Bookings to be launched in Fazaia Housing Scheme Karachi

The management of Fazaia Housing Scheme Karachi has put up hoardings in various cities to hint at the upcoming bookings that it intends to launch soon. A lot of people might have found it confusing, as the developer had already launched a registration campaign to get interested people on board as members.

You must note that registration and booking are two separate processes. Fazaia is set to launch bookings for the project to sift out genuine buyers. According to an official source, the bookings will be launched in the last week of August and details of the process will be advertised in newspapers.

We have also learnt that the developer requires interested buyers to make down payments at the time of booking. Only those who will make the down payment will be eligible for balloting.

Please also note that should you will fail to win an apartment in the balloting, the developer will refund your money within a week, per the official source. The developer will send letters to the members (who did not apply for open registration forms) to provide them further details about the upcoming booking process.

Fazaia has not unveiled an official balloting date yet and any information floating around in this regard should be deemed a rumour as of yet.

In my personal opinion, Fazaia Housing Scheme Karachi has taken a good initiative to sift out genuine buyers from others, who are in the game to earn short-term profits and have purchased registration slips in bulk to manipulate the market. Since the trading of booking forms is a lucrative business, maybe it’s good that Fazaia has taken this step.

If you are a genuine buyer and plan to own an apartment in Fazaia Housing Scheme Karachi, you need to wait until the developer begins the booking process. And if you need further information in this regard, please feel free to have a conversation with me in the comments section below.