Table of Contents
Introduction:
Lahore Smart City is a project of Future Development Holdings Development project (Pvt.) Limited & Habib Rafique (Pvt) Limited. It is the second smart city in Pakistan after the initiative ofCapital Smart City. As per the Lahore Development Authorities (LDA),the acquisition of NOC has already been acquired.
Lahore Smart City is going to become a benchmark in the overall current residential schemes. It is Pakistan’s second most smart city. In the meanwhile, 22nd smart city in the world is Lahore Smart City.
Considering the rising demand for housing in Lahore, FDHL and HRL agreed to deliver Smart City luxury and supremacy in Lahore. Lahore Smart City will undoubtedly provide you with all the facilities that make it a modern enterprise through its successful ongoing Capital Smart City Islamabad project.
Furthermore, both owners are masters in their field. HRL is known in Pakistan as a giant real estate developer. HRL is mainly developing massive projects such as Bahria Town, DHA, Motorway, and many others.
Lahore Smart City is not operational yet; however, since Lahore is an urban city and a hub for cultures and finances, the city is projected to be much more successful than its initial project.
As per the information provided by the developers of Capital Smart City Lahore, it already has approximately 20,500 Kanals of streamlined property through the Lahore bypass that will be developed in a few days or weeks.
About Owners: FDHL and HRL:
Future Development Holding (Pvt) Limited:
The first program of FDHL and HRL was Capital Smart City. Now, the upcoming project involves designing Lahore Smart City that is equivalent to that of the Capital Smart City project. The following smart project is being carried out in Lahore.
A new housing structure with a journey time of approximately 25 minutes from Central Lahore will be established in the gated residential community of 20,000 Kanals. Likewise, a great interchange on the M2/CPEC road will occur between the project and Lahore and the nearby commercial centers and districts in the immediate vicinity.
Via consulting with esteemed architects and planners worldwide, the following team will render exceptional structural planning, architecture, and civil services.
Locals may use their 18-hole golf course as well as a sports club for recreational activities. Standby generators can supply a continuous power supply to the residential area while the residents are clean, stable, and hassle-free with top-notch facilities.
Thus, Lahore Smart City will have the same facilities that Capital Smart City does mainly have in Islamabad.
Habib Rafique (Pvt) Limited:
HRL has been recognized for the last ten years as a pattern setter in the housing & infrastructure arena. HRL has gained a top position in Pakistan’s ever-growing real estate growth. In the meantime, HRL has first seen its useful engineering interest in housing and infrastructure development.
Today HRL is strong and distinguished by its hard-earned prestige and faith. The importance of human capital and electro-mechanical properties, which offer HRL a substantial advantage over its market competition, is exceptionally high.
In industrial and infrastructural settings, Habib Rafique has a prosperous 60 years of history. He is Pakistan’s foremost developer of infrastructure. And he is one of Pakistan’s major building firms as well. HRL is regarded as a developer of numerous of Pakistan’s finest construction projects.
Designer and Development Associate:
Smart City Lahore is a landmark Lahore City venture. Also, it is a smart city by taking full advantage of new technologies. A Singaporean corporation, Surbana Jurong, is hired to work as a Master Planner of Lahore Smart City to boost the venture’s productivity and effectiveness.
SJ is going to be the Master Planner in Lahore Smart City. It is one of Asia’s largest consulting firms in urban, manufacturing, and logistics. SJ is a consulting firm belonging to the Singaporean government. Besides, in June 2015, it was founded. It came into being after the merger of Surbana International Consultants and Jurong International Holdings.
The Master Plan initiative requires a whole spectrum of infrastructure for profitability. Furthermore, living and leisure options are also heavily concentrated in Islamabad’s developing city, where economic prospects are improving.
NOC and Planning Permission:
The No Objection Certificate (NOC) of Lahore Smart City is approved by Lahore Development Authority (LDA).
Irrespective of your way of living, LSC assures you to customize your needs, wants, and pleasures into a single mindset and brings you the best home for your compassionate living.
As highly experienced engineers and designers are developing the housing development, this venture holds an exception in the construction sector.
Thus, the legality of the Lahore Smart City is not questionable because once the property is legal, the investors completely trust the property with their precious investments.
Lahore Smart City Location:
The Lahore Smart City’s authorities are developing the location of the Lahore Smart City. As per the latest updates, the residential society will be built near Kala Shah Kaku on the Lahore bypass. It is situated next to the interchange in Lahore. From GT Road Lahore and even Lahore-Sialkot Motorway, you can quickly enter the housing society.
The total area of Lahore Smart City comprises 16,000 Kanal land. The area will be accessible from Lahore Ring Road. It will help the citizens to connect the Lahore Smart housing society in a minute drive with the rest of Lahore.
The Lahore Smart City is built on the outskirts of Lahore’s main town. Because of the hustling and bustling of the area, developers have taken the initiative to make a housing society away from Lahore’s central city. However, every big commercial area in the Lahore region is within easy reach of the housing society and with a few minutes’ drive from Lahore’s central city.
Similarly, the new UET Lahore campus is situated on the west side and is reachable by car from Lahore Smart City that is five minutes away.
Finally, Lahore Smart City is one of the recommendable housing schemes that are also easily reachable via DHA Lahore and Allama Iqbal Lahore Airport that is only 18 minutes’ drive away.
Smart Features:
Lahore Smart City is known as a ‘smart city’ because it has a few smart features that other housing societies might lack.
The smart features are as follows;
- Smart Security
- Smart Structure and Infrastructure
- Smart Transportation
- Smart Resource Management
- Smart Connectivity
- Smart Amenities
Lahore Smart City Master Plan:
Lahore Smart City is supposed to be constructed under the Township Model Approach. Also, Surbana Jurong has already transferred the European Development concept in the construction of Lahore Smart City.
So, it requires a broader range of housing schemes that might depend on the societal structure’s density.
Even though the initial opening continues for a few weeks, a pre-launch promotion for 5 Marla, 10 Marla, and 1 Kanal residential apartments has been launched by the Lahore City Smart Housing Society at introductory prices. The number of these plots is yet limited in number.
Like the Capital Smart City, Lahore Smart City is also going to such characteristics, including an overall building, facilitative for overseas Pakistanis, financially stable, School, Health Centre, Silicon Valley, sports district and executive tower. The city is also the city’s most prominent residential building in the town.
Furthermore, Pakistani citizens from abroad are only entitled to book a plot in the overseas block, whereas local people would have the capacity to reserve their plots at the ‘Executive Block’ and the ‘Residential Blocks’ respectively.
Districts of Lahore Smart City:
The management initially introduced two districts that are reserved for residential purposes only. However, before construction work on them begins, other districts will be disclosed. Two districts are listed below that were issued on August 7, 2020.
- Executive block
- Overseas block
These blocks are affordable for middle-class people in Pakistan. Also, such projects are very demanding for those who want to avail a luxurious life at an economical cost. The following blocks consist of a mosque, shops for routine products, and other necessities.
Executive Block:
The Executive Block is for residents who want to live an intelligent life in Pakistan. The block is laid with all the new facilities that make life comfortable such as, hypermart, mosques, shops, jogging tracks, and many more.
The only difference between the overseas and executive block will be that there will be varying items with a little fancier nature than the general block presented and developed. Thus, plots are going to be costly in such a block.
Presently, the executive block comprises such a plot category and is presented with the pre-launch rates, which are as follows;
- 5 Marla Plot is in 18 Lac Rupees
- 10 Marla Plot is in 33 Lac Rupees
- 1 Kanal Plot is in 54 Lac Rupees
Overseas Block:
The overseas block is dedicated to overseas Pakistanis only. The overseas block is mainly situated in the Lahore Smart City; however, the services and cost may differ. It also includes residential plots and villas. Only persons with dual citizenship or living out of Pakistan may qualify for an overseas block position.
The overseas block is mainly issued to provide the overseas Pakistanis with the convenience to avail the foreign standard of living in Pakistan. Within the block, there is a mosque, hospitals, hotels, restaurants, stores, and schools.
Presently, the overseas block comprises such a plot category and is presented with the pre-launch rates, which are as follows;
- 5 Marla Plot is in 19 Lac Rupees
- 10 Marla Plot is in 34 Lac Rupees
- 1 Kanal Plot is in 55 Lac Rupees
Farmhouses:
Lahore Smart City offers farmhouses with 1 Kanal and 2 Kanal, allowing you to enjoy holidays and spectacular views. People can farm for their means, keep their pets, or have a lovely Bangla for celebrations, dinners, family meetings, and just have a peaceful time with their family.
Health care District:
The district’s critical location is its hospital that has 500 beds that will have both health services and specialist physicians in all fields. However, the neighbourhood will also have residential plots and villas with industrial areas and shops.
Sport District:
Lahore Smart City Sports District will have arenas, and grounds for different games and sports, such as a stadium will be made for crickets, soccer, badminton courts, and sports facilities. It will also have residential apartments and villas with food corners and some cafes, stores, and mosques, much like the health district.
Silicon Valley:
In this block of Lahore smart city, the most technological and IT work will be accomplished. The block comprises executive headquarters, software, IT companies, stores, operating infrastructure offices, distribution shops, and customer service centers. It also has residential plots, villas, mosques, and retail stores, other than these offices.
Education District:
The learning center of the housing society will be the education district. In this block, there will be built several schools, colleges, and universities. People in that block are privileged since schools are just a shorter distance away.
Gate Precinct:
Similarly, Lahore Smart City is the first building block after the housing company entrance. The Lahore Smart City Services Office will be present there. In this block of residential houses and villas, four stars, three stars’ hotels will be built. There will be built retail and commercial shops, food courts, glossary stores, and mosques in this block.
Financial Square:
In this housing society block, the exhibition hall will be built along with residential apartments and some shops of essential everyday items, financial square gate offices, banks, conference centers, hospitality, 5-star retail offices boutique hotels.
Facilities and Amenities:
The people of Lahore Smart City will live stylishly. One of the critical factors is that Lahore Smart City provides the ultimate amenities. It also ensures that all smart services are supplied using bleeding-edge technologies in Pakistan’s second smart city. Additionally, Lahore Smart City’s core characteristics make it matchless among other housing schemes in the town.
- Main Gate Entries
- Cinemas
- Healthcare Centers
- Mosques and a Grand Mosque
- Financial Square
- Holiday Park Area
- Educational Institutions
- Warehouses
- 18-hole Golf Course
- 5-star Restaurants and Hotels
- Bus and Public Transit (BRT) Stops
- Main Complex and Shopping Centers
- Top-notch Basic Facilities, like Gas, Electricity, and Water
- 24/7 Safety and Surveillance via CCTV cameras
- Proper Wastewater Disposal System
Lahore Smart City Payment Plan:
The payment plan is indeed a significant factor for any investor in the real estate market. Therefore, you are all satisfied and don’t worry about the costs because the developers provide competitive prices for a flexible 3.5-year installment plan. The prices for each Marla will range between 270,000 PKR to 380,000 PKR.
It is to observe that the residential plots 5 Marla, 10 Marla, and 1 Kanal will be offered in Lahore Smart City. The payment package is highly resourceful and can conveniently be accessible for everybody at preference.
The payment takes place by keenly paying all due numbers; otherwise, you can also make payment supported installments.
However, the beneficiaries’ payments can help buy plots or houses straightforward for people who want to aspire to buy their property. The price is very manageable and easy to avail. Therefore, the installment schedule is so modest to spend that the money for this endeavor is not too high for anyone.
Lahore Smart City 3.5-year Payment Plan:
Terms and Conditions:
Here are some more details required for customers to continue with their order before proceeding:
- If the candidate wants a park facing/corner/main road, there will be an extra 10 percent charge.
- Furthermore, there will be 15 percent extra charges if the candidate wants a plot near the main boulevard.
- There will be a 10 percent lump-sum discount, whereas a 5 percent partial payment discount.
- For up to 5 Marla plots, the membership fee is going to be 12,000 PKR. In comparison, the plots above 5 Marla will have a membership fee of 15,000 PKR.
- The above rates are subject to change without pre-notice.
- The payment of installments shall be due on the first of the month of payment.
- The payment plan is free from any development charges.
- The payment plan is free from any taxes and other government obligations.
- If the reservation is not verifiable, it will be immediately cancelled within two months of the reservation, and 75% of the reservation is refunded within six months.
Plots Booking:
The reservation will be made with a 10% advance deposit, followed by 10% approval within 60 days, and the balance will be paid out in 14 quarters with a simple down payment per year. The overall time is going to be 3.5 years and 12 quarterly payments.
With this best plan, any average person is ready to shop for a house and change his living standard because it is vital to lead a life in such harmony.
However, don’t ignore the prospect and book the excellent deal for yourself as soon as possible before anyone else can occupy you, and further buy bookings cannot be made.
Required Documents for Booking:
- Two Passport size pictures of the candidate
- Two Photocopies of your NICOP of the applicant
- Two Photocopies of your next to kin/nominee ID Card
- Booking a total of the plot
- Booking form
- Your file will be ready and will be delivered to you in a 30-day of the promised period.
Pakistan Tehreek-i-Insaaf (PTI) Initiative:
PTI government has urged the provinces to create separate regulatory bodies for real estate businesses. It is a significant move forward towards real estate development and prosperity in Pakistan and will undoubtedly give massive impetus to Pakistan’s real estate properties. The decision was also taken under the considerable influence of COVID-19.
As a Platinum Sales Partner:
As a Platinum Sales Partner of Lahore Smart City, several real estate companies have been selling and working with this mega project ever since the launch. However, Property News is also an official Platinum Sales Partner of Capital Smart City.
Furthermore, the primary developer of this beautiful project is Habib Rafiq (Pvt.) Limited (HRL). HRL is a real estate brand. We are also fortunate to become the Official Sales Partner of the project under their umbrella, thanks to our excellent and committed services.
Lahore Smart City is also a smart plan. The owners have exclusively marketed this creative project, thus applying new techniques and patterns.
Moreover, in a nutshell, it can be said that Property News is representing Capital Smart City and Lahore Smart City on every platform with absolute dedication and devotion.
Why Invest in Lahore Smart City?
Lahore Smart City is significantly developed upon a dedicated urban management plan. The owners are determined to provide the residents of the society with necessary yet luxurious facilities.
The project has already acquired NOC, and thus the investors are keen to invest in this amazing project.
Additionally, this project’s primary objective is to uplift the standard of living by improving the economic and socio-economic sustainability in the specified area. It is also a grade-8 development together with an eco-friendly and self-sustaining method.
Concluding remarks:
Lahore Smart City is a country-wide plan done exclusively as per urban growth. The new project’s definition involves a holistic urban management model that supports international performance and control principles on the one hand and best inclusion and engagement practices on the other.
It incorporates and uses new technologies to make the city more dependable and provide its people with sustainable solutions. It has a clean, protected neighborhood, 24 hours each day protection, and camera tracking for the inhabitants. Check on our website property news for further details.
Frequently Asked Questions (FAQs):
The FAQs about lahore Smart City:
What is Lahore Smart City?
Lahore Smart City is a project of Future Development Holdings Development project (Pvt.) Limited & Habib Rafique (Pvt) Limited. It is the first smart city in Lahore. It includes residential and commercial plots.
What is the status of commercial plots?
Lahore Smart City does not yet launch commercial plots. However, with Lahore Smart City executive and overseas blocks’ recognition, the commercial plots will be recognized as soon as they are launched.
Is NOC has been issued to Lahore Smart City?
The NOC-approval has been acquired by Lahore Development Authority (LDA).
Is the housing society launched yet?
The Lahore Smart City project launched so far; however, the fast pace development is on its high pace.
What is the exact location of Lahore Smart City?
The housing society is located nearby Lahore by-pass, and also be accessed by Lahore ring road and from G.T. road as well.
What is the latest update about the possession of plots?
The possession of the plots has not been issued yet; however, it will be launched at the inauguration ceremony.
Who are the developers of Lahore Smart City?
Future Development Holdings Limited are the developer of Lahore Smart City.
