Cooperative Housing Society – Expert View by Mr. Nasir Gondal
Mr. Nasir Gondal is a real estate expert. He has over twenty-three years of experience. He deeply understands Pakistan’s housing society system. He explains how the cooperative system started honestly. It was made to help people buy homes. The goal was simple – no profit, no loss. But over time, the system lost its purpose. Greed replaced honesty in many housing projects.
The Real Beginning of Cooperative Societies
When Islamabad was built, CDA took control. The Capital Development Authority planned beautiful organized sectors. Government employees got plots in G-6 and G-7. Later, bureaucrats received areas like F-6 and F-7. CDA worked very well in those early years. But around 1999, many departments made housing societies. They registered with the Chief Commissioner of Islamabad. These were made to serve employee housing needs. That is how the cooperative system started officially.
Rise of Cooperative Housing Societies
In 2004, real estate started to rise. CDA plots became very expensive that year. A CDA plot cost around twenty lakh rupees. But cooperative society plots were much more affordable. Prices were one or two lakh only. People could also pay in easy installments. This made cooperative societies more attractive for buyers. Mr. Nasir Gondal says people trusted these societies. They grew fast and developed many good areas. About twenty-five societies got proper registrations in Islamabad. Some stayed only on paper and never developed.
Structure and Working of Cooperative Societies
Mr. Nasir Gondal explains how societies operate fairly. All profits stay in the society’s main account. No person can use that money personally. Elections happen every three years without fail. A nine-member committee handles all important management work. It includes a President, Secretary, and Finance Secretary. They hold meetings and keep written official records. Members attend yearly general meetings for decision approvals. Thousands of people vote and share their opinions. Transparency was always the biggest strength of societies.
Problems and Corruption in the System
Later, corruption entered cooperative housing societies sadly. Many people joined committees for personal financial gain. Internal fights and management conflicts increased over time. These issues created long delays in housing projects. The system’s real purpose slowly disappeared completely. Several societies stopped working or lost investor trust. Private developers then entered with huge marketing claims. They promised “foreign-style” or “modern-style” housing systems. Investors got trapped by fake online promotions. Mr. Nasir Gondal warns everyone to stay careful.
CDA’s Role and Its Impact
As cooperative societies grew, CDA began interference. The Capital Development Authority reduced their operating powers. Many societies faced restrictions and project development delays. This hurt Islamabad’s real estate growth seriously. Private housing projects gained more public attention then. Still, Mr. Nasir Gondal supports the cooperative idea. He says it was built on complete transparency. Honesty and fairness were its foundation since the start.
Mr. Nasir Gondal’s Advice to Investors
Today, only a few CDA sectors are active. The property market is slow but offers opportunities. Mr. Nasir Gondal advises investors to act wisely. Always verify housing society registration and development status. Visit project sites before making any major payment. Check if management is active and responsible enough. Never rely only on social media marketing campaigns. Invest only where real development is clearly visible. A cooperative housing society can still succeed honestly. Transparency and trust can rebuild this strong system again.
Conclusion
Mr. Nasir Gondal explains everything very clearly here. The cooperative system began with honesty and fairness. Later, corruption and greed damaged its real purpose. Still, it remains one of Pakistan’s best systems. With honest management, it can regain its strength. People must learn and avoid past common mistakes. For expert guidance, visit nasirgondal.com today. Mr. Nasir Gondal will guide you personally there. He helps investors make safe real estate decisions.