The Lahore Smart City will be Pakistan’s 2nd Smart City and will be developed according to International Standards of Global Smart Cities infrastructure. A Smart City relies on a digitally connected concept of eco-friendly and sustainable urban development. Lahore Smart City, like Capital Smart City, will include all municipal amenities while guaranteeing the general population a sustainable urban lifestyle. 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 will be built on approximately 20000 kanals. Lahore is Punjab’s provincial capital and one of the world’s most populated metropolises. In recent years, the urban hubs of the city have been under increased urban pressure. Lahore Smart City will take its part in distributing the urban pressure from the city center to the suburbs. Lahore smart city falls under the list of all grand residential projects. Besides all others, this will be the first initiative that will amaze everybody in entire Pakistan. This comes as the 5th Smart City initiative in Asia and 2nd in Pakistan. In record time, it is the most common residential scheme because of its new construction and exclusive features. The developers designed this to be an environment-friendly smart city in Lahore.
Lahore Smart City’s Ownership is an alliance between Habib Rafiq Pvt Limited and Future Holding Developments Pvt Limited.
Future Holding Developments (Pvt) Limited
FDHL is the name of the leading Pakistani asset management team and Real Estate, Developer. They help with the development of modern-style smart cities.
Habib Rafiq Pvt. Limited
Habib Rafiq Pvt. Limited is another leading construction group in Pakistan. They are well known because of their well-acclaimed engineering and building programs over the last fifty years. For sure, their success is proof of their ultimate commitment and responsibility towards the client‘s requirements and their work.
Blocks of Lahore Smart City
There are two main blocks in Lahore Smart City. Overseas Block and Executive Block.
The Lahore Smart City Executive Block will be equipped with state-of-the-art facilities will be an incredible investment opportunity for people living in Lahore and all over Pakistan.
The Lahore smart city overseas block is exclusively reserved for overseas Pakistani living abroad. Regarding this, the smart project has agreed to include many companies and precious investments for overseas Pakistani to invest here. The overseas block is the center of this entire smart project because of its ultimate location, features, and services. Soon this block is intended to be the most desired destination for those Pakistanis who live abroad.
Benefits of investing in Overseas Block
In the entire smart housing project, the overseas block has importance and provides a lot of benefits too. Also, it portrays the appreciation and recognition for the contributions and hard work abroad Pakistani has provided to Pakistan. This smart society is assuring an entirely stable and beneficial chance to the overseas people of Pakistan to come and invest here. To make this process completely smooth, online booking has been initiated.
Lahore Smart City is going to launch commercial blocks in different sizes very soon.
- 4 Marla
- 8 Marla
The features of this project are:
- To deliver a residential place of high and international standards.
- Promote the usage of Electrical Vehicles
- To provide the exceptional, innovative, smart, and ideal living environment
- To provide a golden chance to those who want to adopt an evolving lifestyle to enhance their living standards according to contemporary time
- Introducing more peaceful, smart, and remarkable living standards
- Offering high-value status to those who choose this place
- The best quality and standardized lifestyle with much ease and convenience in payments
They have planned 8 Nos. of Neighbourhoods and 6~8 blocks in one neighbourhood. So in total there will be approximately 50 blocks.
Out of all balloted plots, anyone can apply for possession on a minimum 60% payment. In this case, the member will submit the affidavit that all due instalments will be paid on time otherwise the company has the right to change the location.
Lahore Smart City is not like a normal housing scheme, it is going to be a first smart city. Exclusive features of the projects include a clean and tranquil environment far from the chaotic life of Rawalpindi and Islamabad. It will use smart city technologies to ensure public safety, health, security, entertainment, transportation, environmental hazards and air pollution.
The development work has been already started in the society, the work on Main Boulevard is almost completed, the construction of the mosque has also commenced among other development. For more details kindly read under the Lahore Smart City Development heading in the article above.
The possession of the plots in the overseas and executive block is expected to be granted by the first quarter of 2020 to the investors who will have cleared their due payments by then.
The Lahore Smart City will be a self-sustainable housing society with plenty of unique features such as BRT system, Climate control apps, free Wi-Fi hotspots, traffic control apps, surveillance systems, appliances control apps and much more.
Lahore Smart City is a society worth investing in, it is a golden investment opportunity for the long term as well as short term investment plan.
Plots in Lahore Smart City can easily be bought on installments. Payment plans and rates of plots are given in the article.