National Co-operative Housing Society (Ex Aiwan E Sadr)

Anybody got latest info regarding status of the society?

I have personally visited that place but not a good response from that side. As we have discussed before that management is not serious and providing right information. You will have to wait for some more time.

Http://www.ameradnan.com

Society has been in problems since 2004 as different groups were trying to grab control of the society. After last elections in 2013 a very proactive and strong management body has taken control. Since then, they have purchased additional land and secured sufficient funds through collection of installments to start development work.



My insider report says that NOC will be obtained in a few weeks. Society is also preparing for balloting probably after the NOC.



In my view if real estate market is not going to slow down, it is a very good small investment as you dont need to pay total cost of land upfront. Transfers are possible with down payment and two installments.

I have heard that they have built a site office at the land and are waiting for electricity connection and then will shift their office from Islamabad G6 to site. However I don't think that NOC will be acquired as mentioned above. Need to some development on the ground or NOC before investment.

I dont think that main office shifting is on the cards. That will take a while. You are right we need to see some development or NOC before investment but then prices will not remain the same with any of the news.



Frankly if a possible long wait is not a factor, getting 1 kanal for 570,000 + some profit is a steal in an area where 1 kanal open land is worth more than 20 lac.

I have heard they got clearance from revenue department.The CDA potwari has marked their land and aprx in 1 month or so they will get NOC...

Any further news?

I called the society yesterday and the same news NOC is coming soon nobody knows when....

Any further update on the NOC?

Can anybody tel me more about this Society.