Capital Smart City Islamabad Attracts Investors after M2 Interchange Approval
Capital Smart City has once again achieved a milestone by getting approval for a dedicated Interchange. This is great news for the people who have invested in Capital Smart City Islamabad.
The notification for approval was issued by the National Highway Authority in the name of the developers, FDHL, on 7th March 2022. It is a breakthrough for the housing society to achieve and they are planning on benefiting the residents with this great news.
Approval Details
National Highway Authority (NHA) Executive Board gave this formal approval to the FDHL and CSC to construct an Interchange on Motorway at KM- 332-333. This permission came in the 381st meeting of the Executive Board, NHA, on 4th February 2022. Capital Smart City is obliged to stick to the approved design by the NHA. This design is to be followed to have access to the NHA-controlled network.
Interchange Access Benefits
Despite being one of the most attractive housing societies in the Twin Cities, Capital Smart City was facing the issue of an appropriate route. Although it is ideally located on Chakri Road and can easily be accessed from all the major landmarks of Rawalpindi, the distance to Islamabad was still questionable. This motorway interchange specifically for the residents of Capital Smart City is going to change the complete perspective of this housing society.
About from all the smart features that this housing society has to offer, now the people will be more than intrigued to explore the benefits of motorway interchange once they start living in this housing society. Capital Smart City is going to have a completely new perspective because of the addition of this new entrance. This is going to provide ease of access to daily commuters. Moreover, the impact will also be seen in the prices of the housing project soon.
Capital Smart City at a Glance
Capital Smart City has been facing rumors about not getting the approval from National Highway Authority for a motorway interchange that is dedicated to the residents of Capital Smart City. It is an approved housing society by Capital Development Authority (CDA) and they have gotten a No Objection Certificate (NOC) for the construction as well.
The value proposition of this housing society was completely based on smart city features but now the motorway interchange will be a bonus for this housing society. This will increase the property value of this housing society making it more desirable for the investors. The prices are likely to be increased soon.
Commencing Date of Construction
The construction of this interchange is likely going to begin very soon. Although a single date is not confirmed for the commencement of this amazing project. National Highway Authority has given its formal approval and it can be regarded as a green signal for the construction of this interchange on the motorway.
The developers are hoping to start the world within the next 2 to 3 months so that the potential investor can physically see the progress of the project.
Blocks Benefitting the Most from New Access
Few of the residential blocks within the Capital Smart City are going to benefit more from this project based on their location within the housing society. Overseas Central Block is the nearest to the interchange which means that the prices of plots in this block are going to see exponential growth. But this is not the only residential block that is going to benefit from it. Other areas of Capital Smart City benefiting from the motorway interchange are as follows:
- Executive District
- Gate Precinct
- Overseas East Blocks
Conclusion
In conclusion, society’s worth is going to increase as soon as the construction begins. The market is already seeing a spike ever since the approval came through. The market will further see an increase in the value of the properties in Capital Smart City as soon as the construction commences.
It is the right time to invest in this housing society not only for its smart city features but also for the convenient location because of this interchange approval.
Contact Manahil Estate to get more information or investment advice about Capital Smart City!
