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At the airport in Faisalabad, a new runway is going to be constructed

At the airport in Faisalabad, a new runway is going to be constructed

FAISALABAD: Airport Manager Muhammad Anwar Zia said that the new runway at Faisalabad International Airport will be finished by October of this year. This will allow Boeing 777 planes to land.

On Thursday, he told the Faisalabad Chamber of Commerce and Industry (FCCI) that work was also being done on the air cargo complex and that 75 percent of the work should be done before the runway can be used.

Read more with EL news: Taimur Jhagra said center wants KP to surrender Rs117bn in uplift funds

Zia was happy with the number of passengers and air cargo, and he said that 102 domestic and international flights were running smoothly out of Faisalabad airport.

He said that the old runway could only fit small planes, so the government built a new one for wide-bodied planes because they expected the number of passengers and air cargo from the city and its surrounding areas to grow.

He also said that construction work on the air cargo complex had begun and would be finished this year at the request of the FCCI.

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Faisalabad-Smart-City

Faisalabad Smart City

Introduction

Faisalabad Smart City is an upcoming housing Project in Faisalabad that aims to provide a sustainable lifestyle to the real estate investors. This project would enlighten the future of this city in the sector of real estate development. This megaproject would provide the residents of Faisalabad an innovative and eco friendly atmosphere. It is going to be the third smart city in Pakistan that would provide smart technological innovations to the real estate investors.

Owners and Developers

This project is going to be a joint project by Future Holding Development(FDHL) and Habib Rafique Private Limited. The developers of this project are one of the main pioneers in construction sector of Pakistan. They have successfully completed some of the most ecofriendly real estate projects over the past decades. Some of their quality management practices have helped them in earning ISO 9000 certification. The developers are committed to provide world class living experience in residential sector. They are one of the main contributors in transforming different cities of Pakistan.

Location and Map

A lot of housing project are considered worthy due to their ideal location. Before looking for the option of real estate investment, location is one of the most important factor.  The housing project has more worth, if it has more accessible points. This housing project has an ideal location, as it is near to some other housing projects i.e. Paradise Valley 1,2,3 and Wapda City.

 Masterplan

As per the develoeprs, the Master plan of this real estate venture has an outstanding layout, as it aims to attract real estate investors through it. The developers of this project are working to design an efficient masterplan and infrastructure. The masterplan also shows that the housing project would be divided into several sectors. As per the details, this real estate venture would comprise of following sectors.

  • General block
  • Overseas block
  • Executive block
  • Smart villas

Payment Plan

This world class housing project spreads over extensive piece of land. After the approval of this housing project, it would have several residential plots from 3 Marlas to 1 Kanals. So, the payment plan of the plots would depend on their sizes. The developers of this housing project are also planning to introduce 6 quarterly or 18 monthly installments plan. The investors from every background would be able to enjoy the possession of plots. They would have to pay the negligible amount of almost 10% of the entire amount. Following are some of the payment plans of different plots.

  1. 3 Marla plot would lie around PKR 3,000,000 to 4,000,000.
  2. 5 and 7 marla plot would be around PKR 4,000,000 to 9,000,000, and the rates would fluctuate often.
  3. 1 Kanal and 2 Kanal plots would be around 1 crore to 1.5 crores, and such plots would be suitable for constructing humongous houses and huge bungalows.

Facilities

The developers have not yet updated anything about the facilities available at Faisalabad Smart city project. The developers are planning to bring some of the world class features that no other housing project in Faisalabad has. This real estate project will have all all type basic and modern technological facilities. Some of the facilities involve wide carpeted roads, smart technology, free Wi-Fi throughout the sector, the environment friendly facility would provide the residents of this project with a world class lifestyle. The developers of this project have planned some facilities that they have introduced in their previous projects. Some other smart facilities would also be part of this mega project such as automated waste disposal system, or sensor detecting pollution. Following are some of other facilities that the important part of this project.

  • It is going to be a gated community with huge security alerts.
  • Installation of 24/7 CCTV camera.
  • Boundary walls with electric sensors..
  • Several parks, and other sports clubs.
  • Civic Center
  • Availability of water, electricity, and gas for 24/7.
  • Huge Mosque

Advantages and Disadvantages

Advantages

  • Smart technological features
  • Eco friendly environment
  • Reasonable Payment Plan

Disadvantages

  • No NOC approval
  • Huge perception of plot rates

Why Invest in Faisalabad Smart City?

The real estate investors who are planning to invest in the industrial city of Pakistan, Faisalabad Smart City would be a suitable option for investment after Safiya Homes. It is going to be the first ever smart city in Faisalabad that would be grandeur and lavish. Being a third largest city in the country, it is providing several opportunities in the real estate sector. The city has a huge potential that would further increase the value of real estate sector in this city. With the launch of this project, the worth of real estate sector in Faisalabad would further increase.

Conclusion

A lot of real estate experts have suggested that this project is going to be an affordable project with some of the advanced facilities. As Faisalabad has already established itself as an Industrial hub, so value of the would increase in the real estate sector after the launch of this housing project. Faisalabad is an ideal place to reside, as this city has unlimited number of investment opportunities. This real estate venture is going to play a main role in uplifting of the city. So, now the real investors have best time to invest in this project, as the plots are available at affordable rates. After the NOC approval, the prices would increase more. For further details about this housing project, you may visit the office of Estate Land Marketing. We have a team of experienced real estate agents, who would guide about the investing benefits of this project.

FAQS

Q1. What is Faisalabad Smart City?

It is a forthcoming real estate Project in Faisalabad that aims to provide a an innovative lifestyle.

Q2. Who are the developers of this project?

The owners of this project are Future Holding Development(FDHL) and Habib Rafique Private Limited.

Q3. Where is it located?

This project is locatable near Wapda City and Paradise Valley.

Q4. Is it approved?

No, the owners of this project are talking to relevant authorities for the NOC approval.

Q5. Is it affordable?

As per the developers, the payment plan of this project is quite flexible.

Q6. Does it guarantee a high yield of investment return?

Yes, the reasonable installment plan of this project guarantees the high return.

 

 

 

 

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