The merger of Capital Smart City Islamabad with Defense Housing Authority Islamabad-Rawalpindi (DHAI-R) has been confirmed, as verified by recent notification. Rumors had erupted that Capital Smart City had made a partnership with DHAI-R. These rumors were surrounding the town for the last several months. This joint venture is officially disclosed now.
Capital Smart city Islamabad – Merger Letter from CSC to DHA sent to RDA
DHA is going to undertake this exceptional project on shareholding basis. The Framework of the Capital Smart City implementation agreement between Chairman of Future Development Holding (Pvt) Limited and Vice President of Defense Housing Authority (DHAI-R) was signed on November 30th, 2018. The name of Capital Smart City is speculated to change as DHA Smart City after the official announcement.
Capital Smart City, being the first ever smart city of Pakistan, has revolutionized the Real Estate Sector with its innovative and futuristic approach. It is determined to provide its residents excellent residential and business opportunities. The developer’s endgame is to make it an Eco-friendly smart city, planned on the principles of self-sustainability keeping in view the projected influx of population and boom of urban immigration in Rawalpindi and Islamabad over time.
DHA Smart City is a project of Future Holdings Development (Private) Limited in collaboration with Big Name and most reputable Developer, Habib Rafiq (Pvt) Limited, which has been offering its phenomenal services for the past 60 years. On the other hand, Defense Housing Authority is a leading firm in the building and development sector in Pakistan. DHAI-R is known for making the most profitable and smart investment, offering unique and elegant residential and business space with all the comfort, facilities and timeless gracefulness. In the past few years, DHA has grown its roots deep in the real estate sector in Pakistan by keeping its quality consistent.
A wave of excitement has engulfed both the investors and the buyers, after hearing this news as both are experiences yet veteran companies.
Experts have claimed that this is a smart move as DHA is an established and a reputable organization. This partnership will aid Capital Smart City to build its reputation without any hustle. Moreover, it will ensure the security of this new project from any big challenge in the near future. This merger will take this project to soaring heights in the future.