Faisal Town Phase 2 or FT-2 is a colossal residential construction project that was designed by Faisal Town Group (Zedem International Private Limited), and owned by Chaudhary Abdul Majeed. The housing society is placed along Thalian Interchange and is located next to M-2 Motorway. It is easy to access it at the Chakri road. The International Airport, Islamabad International Airport, is approximately 10 minutes drive away.
Phase 2, Faisal Town occupies an area of 80,000 kanals which is divided into sectors, districts, and blocks. Every sector has its unique lifestyle and caters to diverse needs and choices. The society is offering high-class variety of residential and commercial plots on sale in different sizes, 5 marlas to 2 kanal.
The No Objection Certificate (NOC) for Faisal Town Phase 2 is under process at the Rawalpindi Development Authority (RDA). As the society falls under the jurisdiction of the RDA, it is their responsibility to issue the approval after thorough verification. The NOC process for society can take a prolonged time due to approvals from the relevant departments.
Once all the departments of RDA give their approval for Phase 2, RDA will issue the final approval to the society. The management has submitted all the required documents and hopes for NOC approval sooner than expected.
Now is the ideal time to invest in Faisal Town Phase, as it offers affordable rates for both residential and commercial plots. According to the market analysis, the prices of plots provided by the society are likely to increase once the faisal town phase 2 noc approved, after which buyers and investors will no longer be able to obtain plots at these rates.
Faisal Town 2 NOC is needed due to a number of reasons:
Legal Status of the Project: An NOC provides that the project has been established in accordance with all the necessary regulatory standards.
Clear Title and Ownership: The faisal town 2 noc approved will ensure that there is a clear and non-debatable title to the subject property. It establishes that it does not have any pending legal claims or future disputes, and this is crucial to any hassle-free transfer of ownership.
Provision of Utilities and Infrastructure: After the relevant authority approves the NOC of Faisal Town Phase 2, it will be in a position to receive all the basic amenities, such as electricity, gas and water.
Investor Confidence and Resale Value: Properties in the NOC-approved societies tend to be more valuable and have a greater resale potential.
Q1. Who is the developer of Faisal Town Phase 2?
Ans: Faisal Town Phase 2 Islamabad was developed by Faisal Town Group, also known as Zedem International Pvt Ltd. Chaudhary Abdul Majeed, the owner of the society, is a real estate tycoon and Chairman of the Faisal Town Group.
Q2. Where is Faisal Town 2 Islamabad located?
Ans: It is strategically situated near the Thalian Interchange, parallel to the M-2 Motorway and the Chakri Road, and also has two points of contact with the Rawalpindi Ring Road. Islamabad International Airport lies only 10 minutes away from the housing society.
Q3. Is Faisal Town Phase 2 NOC approved?
Ans: No, not yet. The NOC of Faisal Town Phase 2 is under process at the Rawalpindi Development Authority.
The Faisal Town 2 Islamabad NOC is currently under process at the RDA, which may hinder investors from investing. However, the credibility and previous project history of the developer boost investors’ confidence, hence assuring that NOC would be received by the society much sooner than expected.
Kindly stay tuned to us for the latest updates regarding the Faisal Town 2 NOC status.