There is still time to invest in Capital Smart City in Islamabad await new development that will be launch soon. So according to real estate experts. There are many new projects already up for sale on the market. But for those wishing to access the best deals. So it seems better waiting until closer to completion. According to the experts, the pre-launch market is still on, with some better deals than others.
There are two main phases of Capital Smart City Islamabad: Phase A and Phase B. They include townhouses, semi detached houses and luxury apartments. The development has been design according to international standards. It includes wide roads, parks, hospitals, shopping malls, schools and other necessary public utilities.
The residential units in Phase A are 45 sq yard townhouses which have been divide into three categories at different rates ranging from Rs 6 million to Rs 10m. The price of the units in this phase will increase by 5pc after launching. According to real estate experts, these units are an excellent investment option.
Phase A & B in Capital Smart City
The townhouses in Phase B are e-block, covering an area of 100 sq yards each and their price will increase by 3pc after completion. They have been divide into three categories at different rates ranging from Rs 9m to Rs 18m. It is also consider a good choice for the investors.
There are many other options available for the investors, including four to five kanal plots. These plots price is between Rs 90m and Rs 140m. The experts suggest that it is still an excellent investment option despite its high price tag. It is also recommend to buy plots in groups as there are different rates for single, two and three plots.
The authorities are also offering investors the opportunity to buy these plots through their financing options. However, it is still not known what rates they will be providing. So far, both commercial and residential properties have seen good yields in Islamabad’s market while its regional markets have performed below par.
Pre-Launch Activity
No major development can take place without pre-launch activity, so even if the investor is not interest in buying now they should consider investing later when the prices will be higher. This is because Capital Smart City is one of the best investment choices out there. It has attracted thousands of investors who are willing to buy land at Phase A and plots in Phase B. The demand for these properties will be high when they are ready for construction.
The Islamabad Capital Territory government, Ministry of Planning and Development (MoPD), has released the master plan of Capital Smart City. Under this project, starting from Zero Point Interchange to Jinnah Avenue will be made five continuous roads, including FIA headquarters building with a total length of 10 kilometers.
According to MoPD officials, under the master plan Capital Smart City, between Zero Point Interchange and Jinnah Avenue will be made five roadways with the total length of 10 kilometers.
Capital Smart City Islamabad
Capital Smart City is located in the heart of ICT on new E-10 Islamabad Expressway between Zero Point Interchange and Faisal Avenue. It will be a mixed-use development comprising commercial, residential, retail and entertainment zones.
Planning Minister Senator Makhdoom Khusro Bakhtiar has said that Capital Smart City will have world-class infrastructure to provide economic activity in the ICT. He was presiding over a meeting at MoPD to review progress on the project.
Capital Smart City : Main Features
Commercial Towers and Shopping Malls: Capital Smart City will be home to commercial towers, shopping malls and business centers. The retail space in the project is over 1 million square feet including a mega mall and about 15 outlet stores. In addition there will be around 150-room luxury four-star hotel, 3 to 5 star boutique hotels, food court, hypermarket and other shops.
The residential units in Capital Smart City Islamabad will be accessible through road and pedestrian-friendly neighborhoods. There will also be a dedicated transport link connecting the project with rest of the city.
Capital Smart City Islamabad is a Project of Monumental Importance
Capital Smart City Islamabad is a project of monumental importance for Pakistan and country’s progress in decades to come. From the planning stage to its implementation, due consideration will be given to all aspects of the project and every potential hurdle will be overcome with commitment and determination. This ensured that Capital Smart City Islamabad becomes an iconic landmark for Pakistan and its people.
So, to summarize all the main features of Capital Smart City Islamabad are as following:
– Commercial Towers & Shopping Malls
– Residential Apartments
– Office Space
– Healthcare Facilities
– Educational Opportunities
– Entertainment Facilities
just a little information about the background of Smart City.
Capital Smart City Islamabad: Main Features
Commercial Towers and Shopping Malls: Capital Smart City will be home to commercial towers, shopping malls and business centers. The retail space in the project is over 1 million square feet including a mega mall and about 15 outlet stores. In addition there will be around 150-room luxury four-star hotel, 3 to 5 star boutique hotels, food court and other shops.
Residential Apartments:
There are over 1,500 residential units in the project including multi-story apartments, townhouses and villas with advanced infrastructure facilities. These include all kind of modern amenities like swimming pool, jogging track, community center etc. The residential units in Capital Smart City will be accessible through road and pedestrian-friendly neighborhoods. There will also be a dedicated transport link connecting the project with rest of the city.
Capital Smart City : Office Space
Also, there will be office space for business hubs, international corporations and companies operating from Pakistan. The complex will have office buildings for rent. It also has the capacity to accommodate host of startups and other commercial activities.
Capital Smart City : Healthcare Facilities
Smart City will have world-class healthcare facilities including state-of-the-art hospitals, diagnostic centers, wellness clinics, retail pharmacies and extensive medical complexes.
Capital Smart City Islamabad : Educational Opportunities
Educational Opportunities: The project also has educational facilities which will include schools, colleges and international universities. There are plans to establish an International University in Capital Smart City.
Capital Smart City Islamabad :Entertainment Facilities
For recreation and amusement, there will be entertainment facilities including amphitheater, water parks, indoor theme park, movie theaters etc.
In order to ensure the success of Capital Smart City Islamabad, the government has decided to provide best possible facilities in this project. In this regard a citizen’s committee will be establish comprising experts from various fields. These experts will guide planning authorities on planning and development issues. In addition, all departments participating in Capital Smart City project will consult with stakeholders regularly.
Conclusion
The Capital Smart City is set to be Pakistan’s first planned city, and it has the potential to catalyze economic growth for all of Pakistan. Construction on the project started in September 2014 with a groundbreaking ceremony attended by Prime Minister Nawaz Sharif. Phase 1 construction costs are estimated at $35 billion US dollars. A portion of these funds will come from public-private partnerships. So Therefore another part is being funded through debt financing by international financial institutions such as ADB and World Bank. Post this development there have been many opportunities opening up for people looking to buy property or invest in real estate in Islamabad which can lead them towards success if they know what they are doing but before you even think about investing make sure you understand how
