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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 )

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

    424 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?
      424 days ago 

      Imtiaz
      (828 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.
        424 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.
          423 days ago 

          Imtiaz
          (828 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
            423 days ago 

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

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

                Nadeem Ahmed
                (4266 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
                  423 days ago 

                  Muhammad Abi..
                  (20 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.
                    422 days ago 

                    Nasir
                    (149 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.
                      422 days ago 

                      Imtiaz
                      (828 posts)
                      Abid sb,



                      - Smart City is quite an advanced concept. CSCI is not a smart city, even if they develop 100% as per their promise. In Smart City, at the least level your cars, home appliances, and all other utilities are interconnected. No Smart City in Pakistan. In entire world there are 2 - 3 smart cities and they are just at the starting level.



                      - Surbana Jurong Malaysian --> is not Malaysian, its a Singaporean company. In Pakistan, they only have two projects Reko Diq and Pakistan Petroleum. That's it!



                      - Why Habib Rafiq do not mention CSCI on their list of local projects...?
                        422 days ago 

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