Introduction
Lahore Smart City is the second smart city located at Lahore Bypass. The remarkable residential complex is set to change the dynamics of the real estate sector, as the community is equipped with all the luxurious facilities and amenities.
High-quality architecture, high standard of living, contemporary construction, exceptional layout, and smart and efficient designs make this smart City a profitable investment opportunity in Lahore. Just like Capital Smart City, Lahore Smart City aspires to provide its residents with eco-friendly and sustainable settings without compromising on a luxurious lifestyle.
Developers
Lahore Smart City is the result of a partnership between reputable firms. Many minds come together to create a remarkable smart city with every modern convenience. It is the fruit of the joint effort of Habib Rafiq Pvt. Limited (HRL), Future Development Holdings Pvt. Limited (FDHL), and Surbana Jurong (SJ). The developers are known for delivering state-of-the-art projects in the past.
Master Plan
Highly talented and skilled experts invested their time and hard work formulating the great master plan of Lahore Smart City. The experts have worked around the clock to ensure that the master plan comprises all the basic and luxurious amenities. Further, the masterplan of this wonderful housing society depicts that the community will be divided into different blocks, including overseas and executive blocks, that are solely for residential purposes.
Habib Rafiq Pvt. Limited
Habib Rafiq Private Limited symbolizes supremacy in the real estate sector. They have come a long way only because of their honesty, hard work, and efforts. HRL is the developer of some of the most prestigious and magnificent residential complexes, i-e DHA, and Bahria Town.
These two housing societies have taken the real estate sector to new heights. The same is the expectations from Lahore Smart City as it is developing under the umbrella of the same developers, who leave no stone unturned to meet customers’ expectations.
Future Development Holdings Pvt. Limited
Future Development Holdings Private Limited is the name that needs no introduction. It is the union of China Liaoning International Economic and Technical Cooperation Group Corporation Ltd. (CLIC) and Engineering Dimensions Limited (EDL).
They are known for developing contemporary projects. Their goal is to provide people with an elite lifestyle, advanced technological breakthroughs, and smart properties at affordable prices. Lahore Smart City, Capital Smart City, and M2 Smart Industrial Park are some of the notable projects of FDHL.
Surbana Jurong
Surbana Jurong is an international consultancy firm whose headquarters are in Singapore. The reputed enterprise has the privilege to develop the master plan of this splendid complex. Surbana Jurong is one of the largest consultancy firms for infrastructure development in Asia.
Other Member Companies
Some member companies are assisting in developing this magnificent marvel, which is as follows.
- Infratech
- Royal Orchard Housing
- Engineering Dimensions Private Limited
The masterplan of this wonderful housing society depicts that the community will be divided into different blocks, including overseas and executive blocks, that are solely for residential purposes. These blocks are further divided into multiple districts and zones, which are as follows.
- Sector A and B are specifically for residential purposes
- Panda Mart and the mix has residential and commercial plots
- Logistics and outlet malls having mega malls
- Lahore theme park
- Sports district
- Health and education district
- Food tech valley
- Grand Jamia Mosque
- Cultural Village
- Central business district featuring commercial hubs
- Silicon Valley and business park
- Gate precinct
- Global Village
- Lahore Market and Business Terminal
- Golf view residence
- Waterfront residence zones 1, 2, 3 and 4
- Downtown Lahore
- Boulevard Heights
- Overseas block zones 1, 2, 3, and 4 have residential and commercial properties.
- Executive block zones 1, 2, 3, and 4
- Golf course
Location
Location is one of the most critical factors that impact the investor’s decision. When it comes to Lahore Smart City, it has a prime location. It has a highly accessible location that connects this incredible smart city to Lahore through a central network point. It is located near Lahore Bypass. Lahore Islamabad Motorway (M-2), N5, GT-Road, and Rawalpindi Ring Road are nearby. Most investors are inclined toward this contemporary project mainly because of its prime location.
Map
The map of Lahore Smart City shows it has a strategic and accessible location. The smart city’s map is accessible from many areas. The residents and investors can easily access this smart city through significant link roads, like Rawalpindi Ring Road, GT-Road, and N5.
Total Area
Lahore Smart City has a total area of 20,000 Kanal.
Access Points
As mentioned above, Lahore Smart City has an ideal location that can be easily approachable from different areas.
The distance between different access points and this incredible housing society is as follows.
- GT Road is at a distance of 4 minutes from this marvelous residential hub
- M-11 Motorway is only 9 minutes away
- Lahore Islamabad Motorway (M-2) is another major access point, as it is just 9 minutes
- Residents can easily access this community from Lahore Ring Road, just 19 minutes away
- Kala Khatie Narang Mandi Road is at a drive of 11 minutes
- Allama Iqbal International Airport is just 30 minutes away
- Lahore Chak 44 road and NH45 GT Road are also close to this ravishing society
NOC and Planning Permission
After location, the No Objection Certificate is another critical element in making the societies risk-free. Investors are more inclined toward societies having high-profit margins. Regarding Lahore Smart City, its NOC has been endorsed by Lahore Development Authority (LDA).
Salient Features
Lahore Smart City is a residential marvel that aspires to provide its residents with all the contemporary amenities. It has everything a person desires to live a comfortable and peaceful life.
Following are the salient features of this exceptional residential hub.
- Prime location
- Shops
- Approved NOC
- Affordability
- Underground electrification
- High-end security
- Wide roads
- Water resources
- Main boulevard
- Eco-friendly environment
- Smart apps
- Exquisite entrance
- 24/7 availability of gas, water, and electricity
- Quality development
- Sports Complex
- Water disposal system
- World-class infrastructure
- Water sewerage system
- Fiber optics
Facilities and Amenities
Lahore Smart City has all the high-end amenities in store. This town aims to provide all the contemporary facilities at affordable prices. In this smart city, a huge area has been preserved for parks and gardens to offer its residents an eco-friendly and close-to-nature environment. Walking and jogging tracks are also part of Lahore Smart City so that residents can have a luxurious and healthy side-by-side experience.
Following are the facilities and amenities that this spectacular marvel provides.
Eco-Friendly Environment
The community provides its residents with an eco-friendly and peaceful atmosphere. Breathtaking views, greenery, aesthetically pleasing landscapes, serene settings, and pollution-free air are some attributes of Capital Smart City’s environment.
Education Complexes
Educational institutes are part of this society’s remarkable master plan. Highly qualified and proficient professors will be recruited in educational institutes that impart education to students.
Water Resources
While residing in Lahore Smart City, you don’t have to worry about the availability of water, as the water will be available 24/7. Further, filtration plants will be constructed within society’s premises to provide its residents with clean and purified water.
Health care Facilities
The smart city will have state-of-the-art hospitals where doctors will be active 24/7. In any emergency, the residents won’t have to worry; help will be a step away.
Business and Commercial Hubs
Lahore Smart City’s developers have also taken into account the business and commercial needs of its residents. They plan to construct a residential hub within the community’s premises where residents can get opportunities and support for their businesses.
Security
Security is the topmost priority of smart city developers. They aspire to provide their residents with a safe and secure environment. The gates of the community will be heavily guarded. CCTV cameras will also be installed within society’s premises to ensure the complete safety of residents.
Blocks
The remarkable master plan of Lahore Smart City shows that the society has two major blocks, which are as follows.
- Overseas blocks
- Executive blocks
Overseas Blocks
The Overseas blocks of this phenomenal smart city are designed explicitly for Pakistani citizens who live Overseas. The block features international standards of living. Here the residents will have access to all the luxuries found abroad.
Residential Plots
The Overseas block provides the following sizes of residential plots.
- 5 Marla
- 10 Marla
- 1 Kanal
Commercial Plots
Overseas block offers the following commercial plots.
- 4 Marla
- 8 Marla
Executive blocks
Executive blocks of this splendid housing society are specifically designed for people who want to enjoy all the luxuries of life. The block has access to all the contemporary amenities. Here the individual can find everything that a person desires to spend a happy and luxurious life. Health care facilities, education complexes, mosques, residential villas, and plots are part of the Executive block.
Residential Plots
Executive block offers the following sizes of residential plots.
- 5 Marla
- 10 Marla
- 1 Kanal
Commercial Plots
The following sizes of commercial properties are available for purchase in the Executive block.
- 4 Marla
- 8 Marla
Overseas blocks and Executive blocks are further divided into many districts.
Payment Plans
Lahore Smart City features an easy instalment plan of 3.5 years. All the properties here are available at affordable prices. If you want to purchase a plot in this remarkable smart city, all you have to do is to pay the 10% as a down payment, followed by confirmation charges. Then the rest of the amount is payable in equal quarterly installments.
Further, you can avail of a discount of 5% by paying a 50% payment and a 10% discount on a lump sum payment. Extra charges will apply to category plots.
5 Marla
To get your plots in the executive blocks of Lahore Smart City, the investors have to pay a total price of Rs 2,685,000 /- at a booking price of Rs 268,000 /-.
For the 12 quarterly installments, the investors must pay Rs 179,000 /- on each installment.
7 Marla
The total price of the 7 Marla is Rs 3,490,000 /- with a booking rate of Rs 349,000 /-.
For the 12 quarterly installments, the investors must pay Rs 322,700 /- till the 11th installment and Rs 232,300 /- on the 12th installment.
10 Kanal
The total price of the 10 Marla is Rs 4,945,000 /- with a booking price of Rs 494,000 /-.
The investors paying through the installments plan have to pay Rs 329,700 /- till the 11th installment and Rs 329,300/- on the 12th installment.
How to Book your Plot?
If you want to opt for manual booking, follow the below-mentioned steps.
- Print the application form and fill it out carefully
- Then deposit the down payment with the processing fee
- Or you can also transfer payment via bank
If you don’t want to go manual booking, Smart E-booking is another option to book your plot in Lahore Smart City.
- Submit the online form
- Pay the down payment online via Master card, and Visa card
- Or you can also transfer payment through a bank
Documentation Requirement for Booking
The following documents are required for booking a plot in Lahore Smart City.
- Passport size photographs
- CNIC copy
- NICOP is required for Overseas citizens
- CNIC of your close relative
Latest Developments
Lahore Smart City is an approved housing society. It aims to provide its residents with a sustainable and eco-friendly environment. The development in this community is going on at a fast pace.
Balloting
The Balloting for Lahore Smart City is expected to start in 2022. Although FDHL and HRL didn’t make an official announcement, it has been speculated that the first balloting overseas and the executive block will occur.
Benefits of Investing in Lahore Smart City
Following are the benefits of investing in Lahore Smart City.
- The second smart city of Pakistan
- Eco-friendly environment
- Highly approachable and ideal location
- High standards of living
- Affordable prices
- Residential and commercial plots
- Reliable and reputed developers
- High-end facilities
- Development at a fast pace
- Approved NOC
Pros and Cons
Following are the pros and cons of this striking smart city.
Pros
- 24/7 availability of gas, water, and gas
- Smart applications
- Approved community
- Peaceful and sustainable settings
- Strategic location
- Luxurious lifestyle
- Development at a fast pace
Cons
- Development under process
Conclusion
Lahore Smart City is the second smart city in Pakistan that aspires to provide top-notch amenities to its residents. This residential hub has the perfect location, making it a profitable investment opportunity. Its NOC has been approved by LDA, which ensures a high-profit margin. It is a dream place for those who want to live by enjoying all life’s luxuries. So, in a nutshell, Lahore Smart City is not only a perfect place to buy your dream house but is a cost-effective investment opportunity.