Ways to Start a Real Estate Business with no Money
One of the most popular inquiries we get from new real estate investors is how to get started investing in real estate with no money down or very little financial outlay. Many people think that you need a lot of money to get into real estate. Well, having more money available would surely make getting into the real estate market easier. Fortunately, beginning a real estate firm with little or no money is not impossible. Many people want to invest, but they have not saved a significant amount of money due to low earnings or high expenses. Although you should keep some cash on hand at all times, it is entirely possible to get started without a large sum of money in the bank. So let us delve into the ways to start your real estate business.
1- Purchase a Property for Resale
If you do not have any money but want to start a real estate business, you might sell property on behalf of developers. The market is constantly flooded with new housing and residential projects. To sell their properties, you must contact the developers and sign a contract. You may find these developers on the internet. You advertise and sell the developer’s properties using this technique, earning a commission on each finished contract. The commission or share varies for every project and is also determined by the type of property sold. Naturally, commissions for selling luxury houses are significantly greater than commissions for the budget of sale properties, so you may wish to focus on high-end properties as well.
2- Purchase a Home as an Investment Property
You can buy a residential property with no money down using a bank loan. You can live in it for at least a year or more, then move out and turn it into a rental property. Keep in mind that building equity through real estate investing extends to the homes you already own. Furthermore, the standards for a down payment and credit score for a primary dwelling are always less strict than those for an investment property. As a result, living in your investment properties first is a terrific strategy to avoid the higher lender lending requirements for real estate investment properties.
3- Request Seller to pay your Closing Costs
In many real estate deals, the seller will pay the buyer’s closing fees to encourage a sale. However, you’ll almost certainly have to pay the whole asking amount or close to it as a trade-off. It is appropriate if your rent covers all of your bills while also providing you with a bit of monthly cash flow. If total mortgage payment (including taxes and insurance) is equal to or larger than the rent, you can adequately charge at the full asking price, seek another deal. Rental properties should always have a positive cash flow to cover vacancies and maintenance.
4- Form a Joint Venture with an Investor
Having a real estate investor as a partner can open up doors to new possibilities for your real estate business. So, if you find a great investment property but do not have the funds to close the deal, you might be able to discover someone willing to invest money and assist you in concluding the sale. People wish to invest in real estate but do not have the time or do not want to deal with all of the administrative and managerial tasks that come with it. You can team up with such an investor to realize your ambition of owning a profitable real estate firm while the investor benefits from a hassle-free real estate investment.
Negotiate the conditions of the collaboration with the investor. These types of partnerships are suitable for dealing with rental or fix-and-flip properties. You may start your real estate firm without worrying about cash if you have good managerial and administrative skills. All you need to do is choose the perfect partner to handle your business’s financial needs.
Lead generation is critical to the success of any company. The real estate industry is no different. To gain more business, you need a steady flow of leads, regardless of your role in the real estate industry. Whether it’s a mortgage lender, realtor, or even a house flipper, having a lead pool is crucial for any real estate business. The percentage of leads that turn into real business deals is relatively low. Therefore, every real estate agent anticipates receiving more and more profitable tips. So, if you do not have any initial funding but still want to get into the real estate industry, becoming a lead facilitator could be an intelligent solution.
You can serve as a conduit between the buyer and eager real estate brokers and realtors. You can always start producing leads at a local level to be effective in this line. You can also utilize your contacts to see if anyone in your network or neighbourhood is looking to buy, rent, or sell a home.
The following are possible steps to take in a lead generation business:
First, locate clients or agents who are seeking a property and compile a database of those interested.
Then look for buyers on the internet.
Sell your leads once you’ve identified your clients. The location and quality of a lead determine the cost of the lead.
Conclusion
The real estate sector contains a lucrative business. Even if you do not have a limited budget or no money, you can get into this line of work using the above methods. But bear in mind that entering the world of real estate is merely the first step on the road to success. Your company growth and success are mainly determined by your dedication and ability to find possibilities and act on them. Sigma Properties is here to lend you a hand in building your real estate business with no money.
To reach the destination, you have determined to cover will bring you more challenges and create obstacles to your purpose. Your goal may be to start a business or score higher marks in the graduation examination, to find a job in a reputed company or to promote to a higher position; some obstacles stop your efforts. The most common thing which is discovered in research is that people want to start a business, but they always hesitate to execute their plans. Eventually, they gave their intentions. Although there are some people who have a running business, they have a fear of making losses that are running out of their capital. There are some biggest business obstacles that may cause your anxiety, but you don’t have to worry because we have the solution for that problems and obstacles.
Here, first, we discuss your business problems and then show you how to overcome your biggest business obstacles.
1-Capital Issues
Indeed, this is an obstacle to your business career. If you want to start a business, the first thing you should think of its capital. There are many ways to overcome this minor problem.
Solution
The first door you should knock is of your friend, relatives, or family if you are living apart. If you have younger age and want to start your own business, ask your parents to help you financially. If they don’t have your required money but allow you to start a business, then you should apply for a loan from a different bank. Nowadays, taking a loan from any bank is very easy. There are many loan packages banks offer like student loan, Asaan karobar loan, Kaamyab Nojawan programs, etc. In short, arranging the capital is not a major obstacle as the current government is also taking steps to overcome your business obstacles.
2-Choosing proper business
The next hurdle that you face is choosing a proper business. Many businesses collapse due to the lack of experience of the owner in that particular business.
Solution
Before starting any business, you should be committed to your goal. Take pieces of advice from skilled and smart business people. After you select a business to start, don’t lose your hope if you are not attracting customers. Somehow by hard work, if you succeeded in having your required customer, then don’t decrease the quality of your products because once if you lose the trust of your customer, you cannot attain them again.
This can be a hard decision for every common individual. You always get frightened and stuck between the two, to leave the job or not. This is the biggest obstacle in starting your business career.
Solution
You have heard of a quote that, “if never endeavour forever”. It means if today you don’t try, you cannot try forever. So, if you have the potentials to start a business, let the decision not befallen in your way. In addition, sometimes you own a business, but you could not earn your required income. So, in that case, you should also apply the same decision; just go ahead.
4-Tough competition
This is the most vivid and clear obstacle to your business. If you own a business or work in an organization, you face tough competition. Your competitors want to surpass you, and you want them to be behind.
Solution
Try to bring new things into your business. People always love new brands, knowledge, products, and exclusive offers. Don’t decrease the prices of your products to compete with your rivals as this is the option which they also can apply. Instead, focus on modifying your products and giving them their desired products. You should remember that to have complete materials of any business you own. For example, you own a cloth house, so you must have all the cloth brands and designs customers ask for in that specific area where you run a particular business.
5-Employees hiring
This is a tough task, indeed. You own your business, but you don’t have those skilled persons who can run your business accordingly. You might have mastered the field but have no knowledge of others; then the employees hiring process becomes a headache for you.
Solution
Don’t worry; this is very easy if you are an entrepreneur. Just organize a walk-in interview and ask some general questions related to your business. Keep in mind after hiring employees, don’t treat them as if they are your servants. Always give them respect, so then they would work for you wholeheartedly.
6-Attracting customers
There are many businesses, but they always fail in attracting customers. As you know, as an owner of a business, your first aim is to drag customers toward your product. However, some can acquire their goal while some have obstacles.
Solution
If your products are according to the customer demands, then you don’t have to spend a lot of money on advertisement. People will be automatically attracted to your products. Always try to increase the quality of your goods instead of increasing the number of your goods. Give priority to your regular customers but don’t ignore new customers.
Conclusion
We have discussed your biggest business obstacles. Now you are very much aware of the fact that how to overcome biggest business obstacles. To sum up, there may come many hindrances in your business career but don’t worry; we are with you. Visit Sigma properties if you have any obstacles to your business.
DHA has many projects in the country. It is the most prominent authority around the country. There are five projects of DHA in Punjab. This time it gives the opportunity for the people of KP to invest in their province instead of waiting for investing in other projects of DHA in other provinces. DHA has projects in Lahore, Islamabad, Multan, Karachi, Quetta, and Bahawalpur. In addition, the DHA Peshawar is the first project of the defense housing authority in KP, especially in the capital, Peshawar. This project allows the people of Peshawar to live a standard life. It provides the residents of KP with all the facilities that are necessary and desirable. The project aims to facilitate the people with a residential and commercial plot with easy installment plans and ensure their standard of life reaches a higher level. This would be a benefit for the people of Peshawar to have the defense housing authority project at their doorstep.
Background
The province of KP has a population of 30 million. People from here would go to other cities to invest in real estate. They also wanted to spent time with their families in a soothing and peaceful environment, so they would tend to live beyond the KP as there were no leading and trustworthy housing authorities in which they could believe. With the announcement of DHA Peshawar, the people of KP found their destination in their own city Peshawar. DHA made life easier for the 3.4 million people of Peshawar.
History
KP Assembly Act, 2009 announced the establishment of the Defense housing authority in Peshawar in 2014. The assembly launched the project with the purpose of facilitating the people of Peshawar with a high standard of living. The DHA in Peshawar has emerged to a vivid level in the last six years. It outdid all other contemporary societies. With the development of the society now the city of flowers Peshawar is becoming center of economic activities. It draws investors from the whole country and even from abroad to start their journey with DHA Peshawar. After the announcement in r2014, the authorities made it available for the general public in 2016. In 2017, the authority declared its balloting, and in 2018, the development of sectors A, B, and C were announced. In 2020, it made steps toward commercial launching, and in 2021, work on the development of Sector D is under process, and also the authorities are focusing on the development of Nasir Bagh commercial.
NOC
When you buy a plot, you have worries about the NOC of the concerned housing society. However, DHA Peshawar has no such ambiguities. It has received the go-ahead call under the KP government act x 2009.
Developers
The projects related to DHA are well known across the country. it shows the utmost effort of the developers. Frontier Work Organization (FWO) and National Logistics Cell (LNG) are joint developers of the DHA Peshawar. FWO is a reputed organization determined to develop hundreds of projects in the country.
Location map
The DHA Peshawar is close to Nasir bagh road, Askari VI Peshawar and other reputed and well-known societies like Hafiz Town Peshawar, Yaseen town Peshawar, and run along with Regi Model colony. It is located among the developed and well-known societies of the area. It is located on a very prime location of the province, KP.
Master Plan
Features
The DHA Peshawar has many features that are enough to convince you.
The smart and unique infrastructure
Emergency treatment facility
Mosques
Beautiful and green parks
Wide and clean roads
Best sewerage system
High-level living facilities
Gated community
Standard education institutions
Graveyard
Non-stop electricity
Modern town planning
Playground
Gym centers
Jogging tracks
Commercial markets
24/7 high security
Facilities
You are searching for a society that can meet your desired facilities. DHA Peshawar offers you all the facilities.
Educational institution
Education is considered the backbone of any nation. Keep in mind the importance of education, and society has mainly focused on improving the standard of education. There are plans for building many standard educational institutions within society that play a vital role in the standardization of education. However, DHA is still getting developed. You do not have to take worries about the education of your children. You can admit them to any school you want. The authorities will also help you in providing your children with quality education. Just take a step forward and book your commercial or residential plot in DHA Peshawar.
Health centers
For taking care of your health, the developers arranged the best facilities of emergency health centers. The centers provide services 24 hours a day and seven days a week to facilitate the residents. Health has to be given the most priority. If a person has all the facilities, but if his health does not allow him to do something, all his facilities are useless. So, too for your better and immediate treatment, there are, in the society, the well-equipped hospital is built where qualified doctors and skilled technicians are ready to serve the residents of DHA Peshawar.
Graveyard in DHA
There is some vacant space in the society reserved for the graveyard. The facility is for the people of the society, so they may not have to go far for the burial of their relative’s dead bodies. In contrast, other societies have no such facilities for their residents. They always go long for the burial of dead bodies. Though, developers of many societies do not pay any attention to the allocation of space for graveyards. Because they think that it is not important but, it should be included in the necessary parts of the plan so the residents might not have to do struggles.
Mosques
Religion is the basic institution of society. Muslims must need a place where they can practice their religious duties. In addition, some time for performing religious rituals, Muslims use mosques. There are many sectors in DHA. Each sector has its own mosque. The prominent feature which attracts the people is Jamia Mosque, as there is lacking in most societies. In contrast, some societies have mosques, but they are not as developed in accordance with the structure. Well furnish mosques in the DHA society contributes more to the importance of the society. If you also want to pat the back of the developers for this facility, then join and complete the desire you are longing for.
Libraries
You must have to develop your taste in reading. To read more is a sign of perfection. By reading, you can know all about your upcoming investment. You can master the art of reading by frequently visiting the libraries. DHA, Peshawar has many libraries in different sectors. You can go there and quench your thirst for reading. All the libraries have got their NOC from HEC. There are many books available in the library in different fields like education, health, economics, literature, religion, real estate Pakistan, agriculture, etc. The knowledge will help you in various parts of life.
Commercial markets
The daily usage of groceries is hardly available in certain societies, and if available, it is located very far from the reach of common residents who don’t have their own car or bike. However, DHA Peshawar has commercial markets in which all the essential elements of daily usage are available at very agreeable prices. Sometimes, in societies, commercial markets are available, but they charge very high prices. In the end, if you are linked with DHA projects, you don’t have to worry about buying your essentials. In addition, there are also sub-markets available at the corner of each street to provide easiness to the community member. There are also vegetable markets from where you can buy fresh fruits and vegetables.
Parks
After you return from a whole day long work, you want to refresh your mind and have some free time for yourself you always go to a park which can soothe your mind and bestow your peaceful environment. Furthermore, all the housing societies have parks for the amusement and recreation of their residents. However, the DHA housing society keeps something extraordinary for the development of the mental health of its residents. Walking in a park not only maintains your physical fitness but also gives you the opportunity to refresh your mind and get your mind out of the mental pressure you had observed during your work hours. The parks in DHA have jogging tracks, a swimming pool, and flower gardens. There are also some botanical gardens on some sidewalks of the parks.
Network of roads
You always get frustrated when caught in a road jam. Spreading the network of the wide road is the highest capability of every housing society. Housing society which has the widest roads and streets, drives more investors and people to choose to live there. DHA society has a network of clean and wide roads that enables you to reach your aimed place within minutes instead of hours. The roads are newly constructed by skilled engineers and adept designers. Hence, barely-there will be any dig or patch. The roads are smooth that boosts the life of tires of your vehicles. Road in DHA is 130ft, and internal roads are 80ft. 1 Kanal plot is available at 50ft road and 10 marlas on 40ft and five marlas on 30ft roads. The roads lead to each and every sector.
Sewerage system
You have witnessed in some areas dirty water surface of the road due to useless sewerage system. The improper system of disposal of used water and other wastes can cause the spreading of many contagious diseases. To avoid being the victim of a disease, always select the proper society for your residency and commercial investment. Apart from all other societies, DHA Peshawar has a modern underground sewerage system that takes the dirty water and wastes far outside of the society through long and strong pipes. The modern disposal system also helps in setting free the environment from pollution. The paved drains also help in cleaning away the society.
Payment plan
1 kanal plot for sale
1 kanal residential plots are available on three monthly installment plans of Rs417000 with a down payment of Rs500000. Total price of the plot is 5500000.
10 marla plots for sale
10 marla residential plots are available on three monthly installment plans of Rs212500 with a down payment of Rs250000. The total price of the plot is Rs2800000.
Verification of property
If you have a property in the form of a commercial or resident plot, you must have to verify it. But how to verify your property needs to go through a proper procedure. You must follow the following steps.
Documents required
The verification fee is Rs650 which will only be applicable within 24 hours.
Copy of CNIC of the owner
Copy of CNIC of the authority holder
Originally paid voucher of the verification fee
Copy of the property dealer’s Registration Card(if you have made the transaction through a property dealer.
Copy of Allocation/Intimation/ Allotment and transfer letter.
Procedure
You can have the verification form from the window office at the finance desk of the Defense Housing authority Peshawar.
Submit the file to the DHA office along with all the documents mentioned above.
The next day, the customs officer will collect the form from the DHA office.
Why invest in DHA Peshawar
If you intend to put your assets in a real estate industry with the hope of getting more profit, you are on the right track. However, the section of society which can come true on your expectation will take a few moments for you to think. So, don’t be lazy and select DHA Peshawar for investment. The main features of the society may lead you to invest in this society. As you know about DHA projects across the country, it have drawn the services of very skilled persons. It is an opportunity for you to invest as the developers are rapidly upgrading society. Now, prices of the commercial and residential plots are very low and soon, it would emerge into high and stable prices, which can give you more profit. If you have already invested in this society, you will be glad to know that in recent times, many investors bow their steps towards investing in DHA. The most prominent and important feature of DHA is its security. You don’t have to worry about being cheated or something else. You will be regretting your decision to book a plot in society. You can know the importance of investment in DHA by exploring the ratio of investment in this area for the last year.
Development statues
The development work on DHA Peshawar is very rapidly ongoing. However, work on sector A is 100% completed. The authorities are toiling their best to bring sea changes in development sectors. They are aiming to build the rest of the project in accordance to international standards. As you can read above, many facilities are unique and luxurious. The completion of this project may take some time as there were many factors that cause a halt in work progress.
Pros and cons
Pros
Here are some pros for drawing your attention
Pure water is available 24 hours a day
No electricity shortage
Sui gas is available with full pressure
Schools in the society are according to international standard
There are many parks and recreational parks and beautiful gardens
There are many markets and shops from where you can buy anything of your need.
Peaceful environment
well-constructed roads are the real assets of the society.
Cons
The development work is no completed yet.
Very few plots are available for sale.
FAQs
Q1: Who are the developers of DHAP eshawar?
A1:Frontier Work Organization (FWO) and National Logistics Cell (LNG) are joint developers of the DHA, Peshawar.
Q2:Is it approved by the Government?
A2:Yes, it has received approval under the KP government act x 2009.
Q3: What is FWO?
A3: Frontier Work Organization (FWO) is a reputed organization determined to develop hundreds of projects in the country.
Q4: Does the society have basic health facilities?
A4: Yes, the society has basic health facilities.
Q5: Can I buy a plot on an easy installment plan?
A5: Yes, payment plans are easy and affordable.
Q6: What is the location of the society?
A6: The DHA Peshawar is close to Nasir bagh road, Askari VI Peshawar and other reputed and well-known societies like Hafiz Town Peshawar, Yaseen town Peshawar, and run along with Regi Model colony.
Q7: How can I verify my property?
A7:You can verify it very easily. All the procedure is given above.
Q8:What are the prices of the plots?
A8: The payment plan is given above. And if you need more detail, contact us.
Conclusion
In the end, now you are pretty sure where to invest your money. Undoubtedly, the investment in DHA Peshawar will commence all your expectations. Don’t freeze your capital and take a step into the real estate industry. If you have any obstacles, visit sigma properties and find the solution for your problems.
The real estate is a business of unpredictability, the kind that brings in a tremendous amount of profit. The property’s location primarily determines the size of the profit in the real estate business. Buying, selling, and renting properties are the most common ways to make money in the real estate sector.
The real estate universe is expanding dramatically, leading to a massive expansion in opportunity, especially in emerging markets. Cities that are rapidly expanding will present a more extensive range of risk and reward opportunities. The real estate industry’s growth will be fuelled by technological innovation and sustainability. These have given a huge opportunity to start a modest business in the property of Pakistan’s major cities. Thus, let us delve into the sea of profitability and emerge with the knowledge to build a real estate business.
Property Resale
Property flipping or resale has been one of the most popular real estate business ideas in recent years. Buying a neglected home, fixing and upgrading it, and then selling it for a profit, usually to a retail buyer, is what property flipping entails. While flipping a house may not provide a steady income stream like renting does, it can generate big, one-time profits on particular properties. Many general contractors may buy and sell one or two houses every year to supplement their income. On the other hand, there are real estate investors who focus nearly entirely on flipping properties. A property flipping company, like rentals, can be conducted from your house.
When it comes to property flipping, one of the most important elements to consider is carrying costs. To keep your flip lucrative, keep the time you spend on the property to a minimum. Once you have listed the completed property for sale, it is critical to examine the efficiency and availability of your repair or improvement construction crew, as well as the state of the market.
Another strategy to boost flip profitability is to keep costs under tight control. Ensure that the upgrades you select will pay you in the long run. Expensive design embellishments that do not add to the bottom line should be avoided. Keep in mind that you’re not designing a home for yourself; you are constructing a home for local consumers in a certain market at a specific price range.
Become a Property Owner
Many people’s real estate business strategies are founded on the basis of becoming a landowner. You can generate income in these ways by owning a property and renting it out:
Because of the financial flow you receive in the form of rent each month, you’ll be paid on a regular basis. Your profit margin improves annually as you use this monthly cash flow to pay off the property and raise rents in line with market increases.
Long-term advantages come from the increase in the value of your property over time. These profits are realized when the property is sold. You can also use the equity you’ve built to fund portfolio repairs, renovations, and expansion.
Being a property owner provides you with an excellent cash flow as well as a solid investment asset. It also allows you to create a legacy portfolio of properties that you may pass on to your family with little or no tax liability. Landholding for the purpose of profiting from real estate has been established since the middle ages when true lords owned land and received fees from people who worked on it. In more recent times, real estate has generated plenty of millionaires and billionaires all across the globe.
Become a Property Photographer
Not every real estate business idea revolves around the properties alone. Some tasks need you to market the property, such as becoming a real estate photographer. Photographs of properties are taken by real estate photographers for sellers or landlords and then uploaded online as part of a marketing effort. The quantity and size of the houses you have to photograph on a given day determines your working hours as a real estate photographer. Larger homes necessitate more photos and, as a result, more time. Although you will need to do most of the actual work on the location of the houses being taken, many real estate photographers choose to establish their real estate businesses in their homes.
Drone photography is used to contextualize the property location and highlight the qualities of luxury homes, farms, and more significant acreage in numerous places. To guarantee that your images represent the property at its best, you will need to invest in high-quality photography and lighting equipment, as well as advanced editing systems. Working with the real estate agent or homeowner to make sure the house is adequately readied, cleaned, landscaped, and staged will go a long way toward making your images the best they can be. As soon as your business flourishes, you can hire property photographers as well.
Become a Real Estate Agent
To be a real estate agent has been a common way to participate in the sector. Since it needs formal schooling and, in most cases, licensing, becoming a real estate agent is more difficult than getting into other sections of the industry.
Real estate agents are not paid until the property sells, so you will need to support yourself financially when you first start as a real estate agent. A natural skill to connect with others will go a long way toward assisting you in expanding your business. The winning and engaging personalities of many real estate agents have lead them to their success.
Even against more experienced agents, a solid website, constant content generation, and continuing social media management may help you quickly establish a brand for yourself. Promote your real estate firm with content tailored to a specific area, market niche, or audiences, such as blogs, videos, or podcasts.
These are a handful of the many real estate business concepts proven to be successful and profitable. The most challenging element of entering the real estate sector is taking the initial step. Start working on your real estate business today to ensure that it is profitable tomorrow.
To own a piece of land, first of all, you search for its access points. Similarly, many people were anxious about the interchange concerned with Capital Smart city. People thought if the Smart City fails to get approval for interchange, then the city’s development will face more challenges. People were always asking what the housing city benefits were as it was close to the Airport but not connected to the motorway through interchange. And they were accurate in their doubts to link the city’s success with the approval of interchange. The owners of the smart capital city are trying emphatic efforts to facilitate its clients.
NHA approval letter
The capital smart city now has made shorten its way to the highest level of development. Recently, NHA gave approval to the said society for interchange. With the permission of the interchange, the smart city has access directly to the Airport. The NHA approval letter has many points. The directors made the letter public so that everyone could know the facts behind the giant leap. However, there was no such need for the showing of this letter to the public, but it will boost the confidence of the investors who intend to invest incapital smart city. The clauses in the letter are given below:
Clauses in the interchange approval letter
Provincial approval for two years
NHA issued the letter on June 6, 2021. Capital Smart City submitted Rs 47 crore for two years to complete the interchange. Within the duration of two years, the interchange has to be completed and operated. In case if they fail to complete the task, NHA will return its submission fee after some necessary deduction. And then they have to follow the whole procedure for approval again.
Capital smart city cannot use the letter for publicity
The next point of the letter is that CSC cannot use the letter for publicity, but they made it public because the owners of the CSC don’t want to keep their investors in doubt. The clients kept asking about the NOC and letter to show them even in black & white copy. So, despite the prohibition of the authorities, smart city made it public to answer the questions of its clients. Due to this clause, the smart city did not agree to publish the letter.
New owners of the CSC will revise the whole procedure
According to the third clause, if the owners of the smart city transfer the ownership of the smart city to another owner, then NHA will cancel the approval letter for interchange, and the new owners will file a request again for the interchange approval letter. This is just a clause embedded by the authorities. Otherwise, there is no chance of changing the ownership as CSC is not a little shop. Now it has become a real industry state. It is a large group of investors and developers. It has a lot of projects and huge capital. So, there is no need to worry about transferring ownership.
Land addition
The fourth clause is to add more land to the project. First, it was the project of 7500 Kanal, and now it is going to approve 25000 Kanal. The addition of land to the CSC, though, very impressive, but then the city has to pay Rs60000 per Kanal to the NHA. Surely, there is no fault in increasing the Kanal of the land, but just the city has to pay a little more amount to the authorities. The land addition has no bad impact on the people as they should happy to have such projects.
Design and operation
According to the 6th clause, the design and operation will be according to NHA. The capital smart city should keep straight all the instructions and designs of the NHA. The authorities will approve the project after the completion if it does not collide with their proposed design.
Benefits of the interchange approval letter
The overseas clients will get more benefits due to the approval of this letter as interchange leads beside the overseas block. Paperwork and design work will take somewhat three months. In December, the developers will start physical work on the project. As we discussed above, the land addition will improve the investment rate, and society will get more fame. The investors who have already invested can have more profit as the interchange approval letter drew more attention from the people.
Conclusion
You clearly know that even a single paved road linked to land increases the market value of that land. Now imagine how an interchange would increase the value of lands along which it passes. This housing society now has a prominent posture among others as it achieved the milestone. I
f you want to avail the opportunity, don’t wait for tomorrow and visit sigma properties for booking your plot in Capital smart city.
