The official launching of Capital Smart City will take place on September 26, 2018. This project defied the dull market conditions by keeping the investment activity intact. The prime location of the scheme and good reputation of its developer – Habib Rafique (Pvt) Ltd. are the two main reasons for such high sales.
It is expected that the official launch will bring in more demand for Capital Smart City.
In the past, the soft launch of the scheme was already held in both overseas and Pakistan. However, the official launch carries more significance.
Under a soft launch, the developer can sell projects once its layout plan gets a green signal from the relevant authority. On the contrary, the official launch can only happen when the respective society receives NOC for development work and advertisement through via print or other mediums.
Therefore, with the official launch looming around the corner, Capital Smart City has covered all bases to move ahead.
Property agents had a very busy six months in the first half of the year. And to meet the market demand, extra efforts were needed by the property dealers.
In our previous article on this scheme, we mentioned about the 5-marla plots being sold out. The 7-marla and 10-marla plots are also running out rapidly. The response has been so good that only 18% and 16% of the launched units respectively are left for sale.
So with the official launch, more property agents will come on board for sale and purchase of Capital Smart City’s plots. This will further lead to an increase in demand. A premium on sold out plots is expected in such a scenario.
|Plot size||5 marla||7 marla||10 marla||12 marla||1 kanal||2 kanal|
|Booking amount @30%||210,000||259,000||360,000||378,000||540,000||1,060,000|
|Quarterly Installment x 12||140,000||175,000||240,000||250,000||360,000||710,000|
To invest now or later?
It is very difficult to predict the future demand in the real estate market of Pakistan. However, looking at how things are developing in Capital Smart City, it will be a wise decision to invest right now because when the development work starts, the prices will increase.
Secondly, the location of the scheme (near airport) means that there are more chances of price appreciation in the near future when other societies in the nearby also start development work.
Thirdly, its the unique facilities and amenities offered by the first ever “smart city” project that attracts the investors and buyers.