Q1.Where we can stay at Balakot, Chilas, Rama , SHiger, Khaplu etc ?
There are number of hotels available in Balakot, Chilas, Rama, Shigar, Khaplu etc.. You can decide on the spot.
Q2.How much time is required to Reach Chilas and Rama from NARAN?
Naran to Chilas will take about 7 hours (+/- 1 hour depending on vehicle and current road situations)
Q3.IF we want to spend nigh in Deosai, what are the options?
You will have to camp at Bara Pani, Deosai. You can either take ur own camps or utilize the one of camp hotels. However, availability of camp hotel is not always guaranteed as by law its not allowed in Deosai National Park so the wildlife guards rent out their own living tents for some extra money. So pehle aaiye pehle paiye..
Q4. How much jeep and fuel will cost for the above plan?
If you hire a jeep from Balakot, its better to reach Chilas and then hire another Jeep from GB Local who is familiar with such routes. This itinerary will cost about 18-20k worth of fuel and jeep hiring charges are about 3k per day.
Q5.What are the places we can and we should see in this tour?
I will try to revise your itinerary as the current one need some fine tune based on available timing and distances between places.
Revised itinerary:
Day 1: Leave ISB early for Balakot.. Hire Jeep .. Reach Naran.. Visit Saif ul Maluk lake.. Night stay in Naran
Day 2: Naran to Lulusar Lake to Babusar Pass to Chilas, night stay in Chilas
Day 3: Chilas to Thalechi to Astore to Rama Valley.. night stay in Rama valley (Camp or Hotel, camping is free here if you have camps)
Day 4: Early morning visit to Rama Lake & back. Proceed to Tareshing.. Trek to Rupal & Back, Night in Tareshing
Day 5: Tareshing to Chilum to Sheosar Lake to Bara Pani, Deosai (night in camps) or night in Skardu if no mood of camping, in between u can see Sadpara Lake.
Day 6: Reach Skardu (if camped and don't waste time stopping here and proceed to Manthokha Waterfalls), Visit Manthokha and proceed to Khaplu. It is a long journey. Night in Khaplu
Day 7: Visit Khanqah-e-Chaqchan early morning. Kahplu to Machlu village to Hushe valley and back to Khaplu. Night again in Khaplu (Plz note that Kahplu is a modern city just like Skardu or Gilgit, so there is not much to see there except hotels, banks etc unless you go further ahead to Machlu village and Hushe Valley. Hushe is a beautiful village and provide a breathtaking view of Masherbrum peak).
Day 8: Khaplu to Shigar.. night either in Shigar or proceed to Skardu.
Day 9: Skardu to Lower & Upper Kachura Lakes and proceed to Gilgit (or back to Skardu).. Night in Gilgit (or Skardu)
Day 10: Catch NATCO or coaster or private car 10 AM convoy (from Gilgit) or very early morning (from Skardu)
Day 11: Reach Islamabad early morning.
I did a similar trip last year.. You can check my thread below. It will give you idea how to execute your own trip.
https://www.pakwheels.com/forums/road-trips-vacations/221449-14-days-heavens-gilgit-baltistan-mega-tour-gb
Also checkout this thread in which I have explained with detail and logic, how this tour can be done economically and effectively.
Trip Gilgit baltistan 2014 need help
Any questions, feel free to ask. If you need any help in any regard then feel free to message me.