FAQ's
Instead of paying rent, it is better to keep paying installments for the apartment, all the installments amount is more than rent but you are ultimately becoming the owner of your apartment.
In the last one and a half year, the dollar has doubled in value while the prices of construction materials like steel, cement and finishing materials etc has increased almost three times since dollars can"t compete price like in construction.
flat/apartments is a much better option as per cost of living factor because utilities like gas, electricity, water etc are much more economically manageable.
apartments are a much better secure option offering a better camera system with security guards posted . The access to residential units of any apartment buildings is allowed to its residents only. This model is missing in houses.
It is much safer to live in high rise buildings in case of earthquakes because after 2005 earthquakes pakistan engineering council has revised buildings codes every highrise building has to be constructed to survive minimum 8.5 realtor scale earthquake. while no such criteria is applicable for house construction.
Investments in apartments is a much better profitable option because the cost of constructions is addressed and once completed you can put it on rent while in plots neither the cost of construction is addressed nor you can put it on rent.
Keeping the plot with the hope of recovering your loss is not suggested as there is no foreseeable increase in demand for plots. The main reason is that now the end user can not afford to contruct a house. It is better to shift to investment in apartments , recover your loss and gain some projects.
To ensure this aspect , fortune buildings.com platform completely scrutinizes the project, goes through its developer history and reputation and analyzes the financial muscle of the company . After complete satisfaction on all these aspects only then the sales agreement is signed with that developer and made part of this website.
No, fortune buildings does not offer any such investment option where you will get a monthly return on your investment.
No, its is not the same rate for every high rise building and there are few determining factors such as:
1. Location of the project.
2. Amenities offered by the project.
3. Is it a luxury suite apartment or not.
4. Is it serviced apartment or not.
5. Number of floors heights of the buildings and few other factors
In some projects, parking is included as part of Apartment package but there are few projects where car parking is either outdoor or it is charged separately. We at fortunebuildings.com will brief you in details about all these aspects of every project separately.
Along with digital platform we definitely have a physical office presently at Bahria Town Phase 7 near Shaheen Chowk also we hope to expand our offices to other cities sooner Inshallah.
No, the amenities offered by every project are different. These may include masque, gym, swimming pool, laundry, and certain others but vary from project to project. also this becomes one of the determining factors when calculating per square feet of the project.
It is a simple matter of understanding, whenever you buy a specific apartment so its Total area is mentioned. Now for example the size of your apartment is 1000 square feet, and the per square feet rate is 9000 PKR so simply multiplying 1000 with 9000 (rate of each square feet) it makes 90 lacs, which would be the price of Apartment you are buying.
Yes, you should invest even if you do not have the complete money to the end, you can continue paying for one to one and half year in shape of installments, you can sell it and earn a good profit over your investment but keep arrangement for minimum 1 year installments at least to get a good return over your investment.
Yes, it is the perfect time to invest in high rise projects, we tend to mix up investing and plots with investing and high rise projects. All those people who are unable to afford a house now will be shifting to apartments because supply and demand is going to change whatever Apartment you will buy and one crore today and installments you should not be able to buy and 2 crores and cash after 2 years.
If you are hoping that your plot will give you a lot of profit and recover the loss, generally it is not going to happen because there is no foreseeable increase in demand for making houses over plots. Although it's a tough decision, it's better to sell it on a loss, invest in high rise projects and recover your losses.
at fortunebuildings.com we are scrutinizing every project, going into all details and educating you about all the aspects we are making only authentic projects part of this platform. This is your motto that we will recover the lost trust Inshallah.
Yes, it is the same is shown in the models or promo videos because these models and animations are developed after the complete approvals of maps and designs from respective authorities. Minor graphic variations might be there.
Yes, every building constructed per by laws more than four story has one or more lifts. High rise projects means more than four stories so all high rises have lifts.
Yes, it is very suitable for elderly people to leave an apartment. They have all the amenities available on the service floor like mosque community Hall and even some high rises offer first aid medical service and their service floor. Secondly lifts are available. They can enjoy balcony views and lastly it is much easier for them to manage an apartment.
Electricity backup systems for lifts are there in every high rise building. Rest for over all building electricity backup variess is from project to project. Some offer complete backup whole some don't we shall brief you about all the projects and detail.