SBCA restores provisional NOC for Bahria Town Karachi Project

News Image

By MG News | October 23, 2024 at 11:26 AM GMT+05:00

0:00

October 23, 2024 (MLN): The Sindh Building Control Authority (SBCA) has restored the Provisional No Objection Certificate (NOC) for the sale and advertisement of Bahria Town Karachi's massive 16,896-acre development in Deh Bolari, Deh Langheji, Deh Konkar, Deh Kharkharo, and Deh Kathore, District Malir, Karachi, according to the letter issued by SBCA on Tuesday. 

This restoration, issued in continuation of the previous NOC dated September 19, 2022, has been made with the approval of the SBCA's Director General, following legal counsel from SBCA's Legal Section.

The project has been given the green light based on a layout plan approved by the Malir Development Authority (MDA) on June 13, 2022.

However, the NOC remains contingent on several critical conditions. One of the primary conditions is the settlement of Rs1.44 billion in balance scrutiny fees, payable in two equal instalments.

Bahria Town Karachi must also submit a valid developer license within one month.

Additionally, the SBCA has made it clear that in the event of any litigation or disputes regarding the land ownership or status, the NOC will be deemed withdrawn or cancelled.

Furthermore, the developer is required to obtain a completion certificate in compliance with the Karachi Building & Town Planning Regulations of 2002 (as amended).

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 120,023.24
136.80M
0.02%
20.65
ALLSHR 74,956.95
415.25M
0.09%
64.82
KSE30 36,533.23
44.37M
0.25%
91.50
KMI30 177,648.07
53.46M
0.48%
854.02
KMIALLSHR 51,412.96
224.87M
0.22%
113.15
BKTi 30,161.85
6.28M
0.10%
29.54
OGTi 27,008.50
5.66M
0.59%
157.59
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 103,730.00 106,725.00
102,425.00
-235.00
-0.23%
BRENT CRUDE 77.32 77.67
75.51
-1.53
-1.94%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-3.70
-4.03%
ROTTERDAM COAL MONTHLY 103.85 0.00
0.00
0.35
0.34%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 74.04 75.74
72.32
0.54
0.73%
SUGAR #11 WORLD 16.53 16.73
16.44
0.22
1.35%

Chart of the Day


Latest News
June 21, 2025 at 06:30 PM GMT+05:00

Pakistan recommends Trump for Nobel Peace Prize


June 21, 2025 at 05:53 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


June 20, 2025 at 11:13 PM GMT+05:00

PM directs PNSC to expand fleet



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg