Lahore Smart City
Lahore Smart City
Lahore smart city is the first smart city in Lahore and 2nd smart city in Pakistan. It is built on all the modern and unique designs. Additionally, Lahore smart city comes under the biggest projects. The idea of Lahore Smart City is revolutionary and grand in nature. Furthermore, Lahore smart city isn’t a small project. In fact, it is the 5th smart city in Asia. It is a revolutionary project with a smart vision in mind. Moreover, Lahore smart city incorporates all the technological advance features.
Lahore smart city is develop to provide opportunities to all kind of real estate needs. It will cater all residential and commercial needs of its investor. Furthermore, Lahore smart city is developed on a vision of sustainability and eco-friendly environment. Additionally, Lahore smart city infrastructure is mostly based on data collected through residents, municipal buildings, and transportation infrastructure etc. Moreover, Lahore Smart city is located near Lahore By-pass Road near Kala Shah Kaku.
Lahore Smart City Developers
Future Developments Holdings (Pvt.) Limited (FDHL):
Habib Rafiq Pvt. Ltd. (HRL):
HRL has working experience of real estate for decades. They are responsible for some very prestigious and recognized projects in Pakistan. In addition, their achievement is a result of dedication and hard work. They work day and night to complete the needs of their customers. Moreover, HRL has an experience of development in both industrial and infrastructure landscape. They are the biggest infrastructure developers of Pakistan.
Design of Lahore Smart City
Design is very important when it comes to any real estate or housing scheme. Additionally, the design of Capital Smart City is very advance and modern in nature. In fact, the credit of this beautiful infrastructure goes to Surbana Jurong. It is one of the Asia’s biggest engineering, urban and infrastructure organization. Furthermore, Surbana Jurong is also responsible for the master plan of Lahore Smart City. This company really wants to create a smart design of the society with a lot of facilities and amenities.
Location of Lahore Smart City
Location is very important and plays a primary role in any real estate investments. Additionally, location is one of those factors which makes any real estate investment a priority for investors. Moreover, Lahore Smart City just as Capital smart City Islamabad, the newly suggested location of Lahore Smart City is very feasible. Lahore Smart City will be connected through all the major road networks to and from Lahore.
Furthermore, the suggested Lahore Smart City Location will be present adjacent to the Lahore Bypass road. In addition, Lahore Smart City with easy access from N5 GT Road and Lahore/Islamabad motorway. The newly suggested location of Lahore Smart City is one of the best in the region. In fact, one of the reasons for the attraction is its ease of access from the main Lahore city.
The real estate market of Lahore is in its prime. Additionally, Lahore Smart City is welcomed by the real estate investors of Lahore. Lahore Smart City is famous for the fact that it has access to two main road networks which connect Lahore with the rest of Pakistan.
Lahore Smart City NOC (No Objection Certificate)
Lahore Smart City overseas block is a very prominent feature. Additionally, Lahore Smart City will be the 2nd investment society to have overseas block. This block will be exclusive to cater all the overseas Pakistani’s need. Moreover, the goal of Lahore Smart City is to become the most famous among overseas Pakistani’s. Following is the payment plan for overseas block :
Lahore Smart City Commercial Block
As Lahore smart City has tried to take care of every investment need of property investors. Furthermore, the commercial block will cater to the needs of people who want to invest for business purposes. Additionally, these plots are available in 14 very easy installments.
Lahore smart 4 Marla and 8 Marla plot care launched which are much more feasible than any other society with these standards. Property investors are very interested in investing in this block. Moreover, these plots are selling very soon so they will not be available later.
In addition, commercial plots are already launched in other blocks such as Overseas Block & Executive Block. In fact, the booking price of 4 Marla plots in the Overseas Block is 945,000 pkr and the price of 4 Marla plots in the Executive Block is 895,000 pkr. Additionally, the cost of 8 Marla plots in the Executive Block is 1,745,000, and the cost of 8 Marla plots in the overseas block is 1,795,000.
Elements of Smart City
The main goal of Lahore Smart City is sustainability, uniqueness and different development. Moreover, there are some unique element of Lahore Smart City which makes it different from other societies of Pakistan. These elements are:
1. Smart Economy
2. Smart Housing
3. Smart Environment
Frequently Asked Questions (FAQ's)
What is a smart city and how is it different from other cities?
A smart city is one that is completely based on artificial intelligence. The City is also a smart city that is based on the Internet of Things (IoT). All the things in this project will be handled through the internet. It is an innovative project that is launched for the first time in Punjab. There is no similar project in Punjab. A project in Islamabad, named Capital Smart City is launched by the same developers. So, Capital Smart City is the first project launched in Pakistan, and LSC is the second one.
Is this City a legal society?
Yes, it is a completely legal society. Its NOC or No Objection Certificate is approved by Lahore Development Authority i.e. LDA
When the owners will start working on this project?
The authorities of the Smart City have started working on City Development. There is roof work going on of many buildings. The carpeted B1 road is also completed.
When the management will grant possession of the plots?
A great number of people are booking their slots in the City on daily basis. After getting the required number and when people will complete their documents then hopefully then they will start giving possessions through balloting.
Whether this project is suitable for short-term investments or long-term investments?
One can definitely go for a long-term investment when it comes to real estate. Any piece of land makes it worth the passage of time. As far as This Smart City project is concerned, it is completely based on the internet. As its name represents it will be smart with unique features. So, it is definitely a long-term investment because the world is moving toward Artificial Intelligence. With this perspective, it will surely give an advantage in the long run.
In Conclusion, Lahore Smart City provides investors with the opportunity to invest in the 2nd smart city of Pakistan. Everything about Lahore Smart City is executive and unique. Additionally, it is providing people with the opportunity to invest in an eco-friendly and sustainable society. Smart City is a new concept which is one of the reasons for investor’s attraction to invest.
Finally, the facilities and state of the art technology which is used in Lahore Smart City makes it more unique than any other society of Pakistan. It has a Contemporary infrastructure with multiple landmarks nearby.