Falaknaz Sky View Tower Korangi Creek Korangi Creek Cantonment

Description

The Falaknaz Skyview Tower (often referred to as Falaknaz Skyview Towers) is a high-profile mixed-use project by the Falaknaz Group. Based on the details you provided, here is a breakdown of the investment for a ground-floor shop: Project Overview Location: Situated in Korangi Creek, Karachi, directly in front of IBA University (Cantonment area). This location is considered high-value due to the student population and the proximity to the Korangi Industrial area and DHA Phase 7/8. Property Type: Commercial Ground Floor Shops. Financial Plan The figures you provided align with the current pre-launch or early-phase booking rates for the project Category Details Total Cost PKR 3,564,000 Booking Amount PKR 700,000 (approx. 20%) Installment Period 48 Months (4 Years) Estimated Monthly Payment Approx. PKR 45,000 50,000 (depending on balloon payments) Key Highlights for Investors High Visibility: Ground floor shops in this area typically attract high footfall from university students, faculty, and residents of the upcoming luxury apartments in the same tower. Builder Reputation: Falaknaz Group is a well-established name in Karachis real estate (known for projects like Falaknaz Dreams, Harmony, and Presidency). Amenities: The tower is designed to include modern features like high-speed elevators, 24/7 security, and dedicated parking for the commercial area. Important Considerations Possession Charges: Often, the "Total Cost" covers the unit price, but additional charges for documentation, utility connections (gas, electricity, water), and "West Open" or "Corner" premiums may apply. Development Status: Ensure you verify the current construction stage on-site to gauge if the 48-month timeline matches the physical progress. Rental Yield: Given the proximity to IBA, these shops have strong potential for rental income, particularly for cafes, stationery/print shops, or pharmacies

Amenities

Map

Korangi Creek Cantonment, Korangi