Blue World City NOC update December 2021

1. Blue World City NOC update December 2021 Developed as a result of a partnership between Blue Group of Companies (BGC) and Shan Jian Municipal Engineering Company, Blue World City Islamabad is always making rounds on the real estate spectrum of twin cities, mainly due to the Blue World NOC status. First approved, then canceled, and now approved again, all these turns of events cause ambiguity among the investors or potential investors of the project. Here is the latest status of Blue World City NOC and the reality behind the rumors that this project is illegal and not safe for investment. Blue World City NOC Updates A No Objection Certificate is commonly abbreviated as NOC. It is a written statement granting permission to a person or corporation to proceed with the construction or purchase of the real estate. NOC is a vital document to avoid future legal difficulties and hassles in the property in question. A project's validity is confirmed by a NOC. As a result, it is a declaration that no legal issues will occur if the sale and transaction go through. Without NOC, a project is illegal and authorities can shut it down or ban it at any time. When Blue World City Islamabad was launched, meeting its legal obligation, it applied for its No Objection Certificate (NOC). On 07-08-2018, the Rawalpindi District Council granted Blue World City a no-objection certificate. The DC had accepted all of the paperwork, and granted Blue World City required documents. The Blue World NOC was approved for 427 Kanals vide letter no 532 / 10/ DC dated 07-08-2018 but at that time, new legislation passed which made it mandatory to get approval from the RDA as well. But despite getting NOC from the district council, RDA didn’t process the NOC of the society that initiated the rumors that it is an illegal project. The District Council appealed against this ordinance in the high court and in December 2021 finally won the appeal. As a result of this, now the District Council has complete autonomy to grant NOC once again. Now, Blue World City's No Objection Certificate was approved by the District Council on December 13, 2021. The Government and high court have finally resolved the decision of jurisdiction between the RDA and the district council. The Local Bodies Ordinance 2021, approved by Governor Punjab on December 11, 2021, stipulates unequivocally that the NOCS of all residential societies must be given by the Rawalpindi District Council. So, Blue World City Islamabad received NOC from the district council via letter no 532 / 10/ DC dated 07-08-2018. Now that society has its NOC, it is expected that prices are going to skyrocket instantly. In fact, the developers and administrators are in process of reviewing the prices and it is expected that very soon the plots will be available at newly revised prices. So, if you are looking forward to investing money in this project, now is the right time. Investing now, you can reap the returns

2. in the short term as well. Moreover, the developments are also moving forward speedily. Once these are also near completion, the worth of Blue World City will increase even further. Final Words Blue World City NOC is approved and it is a completely legal and safe project to invest in.