Karachi: Falaknaz Excellency, a recent addition to the existing real estate portfolio of Dynasty Properties offering an impressive 5-6% annual rental yield, has become the ‘latest investment sensation’ in the city, according to market sources. The high-rise residential complex promises 40-50% capital gains in the next 3 years, making now the perfect time to invest in the project.
Falaknaz Excellency is located off the Main Jinnah Avenue in Scheme 33, Malir Cantt; lying in proximity to several important city developments such as the Jinnah International Airport, Gulishan-e-Jauhar, Karachi Race Course, and the University of Karachi.
Due to its superb positioning and the fact that the project’s developer is widely respected for guaranteeing on-time deliveries, the apartment units in Falaknaz Excellency, available in 2, 3 and 4-bedroom formations, are currently selling like ‘hot cakes’.
It is also worth noting that during the last one year, Scheme 33 remained the most popular neighbourhood in Karachi among people looking to buy property in the city.
RENTAL YIELD & MARKET DEMAND
As per the real estate experts operating in the metropolis, the rental market of the port city is ‘pretty active’ these days. This observation is further borne by the fact that Zameen.com itself has sold over 1,500 apartments during the last one year here; though the fact remains that Karachi is still short on high-quality apartment projects designed exclusively for family-living.
FEATURES AND AMENITIES
The project spans an area of 2.5 acres and features three residential towers bearing ground-plus-17-storeys each. And unlike other high-rise developments in the city, you will find the project’s community features given special placement priority over the common space falling outside of the covered area of these structures. This construction arrangement imbues the project premises with a happening ambience – with its shared facilities lying in easy reach of all residents.
The meticulously planned and executed Falaknaz Excellency is designed for families seeking comfort and security without having to compromise on construction quality and the availability of modern amenities. You can find the complete details on these offered facilities by visiting Falaknaz Excellency’s project page.
Malir Cantt is all set to become the next big destination for buying apartment units as the neighbourhood has lately seen the addition of a number of high-rise residential projects (and is anticipated to see more). As compared to the more-crowded areas of Karachi, the price of apartments here is quite reasonable at the moment; accounting for the primary reason behind the locality’s existing, overwhelming demand seen among investors.
APPROVALS AND NOCS
The project has received its no objection certificate (NOC) from the Cantonment Board Malir (CBM) for sales and advertisements purposes; based on the building plan shared by Dynasty Properties with the authority.
The high-in-demand Falaknaz Excellency apartments are available on a 4-year payment plan – rightfully making the deal a hard-to-ignore prospect for many, as sources confirm. The developer requires 30% of a unit’s total amount to be paid in down payment upfront, while the rest can be cleared in 48 monthly instalments.
HOW TO BOOK AN APARTMENT IN FALAKNAZ EXCELLENCY
To address all your queries and guide you on the purchasing process, our sales centre is open 24/7. If you are based in Pakistan, call us on: +92-21-111-333-333 today!
The Sales Centre number for callers in UAE is: +971-4-4378010.