Lahore Smart City

Smart City Lahore is situated along the Lahore By-pass Road near Kala Shah Kaku. Future Development Holdings or FDH is the management consortium that is currently developing Lahore Smart City and Capital Smart City Islamabad. The Lahore Smart City is set to become the 2^nd smart city of Pakistan and will be developed on international standards devised for infrastructural development of global smart cities. A smart city is based on the concept of eco-friendly and sustainable urban development connected digitally. Like Capital Smart City, Lahore Smart City is set to include all civic amenities of life while ensuring a sustainable urban lifestyle for the general population. In a smart city, all the civic infrastructure is based on data. The data is collected via residents, municipal buildings, transportation infrastructure, etc. Lahore Smart City is also set to feature all the amenities that will be provisioned in Capital Smart City Islamabad. Lahore Smart City is set to be developed on an estimated 20000 Kanals. Lahore is the provincial capital of Punjab and one of the most populated metropolis of the world. The urbanization pressure has been increasing in the city’s urban hubs in the past few years. Lahore Smart City is planned to take its part in distributing urban pressure from the city center to suburbs.

Lahore Smart City Developers and Owners

Future Developments Holdings (Pvt) Limited and Habib Rafiq (Pvt) Limited are collaborating on the Lahore Smart City project. These are the names of two major real estate developers in Pakistan. Both of them are experts in their respective fields. They are also well-known around the country for their large projects. HRL is responsible for many well-known projects, including Bahria Town, DHA, the Motorway, and others.

Future Development Holdings (Pvt) Limited is a leading asset management and real estate developer in Pakistan. They contribute to the construction of modern smart cities that provide not only a luxurious lifestyle but also financial benefits to their clientele. The Companies Ordinance of 1984 also applies to FDHL. Several national and international entities collaborated to build this organization which is top real estate leaders with expert-level technical and leadership abilities.

Habib Rafiq Pvt. Limited is another top-tier construction firm in Pakistan. They’re well-known for their award-winning engineering and construction achievements throughout the past fifty years. Certainly, their success is the consequence of their unwavering commitment and dedication to the client’s needs and their job.

The master plan of Smart City Lahore has been originated by a consultancy firm based in Singapore, named Surbana Jurong (SJ) while Norman Foster is a designer of this project. In planning this mega project, Surbana Jurong has successfully transferred the Europe development idea. It offers a diverse range of housing options, depending on density.

The Lahore Smart City has a total land of 20,000 Kanal. The administration has initially created two blocks that are solely for residential use:

• Executive Block
• Overseas Block

The Executive Block is for the investors who want to live a smart lifestyle. This block will be equipped with all of the modern conveniences that make life easier. Plots are currently available in the following categories:

• 5 Marla Residential
• 7 Marla Residential
• 10 Marla Residential
• 12 Marla Residential
• 1 Kanal Residential

Overseas Block

The Overseas Block is reserved for international visitors. It is the most secure and major investment option for Pakistanis living abroad. It was created specifically to fulfill the needs of Pakistanis residing abroad. Plots are currently available in the following categories:

• 5 Marla Residential
• 7 Marla Residential
• 10 Marla Residential
• 12 Marla Residential
• 1 Kanal Residential

Lahore Smart City is a registered housing society with the approval of the Lahore Development Authority (LDA). The No Objection Certificate (NOC) allows a housing community to give all the amenities to its residents legally. A government-designated building and development regulatory authority issue it. As a result of the Lahore Smart City NOC update, the project will have access to all basic services such as water, gas, and electricity.

Location plays a primary role when making real estate investments. It is vital for a real estate investor to know about the pros and cons of a property’s location before investment. Like Capital Smart City Islamabad, the proposed location of LSC is all set to be connected via major road networks to and from Lahore. As per the sources, the proposed location of LSC will be along the Lahore By-pass road with easy accesses from N5 GT Road and Lahore – Islamabad Motorway (M2). The proposed location of Lahore is one of the best in the region because of its ease of access from the main Lahore city areas. Real estate veterans have welcomed the debut of LSC. According to some real estate agents, this project has the potential to become as successful as Bahria Town. The agents reiterate the fact that LSC’s proposed location enjoys great access from 2 major road networks connecting Lahore with the rest of Pakistan. This makes it a premium investment hotspot for investors who are looking for positive mid-long term yields on their investments.

Lahore Smart City is a legal housing project and Lahore Smart City NOC is approved by Lahore Development Authority. Like Capital Smart City, the LSC is also set to comprise 2 major blocks.

• Executive Block
• Overseas Block

The executive and overseas blocks of Lahore Smart City are set to include the following sizes of plots:

• 5 Marla Residential
• 7 Marla Residential
• 10 Marla Residential
• 12 Marla Residential
• 1 Kanal Residential

As per sources, the Lahore Smart City location and the map are officially released by FDH and they are designed appropriately.

The plots for sale in Lahore Smart City are available in installments with easy payment plans. Like Islamabad Capital Smart City, the LSC is also set to have 10% down payment plan followed by confirmation payment and equal quarterly installments. The following Lahore Smart City Payment plan and installment Plans are available for prelaunch bookings. As per the soft launch, the following payment plan is available for LSC for early investors.

Executive Block (Residential)

5 Marla   Rs: 2,685,000/-

7 Marla Rs: 3,490,000/-

10 Marla Rs: 4,945,000/-

12 Marla Rs: 5,425,000/-

1 Kanal Rs: 8,050,000/-

Overseas Block (Residential)

5 Marla  Rs: 2,845,000/-

7 Marla Rs: 3,700,000/-

10 Marla Rs: 5,325,000/-

12 Marla Rs: 5,750,000/-

1Kanal Rs: 8,490,000/-

These rates are subject to revision soon. Also, the above-mentioned payment plan for LSC does not include development charges and all of these plans are based on 3.5 years installment plans.

The 3.5 Marla Harmony Park plots, the newest offering from Lahore Smart City, are the perfect choice for people looking for an economical yet opulent living environment. These plots are positioned to reinvent modern life in Lahore thanks to their outstanding amenities, flexible financing options, and desirable locations. The main characteristics, location, payment schedule, and commonly asked questions relating to the 3.5 Marla Harmony Park plots in Lahore Smart City will all be covered in this article.

The recently launched 3.5 Marla Harmony Park plots in Lahore Smart City are garnering enormous appeal due to their affordability and ideal size. Harmony Park offers affordable luxury. These plots provide a blend of contemporary comforts and opulent extras, resulting in a setting that seems like heaven. The 3.5 Marla Harmony Park plots are ideal for people and families looking for a luxurious yet inexpensive location to live. They provide an unmatched living experience.

The Lahore Smart City is all set to launch along the Lahore By-pass road. This housing society is initially planned on 20000+ Kanals of land and will replicate the international standards of infrastructural development as being carried out in Capital Smart City Islamabad. The location of Lahore Smart City makes it a worthy society for mid-long term real estate investments.  Like Capital Smart City Islamabad, the LSC is also divided into two main residential blocks i.e. overseas and executive blocks.

The booking process of Lahore Smart City is easy and smooth if done through Deal & Deals.

• The first step is that your Asset Manager at Deal & Deals will guide you through the features, location, and map of Lahore Smart City along with explaining the investment potential.
• Once done, you will be asked to produce 2 passport-size photographs along with a copy of your CNIC. You will also have to provide a copy of your nominee’s CNIC.
• Once you have the documents in order, your asset manager will guide you to fill the booking form.
• After you have completely filled the booking form, you will then need to attach the payment instrument. Your Asset Manager at Deal & Deals will guide you through this process.

And this is it! Once you have submitted the form, your plot will be booked in your name. All other formalities will be taken care of by Deal & Deals.

At the time of launch, the management of Lahore Smart City was mainly focusing on the residential plot categories, but a few months back they announced to launched Commercial plots as well. The Commercial block in Lahore Smart City is the most awaited land in the market and finally, the concerned authorities have launched commercial plots.

The management has launched 4 Marla & 8 Marla plot categories in the Commercial Block of Lahore Smart City on affordable pricing when compared with neighboring societies. All sorts of potential buyers are interested in commercial investment in this society, and according to property insights, this commercial block is going to be sold out soon.

The commercial plots are launched both in Overseas Block & Executive Block which are now available for bookings for local and overseas Pakistani’s respectively. Currently, as per the Lahore Smart City Commercial Block Payment Plan, the booking price of 4 Marla plots in Overseas Block is 945,000 & the price of 4 Marla plots in Executive Block is 895,000. Similarly, the cost of 8 Marla plots in Executive Block is 1,745,000, and the cost of 8 Marla plots in Overseas block is 1,795,000.

The total number of installments to be paid to get commercial plots on Installment is 14 which is quite manageable. No doubt, Lahore Smart City Commercial is a huge success.