Post 19/30: Types of Housing Societies – Real Estate

 

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I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Types of housing societies | difference between NOC AND REGISTRATION | REAL ESTATE GUIDE” on the channel “PR TV”

In the video, the host talks about different types of societies. There are three types of societies. One is cooperative housing societies; second is private limited, and third type falls under the category that is under the governance of some body or trust. These three housing societies have different procedures for registration. However, NOC has to be taken by all these societies.

The host discusses more about cooperative societies. Cooperative societies are registered in cooperative houses. These societies are often initiated by some particular institutions. For example, WAPDA town. WAPDA started this initiative in 1980s to give benefits to its employees. For registration, Cooperative registrar websites can be checked for rules that can vary in different provinces. Usually, membership is provided in the start and then land is acquired by customers. Then the institute gets awareness of how many people will purchase, and then on easy installments it provides property to the employees.

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Sources:

PR TV - https://www.youtube.com/watch?v=1TLF8poPP7Y