Are you considering investing in Top City Islamabad housing society but unsure about its legal status? Look no further! In this blog post, we'll dive into the question on everyone's minds: Is Top City Islamabad housing society really a legally approved project or not? Whether you're a potential buyer, a current resident, or simply curious about the development, keep reading to get all the details and make an informed decision.
What is the Top city Islamabad?
The Top City Islamabad is the capital of Pakistan. It has a population of over 8 million people and is one of the most densely populated cities in the world. The population density in Top City Islamabad is over 1,000 people per square mile. This high population density makes it difficult for residents to find affordable housing, which can lead to social problems such as crime and poverty.
The city government has been working to address these social problems by creating housing societies. These societies are legally binding organizations that provide affordable housing to their members. They require members to pay an annual membership fee and abide by a number of rules, including restrictions on the types of property that can be purchased by members.
The success of Top city Islamabad's housing societies suggests that this approach may be successful in addressing the country's high population density problem. If this proves to be true, it could have far-reaching implications for the way that cities around the world are designed and managed.
What is a housing society?
Housing societies are a type of cooperative, which is a type of business. They are built around the principles of mutual aid and cooperation, with their members sharing the costs and benefits of owning or renting property within the society.
There are a number of different housing societies in Islamabad, but most are run by private companies. There is no legal definition for what makes a housing society legal, but generally speaking, they must be registered with the Pakistan Real Estate Regulatory Authority (PRERA) and comply with certain regulations.
Most housing societies in Islamabad are made up of individual apartments or houses that can be bought or rented. They usually have common facilities like a pool, gymnasium, and gardens, as well as social events and activities for their members.
Some housing societies in Islamabad have been accused of being illegal because they do not follow PRERA's regulations. This means that they do not have a board or management committee that is registered with PRERA, they do not have an official seal or logo, and they do not have proof of insurance.
How do housing societies work?
Housing societies are a type of cooperative where residents own the building and share in its profits. They came into being in the late 19th century in England as an alternative to the overcrowding and unsanitary conditions that prevailed in urban areas. In Pakistan, housing societies were first established in Peshawar during the 1940s. The first housing society in Islamabad was established in 1961.
A housing society is registered with the Registrar of Cooperatives (ROC). The ROC provides a framework for cooperative governance and regulates member activities. A housing society must have at least 100 members and must be governed by a board of directors elected from among its members. The board sets policies and monitors member compliance with regulations.
The objectives of a housing society are to provide affordable homes for its members, promote social welfare, and develop cooperative relationships among its members. Most housing societies offer membership to all eligible persons, regardless of race or religion.
Housing societies operate on a leasehold basis, which means that members own the land on which their building stands but lease it to the society for a fixed period of time. Members can renew their lease or buy the property outright at the end of the term. Housing societies typically charge lower monthly fees than traditional apartment buildings because they do not have to pay utilities such as electricity, water, or gas bills.
Is Top City Islamabad housing society legal?
Map of Top City Islamabad housing society is a legal organization that deals in the sale and purchase of residential properties in the Islamabad area. It is registered with the relevant authorities and follows all regulations governing housing societies. Members of Top City Housing Society enjoy a wide range of benefits, including cheap prices for property purchases, access to exclusive discounts and special offers, and regular updates on new properties available for sale.
What are the benefits of being a part of a housing society?
The benefits of being a part of a housing society are numerous. First and foremost, it provides you with stability in your life. You can count on society to provide you with a place to live that is safe and secure. Additionally, many societies offer their members other amenities such as recreational facilities, gardens, and even social events. Finally, keeping up with the routine requirements of membership can be eased by the fact that most societies have an established bureaucracy that takes care of everything for its members.
Are housing societies legal in Islamabad?
There is no definitive answer to this question since the legal status of housing societies varies from one jurisdiction to another. In general, however, most housing societies in Pakistan are considered illegal.
The Karachi High Court in 2011 declared all housing societies illegal in the city after finding that they were operating without proper approvals and licenses. The court ordered the authorities to dissolve all such societies and hand over their properties to the government.
Similarly, the Lahore High Court has also issued several notices to various officials asking them to take action against illegal housing societies in the city. In March 2016, for example, the court directed the Punjab Board of Revenue (PBR) to confiscate properties belonging to an illegal housing society located on Kohat Road.
Given these judgments, it is safe to say that housing societies in Islamabad are not legally permissible and anyone found operating one can face dire consequences.
The Rules and Regulations Applicable to the Housing Society
The Housing Society Regulatory Authority (HSRA) is the regulatory body for housing societies in Pakistan. The HSRA has established certain regulations that must be followed by housing societies when they are operating. These regulations cover a variety of topics, including the establishment of rules and regulations governing membership, management, and operation of housing societies; the appointment and removal of officers, directors, and employees; and financial oversight.
The HSRA also has specific rules that must be followed when advertising or selling homes in an urban area. These rules stipulate minimum requirements for advertisements, including the use of legible typefaces, correct spelling and grammar, accurate information about properties being offered, and a picture or logo representing the housing society. In addition to these general requirements, advertisements for houses located in gated communities must include information about the security measures in place in the community.
In order to operate legally as a housing society in Pakistan, each organization must comply with all applicable laws and regulations. This includes complying with any restrictions that may have been placed on it by the HSRA. If you are interested in starting or owning a housing society in Pakistan, it is important to understand how these regulations work and what penalties may be imposed if you violate them.
What are the risks of living in an Islamabad housing society?
The risks of living in an Islamabad housing society are numerous and varied. The quality of the construction, the safety measures in place, and the enforcement of governing laws all vary from society to society. There have been numerous reports of landlords cutting off water supplies, forcing tenants to pay exorbitant rents, and harassing and even violence against tenants by security guards.
If you are considering moving into an Islamabad housing society, it is important to do your research first. Make sure to contact local government officials and agencies who can provide information about the safety conditions in each specific society. Ask for referrals to reputable inspectors who can check the quality of construction and enforce governing laws.
Conclusion
In short, the answer to this question largely depends on the specific housing society in question. If the society is registered and has all the required licensing and permits, then it is generally considered to be legal. However, if there are any discrepancies or violations, then authorities may take action against society.
