Islamabad: The management of Capital Smart City has shared a new policy where they stated that investors who have plots in Overseas Central, Overseas East, and Overseas Prime One are informed that they must clear all their outstanding instalments before 20 April. If they do not pay the instalments, their location will be cancelled, and then the members will be included in the new block with revised rates and new terms and conditions. Also, from 1 August 2024, members of CSC must pay the development charges in 4 instalments after every 2 months.
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Moreover, the members of CSC can now pay the advance payments of development costs in advance to get the following discount.
- Those members who pay their development costs from 28 March 2024 to 8 April 2024 can get a 10% discount on each instalment. This way, they can make up to 4 maximum instalments of development cost.
- Members who pay their development costs in the 2nd category, which will begin from 9 April 2024 to 11 May 2024, will be able to get a 5% discount on each instalment. This way, they will make up to 4 maximum instalments of development cost.
Furthermore, the management of the CSC has also announced that if the investors clear all their outstanding payments between 28 March 2024 and 8 April 2024, they will be able to avail of the following discount:
- 3% discount on each due or outstanding payment of both commercial and residential plots.
- 6% discount will be provided to members on each advance instalment for both commercial and residential plots. Also, the investors will be able to get a maximum discount of 3 instalments.
Note: The policy mentioned above is applicable only to Overseas Prime One Overseas Central and Overseas East through cash/pay order/credit card and online transactions. The policy is not applicable to Smart Villas and Villas Apartments.
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