Investors, are you looking for an investment opportunity in Pakistan? Kingdom Valley Islamabad is officially approved by the NOC and has all the necessary permits to operate. Whether you want to invest or develop the property, this is a great opportunity! We have several models that will suit your needs whether you’re looking for commercial space or residential properties. We also offer customized options if our pre-existing ones don’t fit what you’re looking for.
What is NOC:
No Objection Certificate (NOC) is a legal document, issued by an organization, institute. An individual to say that they have no objection to the mentioned details in the document. It can be used for employment, trade, litigation, immigration, and many other purposes to nullify any objection by the party concern in the process.
Common reasons to need a NOC:
Some of the most common reasons to need a NOC are:
Employment: When you move to a new job, your new employer might ask for a NOC from your previous employer stating that you have no objection to leaving your current position. This is to ensure that there are no legal issues with you quitting your job.
Litigation: In the case of a divorce, or separation, both parties might ask for a NOC from each other. This is because by law if two people are living separately. They cannot sue each other for any financial issues that occur between them during their separation. However, withholding such a NOC could be used as evidence against the party refusing to give it.
Trade: When you want to start a new business or expand an existing one, you might need to get a NOC from your current business partners. This is to ensure that there are no legal issues with you starting a competing business.
Immigration: In order to get a visa for a foreign country, you might need to provide a NOC from your current employer stating that you have no objection to leaving your job. Without this document, the visa application might reject.
Why NOC is essential for a housing scheme :
The NOC approval is essential for a housing scheme because it guarantees that the project is safe to invest in, and does not have any legal complications. This type of system makes it easier for investors to choose a better investment with less risk. The ongoing housing schemes in the country are facing problems because most of them did not obtain a NOC from their respective agencies before commencing construction work. This has caused several legal issues for the investors and the schemes themselves.
NOC of kingdom valley:
Kingdom Valley, the new Islamabad housing scheme is launch on the 1st of January 2018. This is one of the promising schemes for investors in Pakistan because of its legal status and funds being provided by the newly launched non-banking financial institution Naya Pakistan Housing. The company has already received a NOC under DRG/PHATA/2176-2021 from the Pakistan Housing and Town Planning Management. The project is overseen by Ghulam Hussain, who is a renow and well-respected builder in the country. This scheme did not face any legal issues when it attained the NOC because of Mr. Hussain’s good reputation.
NOC of kingdom valley approved:
According to the latest reports, the NOC of the housing society known as Kingdom Valley Islamabad has been approve. This is great news for all those who have been waiting for this project to get off the ground. The Prime Minister Scheme “Naya Pakistan Housing Program” is responsible for this project, and it is hoped that it will bring much-need relief to the housing crisis that is currently gripping the country.
If you’re looking for a property in Islamabad, then look no further. Kingdom Valley offers the best deals and property opportunities around with its wide range of properties to choose from. In addition to this, they have an easy payment plan that can be customized according to your needs as well as their flexible policies on resale so if there’s ever been any changes in circumstances or plans for the future it will not affect your house purchase. So what are you waiting for? Contact kingdom valley today!