- June 7, 2021
- Posted by: themrldotcom
- Category: Blog
Seeking safe and secured shelter accompanies one of the necessities of every living being on this planet. In this 21st century, where trends of urbanization are at their peak, every person desire to be part of the city hub. The industry of housing construction and real estate has perfectly named the mother of all industries as it catalyzes the progress in other industry sectors. In Pakistan, due to massive-scale investment in the real estate industry, it has contributed 5% in GDP. Due to its flourishing impacts, it has gained attention from the government. Nowadays, human settlement has stalwart coherence with its territory. It is one of the most triggering and attention-seeking attributes regarding purchasing land and plots in housing societies to know about the legality and authenticity of property you will purchase from your decent amounts of cash. According to the statistics, the annual demand for housing units in Pakistan is approximately 5.7 million, but the production does not meet the required number. There is a deficit of 4.30 million residency units. Due to the uncontrolled rise of the population, the basic facilities are depriving, and people lack the proper housing solutions. Given all these perspectives, according to an estimate, 69% of housing societies in Pakistan have not entertained legal licensing. It is necessary to filter all these mass numbers of housing societies to prevent bogus and scamming acts.
Getting a legalization permit from the concerned housing authority of the respective district is exceptionally crucial. But how can we rule out this ambiguity that which housing society is legal? There are multiple paths to prevent yourself from becoming the owner of illegal land or residential plots, as this will act as a dilemma for your worthy investment.
1. An Authentic and Genuine Real Estate Company
The ultimate solution to prevent you from fraud and fake housing societies is to consult or confer with a reliable real estate company. The MASTERS REAL ESTATE is also one of the renowned names in the real estate industry that will furnish their clients with the best choice regarding their residential plots. It is the policy of every real estate company to have proper documentation regarding the legalization and authorization of the housing society. Every respective city of Pakistan including the big districts have their development authorities like RDA (Rawalpindi development authority), CDA (Capital development authority), FDA (Faisalabad development authority). Getting the verified legalization from these development authorities is hugely evident in the light of getting legal verification.
2. Checking The Registration of The Cooperative Housing Society Through an Online Forum
In this world of rising technology, everything regarding housing societies has mentioned on the internet. The development authorities of various districts have enlisted the details of legal housing societies having original licensee issuance and valid registration number. Well, if you get stuck at some point in checking and confirming the legality of residential plots, it is good to dial the number provided on their websites and consult them. On the other hand, if you want to prevent yourself from this hustle and don’t have enough time to do such high-level scrutiny, then it’s good to hand over the task to a trustworthy real estate unit, “THE MASTERS REAL ESTATE”.
3. Approaching The Offices of The Housing Authority Physically
The other option is to make access to the office buildings of real estate companies or development authorities. But as we all know, having an upper-level approach to these government monopolies is not an easy task in Pakistan. On the other hand, real estate companies have well-grounded contacts with development authorities and housing societies. They know the tactics to know about the reality regarding the legality of the community.
4. Investigating The Acquisition of Land
Before constructing a housing colony, it is obligatory to approve land possession from the government official and authorized institutes. If the housing society fulfils this demand, it means that it has legal licensing for constructing the privileged houses of investors.