Lahore Smart City - A Smart City in the Heart of Punjab
Lahore Smart City is an upcoming project for building homes. It will be in the expanding urban area of Punjab’s provincial capital. This project will be smart and innovative. People can buy plots for living in this area, which has community facilities to match.
Lahore is the capital of Punjab. It's the 2nd biggest city in Pakistan after Karachi. Lahore is a rich city with an economy worth $84 billion as of 2019. The city has many jobs and businesses and is one of Pakistan's most liberal, progressive cities.
For these reasons, it has a large number of incoming residents and investors. For all such people, Lahore Smart City is an exciting project.
Introduction of the Project
Lahore Smart City is a very special project. It will be the fifth of its kind in Asia and the second in Pakistan. This project will have modern construction features.
The Lahore Smart City in Pakistan has an eco-friendly design and features, so this project will stay cleaner for a long time. Lahore Smart City is open to people who want to buy or invest money in it.
Lahore Smart City is a project that came from the collaboration of Habib Rafiq (Pvt) Private Limited and Future Developments Holdings Pvt (FDH). The project’s master plan is currently under review by a Singapore-based consulting company.
This large residential project will offer a community lifestyle, modern infrastructure, and architecture, high-quality urban amenities. Furthermore, all project designs and development elements will be according to international standards.
Lahore Smart City Location
The Smart City Lahore location lies near the Lahore Bypass. It is close to the Lahore Ring Road, Kala Shah Kaku, a point that can be reached from the main GT Road and also from the M-2 and M-11 (Lahore-Sialkot Motorway).
The project's location is more important because people can easily get to it. People will be able to come from any part of the city.
Lahore Smart City Master Plan
Lahore Smart City project developers wanted to create a high-level urbanized initiative. They wanted it to be efficient and affordable with spaces that would be innovative and incorporate consumer-driven facilities.
The project will be divided into two stages. The first stage is the Executive Block, which has residential plots of 5, 10, and 20 marlas. The second stage is the Overseas Block with plots for 5, 10, and 20 marlas.
The Executive Block will offer ownership opportunities to buyers and investors who are in the country. The Overseas Block will offer ownership opportunities to people who live outside of the country.
Payment Plan of Lahore Smart City
You can buy a plot of land for your new house.
You only need to make a 10% down payment and 10% confirmation charges submission. The rest will be payable on a 3.5-year easy installment plan. There is no need for plot development charges according to the announcement so far.
The Lahore smart city payment plan for the overseas block is as follows:
Plot Size (Overseas Block)
The Executive block’s payment plan is mentioned here:
Plot Size (Executive Block)
If people want to pay 50% of the cost of the house, then they can save 5%. If they want to make up all their payments in one sum, they can save up to 10%.
Features of the Lahore Smart City
All of the features in this development will be different than what other places have. This means that there will be a lot of things that people do not know about, but it will also mean something special for the people who live there.
Lahore Smart City aspires to provide a modern living experience. People can live in a comfortable and efficient place. It has the following features:
- 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.
These include the maintenance of a protected community-oriented lifestyle, modern infrastructure, beautiful architecture, parks & playgrounds, healthcare facilities, educational facilities. Basic utilities are also provided.
Plus there are sports areas and shopping malls as well as swimming pools.
Progress Update of Lahore Smart City
The project details tell that the official launch is not for a few weeks. You can buy a plot now and get it at an introductory price. There are only limited plots available, though.
The price for 5-marla plots has been set at PKR 12,000. The price for 10-marla and 20-marla (1-Kanal) plots is also set at this rate. People who buy these plots will have to pay PKR 100,000 when they take possession of the land. There are plans to introduce commercial plots in the future too.
Capital Smart City in Islamabad was successful. So, the Capital Smart City and Lahore Smart City are comparable. Thus, if you want an investment opportunity, then the Lahore Smart City is a good one to take a look at.
You can live in a smart and innovative place. And it's in the heart of the city!