Adding to the beauty of Pakistan’s capital city, Park View City in Islamabad, is a modern development by Vision Group. But before you can invest here, it is important to know whether Park View City’s NOC (No Objection Certificate) status is approved or not.
Park View City NOC Status- Reinstated By The Supreme Court
Great news for potential buyers and investors! Park View City Islamabad has received official approval from the Capital Development Authority (CDA), as indicated by the approval letter with the significant designation No. CDA/PLW/Zone-4(94)/12/Vol-I/168.
On March 4, 2023, RUDA experts informed the court that they had meticulously gathered the necessary records of Park View City’s acquisition and development, conducting a thorough analysis. Although it took some time, Vision Group successfully obtained the NOC after the Supreme Court of Pakistan reissued the Layout Plan (LOP) and NOC for the development.
Spanning an impressive 7000 Kanal of Islamabad’s prime real estate, this grand venture has secured approval for 1067.90 Kanal from the development authority.
Why Is NOC Important For Park View City?
The NOC (No Objection Certificate) is crucial for Park View City because it serves as official approval from the authorities, specifically the Capital Development Authority (CDA), for them to carry out their construction and development projects. The project meets the necessary standards, regulations, and legal requirements. With the NOC, Vision Group can start or continue with the construction of this promising community in Islamabad. Additionally, a lack of approval makes the construction activities unauthorized and subject to legal consequences.
Why Was The Park View City NOC Withdrawn?
Park View City’s permission to build was withdrawn because Vision Group built a road on CDA’s land without proper approval. The CDA took the matter to court, and on January 1, 2021, the Supreme Court canceled Park View City’s approval, saying it was not legally obtained. Judge Shahid Karim passed on the case to RUDA (Ravi Urban Development Authority), giving them the power for approval after a complete investigation.
Park View City Islamabad Location
Located in Zone-IV, this residential community has a 400 ft wide Main Boulevard that connects it to Jinnah Avenue from Malot Road. Only an 8 km drive from Chak Shahzad Road, Park View City sits next to the alluring Bani Gala while offering convenience and easy accessibility. Offering many modern facilities for an upgraded lifestyle, this development is all about modernity, serenity, and luxury, making it an ideal investment choice.
The Power of NOC: Why Invest In Park View City?
Investing in an NOC-approved housing project like Park View City opens doors to many benefits, paving the way for a secure and sustainable investment.
1. Secured investment for a safe future
NOC approval signals a green light for long-term investments. Investors seeking legitimacy in their ventures will find solace in Park View City’s approved status. Trust, a cornerstone of any development, becomes a beacon for future residents.
2. Better prices
When considering investments in residential or commercial properties, affordability is a key factor. The competitive prices offered in this location make it an excellent investment option, particularly for individuals with limited budgets who aim for a secure future.
3. High returns on investment
Legitimate housing projects attract high investment rates, and Park View City is no exception. Its prime location, coupled with international living standards, promises substantial returns. Affordable rates further sweeten the deal, making it an enticing prospect for local and overseas investors.
What Would Have Been If Park View City Had Not Received Its NOC Approval?
If Park View City had not obtained the NOC (No Objection Certificate) approval, it would likely face significant consequences. Without the NOC, the development would be considered unauthorized and violate regulatory requirements. The authorities could take various actions, such as stopping construction, imposing fines, or even ordering the demolition of structures.
Additionally, potential buyers and investors may lose confidence in the project, leading to a decline in property value and interest. The absence of NOC could also result in legal battles and complications for the developers, affecting their reputation in the real estate industry. But, of course, all has ended on a good note for Vision Group.
Conclusion
Park View City takes its inspiration from Dubai Downtown. The developers have allocated a huge area for the dancing fountain, just like in Dubai. However, due to the withdrawal of the NOC approval, the construction has been put on hold.
Park View City’s NOC status is more than just approval—it’s the key to smart investments. With secure and sustainable options, high returns, growing rates, and rapid development, it is the ideal choice for investors looking for a secure future. Now is the perfect time to join and be part of the visionary community living in Park View City.
FAQs
- Who is the owner of Park View City Islamabad?
Aleem Khan, an e-PTI member and now president of Istehkam-e-Pakistan Party owns Vision Group, the developers of Park View City.
2. What does Park View City Islamabad offer regarding community amenities and facilities?
Discover various amenities and facilities within Park View City Islamabad, such as vibrant green parks, esteemed educational institutions, healthcare services, commercial zones, mosques, sports amenities, and round-the-clock security.
3. How can I explore payment options for buying property in Park View City Islamabad?
Park View City Islamabad payment plan caters to various budget needs. These options consist of installment plans, down payment structures, and personalized payment schedules, allowing you to select the one that aligns best with your financial capabilities and investment objectives.
4. Is Park View City a legal society?
Park View City Islamabad is completely legal. It has obtained the necessary approvals, including the NOC and planning permission from CDA. As one of the premier CDA-approved housing schemes in Islamabad, Park View City has ensured full compliance with all legal requirements.
5. How can I book a plot in Park View City?
For those interested in purchasing a commercial or residential plot in this emerging community at the center of Islamabad, please check the official website or contact the official number for more information.
6. Would I face any legal problems in the future?
Since Park View City has gained all the necessary approvals and certifications from LDA and CDA, you won’t face any problems in the future after investing with us.
