Does University Town have all NOC's?
Tuesday, 30 September 2008
They have already received an NOC from the RDA. University Town is just outside the limits set by the CAA (15km) and therefore should not have a problem with obtaining an NOC from the CAA if needed. It is on the other side of the Lahore-Peshawar Motorway directly opposite the Supreme Court scheme. The ban is primarily for the likes of Tops City and Mumtaz city and the numerous others that popped up and didn't obtain any clearances from the relevant authorities although the latest information indicates the Mumtaz City does have an NOC from the CAA.

University Town duly received the NOC from the RDA and have been carrying out development work at the site since then. I still think it is one of the best low cost investments in the area.

They recently signed a contract with Star Marketing to market the remaining plots at current market prices and they have received a great response since it is a very low price for regular plots in the area. I have many
investors in the USA, Canada, UK and Europe who have purchased in University Town and I still recommend this scheme for it's price, location, potential and for the honesty of the management running the society.

You can see the location and site plans for University Town in the Islamabad Maps section.

University Town has received an NOC from the RDA as it currently comes under the Rawalpindi Development Authority. The CDA limits are up until the 17th sectors (D17, E17, F17 etc). As the new airport is being built and Islamabad expands, the CDA will extend it's limits to include the schemes and constructions up unti sector 21 I believe (or maybe 20). All schemes that already exist and have obtained the necessary permissions will then fall under the remit of the CDA. The CDA will NOT bulldoze everything that already exists here...they haven't been able to anything about the sectors that they ALREADY own such as D12 and E12 so please don't worry about it. They have not issued any notices against University Town if they were against the scheme and the RDA has to notify the CDA of any scheme that is approved in it's future limits.

Any H sectors currently under the CDA are for educational institutions and the last one is Beaconhouse University in H17 which is currently under construction. University Town is directly after this.
I still recommend it!

Follow up to comment regarding University Town -

Owning more land than you are selling is not a bad thing. You will note that the RDA has not taken any action against University Town which they would have done if something illegal was taking place.

Star Marketing were authorised to sell 700 plots which they have accomplished. The additional land that UT own is a good thing as it means that they have MORE plots available than they are selling which is not the case with some other societies who try to sell more plots than they have land.

You should be aware that when a Housing Society submits a plan for approval from the necessary authoriities (RDA or CDA) they do so with the current ownership documents of the land they own and a certain amount of the land is mortgaged by the authorities as security.

Almost EVERY good housing society and scheme continues to purchase more land and continues to purchase as much adjacent land as they can so that they can launch a PHASE 2 or 3 or XXX after the initial Phase has sold out. It just makes good business sense to buy land because it doesn't go down in price.

If the owners of a society want to defraud people then they don't spend all that money buying more land than they need, they just do what a few others have done...book as many plots as they can and then take the money and run - or use the money to buy the land in their uncles/aunts/nephews/brothers name. D17 is another one who own more land than they have requested approval for and I think so do E16/17. Its the others you should worry about who have less land than they are selling...I believe that this problem occurred with some very well named schemes...Supreme something.....? Can't remember ... ;)

The rest...is up to you guys. :) but remember, it's better to buy and then wait rather than wait to buy...land hardly ever gets cheaper.
» 1 Comment
1Comment
at Friday, 21 November 2008 21:27by Karim
Development in University Town is taking quite a long time. i want to build a house after a two years but am thinking ifr this scheme will be developed in that time. I went to visit last time and they are doing good job but its a very big project.
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Last Updated ( Monday, 01 December 2008 )