The real estate sector of Pakistan is booming. The main reason for this exponential growth in the real estate sector of Pakistan is the recent reform and relief package for this sector and the construction sector. The real estate sector was stagnated in the past months due to mammoth taxes and duties imposed by the government. However, with the introduction of the relief package for this sector, the real estate sector of the country is quickly moving towards stability with ample supply and demand in the market. Islamabad is the capital of Pakistan and the real estate sector of this city has also grown tremendously in the past few months. Due to the government’s relief package, the city has witnessed a myriad of new real estate projects being launched and the progress of work on ongoing projects has hiked up as well. According to the real estate experts of the region, veteran investors are already in the market and the current scenario has also encouraged new real estate investors to take part in real estate transactions. The private housing societies in and around Islamabad and Rawalpindi are also offering some spectacular investment opportunities for new and veteran investors alike. In fact, due to the fact that some upcoming mega projects of civic and national interests are lined up for the city, the area between Chakri Interchange of the Lahore – Islamabad motorway until Sangjaani Toll Plaza has become a hotbed for real estate investments. Although there are a number of new and old housing societies in this region, but Capital Smart City Islamabad and Blue World City Islamabad is the best options for the investors who want to play it safe and big in the current scenario.
Capital Smart City Islamabad:
Capital Smart City Islamabad is one the most futuristic and modern private housing scheme being developed in suburban Islamabad and Rawalpindi. The housing scheme is a project of Future Development Holdings – a wholly-owned corporation of Habib Rafiq Limited – HRL. The developers of Capital Smart City – HRL – is a successful Pakistani real estate company and urban development conglomerate that has completed and delivered a large number of projects throughout Pakistan and abroad. The HRL group enjoys an impeccable repute in the real estate sector of Pakistan and has delivered real estate projects for some of the biggest names of the country such as Defense Housing Authority and Bahria Town. Apart from this, the Habib Rafiq Group also undertakes projects of civic importance from the Government of Pakistan and their most recent achievement has been planning and developing the New Multan International Airport. Apart from developing a series of smart cities in Pakistan, the HRL is the owner, developer, and manager of Royal Orchard Housing Schemes spread throughout Pakistan. The immensely positive repute of the developers is one of the key reasons that investors are investing in Capital Smart City.
Another reason for investors to choose Capital Smart City Islamabad is its location. The capital smart city Islamabad is located on the edge of Lahore – Islamabad motorway near to the Thallian Interchange. This is one of the few housing societies of the region that have an approved dedicated motorway interchange. The interchange is currently being developed by HRL in collaboration with Frontier Works Organization. Apart from this, the Capital Smart city is located on a 5-minute drive from the new Islamabad International Airport. Also, the upcoming mega project of Islamabad and Rawalpindi, the 65 KM economic corridor called the Rawalpindi Ring Road is set to bisect the housing society at a distance of around 1.5 KM! Apart from this, the Capital Smart City Islamabad is easily accessible from the urban hubs of Rawalpindi and Islamabad through the Thallian Interchange on the motorway and the Chakri Road of Rawalpindi. The Capital Smart City also enjoys close proximity to the upcoming China Pakistan Economic Corridor designated route and will have direct access from the aerotropolis that will be developed at the intersection of motorway and Rawalpindi ring road near the Murat Interchange. According to the real estate experts of the region, the location advantage of Capital Smart city is immense since it is located at the cross-section of some mega highways that connect it to the rest of Pakistan easily.
The capital smart city is meant for investors and end-users who are looking to enjoy a high luxurious lifestyle in Pakistan without having to compromise on any aspect. Also, it is meant for overseas Pakistanis that want to eventually call Pakistan’s capital their home without compromising on high-grade civic amenities and facilities that they were enjoying while being abroad. This management of Capital Smart City decided to make the first smart city of Pakistan in order to capitalize on the concept of eco-friendly and sustainable living.
Lake View Terraces in Capital Smart City:
The administration of Capital Smart City is ardent and committed to bringing some of the best living facilities for their clients and future residents of Capital Smart City. The capital smart city Islamabad is subdivided into 8 small and big districts that will be forming a framework to shape up the vibrant community which chooses to make Capital Smart City it's future home. The Lake View Terraces is one such sub-district of Capital Smart City that is all set to make it big and vibrant once developed. The Lake View Terraces is a vertical residential sub-community within the Capital Smart City that will be located at the helm of Chahan Dam. This dam is one of the most picturesque and serene areas of Capital Smart City and its natural lake is currently being upgraded to become like Dubai’s Marina lake located next to the DAMAC metro station. The terraces are being developed as smart apartments for future residents who would like to have a scenic view of the lake and surroundings. The groundbreaking ceremony of the Lake View Terraces took place last year and the development work is currently ongoing. The terraces will be stand-alone condominium type loft apartments that will not only provide tranquil views of the lake but will also provide a complete set of smart services available throughout Capital Smart city Islamabad.