Rudn Enclave’s Forms: RAIV, RDDF, RSF and RSF Plus
Housing societies across Pakistan, particularly in Islamabad and Rawalpindi, have increasingly adopted the use of registration forms and discount vouchers over the past couple of years, especially after the market downturn in 2022. Be it Blue World City, Kingdom Valley, Nova City, or Rudn Enclave, these discount vouchers have proven very successful, helping housing schemes to collect payments while allowing members to enjoy substantial discounts.
The trend continues, with Rudn Enclave being one of the prominent housing schemes to adopt this “forms culture.” Starting with the Rudn Advance Installment Vouchers (RAIV) in 2022, the society later launched the Rudn Development Discount Forms (RDDF) in early 2024. Soon after, Rudn Surprise Forms (RSF) and Rudn Surprise Plus (RSP) were introduced, both of which are currently being traded actively in the market.
In this article, we will discuss the utility of these different types of forms and provide insights on whether investing in them might be a wise choice for you.
RAIV Forms
The Rudn Advance Installment Voucher (RAIV) has been Rudn Enclave’s most successful offering, which has helped the society collect billions of rupees from members against installment payments. Many members choose RAIV forms for paying installments, as they provide a substantial discount on total dues.
Key Points to Know About RAIV Forms
- RAIV Forms can only be applied toward the land cost.
- RAIV Forms can be used in General & Executive Blocks.
- They can be used to cover up to 75% of the total land cost in Executive Block & up to 50% of the total land cost in General Block.
- RAIV Forms do not have an expiration date, so they can be purchased and held for future use.
- Each RAIV form has an adjustment value of PKR 25,000.
- The market price of RAIV forms fluctuates based on supply and demand.
- Discounts on installment payments range from 20% to 40%, depending on the prevailing market rates of RAIV Forms.
Advice on RAIV Forms
Since RAIV forms offer a significant discount on due payments, it is advisable to utilize as many RAIV forms as possible. If needed, you can even exceed the specified limit with official approval from Rudn Enclave’s management or through our assistance.
RAIV prices have historically fluctuated significantly, with periods of low demand when prices drop considerably. This can present a good investment opportunity for those familiar with the forms market; by purchasing RAIV forms when prices are low, investors can potentially earn good return when demand picks up again.
RDDF Forms
Rudn Development Discount Forms (RDDF) have been introduced to help and encourage members in paying their development charges. Since most Executive Block members are still settling their land costs, except those seeking early possession of their plots, RDDF forms are not typically traded in the market. However, members who wish to pay their development charges can purchase these forms at the current market rate and enjoy discounts of up to 10% on their dues.
Key Points to Know About RDDF Forms
- RDDF Forms can only be applied toward the development charges of the Executive Block.
- Each RDDF Form has an official value of PKR 20,000.
- Up to 75% of the development cost can be covered using these forms (as per the current policy).
- Members can typically save around 10% on development charges by using RDDF Forms.
- RDDF Forms have no expiration date, allowing them to be purchased and held for future use.
- RDDF Forms are rarely traded in the market, making them a controlled product with limited price fluctuation.
Advice on RDDF Forms
RDDF offers a worthwhile discount on development charges, so it makes sense to use these forms to the maximum allowed limit. However, RDDF forms are not ideal for investment, since their price hardly changes and there is little trading in the market.
To maximize savings, it’s best to use the full allowed limit (75% under the current policy) of RDDF forms to clear your outstanding development charges. Previously, the RDDF limit was 100%, providing a 10% savings on total development charges. Currently, the limit is set at 75% until December 5, 2024, after which it may decrease to 50% or even 25% of development charges.
RSF Forms
Rudn Surprise Forms (RSF) is a recent offering from Rudn Enclave, initially launched at PKR 15,000, while the official value was set at PKR 75,000. This created an opportunity for investors to earn a quick profit of up to 100% on their investment from the very first day the physical forms were issued. Since then, RSF forms have been consistently trading in the market at around half of their official value.
Key Points to Know About RSF Forms
- RSF Forms are currently trading well below their official value, with market prices ranging from PKR 32,000 to 35,000.
- The official adjustment value of each RSF form is PKR 75,000.
- While the exact use of RSF forms is yet to be announced, it is expected that their adjustment value could exceed the official value.
- Currently, the only option for RSF forms is to trade them in the market until the policy is officially announced.
- Once the policy is in place, RSF forms could offer significant discounts to existing members of Rudn Enclave.
- They are likely to be adjusted against installments for the Overseas Block.
- RSF forms don’t expire, so you can buy them now and hold them for future use or trading.
Advice on RSF Forms
Since RSF Forms currently have no adjustment policy, it is advisable to refrain from investing in them unless you are an active investor in Rudn Enclave with a solid understanding of the forms market, or you own plots within the housing society.
If you’re an investor, it’s crucial to keep track of any updates and announcements from Rudn Enclave regarding RSF. Staying informed will help you find the best times to buy or sell RSF Forms, so you can take advantage of opportunities and make a good profit.
If you own plots, particularly in the Overseas Block, it may be worth purchasing some RSF forms for future use. Once the policy is announced, you will likely be able to adjust these forms against your payments, potentially saving a significant amount through adjustment discounts.
RSPF Forms
After generating considerable market buzz for RSF forms by engaging hundreds of dealers and investors across Pakistan, Rudn Enclave introduced its premium offering, the Rudn Surprise Plus Forms (RSPF).
This launch offered an added bonus for investors, who received a 7-marla residential plot in the developed area of Executive West sector, along with a few RSPF forms. These plots provide excellent value for money, while the RSPF forms have also proven to be beneficial. Initially priced at PKR 25,000 with an official value of PKR 100,000, these forms are now actively trading in the market for around PKR 50,000.
Key Points to Know About RSPF Forms
- RSPF Forms have an official value of PKR 100,000.
- Currently, RSPF Forms are selling for about half of their official value.
- The adjustment policy for RSPF Forms has yet to be announced by Rudn Enclave.
- RSPF Forms are actively trading in the market alongside RSF Forms.
- The adjustment for RSPF Forms could exceed their official value of PKR 100,000.
- Together, RSPF and RSF Forms could offer maximum benefits to investors, according to official claims.
Advice on RSPF Forms
As with RSF forms, it’s recommended to invest in RSPF forms only if you’re an active investor in Rudn Enclave or own property there. Engaging in forms trading without sufficient knowledge can lead to financial loss, so it’s important to proceed with caution.
If you’re an investor, you may want to consider purchasing both RSF and RSPF forms and monitor market developments closely to take advantage of profitable opportunities. If the actual adjustment surpasses expectations, as Rudn Enclave claims, there could be significant benefits to investing at current rates.
Additionally, if you own plots in Rudn Enclave, buying a few RSPF forms now and holding them until the official policy is announced could result in substantial savings on your due installments.
Guidelines for Rudn Enclave Form Buyers
If you decide to purchase any of the forms mentioned above, here’s what you need to do:
- Purchase forms only from authorized, reliable sources (like Manahil Estate) to avoid fake forms.
- Obtain a proper receipt from the agency selling the forms.
- Ensure the forms have the authorized agent’s stamp.
- Verify the authenticity of forms by personally visiting Rudn Enclave’s Head Office or online through Rudn Enclave’s official website.
- Keep track of market fluctuations and official policies related to the forms.
- Consult with expert agents to stay informed about market news and trends.
- Make buying or selling decisions based on rational analysis, not exaggerated claims by agents.
- Don’t hold onto the forms for too long; sell at the right time to avoid potential losses.
Final Remarks
Like any other investment, these discount/adjustment forms can be profitable if you know when and how to trade them. Their prices fluctuate frequently due to factors like supply and demand, as well as policy announcements, so it’s important to monitor the market closely to make informed decisions.
Since forms like RAIV, RDDF, RSF, and RSPF are relatively inexpensive to buy, it’s worth taking a small risk only after fully understanding the forms market. If you don’t have the time to track market developments, you can consult with property experts (like Manahil Estate) to help guide you through these opportunities.
If you need more information on these forms or other opportunities in Rudn Enclave, such as High Point Commercial, developed plots on installments in the Executive Block, or fresh bookings in the Overseas Block, feel free to contact us via WhatsApp at 03455222253 or 03330166670 for assistance.
