Capital Smart City Development Progress
Capital Smart City, is a residential project being developed by Habib Rafiq Private Limited (HRL) and Future Development Holdings Ltd. It is believed in the Real Estate Market of Islamabad that the speed of development work of Smart City is the fastest among all the upcoming housing societies. Cold or hot, no matter what weather it is, team works day and night, preparing to welcome the future residents of Capital Smart City. Today we’d like to share a few updates on the construction process. Islamabad’s Real Estate Market seems very content and pleased with the pace of Habib Rafiq’s development work. This increasing trust in the market is evident in the rising prices and rising demand for Smart City products. In this blog, we have divided the development work updates of Capital Smart City in a few categories.
CAPITAL SMART CITY’S INTRODUCTION
Capital Smart City Islamabad is a pioneer of bringing a Sustainable future by making the most out of new technology. It is an RDA-approved developers project and has maintained a high level of standard in every aspect of Smart Economy, Smart Housing, and Smart Environment. In view of growing housing demand in the twin cities, FDHL intends to build a quality housing project on M2 Motorway near New Islamabad International Airport falling on the eastern route of CPEC. Capital Smart City aims to become first ever smart city in Pakistan and a model for sustainable development. Capital Smart City Islamabad is a joint venture between Future Developments Holdings (Pvt.) Limited & Habib Rafiq (Pvt) Limited. HRL is the one of the leading construction company in Pakistan. Future Developments Holdings (Private) Limited is also known as FDHL. It is a partner consortium registered under Companies Ordinance 1984. Several national and international firms have joined hands for emergence of the new worlds leading organization. Habib Rafiq Pvt. Ltd. has a rich 60 years heritage in industrial and infrastructure landscape. HRL is acknowledged as developers of various finest development projects in Pakistan. Designs Consultants are key players and responsible for the front face of any project. Surbana Jurong (SJ) is Master Planner for the Capital Smart City. Its one of Asia’s leading urban, industrial and infrastructure consultancy firm. It has Human resource of approx. 14,500 employees working in more than 130 offices across the globe. For project Master Plan, it incorporates a holistic range of facilities to offer lucrative business opportunities.
FEATURES OF CAPITAL SMART CITY
Capital Smart City Islamabad is planning to be one of the largest cities to help the climate in Pakistan. This quality residential project aims to offer luxurious living experience with all other necessaries of life. Furthermore, in this housing project all the key steps of the higher residence are concentrated. In order to optimize productivity in the lives of its people, the Smart City idea is to create an intelligent radian development pattern that considers the key facilities and services integrated. This company provides its occupants with a unique and modern living experience that they can enjoy beforehand. This housing company becomes the first smart city in Pakistan by incorporating advanced technologies and introducing smart features with the help of Habib Rafiq Limited (HRL). There are some of the features of this society:
- Eco-Friendly City
- Advanced Security
- Green and Clean environment
- Web of Metro Bus
- Electricity from the underground
- Smart apps such as traffic, electricity, weather
- Hotels, shopping malls and clubs
- Modern and intelligent housing
- World Class Infrastructure
- Overseas block
- Parks, lakes, mosques
- Golf course 18-hole.
- Interchange designated from M-2
- Near Islamabad and Rawalpindi
The first block to get possession will be Overseas Block phase-1. The rumor was that possession will be granted in 2020, but there is still no verified news on this and the market is patiently waiting. The construction work in the Overseas block, however is completed very quickly to be available for possession as soon as possible. Most of the road construction and leveling is complete.
Residential Real Estate is a special asset class where you have a ton of control over your investment’s destiny.
Filtration plants are being built by Capital Smart City to provide its citizens with clean water. In addition, water tanks are being installed to ensure the supply of clean water without interruption.
THINGS YOU SHOULD KEEP IN MIND WHILE INVESTING
As part of the green initiative, horticultural work is being carried out along with earthwork, road leveling and construction so that the green belts and parks are ready to add life to the project by the time the development work is completed. Work in horticulture is important to a housing project’s aesthetic. Capital Smart City, by monsoon plantation, has brought its green initiative to the next level.
The construction of Smart Villas has also started in both Executive and Overseas block.
The access roads are being quickly cleared and designed to enable smooth and direct access to the site. The dedicated M-2 motorway interchange was approved by the National Highway Authority (NHA). It is expected that the construction of the Smart Interchange will soon begin.
In the site for Executive block, land is also being cleared and leveled. Sewerage pipes are being laid and construction of Smart Villas has also started. Executive block phase-1 is expected to get possession after Overseas-1. Therefore, rapid development is being done in Executive block as well. After the closing of booking in Overseas block, the next balloting event is expected to held by the end of this year. However, there has been no certain news regarding the date of second balloting.