New Metro City Gujar Khan Announces Development Charges
New Metro City Gujar City is a large-scale housing project in Gujar Khan, in Rawalpindi District. NMC Gujar Khan is a mixed-use society that offers a wide variety of residential and commercial plots. It is a project of BSM Developers, a widely famous development firm. Recently, the administration of New Metro City Gujar Khan announced the long-awaited development charges for residential and commercial plots.
Contrary to the expectations of realtors, investors, and potential customers, the New Metro City Gujar Khan development charges are quite high, therefore, raising concerns amongst the masses. However, the investor community and real estate dealers have requested the administration to reconsider the development charges and renounce more affordable charges against plots.
Responding to the concerns of people, the developers have assured that the development standards are quite high, hence the high development charges. Representatives of the society also said that development charges are necessary to cover the plot’s development cost in the long run. However, investors and customers are dissatisfied with the implemented charges. It is also likely that the developers reconsider them.
NMC Gujar Khan Residential Plots Development Charges
The development charges of residential plots of NMC residential plots are given below:
5 Marla Development Charges
- Total Development Charges: PKR 1,475,000
- Initial Payment: PKR 295,000
- 24 Monthly Installments: PKR 30,500
- 8 Quarterly Payments: PKR 56,000
7 Marla Development Charges
- Total Development Charges: PKR 2,065,000
- Initial Payment: PKR 415,000
- 24 Monthly Installments: PKR 42,900
- 8 Quarterly Payments: PKR 77,500
8 Marla Development Charges
- Total Development Charges: PKR 2,360,000
- Initial Payment: PKR 475,000
- 24 Monthly Installments: PKR 49,000
- 8 Quarterly Payments: PKR 88,500
10 Marla Development Charges
- Total Development Charges: PKR 2,750,000
- Initial Payment: PKR 550,000
- 24 Monthly Installments: PKR 56,600
- 8 Quarterly Payments: PKR 105,000
14 Marla Development Charges
- Total Development Charges: PKR 3,500,000
- Initial Payment: PKR 700,000
- 24 Monthly Installments: PKR 72,600
- 8 Quarterly Payments: PKR 132,000
20 Marla Development Charges
- Total Development Charges: PKR 4,000,000
- Initial Payment: PKR 800,000
- 24 Monthly Installments: PKR 83,300
- 8 Quarterly Payments: PKR 150,000
40 Marla Development Charges
- Total Development Charges: PKR 6,000,000
- Initial Payment: PKR1,200,000
- 24 Monthly Installments: PKR 125,000
- 8 Quarterly Payments: PKR 225,000
NMC Gujar Khan Commercial Plots Development Charges
The development charges of residential plots of NMC commercial plots are given below:
2.66 Marla Development Charges:
- Total Development Charges: PKR 1,990,000
- Initial Payment: PKR 400,000
- 24 Monthly Installments: PKR 41,250
- 8 Quarterly Payments: PKR 75,000
5 Marla Development Charges:
- Total Development Charges: PKR 3,490,000
- Initial Payment: PKR 700,000
- 24 Monthly Installments: PKR 72,625
- 8 Quarterly Payments: PKR 130,875
8 Marla Development Charges:
- Total Development Charges: PKR 4,950,000
- Initial Payment: PKR 1,000,000
- 24 Monthly Installments: PKR 102,900
- 8 Quarterly Payments: PKR 130,875
NMC Gujar Khan Official Development Charges Plan
The snapshot of the official development charges plan is given below:
Conclusion
It is important to mention that development charges are additional charges and are different from the purchase price. As you can see the charges are high, however, the management may reconsider them. However, for now, the customers are obliged to pay them. Installments are also available for customers who cannot pay these charges at once.
Stay tuned to Manahil Estate for more useful information!
