Capital Smart City (Project Highlights)

FDH is one of the most significant and leading real estate development and asset management companies in Pakistan. As of now, its main and core focus is to develop luxurious, functional and smart cities that not only offer a high standard of life but is also economical.

FDHL works to design and create integrated and smart communities through its high-end and planned investment, urban planning and full-cycle asset management efforts.

Surbana Jurong is a Singaporean consultancy firm and is actively involved in the development and designing of the project, the firm had appointed a Master Planner for the Capital Smart City and it is currently one of the biggest Asian infrastructural and industrial consulting firms.

Building smart cities, spaces, and infrastructures and providing high-end work and residential opportunities are the core aims of SJ.

Approximately, the total road length in the housing project is about 210 km while the overseas block has 23.51 km of the road length.

The housing project has different roads and the road lengths are accordingly. Minimally, every road is approximately 40 feet in size while the Boulevard’s width is 350 feet and other main roads are about 180 feet, 150 feet, 120 feet, 100 feet and 80 feet in size.

Approximately, about 34.89 percent of the total land is occupied by the roads.

The sewerage lines are 9 to 60 inches in diameter and it is about 431 km long with a 34.50 km length in the overseas block.

The water supply lines are about 487 km in length while for overseas block, the length is about 30 km.

After a thorough and intense ERS investigation process and bore testing, WASA and RDA will source water for the society. The project has some subsoil water on the site while nine turbines are already working in the area. Expectedly, the other 40 turbines will also be used to speed up the work.

Approximately, Capital Smart City developers will need at least 5 years’ time to complete the infrastructural development of the society. As per the plans, some primary schools, shops, and mosques will be built within 3 years and for the people who have started building their houses.

However, talking about the exact timeline, the project is expected to be completed and handed over in the first quarter of 2020.

At the initial stages, about 400 machines and equipment are deployed on the site while the number is increasing with every passing day and it is expected that the number would go as high as 550 machines.

Presently, more than 2500 people are working on the development site and the number is expected to increase to about 5,000 workers a day. This workforce will include everyone from steel fixers, helpers, laborers, carpenters, masons, machine operators and heavy and lightweight drivers and workers.

As per the plans, there will be eight neighborhoods and about six to eight blocks in each neighborhood, which makes a total of 50 blocks.

Horticulture and plantation are one of the prominent features of Capital Smart City. Its maintenance needs about 0.7 MGD, million gallons per day, water for its healthy and constant growth and sustenance.

To manage the water, small dams are built to collect and save the water from monsoon and rainy season. Approximately, we are hoping to collect about 287 MG of water per season.

Portable water for the housing will be provided through the tube wells. These tube wells will be positioned at the lower area of the Chahan dam and the river sill. When the project will be completely developed, it is estimated that about 60.8 MGD water will be needed for the housing and other commercial areas.

Approximately, 45 overhead tanks of about 100,000 gallons and 150 underground tanks of about 400,000 gallons for each storage capacity.

To facilitate the payment process for the overseas members, Capital Smart City has formulated a separate payment method. They can pay through their credit card, Foreign Telegraphic Transfer and through currency exchange companies and sources.

For Foreign Telegraphic Transfer, we require the following information:

• SWIFT message
• Name of the sender
• Name of the country
• Account number of the sender
• Date of transaction
• Transaction’s medium
• Bank name of the remitter
• Amount of the payment

For international funds transfer or payment through the Exchange Company, the following are the bank accounts that are available for international payments.

• Emirate NBD

  Account Title: Future Developments Holdings Private Limited

  Branch Address: B 03 205 BU 03 - Rakez Business Zone FZ Park, Ras Al Khaimah, UAE

  Currency	Account #	IBAN #	Swift Code
  AED	0515448425201	AE180260000515448425201	EBILAEAD
  USD	0515448425202	AE880260000515448425202	EBILAEAD
  GBP	0515448425203	AE610260000515448425203	EBILAEAD
  EUR	0515448425204	AE340260000515448425204	EBILAEAD
  SAR	0515448425205	AE070260000515448425205	EBILAEAD
  CAD	0515448425206	AE770260000515448425206	EBILAEAD

• United Bank Ltd

  Account Title: Future Developments Holdings Private Limited

  IBAN Number: PK44 UNIL 0109 0002 4907 4851

  SWIFT Code: UNILPKKA

  Branch Address: United Bank Ltd, Plaza # 8, Ismail Centre, Sector A, Iqbal Boulevard, DHA-2, Islamabad, Pakistan

• Askari Bank Ltd

  Account Title: Future Developments Holdings Private Limited

  IBAN Number: PK33 ASCM 0007 3002 0000 8247

  SWIFT Code: ASCMPKKA

  Branch Address: Islamic Banking Branch, Shop #1-3, Kashmir Market, Near Kak Pul, Kahutta Road Sihala, Islamabad.

  Important things to consider when making the payment:

  • The amount or the money sent as the foreign transfer must be converted as per the prevalent rate of the currency. Before sending the money, please make sure that you know the current rate of the currency.
  • In case of business transactions, you must direct the payments through commercial payment methods.
  • Once you are done with the payment, you will need to send the payment proof like the emails, deposit slip copies or screenshots and bank statement as proof of the transaction.
  • After the verification is done, your payment will be updated in the ledger and the scanned copy will be sent to you.

In case of late payments, a surcharge will be applied and the amount will be according to the Terms and Conditions.

To get the eChallan and make the payment, please follow the below steps.

• Download the eChallan form.
• Submit the eChallan either by mailing it to sales@smartcitypk.com or through Smartcity eServices.
• The payment will be updated in the ledger only after the payment proof and verification.

All the members who have two unpaid installments till the 15th of October, 2019, will be eligible for the cancellation and blockage of files. The process will be as per the agreed-upon Terms and Conditions and the money will be refunded within 6 months.

The 1st balloting on the site took place on the 21st of December, 2019.

The overseas Block I and the executive Block I are included in the first balloting.

To choose the location without going into the balloting, the following criteria must be met.

• No outstanding payments up till the 15th of October, 2019.
• 100% upfront payment
• 50% upfront payment
• 40% upfront payment

In case someone wants to choose the plot location on his own, he has to an extra 40%, other than the installments.

As a requirement, all the overseas and executive block members must pay the due plot installment by the 15th of October, 2019. Since the number of plots is limited, you will be issued a receipt of acknowledgment to confirm your eligibility for the ballot.

Plots are usually blocked due to non-payment. If you want to unblock it, clear all the outstanding amount before the refund policy in evoked.

The management has planned to hand over the plots phase-wise and, hopefully, before the expected time. as per the schedule, for now, 3 of each overseas block and executive clock sectors will be handed over in the first quarter of the year 2020.

After 60% of the total plot payment, the buyer can apply for possession. When handing over the possession, he will submit an affidavit stating that he will pay all the installments on time and in case of any delays, the company holds the right to change the plot’s location.

The management will give a 50% discount to the first 200 members of society. 25% discount will be given at the start of the villa’s development while another 25% discount will be applied after shifting into the constructed villa. Additionally, they also get to choose the design and architecture of the villa, free of cost.

These members will save up to Rs. 200,000 in the construction and since they are the founding members of the Capital Golf & Country Club, they will avail luxurious membership benefits and facilities that extend to the Royal Orchard Clubs in Sahiwal, Multan, and Sargodha.