Located in the vicinity of the New Islamabad International Airport, Graceland Housing Scheme is one of the housing projects that have attracted investors’ attention galore. Though a number of people funnelled their money into the project, a few of them failed to settle their accounts, because of which the developer has decided to take action against them.
The management of the society has given a final warning to these defaulters. A ‘Final Notice’ has been issued which states that despite multiple reminders, some of the allottees have not cleared their dues yet. So, the management has warned them to settle their accounts by August 31, 2015. Otherwise, their plots will be cancelled without the provision of a further grace period.
If you are concerned about the legal status of the society, rest assured the developer has obtained a no-objection certificate, Tehsil Municipal Administration (TMA) approval, and an Environment Impact Assessment certificate, as you can see below:
So, if you have not yet paid the instalments, you should reconsider because you cannot probably afford to have your allotment cancelled.
An official of the society told Zameen.com that the allottees had already been given possession of their plots in the Blocks A and B, adding that further development work was underway and the allottees in Blocks C and D would be handed over possession of plots in December this year.
In case you have further queries about the society in mind, please feel free to have a conversation with me in the comments section below.
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but they have to giv the possession in a few months,even for block A and B ..I just talked to them a few days back to get an update.(i hav a one kanal plot in block A).Sir,According to what is the fiture of this society from an investment point of view..and how long would it take?