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A Guide: How Overseas Pakistani Can Buy Plot in Capital Smart City

Capital Smart City

Capital Smart City is a joint residential project of Future Development Holdings Private Limited and Habib Rafique Private Limited.  Capital Smart City is planned to give an environment-friendly ambiance to its inhabitants. The owners and developers have apportioned a land of about 55,000 Kanal in this private housing society. The land for sale is vast.Thus, the project will be among the closest residential communities to the New Islamabad International Airport.

Capital Smart City enjoys a prime location in the city and is located at the main Motorway M2, which is comparatively close to the New Islamabad International Airport. The Rawalpindi Development Authority has given the housing society a valid no-objection certificate, making it a completely legal residential scheme.

Smart City is designed to reach a high-level lifestyle progression.Furthermore, without a doubt, the plan will advance financial enhancement and upgrade the quality of life of the inhabitants. The master plan of the scheme is divided into three sectors; residential, commercial, and recreational. The residential sector is further divided into Hills Vista, Crystal Lake, China Village, and Overseas Block. People often get confused about how overseas individuals can buy a plot in Capital Smart City; below is a guide on the entire process.

Overseas Block for Foreign Investors

The Overseas Pakistanican buy plot in Capital Smart City since The Overseas Block is particularly planned to provide overseas Pakistanis a good lodging, investment, and residence possibility inside Pakistan. Furthermore, Local people can make optimal use of the excellently crafted community and value its amenities by contributing to Capital Smart City Islamabad. Moreover, the society provides private plots and estates and medical care, educational institutes, entertainment centers, recreational activities, and mosques. The overseas block is situated within the upper zone to the right area of the boulevard of the project.

The Overseas block is currently offering various plot sizes for sale to foreign investors. The payment plans are divided into a feasible 42-months payment plan that is a 3.5-year installment schedule. The plot size available for foreigners includes seven marlas, ten marlas, twelve marlas, 1 Kanal, and 2 Kanal. In contrast, the commercial plot in the overseas block is offered in 4 marlas only.

Procedure for how Overseas Pakistani canbuy plot in Capital Smart City

As mentioned above, the plot is available in several sizes. The plot price is given below

  • 4 marlas commercial is available in PKR. 11,050,000
  • 7 marlas residential is available in PKR.3,475,000
  • 10 marlas residential is available in PKR.4,565,000
  • 12 marlas residential is available in PKR.5,050,000
  • 1 Kanal residential is available in PKR.6,845,000
  • 2 Kanal residential is available in PKR.13,440,000

Furthermore, the payment breakdown is such that a 10% down payment is required in addition to 10% as confirmation charges. The rest of the amount is then either broken down into 42 monthly installments or seven half-yearly installments. Moreover, corner, park facing, and main road plots will have a 10% extra charge. Other than that, a property located on the main boulevard will have a 15% additional cost. The good news is that a 10% rebate is offered on lump-sum payment, whereas a 5% rebate is provided on half payment.

Overseas Pakistanis can buy plot in Capital Smart City by providing certain documents which have been stated below:

  • Copy of the buyer’s CNIC
  • A copy of next to kin’s CNIC
  • Passport size pictures
  • Booking amount via cheque, pay order, or cash.

It is advised that overseas who want to buy a plot in Capital Smart City should periodically pay the installments so that they do not have to face any delays in attaining possession of the properties. The land for sale is readily being sold out and theoverseas block is for overseas Citizens only, with extra security, smart features, superior location in the society, and possession of the plots is also being given to the people.

The overseas block retains a high significance in the Capital Smart City housing project. It reflects acknowledgment and value addition for all the hard work and effort Pakistani citizens living abroad have provided for our beloved country. Therefore, capital Smart City offers a safe and profitable prospect for overseas Pakistani citizens to invest in Pakistan. Furthermore, to make the process as feasible as possible, online booking has been made available for the individuals who wish to invest in this project from whichever country they are currently residing in.

Additionally, overseas can buy a plot in capital smart city through manual booking and Smart e-booking, which is also available. The booking is made through an authorized overseas dealer, direct booking through an online e-form, and relatives living in Pakistan.

Conclusion

This guide on how overseas Pakistani can buy plot in Capital Smart City provides information about all the necessary details that individuals who want to buy the land for sale in Capital Smart City should know about. Investing in Capital Smart City is an optimal option for individuals who wish to a superior standard of living.

Author Bio

Waqas Hussain is a SEO specialist & Content Lead at Estate Land Marketing (Golf Estate park view). With lots of experience in SEO, keyword research and WordPress management.

With 3+ years of experience in managing blogs and scaling them from 0 to 100,000+ page views a month, it’s safe to say that I know a things about growing content-driven websites.

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