About Capital Smart City Islamabad
Capital Smart City is a large housing development located near the Motorway M-2 in Islamabad, Pakistan. It is sponsored by Future Development Holdings (Private) Limited and Surbana Jurong of Singapore. The project aims to bring housing standards in Pakistan up to the level of other modern cities around the world. It features high-end infrastructure and modern technologies, which is why it has been named “Capital Smart City”.
Capital Smart City is a large housing project located in Islamabad, Pakistan. It is the first project in the country to offer “Smart City” features. It was officially launched on October 6, 2019, and development work is progressing quickly, with some residential sectors in the “Overseas & Executive Blocks” already available for early possession.
Owner & Developers of Capital Smart City
Capital Smart City Islamabad is a joint venture between Future Developments Holdings (Private) Limited and Habib Rafiq (Private) Limited. Habib Rafiq is a well-known name in the Pakistani real estate industry, known for their development of Bahria Town, DHA in Islamabad, and many other projects. They have also successfully developed their own housing societies in Sargodha, Multan, and Sahiwal under the names Royal Orchard Sargodha, Royal Orchard Multan, and Royal Orchard Sahiwal. In addition, Future Developments Holdings is working on another smart city called Lahore Smart City, which has become the most successful venture in Pakistan to date. Prices in Lahore Smart City have increased multiple times, and it can be difficult to find inventory there.
Capital Smart City NOC and Legal Status
Capital Smart City is a legitimate and approved housing project that has received both initial and revised NOCs from the RDA. It is being developed on a total area of 55000 kanals, with additional land set aside for future expansion in line with the concept of a Smart City.
The development of Capital Smart City is initially starting on an area of about 15000 kanals. The scope of the development will continue to expand as initial blocks are delivered and construction work begins. Future Development Holdings has already acquired over 80% of the total required land, and more land is being purchased for future expansion.
Capital Smart City Location
Capital Smart City is a large housing development located near the New Islamabad International Airport, on the outskirts of Islamabad and Rawalpindi. It is situated on the Lahore-Islamabad Motorway M2, just 9.2 km from the M-2 Toll Plaza, and is accessible via a dedicated motorway interchange known as the “Smart Interchange”. The city also has a seamless BRT connection to the airport and is located on the eastern route of the China-Pakistan Economic Corridor (CPEC).
Capital Smart City Master Plan
Capital Smart City’s master plan is meticulously designed by a Singaporean government-owned urban planner “Surbana Jurong“, which is renowned for designing smart cities across the World. The consulting companies include Future Developments Holdings Pvt. Ltd. and Engineering Dimensions Ltd.
The master plan for Capital Smart City is divided into several districts, each with a specific focus on activities such as education, healthcare, recreation, residence, and business. Detailed information about the planned features of the city can be found in the appropriate section of this page.
As shown on the master plan map, there are several blocks dedicated to residential, commercial, and recreational purposes. The society is planned to have over 45000 dwelling units, which will be home to over 360,000 people. The maximum distance to public facilities from each block is approximately 500 meters. This large development is expected to create over 200,000 employment opportunities, including over 90,000 IT-related jobs, which will contribute to the economy.
Capital Smart City Payment Plans
Capital Smart City is offering a range of housing options, including residential plots, commercial plots, luxury villas, and farmhouses. The plots currently available include 5 marla, 7 marla, 10 marla, 12 marla, 1 kanal, and 2 kanal residential plots and smart villas, as well as 4 kanal and 8 kanal farmhouses and 4 marla and 8 marla commercial plots. Payment can be made through a flexible installment plan over 3 years. The prices for plots in Capital Smart City are slightly higher than those in adjacent housing schemes, but the revolutionary smart features and the successful track record of the developer, Habib Rafiq, have encouraged investors to trust in the project. Prices may also increase periodically.
Why Invest In Capital Smart City Islamabad?
Capital Smart City is a highly appealing housing development with the potential for strong returns on investment. The developer, Habib Rafiq, is well-respected in the real estate industry and is known for producing successful projects. Many plots in the society have already been sold, and those that have been resold have often been done so at a profit. The reviews for Capital Smart City Islamabad are positive, indicating that it is a profitable investment. It is a comprehensive housing scheme that offers a range of advantages and privileges, making it a worth while investment for all types of individuals.