Most real estate investors in Pakistan prefer the City of Gardens for investment. Apart from being Pakistan’s greenest and historic city, the capital of Punjab is also considered among the hubs for commercial and industrial activities. So, if you’re on a hunt for property investment in the city, you should consider Lahore Smart City.
A project of Future Developments Holdings (Pvt.) Limited and Habib Rafiq (Pvt) Limited, Lahore Smart City is a scheme that offers world-class residential units and well-planned commercial properties on installments. In this blog, we will take a look at the location, facilities, investment, and other features that sets this meticulously planned project apart from the rest of schemes in Lahore.
More About the Lahore Smart City
The smart project is the second venture of its kind in Pakistan, while it is fifth in Asia. The project comprises exceptional features that make it desirable for both investors and home buyers. It is deemed to be one of the biggest eco-friendly projects in the city.
As mentioned earlier, the project is a joint venture of Habib Rafiq Pvt. Ltd and Future Developments Holdings. The developers are taking extra care for the masterplan and it is under the supervision of a Singapore-based consultant, currently.
Salient Features of the Project
Once developed, every feature of the project will take up on the theme of ‘smart development’ and boast innovative technology. These facilities have been designed to provide investors and residents the comfort and convenience that no other residential project in the surrounding areas can.
Here is a list of all the facilities that will make your residential experience at the Lahore Smart City a memorable one:
- Traffic management
- Air pollution control
- Educational Facilities
- Internet of Things (IoT)
- Controlled electromagnetic emissions
- Smart health
- Intelligent shopping
- Smart environment
- Smart buildings & homes
- Public safety management
- Smart energy
- Gas & water leak detection
- Water quality management
- Waste Management
- Smart parking
- Smart street lights
- Electric vehicle charging facilities
In addition to the above-mentioned facilities, the project also promises contemporary infrastructure, with unparalleled amenities. Some mentions in this regard are architecture, parks, healthcare facilities, basic utilities, sports areas, shopping malls, and swimming pools.
These facilities and amenities make Lahore Smart City an amazing investment opportunity for the residents of the city.
The location of Lahore Smart City is nothing less than perfect. Sitting near Lahore Bypass and Kala Shah Kaku, the scheme is easily accessible from different arteries including GT road, Lahore-Islamabad, and Lahore-Sialkot Motorways.
The project developers, when creating the Lahore Smart City master plan, visualised an extremely modernised residential society that would offer all the innovative and technological facilities at affordable rates.
The project is divided into two separate blocks: executive block and overseas block. The blocks will feature 5, 10, and 20 marla residential plots. The executive block will offer property ownership to serious buyers and investors from within the country, whereas the overseas block will provide plots for sale for Pakistanis living abroad.
In order to book plots in either of the residential blocks, all you need to do is pay 10% down payment and 10% confirmation charges while the rest of the cost can easily be paid over a period of 3.5 years with an easy installment plan.
Like any other good housing scheme, the Lahore Smart City developers offer incentives to those that choose to pay a lump sum amount. If a buyer chooses to pay half the amount as down payment, they will be saving 5% on the overall payment. Whereas, if they choose to pay full price, they will save a total of 10%.
The project is evident that the country’s real estate market is all-set for digital revolution. The project is planned to change the dynamics and the standard of living for the residents of Pakistan. If you wish to invest in various types of plots in Lahore, you might want to check out Jagah Online for listings of properties for sale in Lahore.
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