What’s up with Capital Smart City right now?

It is among the few housing developments in the twin cities that currently interest investors. The project is in its pre-launch phase, and its official launch is expected to take place soon. In this regard, the date previously announced was September 26, 2018, but due to pending decisions on some exciting details in the final stages, the date has been extended.

If you wish to seek the complete details so far revealed by Habib Rafiq (Pvt) Ltd, the project developer, you can visit our blog containing all the information on Capital Smart City. For the latest on this project, read on!

Market update

The developer has halted new bookings until the project’s official launch. This also indicates that the time is perhaps close. In the meanwhile, Capital Smart City plot files are currently being traded in the secondary market. The agents registered with the society and those operating in this part of the city are closely observing market trends in order to gauge the society’s true potential in the backdrop of an important development. Some also believe that property rates are poised to increase with the related announcement.

Buying trends

The demand for certain plot sizes has been higher since the launch of the project is said to be getting closer. And this is almost always true for smaller plots in any housing society. The same is seen here, as the inventory for 5-marla and 7-marla plots has been sold while only a limited number of 12-marla plots are available with the developer. Bookings for these, along with the remaining 1-kanal and 2-kanal residential plots, will be opened after the society is official launched, which is expected in November 2018.

Expected response

Agents registered with Capital Smart City are positive that in the weeks after the society’s official launch, the inventory offered by the developer will be sold out. Their expectations are based on the current market trends and also on the details that are soon to be shared via mainstream advertisement media. In the wake of expected major announcements, the premiums on smaller plots are also inching up. Agents also expect that the new bookings announced at the official launch will be at higher rates. This is expected to further inflate the premium on Capital Smart City plots sold at previously lower rates.

A look at market rates

The payment plan last shared by the developer in September was followed until the booking process was temporarily shut down. You can check our last update to see how Capital Smart City performed in September 2018.

At the moment, the premium on a 5-marla plot in Capital Smart City is PKR 80,000 and that on a 7-marla plot is PKR 30,000. it is also likely that the premium on these plots and all others sold in older booking will also go up when the date for the society’s official launch is announced.

To keep a tab on News regarding the official launch of Capital Smart City, please stay tuned to Zameen News, and for updates on market trends, keep following Zameen Blog. If you wish to speak to an expert about investing in the society, get in touch with Waseem Butt of M-2 Marketing by giving him a call at +92-312-551-2751.