Nova Group Development Portfolio - 12 Projects Delivered

Chaudhary Junaid Afzal (Chairman) established Nova Group in 2006. Civil engineering degree from UET Lahore (2001). Track record: 4,500 kanal developed across 12 residential projects. Zero project delays in 18-year history. Current developments span Peshawar, Lahore, Islamabad, and Multan.

18 Years Experience
12 Projects Delivered
4,500 Kanal Developed
Investment Options Project Location
Nova Group Development Portfolio - Completed Projects

Chaudhary Junaid Afzal - Educational & Professional Background

Civil engineering foundation with real estate development specialization

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Educational Qualifications

Bachelor of Civil Engineering from University of Engineering and Technology, Lahore (1997-2001). Specialized in structural engineering and urban planning. Member of Pakistan Engineering Council (PEC) since 2002. Continuous professional development through real estate development seminars and urban planning workshops.

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Early Career Foundation

Worked with National Engineering Services Pakistan (NESPAK) from 2001-2005. Projects included Islamabad Highway expansion, Rawalpindi Ring Road feasibility study, and Islamabad Capital Territory development plans. Gained experience in large-scale infrastructure project management and government regulatory processes.

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Nova Group Establishment

Founded Nova Group in 2006 with initial capital of PKR 50 million. First project: Nova Apartments Lahore (50 kanal, 200 apartments). Established company reputation for timely delivery and quality construction. Expanded operations to Peshawar, Islamabad, and Multan markets.

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Business Philosophy

Focus on mid-range residential developments with modern amenities. Target customers: government employees, business professionals, overseas Pakistanis. Pricing strategy: 20% below market leaders while maintaining quality standards. Delivery commitment: maximum 36-month development period.

Completed Projects Portfolio - Timeline & Specifications

Detailed breakdown of 12 delivered projects across Punjab and KP

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Nova City Peshawar

Launched: 2017. Completed: 2019. Area: 1,200 kanal. Plots: 2,800 units. Sizes: 5 marla to 2 kanal. Development period: 24 months. Features: 100-foot main boulevard, underground utilities, community center, mosque, school. All plots sold out by completion.

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Nova One Lahore

Launched: 2018. Completed: 2020. Area: 800 kanal. Plots: 1,850 units. Development period: 30 months. Located on Main Ferozepur Road. Features: commercial district, sports complex, educational facilities. Customer satisfaction: 94% based on post-delivery survey.

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Nova World Islamabad

Launched: 2019. Completed: 2021. Area: 650 kanal. Plots: 1,400 units. Development period: 30 months. Location: near Islamabad International Airport. Features: aviation-themed design, business center, recreational facilities. Project value: PKR 4.2 billion.

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Nova Heights Multan

Launched: 2020. Completed: 2022. Area: 400 kanal. Plots: 950 units. Development period: 24 months. Location: Vehari Road, Multan. Features: elevated land, panoramic views, modern infrastructure. First high-rise residential project in Multan by Nova Group.

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Nova Apartments Lahore

Launched: 2006. Completed: 2008. Area: 50 kanal. Units: 200 apartments. First project established company reputation. Features: basement parking, rooftop garden, community facilities. All units sold within 18 months of launch.

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Nova Business Center Peshawar

Launched: 2015. Completed: 2017. Area: 150 kanal. Commercial plots: 180 units. First commercial project by Nova Group. Features: dedicated business district, parking for 500 vehicles, modern architecture. Rental yield: 8% annually for investors.

Financial Performance Metrics - Investment Returns

Revenue, profitability, and customer investment analysis

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Total Portfolio Value

Combined project value: PKR 18 billion across 12 completed developments. Revenue breakdown: 75% residential plot sales, 15% commercial plot sales, 10% rental income. Annual revenue growth: 25% compound annual growth rate since 2006. Current development pipeline: PKR 8 billion.

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Plot Sales Performance

Total plots sold: 8,500 units since 2006. Average selling period: 18 months from launch to 90% sales. Customer retention: 35% of buyers purchase multiple plots in different projects. Referral sales: 40% of new customers come through existing customer recommendations.

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Customer Investment Returns

Average plot appreciation: 180% from launch price to completion. Investment timeline: 24-36 months typical development period. Annual return on investment: 35-45% for early buyers. Highest appreciation: Nova City Peshawar (220% over 24 months).

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Customer Satisfaction Metrics

Overall satisfaction rate: 92% based on post-delivery surveys. Quality rating: 4.2/5.0 for construction standards. Timely delivery: 100% of projects completed within contracted period. After-sales service: dedicated customer service team with 48-hour response commitment.

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Development Expenditure

Total development spending: PKR 2.5 billion across all projects. Infrastructure allocation: 60% of total budget. Utility provision: 25% of budget. Landscaping and amenities: 15% of budget. Cost efficiency: 15% below industry average through in-house project management.

Nova City Islamabad - Current Flagship Project

903 kanal development with 2,800 plots - PHATA approved

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Project Scale

Total area: 903 kanal approved by PHATA. Plot configuration: 2,800 total plots. Development timeline: 36 months. Location: Ring Road KM-18 interchange. Current status: Infrastructure development 65% complete. Expected completion: December 2025.

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Plot Categories

5 Marla: 1,250 plots (45% of total). 10 Marla: 980 plots (35% of total). 1 Kanal: 420 plots (15% of total). 2 Kanal: 150 plots (5% of total). Mix designed based on market demand analysis and affordability patterns in Islamabad region.

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Regulatory Compliance

PHATA NOC: No. PHATA/DDH/2021/903 dated March 15, 2021. TMA Fateh Jhang: Development permission dated April 8, 2021. Environmental clearance: Obtained from EPA Punjab. Utility approvals: All connections approved including 11KV electricity, gas, and water.

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Development Progress

Land acquisition: 100% complete. Boundary wall: 100% complete. Main boulevard (120-foot): 85% complete. Underground utilities: 70% complete. Grid station: Under construction. Water supply system: 60% complete. Expected handover: First quarter 2026.

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Limited plots available • PHATA-approved development • 36-month completion timeline