Lahore Smart City is an upcoming mega real estate project set for development in the expanding urban landscape of Punjab’s provincial capital. Slated to be a smart and innovative initiative, the project will occupy a prime location within the metropolis – offering a comprehensive range of residential plots (along with the best community-living facilities to match!).
With its various exciting features, Lahore Smart City will be the fifth developmental venture of its kind in Asia – and the second in Pakistan. Drawing on the construction elements of modern real estate developments, the project will further come as the biggest eco-friendly initiative in the city – ripe for the stake-holding pursuits of both genuine buyers and investors alike.
In basis, Lahore Smart City is a project-resultant of the alliance between Habib Rafiq (Pvt.) Limited and Future Holding Developments (FHD). The project’s master plan is currently under draft by a Singapore-based consultancy organisation.
The salient features of this grand residential initiative include the offerings of a community lifestyle, modern infrastructure and architecture, high-quality urban amenities, and rigid international standards’ compliance in all project design and development elements.
LAHORE SMART CITY LOCATION
The Lahore Smart City location falls on the Lahore Bypass near Kala Shah Kaku, a point easily accessible not only from the Main GT Road but also from the Lahore-Islamabad Motorway (M-2) and the Lahore-Sialkot Motorway (M-11).
Furthermore, the project’s positioning becomes even more significant due to its accessibility from the Lahore Ring Road – making it approachable from all major parts of the city.
LAHORE SMART CITY MASTER PLAN
When initiating the Lahore Smart City master plan framework, the project developers envisioned the creation of a high-level urbanised initiative; a residential society that would offer affordable yet efficient living spaces along with innovative and consumer-driven facilities.
As per the project plan, the development will comprise two blocks; namely the ‘Executive Block’ and the ‘Overseas Block’. Each of these sections, in turn, will feature residential plots of 5, 10, and 20 Marlas.
The Executive Block will offer exclusive property ownership opportunities for genuine buyers and investors residing in the country; while the Overseas Block, as its name implies, will specifically caters to the investment demands of Pakistanis living abroad.
LAHORE SMART CITY PAYMENT PLAN
The residential plots in both blocks are available for booking at 10% down payment and 10% confirmation charges submission, while the remaining cost will be payable on a 3.5-year easy instalment plan. According to the project details revealed so far, these payments will not include plot development charges.
|Plot Size (Overseas Block)||Price (PKR)|
|Plot Size (Executive Block)||Price (PKR)|
On the other hand, if buyers wish to pay 50% down payment, they can save 5% on the full submission amount – and if they choose to pay the lump sum figure, they can save up to 10%.
LAHORE SMART CITY FEATURES
All development features scheduled for availability in this grand upcoming project will hinge on the theme of ‘smart development’. No matter what prospective facility you point to in the project plan, the developers will aim to innovate it using modern technologies to offer the highest levels of comfort, convenience, and luxury to the residents.
Lahore Smart City aspires to provide a modern residential living experience based on a seamless and efficient combination of the following:
- Minute traffic management
- Air pollution control
- Education facility provisions
- Internet of Things (IoT)
- Controlled electromagnetic emissions
- Smart health
- Intelligent shopping
- Smart environment
- Smart buildings & homes
- Public safety management
- Smart energy
- Gas & water leak detection
- Water quality management
- Waste management
- Smart parking
- Smart streetlights
- Electric vehicle charging facilities
In addition to these features, residents can expect a wide range of other urban amenities designed to bring them an unparalleled daily living experience. These include the maintenance of a protected community-oriented lifestyle, modern infrastructure, beautiful architecture, parks & playgrounds, healthcare facilities, educational facilities, basic utilities, sports areas, shopping malls, swimming pools, beautiful walking tracks, a ‘financial square’ compound, crystalline lakes, mosques, BRT system accessibility, an aviation point, and much more.
LAHORE SMART CITY UPDATE
The project details available so far indicate that the official launch of Lahore Smart City is still a few weeks away. Meanwhile, the developer is currently offering pre-launch bookings on introductory prices; which are available only for a limited number of plots.
The membership fee for 5-marla plots has been set at PKR 12,000; and PKR 15,000 for 10-marla and 20-marla (1-kanal) units. Further, the developer has revealed that the project’s development charges will figure around the PKR 100,000 per Marla rate – payable at the time of plot possession. There are also plans to introduce commercial plots at a later stage.
If you were amazed by the success of Capital Smart City Islamabad, then you surely don’t want to miss out on this lucrative investment opportunity in Lahore. If you are a genuine buyer, then this is definitely your ticket to leading a smart and innovative lifestyle within the heart of the city.
For the latest updates on Lahore Smart City, keep following PROPERTY GUIDE