Latest Update on Capital Smart City Islamabad – 2022
Pakistan’s Capital Smart City is a world-class residential housing development. The first ‘Smart City’ in Pakistan, the fourth in Asia, and the 23rd in the world. Due to its smart features, rapid construction speed, dependable developers, optimum planning, and infrastructure, it is quickly becoming one of Pakistan’s best smart housing societies.
It is a city that makes use of technology to deliver smart services and handle municipal issues. A smart city improves mobility and accessibility, as well as social services and environmental sustainability. It is located on the Islamabad-Lahore Motorway, 9.2 kms from M2 Toll Plaza near Thalian Interchange, on the eastern route of CPEC.
Furthermore, Capital Smart City is regarded as one of the top investment opportunities in both the domestic and international markets. The legal structure, manufacturing capabilities, and efficient business prospects make it a hotspot for all types of investors.
Latest developments- 2022
The Master Plan was changed from 55,000 to 100,000 acres, and it will soon be enlarged to 150,000 acres. Possession of Overseas Central – Last Quarter of 2022. Balloting of Harmony Park, Overseas Prime, Overseas Central (Overseas II) – in the first week of May 2022. Overseas West, a new block, is also being launched.
The location of Capital Smart City is particularly advantageous because it is close to the new Islamabad International Airport and the Pakistan-China Economic Corridor (CPEC). Furthermore, the smart city’s administration will shortly announce a special roundabout on Chakri Road with direct access from the M2 Motorway.
This area is exclusively for foreigners or Pakistanis living abroad. It is the most highly prized unit in Capital Smart City due to its superior features and convenient location. Furthermore, it is the safest and most substantial investment option for Pakistanis living abroad.
Smart City Islamabad, with its groundbreaking smart features, offers three apartment blocks to meet the twin cities’ expanding housing needs:
Unlike other Blocks, it is specifically built to fulfill the living conditions of Pakistanis residing abroad. It is also easily accessible via a designated roundabout, which is directly accessible from the highway. It’s right across the street from Main Boulevard. These block allottees will also be given preferential possession.
Executive Block is designed for people who are committed to paying their bills on time. Developers provide the option to turn the General Block into an Executive Block. It is valid for a set amount of time, and the rate for Executive Block is significantly higher. Aside from that, by the middle of 2020, 50% ownership of the Executive Block has already been granted.
Overseas Prime Blocks
On September 23, 2020, the Overseas Prime Block became operational. When compared to the other blocks, this one is on a higher level. As a result, it offers a breathtaking perspective of the whole Capital Smart City.
The waterfront infrastructure is decorated with lush valleys to the maximum. Being Overseas is not a must. The Overseas Prime Block is close to Capital Hills. It is readily accessible from Chakri Road through Access-1.
Harmony Park (Overseas One) Block was revealed by Capital Smart City in June 2021. It is in front of Overseas Block 1’s Sector – E. This block is consistent with the government’s goal of promoting low-cost housing.
With a total of 25,000 Kanals of NoC certified land from RDA ((Rawalpindi Development Authority), it has now become Pakistan’s largest NoC (No Objection Certificate) approved Smart Housing Project. More permissions are being pursued.
RDA and other connected agencies have awarded smart city NoC and planning clearances due to Habib Rafiq Private Limited’s reputation and experience. Another NOC for Capital Smart City is currently being processed. Smart city NoC is ranked 45th on the RDA NoC authorized list of housing societies.
For the construction of this region, Capital Smart City has acquired an expanded and updated NoC of 17,602 Kanals, as well as preliminary planning authorization.
Capital Smart City Commercial plots for sale
- Overseas Block: 4, 6 and 8 Marla smart city Commercial plots are now available for sale.
- Executive Block: 4, 6 and 8 Marla Smart City Commercial plots are now available for sale
- Overseas Prime Block: 4 and 8 Marla smart city Commercial plots were launched during late 2020 and are available for sale
- Harmony Park Block: 2.5 Marla smart city Commercial plots were launched during early 2020 and are available for sale.
Muhammad Junaid is the CEO of VM Sol, senior Analyst, and Search Engine Expert. Extensive experience being an IT Manager in GreyBricks Marketing – Blue World city. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.