Whenever one of your friends or relatives shows the desire to buy a property or invest in property suddenly our instinct hits and everyone in the room starts to give him/her lectures. One side wants him not to invest and the other tells him to be very careful.
This behavior is due to many reasons. In past there have been instances where savings and investment of people sank due to investment in shady projects or illegal societies. This happened in big cities like Lahore, Karachi and Islamabad.
Real estate has seen an exponential growth since 2010 specially in Islamabad. Now everyone wants to invest and get a piece of land. But before you dive into this there are certain things which should be kept in mind. Let’s discuss them first.
Don’t Rely Completely on one source:
Before buying, try to get as much information as you can in the market. Compare prices, do some market research and then finalize your buying/selling source.
Park View City dealers’ network has been thoroughly scrutinized and authorized to sell our units. Moreover, you can also visit our Sales office in Blue Area and book your plots directly from us.
Always look out for legalities:
Most of the societies in Islamabad are not CDA Approved and are working without NOC. Clients normally overlook this or are told that its in the process. Always look into CDA website and simply type society name in the CDA Website search bar to find out about it.
Always inquire about project specifics like land and developers. Are they giving possession or not.
Some of the important elements to consider are:
- Total Land area of the society
- NOC from the relevant development authority
Park View City Islamabad has given possession in 4 blocks already. Some of the block’s possession will be ready for possession in 2020.
Keep in mind that Park View City has LPS (Late payment Surcharge) system on files. So, if you are getting a file with lower market value from outside, there is a high chance that it will have LPS charges on it. Most of the time client when buys the file from other sources than company and comes to pay the installment then the LPS charges comes as a shock to them.
Booking a plot in Park View City:
We have a very easy system for booking of plot. Don’t worry if you are not in Pakistan. All we need is receipt of deposit slip, your ID/passport copy and two passport size photographs. Once all of these documents are provided you will get all the necessary documents related to your plot via post or email as you want it to.
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