The Address is high-class upcoming grand project at Main Expressway, Bahria Town Phase 7, Rawalpindi. It reflects sheer elegance, creativity & state of the art style. Its fulfilling a complete array of Living, Working, Entertainment & Shopping needs under a single roof. The Address directs your dream into reality. Since this area lacks the indoor shopping mall. Thus, The Address going to be a great investment opportunity in this regard.
The Address features world-class indoor shopping mall, well-equipped corporate office & fine serviced-apartments. It is showing the wonders of its architecture. The Address is only place where expectations meet reality. Its a great blend of expert engineering, proficient craftsman & innovative art.
Finest panoramic views are offered at corporate suites. Its specially designed for conducting business works. It would be present on highest level of the building.
In the shopping mall, it is presenting more than 300 signature outlets that cater haute couture demands. It would be paradise for latest elite fashion. In order to cater everyday needs, it features hyper market offering everyday life essentials. As food court is vital for shopping malls. Cafes, coffee shops, fast food & branded restaurants including local & international cuisines which are there to sate your appetite.
Moreover, it is presenting IMAX screen first time ever in Islamabad & Rawalpindi. You can have the best gaming experience at Fun Planet here. Gym, Spa & business centers occupy separate floor to entertain their visitors.
The Address sprawled over an area of 41 Kanals. The Address Master Plan is planned to be a 23 storey Tower with three underground basements for parking.
LG or lower ground is dedicated to a hypermarket. Followed by G, G2, 1st floor & 2nd floor are focused to towards the mall & its commercial activities. The 4th floor will present Fun Land and Food Court. 5th floor features Fine Dining and 4D Cinema. 6th floor offer various amenities including Spa, Gym, Cigar Lounge Swimming Pool & Sauna. Meanwhile, 7th floor will have a dedicated business complex.
Apart from these, 2 towers are also planned. Out of which one is reserved for corporate office & the other will be featured as serviced apartments. These two towers will be comprised of 23 floors. Meanwhile, each floor has its own layout depending upon the purpose.
The Address perfectly situated at Main Expressway, Bahria Town Phase 7, Rawalpindi. It is located on the main service road. Further, Wallayat Complex considered as a commercial hub for shopping brands & markets in Bahria Town.
Furthermore, it is also reachable through Defense Housing Authority (DHA) as Bahria Town is adjacent to it. Moreover, it can be conveniently approached through Grand Trunk Road from any part of Rawalpindi & Islamabad. In short, it can be said that Location of The Address is on a perfect spot.
The Address is being presented as an infrastructure that will be one of a kind. It is actually bringing the international standard facilities in our local market that is never witnessed before in the suburb. Following are a few salient features of The Address:
- Chic & elegantly designed infrastructure
- Home for national & international brands
- Surveillance & Security
- Indoor Tennis/Squash Courts
- Well-planned parking areas
- Fully equipped hyper market
- 100% supply of utilities
- Well-facilitated corporate offices & apartments
- Appetizing cuisines & dinning
- Cafe, Coffee Shops & Fast Foods
- Swimming pools, Gym, Sauna & Spa
- Elevator & escalator
The developer of The Address is Falaknaz Group. Falaknaz Group is one of Pakistan’s leading Real Estate Developer, with majority of its projects from Karachi, this developer is well know in the largest city of Pakistan. Operating since 1970 with their first project being delivered in 1975, it is not just a real estate tycoon but also has investments in residential project, housing, hospitality, textile, real estate, construction, telecommunications, financial services & property management. Currently has more than 16 projects completed & 6 on going projects operating this developer specializes in ultra luxury & innovative residential projects.
Till now, The Address NOC is not acquired by the developer. They are working hard in attaining this & are optimistic on getting solid results.
The Address is offering bookings on first come first served basis. Price of units made on per Sq. Ft. The price for each Sq. Ft differs for each floor. Presently, it is available on 4 year quarterly installment plans. They are planning to complete the project in 2024. The price of each commercial space / Sq. Ft for particular floor given below:
- For Lower Ground, PKR. 28,000/ Sq. Ft
- For Ground (G1) Floor, PKR. 42,000/ Sq. Ft
- For Ground 2 (G2) Floor, PKR. 37,000/ Sq. Ft
- For First Floor, PKR. 30,000/ Sq. Ft
- For Second Floor, PKR. 28,000/ Sq. Ft
- For Food Court, PKR. 41,000/ Sq. Ft
- For Fine Dining, PKR. 25,000/ Sq. Ft
- For Service Apartments, PKR. 18,000/ Sq. Ft
The Address Price plan stated Booking starts from 20% down payment. Please keep in view the developer is no longer selling the corporate offices.
Firstly, digging has been done while the project soft launch has taken place. The client is waiting on the NOC to start proper construction of the mega project.
AMMANAT EXPERT OPINION
In terms of investment The Address is a long term investment option. If you are opting for Capital Appreciation this is a good option. This is a luxury commercial/hotel suits option in bahria town & will be a remarkable project once completed. With a 41 kanals of plot 2 buildings & a minute detail to attention this is a Mega project. Keep in view they are going to give the serviced apartments to a 5 Star Hotel with a mall to cater every type of clients need.
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The only hurdle is the legality of this project which officially does not have NOC. However the developer is well known in Karachi Falak Naz is well known name. Overall a super luxurious project with a solid developer with good market credibility, this is one of those developers that you know will deliver. With 16 projects delivered & 6 underway your money is going to be well spent. Another interesting aspect which if you read the contract into detail is that if the developer is unable to deliver by December of 2024 they are bound to pay you 4% of your total investment annually as a penalty. This is a two way stream & is great for any investor who wishes to invest safely & bound the developer to his commitment.
With an outstanding location in the heart of phase 7 Bahria Town, expect good capital appreciation. Keeping all these factors in mind we would rank it 7/10 if you are planning to get good returns in the mid to long run or planning to live here this will be an amazing option.