5 Important Features to Consider When Investing in a housing society

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03 Aug, 2023

Do you want to book a commercial or residential plot in a housing society? You should always take this decision wisely as it is your long-term investment.

However, there are many housing societies in Rawalpindi, Islamabad, Lahore, Peshawar, and other cities of Pakistan that offer properties for sale. But, you should always choose the best of them.

So, here are some features of housing societies that you should consider when investing. It means that only investing in a housing society has all these features.

It may not be possible to find a housing society having all the qualities, but after contacting EFS Marketing, we can assist you in investing in top-class housing societies.

Features to consider

NOC (No Objection Certificate)
Location
Prices
Developers
Facilities and amenities

NOC (No Objection Certificate)

You must make sure that the housing society in which you want to invest is NOC approved. Because legal housing societies have a greater chance of development.

You can check the legal status of a housing society by visiting the official websites of the concerned authorities.

The housing societies located in Rawalpindi receive their NOCs from Rawalpindi Development Authorities (RDA). So, you can check the legal status by visiting https://rda.gop.pk/.

Similarly, housing societies located on the premises of Islamabad receive their approval letters from CDA (Capital Development Authority). So, you can verify the status by visiting https://www.cda.gov.pk/.

Some housing societies claim that they have received NOC from PHATA (Punjab Housing and Planning Agency). So, you can check the legal status by visiting https://phata.punjab.gov.pk/.

The housing societies located in Peshawar receive NOCs from Peshawar Development Authority (PDA). You can check the legal status by visiting https://www.pda.gkp.pk/.

There are housing societies which received their approvals from Lahore Development Authority (LDA) because they are located in Lahore. So, to check the legal status of housing societies located in Lahore city, you should visit https://lda.gop.pk/website/.

So, if you confuse about finding NOC-approved housing societies, here is a list of legal housing societies from which you can choose.

Kingdom Valley Islambad
Capital Smart City
Lahore Smart City
Park View City
Bahria Town
New City Paradise
DHA

Location

After NOC location is an important feature to consider when investing in a housing society. In the case of deciding your investment based on location, you should always invest in projects that are easily accessible.

Many housing societies are having NOC but they are very far and difficult to access. That is why location is important. You can take the example of Capital Smart City. It has a dedicated Interchange from M-2 (Lahore Islamabad Motorway).

Similarly, Park View City is located in the lap of Margalla Hills having direct access from Kashmir Highway.

The location of New City Paradise is very ideal. It is located on Main GT Road 0 kilometres away from Burhan Interchange on M-1 (Peshawar-Islamabad Motorway).

Price

Considering the prices of plots in housing societies before the investment is a very important factor. Because, if you book a plot that may exceed your budget, it can create problems for you in future if you fail to pay the instalment on time.

Before investing in any housing society check the payment plan properly. Some housing societies offer you booking plots at extremely affordable prices.

For example, Kingdom Valley is a low-cost housing society. You can book commercial and residential plots at very low rates. Also, the monthly instalments are very affordable, and you can easily manage to pay instalments.

There are other housing societies also which offer plot booking at very low rates including Blue World City, New City Paradise, New Metro City, Silver City, and Rudn Enclave, etc.

Developers

The most important feature of a housing society is its developers. The developers of any housing society play an important role in the development and success of a housing society.

Furthermore, before choosing the housing society for investment due to developers, also check the previous record of the developers. If you found them successful and outstanding, then go for it.

We would like to suggest you invest in housing societies which are developed by HRL and FDHL. They are renowned developers. The current projects of HRL and FDHL are Lahore Smart City and Capital Smart City.

Facilities and Amenities

You will always like to live in a housing society where you can find all the facilities and amenities. However, there are very few housing projects that offer all the facilities essential for living a comfortable life.

If you could not find a housing society having all the amenities in your available budget, just decide to invest in a housing society having all the basic facilities including water and gas, electricity, schools and colleges, health centres, and security.

There is a list of housing societies where you can find all the basic and luxurious facilities at very affordable prices.

Conclusion

We have discussed 5 features that you should consider before investing in a housing society. You can contact EFS Marketing to invest in a housing society having all your required features.

We deal in all housing societies mentioned above.