Capital Smart City Islamabad is one-of-a-kind project, being developed by Future Development Holdings (FDHL) in association with Habib-Rafiq Limited and Surbana Jurong. The master plan of the first smart city in Pakistan is developed by Surbana Jurong, one of the largest Asia-based urban and infrastructure consulting firms, based in Singapore. In this blog, you will find out the effect of Capital Smart City’s launch on existing and new members.
On the 6th of October 2019, Capital Smart City was launched with a spectacular show. The well-planned event took place in Serena Hotel Islamabad with a huge gathering of real estate investors, marketers and the general public. Around 1500 clients visited the grand launch of Capital Smart City, clearly depicting their confidence and satisfaction with the project. Furthermore, the representatives of the international consultants of Capital Smart City, Surbana Jurong (the designer of the master plan) Singapore, Harradine Golf, Cracknell Dubai and ESA Italy (responsible for water and sewage treatment and solar waste management) came to participate in the official launching ceremony of Capital Smart City.
Have you missed watching the launch? Don’t worry, we are here to disclose some of the highlights from the event:
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How does Capital Smart City’s Launch affect you?
NOC
Capital Smart City has received the long-awaited No Objection Certificate (NOC) from Rawalpindi Development Authority (RDA) for about 6,000 plots in its Overseas and Executive block.
Motorway Interchange for Smart City
The dedicated interchange on the Lahore-Islamabad Motorway (M-2) has been approved by the National Highway Authority (NHA).
Balloting:
Capital Smart City will be the first balloting for approximately 6,000 plots in the Overseas and Executive block on 15th November 2019. Members who have made up to 50% payment for their plots, by 15th October 2019, will be included in the first balloting. This is also an opportunity for General block members to also participate in the balloting by converting their block into Executive block.
Choosing Plot Before balloting
Capital Smart City is letting the members of Overseas-1 choose the location of their plot. Members who have paid 40% of their dues would be allowed to opt for this option. For more information on plot selection, refer here. For booking and further details, call Sahban Tariq Malik at +92 334 5557734.
Possession
The society will hand over possession of the Overseas block by the mid of next year, 2020.
Launch of Smart Villas
Capital Smart City also launched The Smart Villas officially. An exciting news, shared by the DGM of the society, Mr. Mujeeb Ahmed Khan, is that existing members can adjust their payment towards the purchase of a villa in The Smart Villas project.
Expert Advice on Capital Smart City Launch
Launch of Capital Smart City was a successful event. The society really won everyone’s attention through its grand launching ceremony, enticing TV commercials and exciting news about the upcoming balloting. The market experts of Islamabad Projects strongly suggest the existing members to submit their pending dues and take part in the first balloting as the market for balloted plots will be different from that for unballoted plots. Balloted plots tend to have higher market prices than unballotted ones. Furthermore, since Overseas block members are getting possession in less than a year, we expect the Overseas block to perform better. For more on the impact of Capital Smart City Launch on members and new bookings, read our article: The Wait is Over; Capital Smart City Launches on 6 October 2019.
Check out the YouTube channel of Islamabad Projects and follow the Facebook page of Islamabad Projects for latest development updates. Call the featured agent of Islamabad Project, Sahban Tariq Malik, for further details at +92 334 5557734.
