Property on Installments in Islamabad and Rawalpindi: How to Read a 36-Month Plan

How does buying property on installments work in the twin cities?

Across Islamabad and Rawalpindi, “qist par flat” adverts all use the same three building blocks, just in different proportions: an amount at booking, a series of instalments (monthly, quarterly or a mix) and a lump sum at possession or handover. Some add balloon payments every six months. The headline monthly figure is only one of those blocks – often the smallest.

The way to compare plans fairly is to rebuild each one as a cash calendar: how much leaves your account at booking, in each year of the plan, and at the end. This guide does that for Skyra Tower, on Plot 656 in the Business District of Bahria Town Phase 8, Rawalpindi – not Islamabad, though it sits within the twin-city area many Islamabad buyers search. Its developer, Creation Developers (Pvt) Ltd, uses one plan for every unit.

What does 30/65/5 over 36 months mean in rupees?

Thirty per cent of the price is due at booking. Sixty-five per cent is split into 36 equal monthly instalments. The last five per cent is due on possession. There are no quarterly or half-yearly balloons in this plan, so the calendar is simple: one large payment, three flat years, one small final payment.

Two quick checks help when you read the schedule. Twelve instalments equal 21.67% of the price, so each year of the plan costs a little over a fifth of the total. And more than half the price – 51.67% – is paid by the end of year one, because the down payment and the first twelve instalments fall in it. Plan your savings around that first year.

Worked example: a studio on qist

The Type F studio is 440 sq ft at PKR 6,600,000 on the developer’s current schedule, confirmed at booking; units 513 and 613 are on the current list. It is one room for sleeping and sitting, with its own kitchen, bathroom and balcony.

The monthly figure is rounded on the schedule, so the yearly totals are approximate. If PKR 119,167 a month is comfortable but the PKR 1,980,000 booking amount is the obstacle, that is the number to save towards first.

• At booking: PKR 1,980,000.
• Year one instalments: 12 × PKR 119,167 – about PKR 1.43 million, so roughly PKR 3.41 million out in the first year including booking.
• Years two and three: about PKR 1.43 million each.
• At possession: PKR 330,000.

Worked example: a one-bedroom on qist

The Type B one-bedroom, 600 sq ft at PKR 9,000,000, has the cleanest numbers in the building and is the most widely available – eight units across the 5th and 6th floors. Its calendar looks like this:

If you want to shave the monthly figure, the Type E one-bedroom (560 sq ft, PKR 8,400,000) is PKR 2,520,000 at booking, PKR 151,667 a month and PKR 420,000 at possession – about PKR 10,833 a month less than a Type B, for 40 sq ft less space.

• At booking: PKR 2,700,000.
• Year one: 12 × PKR 162,500 = PKR 1,950,000 (PKR 4,650,000 in year one with the booking).
• Year two: PKR 1,950,000.
• Year three: PKR 1,950,000.
• At possession: PKR 450,000 – a total of PKR 9,000,000.

Worked example: a two-bedroom on qist

The Type A two-bedroom is 1,050 sq ft at PKR 15,750,000 – two equal bedrooms, each with its own bathroom, either side of a central balcony. Units 501 and 601 are on the current list.

The larger two-bedrooms step up gradually: a Type D at 1,225 sq ft (PKR 18,375,000) is PKR 5,512,500 at booking and PKR 331,771 a month, about PKR 47,396 a month more than a Type A. For most households the booking amount, not the monthly, decides which two-bed is realistic.

• At booking: PKR 4,725,000.
• Year one: 12 × PKR 284,375 = PKR 3,412,500 (PKR 8,137,500 in year one with the booking).
• Years two and three: PKR 3,412,500 each.
• At possession: PKR 787,500 – a total of PKR 15,750,000.

What do “easy installment” adverts leave out?

The monthly number is designed to look small. Before you sign any instalment plan in Islamabad or Rawalpindi – including at Skyra Tower – get written answers to the questions an advert never prints.

Also ask what the same unit costs if you pay in full. At Skyra Tower the sales desk currently offers 15% off for full payment – a Type B becomes PKR 7,650,000 – with no published end date, so confirm it in writing at booking. The gap between that and PKR 9,000,000 is what the instalment route costs you.

• Is the price fixed for the whole plan, or can it change?
• What is the late-payment charge, and after how many missed instalments can the booking be cancelled?
• What refund do you get if you cancel, and how long does it take?
• Can you transfer the unit before the plan ends, and at what fee?
• Are instalment dates fixed, and will every payment get an official receipt?

How do you choose the right unit for your budget?

Work backwards from what you can pay every month for three years with a buffer, and from the cash you have today. If you have PKR 2 million saved and can manage about PKR 120,000 a month, the studio fits; around PKR 2.7 million and PKR 165,000 a month points to a Type B; around PKR 4.7 million and PKR 285,000 a month opens the two-bedrooms.

Next step: WhatsApp the sales desk on +92 333 5172786 and ask for the written payment schedule for your exact unit with every instalment date listed, then compare it with the plan on our payment-plan page and book a site visit.