RDA Issues a Checklist for Investment in New Housing Societies

RDA Issues a Checklist for Investment

RDA Issues a Checklist for Investment in New Housing Societies. Twin cities Rawalpindi and Islamabad, both have experienced several new real estate developments in the last few years. Different high-scale and attractive housing societies and commercial projects are still developing in their outskirts.

The development of New Islamabad International Airport has to boost up the value of nearby properties. That’s why both developers and contractors are focusing more on the development of new projects in its surroundings. These new developments are offering a number of attractive investment opportunities to buyers as well as investors. For More Interesting Projects.

But still, the risk factor is involved. So, investors must be aware of all the facts, and they need to cross-check all the property details. This proper investigation will assure the secure investment and will return you with a handsome profit. To ensure the safe and profitable investment of the buyers, RDA has recently issued a checklist for investment in new housing societies.

Here we are also sharing this list for your ease! Check Below:

Checklist for Investment in the Properties of Rawalpindi/Islamabad

A buyer should visit the housing scheme/society site physically.  On visiting the site, do check the difference between the on-site developments and claimed in advertisement. Also, see the distance of society from the main city centers.

Check out the details of company registration with SECP. Also, get information that if the company is eligible to set up/ develop the society or not.

Also, verify that the administration of the housing society has acquired the land legally and have no issues with authority CDA/RDA.

You can also ask the society’s management for the registration number of the housing society along with an attested copy of the approved map.

For NOC attestation, contact TMA/RDA/CDA.

Also, make sure to check if there is any case registered against this housing society in NAB or any other institute/court.

Most of the time, developers do not include development charges in advertisement/payment plan and deliberately hide it so, before investment gets all details regarding this matter.

Make sure to check the current status of basic utilities like electrification, Sui gas, water connection, telephone installation, and sewerage.

You can also verify the details of amenities like masjid, park, school, and hospital given in the advertisement. More often, the developing society already reserves the land for these amenities. Other projects.

Always make payments through banking channels and must receive the receipt.

Also, save the contact numbers and address of the main and sub-offices of the housing society/scheme.

 

So, don’t wait and contact Property Naama Consultants for further details!

 

+923319840145