RDA Checklist for Investment in New Housing Societies

Rawalpindi Development Authority (RDA) had issued a checklist that is necessary to prevent falling prey to any real estate scam. Atelier Builders highly recommends observing this checklist for a safe investment.

A thorough investigation is a must process to be carried out before any real estate investment. Investors are scammed by scammers due to the attractive features of illegal housing societies. Later on, the investors know that their investment has been lost due to investing in an illegal housing society.

. Recently, the government incentives to the construction industry have brought a boom in creating new housing societies. The influx of new housing societies has made it difficult to differentiate between authentic and fake housing societies. Investors are mainly trapped by the low prices of the properties and other appealing features conveyed by the owners of these compromised housing

Sky marketing is a real estate marketing company that concentrates on the profit and welfare of investors. That is why we are offering a significant checklist that you must follow to conduct a safe investment:

• Investors must visit the housing society and survey the development activities that are proudly shown in the Ads of the society.

• You must also check the distance and locality of the housing society. The reason is that the owners show the location of the society close to the main city, and in reality, it is quite far. So, it is better to visit the site for the certainty of the location.

• You must also check with the concerned authorities whether the developers are officially recognized r they are illegal.

• The investors must also clarify that the land acquired by the housing society is duly approved by the development authority of that area.

• Do contact the RDA to verify the legality of that housing society.

• Demand the approved NOC from the management of the housing society to clarify that you are investing in a legal housing society. Due to this clarification, your investment will be completely safe.

• Also, check with the National Accountability Bureau (NAB) whether any scam case is registered with them or not.

• Inquire about the inclusion of the exclusion of development or any hidden charges that could be included in the purchase price of the plots.

• One pertinent thing to check is the availability of the utilities such as electricity, gas, and water.

• Other features that need to be checked for family members are the close accessibility to the hospitals, schools, and mosques.

• Keep in mind that payment must be carried via Cheque or online transaction. It is suggested to keep an electronic record of the transaction and could be tracked when needed.

• Do save the contact details of the company and person that you are dealing with.