×
27 August, 2018

With the official launch looms close how does it affect Capital Smart City

Property News

One particular real estate development that has met the demands of the investor is ‘Capital Smart City’. The real estate gains from investing in this project in the short term are tempting. In the long run, existing and potential buyers are convinced that their investment in this scheme will be fruitful in the years to come.

Project details

Capital Smart City is located on Lahore-Islamabad Motorway M-2 near Thalian Interchange. It also touches Chakri Road in the south east. There is high probability that the scheme will have one of its entrances on Chakri Road opposite Blue World City.

 The society is 12 kilometers away from the Islamabad International Airport.

Market demand and trends

 The highest demand recorded is for the 5-marla plots for which the inventory has run out. The developer has introduced 7 marla and 12 marla plots keeping in view the high demand. Also, over 70% of the stock has already been sold out. And the remaining is also running out at a rapid rate.

Most of the buyers are short-term investors or those looking for high returns by waiting for at least a year. Currently, prices of plots introduced in the old booking continue to increase with significant premiums added to the original rates.

Why is there a lot of Interest in this scheme?

The developer has been very smart in regards to the pre launching while continuing to increase its authorized agents at the same time. Capital Smart City official launch is close and that is the biggest reason why so many buyers and agents are excited about this project.

 The date for the official launch is yet to be decided. It can be either before the coming Eid or shortly after it.

Prices 

After announcement of the official launch, premiums on existing and old bookings will increase. The premium could be around 10% to 15%. Here are the market prices of plots.

Plot Size

Booking amount

Total Price

5 marla

PKR 210,000

PKR 2,100,000

7 marla

PKR 259,000

PKR 2,590,000

10 marla

PKR 360,000

PKR 3,600,000

12 marla

PKR 378,000

PKR 3,780,000

1 kanal

PKR 540,000

PKR 5,400,000

2 kanals

PKR 1,060,000

PKR 10,600,000

We hope you will find this article informative and useful for more details contacts us.


Related Blogs