The Misconceptions Surrounding Lahore Smart City NOC

Over the past few years, Punjab’s capital has seen a surge in the demand for housing societies in all districts of the city. The people of Lahore need a housing society that will provide a safe haven and a modern way of living, whilst also simultaneously being pocket friendly for people. One such project that is destined to achieve all of that is an upcoming collaboration between Future Development Holding Pvt. Limited (FDHL) and Habib Rafiq Private Limited (HRL). After the stupendous success of the Capital Smart City project, the two real estate tycoons are coming together again to build Pakistan’s second ever smart city. However, as is the case with many real estate megaprojects, controversy always rears in its ugly head which raises eyebrows and gives birth to a plethora of questions regarding the legality and the overall potential of the project. Does Lahore Smart City have a NOC? Has it been approved by the Lahore Development Authority (LDA)? Is Lahore Smart City NOC approved society?

Lahore Smart City NOC approved by LDA

What is an NOC (no Objection Certificate)?

An NOC (No Objection Certificate) is a legal document issued by governmental authorities that details the SOP’s (Standard Operating Procedures) by which a project must abide by in order to ensure there is no illegal activity being carried out. This certification ensures that any real estate project that enters a developmental phase focuses on the rules and regulations assigned by district authorities like the Lahore Development Authority (LDA).

Why is the Lahore Smart City NOC Important?

A legally binding document dictating the rules and regulations of a housing society is an extremely important factor in the sustainability of a project. The NOC provides the investor with a protective dome so they can evade any sort of scams being masked by illegal developers of a real estate project. If rules and regulations aren’t followed, then governmental departments like the LDA has the right to blacklist the project. This has a surplus of drawbacks for the investors as well since their investment returns are delayed or is usually deemed as null. Before making any real estate investment, it is extremely important for people to research on where they are investing their money. Not putting time and energy into enquiring about the project often leads to people incurring heavy losses from their investments.

Is Lahore Smart City A Legal Housing Society?

The legal status of any housing society is one of the most important factors that goads people into making property investments. After much speculation and delays, we are pleased to announce that Lahore Smart City NOC has been approved from the LDA (Lahore Development Authority) on February 12th, 2020. Although it was expected, the process of attaining the NOC takes a lot of time since the LDA has to monitor and continually research on the prospects of the project, the ambition of the developers to deliver the right product and their resourcefulness with respects to electricity and gas supply. Once the Lahore Development Authority was content in the longevity of the project, there was no hesitation from any governmental authority with respects to issuing the NOC.

Researching on the future prospects whilst also simultaneously monitoring the legal status of a housing society is a hard task for the average human being. One way to do that is employing the services of a real estate agency. HomeKey Enterprises is the oldest and the most trusted sales and marketing partner of Lahore Smart City. The sales executives are extremely transparent and are fully equipped with the latest knowledge of the developmental status and the payment plans of the housing society.

For any queries in regards to Lahore Smart City, contact us via email at [email protected].