In lieu of real estate trends in housing societies around New International Islamabad airport, the Capital Smart City is also a hot investment avenue. Not just that, this housing project has gained this status despite being in the pre-launch phase. Investors are eager to invest in this society for many reasons and some of them we have already pin pointed in our previous blogs.
Capital Smart City Islamabad, a housing project of Future Holdings Developments private Limited launched in partnership with Habib Rafiq (Pvt) Ltd is an approved project of RDA. The project site is positioned on Lahore-Islamabad Motorway M-2 near Thalian Interchange, South east of Chakri Road within the vicinity of Rawalpindi Ring Road. The society is likely to have access of Blue World City through on of its entrances on Chakri Road.
Right now, the project is approximately 12 kilometres away from the airport and can be accessed in seven minutes. Besides, the developer has submitted an application with the National Highway Authority to construct an interchange on M-2 for a better and more accessible entry point.
In Capital Smart City’s Overseas Blocks residential plots were launched on February 10 and 11, 2018. Their payment plan spanned over three years and the official launch ceremony was held at The Dorchester Hotel, Mayfair London. Services of Qazi Investments UK were opted out for marketing of plots in this block because of the reputation of the company for meeting the expectations of overseas Pakistanis that are relevant to real estate.
Current Trends in the Market
Buyers are most interested in 5 Marla plots which have been sold out in the pre-launch phase. Responding to this demand the developer launched 7 Marla and 12 Marla plots and most of them too sold out like a hot cake.
The developer has been offering the products of the society in the pre-launch phase and consequently has read the market and its requirements successfully. Ultimately, they have been responding to demand smartly and kept the interest of customers high.
Meanwhile, with the increasing demand the developer is also onboarding authorized dealers. 22 of the authorized dealers were on boarded at the time products were offered in pre-launch phase. The developer is aiming to launch the project officially at concurring time of high market activity. Since the official launch is closing up the market for capital smart city plots is also increasing.
Current Payment Plan
People who have already invested in the project are demanding higher premium anticipating the closing launch. Expectations are that this trend will continue and the prices will increase up to 10% to 20% after the official launch. At present, the current prices are standing at prices as below as launched by the developer.
|Plot size||Booking amount (PKR)||Total price (PKR)|
Capital smart City is a project by well-known and trusted names of real estate industry and their developers have the largest stake in the project. Therefore, it is safe to say that this project will provide good investment options as well as high ROI in short, medium and long term. Once the project is fully developed it will also serve as a viable option for living purposes.