ABOUT CAPITAL SMART CITY, ISLAMABAD

ABOUT CAPITAL SMART CITY, ISLAMABAD

Capital Smart City is one of the first smart cities in Pakistan. The project occupies an ideal location on the M-2 Motorway, positioning it conveniently between the twin cities of Islamabad and Rawalpindi. It is also in line with the eastern route of the CPEC and enjoys proximity to the new Islamabad International Airport.

The city focuses on offering a large number of employment opportunities in its commercial and financial districts, with world-class infrastructure, the latest smart technology, as well as a sustainable, green, and eco-friendly lifestyle. Capital Smart City, Islamabad, also encompasses a number of other features and facilities that have become an added attraction for investors looking for a plot for sale in the project.

NOTICE ABOUT PAYMENT

ISSUANCE OF AN ACKNOWLEDGEMENT RECEIPT

Since there are only a limited number of plots available for balloting in the first phase, an acknowledgment receipt will be issued by the developers to confirm your eligibility for the upcoming ballot.

POSSESSION OF PLOTS IN CAPITAL SMART CITY

Visit the Site Office to Learn More about the Development

Once the plots are balloted, anyone who has paid a minimum of 60% of their due instalments will have a right to apply for possession of the plot. You will, however, be required to submit an affidavit stating that all the remaining payments will be made on time, along with post-dated cheques for all the following instalments. Failure to live up to your end of the commitment will give the company the right to change the location of the plot as per their liking and convenience.

DISCOUNT ON DEVELOPMENT CHARGES

As announced by FDHL, the first 200 members of the project will be given a 50% discount on development charges, with 25% of the discount being given up-front at the start of the construction of the villa’s foundation, while 25% discount will be offered upon moving into the constructed property.

FREE-OF-COST CONSULTATION AND SELECTION OF VILLA DESIGN

The company has further announced that it will facilitate all parties concerned with the project by offering them the opportunity to select a detailed architectural design for their villa free of cost with help from DSA Architects—a world-renowned firm that has offices in South Africa, the UAE, and Portugal. Investors of Capital Smart City will save an estimated PKR 2 lakh on design and construction costs with the provision of this facility.

DISCOUNT ON CLUB MEMBERSHIPS

Final Roadworks are Underway On-Site

There’s also further good news for all the founding members/investors of the project, as they will be offered an exclusive discount on the membership and facilities of Capital Golf & Country Club, along with being offered the same at Royal Orchard Clubs in Sargodha, Sahiwal, and Multan.

WARNING FOR UNPAID INSTALMENTS

A warning note issued in the notice also clarifies that all such plot files where a minimum of two instalments have not been paid by the 15th of October would be blocked and cancelled as per the terms and conditions of the booking. A refund will be issued to all such parties within six months.

SURCHARGE ON LATE INSTALMENTS

It is also important to note that a surcharge is now being charged on all late instalment payments as per the terms and conditions stated in the booking form from skymarketing.

 

 

Author: Manuel Schmidt