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Lahore Real Estate Forum: Property News & Community Talk : ,

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Saturday, April 30, 2011 06:20 PM 

I need some information about investment in Centaurus Islamabad. Today I saw pictures on the website.

abc123 replied on Sunday, May 1, 2011 03:23 AM 

Dear bhool jao, it's very expensive. Also, reportedly, their management has virtually stopped the ongoing work because some high-ups are demanding huge kickbacks which the management of Centaurus has refused and is not willing to pay. The present pace of work is just creeping only to show the people that something is going on.

Rest Allah Knows the Best .....

SAJ replied on Sunday, May 1, 2011 04:22 AM 

Dear Mr abc123. Please follow the last beautiful line of your mail and don't spread baseless rumors.
I work with the Saudi investors to this project( a very renowned group) who have already spent millions of dollars on this project; how can they stop now when completion is in sight. In fact work is in full flow but mainly on the inside finishes that is usually not visible as compared to the structural work that is already complete. Shopping mall will be shaping up by the end of this year. Already a number of renowned franchises have signed up their interest (latest entry is the Cinpax Co. who have singed up for 5 screens Cineplex). A renowned Turkish architect firm has designed the interiors and now working on the details of the same. Another Turkish firm (whose employees can been seen in the pics) are working on the outer glass of curtain walls.
As far prices are concerned these are quite compatible with the surroundings ( ask people from Islamabad for prices of the sectors like F6,F7 and F8) where demand of rentals is in US$. However, still very reasonable opportunities are available in the shopping mall of the project.

Our problem as investors is that ,being myself an overseas Pakistani, we always miss the timing of the investments. This project is gonna very soon been be the point of attraction with a big bang( lack of proper marketing and PR activities have the problems with this project that have been taken care of now).
I have submitted my knowledgeable honest opinion. Cheers!

FromKSA replied on Sunday, May 1, 2011 08:45 AM 

Problem of this website is that there is no expert opinion. I need some serious advice base on personal experience. If anyone has invesetd here he should write his experience please.

Aamir replied on Sunday, May 1, 2011 11:56 AM 

Mr Abid Saeed was the marketing officer of Centaurus project. He left this company due to some problems in the project.

FromUSA replied on Sunday, May 1, 2011 10:22 PM 

Aamir, Your answers are usually irrelevant. Many people leave companies all the time.

FromKSA, sorry to say but I don't believe the users of this site have such deep pockets to invest in Centaurus. It's a very expensive project.

ahmed replied on Monday, May 2, 2011 02:44 AM 

you might not find anyone on this website who have invested in Centaurus. but it is fact that work is in progress and i agree with SAJ. however, yes due to lack of funds and slum in international property market they have long stopped work on 4th tower i.e. 'hotel' project for the time being at least. may be mr SAJ may put some light on this.

price-wise yes it is expensive but the area it is located in is the most expensive area of pakistan; and don't forget that it was THE MOST EXPENSIVE deal of a piece of land in WHOLE WORLD. so due to their expensive prices some apartments are still available for sale..... in-fact Centaurus management sometime offered apartments as a payment option to their contractors.

my overseas pakistanis who r out for earning living cannot afford these apartments but businessmen/politicians/bureaucrats of pakistan can easily afford these. will u believe that most expensive dine-out places in islamabad are so full in the evenings that people have to wait for tables.

LRE Hot Topics replied on Monday, May 2, 2011 12:49 PM 

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