Rawalpindi: The Rawalpindi Development Authority (RDA) has instructed the developers of private housing schemes to reserve 1% of the project area to set-up parks, graveyards and roads, a news source reported. This specific piece of land will also have to be transferred to the RDA.
Furthermore, the RDA has notified housing schemes that use the name of a federal or provincial department to share the NOC issued by the respective department as proof of their association. The developers of these so called corporative housing schemes have to share the needed documents within two weeks of this notice’s issuance.
According to a source within the RDA, only 54 of the existing 354 housings schemes in Rawalpindi have been cleared by the development authority. The applications for the issuance of an NOC of an additional 100 housing schemes are currently in progress. So far, the RDA has only cleared building plans for some of these housing schemes, while their project developers have reportedly initiated the development work and booking process.
As per the RDA Chairman Arif Abbasi, housing schemes cannot start project marketing and initiate the booking process for their property units before the RDA’s final NOC is issued. He also instructed the prospective property buyers to get these NOC numbers verified from the RDA.
To speed up the process for the issuance of NOCs, the RDA has instructed developers to clear their paperwork and submit the required documents to receive an approval within a one-month time period.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
