Park View City is a legal housing society in Islamabad that started with a mission of facilitating people with world-class amenities. The latest news about the society is that Park View City Islamabad NOC has been restored after tireless efforts by the management.
Legal status always has a crucial role in housing projects. It’s a fact that a residential project can reach the peak of success or the bottom of failure because of the NOC status. People in real estate always consider the no-objection certificate as the first concern before buying properties in society.
What is the importance of Park View City NOC Restoration Status?
A no-objection certificate has immense importance for real estate property. NOC is basically a legal verification document of property in Park View residential society. It also makes sure that the specified plot has no objection charge. The NOC for Park View City was approved by the Capital Development Authority (CDA) at the request of owners and developers.
The NOC of Park View City society encourages people to own their plots at a reasonable payment schedule with a facility of the installment plan. Therefore, NOC has a bigger role in the successful campaign of this residential project.
When was NOC issued for Park View City?
The CDA issued the legal status on 02-05-2022 for 1067.90 Kanal with 579 plots that increased the worth of this society among potential customers. There were several people who invested in this legally approved society. Park View City skyrocketed in real estate because of NOC approval status.
Park View City was the first housing project in Zone IV of Islamabad that got legal status quickly. The NOC status boosted the popularity of this society in twin cities. Moreover, overseas Pakistanis have also shown great love for this society that included the dedicated overseas block like Capital Smart City Overseas Prime II.
Why was Park View City NOC withdrawn?
NOC for Park View City Housing Scheme was withdrawn on 11-01-2021 by the lawful decision of Islamabad High Court. The honorable court canceled the legal status with a consideration that it was void and approved illegally. Moreover, the court asked the management of CDA to withdraw the legal status of this housing society in the capital city.
The problem of NOC started with the development of a road. The Park View City project started with the construction of a linked road on the land of the Capital Development Authority. The CDA took the case to the respective court because the authority considered it an illegal action by the management of Park View City.
Is Park View City NOC restored?
The Supreme Court ordered for restoration of the Park View City NOC on 20th October 2022. Moreover, the court also put off filing a case against the legal status of Parkview City. CJ Umar Ata Bandiall, in the presence of three SC members, heard the NOC case. This bench ordered the chairman of CDA to review the details about the concerned land and come up with a report.
Park View City Islamabad NOC is restored. That’s burning news for the customers who have bought their plots in society. The investors were worried about their investment after the suspension of Park View City NOC because of a conflict between the CDA and the management of society.
Park View City is the best residential project because of its legal status and premium location. There are different categories of plots available for interested buyers with high ROI because of Park View City Islamabad NOC. Moreover, it has become a smooth procedure to book your plot with the help of Makaan Solutions, that is providing the best and most reliable real estate services.
Park View City Islamabad NOC Restored | Legal Status
If you want to know about Park View City Islamabad NOC Restored | Legal Status Contact Makaan Solutions. Our Sales Executive Officer will provide you with all the latest information. Starting from consultation to choosing the property, and from booking to owning your dream property. For further details, please do not hesitate to contact us with the below-given information: