{"id":59129,"date":"2019-12-27T15:28:25","date_gmt":"2019-12-27T10:28:25","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59129"},"modified":"2019-12-27T15:28:25","modified_gmt":"2019-12-27T10:28:25","slug":"rda-issues-investment-advisory-for-citizens","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rda-issues-investment-advisory-for-citizens.html","title":{"rendered":"RDA issues investment advisory for citizens"},"content":{"rendered":"<p>Rawalpindi: The Rawalpindi Development Authority (RDA) has advised local citizens against pursuing investment opportunities in housing societies declared illegal by the civic agency, according to a news report. It issued an advisory notice to this effect on Thursday, where it stated that any such investment would be at the buyer\u2019s own risk; indicating that the RDA would not be liable for the accrual of any losses.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rda-to-conduct-audit-of-approved-housing-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">RDA to conduct audit of approved housing projects<\/a><\/p>\n<p>The RDA particularly issued warnings against seven <a href=\"https:\/\/www.zameen.com\/news\/rda-demolished-illegal-buildings-encroachments.html\" target=\"_blank\" rel=\"noopener noreferrer\">illegal societies<\/a> that had not received their approvals from the body and were, in response, declared illegal. It stipulated that any scheme which does not have a No-Objection Certificate (NOC) from the RDA is illegal. Therefore, any marketing activity, advertisements, and development through marketing agencies, private limited companies and\/or civil proprietorships are also subsequently illegal.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rda-demolishes-site-offices-15-buildings-in-illegal-housing-societies.html\" target=\"_blank\" rel=\"noopener noreferrer\">RDA demolishes site offices, 15 buildings in illegal housing societies<\/a><\/p>\n<p>Accordingly, it warned the general public against these seven societies and also warned its sponsors to cease all marketing and development activities immediately to avoid legal action. Further, RDA Director General Ammara Khan has instructed the Metropolitan and Traffic Engineering (MP&amp;TE) Directorate to take strict action against all such schemes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: The Rawalpindi Development Authority (RDA) has advised local citizens against pursuing investment opportunities in housing societies declared illegal by the civic agency, according to a news report. It issued an advisory notice to this effect on Thursday, where it stated that any such investment would be at the buyer\u2019s own risk; indicating that the RDA would not be liable for the accrual of any losses. Read:\u00a0RDA to conduct audit of approved housing projects The RDA particularly issued warnings against seven illegal societies that had not received their approvals from the body and were, in response, declared illegal. It stipulated that any scheme which does not have a No-Objection Certificate (NOC) from the RDA is illegal. Therefore, any marketing activity, advertisements, and development through marketing agencies, private limited companies and\/or civil proprietorships are also subsequently illegal. Read:\u00a0RDA demolishes site offices, 15 buildings in illegal housing societies Accordingly, it warned the general public against these seven societies and also warned its sponsors to cease all marketing and development activities immediately to avoid legal action. Further, RDA Director General Ammara Khan has instructed the Metropolitan and Traffic Engineering (MP&amp;TE) Directorate to take strict action against all such schemes.<\/p>\n","protected":false},"author":58,"featured_media":24610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14678,6329,5552],"persona":[],"class_list":["post-59129","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-advisory-notice","tag-illegal-housing-scheme","tag-rda"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RDA issues investment advisory for citizens - Zameen News<\/title>\n<meta name=\"description\" content=\"Rawalpindi: The Rawalpindi Development Authority (RDA) has advised local citizens against pursuing investment opportunities in housing societies declared\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rda-issues-investment-advisory-for-citizens.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RDA issues investment advisory for citizens - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Rawalpindi: The Rawalpindi Development Authority (RDA) has advised local citizens against pursuing investment opportunities in housing societies declared\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rda-issues-investment-advisory-for-citizens.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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