Life Style Residency: 680 apartments’ grey structure near completion
The grey structure of 680 apartments in the Lifestyle Residency project is nearing completion, a senior official with the Federal Government Employees Housing Authority (FGEHA) told the media.
According to the sources, voting for the entire lot of 1,148 flats would be done collectively in order to reduce the possibility of discrimination among the members.
The FGEHA official further explained, “As soon as civil work on the remaining apartments completes and the units get into physical shape, the FGEHA would hold the balloting ceremony.”
He added that all the members had agreed to the project’s terms and conditions, as stated in the Provisional Offer Letter (POL) that, “in case of any delay in handing over possession of apartment due to unavoidable circumstances, the allottee shall not be entitled to claim compensation from the construction company.”
Responding to a question about the project’s delay, the FGEHA official stated that the entire cost of the project unusually increased as a result of the rise in the pricing of construction supplies and vowed that the project would be completed soon.
It is to be mentioned that Lifestyle Residency Islamabad is a high-rise luxury residential apartment project being developed in sectors G-13/1 and G-13/4 by FGHEHA, the Ministry of Housing and Works, and EHFPRO.
Recently, the Federal Secretary, Iftikhar Ali Shallwani, also gave FGEHA the go-ahead to resume and accelerate the pace of development work at the Lifestyle Residency Apartments of Lahore.
Moreover, FGEHA and the Azad Jammu and Kashmir (AJK) government agreed to launch a housing project for the locals in Rawalakot, news sources reported.
In this regard, an agreement has been signed between the two parties to bridge the housing gap for the people of the valley. The agreement says that the FGEHA would offer technical and managerial assistance regarding planning and designing cost estimates, engineering, development work’s execution, and supervision.