Nova City Islamabad Development Updates 2021

Nova City Islamabad Development Updates 2021

Nova City Islamabad Development Updates 

The Nova City of Islamabad is proceeding towards rapid construction – Nova city development updates. Immediately after Eid, the construction machinery and equipment will arrive on site. The project is expected to deliver 4500 Kanal in less than a year. It is on its way to becoming a symbol of excellence.

Learn here in detail the ongoing development activities in the Nova city Islamabad 2021. Let’s have a look.

Main Boulevard 

The main boulevard of the housing society is entirely constructed. The developers are now focusing on the streets and lanes. The land leveling work is done, and the plots are distinguished as well. The development of underground pipelines is to begin by the end of the year

Nova city Main Boulevard 

Paved Roads 

Nova City Islamabad has carpeted the roads with asphalt and concrete. The developers prefer asphalt pavements as they offer a more consistent surface than other pavements. Not only are smooth roads safer, but they also save money. In addition, vehicle wear and tear is reduced due to fewer bumps on the road, lowering vehicle operating expenses

Paved Roads Nova city Islamabad

Site Offices 

The site offices have also been established at Nova City Islamabad. You can visit the office and get an understanding of the booking criteria. There is experienced personnel waiting to give you the right direction. 

Light Poles 

Nova City Islamabad has installed light poles on both sides of the roads. The spacing between the light poles is kept between 20 and 50 meters. 

The height of these poles is 6.5 meters for residential street lighting. They are ideal for residential and commercial subdivisions and projects, as well as recreational walkways and parks.   

Nova city Development updates Light Poles 

Plantation 

A tree helps to maintain a healthy environment and climate in a given location. We could not go a single day without the benefits of trees. As a result, the housing scheme performs its moral obligation to plant more trees and adequately care for them. Currently, they have planted many trees in the lodging society.

Rudn Enclave Developers Announcement

Rudn Enclave Developers Announcement

Rudn Enclave Developers

The talk of the town, Rudn Enclave Rawalpindi, has welcomed a new member on board as the developer. Indeed, it is a step that shall alter the construction of the housing society. Let us delve into the details of this new developer and what good fortune he brings to Rudn Enclave.

Rudn Enclave Rawalpindi 

Rudn Enclave Rawalpindi is a shining example of brilliance and class, conveniently located near the Federal Capital. It is Rawalpindi’s crown jewel. Society is designed to pamper you with a tranquil and dreamlike lifestyle. You will be able to reap the benefits of this new jewel for the rest of your life if you invest in it. 

Owners and Developers 

The Rudn Enclave Rawalpindi is a prestigious project developed by RMRSCO (Pvt.) Limited and National Engineering Services Pakistan (Pvt.) Limited, or NESPAK. Mr. Rahim U Din Naeem is the company’s CEO. He has only one goal: establishing the company as a center of excellence for architectural and client-oriented projects.

Mr. Muhammad Abdullah is an additional developer who has recently joined hands with Rudn Enclave Rawalpindi. He is an excellent developmental strategist and promises to take the housing project to a new level of success. 

Muhammad Abdullah 

Mr. Abdullah is an experienced urban planner by profession. He is one of the most well-known and internationally respected development strategists, town planners, and management consultants in the Pakistani and worldwide real estate and construction industries.

With an overall national and international experience of 28 years and degrees in CRP and MBA Project Management, he specializes in the following, 

  • Making cutting edge development strategies
  • Strategic planning
  • Project management services
  • Contract administration
  • Planned information system
  • Asset management
  • Master plans
  • Zoning plans
  • Layout plans
  • Planning, scheduling, budgeting, implementation, and monitoring of megaprojects. 

 Besides working in Pakistan, he is also rendering his services as chief strategist and development management professional for various projects of similar nature in Dubai and Canada. 

Achievements

In 2003, he founded a company named Asset Management Associates. He worked as the project consultant and project director on behalf of the government of Pakistan for the implementation of the Pakistan Telecommunication Reorganization Act 1996. 

Indeed, he is the pioneer of land information systems in Pakistan. In addition, he has the honor of serving as the project consultant of National Telecommunication Corporation NTC to deal with its assets all over Pakistan.  

Moreover, he contributed to a deal in Pakistan with Etisalat Digital. Resultantly, it leads to the accomplishment of the landmark deal of Pakistan with Etisalat Digital for transferring 26% shares of PTCL at the cost of 2.68 billion dollars. It is the largest single transaction ever made in the country’s privatization history. 

After completing his degree in City and Regional Planning from UET Lahore in 1996, he joined CDA Islamabad and worked there for a significant time. Then, he began serving the Development Management Private Limited. It is a subsidiary of Asia Pacific Group with head offices in Singapore and Japan. 

Later, he started to work as a freelance consultant. In addition, he provided his services for the town planning of different housing projects all over the country.

Urban Planning and Design Private Limited UPDL

The Urban Planning and Design Private Limited is to undertake the Project Management of Rudn Enclave.

UPDL has remained true to its founding principles – that the clients and workers deserve the finest – which is still the cornerstone for their dynamic operations today. 

Besides all this, Mr. Muhammad Abdullah has been connected with UPDL. He also provided services for town planning, infrastructure design, landscape design, development management, and supervision of the most iconic projects of Gulberg Greens and Gulberg Residencia Islamabad. 

Through UPDL, both housing schemes are spread over an area of about 65000 Kanal. Therefore, they are a symbol of providing a unique and luxurious lifestyle to residents. In addition, the city integrated management system that Mr. Abdullah introduced for Gulberg Islamabad is worth mentioning. 

Mr. Abdullah as Project Director 

Mr. Abdullah has now made Rudn Enclave his priority. Accordingly, he has come on board as the project director and technical advisor. 

He will provide the overall technical assistance and management of the previous design and execution works. 

He is also to act as a developer through Al-Haq Builders and Developers for the construction of old development works, including but not limited to the following,

  • Earthwork
  • Water supply
  • Sewerage
  • Drainage
  • Road network
  • Culverts
  • Bridges
  • Transportation
  • Water filtration plants
  • Sewage treatment plants
  • Grid station
  • Electricity network
  • Gas supply
  • Street lights
  • Optical fiber
  • Solid waste management
  • Municipal administration 

Al Haq Builders and Developers

It would be pertinent to mention that Al Haq Builders and Developers is a subsidiary of UPDL. The company has extensive experience in large-scale building and infrastructure works. Moreover, the company is equipped with the latest construction machinery and a highly skilled workforce. 

Construction contractors have already carved a niche because of their client-centric, best management practices, modern construction techniques, dedication, commitment, quality, and artistry. 

Therefore, the Al Haq Builders and Developers are in charge of all development work for Rudn Enclave Rawalpindi. 

New Leafs Private Limited 

In addition, New Leafs, another proud subsidiary of UPDL, will undertake the project’s horticulture and landscape development works. It is essential to highlight that the New Leafs have been responsible for the horticulture and landscape works of Gulberg Greens, Park View City, and DHA Islamabad. 

New Leafs contains more than 300 staff and the latest equipment. What’s more, it has the honor of having the largest nursery in Pakistan, spreading over an area of approximately 36 acres at Pattoki. It also has nine large-scale production units in Islamabad. 

A Wonderful Future at Rudn Enclave 

Mr. Muhammad Abdullah, UPDL, and New Leafs have a documented track record of converting their clients’ dreams into reality in the industry. Their technical, financial, and management qualities are unrivaled. Resultantly, all of this makes them the best candidates to carry out the project’s different strategic formulation, planning, and development tasks.

Hence, through the team’s collective wisdom, they will deliver a safe, healthy, elegant, and luxurious housing project of the city at affordable prices. 

You may also like: Ten Reasons to Invest in Rudn Enclave Rawalpindi.

Conclusion

The Rudn Enclave Developers are beginning a revolutionary housing project. So naturally, there could not have been a better team of developers for Rudn Enclave Rawalpindi. Sigma Properties and Marketing insist that you invest in the housing society and own your dreams. 

Capital Smart City Interchange

Capital Smart City Interchange

Capital Smart City Interchange Development

The Capital Smart City (CSC), located near the Federal Capital and Rawalpindi, is a modern housing society. Future Development Holdings (Pvt.) Limited and Habib Rafiq (Pvt.) Limited have formed a joint venture for Capital Smart City. 

The housing scheme is equipped with the most advanced technological infrastructure. As a result, the citizens have been given a new dream of wonderfulness and reality. Indeed, it is the dream of a luxurious lifestyle unlike any other, thanks to the brilliant developers.

The unmatched Capital Smart City is already exceeding the expectations of investors. The lodging society has achieved remarkable progress in a short period. Now, it has begun work on an exciting interchange that shall alter the accessibility to the housing scheme beneficially. 

Mr. Muhammad Malik Aslam is the Group COO of Capital Smart City. He has given an overview of the new interchange planning. So, let us look into the most recent development of the interchange, as it has widened the idea of the perfect real estate dream. 

Importance of the Interchange 

Initially, the access to Capital Smart City was only from Chakri Road. There was no direct access from the M2 Motorway. Therefore, the entrance at Chakri Road required the visitors to take a longer route of over 40 minutes to enter the housing society.  

Therefore, there was a dire need for an interchange leading to the housing society from the M2 Motorway. Furthermore, the interchange approved by the National Highway Authority shall eliminate the extra time that the visitors usually spend to access the housing society. 

Approval of NHA 

The National Highway Authority (NHA) supervises the planning, development, operation, repairing, and maintenance of National Highways and Strategic Roads. These highways and roads are committed to NHA by the Federal Government. 

NHA was analyzing the perfect location for the interchange in Capital Smart City. So, it was carefully inspecting three different sites for building the interchange. Everyone was keenly waiting for their final word. 

Accordingly, the NHA has finalized a location out of the three and announced it. 

There was an exciting curiosity among the investors about the interchange. They were wondering where it will be and how will it affect the lodging society. 

Therefore, the answers to all of those curiosities are here. There are no doubts about the location of the interchange.  

CSC Interchange Location 

The decided site of the interchange is in front of the Overseas Block 2. It will connect pass through the block and go all the way to its connection to the Main Boulevard. The interchange of Capital Smart City will increase the accessibility of the residents to the New Islamabad International Airport. 

CSC Interchange Procedure 

The project’s design phase will go through stages, from conceptual design to final design. The contracting authority is responsible for acquiring any required consents relating to the design, construction, engineering, technical, and installation standards.

The management of Capital Smart City has submitted the design of the interchange. The procedure for it includes two stages. 

Firstly, the concept design needs acceptance. It is submitted to the concerned department with a report. Its approval is expected in the following days. 

The design is ultimately the responsibility of the contracting authority. However, the government has the right to inspect the structure and notify the private jurisdiction of any contract violations. 

The contract of NHA and Capital Smart City stipulates that they cannot begin building until the NHA has given its consent to proceed after reviewing the design. 

As soon as it is approved, the management will proceed to the second stage of the procedure. The second stage contains the structure design. First, the venture designers will create a plan for the pipes, bridges, and all else that needs assessment. Then, they will submit it for approval.  

Revision of Master Plan 

Surbana Jurong is a reputable consultancy business headquartered in Singapore. It has devised the Capital Small City Master plan. 

The company has approximately 120 offices around the world. Furthermore, it is one of Asia’s major urban, engineering, and infrastructure consulting firms.

Currently, Surbana Jurong is revising the master plan of Capital Smart City. Within the next 3 to 4 weeks, the management will receive the new master plan. Furthermore, the developers will share the master plan with the investors in 7 to 8 weeks. 

Interchange and Overseas Block 2 

The land in the Overseas Block 2 is in the works. The development work on Overseas Block 2 was slow due to rainy days, causing delays. And more importantly, the focus of the block was on the pending interchange decision. 

Now, the placement of the interchange has been announced. The NHA has approved for it to be right in front of the Overseas Block 2. 

A portion of the Overseas Block 2 is coming under the link road area in front of the new interchange. As a result, this demands the necessary modifications in the master plan. 

Of course, this brings the balloting of Overseas Block 2 into question. Is the balloting linked with development, or will you do the developers do it beforehand? 

The aspect to understand is that the fixing of the interchange matters. The location where it is placed is going through the center of the Overseas Block 2 and goes to the Main Boulevard. It will be connected to the Main Boulevard. 

Therefore, the changes in the master plan mean that there is a wait for the balloting.   

The developers will need to relocate the entire portion coming under the link road. Hence, after revising the master plan, the developers will immediately go to the balloting phase of Overseas Block 2. 

Latest Interchange Development 

Capital Smart City has patiently waited to have its own designated interchange. The latest update in the matter of the interchange is that its location is approved. 

Consequently, the master plan is in revision according to the site chosen by NHA. The construction of the interchange is to begin by the end of 2021. 

However, the interchange will face a long period of construction. It is because the activities that take place during construction are numerous. Yet, the most time-consuming is the phase in which all of the work packages are delivered.

You may also like Capital Smart City Development Updates 2021.

Conclusion 

The interchange development of Capital Smart City will increase property value in the Overseas Block 2 and of the rest of the blocks. Indeed, it will be a fruitful development for the venture designers and the investors dedicated to the project every step of the way. Therefore, Sigma Properties and Marketing recommend that you book your dream house in the housing society today.  

Capital Smart City Development Updates 2021

Capital Smart City Development Updates 2021

Capital Smart City Development Updates

Here in this blog, we will cover the latest Capital Smart City development update in 2021. The developments activities in the smart city at full swing in all blocks. Let’s take an overview.

The Capital Smart City (CSC) is a paradigm of a modernistic housing society near the Federal Capital and Rawalpindi. It is a joint venture of Future Development Holdings (Pvt.) Limited and Habib Rafiq (Pvt.) Limited. It contains the most high-class technological infrastructure. The housing scheme has provided the citizens with a new dream, an opulent lifestyle unlike anything else.  

The Capital Smart City has made significant progress in significantly less time. It has broadened the definition of the ultimate real estate dream, so let us delve into its latest development updates. 

1.  National University of Technology (NUTECH)

The National University of Technology (NUTECH) and Islamabad’s Capital Smart City (CSC) have joined forces to establish a futuristic, innovative campus of Technology University of International Standards in the housing scheme. The NUTECH campus hosted a signing ceremony between NUTECH and FDHL (CSC) on July 23, 2020. 

According to the agreement, Capital Smart City will serve as a significant partner in assisting NUTECH in obtaining land for its main campus and providing subsidized support services for its operations. Mr. Zahid Rafiq, Chairman of Capital Smart City, and his team were congratulated by NUTECH Rector Lt Gen (R) Khalid Asghar and Pro-Rector Maj Gen Khalid Javed. 

Their partnership will promote higher education in indigenous technology creation, promotion, transfer, and implementation. In addition, it will train young engineers, technologists, and the skilled workforce of tomorrow. 

The ultimate purpose of this joint venture is to boost Pakistan’s industrial and economic progress. In the following years, NUTECH Main Campus will assist in attaining its vision and mission of generating entrepreneurs and industrial leaders of character.

NUTECH Campus, located in Capital Smart City, will be the region’s most significant technological university, with over 35,000 students. 

2.    Extensive Horticulture Work 

Horticulture work is being done alongside earthwork, leveling, and road construction as part of the green effort. The green belts and parks will be ready to provide an energetic feel to the project when the development work is completed.

Horticulture work is critical to a housing project’s attractiveness. With monsoon plantations, Capital Smart City has taken its ecological endeavor to the next level. A plantation area has been established, and the cultivation of lovely trees and flowers has begun.

The green belts have already begun to emit a relaxing atmosphere. Here are the recent photos:

Extensive Horticulture Work

3.    Financial Square 

The Financial Square is the focal point of the housing scheme. It is a zone where numbers align and produce profits for the investors and residents. It will be recognized as the city’s financial hub, catering to both local and multinational corporations. Corporate banking, conference and exposition halls, hospitality, and 5-star boutiques are among the businesses represented. 

A lavish 4-star hotel is currently under construction. The establishment of the Qatar Financial Center and Pak Financial Center is also taking place in the Financial Square. There will also be a central park, Jamia Mosque, CPEC Tower, and mixed-use apartments and offices. 

Capital smart city Financial Square

4.    Earthwork – Access Roads

34.89% of the land in Capital Smart City is reserved for roads. The access roads are being cleaned and built quickly to ensure that visitors have easy and direct access to the site. In addition, the National Highway Authority has approved the dedicated interchange on the M-2 highway (NHA). The Smart Interchange’s construction is planned to begin soon.

Take a look at the most recent developments in access road construction:

Capital smart city roads development updates

5.    Grand Mosque Inauguration 

The Grand Mosque in Overseas Block C is inaugurated. They officially opened the Grand Mosque in Overseas Block C in February 2020 with a Friday prayer attended by Capital Smart City’s authorized agents, investors, and management.

The Jamia Mosque is now finished. The management team offered Asr prayer, led by M Saqib Musatafai Saheb, a prominent scholar. The most recent pictures of the mosque are shown here. 

Capital Smart City Grand Mosque

6.    Overseas Block 

It is one of the most critical development updates. Phase 1 of the Overseas Block will be the first to take possession. The rumor was that they would give possession in 2021, but there has been no confirmation, and the market is waiting excitedly.

Nonetheless, the Overseas Block is undergoing accelerated construction to be ready for ownership as soon as possible. The majority of the leveling and road construction has been completed. Plotting is in progress. The following photographs provide a general view of blocks A and C and street views of blocks B and D.

Take a look at these current images of Capital Smart City to see how quickly things are changing:

Capital Smart City overseas block development

7.    Executive Block 

The land is currently being cleaned and leveled at the Executive Block site. In addition, the installation of sewer lines has begun, as has the construction of Smart Villas.

After Overseas-1, the executive block phase-1 is expected to take possession. As a result, rapid growth is also taking place in the Executive Block.

Capital Smart city Executive Block Development

You might also like: Smart Villas Capital Smart City

Capital smart city ring road development update

8.    Lake View Heights 

Lake View Heights is under rapid development to guarantee that the luxury flats are ready for occupancy as soon as possible. The Lake View Heights in Overseas Block C provides each apartment with a magnificent view and an experience akin to the worldwide lifestyle. 

Capital Smart City Lake View Heights

9.    Smart School

The Smart School in Block B has reached completion in only a matter of a few months. The images show the splendid structure of the school is:

Capital Smart City smart school

10.    The Bridge’s Inauguration 

Two access bridges have been constructed and are now open to the public. Despite a labor stoppage caused by Covid-19, the connecting bridge at Sill River was finished and inaugurated in record time.

The 450-foot-long bridge is part of the Access-2 road, which opened in August 2020. The bridge’s before and after photos are displayed below. 

Smart City bridge development updates

Capital Smart City the Bridge's Inauguration 2021

Conclusion 

The above-mentioned Capital Smart City Development Updates are exciting. They show the dedication of the developers towards the project. Sigma Properties & Marketing recommends that you invest in the housing society to reap the benefits of a lifetime.

Lahore Smart City Commercial Plots

Lahore Smart City Commercial Plots

Lahore Smart City Commercial Plots

Introduction 

Lahore Smart City is a place where long-held dreams are becoming a reality. It is truly a jewel among the rest of the housing societies because of its outstanding amenities. As a result, the Lahore Smart City is rising to be the fifth influential wonder of its kind in the continent. 

Investors and prospective clients have already begun booking the plots of their liking. The lodging society provides benefits for both residential and commercial properties. 

This blog will help you see why a commercial plot in Lahore Smart City is profitable for you. 

Owners and Developers 

The Future Developments Holdings (Pvt.) Limited is developing the housing society. Future Developments Holdings (Pvt.) Limited, or FDHL, is a renowned real estate developer. It is noted for its incredibly well-planned buildings with superior engineering when compared to other builders. 

The FDHL was established in 1984 under the business ordinance. The mission of FDHL is to change living into a futuristic and intelligent existence. 

Furthermore, FDHL develops projects with the ultra-modern and opulent lifestyle in mind and delivers exceptional customer service and extensive consultation to their target demographic. 

Why Lahore Smart City?

The Lahore Smart City is dedicated to combining modernism, tranquility, and stability brilliantly. Accordingly, the developers of Lahore Smart City feel that great dreams are essential not only to fall asleep but also to work on and generate something fascinating indefinitely. 

Moreover, the Lahore Development Authority (LDA) has approved the lodging society. Therefore, an investment in this brilliant housing scheme would prove the best choice and let us see why. 

Lahore Smart City will become a reality in two to three years. Indeed, it will be a true example of cutting-edge foundation and engineering combined with uncompromising international standards.

Therefore, it is a secure investment to make in a jewel-like housing society catering to the needs of a variety of people. 

Lahore Smart City Commercial Plots 

There is nothing more electrifying than the commercial opportunity in Lahore Smart City. The management is to offer limited commercial plots on a first-come, first-serve basis. So, better be ready for it. 

The housing society is launching two of the most demanded plot sizes given below, 

  • 4 Marla 
  • 8 Marla 

These commercial plots will be available in the Overseas Block and Executive Block on a three-year installment plan. Furthermore, you need to deposit the installments by the first day of each installment month. The booking is to start from 10%. 

Overseas Block 

The commercial property in the Overseas Block would be highly beneficial. Namely, it is an opportunity for individuals who live abroad or have dual nationality. Only they can apply for a place in the Overseas Block. 

The Overseas Block will be equipped with all the amenities that people would expect in a foreign country. The block contains a mosque, clinics, accommodations, restaurants, stores, and schools. Additionally, the area consists of residential plots and residential villas. 

The total cost of a 4 Marla plot in the Overseas Block will be up to PKR 9,450,000. Moreover, an 8 Marla plot in the Overseas Block will cost up to PKR 17,950,000. 

Executive Block 

The Executive Block is one of the most popular ones. It contains residential plots, apartments, mosques, a mini-mart, parks, and a jogging track. 

Even the Executive Block is an excellent option for a lucrative commercial investment. The block caters to the needs of local Pakistani investors. Their priorities lie with the commercial property in Lahore Smart City because this opportunity is too good. 

A 4 Marla plot in the Executive Block will cost up to PKR 8,950,000. The cost of an 8 Marla plot in the Executive Block will be up to PKR 17,450,000. 

What are the Benefits of Commercial Plots? 

A property in the most exemplary housing society brings in numerous advantages. However, commercial property in Lahore Smart City comes with a competitive edge compared to residential property. 

Let us explore this fascinating fact.  

Consistent Returns

One of the most inherent benefits of commercial plots in Lahore Smart City is that they are more profitable due to providing consistent returns and, of course, significant cash flow. 

The commercial plots in the housing scheme shall have a longer lease term. It means a more extended cash flow period is guaranteed. Indeed, in commercial properties, the lease documents are essential since they determine the value, price, and agreed to rent suitably in the presence of a lawyer. 

Fantastic Location 

Location plays a vital role in the success of a commercial property. The region of the lodging society is connected to Lahore’s major metropolis. It offers a safe and environmentally friendly atmosphere. In addition, it is near the Lahore Interchange on the Lahore Bypass.

This smart city is also accessible via the Lahore Grand Trunk Road and the Lahore-Sialkot Motorway. In addition, the Allama Iqbal Airport and the DHA Lahore are roughly 18 minutes away from the site. 

Business Opportunity 

Commercial investment in Lahore Smart City will put you in the center of the real estate industry and the people looking for specialist assistance. Firstly, you can begin a business of your own. Take the chance of becoming the monopoly in the region. 

Also, you can generate a second revenue stream by renting the commercial space to agents and brokers. You are gaining significant profits in both ways. 

Are you wondering about the Profits? 

Do you want to evaluate your returns? Then, follow the procedure of the capitalization rate, and you will know of the great numbers. 

It is time to look at the capitalization rate, or “cap rate,” for short, once you have limited down your possibilities to the potential commercial properties of your choice—this aids in determining the probable return on investment of a property.

Cap rate is calculated by dividing your property’s net operating expenses by the acquisition price. You can find the cap rate by doing the following steps. 

  • Multiply the average monthly rent for your property by 11.5. It will give you your gross revenue. Furthermore, this will show how much money you can generate from the property for a two-week vacancy per year.
  • To determine your net income, subtract your monthly operational expenses (utilities, taxes, and maintenance) from your gross income.
  • Then, the cap rate is calculated by dividing net income by purchase price.
  • Finally, obtain the percentage of prospective returns on the property by multiplying the cap rate by 100.

Consequently, now you know how exciting the profits are, how wise a decision you are to take and what an incredible passive income awaits you. 

You may also like the Good Debt to Equity Ratio.

Conclusion 

Under the new sky of the future, the Lahore Smart City commercial plots shall dominate the property market. Therefore, Sigma Properties and Marketing suggest that you keep your priorities with the retail investment in Lahore Smart City. They are limited, at the most favorable prices, and in the best possible location.