Lahore Smart City is set to be the second smart city in Pakistan. It was developed by the owners of Capital smart city Islamabad which emerged as one of the best housing societies of Pakistan. Before we talk about it being approved, it is essential that you know some facts about the Lahore Smart City.
Know the NOC status of Silver City.
Lahore smart city is located near the Lahore-Sialkot motorway, making it easier for its residents to travel to Pakistan’s major cities. Moreover, the Lahore Smart city is near the Lahore Bypass and the Allama Iqbal international airport. Lahore Ring Road is easily accessible from this housing society, allowing its residents to stay connected with the rest of the city.
The city is divided into districts that make management more accessible and more efficient. Each district is responsible for providing facilities to its residents. The master plan is exceptionally well planned, providing all the relevant facilities. There is an education and health district along with an education city. The schools in Lahore smart city ensure high-quality learning provided by qualified teachers.
Moreover, the hospitals are modernly built, equipped with the latest technology and machinery. Many Pakistanis living abroad are interested in investing and buying homes in Pakistan; however, they must go through extreme difficulties to buy a house most of the time. To overcome their problems, Lahore smart city has an entire block dedicated to overseas Pakistanis.
Owners and Developers
Lahore smart city is a project of two well-known real estate companies, Habib Rafiq PVT and Future Development holdings. Habib Rafiq PVT has been working in the real estate world for many years and is responsible for constructing projects like Bahria town Islamabad and DHA. They have also made their housing societies in many cities of Pakistan, including Multan and Sahiwal. They have a good reputation and are considered masters at their job. Future development Holding is one of the biggest real estate companies in Pakistan. They believe in making their cities environment-friendly and smart to provide the ultimate living standard to their clients. These companies have made their names stand out among other companies due to their excellent work.
Surbana Jurong is a Singapore-based company responsible for drawing up the master plan for Lahore Smart City. The master plan focuses on making the city a modern living society while also enhancing the area’s natural features. Surbana Jurong is the largest infrastructure development company in Asia and is well-known and respected worldwide. The planning of a city is its most important feature without which a city will fail. Therefore, the owners of Lahore smart city made sure they hired no one but the best to design their city.
NOC approval of Lahore Smart city
Lahore smart city has been granted a NOC, a no-objection certificate, by the Lahore development authority. The NOC was received in February 2021, and the Lahore Development Authority has added Lahore smart city to its list of legal housing societies. The housing society thus stands as a legal project and a safe place for investments. Ever since the status of the housing society has been lifted to that of a legal project, the prices of properties have surged. Investors now feel more confident investing in Lahore smart city, and the demand for plots has continuously risen.
Importance of a NOC
NOC stands for a no-objection certificate and holds extreme value. If a housing project fails to get a NOC, it stands as an illegal project, and many people will lose their investments and face legal trouble. The project developers send the relevant documents to the authorities who check the project to see if it is made according to the law. Facilities like water, gas, and electricity are also only available in a project once it has received a NOC. Therefore, it is essential for an investor to check if the housing society has been approved or not. Also know the NOC status of Capital Smart City.
Lahore smart city promises a high standard living environment with modern infrastructure and world-class facilities. Lahore smart city has emerged as an ideal place to live and has attracted many investors, especially after receiving a NOC.