This article hopes to give the reader a holistic view of where the Nova City NOC stands as well as why investors place this no-objection document in such high regard.
Nova City Islamabad is one of Islamabad’s newest real estate ventures. In just a short amount of time, this housing project has turned the heads of every investor not only in the federal capital but nationwide. Consequently, Makeen Marketing has seen an influx of queries— the most prominent one being the Nova City NOC issue.
In short, the housing project hasn’t acquired its NOC as of yet. However, judging from the rapid upward trajectory this project has displayed, many speculate the Nova City NOC is underway. In just a few months, Nova City Islamabad has completed the construction of its main boulevard. This kind of fast-paced development is a good indicator of municipal organizations such as the TMA of Nova’s legitimacy.
The society has already received its PP1 approval— a strong indication that the Nova City NOC is soon to follow. Once the NOC has been approved, Nova City owners and developers will officially launch the housing society, along with its marketing phase.
The Nova City NOC is an important facet in determining how successful the society is going to be. This is one of the first things any potential investor will make sure of since it adds legitimacy to the housing project. How exactly is this done?
A no-objection document state that the housing society has been approved by related municipal organizations to receive basic amenities. These could be electricity, gas, water, and sanitation. Additionally, the Nova City NOC legitimizes the project by implying that TMA has gone over the file tracking process.
Thus, once you have submitted the down payment to your plot, the TMA will monitor and regulate the file’s status to prevent any corruption. This helps promote a level of transparency throughout the real estate market.
Moreover, before approving a NOC, TMA will be inspecting the payment plan as well as the layout of the project to ensure that the investors don’t end up at a loss.
There is little doubt that Nova City Islamabad will become the next big project in the capital. If you’re looking to book your Nova City 10-marla plot then contact Makeen Marketing. We are an authorized dealer as well as an Elite Sales Partner of the housing project. Formulating the best real estate solutions for our clients is a top priority!
Today’s blog will focus on real estate ventures or housing societies for overseas Pakistani.
The reports from different sources show that the remittances in Morocco, India, Mediterranean countries, and Pakistan are increasing. It means that Pakistanis living abroad send money home to help their families and the nation on the whole. Remittances have an indirect impact on a country’s development. Families of Pakistanis living abroad will either spend it right away or save it for later use. The last option of utilizing the money is to invest it somewhere.
According to the State Bank of Pakistan, Remittances to Pakistan are $21.84 billion between 2019 and 2020. Around 62% of this money is spent for family consumption, 16% goes to financial investments (bonds, shares, etc.), and the remaining 22% is directed to the real estate sector and housing. Now that property taxes for overseas Pakistanis have been cut, it is high time for them to direct their real estate investment in Pakistan.
We will treat the housing societies for overseas Pakistani: housing societies by Government and by private developers.
Overseas Pakistani Foundation (OPF)
This is the government’s initiative to empower overseas Pakistani and encourage them to send more and invest more in Pakistan. OPF provides different services to people living abroad. But the most prominent one is the housing societies for overseas Pakistani. The web of these housing societies spreads over the country. The government has built these housing societies in Islamabad, Lahore, Larkana, Mirpur, Peshawar, Gujrat, and Dadu. The plots have been allotted to several people up till now.
The foundation has a service called ‘Naya Pakistan Calling’ which is going to be the overseas Pakistani portal.
Now let’s move on to the private sector providing accommodation blocks to overseas Pakistani.
Blue World City Overseas Block
The Blue World City overseas block was built to entice Pakistanis from abroad to visit and invest in the region. Since it is situated alongside the main boulevard, the block is opulent. It has been attempted to provide access to almost all services to the inhabitants of this block. Large swaths of land have been set aside for parks and greenery. RDA has given its approval to Blue World City’s Overseas Block. So, this housing society for overseas Pakistani can be trusted, and they can put their money to good use here.
Capital Smart City Overseas Block
Capital Smart City Islamabad is in close proximity to the Islamabad International Airport. The Gate Precinct provides security for Pakistan’s first-ever smart city. The Capital Smart City aims to accommodate the locals and be the only demanded housing society for overseas Pakistani. The Capital Smart City initiated the most premium overseas block within its area. The plots in the overseas block are at height, and the residents can view the beautiful and fresh environment of the smart city from there. The lakes, Chahan Dam, Khairi Murat hills are the view to die for. The overseas Pakistanis are encouraged to invest here by its potential to generate high profits and because it is announced legal by RDA. Simply put it is an overseas Pakistani investment opportunity.
Bahria Town Karachi Overseas Block
All of us are well aware of the fast-paced life and the constant hustle-bustle there. The noise and traffic congestion can sometimes become tedious to cope with. So, the Bahria Town developers, after the success of multiple projects, launched Bahria Town Karachi. Here they allocated an area for the overseas block to facilitate overseas Pakistani. The peaceful and serene environment of Bahria Town Karachi overseas block makes it a premium location. The owners promise to provide security to the residents and a better electricity supply system that will ensure no load shedding.
Water rides, Theme Parks, and play lands are as well the key features.
Park View Villas Lahore Overseas Block
Lahore is home to Park View Villas. They were originally built to serve the general public. But due to high demand and LDA approval, the Park View Villas expanded to include an overseas block. This zone will then serve the needs of overseas Pakistani buying property in Pakistan. The Park View Villas is accessible via the Lahore-Multan road. It allows visitors from both intercity and intra-cities to access the project. The Thokar Niaz Baig interchange is 3 kilometers away from society. The developers aim to provide every possible facility to the residents.
Lahore Smart City Overseas Pakistani Block
Lahore Smart City has also begun construction on an overseas block to accommodate Pakistanis living abroad. Plot cuttings of 5 Marla, 10 Marla, and 20 Marla are available in the block. The price gap between the executive block and the overseas block is just PKR 10,000. Showing that the developers do not plan to cash in on potential clients solely based on the label “overseas block.” The extra PKR 10,000 fee, on the other hand, is for the facilities, services, and amenities to the overseas Pakistani. The Lahore Smart City is the second Smart city of Pakistan after the one in Islamabad. IT has its NOC approved by LDA.
Finally, a host of housing societies have joined the competition to cater to the needs of overseas Pakistani. This is because they were able to recognize the niche’s ability to produce significant income for them. And that the overseas Pakistani property investment is going to rise in the coming times. However, you should do your homework to know where you should invest. If you don’t get it, make an appointment with Makeen Marketing for consultancy and other real estate services.
There are multiple reasons to invest in Blue World City Islamabad as this project is known to be one of the latest and most innovative housing societies to have ever been developed in Pakistan. Hearing such a claim, one would definitely want some credentials supporting it. In other words, people want to know the reasons for investing in Blue World City Islamabad.
To provide clients with a solid proof of the brilliance envisaged by this housing society, we are providing our clients with details about all the Blue World City features. These property features have the potential to provide you with a set of good reasons to invest in Blue World City Islamabad.
A Futuristic Tourism Destination in Islamabad
The Blue World City Islamabad Layout includes a major chunk of the housing society reserved for a number of thematic parks and sports stadiums. Owned by the Blue Group of Companies, this housing society is about to develop a large-scale water park for the people of Pakistan.
This means that this housing society is not just limited to Islamabad, but the entire tourism coming in from around the country as well as from abroad will find Blue World City as the top tourism destination in Islamabad. Hence, investing in Blue World City in recent times means that you are actually investing a massive real estate project that guarantees maximum returns on investment.
A China-Pakistan Friendly City
Blue World City Islamabad is being developed in collaboration with a Chinese firm and it is located near to the China Pakistan Economic Corridor. This is why it is being referred to as a China-Pakistan friendly city and it is being considered as the future of real estate in Pakistan. As a result of this, the Blue World City management has developed the gate of the housing project on Chinese designs and it has become one of the finest real estate destinations in Islamabad.
It is situated right next to the M2 motorway and in the path of CPEC. Hence, Blue World City is more than just a traditional housing society as it is being referred to as the epitome of innovation in the real estate sector. This has happened for the first time that a housing project has been developed on the basis of tourism. Infrastructures such as the Blue Mosque and other features are making this project a success.
Blue World City and Naya Pakistan Housing Scheme
In a recent event carried out by Imran Khan for the Corona Relief fund, the CEO of Blue Group of Companies Mr. Saad Nazir has announced participation in the Naya Pakistan Housing Project. He briefed the Prime Minister that Blue World City Islamabad is looking to be a part of the Naya Pakistan Housing Scheme by providing the government with free of cost land for the building of 50,000 apartments along with the building of 5000 homes for the projects. Therefore, investing in Blue World City’s real estate is more than a regular investment as it is an investment in the future of Pakistan’s real estate sector.
Moreover, Saad Nazir also announced 2-Crore Rupees donation in the Corona Relief Fund and gave a proof of Blue World City’s intentions to protect the people of Pakistan. The management of Blue World City is aiming to provide investors with the best rates for buying plots in Islamabad and make profits to uplift the real estate industry of Pakistan.
Makeen Marketing is Islamabad’s top real estate agency with a focus on developing some of the best real estate solutions for investors in the market. We are here to provide you with detailed knowledge regarding real estate investment in Islamabad and Rawalpindi. Call us at UAN 0330-0(MAKEEN)625336, or visit our office at Plaza D1, PWD Islamabad.
Nova City Islamabad is Islamabad’s real estate industry’s most hyped project. The amount of attention it got since day one is quite unexpected. The demand for Nova City Islamabad plots is so high that it has created scads of buzz around the project. Now the Nova City prices are expected to rise. As everyone wants to get their hands on the Nova City plots, the dealers don’t want to miss any clients. Real estate investors consider Nova City Islamabad to be one of the most desirable of the new housing societies in Islamabad.
Just like the meaning of its name, the Nova City Islamabad is going to prove itself as the rising star soon.
Nova City Plot Cuttings
The developers and owners of Nova City claim to have purchased 8,000 to 10,000 Kanals of land. They do, however, want to restrict the market’s supply and only sell through registered dealers. Plot cuttings of the following sizes are available at Nova City Islamabad. These are expressed in Marla/ Kanal and their equivalent square feet.
5 Marla (125 sq. yard)
10 Marla (250 sq. yard)
1 Kanal (500 sq. yard)
2 Kanal (1000 sq. yard)
While Nova City Islamabad is not yet developed, specific areas for projects such as the Nova City Grand Mosque and the Nova City Sports Complex have been set aside. The Nova City developers first purchased the land and then went for its NOC approval. The good news about the Nova City NOC is expected to arrive shortly. Now we will talk about Nova City prices of these plot cuttings.
Nova City Pre-Launch Rates
The Nova City authorities circulated their pre-launch rates in the market. These Nova City prices are according to the current market trends and are highly affordable. The installment plan of Nova City will go easy on the pockets of the clients. The following is the Nova City payment plan:
The cost of a 5 Marla plot is PKR 1,995,000.
A 10 Marla plot is available for purchase for PKR 3,750,000.
The price of a Kanal of land is PKR 7,250,000.
A 2 Kanal piece of land can be purchased for PKR 14,200,000.
You can get a discount on Nova City prices if you buy your plot with Makeen Marketing.
Why Will Nova City Prices Rise?
We will now help you understand the factors that will affect the Nova City prices and cause them to rise.
Trust On Nova City Developer:
Since the 1970s, the Nova City developers have been involved in the Pakistani real estate market. Throughout the decades, they have initiated several projects. New City Wah Cantt is one of the most notable. In the industry, New City was able to deliver. Since then, the real estate market has put its confidence in these developers and their endeavors; We will see that Nova City plots will be soon sold out. And then they will be sold by the investors at high Nova City prices.
Facilities and Amenities:
The Nova City offers a variety of facilities and amenities. Starting with the most up-to-date and reliable security system available. Nothing is more important to an individual than the safety of his family’s life and possessions. So, security is promised by the owners of Nova City. Nova City has a sports center, a large mosque, and a bowling alley. Electricity, gas, and water are accessible 24/7. We won’t go into detail about Nova City School because it is a brand in itself. What other features would you like to see in a housing society? And will you not expect a housing society with all these facilities to have high prices? So don’t wait for Nova City prices to rise.
Ideal Location:
A good location is like a motivating factor for the clients to buy their plots in a housing society. The Islamabad map shows that Nova City has the locality of a real estate investor’s dream. This premium housing society is where the Rawalpindi Ring Road and CPEC routes intersect. The intersection of these routes produces a triangular land area. That is the exact Nova City location. Moreover, it is a few minutes drive from Airport. You can see the Islamabad International Airport from Nova city. The nova City is 25 minutes away from F-10 and 15 minutes from G-11. In coming times, you will see that the Nova City prices will rise because of its location.
High Demand for Plots:
The Nova City is under development, and still, the kind of response it is receiving is unmatchable. The real estate investors within Pakistan and overseas are ready to pool their money in Nova City. It is the basic Economic phenomenon that high demand causes the prices to creep up the wall. So, you will need to take the desired steps quickly or the Nova City prices for plots will rise.
Booking Process
After reviewing the payment plan and gaining an understanding of how the Nova City prices of plots and files will increase, you’ll want to know how to reserve these plots. Let’s break down the Nova City booking process for you:
You will need to fill out the Nova City booking form on our website, as it is the authorized dealer of Nova City.
Then you will pay a 10% down payment on the price of a plot you want to buy. On a Nova City 5 Marla plot, you will pay PKR 199,500.
After the down payment, you will have to make a confirmation payment, which is equivalent to the down payment. However, if you fail to pay confirmation charges within 45 days, your booking will be canceled. And, you will get a refund of 75% of your payment.
You will then choose the desired Nova City installment plan. And pay according to it to takepossession of your plot.
If you want to know how to make these payments and what documents are required, our other blog explains it all.
What Is the Guarantee That Nova City Prices Will Rise?
There is no guarantee of success or failure in real estate businesses. You will see the real estate market booming at a time and declining at other times. Instead, we can assure you that Nova City is free of all kinds of real estate scams. The Nova City dealers can only sell its plots. So, book your Nova City Islamabad plot for sale right away at the pre-launch Nova City prices with Makeen Marketing.
Every day, we learn how real estate scams have wiped out people’s savings. And why people filed a bankruptcy case against real estate agents. If you haven’t read the details under those headlines, we will brief you about them. Let’s take a look at 6 of the most popular real estate scams to be mindful of.
Never believe someone who has no prior real estate experience and has no positive or negative reviews. Hire an agent whose tracking will be easy. Before pooling an investment on a property, check if the agent belongs to a reliable real estate agency. How to know if a real estate agent is carrying out real estate scams with you?
• He’ll always be busy or out of town. He will never be able to meet with you. Meet with an agent before hiring him. Learn about him from the market people.
• He will make calls at odd times. It means he is operating from overseas. So, there are chances that your money will be going to scams’ pockets.
• If the real estate agent wants to know about your financial situation from the moment he meets you, he is a liar, meaning he is one of the real estate scams.
If you want to know some secrets of successful real estate agents, click here.
Online Real Estate Portals
Multiple online portals are operating these days. There are chances that they can be fake. If a real estate portal has a form for filling and demands extra information. Like, account number, credit card, debit card number, and ID card number. Don’t fill the form. No one should have access to your data. They are going to be one of those real estate investment scams.
Allotting The Same Land to Multiple People
Real estate agents or brokers may sometimes possess a forged ownership document for a plot. They show it to a large number of people. They pretended to own it and are now looking to sell it. It is thus sold to more than one person at a time in this manner. It often happens if you buy property without seeing it. And also with the people who purchase files of a plot. So, be conscious of these real estate scams. You can check the housing societies approved by CDA to limit the scams.
Overpricing and Underpricing a Property
If someone offers you to buy a plot or a bungalow at low rates, you should know what to do. Reject the offer instantly! No one sells their property at low prices than the market ones. Everybody loves money and wants to earn them. It’s either something wrong with the property. Or the person trying to sell it doesn’t own it.
People who want to sell properties at higher prices are likely to be committing real estate scams. They will tell you about all of the advantages of purchasing that land. Find out about the prices in the region and then purchase it. If you want to buy a plot in Nova City Islamabad, for example, you can contact approved dealers to see if the price asked from you is reasonable.
Fraud Buyers
Sellers and agents are not the only ones who commit real estate scams. We frequently hear about fake buyers who appear to be interested in purchasing a property. They obtain the original documents from the agent. And inform them that they will send cash immediately after receiving the documents via banks. They then abscond. To avoid such cases, ask your clients for copies of their CNIC so that you can trace them.
False Ads
The real estate scams will sometimes post ads with almost no information. Before you invest your money, double-check all of the contact information, email addresses, and images. If you still don’t understand, you can call the societies’ helplines to see if the agency is an authorized dealer.
To summarise, this article intended to make you aware of various real estate scams. Now that you know what they are and how you can avoid falling victim to them. Makeen Marketing is the place to go if you’re looking for an authorized dealer in Pakistan.
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