Property scams are nothing new and have been going around for a long time. In countries like Pakistan, these scams are happening at a much alarming rate. While the government is trying its best to control this menace, buyers need to be aware too. They must ensure that any property they are buying has the required supporting legal documents. Unfortunately, many people invest their hard-earned money in housing societies and later find out that it is illegal.
If you are living in the twin cities, you need to check the Rawalpindi Development Authority (RDA) and Capital Development Authority (CDA) websites for legal/illegal housing authorities. They regularly update their website to let prospective buyers know about the legality of a housing authority. Housing societies like Ghouri Town (Islamabad Expressway), Gulberg Town (Phase-I & II) (Lehtrar Road) and Gulf Residencia (Lehtrar Road) are all illegal. Click here for the full list of all illegal housing authorities in Islamabad. For Rawalpindi, click here.
Silver City – A Modern Place of Living
It is quickly climbing the list of top societies in Islamabad and Rawalpindi for investment and living. It is located on Girja Road near Thalian interchange (M2 Motorway). It is near the International Islamabad Airport. It is a joint project of f Laraib Associates and Developers (PVT) Ltd. And the SAREMCO Group. Together, these two have set up multiple other housing societies.
Silver City – Legal or Illegal?
Many people are investing in Silver City and the developers are spending a good amount of money on marketing. But is the society approved? Yes! Silver City is officially approved by the RDA. It means that you can buy a plot in Silver City without fear of losing your investment.
Why Invest in Silver City?
There are several reasons that make Silver City a worthwhile investment.
1. Location
The property rates in main Islamabad and Rawalpindi are sky high. It means that it is challenging for most of the population to buy a plot here. A better option is to invest in the surrounding areas of the two cities. The society is ideally located near critical points such as the International Islamabad Airport which is only a 15-minute drive from the society. The M1 Motorway is also 15 minutes away. Silver City is easily accessible from Srinagar Highway.
2. Security
The society provides dedicated, round the clock security to its residents. As the community is entirely gated, you can rest assured that your life and property are well-protected.
3. Schools
You do not need to travel long distances to give your child a quality education. Silver City has plenty of top-quality schools and colleges available within the premises.
4. Water
Various sectors of Islamabad and Rawalpindi experience water shortages during summer months. Others have water shortage throughout the year. Silver City offers 24/7 clean water.
5. Advanced Sewerage System
The next big reason to invest in Silver City is its advanced sewerage system. You will not see sewerages overflowing or any other issue like that in any part of the society.
6. Different Plot Sizes
One of the standout points about this society is that it offers various residential plot sizes, including 4, 5, and 7 Marla. The commercial plot sizes are 3 and 4 marla.
