Capital Smart City has finally announced the most awaited big news about the balloting of residential and commercial plots. A letter has been issued by FDHL to announce this good news, and relevant details on the eligibility criteria. A limited number of plots being included in the first ballot, and same plots will be given possession in the first quarter of 2020.
According to the official announcement, the society is going to hold a ballot to allot plot numbers by the mid of November 2019. Three Overseas Blocks, and three Executive blocks will be included in the ballot, and same shall be given possessions within a couple of months.
The eligibility criteria to be included in the ballot is given as under:
- Files booked before 1st January 2019 will be given preference.
- Files with at least 40% payment will be included in the ballot.
- Members who have paid 100% upfront payment will have freedom to choose their plot location on the map without going into the ballot.
- Members who have paid 50% or 40% upfront can also avail the option to choose plot location if they pay outstanding installments by 15th October, 2019.
- Remaining plots will be given through ballot to those who have paid at least 40% installments.
As there are about 2500 plots that will be balloted this year, Capital Smart City will send Acknowledgment Receipts to the eligible members prior to the ballot confirming that their files are being included in the balloting.
Once you are included in the ballot, and you get plot number, you will be able to apply for possessions after payment of at least 60% of plot price. In that case, you will submit an affidavit that you will pay your outstanding installments on time along with post dated checks of your installments.
The management is pleased to announce 50% discount in development charges to first 200 members who apply for possession. 25% discount will be given up-front on start of their house, while remaining 25% discount will be given when you shift to your villa.
Moreover, the company will facilitate the members to select architectural designs (designs by an International Firm, DSA) of their villas free of cost. That facility will save about 200,000/- from the cost of design and construction of your villas.
Further, the company offers special discount on memberships of Capital Golf & Country Club to the founding members of the society. That will also include facilities of Royal Orchard Clubs in Multan, Sahiwal and Sargodha.
After all good news, here is a warning for those who are delaying their installments. The company has warned all members to pay at least 2 installments by or before 15th October, 2019, failing which their files will be blocked and cancelled as per terms & conditions agreed at the time of booking, refund will be made within 6 months.
The company is going to levy surcharge on late payments starting from 16th September, 2019. So it is important that you do not delay your installments in order to avoid any inconvenience/cancellation/surcharges.
Following is a copy of the letter issued by Capital Smart City:
Should you require more information on the upcoming ballot, or you have questions which need answers, feel free to contact us via whatsapp at 03455222253 for quick assistance.