In other sets of frequently asked questions, the subject of NOCs has come up. We’ve looked at these No Objection Certificates and asked why a number of them have expired. In many cases, they will remain that way with no hope of the project coming to life again.
In other cases, certificates will be marked as NOC restored conditionally but what, exactly, does that mean?
What is an NOC?
Firstly, here is an outline of the basics. A No Objection Certificate (NOC) in Gwadar, is issued by the local Balochistan government to real estate companies when they want to develop property in the region.
These NOCs have been issued for a number of years but in the early days of development in and around Gwadar, many of them expired. There were differing reasons for this but in many cases, slow progress by external parties or shortages of key amenities meant that the individual project could not be completed in time. The NOC would subsequently expire due to that failure to meet deadlines.
What does NOC restored conditionally mean?
In essence, the term used is self explanatory: The No Objection Certificate in question has been restored by the Balochistan government but there are conditions attached to their actions. In 2004, there were 77 NOCs issued by the authorities in Balochistan and the majority of these have run down.
As of May 2018, however, 22 of these NOCs had been restored conditionally after some extensive research. During their findings the provincial government was looking to ascertain a number of factors.
The due diligence survey was carried out by the Gwadar Development Authority and, in the first instance, they were looking to establish verification of the land and its ownership. This was important in terms of identifying that the line was clean and that there were no disputes involved.
It was also vital to establish the boundaries of that land as it was important to confirm that there was no overlapping into areas that were in dispute. Finally, the Gwadar Development Authority set out to confirm the GEO tagging of land coordinates and once those three checks had been carried out, the NOC was up for restoration.
What are the terms of a conditional NOC?
The most significant term of a restored NOC states that the developer must then complete the infrastructure work on the property within three years of the date of restoration. It’s a statement of intent on behalf of both the developer and the Gwadar Development Authority and it also shows a commitment to the individual property investor.
If there is any doubt in terms of timeframe and how long is left on that three year extension, speak to the market leader in Gwadar real estate. CPIC Global have worked hard to demonstrate commitment to NOC restoration and to pick up on abandoned projects in order to see them through to fruition.