Government To Remove the NOC Requirement Needed for high-rise Building Construction
The government has agreed to withdraw the No Objection Certificate (NOC) provision for the construction of high-rise and multi-storey buildings in five major cities that are around airports in the country. Islamabad, Karachi, Lahore, Peshawar and Multan were among the five main cities. A report was sent to the Federal Cabinet in this regard by the Naya Pakistan Housing and Development Authority (NPHDA), briefed by the Housing Task Force of Prime Minister Hasan Bakshi, at an online NAPHDA meeting chaired by NAPHDA Chairman General (Retd) Anwar Ali Hyder. Currently, developers are required to procure a NOC from the Civil Aviation Authority (CAA) and the Pakistan Air Force (PAF), which takes about six months, for the development of high-rise and multi-storey buildings within a 15.24km radius of the airports. The goal of this initiative is to encourage housing and building initiatives throughout the nation, while saving construction costs and resources. Builders will no longer be required to acquire NOC, which will save time in construction. PM Imran Khan wants to speed up the pace of work on housing and construction projects, especially low-cost housing projects. Construction activities support around 40-70 allied industries including cement, steel, paint and woodwork. PM Imran had significantly slashed the tax on construction of houses, especially the low- cost housing projects, and announced a subsidy worth Rs30 billion. This will have a great impact on Real Estate Sector of Pakistan.