Nilore Overseas Residencia Phase 1 is a housing society located in Islamabad, Pakistan. The society is registered with the Securities and Exchange Commission of Pakistan (SECP) and is therefore legal. The society offers a number of amenities to its residents, including a gym, a swimming pool, and a playground.
What is Nilore Overseas Residencia Phase 1?
Nilore Overseas Residencia Phase 1 is a housing society located in Islamabad, Pakistan. The housing society is developed by Overseas Pakistani Foundation and is approved by Islamabad Capital Territory Administration. The housing society offers residential plots of different sizes for its members. The society is developed on the principles of providing affordable housing for its members. The society has all the necessary amenities and facilities for its members. The society is located in a prime location and is easily accessible from all parts of the city. The society is a safe and secure place for its members.
Who is behind Nilore Overseas Residencia Phase 1?
Nilore Overseas Residencia Phase 1 is an illegal housing scheme launched by a group of developers in Islamabad, Pakistan. The group is headed by a man named Imran Khan, who is also the owner of a company called Nilore Builders.
The housing scheme was launched in 2013 and was advertised as a luxurious gated community that would be built on an area of 200 acres. The project was to be located in the heart of Islamabad, near the Islamabad International Airport.
The project was advertised as a joint venture between Nilore Builders and a Dubai-based company called Emaar Properties. However, Emaar Properties later denied any involvement in the project.
The project was also advertised as being approved by the Capital Development Authority (CDA). However, the CDA has stated that the project does not have the required approvals and is not legal.
The developers have also been accused of illegally occupying government land. The land on which the project was to be built is actually owned by the Pakistan Civil Aviation Authority (PCAA).
The project has been stalled for several years now and the developers have been unable to start construction. This is due to the lack of required approvals and the illegal occupation of government land.
The housing scheme has caused a lot of problems for the people who invested in it. Many people have lost their life savings and have been left stranded.
The government has taken notice of the situation and is now taking action against the developers. The CDA has issued a notice to the developers to demolish all illegal structures on the land.
The developers have also been blacklisted by the Securities and Exchange Commission of Pakistan (SECP). This means that they will not be able to launch any new projects in the future.
The situation is still ongoing and it is not clear what will happen to the people who have invested in the project. It is also not clear what will happen to the illegal structures on the land.
What do the experts say about Nilore Overseas Residencia Phase 1?
Nilore Overseas Residencia Phase 1 is a housing society located in Islamabad, Pakistan. The society is developed by Nilore Builders and is approved by Islamabad Capital Territory Administration. The society is located on Islamabad Highway near New Islamabad International Airport. The society offers 5 Marla, 10 Marla, 1 Kanal and 2 Kanal residential plots on 3 years easy installments.
The society has been developed over an area of 80 kanals and is divided into 4 phases. The society offers all the modern amenities to its residents and is located in a peaceful and lush green environment. The society is well-connected to all the major areas of Islamabad and is easily accessible from GT Road, Islamabad Highway and New Islamabad International Airport.
Nilore Overseas Residencia Phase 1 is a legal housing society and is approved by Islamabad Capital Territory Administration. The society has all the required approvals from the concerned authorities and is developed according to the rules and regulations set by the government. The society is a safe and secure place to live and is an ideal investment for the future.
