Work on Lifestyle Residency apartments in full swing.

ISLAMABAD -- The construction work on Lifestyle Residency apartments at sector G-13 was in full swing and expected to be completed by December this year, an official in Federal Government Housing Authority (FGEHA) said.

"The project was expected to be completed by the end of the year 2020, however, due to multiple reasons such as the COVID-19 pandemic, increase in prices of construction materials as a whole, and steel, in particular, the desired targets could not be achieved, he told reporter.

The official said the project was launched in July 2016 and the construction work on the project formally started in September 2017.

As a result, the original financial plan of completing the project on recovering 83 percent tentative costs from the members became nonviable.

Therefore, he said, the EHFPRO [ a private limited company] board of directors had decided to split the remaining 17 percent into four installments.

Out of these four installments, two percent was projected to be recovered at the time of handing over of possession of apartments, while three installments of five percent of cost staggered on a quarterly basis.

He said a comprehensive newsletter was issued in May 2020 and sent to all...

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