- --,._--

--_..---------..---.--.--.T----- I Covered r----- -r-----r-----Accom_~_~datio~------ .. ~_Pe. -"re~ ~~~~ J CO~itls~~~ ~~~~~_~pecifiCations

2 Basement + Ground + 13 Floors

KhudadHeights

E-11,Islarnabad

40% Down payment on bookingBalance payment in three equal installments on quarterly basis.

2 Bed(2 Bed with Bath, KDrawing, Dinning, SittingServant with premiuLxclusive types only

~-_." -_._-- ._-- ---------~

3 Bed(3 Bed with Bath, KStore, Drawing, DinningSi~~.!!.g2ervar!!----

I 1 4BedI (4 Bed with Bath, K

L-L----- __~~~~~~!r~:~~~!:Dinning

\ 1

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Payment Terms:-

-/6-

'I";'I~~"~ •..~., '~~ I

",

}\', ' Fortune Residency

~.!.L~~~at;~~.[A~:;':e~:~Jf~:JAc~~nlrno~a~~~]~t::e(1--"rlce =L~~:;~-L).-- Basement + Ground + Five Floors-----

Broad Specifications

Annex.f

i~ II:~I"

i'lI

;:1

I

Mode of Payment.

Framed structure (G+5) Quality floor~g in TVlounge, Stairs & Bedrooms, Alumimn glazedwindows, Stylish and practical kito en withmarbled kitchen counters, Good qualit sanitaryfittings with bath accessories.

----------------_._------- __ . 1

---------------

o sqft I Rs_6,000,000/-

o sqft Rs. 8,000,0001-.-----------.-- ... ,-.-.- -------.-o sqft Rs. 9,000,000/--------.- .. _------------o sqft Rs. 5,500,0001-

RS.3,636/-------RS.3,750/--~-.."-RS.3,667/-

----------Rs.3,750/-

H~~~j~=i:-~~-~~~~-~;->-+--RR:-:-:-::-~-:;~o sqft Rs. 3,500,0001- Rs.4,375/-

----------- --t-- _"ii-Hs. 3,000,0001- Rs•.4,615/-o sqft

_. ------._-,------ -----_.- _.--- ----_.- - .,._,---

A 4 Bed 220---.---- .._- -----_._- --" .. _-

A-2 4 Bed 24C-~-----_ ... _-~- -. _._---

n 3 Bed 15C._--- - - --- ------- - _.- ----

f3-13 Bed 16C

.._---- ..•......•-._-~-----. - --Y CIA 2 Bed 11C

---_._~-_.- - --- - -- - --- -- - .. -. .-----------C 2 Bed 11

. -,..-...•.. - - --_._-------- --.-D/A 1 Bed 80---- -----~-----,----_.[) 1 Bed 6

._----- ---- -----~-------

For1uneResidenc

St 26, NPF,E-11 ,Islar'l1abad

--------. 1 -

35% Down Payment at the time of booking.55% in 2~ Monthly/8 quarterly installments.10% on possession.

1

I

IL_

-/7--

1. Price of type "C", "D", "E" is reduced after negotiation and now figure

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\~ L(\ ~ \~~8/~' l,r/.J \

Y ~ /REVISED FINANCIALPERPOSAL\\ /~ /

f

// Revision at Page No. (3)

NOTE:

Iprice ofRs.4650/- per Sqft is reduced to Rs.4550/- per Sqft for type "C"

and Rs.4450/- per Sqft for type "D" and Rs.43.50/- per Sept for type "E".

2. Basement comprising of two car parkings shall separately be sold to

allottees , if it 'Vvould be mandatory by CDA other wise it would be

optional.

(I

I

3. Such leases or trz'.nsfer of ownership shall be made in favor of allottees on

payment of full price. However allottees may' be entitled to for the transfer.

of allotment to any other person.

4. Cost shall be inclusive of circulation area except parking area .

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I

I

'-~~~-=_,~':"7', .•- .••J I-- --.-- - ----' -------- '_J

1

INITIAL BUSINESS PLAN/FINANCIAL PLAN

PLOT SIZE

FAR

CONSTRUCTION AREA

BASEMENT (TWO FOR CAR PARKING)

SALEABLE A.REA

NO. OF APARTMENT

GOVT EMPLOYEES (75%)

GENERAL PUBLIC (25%)

GOVT EMPLOYEES

220800 (sqft), 24533.33 (sqy)

8

1798211 (sqft)

389162.39 (sqft)

1409048.61 (sqft)

1400

4650 (Rate per sqft)

5100 (Rate per sqft)

II..!?

LAND COST 2000 (sqft)

CONSTRUCTION COST 2550 (sqft)

SELLING, MARKE71NG & OPERATING EXPENSES 100 (sqft)

TOTAL PROJECT COST 4650 (sqft)

LAND COST

CONSTRUCTION COST

2

3596422000

4585438050

SELLING & MAR.KETING & OPERATING EXPENSES

TOTAL COST OF PROJECT

TOTAL SELL OF PROJECT

PROF!T BEFORE TAX

TAXATION -35%

PROFIT AFTER TAX

PROFIT DISTRIBUTION

FGEHF 50%

LAND LINKERS 50%

OTHER CHARGES

FGEHF MANAGEMENT FEE

LAND LINKERS MANAGEMENT FEE

179821100

8361681150

8563979887

202298737

70804558

131494178

NEGOTIABLE

NEGOTIABLE

,_-

III

3

GOVERNMENT EMPLOYEES (per sqft rate 4650)

TYPE

TYPE-A

TYPE-B

TYPE-(

TYPE-D

TYPE-E

SIZE

1800 SFT1500 SFT1100 SFT900 SFT

700 SFT

Revised

455044504350

TOTAL PRICE

83700006975000500500040050003045000

GENERAL PUBLIC (per sqft rate SlOO)

TYPE

TYPE-A

TYPE-B

TYPE-(

TYPE-D

TYPE-E

SIZE

1800 SFT1500 SFT1100 SFT900 SFT

700 SFT

TOTAL PRICE

91800007650000561000045900003570000

1\lif!

---, ., -~ ~L 'or"---

.,' __ -- 1 .

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~ V' ;

,A,mir Shahzad Khan

Managing Director

,.,

Silver Oaks

COMPARATIVE STATEMENT OF COST OF APARTMENTSrI

(Ground + Ten Floors + 2 Basements)I!

ICovered Area Cost Per i Total Cost I{Sqft} (Soft) II 580 12069 I 70000201430 7343 ! 105004901750 8286 i 145005002100 8833 I 185493003750 6933 ! 25998750I

Khudadad Heights

I(Ground + 13 Floors + 2 Basements)Covered Area Cost Per

ITotal Cost I(Sqftl (S9ft)

II1613 5500 i 88715001826 5500 I 100430002186 , 5500 120230002302 5500 126610002473 5500 13601500

I FGEHF, G-13, Apartments!

ICovered Area Cost Per

Total Cost(Sqft) (Soft)1800 3780 68040001500 3780 56700001100 3780 4158000900 3780 3402000700 3780 2646000

Shaheen Apartments(Ground'" Seven Floors + Basements)

Covered Area Cost PerTotal Cost(Sqft) (Sqft)

1680 4470 75096001628 4600 74888002050 4800 98400002000 4900 98000002000 5100 I 10200000

AI - Safa Heights I(Ground + 5 Floors + 2 Baser-:ents: iCovered Area I Cos, Per I Total Cost !{S_qf!l I (Soft) ,2680 4739 127005202950 5424 160008003250 4462 145015001700 4647 78999001550 4647 7202850

I

._---_ .•. -_._---_._------~._-----_ .._-_. -----_._._----_._------"'-"--- --_ .._~---------------_._._" ._-~._-_._.-"'--

COMPARATIVE CONSTRUCTION RATES OF COMPANIES"" - ..._-~-~--- - -- ~

PROJECT NAME COMPANY NAME CONTRACTING COMPANY CONSTRUCTION RATE______ m____ ._- .. .. :::s=_ _

HILLY TOWER D.H.A IZHAR GROUP RS.2800/-~--------------_._---------- ----------._--------- -._---------. __ ._----_._ .•_-------- ------- ..._----.-------------AL GHURAIR GIGA MAL YSIAN. CO RS.3200/-'---_._--"--'-'--'._-"----'_._-"- -_._---". __ ._--------_._---_ .•._- ...._--- --"----------_._---_._-"."""._----_. -.._-- .. _---------~-----

PWD RS.2800/-._ ...~-_._._--_._---_._.--.._ ... ,._."."-.-,_ ..._".- ...~--_..._-- _. __ ... _ ....•_---_.__ .__ ..__ .. "-" ..~_.._" --------------- _ ...,,-------FGEHF.G-11 C.D.A SHAHZAMAN CO HS.2600/-"-----,-_._-_. __ .•._--_._-_._-_.. .-._--"'"_._-_ ..._----.---"_.,_._-- _. -_._-- --_.__ ._---_._----_._-._~_._--"" .._ ..

-(23 -

..C:.!I'!i!

1'1:L

COM~!\RATIVE STATEMENT OF COST OF APARTMENTS ~NN~X -.ill.~

:li:ID,I

t'I;,

-- ---_ ..... -AI-Safa Heights # II Khudad Heights

((~round + (2 Bilsement +____ ? ~~)orsL .... __ C;;round + 1~ rl_o~~sL

Covered Cost! Covered CosUArea sqft A III a sqft(sqft) _~.\ns) !~qtt) (Hs)

2GnO 4,739/- 1fi13 5,500

;>72:) I 4,734/-

11,!l11

II~

IIIi

5,1(0/_

5,1901_

4,650/-

4,5501-

~~=~I 5~~_30{~~=14:~50/- I =,_3~_0/_ J

---_._- ---

E-11

L;i;iCiLink-;rs- -(2 Basermmt + 2 L.G. + Ground;

~4Ji':JSl~L.._CostJsqtt (RS)

For F.G.E

(witholJI -- --(withcar p~rkin£1.l _ car parking)

4,650/- 5,040{.

TOO

900

1IHIO

1500

1100

CoveredArea(sy~)

Gen. Pub

CosUsqft ([-<5 )

G-13

F.G.E

3,7501- 1800 3,780/-' 4,200/-. ._---- -

3,667/- 1500 3,780/.* 4,2001-----~ - ._- --~- --_. - ----. -~._-

3,750/- 1100 3,780/-> 4,200/---~,-- ----3,909/- 900 3,7801-> 4,200/.

._---- .'.-._._-- ---- -------~ -------

4,255/- 700 3,780/.' 4,2001------------- ... -

, doesn't include subsidy of Rs.4,375/. I 215/sqft which HF is to pass on to

Jb.8JlITlPloye~__ ___ .. ~__._4,615/-

E-11E 11

162fl 4,6071- 2400----'-_.--.

2050 4,780/- 1500-----~. --- -'--.- - .-.~--+---

2000 4,8001- 1fiOO------ -. - ._.

2000 5,100/- 1100

11 T5--~_.- ._----

BOO

650

Shaheen Apartments Fortune Residency - --- - ----- FGEHF------(Basement + (Basement +Ground + G-13, Apartments

__ G.f._O':l... n~..+?_!~()r~ 5.. FIOI~~)-_._-.-.- Q .!?.'lserner"t-~-C;;!().':'.f:l.(j.:J4 I-Ioors)Covered Cost! Covered CosU Covered

Area sqft Area sqft Area(sgftL (Rs) (s_yft) E~sl (sqft)

1680 4,464/- 2/00 3,636/-

E-11

1B26 -r- 5,50~;:2186 5,5001-

1996 5,500/-.... _--

230? 5,500/--- -- - -~------

2473 5,5001-

4,6471-

4,625/-

4,586/-

4,645/-

4,529/-

4,813/-

F -11

1~i:)O

1700

1 TOO

1fiOO

2115

1600

[--- . F.11 j

-.AI.Sata-Heights-ti-j ,(Ground Floor +

4 Floor) _.Covered Cost!

Area 5qft_.(~qft) (Hs.)

29S0 5,424/.

2950 5,017/-

3250 4,462/-

3150 4,508/-------

240() \ 5,208/-

2COO I 5,536/-

2fJOO 5,000/-

-----

1000 6,000/-

1 )()() I 4,833/-

1250 I 4,1100/-

~;?Lt- <..

'(