Introduction

1947 Housing Society an upcoming real estate project in Islamabad that aims to fulfil residential needs of the investors. Moreover, the developers of this project are working hard to provide the best lifestyle and residential facilities to the people of Islamabad. Furthermore, the master plan of this housing project has some of the world class facilities. The best thing that the developers of this project have done is that they designed affordable payment plans. The payment plan of this project encourages investors from every type of economic backgrounds. This housing project is ranked among the top ten housing societies in Pakistan 2022.

The owners of this project are Sigal Developers are working on this excellent housing project. Moreover, they have urban town planning standards to provide high-quality living standards to all their future residents. The developers are famous for their previous excellent projects for their investors. Some of their best projects are the MS Tower Lahore, Muree Oaks, Sigal Villas and Row Apartments. All these projects prove that the developers believe in delivering high-quality infrastructure to the residents. At last, one can say that the investors have trust and confidence on the developers.

1947 Housing Society NOC Approval

The no-objection certificate is an official file that highlights the legality of a housing project or any other commercial project. Moreover, the developers of this project are looking to legalize the housing project. As per the sources, they will receive their No Objection Certificate from the Rawalpindi Development Authority (RDA) within few months. As we all know, legal housing project have timely completion. Lastly, the NOC approved housing societies have the trust and confidence of the investors and the future residents.

NOC Approval Update

The developers of this housing project are talking to the relevant authorities for the NOC approval, which they would get very soon. However, it is not an illegal housing project. The developers of this project have requested Rawalpindi Development Authority (RDA) for the NOC approval from the regulatory authority. Even before the NOC approval, the response of investors towards the housing project is extremely outstanding  and overwhelming.

Moreover, the only reason behind such good response is the trust that the investors have in the developers of this project. Furthermore, officially, the whole NOC approval process needs time as it involves several other approvals. The approvals involve consist supply of gas, electricity, water, and transfer of land to the buyer. Hence, one can understand that the NOC approval requires time as the developers have to get approval from all the relevant departments. Overall, the entire procedure might take more than a year.

NOC Approval Importance

NOC is a common term that a lot of real estate experts utilize for the No-Objection-Certificate for the real estate venutures. The no objection certificate is important for the developers and owners of real estate projects. The developers provide all the important documents to the regulatory authorities. As a result, after different verification and modifications, the management gives planning permission to the owners of housing project. Moreover, the housing project becomes illegal, if it does not have a proper approval from the relevant authorities.

Afterwards, the relevant authority includes it in the official list of legal real estate ventures in their domain. If any housing project fails to receive approval from authority and starts construction, then the owners of that project might face criminal cases. So, the regulatory body includes that project in the list illegal housing project, after which the residents may have to face some financial difficulties. Moreover, the relevant authorities also order utility providers to stop giving their services to the illegal housing projects. Therefore, one cannot ignore that importance of NOC approval.

NOC approval effect on rates of property

The rates of property in 1947 housing society are expected to increase substantially as soon as it receives the NOC certificate. This clearly shows the importance of NOC certifications, as they highlight that the project is now legal. So, the investors and residents would not face any legal problem after they buy a plot. The NOC approval indicates that rates of plots are going to increase swiftly.

Conclusion

The developers have suggested that 1947 Housing Society would get the NOC approval from Rawalpindi Development Authority very soon. Therefore, this housing project is the best investment opportunity currently. Investors need research carefully about this housing project and the importance of NOC before investing in any housing project. Moreover, an individual must always take a wise investment decision without any pressure. They must be careful of fraudulent activities and transactions in the name of real estate investment. Moreover, Estate Land Marketing acquires a team of highly trained real estate and marketing experts, who guide the entire process of buying a property in 1947 Housing Society.