Islamabad: The Federal Government Employees Housing Authority (FGEHA) shared the development progress of the Life Style Residency project in Islamabad, according to news shared on October 31.
A senior official of FGEHA (whose name was not disclosed) mentioned that the grey structure of 680 apartments in Life Style Residency was near completion, while the block of 468 apartments was under construction. It was mentioned that once the civil work on the remaining apartments gets into a tangible shape, balloting for 1,149 apartments will be held. It was disclosed that with the increase in the price of construction materials, the cost of the project has increased, which will make the original timeline unviable.
Moreover, the senior official, talking about balloting Category ‘C’ apartments, mentioned that no member paid full payment till 2015 as the payment schedule concluded on March 31, 2021. He went on to say that all the members agreed to the terms and conditions of the project. It was mentioned that in case of any delay in handing over the possession, due to unavoidable circumstances, the allottee will not be entitled to claim compensation from EHFPRO – the construction company.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
