Benefits of Investment In Lahore Smart City

Pakistan’s real estate industry is in the midst of a long-awaited transformation. The current administration has given builders and construction businesses quick tax relief. In addition, Pakistan’s present administration has advanced with a comprehensive plan to regulate the Pakistani real estate market.

The country’s real estate market has been buoyed by the decision, which has been well-received by property purchasers, sellers, and real estate brokers throughout Pakistan. The measures taken by the federation to formalize the real estate sector have also gotten a thumbs up from traders. The Pakistani real estate markets have heated up considerably in recent months.

Overview of Real Estate Sector in Lahore:

For some time, the real estate market of Lahore has been a hot investment sport. First, the country’s overall market sentiment is good. Second, the recent inauguration of Ravi River Front Urban Development by Prime Minister Imran Khan has increased optimism even more.

The Ravi River Front Urban Development will cover 46 kilometers of the river and is planned to follow in Dubai Marina’s footsteps. The River Ravi Front will develop and built-in in three phases.  A 46-kilometer lake will build during the first phase, consisting of six water and sewage treatment plants and three standalone dams.

The new lake will connect to the existing urban forest, which will expand further. A total of 1 million square feet (9300 m2) for commercial purposes and 500 acres (2041 hectares) of land in addition to 100 acres (40 hectares) on each side of the channel would also acquire.

According to real estate experts, the Ravi Riverfront has positively accelerated the pace of property transactions in Lahore. According to seasoned realtors, real estate investment activity is presently concentrated in suburban areas of Lahore.

Lahore Smart City | Pakistan 2nd Smart City Project

The Lahore Smart City project developers have previously introduced the idea of a smart city in Pakistan. It’s the second smart city project, following Islamabad’s first. In 2018, Pakistan launched its first smart city initiative, Capital Smart City.

The Lahore Smart City project is a project of Future Development Holdings and Habib Rafiq Pvt. Ltd. The Habib Rafiq Group previously created the Capital Smart City initiative, but they later joined forces with FDH to develop smart city projects in Pakistan.

Habib Rafiq Group is a well-known real estate and construction firm based in Pakistan. They’ve finished tasks for Bahria Town and DHA Housing Societies in the past. And they are also involved in government projects such as the Orange Line Train, Speedo Buses & Metro Bus Station.

The city of Lahore has many advantages. It’s not only the capital of Pakistan but also the cultural and commercial center, attracting buyers and investors for various reasons. The finest among others, it offers unrivaled services and comforts, making it ideal. One of the most significant elements of Lahore Smart City’s success is self-sustainability.

It implies that all its residents will have employment opportunities within Lahore Smart City. Residents do not need to look outside the city for work since several significant commercial projects, mega malls, and mega-developments are planned.

There will be a metro line, schools, hospitals, cash and carry services, and other amenities. As a result of the project’s completion, residents of Lahore Smart City will benefit from the most out of their investment.

Why should you Invest In Lahore Smart City?

Here are some of the benefits of investing in Lahore Smart City:

2nd Smart City:

The Lahore Smart City is set to be Pakistan’s second smart city. Islamabad’s first smart city, Capital Smart City, is also constructed for people. The goal of smart cities is to encourage and achieve environmentally friendly living through technology.

This is a one-of-a-kind idea that currently, only a few cities in the world have. Smart cities, sponsored by reputable real estate companies like HRL, are a good investment and future living option.

LDA NOC:

The process has begun for obtaining a No Objection Certificate (NOC) for Lahore Smart City, which will build on 20,000 acres. The management of Lahore Smart City has already submitted all of the paperwork necessary for planning permission, and the procedure to obtain a No Objection Certificate has started.

The Lahore Development Authority’s NOC is anticipated to go out soon. Similarly, Capital Smart City also has a Rawalpindi Development Authority (RDA) and planning permission for the housing project.

Safe Investment:

FDH is the developer of Smart City Lahore. FDH, an associated company of Habib Rafiq Limited (HRL), is responsible for the future development project. When investors seek to put their money into a housing society, it’s essential to have confidence in the developer’s reputation for urban development and construction in LSC.

They have already completed DHA Phase 2 Islamabad, Bahria Towns, Royal Orchard Multan, and the Multan International airport. The organization’s reputation has been unrivalled. Investors may feel secure that their money is safe because the Lahore Smart City will follow the Capital Smart City model.

Location:

When it comes to making investments in a real estate project, location is essential. The Lahore Smart City (LSC) is located near the Kala Shah Kaku Interchange on N-5, just off the Lahore By-pass route.

The facility is also located near the planned Lahore University of Engineering and Technology campus and the Lahore – Islamabad M2 motorway and GT Road. According to reports, Lahore Smart City will start with 200 hectares on which a modest portion of land faces the Lahore Bypass road.

Speedy Developments:

There is a lot of development work being done in Lahore, Pakistan. This project is moving at the fastest pace possible. Engineers with expertise and hardworking labour work 24 hours a day, seven days a week, on the Lahore Smart City site.

It’s without a doubt one of the top housing communities where construction work continues at such a rapid pace. The development teams collaborate to establish major boulevards, main entrances, and land leveling operations.

Plots on Installments:

The ‘Lahore Smart City‘ residential and commercial plots are available with down payments as low as 10%. Investors and future homeowners may take advantage of simple installment plans. The initial financial commitment will last for three and a half years. At reasonable prices, investors can buy 5 Marla, 10 Marla, and 1 Kanal in Lahore Smart City. The latest prices have been updated recently.

Final Words:

Lahore has several development projects currently available for purchase. Several plots packages are now available through Lahore Smart City, providing the greatest residential sites. All of these lots can buy with small installments.

However, the developers claim to take ownership of sites before payment plans are completed. We remain confident that ideal Lahore Smart City builders will keep their promises.