Capital Smart City Islamabad Latest News and Updates in October 2022

What is Capital Smart City, and how does it differ from other smart cities? Why is the smart city getting so much attention? What draws people from all around the world to it? Let us get the answers to all of these and also explore the latest Capital Smart City News and Updates.

Capital Smart City News and Updates

Pakistan’s Capital Smart City (CSC) is a cutting-edge housing development. Pakistan’s first ‘Smart City,’ ranking fourth in Asia and 23rd globally. Because of its modern amenities, speedy construction pace, dependable developers, optimum design and infrastructure, it is quickly becoming one of Pakistan’s most popular and successful housing societies.

The first question that comes to mind while thinking about the concept of Smart Cities Housing Project Development in Real Estate is: What is a Smart City? It is a residential society that employs technology with the purpose of providing smart services and solving urban issues. A smart city improves mobility and accessibility, as well as social services and sustainability.

Capital Smart City Latest Updates

Officials from the Capital Smart City Islamabad made a variety of announcements and outlined their goals for the year 2022. The main consequences are shown below.

The Master Plan was amended from 55,000 to 100,000 Kanal, and it will be increased to 150,000 Kanal in the near future.
They will authorize the possession of Overseas Central in the last quarter of 2022.
Balloting of Harmony Park, Overseas Prime, and Overseas Central (Overseas II) will take place in the first week of May 2022.
They are launching a new block named the Overseas West.
There is a discount of 5% on Advance Instalments till November 13th, 2021.
Road construction is prioritized to make travel on the site more convenient. The nearly 300-foot-long Main Boulevard is nearing completion.

Capital Smart City NOC Updates July 2021

For the construction of this region, the housing society has acquired an additional and updated NOC of 17,602 Kanal, as well as preliminary planning clearance. In addition, with a total of 25,000 Kanal of NOC certified land from RDA, it has now become Pakistan’s largest NOC Approved Smart Housing Project. They are obtaining more approvals as well.

The management is working relentlessly for all of its investors, prospective residents, and international clients. They want to deliver a state-of-the-art, ultimately tranquil living destination with simple bookings, procedures, and plot allocation. Indeed, it is going above and beyond its commitments in terms of developing, building, and delivering smart housing project objectives on time.

Capital Smart City Results of the Balloting

On Saturday, December 21, 2019, this smart society hosted its inaugural e-Ballot. The first ballot, which included Overseas-I and Executive Block-I, proved to be a huge success. However, that event also included a smart city site tour and launch. Despite the fact that the ballot was supposed to take place in 2021, the authorities accelerated their work. As a result, they were able to complete it ahead of schedule.

The costs of the balloted plots in the smart society are greater after the initial balloting, and hence they offer more advantageous returns. We advise our investors and clients to pay their plot instalments on time so that the plots are ready for the Second Balloting in 2021. Following that, making your required instalments will put your smart city plot on the second ballot, resulting in beneficial returns.

Latest News of Balloting for Overseas Central

The issuance of acknowledgement receipts had been extended for one month due to the customers’ requests. Currently, it has been closed. The balloting will take place on 12th March 2022. There shall be no further extension, hence the members for the selection of plots are required to meet the timeline.

Plot selection is available to members who acquired plots in 2018 and 2019. They must come to the head office between February 14 and February 20, 2022, to select a plot (Sunday will be a working day).

Similarly, members who acquired plots in 2020 and 2021 will be notified by the head office to select a plot between February 21 and February 27, 2022.
Members from other countries will make the selection by email. To avoid any errors, they should choose at least five possibilities.

Note: This notice is exclusively for members listed in the prior notice with the reference numbers FDHL/M & S/08/21/0418.

Updates on the Capital Smart City Allotment Process

All balloted plot members in the Capital Smart City Overseas Block – 1 and Capital Smart City Executive Block – 1 are required to submit the smart city allotment form along with the required fee to get their allotment certificates.

Also, from February 1, 2021, all balloted plots will require an Allotment Certificate for transfer.

To apply for an allotment certificate, you must pay all Smart City Plot Instalments due until December 2020. Charges for allotment certificates, for example, are as follows:

Smart City Plots of 5 and 7 Marla are accessible for PKR Two Thousand Only (2,000).
Smart City Plots of 10 and 12 Marla are accessible for PKR Three Thousand Only (3,000).
Smart City Plots of 20 Marla are available for PKR Three Thousand Only (3,000).
Smart City Plots of 2 Kanal are available for PKR Five Thousand (5,000) each.

Capital Smart City Interchange

The unrivalled Capital Smart City (CSCI) is already exceeding investors’ expectations. In such a short time, the lodging society has made incredible growth. It has now started construction on an attractive interchange that will improve access to the housing plan.

Capital Smart City’s Group COO is Mr. Muhammad Malik Aslam. He went over the new interchange design in detail. So, let’s take a look at the most recent development of the interchange, which has broadened the definition of the ideal real estate fantasy.

Smart City was initially only accessible via Chakri Road. The M2 Motorway provided no direct access. As a result, visitors entering the housing society via Chakri Road had to travel a longer path of over 40 minutes.

As a result, an interchange connecting the M2 Motorway to the housing society was critical. Furthermore, the National Highway Authority-approved intersection will minimize the extra time that tourists often spend on getting to the housing society.

Location of Capital Smart City Interchange

The interchange will be built in front of the Overseas Block 2. It will travel through the block and continue on to its link with Main Boulevard. Residents will have easier access to the New Islamabad International Airport thanks to the Capital Smart City Interchange.

Procedure for Capital Smart City Interchange

The design part of the project will be divided into stages, starting with conceptual design and ending with final design. Furthermore, the interchange design has been presented by the management of Islamabad Capital Smart City. There are two steps to the operation.

To begin, the concept design must be accepted. It is delivered to the appropriate department along with a report. It is anticipated to be approved in the upcoming weeks.

The contracting authority is primarily responsible for the design. The government, on the other hand, has the power to examine the structure and report any contract violations to the private jurisdiction.

They cannot start construction until the NHA has granted its approval after assessing the design. Moreover, the management will go on to the second step of the procedure after it has been accepted. The structure is designed in the second stage. Initially, the venture designers will devise a strategy for assessing pipes, bridges, and other infrastructure. They will then submit it for review.

Conclusion

This is all you needed to know about latest Capital Smart City news and updates. There is no better excellence than what you shall find at this smart society.

You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad , and Nova City Islamabad.

Few more real estate housing schemes which are trending now a days in Islamabad, including: Eighteen, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town, Marble Arch Enclave and New City Paradise.

If you are interested in booking your own Capital Smart City Smart Plot, we are here to help you.

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