TL;DR — Faisal Town vs Faisal Town Phase 2
These are two genuinely different investments by the same developer. Faisal Town Phase 1 in F-18 is a mature, RDA-approved, fully-developed society with active rental yield, a deep resale market, and entry around PKR 1.10–1.25 Crore for a 5 marla plot. Faisal Town Phase 2 at the Thalian Interchange on the M-2 Motorway is a pre-NOC, pre- balloting greenfield development with a low entry ticket (around PKR 28 Lakh for a 5 marla on lump sum) — and materially higher risk.
Quick verdict: for end-users, rental investors, and anyone who values delivery certainty → Faisal Town Phase 1 (Blocks A, B, C). For risk-tolerant file investors with patience and capital that can sit for 3–5+ years → Faisal Town Phase 2 (with eyes wide open about the NOC). For most readers wanting an approved, yielding Islamabad asset at a moderate ticket, our focus societies — Park View City, Bahria Enclave, and DHA Margalla Enclave — usually offer better risk-adjusted profiles.
Critical clarification — the two phases are not adjacent
Buyers regularly conflate Faisal Town Group’s family of projects. Before any investment decision, get this geography right:
- Faisal Town Phase 1 — F-18 Islamabad, on N-80 Kohat Road, adjacent to the M-1 Motorway. RDA jurisdiction. Approved.
- Faisal Town Phase 2 — Thalian Interchange on the M-2 Motorway, with frontage on Chakri Road and the Rawalpindi Ring Road. RDA / TMA Fateh Jang jurisdictional overlap. NOC pending.
- Faisal Hills — separate project on GT Road (N-5) near Taxila. Not the same as either Phase 1 or Phase 2.
- Faisal Margalla City (FMC) — separate project on the B-17 corridor on GT Road. Sister project to Faisal Hills, not connected to Phase 1 or Phase 2.
Same developer, four different corridors, four different NOC and development trajectories. If a dealer pitches one using the credibility of another, that is a signal to slow down. The article below covers only Phase 1 and Phase 2.
At-a-glance comparison
| Factor | Phase 1 (F-18) | Phase 2 (Thalian) |
|---|---|---|
| Developer | Faisal Town Group / Zedem International | Same — Faisal Town Group / Zedem International |
| Location | F-18 Islamabad, on N-80 Kohat Road; M-1 adjacency | Thalian Interchange (M-2); frontage on Chakri Rd + Ring Rd |
| Approving authority | RDA (approved) | RDA + TMA Fateh Jang (jurisdictional overlap) |
| NOC status (April 2026) | Approved (Block B-1 pending) | Not yet approved — in process |
| Possession | Delivered in Blocks A, B, C | 1–3 years out (post-balloting) |
| Balloting | Long since complete | Not yet held — date not public |
| 5 marla entry ticket | PKR 1.10–1.25 Crore (resale) | PKR 27.80 Lakh (developer, lump sum w/ discount) |
| Resale market depth | Deep — 361 plots in market listings | Moderate — 345 file-level listings |
| Rental yield | Active — 8 marla house ~PKR 60–70K/month | None — no possession yet |
| Best for | End-user, rental investor, yield + steady hold | Risk-tolerant file investor, long-horizon speculator |
Faisal Town Phase 1 — current state in 2026
Faisal Town Phase 1 sits in F-18 Islamabad on N-80 Kohat Road, with M-1 Motorway adjacency. Spread across roughly 4,735.90 Kanals, it is the developer’s flagship completed project — RDA-approved, fully developed at about 90% of master plan, and actively occupied. Roads, sewerage, electricity, gas, mosques, parks, schools, and healthcare are all operational. Possessions in Blocks A, B, and C have been delivered; Block B-1 is under construction with its NOC pending.
The plot mix runs from 5 marla through 14 marla and 1 kanal residential, plus commercial up to 50×90. Block C dominates current resale supply (approximately 159 listings on major property portals), followed by Block B (around 100) and Block A (around 84). The community is actively rented — 8 marla houses average around PKR 60,000–70,000/month; upper portions on 8 marla often run around PKR 35,000. That rental activity is the single strongest signal that Phase 1 is anchored by real end-user demand, not just speculative trading.
Historical price appreciation claims vary widely. Aggressive marketing claims like “400% over 4 years” do circulate; more grounded trailing returns sit closer to 14% per year. Independent index data for Phase 1 specifically is less granular than for some Zone IV societies — treat any single-figure ROI claim as a range, not a guarantee.
Faisal Town Phase 2 — current state in 2026
Faisal Town Phase 2 is a much larger, much earlier-stage development. The headline land area is roughly 100,000 Kanals master-planned, with approximately 30,000 Kanals under active development. It sits at the Thalian Interchange on the M-2 Motorway, with around 10 km of frontage on Chakri Road and 11 km on the Rawalpindi Ring Road.
On-ground, roughly 90% of the land is levelled, roads and streets are being formed, and over 600 pieces of heavy machinery are reportedly on site. Sector O — the Model Block — has launched with semi-developed plots, no separate development charges, and a quoted possession window of 1–1.5 years. Other active sectors include N, P, Q, M, the Overseas Enclave, and Sports City.
The plot mix covers 5 marla, 5.56 marla, 8 marla, 10 marla, 1 kanal, and 2 kanal residential, plus commercial from 5.33 to 13.33 marla. Booking is on instalment plans ranging from 36 to 54 months, with 20–30% down payment and an across-the-board 20% lump-sum discount. Balloting has not yet been held — possession dates depend on it, and a price uplift is widely expected post-balloting (which is part of the speculative thesis Phase 2 file investors are betting on).
The most important fact about Phase 2: the RDA NOC is not yet approved. The delay is attributed to a jurisdictional overlap between RDA and TMA Fateh Jang. There is no public timeline for resolution. This is the single biggest factor a Phase 2 investor needs to weigh.
NOC and legal status — the make-or-break factor
For an Islamabad-region property investment, NOC status is the single largest determinant of long-term legal risk. The two phases sit in materially different positions:
Phase 1 — RDA approved
- RDA NOC issued for the full 4,735.90 Kanal master plan (Block B-1 NOC pending).
- Society is actively delivering possessions, registering transfers, and managing utilities.
- No active 2025–2026 legal news affecting Phase 1 specifically.
- For a buyer or investor, this means the typical risks that affect early-stage projects (NOC reversal, layout re-approvals, legal stays) are largely behind us.
Phase 2 — RDA NOC pending
- NOC is in process; not approved as of April 2026.
- The bottleneck is a jurisdictional overlap between RDA and TMA Fateh Jang — both authorities have legitimate claims over part of the development footprint.
- No public timeline for resolution. Some marketing copy still says “approved soon”; the developer’s own NOC-status disclosures confirm it remains pending. We always validate the current NOC status with our own check at the relevant authority before any client commitment — never on a marketing brochure’s word.
- Practical implication for investors: until the NOC is issued, transfers, mutations, and registry actions are constrained. Files trade actively, but transfer-into- your-name with a registry stamp is not yet possible at full strength.
Practical takeaway: Phase 1 carries the standard transactional risks of a mature society. Phase 2 carries an unresolved NOC overhang. Before any Phase 2 commitment, get an independent on-ground and paperwork verification that confirms the file you are buying actually corresponds to a plot in the developer’s records — not just a marketing-channel allotment letter.
Plot prices and entry tickets (April 2026)
Phase 1 (F-18) — resale market dominates
| Plot size | 2026 resale price |
|---|---|
| 5 Marla | PKR 1.10 – 1.25 Crore |
| 8 Marla | PKR 1.40 – 2.10 Crore |
| 10 Marla | PKR 1.75 – 2.50 Crore |
| 1 Kanal | ~PKR 3.70 Crore |
Phase 2 (Thalian) — developer rates
| Plot | Lump sum (with 20% discount) | Down payment / instalment |
|---|---|---|
| 5 Marla (general block) | PKR 27.80 Lakh | Standard plan |
| 5.56 Marla (Sector O) | PKR 27.90 Lakh | DP PKR 13.35 L; PKR 60K/mo |
| 8 Marla (Overseas Enclave) | PKR 37.30 Lakh | DP PKR 17.85 L; PKR 80K/mo × 36 |
| 1 Kanal (Sector O) | PKR 81.20 Lakh | DP PKR 34.95 L; PKR 1.85 L/mo × 36 |
| 2 Kanal (Overseas Enclave) | Up to PKR 1.93 Crore | Long-tenure plan |
Phase 2 prices last reviewed April 2026 — a price uplift was scheduled for 31 March 2026; numbers above reflect the post-revision plan. Always confirm with the official Faisal Town Pvt Ltd letter before any deposit. Payments via Pay Order, Demand Draft, or online transfer to Faisal Town Pvt Ltd (NTN 7243972-7).
Resale market liquidity
Liquidity matters for any investor with a defined exit horizon. The two phases look superficially similar (both have ~350 active listings on major property portals) but the underlying quality of those listings is very different.
- Phase 1 — anchored by end-user demand. 361 plots actively listed across Blocks A, B, B-1, and C. Pricing is mature and stable, transactions flow steadily, and exits at fair price are the norm. Days-on-market tends to be moderate — overpriced plots sit, but well-priced plots move within 4–8 weeks in our experience.
- Phase 2 — predominantly file-level trading. Approximately 345 plots listed on major property portals, but these are almost entirely files rather than allotted, mutated plots. Liquidity exists but is sentiment-driven — when the broader Islamabad file market is hot, exits are easy; when sentiment cools (as we saw briefly mid-2025 around Bahria Town news), file markets thin out fast.
For a 1–3 year hold, Phase 1 is the safer liquidity bet. For a longer hold (5+ years) where you ride out short-term sentiment cycles, Phase 2 liquidity matters less because you are betting on the post-balloting + post-NOC re-rating anyway. When clients ask us which side suits them, we anchor on time horizon and yield need first — almost every mismatch we see comes from buying Phase 2 with a short-horizon mindset, or buying Phase 1 expecting speculative-tier upside.
Capital appreciation and rental yield
Phase 1 — yield + steady appreciation
Phase 1 is in the mature stage of its price curve. It still appreciates — trailing returns are reportedly around 14% annualised in recent published analyses, though independent national property index data is not publicly available for Phase 1 specifically. More importantly, Phase 1 generates rental yield: an 8 marla house rents around PKR 60,000–70,000/month, and upper portions on 8 marla often run around PKR 35,000. For a buy-and-hold investor, that yield is real cashflow.
Phase 2 — speculative file appreciation only
Phase 2 has no rental yield because there are no possessions yet. The investment thesis is purely file-trading: buy at developer rate, ride the post- balloting and post-NOC re-rating, sell to the next investor. Promoted ROI claims (25% in Year 1, 75% by Year 4, around 14% annualised) circulating in marketing channels should be treated as ambition, not commitment. The actual return distribution depends critically on (a) how soon the NOC clears, (b) balloting outcomes, and (c) the broader Islamabad file sentiment when you choose to exit. Block-level appreciation figures cited in promotional material — for example, an N Block resale jumping from PKR 8.12M to PKR 12.33M — are real data points, but each is a single data point. Do not extrapolate.
Location, access, and infrastructure
| Factor | Phase 1 (F-18) | Phase 2 (Thalian) |
|---|---|---|
| Distance to Blue Area / CBD | 20–25 min via Srinagar Hwy | 30–40 min via Ring Road / M-2 |
| Distance to New Islamabad Intl Airport | 25–30 min | 15–20 min |
| Motorway access | M-1 adjacency | M-2 frontage; Ring Road frontage |
| Schools / hospital / commercial | Operational on-site | Planned; not yet operational |
| Public transport | Limited but functional | Very limited — emerging corridor |
| Best buyer fit | Family end-user, rental investor | Long-horizon investor, airport-corridor speculator |
Note: some Phase 2 marketing copy claims a 2–3 minute drive to the New Islamabad International Airport. That is not accurate — realistic drive time is 15–20 minutes. Verify distances with your own route check before factoring airport-corridor convenience into your investment thesis.
Risk profile by phase
Phase 1 risks
- Price stagnation in mature market. Most of the easy appreciation has already happened. Outsized future returns are unlikely without a major external catalyst.
- Block B-1 NOC pending. If you are specifically buying in B-1, factor this in — the rest of Phase 1 is unaffected.
- Maintenance and society fee creep.A mature society’s fixed costs (security, common areas, utilities) tend to rise over time and chip into net rental yield.
Phase 2 risks
- NOC risk. The single largest. Until the RDA NOC is issued, every other thesis depends on that resolution. No public timeline.
- Jurisdictional risk. The RDA / TMA Fateh Jang overlap is not a paperwork formality — both authorities have legitimate claims. Resolution may require regulatory action that nobody can timeline.
- Balloting-delay risk. Without balloting, plots cannot be transferred at full registry strength. Files trade, but they trade at a discount to what allotted, mutated plots will eventually fetch.
- Sentiment risk. Pre-NOC file markets are sentiment-led. A negative news cycle on any major Islamabad-area developer (we saw this with Bahria Town in 2025) can thin out file liquidity quickly.
- Marketing-vs-reality risk. Some Phase 2 marketing claims (airport distance, ROI promises) do not match independent verification. Always verify.
Which investor each phase suits
Phase 1 fits if you…
- Want delivery certainty — possessions are real, NOC is in.
- Need rental yield from day one — the active rental market in F-18 makes this a yielding asset.
- Are an end-user planning to live in the property soon.
- Have capital around PKR 1.10 Crore upward for a 5 marla entry ticket.
- Want a 1–3 year liquidity profile — exits are reliable.
Phase 2 fits if you…
- Have a very long horizon (5+ years) and patient capital that can ride out NOC and balloting delays.
- Want a low entry ticket — PKR 28 Lakh discounted for 5 marla is hard to match in approved societies.
- Are a file investor comfortable with sentiment- driven liquidity and developer-driven price re- rating.
- Believe the M-2 + airport corridor will materially outperform the Islamabad core over the next decade.
- Are diversifying across multiple developers and can absorb a Phase 2-specific drawdown without forced selling.
How they compare to our focus societies
Amanah’s focus is DHA Margalla Enclave, Bahria Enclave, and Park View City. Here is the honest positioning:
- Phase 1 sits in the same broad risk band as Park View City and Bahria Enclave Phase 1 — approved, occupied, end-user-grade, with active rental yield. The differences are corridor (F-18 vs Zone IV) and entry ticket (Phase 1 5 marla resale around PKR 1.10–1.25 Crore is somewhat more affordable than PVC F Block 5 marla at PKR 87–95 Lakh for a file or Bahria Enclave 5 marla resale at PKR 33 Lakh – 1.05 Crore depending on sector).
- Phase 2 sits in a very different risk band from any of our focus societies. None of DHA Margalla Enclave, Bahria Enclave, or Park View City currently has the unresolved-NOC posture Phase 2 has. For equivalent low-entry-ticket exposure with materially better legal posture, DHA Margalla Enclave (CDA-DHA joint venture) at PKR 15.5 Million for a 5 marla on lump sum is a defensible alternative — and the institutional backing is dramatically stronger.
For a side-by-side analysis of our focus societies specifically, see the Bahria Enclave vs Park View City 2026 comparison and the DHA Margalla Enclave Payment Plan 2026 guide.
Honest verdict
Faisal Town Phase 1 and Phase 2 are not substitutes for each other. They are different investments at different points on the risk curve, and the right answer depends on what you actually want from your capital.
If you want a yielding, occupied, RDA-approved asset with delivery certainty, Phase 1 is the clean choice — accept the higher entry ticket (around PKR 1.10 Crore for 5 marla resale) in exchange for maturity, rental yield, and active liquidity.
If you want a speculative, low-entry-ticket file with multi-year patience, Phase 2 is a defensible bet — but eyes wide open about the unresolved NOC, the absence of balloting, and the sentiment-driven nature of pre-NOC file markets.
If you want a balanced 2026 Islamabad property exposure, our recommendation for most readers is Phase 1 OR a CDA/RDA-approved alternative in our focus societies — Park View City Hills Estate, Bahria Enclave Phase 1 sectors A–E, or DHA Margalla Enclave depending on budget — rather than a Phase 2 file. The risk-adjusted return is better at the focus societies, even if the absolute upside ceiling is sometimes lower.
Considering a Faisal Town file or plot? Verify first.
On Phase 2 specifically, never wire funds without an independent on-ground and paperwork verification — the unresolved NOC means the difference between a real plot and a worthless file can hinge on small paperwork details. Our team handles verification, society liaison, and transfer paperwork end-to-end.