- February 26, 2020
- Posted by: Muhammad Shehzad
- Categories: Blogs, RBS News
Did You Know?
Capital Smart City is a big talk in Real Estate Sector of Pakistan, Saudi Arabia, Dubai, UK, USA and all over the world. Despite of being in lime light, still many people do not know much about this mega venture. Today, we have answered the most sought-after question regarding Capital Smart City.
Q1- What is meant by Smart City?
Smart City is an innovative urban project. It incorporates Information and Communication Technologies (ICT). The ultimate aim of Smart City is to increase the quality and performance of several civil services including transportation, security, utility supply, waste management, and educational institutes.
Smart City revolves around the concept of Internet of Things (IoT). Different devices are connected to same network for integrated setup. Smart City confirms both efficiency and control at the same time.
Q2- What is Capital Smart City?
It is a quality housing project. It is grand Avant-grade project. Capital Smart City is going to become 1st smart city of Pakistan while 4th in Asia. It is using bleeding-edge technology in order to make it innovative project. With usage of ICT, it confirms both the efficiency and proficiency. It features Grade-8 development.
Moreover, it also offers those amenities that are never seen in any housing society of Pakistan before . It offers occupants unique and unforgettable modern living environment.
Q3- What is legal status of Capital Smart City?
NOC of Capital Smart City is approved from Rawalpindi Development Authority (RDA). It ranks on 45th number in RDA Approved Housing Society List. In other words, Capital Smart City is legal and approved housing scheme.
Q4- What is total area of Capital Smart City?
Capital Smart City has total area of 80,000 Kanal. It is counted in biggest housing scheme in Islamabad and Rawalpindi.
Q5- Is Capital Smart City a good investment?
Capital Smart City considered as one of the best investment right now. There are several factors that supports this stance. First of all developers’ reputation. HRL is not a new name. It is known for timely and quality delivery. Moreover, several international firms involved in this project.
It is indeed a good investment option. As 5 Marla plot started from PKR 1,700,000 while the current amount of same plot is 2,600,000. Moreover, this price fluctuation is occurred in minimum time frame of 2 years. In other words, you can have at least profit of PKR 900,000 in short time period.
Q6- What is the main access of Capital Smart City?
Capital Smart City has direct access from Lahore-Islamabad Motorway, commonly known as M2. It has main entrance gate. Moreover, it also has dedicated interchange namely Smart Interchange from M2.
Q7- Is it only accessible from Motorway?
Capital Smart City has multiple access. As mentioned above, it has main access from Motorway. However, it also readily reachable from Chakri Road, Rawalpindi. After the completion of Rawalpindi Ring Road, it also serve as main access route.
Q8- When will Capital Smart City Launch?
Capital Smart City launched on October 6th, 2019. The lavish event took place in Islamabad. Afterwards, it officially launched in several countries of the world.
Q9- When is the first balloting of Capital Smart City?
First balloting of Capital Smart City held on December 21st, 2019. In 1st phase of Balloting Overseas Block-1 and Executive Block-1.
Q10- Who are the developers of Capital Smart City?
It is a joint collaboration between Future Developments Holdings (Private) Limited and Habib Rafiq (Private) Limited.
Q11- Is Capital Smart City Plot available on Installment Basis?
Capital Smart City is offering plots on 3 year quarterly installment plan. It allows fixed income people to invest in easily. Meanwhile, the discount is also available for lump sum payment i.e. 10% on 100% payment and 5% on 50% payment.
Q12- Is Capital Smart City is sustainable city?
Capital Smart City is unique in a sense that it is a self-sustainable city in every regard. Due to its sound master plan, it is creating more than 90 thousand job opportunities. Furthermore, it is featuring CPEC Tower as it happens to present on eastern route of China-Pakistan Economic Corridor (CPEC). Furthermore, it has Chihan dam in its periphery to compete the demands of water. Also, in order to fulfill electricity demand, it has installed solar panels throughout the city.
Q13- Is possessionable plots available in Capital Smart City?
Presently, Balloting of Overseas District-1 is done. The possession of these plots will granted in coming month or two. Meanwhile, the development work is going on at speedy pace to facilitate the future-residents.
Q14- Is commercial plots available in Capital Smart City?
Capital Smart City offers commercial plots in 3 categories i.e. 4 Marla, 6 Marla and 8 Marla. Currently, offered commercial plots are located in Residence Block namely General, Executive and Overseas. Main Boulevard and other districts commercial plots would entertained in 3rd stage.
Q15- Is Farm houses available in Capital Smart City?
Capital Smart City has introduced Farm Houses. Commercial plots available in 2 categories i.e. 4 Kanal and 8 Kanal. However, keep in mind that limited number of Farm Houses are offered.