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CEO Saad Nazir's Message for Blue World City Investors

CEO Blue World City Message for Blue World City Investors

Recently, a number of controversial posts were disseminated on social media highlighting that Blue World City Islamabad was an illegal housing project to which CEO Blue World City Message has come as a surprise. This conspiracy had hurt the overall reputation of the housing society, and the CEO Blue World City Saad Nazir himself has released a message for Blue World City investors.

https://www.youtube.com/watch?v=4kf0ZiKL3rg&t=4s

This article includes the summary of CEO Blue World City Message for Blue World City investors

Judicial Judgement by Rawalpindi Session Court

Judicial Judgement by Rawalpindi Session Court
CEO Blue World City Message for Blue World City Investors

According to CEO Blue World City Message, Rawalpindi Development Authority (RDA) is actually entangled in a case of its jurisdiction over the NOC approval rights. According to the decision by the Rawalpindi Session Court, Blue World City had all the rights of development RDA had no powers to stop Blue World City from its construction and development. The court also pointed out that projects such as Blue World City are important for the real estate development of Pakistan.

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Role and Jurisdiction of RDA (Local Government Act 2019)

Role and Jurisdiction of RDA (Local Government Act 2019)
CEO Blue World City Message for Blue World City Investors

According to the Punjab local government act 2019, the powers to approve a development or real estate project has been shifted to local district council authority. This something that RDA has not taken well, and the recent upheavals against Blue World City are completely unjustified.

The ousting of RDA from its jurisdiction is something that has been done to provide fluency to the real estate development in Punjab. With this decision, projects such as Blue World City are going to be approved by the district government and not by institutions such as RDA who has a bad reputation when it comes to NOC approval because of various allegations.

Real Estate and Imran Khan’s Policies

 

A few months back, Blue World City Islamabad provided the Imran Khan’s government with an offer to develop 5000 Homes and 50,000 apartments under the Naya Pakistan Housing Project. This is a strong policy by the PTI government that has led to the increase in real estate investment in Pakistan.

In addition to this, CEO Blue World City Saad Nazir also announced PKR 2 Crore for the Corona Relief fund in pursuit of helping the Corona patients in Pakistan. Therefore, Blue World City is also known as one of the most favorite real estate investment schemes in Islamabad. The recent reforms by Imran Khan’s government have led to the rise in real estate construction and development, and Blue World City location is one of the best investment destinations, as it located near to the new Rawalpindi Ring Road, has been approved by CM Usman Buzdar.

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