Blue World City is a real estate project located near Islamabad in Pakistan. Blue Group of Companies is developing it in collaboration with a Chinese investment firm. It is marketed as the country’s first-ever private housing society developed with a Chinese company.
The project is being developed in phases, with the first consisting of residential and commercial plots. The subsequent phases will include constructing apartments, villas, and other amenities. The project is being marketed as an affordable housing option for the middle class, with modern facilities and amenities such as a water theme park, commercial areas, hospitals, schools, and mosques. It is also being touted as an important component of the China-Pakistan Economic Corridor (CPEC), a multi-billion dollar project to enhance trade and connectivity between China and Pakistan.
Owners and Developers
Blue Group of Companies, a Pakistani conglomerate interested in various sectors, including real estate, construction, and energy, is developing blue World City. The company was founded in 1989 and has since grown to become one of Pakistan’s largest and most diversified business groups.
In 2017, Blue Group of Companies announced that it had entered into a joint venture with a Chinese investment firm called Shan Jian Municipal Engineering Company to develop Blue World City. Shan Jian Municipal Engineering Company is a China Construction Third Engineering Bureau subsidiary. It is a state-owned construction company that is one of the largest in China. Blue World City owners & developers have generated considerable interest among investors and home buyers within Pakistan and abroad. However, there have been some concerns about the project’s legality, as it was initially launched without obtaining the necessary approvals from local authorities. These issues have since been resolved, and the project is now being developed following all legal and regulatory requirements.
Shah Jian Municipal Engineering Corporation
The collaboration between Blue Group of Companies and Shan Jian Municipal Engineering Company is an important component of the China-Pakistan Economic Corridor (CPEC), a multi-billion dollar project aimed at enhancing trade and connectivity between China and Pakistan. Blue World City is being marketed as the first-ever private housing society developed in collaboration with a Chinese company. It is being touted as a symbol of the strong ties between the two countries.
Blue World City Location
Blue world city location is near the city of Islamabad in Pakistan. Specifically, it is situated on Chakri Road, just a few minutes drive from the new Islamabad International Airport. The project is spread over approximately 5,000 Kanal and near several other important developments, including the Rawalpindi Ring Road, the Islamabad-Lahore Motorway, and the CPEC route. This strategic location makes Blue World City an attractive investment opportunity for those looking to benefit from the economic growth and development taking place in this part of Pakistan.
Master Plan and Payment Plan
The master plan for Blue World City includes residential, commercial, and mixed-use areas with various plot sizes. In addition, it also includes plot types to suit different needs and budgets. The development is being carried out in phases, with the first phase already completed and available for purchase. Plot sizes ranging from 5 Marla to 1 Kanal are available in Blue World City. Also, different sectors and blocks have been designated for different plot sizes.
The plots are being offered on a flexible payment plan, with a down payment followed by monthly or quarterly installments spread over 3 to 4 years.
Commercial Plots
Commercial plots are available in various sizes, ranging from 5 Marla to 8 Kanal. Different sectors and blocks have been designated for different types of commercial activity, such as shopping malls, markets, and office buildings. The commercial plots are offered on a similar payment plan to the residential ones.
Blue World City Features
Blue world city features also include mixed-use Areas and amenities where both residential and commercial activities will be allowed. These areas will include amenities such as parks, playgrounds, and community centers.
The master plan includes a range of amenities, such as a water theme park, sports facilities, hospitals, schools, and mosques. These amenities are being developed in phases, some already completed and others in progress.
The Blue World City payment plan for Blue World City is designed to be flexible and affordable for buyers. The exact details of the payment plan may vary depending on the type and size of the plot, as well as the phase of development. However, generally, buyers are required to make a down payment of 10-20% of the total cost of the plot, followed by monthly or quarterly installments spread over 3 to 4 years. Some discounts may be available for buyers who pay the full amount upfront or within a shorter time frame.
Legal Status
The next most significant and essential thing for investors is a legal status. Anyone interested in a real estate project wants to ensure that their investments are safe and the project is legal. In addition, they ensure that the project is safe for all kinds of development and construction work. So, in the case of this housing society, the news for the investors is that Blue World City NOC is approved.
The issuance of a No Objection Certificate (NOC) is an important regulatory requirement for any real estate project in Pakistan. The NOC is issued by the relevant local authority, such as the Capital Development Authority (CDA) or the Rawalpindi Development Authority (RDA), and confirms that the project obeys all valid regulations and safety standards.
Initially, there were concerns that Blue World City had been launched without obtaining the necessary approvals and NOCs from the relevant authorities. However, these issues have since been resolved, and the project has obtained all the necessary approvals, and NOCs required for its development. You can also consider investing in Rudn Enclave Rawalpindi, one of the best residential societies in twin cities.
Conclusion
In the article, we have discussed the major facts about Blue World City. After reading the article, you have got enough information now. So, contact Sapphire Properties now and discuss your investment options to get the best deals.