Earlier this year, CDA approved a NOC for Bahria Enclave, which resulted in a lot of people jumping for joy. Let’s talk about why that is and what it means for your real estate investment.
A no-objection certificate (NOC) is a document that allows a party to do something without another party objecting. This is helpful later down the road, especially if legal complications arise.
When it comes to Real Estate, a NOC can look like many things depending on who the concerned parties are. A landlord and tenant can have a NOC in which the tenant is allowed to make certain modifications to the house, like painting a wall, without the landlord having an objection. A development company may get a NOC to prove that they are allowed to construct on specific land. The NOC can also include clauses such as the type of infrastructure and the materials used.
This is the kind of NOC we mean when we talk about Bahria Enclave. Now that this NOC has been issued, any property ownership and work done in the area follows a certain standard this is also approved by CDA. This means that if you invest in a property in Bahria Enclave, like the Mall of Enclave, you can rest assured that your investment is not only protected by Khurram Property Zone but CDA as well.