Lahore Smart City

Introduction

Smart City Lahore is situated along the Lahore By-pass Road near Kala Shah Kaku. Future Development Holdings or FDH is the management consortium that is currently developing Lahore Smart City and Capital Smart City Islamabad. The Lahore Smart City is set to become the 2nd smart city of Pakistan and will be developed on international standards devised for infrastructural development of global smart cities. A smart city is based on the concept of eco-friendly and sustainable urban development connected digitally. Like Capital Smart City, Lahore Smart City is set to include all civic amenities of life while ensuring a sustainable urban lifestyle for the general population. Lahore Smart City is also set to feature all the amenities that will be provisioned in Capital Smart City Islamabad. Lahore Smart City is set to be developed on an estimated 20000 Kanals. Lahore Smart City is planned to take its part in distributing urban pressure from the city center to suburbs.

Lahore Smart City Developers

Future Developments Holdings (Pvt) Limited and Habib Rafiq (Pvt) Limited are collaborating on the Lahore Smart City project. These are the names of two major real estate developers in Pakistan. Both of them are experts in their respective fields. They are also well-known around the country for their large projects. HRL is responsible for many well-known projects, including Bahria Town, DHA, the Motorway, and others.

Location

Location plays a primary role when making real estate investments. It is vital for a real estate investor to know about the pros and cons of a property’s location before investment. Like Capital Smart City Islamabad, the proposed location of LSC is all set to be connected via major road networks to and from Lahore. As per the sources, the proposed location of LSC will be along the Lahore By-pass road with easy accesses from N5 GT Road and Lahore – Islamabad Motorway (M2). The proposed location of Lahore is one of the best in the region because of its ease of access from the main Lahore city areas.

NO Objection Certificate

Lahore Smart City is a registered housing society with the approval of the Lahore Development Authority (LDA). The No Objection Certificate (NOC) allows a housing community to give all the amenities to its residents legally. A government-designated building and development regulatory authority issue it. As a result of the Lahore Smart City NOC update, the project will have access to all basic services such as water, gas, and electricity.

LAHORE SMART CITY MASTER PLAN

The master plan of Smart City Lahore has been originated by a consultancy firm based in Singapore, named Surbana Jurong (SJ) while Norman Foster is a designer of this project. In planning this mega project, Surbana Jurong has successfully transferred the Europe development idea. It offers a diverse range of housing options, depending on density.
The Lahore Smart City has a total land of 20,000 Kanal. The administration has initially created two blocks that are solely for residential use:

Executive Block

The Executive Block is for the investors who want to live a smart lifestyle. This block will be equipped with all of the modern conveniences that make life easier. Plots are currently available in the following categories:
  • 5 Marla Residential
  • 7 Marla Residential
  • 10 Marla Residential
  • 12 Marla Residential
  • 1 Kanal Residential

Overseas Block

The Overseas Block is reserved for international visitors. It is the most secure and major investment option for Pakistanis living abroad. It was created specifically to fulfill the needs of Pakistanis residing abroad. Plots are currently available in the following categories:
  • 5 Marla Residential
  • 7 Marla Residential
  • 10 Marla Residential
  • 12 Marla Residential
  • 1 Kanal Residential

LAHORE SMART CITY INSTALLMENT & PAYMENT PLAN

The plots for sale in Lahore Smart City are available in installments with easy payment plans. Like Islamabad Capital Smart City, the LSC is also set to have 10% down payment plan followed by confirmation payment and equal quarterly installments. The following Lahore Smart City Payment plan and installment Plans are available for prelaunch bookings. As per the soft launch, the following payment plan is available for LSC for early investors.
The Lahore Smart City is all set to launch along the Lahore By-pass road. This housing society is initially planned on 20000+ Kanals of land and will replicate the international standards of infrastructural development as being carried out in Capital Smart City Islamabad. The location of Lahore Smart City makes it a worthy society for mid-long term real estate investments. Like Capital Smart City Islamabad, the LSC is also divided into two main residential blocks i.e. overseas and executive blocks.

LAHORE SMART CITY – COMMERCIAL BLOCK

At the time of launch, the management of Lahore Smart City was mainly focusing on the residential plot categories, but a few months back they announced to launched Commercial plots as well. The Commercial block in Lahore Smart City is the most awaited land in the market and finally, the concerned authorities have launched commercial plots.
The management has launched 4 Marla & 8 Marla plot categories in the Commercial Block of Lahore Smart City on affordable pricing when compared with neighboring societies. All sorts of potential buyers are interested in commercial investment in this society, and according to property insights, this commercial block is going to be sold out soon.
The commercial plots are launched both in Overseas Block & Executive Block which are now available for bookings for local and overseas Pakistani’s respectively. Currently, as per the Lahore Smart City Commercial Block Payment Plan, the booking price of 4 Marla plots in Overseas Block is 945,000 & the price of 4 Marla plots in Executive Block is 895,000. Similarly, the cost of 8 Marla plots in Executive Block is 1,745,000, and the cost of 8 Marla plots in Overseas block is 1,795,000.
The total number of installments to be paid to get commercial plots on Installment is 14 which is quite manageable. No doubt, Lahore Smart City Commercial is a huge success.

Amenities

Beautiful Location

Lahore Smart City is situated in a beautiful hilly area surrounded by greenery. You can enjoy breathtaking sunsets and a peaceful environment while remaining in proximity with the main city.

LDA Approved Society

LSC NOC has been duly approved by the LDA, and it is considered to be one of the top legal housing societies in Lahore. You can buy plots in LSC and secure your future.

High-Tech Security Mechanism

For security across LSC, there is a high-tech mechanism of reliable video surveillance, installed throughout the society in order to meet the security needs of its visitors and residents.

Underground Electricity

As load shedding or power shortages are considered to be a major threat to businesses across the country, LSC has an underground electricity system, which are is backed up with generators to keep the power on.

Wide Roads & Main Boulevard

The LSC main boulevard is a massive 200-feet long one which is considered to be one of the largest and iconic structures in the housing society. With beautiful greenery on the side, a refreshing outlook is imparted.

Educational Institutes

LSC seeks to provide residents with quality educational institutes inside its premises. The management, including the owners, are contacting multiple small- and large-scale educational institutes for this purpose.

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