Unfortunately, there is considerable fraud ongoing in Pakistan’s real estate market. People end up buying properties that do not belong to the seller, or the property does not exist. There have been instances where people bought plot files only to find out that no such plot exists. Whether the housing society is complicit in such cases is debatable. The only thing that we can recommend to prospective buyers is to conduct due diligence.
Regardless of the culprit, the housing authority does get a bad name. It is why they have decided to curb this menace. One such housing authority is Blue World City. Before discussing what they have done to avoid property fraud, let us give you a brief overview of this housing society.
Blue World City in Islamabad
It is located on the Islamabad-Lahore (M2) motorway and is a 20-minute drive from the airport. The society is designed to cater to local and international tourists. It has a replica of Burj ul Arab and Istanbul’s Blue Mosque. There is a 5-start hotel planned atop a hill with mesmerizing views. The area sits close to the CPEC Route, making it an ideal location for local and international businesses. The construction is in line with international standards, while road construction is per American Association of State Highway & Transportation Officials standards.
Major Attractions
- Night Safari
- Zoo
- Blue Mosque
- Horse Mascot
- Corporate Office Resembling Burj ul Arab
- Water Theme Park
Besides this, the society offers a dedicated living space for overseas investors. If you are not looking to buy a plot or a house, you can opt for world-class luxury apartments. There is also an option for country-farms offering privacy and a natural lifestyle.
Now, let us get back to our main discussion topic.
Blue World City File Verification System
As said earlier, Pakistan’s property market is marred by fraud. It results in negative publicity for the housing society. Blue World City offers an online file verification system, allowing prospective buyers to check if the property exists. It is an excellent initiative by Blue World City and will bring considerable benefit to the buyers. All you need to do is enter the required information, and it will confirm if the property is genuine.
Please click here to go to their online file verification system.
Suppose that you search the system against a file, and it shows ‘No Record Found’. What does it mean? The most likely answer is that the seller is trying to sell you a property that does not exist. In other words, the seller is trying to defraud you for your hard-earned money. However, before taking any legal measures, we recommend that you visit Blue World City’s corporate office and recheck the records.
It may be possible that the housing society has not updated its records, or there might be some other issue. Once you are completely sure that the property does not exist, you may initiate legal action. It is also your moral responsibility to inform the housing society that fraudsters are committing such actions. It will help Blue World City improve their verification system.
Conclusion
Undoubtedly, Blue World City has taken a step in the right direction to counter property fraud. Others still require manual verification, which can be challenging, especially if you are an overseas Pakistan. Irrespective of whether you are in Pakistan or abroad, you can avail yourself of Aura Properties’ File Verification services. We will conduct due diligence on your behalf and ensure that your hard-earned money is not wasted. For more information, reach out to our representatives. Thank You.
