RIYADH, 18 November 2006 — Pakistanis and non-Pakistani expatriates have been offered a chance to own properties in the upscale $537 million Centaurus project in Islamamad, which was inaugurated by Pakistani President Pervez Musharraf in October this year.
“It is a landmark project by Pak-Gulf Construction Limited (PGCL), a joint venture by Riyadh-based Tamimi Global Limited and Islamabad-based Sardar Builders,” said Zaheer Khan, PGCL marketing manager, to a group of expatriates at a city restaurant in the capital.
He added that the purpose of the meeting is to tell the expatriates of the company’s product in order to give the people an opportunity to own a property in an elite area in the Pakistani capital.
“The Centaurus project will be built in a spectacular area of seven acres in the heart of the capital that offers wholesome climate and lush greenery,” said Khan, adding that it will include a five-story shopping mall, two residential towers, a corporate complex and a seven star deluxe hotel.
The Centaurus is located in sector F-8 of Islamabad. The site is at the confluence of two of the city’s main avenues — Jinnah and Faisal.
Atkins, the fourth largest design firm in the world with its current portfolio including clients and projects in over 80 countries spanning all continents, will be the architects of the project.
Shamreez Khan, area manager of Tamimi Global Company Limited indicated that the project will take four years to complete and those interested can pay a down payment of 20 percent of the value of the property and the balance in 14 quarterly installments. The remaining three percent of the value could be paid while taking possession of the property, he added. A 15-percent discount will be given to those buyers who make a lump-sum payment. He pointed that buyers could avail of bank loan facilities and the ownership of the property is also transferable.
The other salient features of the property include, earthquake resistance up to 9.5 Richter scale to meet international standards, a comprehensive fire-fighting system based on British and American standards and maintenance to be done by a management company.
