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Nova City Peshawar is a newly developed housing project developed by renowned Nova Developers. Nova City is located at a prime location adjacent to the M-1 Motorway and close to Charsadda along with Peshawar.
Nova City Peshawar is one of the most significant projects in the real estate market of Pakistan. The residential society is in the rapid development phase and is designed to international standards.
Nova City Peshawar Owners and Developers
The owner and developers of Nova City Peshawar are the reputed property developers Nova Developers Pvt. Ltd. The company is a non-government organisation which was founded in the year 1997. Mr. Junaid Afzal is the founder and current CEO of the development group.
Nova Developers possess a vast promising experience of 25 years in the real estate market. They have developed many successful projects in the time-lapse of two decades. The development group has a lucid vision to create a project with all the modern features with comfortability offered at the most reasonable prices available in the market. The company has an employment power of above 500 employees working all over the country and annual revenue of $269.4 Million.
Nova City Peshawar NOC
There is no authentic information regarding the No Objection Certificate (NOC) of Nova City Peshawar. Investors should confirm the legal status of the housing scheme before finalizing any deal. The approval of a housing society is one of the most influential points that attract investors to that society.
Nova City Peshawar Location
The location of Nova City Peshawar is prime as it is located adjacent to the M-1 Motorway and close to Charsadda and Peshawar. The Islamabad-Peshawar Motorway M-1 is a crucial route that connects Peshawar with major cities. The motorway starts from Peshawar Ring Road, northeast of Peshawar.
M1 Peshawar-Islamabad Motorway is a 155-kilometre long stretch with 14 interchanges at various points, including Peshawar Ring Road. The connectivity to M1 adds to the worth of the residential society. Nova City Peshawar is situated in a highly convenient and accessible location, making it more appealing to investors and property owners.
Nova City Peshawar Accessibilities
Following are some of the convenient accessibility points of the residential society:
- Located adjacent to the M-1 Islamabad-Peshawar Motorway
- Almost 5 min drive away from DHQ Hospital Road
- Almost 7 min drive away from Mardan Road
- Almost 12 min drive away from Charsadda City
- Almost 13 min drive away from Charsadda Road
- Almost 15 min drive away from Bacha Khan University
- Almost 19 min drive away from Peshawar City
- Almost 19 min drive away from N-5/G. T Road
- Almost 19 min drive away from Peshawar Northern Bypass
- Almost 23 min drive away from Mardan City
- Almost 23 min drive away from Peshawar Ring Road
- Almost 25 min drive away from Risalpur City
- Almost 36 min drive away from Nowshera City
- Almost 51 min drive away from Bacha Khan International Airport
Nearby Landmarks and Places
Following are the nearby landmarks and places of the residential society:
- M-1 Islamabad-Peshawar Motorway
- N-5 National Highway
- Risalpur Airbase
- Charsadda Cemetery
- Bacha Khan University
- Paradise City Nowshera
- Bacha Khan International Airport
Nova City Peshawar Master Plan
The master plan of Nova City Peshawar is designed skillfully by the expert team of Nova Developers. The master plan spans an approximate area of 2000 Kanal of the most premium land. Phase 1 is still going through rapid development, and Phase II has also been announced recently.
The masterplan features a wide main boulevard, interconnected roads and streets. Green belts and tree planting places are plentiful, adding to the society’s picturesque appeal. A number of plot sizes are available in Phase I for residential and commercial purposes.
Nova City Peshawar Phase I Plot Sizes
Following are the plot sizes available in the Phase I of Nova City Peshawar:
Nova City Peshawar Residential Plots
Following are the residential plots sizes available in the Phase I of Nova City Peshawar:
- 3.5 Marla
- 5 Marla
- 7 Marla
- 10 Marla
- 1 Kanal
Nova City Peshawar Payment Plan
The payment plan of Nova City Peshawar is considerately designed for the convenience of its investors. The society pre-launched Phase I offering a 4-yearly payment plan with 40-monthly instalments and 8-half-yearly instalments. The convenient payment plan attracts many investors in KPK and across the country.
Following is a convenient payment plan for the Nova Peshawar:
Nova City Peshawar Phase 1 Latest Payment Plan
Payment Plan Terms & Conditions
Following are the terms and conditions regarding Nova City Peshawar payment plan:
- Non-category plots are sold separately in the payment plan
- On category plots, a 10-percent fee will be applied
- Prices are subject to change at any time prior notice
- Every month’s instalments must be paid by the 10th of the month
- Developmental fees are included in the current costs
- In the name of Nova City Developers, make a check or a DD
- Within 45 days of booking, a 10% confirmation fee must be paid
Facilities and Amenities
The facilities and amenities of Nova City Peshawar are up-to-date, which will keep up the with modern lifestyle. The residential society provides all modern-day essentials to create a luxurious and comfortable lifestyle.
The creators have a vision of providing an environment-friendly and high-quality lifestyle. They set aside a big area for the central theme park for this reason, where youngsters and seniors could spend quality and relaxing time for mental nutrition.
The developers choose a green ecological environment in the most fruitful landmarks. The serene and eco-friendly environment attracts a lot of overseas investors.
The Grand Mosque is another beautiful addition to fulfil spiritual needs. Its modern and divine architecture is soul-soothing and calming. The Jamia masjid is in a rapid development phase.
Nova City Peshawar is a secure and gated community with 24/7 surveillance. Being a gated community raises the standard of a housing society. The developers do not compromise the security of their future residents. A boundary wall protects society’s confines to keep the high-tech level of security.
The owners of the residential society have kept a keen eye on the essential water resources for the housing society. Nova City in Peshawar is expected to have many water restoration plants that will provide clean water to the future residents of the housing society.
Education is one of the major and most important needs of life. The residential society’s owners have given special attention to educational purposes. Nova City Peshawar developer is planning to develop international-standard educational complexes. The future resident of residential society could achieve quality educational possibilities.
The developers of residential society priorities the healthcare facilities for their future residents. They have developed international-standard hospitals and clinics for this purpose. Teams of experienced and well-trained paramedics will be hired to deal with emergencies. The emergencies will be open for 24 hours of the week.
Following are the salient features of the residential society:
- Beautiful Entrance Gate
- Grand Mosque
- Water Resources
- Education Complex
- 24/7 Security
- Boundary Wall
- Gated Community
- Quality Development
- Water, Gas, Electricity
- Underground Electrification
- Sewerage and Waste Disposal System
- World-Class Infrastructure Development
- Sports Complex with Indoor and Outdoor Facilities
- Medical Facilities Offered by Hospitals, Dispensaries, and Clinics
Nova City Peshawar Booking Forms
The booking form of Nova City Peshawar has been in conversation because of its exclusive and limited availability. Initially, the Nova City Booking form was available in banks only, but now it is available in the market with many real estate marketing companies.
Below are the names of the Banks offering Nova City Peshawar booking forms:
- HBL (Habib Bank Pvt Ltd)
- JS Bank
- BOK (The Bank of Khyber)
Balloting of Nova City Peshawar
The balloting of a residential society is a crucial step toward development. Nova City Peshawar is making the required efforts to ensure society’s growth and early inhabitation. The most recent balloting at Nova City Peshawar was done against several plots, and the results were just revealed.
The balloting was announced for Phase I, the new name for the Pakhtunkhwa Enclave of the housing society. Phase I includes plot sizes of 5 Marla,10 Marla, and 1 Kanal for residential purposes. The owners of the residential society invited all the official members of the society for the first balloting held on the 23rd of March, 2022. The balloting result was announced on the official Facebook page of the residential society.
Nova City Peshawar Latest News
The latest news of Nova City Peshawar has made many important announcements lately. Following are some of the highlighted latest news announced by the residential complex:
- Nova City Phase I was announced in January 2022
- Nova City Phase I Balloting announcement on 23rd of March, 2022
- Nova City Phase I Balloting results in May 2022
Nova City Peshawar Development Status
Nova City Peshawar is in a fast development stage. The development in Phase I of the residential society is almost near its completion state. The officials have also announced Phase II of the housing scheme.
The supply of electricity and water has also been achieved. The balloting for Phase I has also been performed, and many official members are ready to take possession of their desired property.
Benefits of Real Estate Investment
Real estate investment is one of the most profitable businesses. This is because it has excellent investment return potential. But the point to keep in mind is that it will only be profitable when conducted correctly. One can gain several kinds of benefits from investment in the real estate industry. Some of the main benefits are as follows:
1. Financial Security
If a person has some extra amount or someone has some asset, and he wants to keep the value of that asset high, then indeed, the real estate sector is the sector that can keep the value of investment high.
2. Stable Income
A person can quickly generate a stable income with investment in real estate. For example, one can buy a property, develop it, buy a developed property, and rent it monthly or yearly. Not just this, the rent increases yearly by some percentage, so it would not be wrong to say that it gets better than stable.
Once an investment is concluded, it’s not like some living thing you have to look after daily. The maximum you will have to do is visit your property every while to ensure it does not fall into the wrong hands of encroachers.
4. Passive Income
Once someone has invested in a real estate property, passive income like rent could be generated. Investors buy a developed property or develop an open land and then rent it out, uninterruptedly ensuring a steady source generation throughout the year.
5. Non-depreciable Asset
Real estate investment is a business that will never lose its value once done correctly. Real estate value always increases every year. And if some significant government or private project is started in its vicinity, the value may increase.
Why invest in Nova City Peshawar?
Nova City Peshawar is a goldmine right now for the investors of Peshawar and KPK. The residential project has made an outstanding appearance in real estate, attracting many investors just a few days after its announcement. There are a lot of qualities in this housing project that make it a potential choice for investment, from its prime location choice to its affordable payment plan.
Following are some of the vibrant reasons to invest in Nova City Peshawar:
- Versatile Property Options
- High-Tec Level of Security
- Providence of Basic Facilities
- Modern and Lavish Amenities
- Risk-Free Investment Opportunity
- Affordable and Economic Payment Plan
- Developed on International Standards of Infrastructure
- Prime Location of the Peshawar-Islamabad Motorway (M-I)
- Accessibility from Charsadda City and Peshawar Ring Road
Booking Procedure for Nova City Peshawar
Following is the procedure to follow for booking a plot in the Nova City Peshawar:
- Fill out the booking application form with full attention
- Attach your CNIC copies
- Pay the down payment via pay order or cheque
- Cash payments are also accepted after the confirmation by the management
Documentation Required for Booking in Nova City Peshawar
Below is the documentation required for booking a plot in Nova City Peshawar:
- Two passport-size pictures
- NICOP for overseas clients
- Two copies of the ID card of your next kin
- Two copies of your National Identity Card (NIC)
Pros and Cons:
Following are the pros and cons of Nova City Peshawar:
|Perception of high plot rates
|Theme Parks/Recreational Areas
|Peaceful/ healthy/secure environment
|Gated community with security gates, surveillance systems, CCTV cameras & guards
|Very close to the central locations & other societies
|The vast and well-planned carpeted main boulevard, roads, streets, lanes & walk-ways for pedestrians
|Well-planned drainage & waste disposal systems
|Green, innovative and sustainable housing society
|Solid waste disposal mechanism
Frequently Asked Questions (FAQs)
Following are the FAQs about Nova City in Peshawar:
Ans: Nova City Peshawar is a housing society designed and developed to offer a unique living experience for residents at affordable costs. A team of engineers, architects, and other staff with years of experience have put their full efforts into its development.
Ans: The NOC of Nova City Peshawar is allegedly approved by TMA Peshawar.
Ans: Yes, there is no doubt because of the easy Nova City Peshawar instalment plans. The management has played a crucial role in balancing luxury and affordability.
Ans: Yes, because the instalment schedules are affordable for families and small investors, hence, increasing the chance of high-yield investment returns.
Ans: Nova City Peshawar is located adjacent to the M-1 Motorway and close to Charsadda along with Peshawar.
Ans: Nova City Peshawar was developed by Nova Group of Developers.
Ans: Following are the steps to follow for booking a property in the Nova City Peshawar:
- Verify your papers and fill out your forms with the most up-to-date possible resources
- Make sure you have a solid financial plan to pursue your investment after consulting with the residential society
- A successful visit to the residential society’s site will benefit the prevention of fraud
- Select property size
- Fill out all the personal information correctly
- Data entry of the nominee
- Enter the payments
- Genuine signature
Ans: The tentative step to follow for the mortgage plots are mentioned below:
- Submit a request application
- Pay NOC / NEC fee
- Issue NOC / NEC to the bank
Ans: The tentative step to follow for the cancellation of files are mentioned below:
- The owner has to submit a request application
- To collect cancellation letter from the office
Ans: Following are the tentative steps to acquire the possession of plots in the residential society:
- Member will apply for SOD & PDCS (Statement of Dues & Post-Dated Cheques Statement) from BCD (Building Control Department) on Computer Generated Letter
- Before applying, he must pay the possession fee and will attach the deposit slip along with the application
- BCD will issue SOD & PDCS, and the member will pay accordingly
Now, the member will apply on the prescribed application and will attach the following documents:
- MS letter &/or Allotment Certificate (Copies)
- CNIC (Copy)
- Post-dated Cheques (PDC)
- Fee / Charges deposit slips
- BCD will process their application and get approval.
- BCD will approach the applicant to visit and get on-ground possession and possession letter
Ans: Following are the residential plot sizes available in the residential society:
- 3.5 Marla
- 5 Marla
- 7 Marla
- 10 Marla
- 1 Kanal
Ans: The balloting of the residential society was held on the 23rd of March, 2022.
Ans: Nova City Peshawar is an exclusive project of a reputed and well-known Nova Developers Group. The residential society owners have a solid image to provide their people with perfect investment and housing opportunities. The society’s unique feature, NOC approval and prime location makes it stand out differently in the real estate market.
Nova City Peshawar is a well-planed and reliable investment opportunity developed by the market’s pioneer construction company. The housing society is a secure gated neighbourhood with 24-hour security.
The location is unique, and the amenities are world-class. The society features international-standard educational complexes, hospitals available 24 hours, and energy and water restoration plants. Nova City Peshawar is a must avail investment opportunity that will be highly beneficial in the coming years.