Pick Capital Smart City to score solid medium-term gains

Capital Smart City is one of the few active housing schemes located near Islamabad International Airport. Development is currently under way in its Phase 0, which started back in June 2018. As per the developer’s commitment, this phase will be liveable within the next three years.

The housing scheme is destined to become the most attractive real estate development in the twin cities. So far, veteran investors have made sure not to miss any opportunity to invest in it.

Read on below to get in touch the latest round of updates pertaining to Capital Smart City.

Official launch

In the past, various rumours have continuously made rounds regarding the society’s official launch date. The developer, however, hasn’t shared anything official in this respect. Interestingly (though not unsurprisingly), the delays have made investors even more serious about the project. And at the moment, they are all geared up to grab as big a piece of the pie as they can muster.

According to Investate Consulting CEO Amir Qureshi, details are being finalised for a planned mega merger. The legal framework in this regard is taking its time to set both parties afoot. Refusing to share any more details, Qureshi calls it the developer’s prerogative to make the official announcement.

While the market awaits this correspondence, investors are hunting for Capital Smart City property to score solid returns on their investments.

Buying trends

According to Sheraz Manzoor of Pak Associates, the inventory for smaller-sized plots has been sold out. And there is a reasonable amount of premium to pay on these landholdings; especially for plots booked at their launching rates. Furthermore, Manzoor believes that market conditions are now ripe for 1- and 2-kanal residential plots. This is so because the society is soon to become a nationally-acclaimed real estate brand name, he added.

The property expert also reported a rise in demand for commercial plots.

These plots are the cheapest and potentially-most-rewarding commercial property found in the entire neighbourhood. Among the available 4-marla and 8-marla commercial plots, the demand is higher for the former.

Available at 10-quarterly instalments, Manzoor calls it a ‘not-to-be-missed opportunity’.

Development status

Development work at the site is being carried out at a fast pace.

The developer also shares construction updates with its authorised agents on a regular basis. This helps investors to keep a tab on the ongoing work.

Currently, the carpeting of the Overseas Block’s Main Boulevard is being worked out. While efforts to level the ground for laying the road network are also underway.

Furthermore, preliminary work is being carried out to ensure that the society is sustainable. Since Capital Smart City is a huge project, its systematic development is crucial to make it a smart investment choice.

A look at prices

While the developer hasn’t been booking plots on its own, its authorised agents are.

Based on market demand and ongoing development work, the developer revises the rates from time to time. As and when authorised agents unleash new inventory at revised rates, the premium on old bookings inches up.

Here is the latest payment plan – as communicated by the developer:

The anticipated details on the merger and announcement of official launch will bring along more activity. And in order to benefit from the expected hike in market demand, the time to invest in Capital Smart City is now.

For further consultation, call Pak Associates’ Sheraz Manzoor at +92-333-555-5626.