In the last few years, numerous housing projects are launched by many well-known real estate and developer companies in Pakistan. Nova City housing project Fateh Jang has been launched by a very well-established and deliverer of state-of-the-art projects Nova City Developers.  

GUIDE ABOUT NOVA CITY HOUSING PROJECT FATEH JANG

nova city housing project fateh jang

Nova city is the latest contemporary housing project that is the stunner of the real estate market that will be equipped with all world-class luxuries. The difference between this and other projects is very loud and clear as it will provide a better opportunity for investment and residential purposes. As far, we’ll be discussing all the important notes about the Nova City housing project that will lead you to the final decision of investment.

This housing society is one of the spectacular real estate eye-catching investment opportunities that have a huge return on investment aptitude. The developer of Nova City tends towards the aim of delivering a promising future to its investors or residents by offering star-stud infrastructural works, convenience to its locality, quality neighborhood, world-class amenities, a dream come true lifestyle, and a prolonged generation of resources in terms of finance.

DEVELOPER OF NOVA CITY:

Who is the developer of this housing society? This question comes to the mind of every person who is going to invest in any real estate project.

The owner and developer of Nova City housing project Fateh Jang, is NOVA CITY DEVELOPER at the location of Fateh Jang. This project is opening the doors of investments for citizens all across Pakistan and also for foreigners.

In past, they have delivered the educational institute Nova City School that is remarkable by its excellent infrastructure.

It is also gaining a lot of attention from the investors because of its extravagance yet affordable, and the best location on the map. With all of these mottos, Nova city is entering a major high-demand market with all these commitments by the developer.

The vision of Nova City Developer is to bring in an affordable solution of living with a high standard of comfort in luxury in the same package.

NOC STATUS OF NOVA CITY:

NOC is the basic and very important concern of any housing society project. It brings a feeling of secure and safe investment in any real estate project. For now, The Nova City Developer has received the Planning permission from the local authority of Fateh Jang TMA (Tehsil Municipal Authority).

And the concluding no-objection certificate (NOC) for Nova City is under process by the concerned authority CDA. As they have got the planning permission so it shows that soon they’ll get the noc approval.

After the approval of noc, the developer will officially announce the Nova City housing project.

Further details about the NOC will be shared here.

PAYMENT PLAN OF NOVA CITY:

The payment plan of NOVA CITY housing society Islamabad has been shared by its developer. It has become the moon of the sky as everyone wants to invest in this mega functions housing project. Let’s have a look into the payment plan,

At the pre-launch phase, the following sizes of plots were presented to make a profitable investment. Nova City housing project at Fateh Jang has 5 Marla and 10 Marla plots available along with 1 Kanal and 2 Kanal plot sizes of residential developments.

The pre-launch rates are mentioned below:

Plot sizeTotal PaymentDown Payment (20%)40Monthly InstallmentSemi Annual InstallmentPossession Amount
5 Marla1,995,000399,00019,50045,000456,000
10 Marla3,750,000750,00036,00099,000786,000
1 Kanal7,250,0001,450,00068,000185,0001,600,000
2 Kanal14,200,0002,840,0001,30,000350,0003,360,000

The investor has the option of full cash payment and also the installment plan to get the plot. The installment plan takes 4 year time period to be complete.

First, the 20% down payment according to the plot size will be paid against the total payment, after that the monthly installment as per the plot size will be due to be paid by the investor. And at the last stage, the possession payment shall be paid to the concerned authority to get the ownership of the property.

But after revising the payment plan of Nova City housing project, the price rate of residential plots in the recent payment plan has changed. Now, the new sizes of plots such as 8 Marla and 14 Marla are launched for a wide purchase of the property and 2 Kanal plots are removed. All the residential plots are under the booking process as mentioned above.

Let Us Have A Look Into The Revised Price plan of Nova City:

Plot SizeTotal AmountDown Payment40 Monthly InstallmentSemi Annual InstallmentPossession Amount
5 Marla2,750,0005960,00018,95079,000770,000
8 Marla4,040,000810,00020,870158,0001,131,200
10 Marla5,000,0001,000,00025,000200,0001,400,000
14 Marla6,750,0001,425,00030,875275,0001,890,000
1 Kanal9,600,0001,960,00043,800400,0002,688,000

Now, the prices are increased according to the revised payment plan of Nova City. This is yet a beneficial investment opportunity for spending your money on a high return-on-investment project.

FAQs About Nova City Housing Project

Q1: Who is the developer of Nova City?

Ans: The developer of this ideal project is Nova City Developers that has a striking history of development.

Q2: Is Nova city approved?

Ans:  Currently, the Planning Permission has been received by the local government of Fateh Jang TMA (Tehsil Municipal Authority) and the NOC process has been requested by the company. Soon the NOC will be approved by CDA.

Q3: Is Nova city approved by CDA?

Ans: Nova City is soon going to get approved by the CDA as the planning permission has been granted by the local authority of Fateh Jang TMA.

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