After selection of desired area of City where you want to live or invest, next step is “How to verify a Society”
Before investing / buying plot / home / commercial in any society you to have to consider followings:
- Is Housing Society is registered with Securities & Exchange Commission of Pakistan (SECP) or Cooperative Department?
- Is Society land transferred on Society name in Revenue Record?
- Is Housing Society has valid NOC from Local Development Authorities (LDA / CDA / GDA / MDA / FDA as per approved map?
- Is Housing Society has made arrangements for development work like Water, Gas, Electricity & Sewerage etc. on site?
Pre Launch bookings are highly not recommended. You must wait for official launch of booking by publicly advertised in major news paper (s) with confirm location, booking schedule, installment time frame and tentative time for possession (year of possession).
Before investing in any project you must keep eye on News Paper warnings ads by Local Authorities against projects which are not approved. Usually these local Authorities has a list of approved Housing Societies, as well as Unapproved Housing Schemes lists. You may also visit Local Authority Office and can verify about the scheme before investing.
A marketing company / affiliates / agents may highlight a project which they are dealing with for their interest.