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The Rawalpindi Development Authority (RDA) is a municipal body. It is envisioned that high-quality development will take place in Rawalpindi City. The RDA was founded in May 1989, mostly on the Punjab City Development Act of 1976. It became operational in March 1992, which is significant. It has jurisdiction over a total area of roughly 311 square kilometers. It also covers Rawal Town and the 64 Revenue Estate in particular. Since then, the population of Rawalpindi and Islamabad has exploded. Therefore, the city is also growing vertically to the southwest. Consequently, the number of residential housing developments in Rawalpindi is growing. RDA plays an important role in increasing the development quality of infrastructure in the metropolitan city in this scenario. RDA has established its own set of regulations and principles for this aim. Thus, only those projects that strictly fulfill these requirements will be listed in the RDA Approved Housing Societies list. Read more about kingdom valley islamabad official website.
The NOC is the last sign of approval needed by a housing society to attract new clients. Even if it does not offer many conveniences, people will choose to own property in a project with a NOC. For the reasons stated, they are legal and safe. However, investing in real estate isn’t always profitable. You may lose money if your investment fails. As a result, losing money in a society where NOC has been given is preferable to losing money in a culture where your money is subject to fraud.
In this article, we will be discussing the legal status of two of the finest housing societies in Pakistan; Taj Residencia and Park View City.
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Taj Residencia NOC Approval
Obtaining a No Objection Certificate (NOC) is critical for all residential and commercial developments since it ensures legality and validity. It enables investors to take part. Taj Residencia has received approval from the Rawalpindi Development Authority (RDA). Taj Residencia is part of the Rawalpindi Development Authority (RDA), but it is only short of Islamabad. The main entry point of the project is the I-14 and I-15 connection road. The RDA has approved 10,000 Kanal of land for the Taj Residencia project. All construction within the premises of the housing society is legal. The housing society has the authority to design and build the residential project according to their master plan, which they have produced to satisfy the housing scheme’s consumers and investors.
Park View City NOC Approval
Following the approval of the NOC, development has begun in practically all blocks of society, with possession accessible in the A, B, C, and D blocks. Sector H is presently being constructed with the other blocks of society, and controls are just around the corner. Furthermore, the Park View City H Block is fast being created, and those who have finished a significant percentage of their payment plans will be given possession very soon. Park View City Islamabad is a full package that offers people the possibility of a better life, and because it is RDA approved, there is no need to be concerned about legal issues.
Conclusion
RDA takes several steps to guarantee that the standard is maintained. It carefully examines any housing proposal before authorizing it to see if it fits the criteria for normal development. Furthermore, all purchasers and investors should verify whether or not the housing project they are investing in has received a NOC from the RDA. It is recommended to invest in Taj Residencia and Park View City since they are risk-free projects. Investing in any project is simple, but it’s vital to remember that smart investment guidance and 24-hour real estate support can help you get the most out of your money. As a result, Sigma Properties provides consultancy to investors who want to get the most out of their money. So, contact us today and start investing.