Blue World City has been in controversies since its inception, yet the society is working on new prospects for investments. It has now launched two new residential blocks namely Downtown block and the Sports Valley block.
This project has offered one of the most affordable residential and commercial plots and is said to be Pakistan’s most selling project. However, the owners are facing many issues regarding NOC and other government approvals.
Chairman of Blue World City, Saad Nazir, is an architect himself and is working closely on the monuments like Burj Al-Arab, the Blue Mosque, Horse Mascots, and many more.
He claims that the project will be Pakistan’s first tourist society. He has also ensured that all the investments made are safe and will soon pay higher profits.
However, development work has been started on the entry of Sports valley block which is positioned at a five-minute drive from Adyala road. This block also includes an international standard stadium as announced by the Chairman of the society.
Furthermore, the details of these new blocks will be shared once they are officially launched. These blocks tend to be a new opportunity for investors who have already invested in the project and have earned profits, along with the general public who seek to buy affordable property.
The society is criticized for a languid development pace and that it is more focused on adornment instead of working on the residential and commercial areas in which several people have invested.
According to market experts, it is a long-term project and those who have invested might have to wait for at least 10 to 15 years.
