Overseas Prime is the new block, launched by Capital Smart City, providing a high-end community with the most scenic views.
Launched on 23rd October 2020, Overseas Prime has been designed to provide a luxurious and high-end living standard through its 50 feet wide streets, exclusive views of the water front, 18-hole golf course and the Khairi Murat mountain range.
As a launch-time special offer, the proof of foreign residence required for booking in overseas blocks will be exempted until 3rd October 2020. So, anyone can book in the Overseas Prime block before the deadline. Scroll down for details!
What does the Overseas Prime block in Capital Smart City offer?
The Overseas Prime block offers residential plots from 7 marla to 40 marla (2 kanal) in a high-end community purposefully designed at the highest elevation of Capital Smart City to offer the most scenic views.
Residential Plots from 7 marla to 40 marla
The new block offers residential plots of various sizes including 7 marla, 10 marla, 12 marla, 1 kanal and 2 kanal.
The exact dimensions of the plots have not been shared yet, however, the size ranges from 175 square yards for 7 marla upto 1,000 square yards for 2 kanal plot.
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Distinguishing Features of Overseas Prime
While the entire community of Capital Smart City is being developed with a revolutionary vision and an uncompromised focus on quality, the new block brings some promising features that overseas Pakistanis yearn for in Pakistan.
Here we have listed some of the features of the newly launched premium overseas block that differentiate it from the rest of the blocks.
Exclusive Views for Overseas Prime Residents
Having a beautiful and clean neighborhood with natural scenery is the dream of every Pakistani. Overseas Pakistanis particularly look for such a community because they enjoy such a scenic neighborhood during their time abroad.
The Overseas Prime block is designed in a way to allow for maximum scenic viewpoints.
Situated at the highest elevation, the residents of Overseas Prime will be able to enjoy exclusive views of the water front, Khairi Murat mountain range and the 18-hole Signature Golf Course being designed by Peter Harradine.
Moreover, the residents will be able to see the entire community of Capital Smart City. They will be able to enjoy the mesmerizing skyline of Capital Smart City and lankmark buildings from atop.
The natural lakes and rivers preserved in Capital Smart City, Chahan Dam and the Dancing Fountains of the Crystal Lake district are some of the major attractions that will be visible from the Overseas Prime block.
Not just that, Capital Smart City has also planned a lot of entertainment and recreational activities for its residents that will be visible from the new premium block due its elevated landscape. Some of the features are listed below:
- The Ferris Wheel
- Water Sports area
- Artificial beach at lake view terraces
- F-2 race tracks
- Dancing fountains of Crystal Lake district
180 feet Wide Smart Broadway
The main entrance gate from Chakri road opens directly into the Overseas Prime block through a 180 feet wide Smart Broadway. Including the green belts and service roads, the total width of the Smart Broadway is 300 feet which depicts the opulence of the community.
50 feet Wide Streets
All of the streets in Overseas Prime block will be 50 feet wide, including 7 marla plots!
This will be a defining point for the community as wider streets provide more space for green belts, parking and overall aesthetics. The 50 feet wide streets will further elevate the living standards of the community.
The new block will be connected with the rest of the Capital Smart City by smart transport choices including DR coded bikes, Hybrid/Electric cars and the smart BRT system of Capital Smart City.
Moreover, the new block is connected with the rest of the city through a dedicated access road (Smart Broadway) on Chakri Road whise entrance is located near to the Rong Road interchange.
Payment Plan of Overseas Prime block
The launching prices of the residential plots ranging from 7 to 40 marla in size are quite reasonable when compared with the booking price of Overseas block in Capital Smart City.
The launching prices of the premium block are only 2.5% higher than that of the Overseas block.
However, it is expected that the prices will soon be increased to match the demand as well as the premium features offered by the new block.
We all know, by now, that Capital Smart City has a habit of under-pricing their new products. Click here for a detailed review of the pricing policy followed by Capital Smart City.
New Payment Plan – Revised October 2020
Monthly or Quarterly Payment Plan
The original payment plan divides the installments in a combination of monthly and half-yearly installments, as shown above. However, members will get the option of converting the payment plan into a quarterly or monthly plan. The half-yearly installments will be equally divided among all installments.
The development work has already started on the Overseas Prime block and the 140 feet Smart Broadway that provides direct access to the new block through Chakri Road.
Why invest in Overseas Prime?
Overseas Prime is a purpose-built, exclusively designed community offering a lavish lifestyle to its residents. The 50 feet wide streets combined with the 300 feet wide Smart Boulevard add an extra oomph to the already smart community of the residential project. Here is why we think Overseas Prime is worth your hard-earned investment:
1. Dedicated entrance from Chakri Road
The 300 feet wide entrance road, called Smart Broadway, opens directly into the Overseas Prime block. The entrance gate is situated near the Ring Road Interchange providing high accessibility to the new premium block.
Furthermore, the construction work of the entrance has already been started. With the entrance already built, the demand for this block will surge in no time.
Residential blocks with direct and built access roads from Chakri road have shown tremendous profits such as Overseas district 1. Therefore, it is highly expected that Overseas Prime block will also follow the same trend and return on investment will soon be highly positive.
2. 50 Feet Wide Streets
All of the streets in Overseas Prime block are designed to be 50 feet wide, including 7 marla plots.
Wider streets signify spaciousness, allow for more greenery and prevent congestion even after the community is fully populated.
Therefore, wide streets have been taken by the market as a highly attractive feature of Overseas Prime.
3. Ease of Payment Plan and Embedded Flexibility
The launching prices of the new premium block are quite reasonable as compared to the additional features that it offers. It is being suspected that the booking prices will soon be increased, as has been done by Capital Smart City after the launch of new product.
3.1. Longer Payment Plan of 3.5 years
The payment plan of Overseas Prime is of 3.5 years instead of 3 years.
The longer payment plan includes smaller installments making it easier to manage.
3.2. Flexible Choice of Plan
The actual payment plan is based on a combination of 42 monthly and 7 half-yearly installments. However, Capital Smart City has given the option of converting it to a monthly or quarterly payment plan at the time of booking.
The ability to choose a solely monthly or quarterly plan allows investors and members to select a plan that suits their financial management strategy.
How much will the installment be in a monthly or quarterly plan? You can get an idea of that by dividing the half-yearly installments equally and adding to the monthly installments.
Booking in Overseas Prime
Booking in Overseas Prime block is open for the residential plots at 10% downpayment. Another 10% will be payable within 1 month of booking as confirmation.
The remaining amount will be payable in installments over a period 3.5 years. The frequency of installments can be chosen as monthly, quarterly or a combination of monthly and half-yearly installments.
For booking in overseas block, proof of foreign residence is required at the time of booking to make sure that the booking is being done by overseas Pakistani.
Special Offer – No Proof of Foreign Residence till 3rd October
Before 3rd October 2020, the proof of foreign residence will be exempted implying that anyone can book in Overseas Prime block. Even if you are not an overseas Pakistani, you can also book in the newly launched premium block before 3rd October 2020.
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