Housing societies have historically attracted investors from Pakistan and Pakistanis living abroad because they appear to be a safer bet than other investment options.
But have you ever noticed that some housing societies are more well-liked than others? This is simply because they offer considerably superior amenities and facilities than the competition, which draws in residents.
If someone wants to make a short-term investment, they should invest in mature societies.
If they want to make a longer-term investment, they can invest in developing societies, but every housing society needs to have a few key amenities or qualities in order to attract investors.
Features of A Best Housing Society in Pakistan
It can be difficult to find a nice residential community. Furthermore, if you are a novice in this industry, there is a very real possibility that you will lose money to shady scams. Here are the characteristics of the ideal housing society in Pakistan.
Gated Community
Security is one of the key characteristics that individuals look for in a housing society. Gated communities have so become extremely popular over the past ten or so years.
In fact, the development of such projects is one of Pakistan’s fastest-rising real estate trends.
In Pakistan, gated communities are elite neighborhoods that are typically enclosed by a fence or a boundary wall.
Each point of entry and exit is watched over by trained personnel. Such housing societies limit the number of outside visitors by only allowing approved residents and guests to enter the grounds, in addition to offering the inhabitants 24-hour security.
These limitations do more than just safeguard the locals against thieves and other criminals. However, they also significantly contribute to lowering the amount of traffic on the society’s highways.
Furthermore, residing in a gated community offers inhabitants peace and solitude. Additionally, they provide a safer environment for kids.
Underground Electricity
The benefits of overhead wire are considerably outweighed by those of subsurface electricity. You must have an underground electrical system in your housing society.
This will guarantee a better electrical system. This is because it is anticipated that the subsurface electrical infrastructure will endure longer than the overhead wire.
Additionally, they are simple to maintain because they are not exposed. They are also protected from natural disasters.
Therefore, you should without a doubt search for an underground electrical system in your perfect housing community.
Location of The Housing Plan
When purchasing a house or choosing a housing development to reside in, location is the most crucial consideration.
Due to the high demand for real estate in desirable areas, numerous purchasers are always drawn to these properties.
Therefore, it’s crucial to pay attention to a housing development’s location. It is best to live in housing developments that are close to city centers, good road and transportation connections, shopping districts, schools, colleges, universities, and hospitals.
Legal Endorsements
Any housing project needs to be explicit in its legal standing. Every city has a corresponding development agency that approves these developments.
For instance, the bodies that grant final permission include the Lahore Development Authority (LDA), Capital Development Authority (CDA) in Islamabad and the Rawalpindi Development Authority (RDA) in Rawalpindi.
To preserve the security, safety, and caliber of development, they keep check and balance on a number of elements.
Security
Nobody wants to jeopardize their safety. Installing as many CCTV cameras and security guards as feasible is only one aspect of security. The housing society must always be equipped to handle any potential natural disasters.
Buildings need to be made in a way that makes them earthquake-resistant. It is necessary to gather all visitor logs in order to anticipate any suspicious conduct.
Green and commercial areas
It is important to find out if there are any nearby supermarkets, bakeries, open markets, shopping centers, and other commercial establishments, as well as hospitals and health facilities, since this makes life easier and eliminates the need for travel.
The existence of schools, language centers, and other educational opportunities is significant for parents of school-age children. A local park is a benefit for individuals who enjoy walking outside with kids or exercising.
Infrastructure and Planning
In Pakistan, successful housing societies should have good infrastructure, careful design, and attention to detail.
Modern design, a network of broad and well-paved roads, and underground electric lines are some of the elements that increase a housing society’s appeal to buyers.
Additionally, a good sewage and sanitation system, green spaces and parks, cemeteries, parking spaces with signs, sidewalks and pavements, pedestrian overpasses, and much more.
A residential community is more likely to attract investors the better designed it is. It is a fundamental component of any housing plan.
In actuality, this is what attracts investors to a scheme. Additionally, individuals take into account the general separation between residential and business areas within a society.
Developer’s Reputation
The reputation of the developers is the most important factor to take into account while choosing any plan.
Actually, it reflects the entire quality of the housing program. To ensure that their investment is secure, buyers and investors typically advise investing in housing societies run by recognized developers.
Another thing to look at is the developer’s track record, as well as whether or not they have the necessary equipment, personnel, and funding. If the developer has previously kept his word on past projects, that will assist you assess their credibility.
Lastly, Educational Institutes and Hospitals
A healthy community needs hospitals and educational facilities to operate properly. In the event of a calamity, having access to hospitals within driving distance is essential.
Institutions of higher learning contribute to the improvement of a community. By informing individuals of their rights and obligations, they help to create a better community.