Islamabad is preparing for the official launch of the Smart City Islamabad on September 26, 2018 whereas Capital Smart City Lahore is planned next year 2019. The project was among the few projects that continued investment activities throughout the dark market. Believes that the company’s preferred location and reputation is the developed developer, Habib Rafiqe (Pvt) Ltd. Is the main reason for such a large volume of transactions. The official launch is expected to lead to another wave of property applications in the project.
Details of the project
The company is located on the M-2 motorway of the Lahore-Islamabad highway, near the Thalayan intersection; only 7 km away from the new Islamabad International Airport. According to the joint details so far, the company has residential plots of 5 Marla, 7 Marla, 10 Marla, 1 Kanal and 2 Kanals. Smart Capital City will be a smart, planned city, where the company will be self-sufficient and environmentally friendly in terms of power generation and recycling. Capital Smart City Lahore will be also near M2 but in Lahore with plots of 5 marla, 7 Marla, 10 mara 1 kanal & 2 kanals.
Note: Capital Smart City Lahore will be another and latest planned housing & commercial estate in Lahore expected to be launched next year i.e. 2019
Official release
According to Emir Qureshi of Investor, Smart City will be officially launched on the 26th of this month. While the project has been around for some time, with launch abroad and Pakistan, the official launch is more important.
The developer can sell the projects as part of its phased release, once the design plan has been approved by the Development Authority. On the other hand, the formal launch can only take place after the company has obtained the No Objection Certificate for development and advertising through the print media and others.
So, as Qureshi said, the company is covered in every way to move forward with its official launch this month.
Extension “illegal”
You must have met a publication in which the Rawalpindi Development Authority announced that the extension of the city’s capital was illegal. Asked about this, Qureshi revealed that the owner of about 250 Kanals of land adjacent to the capital city smart has tried to declare its land and sell as an excellent city of the smart capital. The company has no connection to the extension and may not need to be announced in the near future because it has not yet seen its official launch yet.
Market demand of Capital Smart City
Authorized agents in the city’s smart capital occupied the first half of the business and had to make additional efforts to meet market demand. According to the sources, the stocks of the 5-pack parcels have been depleted, while stocks of 7 marlas and 10 marlas have been depleted rapidly, with 18% and 16% of the units still being sold.
The official launch will attract more agents to buy and sell the intriguing files of the Smart City, which will increase demand in the market. In such a scenario, it is expected to receive a premium on the sold parcels.
Price trends
The last reservation was proposed by the developer in May 2018, and the price of the 5 Marla package has not been increased since then, but these packages have been sold and will now be determined in terms of price fluctuations by the secondary. market. The following is the average package file offered by Capital Smart City on a three-year repayment plan:
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