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General Advice discussions and advice. Participate in ongoing dicussions and get invaluable General Advice advice from people who are experts in their industries or start a new General Advice discussion.
Naveed Ahmed
( 8 posts )

[90 Replies]
Reviews regarding authenticity and value of the project

    214 days ago In General Advice
    Post Answer
    Naveed Ahmed
    (8 posts)
    Hi, I am looking for some expert advice regarding an investment in Capital Smart City Islamabad. RDA approved this project, not the CDA. Who is the actual owner of this project? Will this project be a good option for investment?
      214 days ago 

      Imtiaz
      (468 posts)
      The project seems ok. They have the NOC from RDA so its a big plus. However,



      - Plot prices are on a higher side.



      - so far all on paper, not any meaningful thing on ground



      - Their link to Habib Rafique Limited (HRL) is not very clear. HRL donot show any linkage to this project on the list of their local projects. These guys are using HRL name a lot for marketing. The problem is if some day HRL backs out of their claim, no one would be able to do anything. Like in recent years, DHA backed out of DHA City and common people got suffered big time.
        214 days ago 

        Ahsan Iqbal
        (23 posts)
        Visit our website for all the details on Gwadar and Lahore real estate https://btnconsultants.com.pk/
          214 days ago 

          Naveed Ahmed
          (8 posts)
          How can we confirm the real owner of this project from RDA. Is there any other source from where we can get the owner name. There must be one team responsible talking about their project. I contacted UK and Islamabad team found the difference in the information they have. Even the location is not exactly confirmed.

          I am not in Pakistan therefore very confused to invest in this project.
            213 days ago 

            Imtiaz
            (468 posts)
            At the moment, best can be to wait and see strategy. May be some profit can be missed, if later that materializes to something. Best is to wait and play safe! The prices wouldn't go up significantly as till now its all on papers and promised too much to be executed and delivered
              213 days ago 

              Wajahat
              (115 posts)
              Capital smart city is a good society bt will take at least 3/4 yrs
                213 days ago 

                Imtiaz
                (468 posts)
                We hope so, if they deliver in 3 - 4 years thats a big achievement!! They have promised too much for the marketing sake
                  213 days ago 

                  Nadeem Ahmed
                  (4627 posts)
                  The location and access is not very impressive.Price is not justified even in installments plan.

                  https://www.google.com.kw/maps/place/Capital+Smart+City+Islamabad/@33.5028848,72.8458826,13187m/data=!3m1!1e3!4m5!3m4!1s0x38df9aa24f64a86d:0xbf21e4cdc530bdfc!8m2!3d33.4649905!4d72.8444188?hl=en

                  Regards
                    213 days ago 

                    Muhammad Abi..
                    (23 posts)
                    It's going to be Pakistan first Smart City.total project time is 3 years and its design by Surbana Jurong Malaysian Smart City designer.

                    Habib Rafiq own all the 55,00 land.
                      212 days ago 

                      Nasir
                      (121 posts)
                      Location of smart city is faraway from populated area of Islamabad and Rawalpindi in the middle of nowhere, the only good thing is that it will be connected to motorway and you can reach airport easily but how many times you will travel to airport in a year, otherwise its a long long way to reach to the city whether its Rawalpindi or Islamabad. Rates are also on high.



                      in my opinion, it will take at least 10 years that people will start living there if development starts today.
                        212 days ago 

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