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Introduction
The Legal status of Blue World City Islamabad is something that a lot of real estate investors are looking into. As the entire housing project comprises of some elite class facilities, so checking its legality is necessary. The developers behind this housing project are trying hard to provide a better atmosphere to the residents. It has an ideal living space, with huge infrastructure in a single gated society. Each and every sector would be legal with an official approval from Capital development authority. There are several other dimension of this property, which makes it a reasonable destination of investment. The real estate investors of twin cities have a golden opportunity to make a fortune here.
Location and Map
Location of Blue World City is the factor, which mesmerizes majority of the investors. The official site of this project has some perfect access point from different parts of the twin cities. Affordable housing is amalgamated with reasonable property rates. The entire project is locatable at the junction of Chakri Interchange right near to M2 Islamabad-Lahore Motorway, adjacent to GT Road, and under construction Rawalpindi Ring Road. Even there are some other housing projects at the same route with huge investment possibility.
Blue World City NOC Status
In order to speed up the construction, it is important for the developers to attain a legal No objection certificate. Such document not speeds up the construction but also attains more confidence of the investors. After the housing project get its legal status, then it is also good for security purposes. After the NOC approval, all the other sector would get a chunk of investment. As the owners have a huge reputation ins real estate industry, so they would get the NOC status very soon. The developers would announce it through their official site about their legal status. The owners are negotiating with the government bodies for its legal approval, which is estimated to be granted soon.
Blue World city legal or not
A lot of news media outlets reported that Rawalpindi Development Authority has refused to grant Blue World City Islamabad a legal NOC. The only reason behind such move is that some of its sectors were illegal, yet they were under construction. The owners started off construction after they got official approval for 427 Kanal of Land. Such approval denotes the legality of this housing project, and it was due to its increasing demand that it was expanding more. The other sectors of this housing project spread over 10000 Kanal of land area, which includes block such as Overseas, or Waterfront.
It is a regulation in the real estate law of Pakistan that even for the new sectors, the owners must take legal approval. The entire procedure take a lot of months though which results in slow construction. Even for those new sectors, owners must try to attain a new valid NOC, otherwise it would be illegal. As of now, Rawalpindi development authority is inspecting the legality of those sectors. So, the owners are about to apply for a separate Blue World city NOC for new sectors very soon. For now, the new sectors are partially illegal, as their application is under review. However, those particular new sectors would also get the legal approval soon after the final review by the RDA. Blue World City Legal aspect is something that gained the attraction by real estate analysts.
Conclusion
In recent times, the legality of Blue World City Islamabad is one of the important talk among the real estate experts. There are several reasons for the investors to invest here, apart from its legal status. As some of its sectors have successfully got the approval from relevant authorities, so it is partially safe for investment. Some of the other factors that make it an adorable choice for investment is its ideal space and elite facilities along with its legality. The owners would announce its legal status very soon, after the negotiation with RDA are successful. If you want updates about its NOC status on regular basis, you must visit Estate Land Marketing. Our marketing agents have a decades old understanding in the real estate financing and promotion. So, they would give you actual updates on daily basis.
