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February 17, 2022
Lahore smart city NOC Approved or Not by Lda Guide 2022

Lahore smart city NOC Approved or Not by Lda Guide

Lahore Smart City NOC

The Lahore Smart City is an upcoming residential project jointly developed by Habib Rafique Private Limited and Future Development Holdings. The No Objection Certificate of this housing project has successfully got approval from the Lahore Development Authority (LDA). After Capital Smart City is the only smart city in Pakistan with technological innovations. Furthermore, this luxurious housing scheme is situated on the Lahore Bypass right near to Lahore Interchange. Moreover, it is easily accessible from the Grand Trunk Road adjacent to Sialkot-Lahore Motorway. Apart from that, the popular commercial zones in Lahore are only a few minutes away from a significant extent.

The entire housing project extends approximately 20,000 Kanal, divided into three central squares; General, Residential, and Overseas. Moreover, the sizes of the plot size range from 5 Marla, 7 Marla, 10 Marla, 12 Marla, and 1 Kanal. Furthermore, this housing project also offers its residents some world-class features and other services such as farmhouses, sports districts, optimal healthcare, and other renowned educational institutions. Along with that, the owners also provide an uninterrupted supply of electricity, and other essential utilities. Some of the other features of this housing project are its business and trading hub, alongside the fantastic transportation framework.

The Importance of NOC Approval

The NOC highlights the legality of any actual state project. The NOC approval of this housing project certifies the legitimacy of the entire project and enables the developers to extend their amenities to the residents. Since this housing project got the approval from LDA, so now it is legally and officially a registered housing project. The investment in Lahore Smart City can be deemed as worthwhile and safe for investment. Apart from that, the acquisition of NOC aids the project society in gaining further access to all essential utilities such as the supply of water, electricity, and natural gas.

Approval by LDA

The Lahore Development Authority gave a no-objection certificate to Lahore Smart City last year in February. It is getting a massive attention from real estate investors due to its ideal location, state-of-the-art facilities, and reasonable plot rates. Before that, some negative speculations regarding the legality of this project were also arising.

Now is the best moment for the owners to eradicate all such misconceptions, as they have already acquired a trustworthy reputation in the real estate industry of Lahore. However, the developers did not face any problem in getting the NOC approval from LDA. Moreover, the current approval is within the shortest time interval in the history of the Lahore Development Authority.

Hike in Demand

The notable real estate projects hold the approval of NOC by LDA. The Lahore Smart City seizes huge attention from real estate investors and financial experts. Therefore, the housing project is now experiencing a massive increase in demand for plots. Furthermore, the increasing hike has increased its rates, making it a hotspot of real estate investment.

Due to the NOC Approval of Lahore Smart City, the demand for residential properties is on the rise substantially. Along with that, the plot rates are also increasing due to a limited number of supplies. The properties are available at the booking for 5 Marla, 10 Marla, and 1 Kanal plots.

It is the only housing project that got its LDA approval within two months. Moreover, this housing project scheme is legal in every matter since the acquired land by the developers is lawful. Furthermore, the community plan, development, and all the other avenues of this housing project fulfill the real estate law needs of the current time.

After Approval Investment Prospect

Lahore Smart City is ranked among the most significant real estate ventures in Lahore, after Bahria Town and Defence. Moreover, the housing project is being developed per the international development standards that equally appeal to the residents and real estate investors across Pakistan. Since the owners have got the NOC authorization, so the ones who invested in Lahore Smart City plots at pre-launch prices may now experience better profits. The new investors can also invest in the previous files or wait for the news deals with more significant potential.

Conclusion

Lahore Smart City NOC approval comes under Lahore Development Authority, as it received support in February 2021. The NOC Approval is essential as it signifies the complete legality of this real estate venture. It also ensures that the residents would not have to face any legal formalities in the future. Property Saga suggests that the real estate investors must research Lahore Smart City and invest in it as it is an optimal investment opportunity in Lahore now. 

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