Are you considering purchasing a property in Top city Islamabad housing society but are unsure about its legal status? With so many scams and fraudulent schemes out there, it's important to do your due diligence before investing your hard-earned money. In this blog post, we'll delve into the legality of Top city Islamabad housing society and help you make an informed decision about whether or not it's worth considering for your next real estate investment. So, fasten your seatbelts and let's dive right in!

The Top city Islamabad Housing Society

The Top City Islamabad housing society is a real estate development in Islamabad, Pakistan. The development was launched in 2016 by the company Top City Properties Limited. The company is registered with the Registrar of Companies (RoC) of Islamabad.

The Top city Islamabad housing society is a gated community comprising high-rise buildings with luxurious facilities such as swimming pools, spas, gyms, tennis courts and children's play areas. It has a total built up area of 100 acres and is marketed as an exclusive address for the elite class. Residents will enjoy world-class facilities such as 24/7 security, concierge services and manned helipads.

The project has been met with mixed reactions from many quarters. Many residents initially welcomed the project because it would provide them with much-needed amenities and increase property values in the wake of widespread inflationary pressures in Pakistan. However, others have raised concerns about the developer's lack of experience in developing residential complexes and their potential susceptibility to breaches in security.

The Rules and Regulations of the Housing Society

The Housing Society Regulation, 1988 is one of the fundamental laws governing all societies in Pakistan. The Regulations specify the objects and purposes of housing societies and also lays down the rules and regulations for their management. These include specifying the qualifications for membership, requirements for the election of members, powers and duties of officers, and regulations for transfers, regarding occupancy and use of property.

All housing societies are required to register with the Ministry of Housing & Works. Once registered, they must submit an annual report to the ministry detailing their activities. The registration process can be time-consuming and requires a high degree of compliance with regulations. In order to become a registered society, it is essential that:
1) The society has been established under a special statute or ordinance
2) All members have been duly elected according to law
3) Property has been acquired in accordance with law
4) Rules have been framed specifying the manner in which elections shall be conducted
5) A proper scheme of maintenance has been made out including provision for debt relief to members in cases of death or permanent disablement
6) The constitution or bylaws should provide for adequate financial resources enabling proper implementation of schemes approved by the board
7) There should be regular publication of minutes/proceedings/report etc. from meetings/general assemblies etc.

Is Top city Islamabad housing society legal?

Top city Islamabad housing society is legal and can provide good quality of life to its residents. The society has a well-defined constitution, which ensures that all its members are treated equitably. The society has a strict code of conduct that prohibits any form of discrimination. It also has a robust safety and security system in place to protect its residents from any form of crime.

How to join an Top city Islamabad housing society?

Joining an Islamabad housing society is a great way to get ahead in life. Most societies are legitimate and offer good benefits, including discounts on property prices and monthly allowances. You need to be careful, though, not to join a society that is illegal or fraudulent. Here's how to find the right one:

1) Research the different societies in your area. Make sure you read the membership requirements and rules carefully.

2) Check with your local government or law enforcement agency to see if any of the societies are illegal or unauthorized. If they are, avoid them!

3) Look for societies with a good reputation. Check online reviews and ratings to make sure you're getting the best deal possible.

4) Ask around for referrals from friends and family members who have already joined a society. They'll be able to tell you all about their experience there.

What are the rules and regulations for an Top city Islamabad housing society?

Top city Islamabad housing society is a type of housing society that allows its members to purchase land and construct a home on it. The society manages the property and oversees the maintenance of the residence. It also supplies basic amenities like water, electricity, and drainage to the residents.

There are a few rules and regulations that apply to an Top city Islamabad housing society. First, the society must be registered with the government. Second, the minimum number of members required to form the society is 50. And finally, every member must own at least one share of the society.

Conclusion

Top City 1 Islamabad housing society is a legal and licensed housing society. The license number of the housing society is A/53/2017-2018. All the members who have registered with the society are legally entitled to reside in the Society's residential premises.