Much like Capital Smart City, Lahore Smart City is the product of Habib Rafiq Pvt Ltd and is just as eagerly anticipated as its counterpart in Islamabad. In the past, it has dealt with rumors of illegitimacy due to the fact that there were delays in the issuance of a NOC document. Read on for crucial a Lahore Smart City NOC update.
About Lahore Smart City
As mentioned earlier, Lahore Smart City is a rapidly growing project that is sponsored by Habib Rafiq and being developed by a foremost Singaporean development company—Surbana Jurong. Similar to Capital Smart City in Islamabad, the firm has been hired to serve as a Master Planner for Lahore Smart City.
The housing project is to be situated on the Lahore Bypass in close proximity to Kala Shah Kaku. What makes this a prime location is that it links the housing society to the GT Road as well as the Lahore-Sialkot Motorway.
The current information we have on the facilities provided by Lahore Smart City is the follows:
- Smart security
- Smart transportation
- Smart resource management
- Smart connectivity
Just by the provision of these facilities, our experts at Makeen Marketing predict a surge in investment, especially after the Lahore Smart City NOC update.
According to the housing society’s masterplan, two districts have been launched as of August 2020: These are the Executive and the Overseas blocks. The Executive block has plot cuttings of 5-marla, 10-marla, and 20-marla. The Overseas block caters solely to investors who live abroad. The plot sizes available here are 5-marla, 10-marla, and 20-marla.
Overseas blocks usually drive in a lot of foreign investment which is not only good for the housing project but also the economy as a whole. Hence, a Lahore Smart City NOC update approval is will greatly increase the chances of overseas investments.
Lahore Smart City NOC Issued
As mentioned, there were rumors that Lahore Smart City may be an illegal housing society since it had never been granted a NOC.
However, recently, the land for this housing has been verified by the LDA. We have received an extremely important Lahore Smart City NOC update: the NOC was approved by LDA in Feb of 2021.
You may be wondering why acquiring a NOC approval is so vital for a housing society. It is quite simple—an NOC, or a No-Objection Certificate, enables housing societies to provide their residents with amenities. It is issued by government-appointed construction and development regulatory body to a plot of land. Therefore, a Lahore Smart City NOC update will help the project to gain access to basic utilities such as water, gas, and electricity.
Lahore Development Authority (LDA)
Lahore Development Authority (LDA) is the leading municipal organization in the city of Lahore. It works to transform Lahore into a world-class city by providing top-notch public services through economic and social programs as well as urban development, horticulture work, and preserving heritage sites.
The organization was established through the LDA Act of 1975. It was to operate via three wings: Urban Development, WASA, and TEPA. As the name suggests, the first wing work towards city planning and urban development. The Water and Sanitation Agency, WASA, is responsible for planning and distributing water supply, as well as sewerage and drainage facilities.
Lastly, The Traffic Engineering and Transport Planning Agency is in charge of developing and maintaining traffic and transport infrastructure throughout the city.
The Lahore Development Authority (LDA) is the development organization in charge of issuing NOCs which means the Lahore Smart City NOC update will soon follow.
There is little doubt that Lahore Smart City will become the next big thing in the Lahore real estate market. If you are interested in finding out more about this housing project, get in touch with our experts at Makeen Marketing.