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A plot is any specific piece of land where possession has been granted by the authority for construction or other usages.
A file refers to a specific area that has not been balloted, meaning possession has not been granted, and no construction can occur. There are many housing societies in Pakistan that offer plot files.
Balloting refers to allocating plot numbers in a specific real estate project. The market offers two types of balloting.
Booking Ballot – Projects are offered on an instalment plan, and applicants book their ballots.
Plot Ballot – A random draw in which each file is allotted a plot number.
A mutation is a verification record for transferring ownership of a property from one individual to another.
The term refers to the record of rights, a document maintained to determine and verify rights for immovable properties.
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A Tattima registry is a supplementary sales deed to be a verifiable document in transferring and owning property.
A conveyance deed is a document that verifies a shift in a property’s title from the seller to the buyer. This document is necessary to determine if the said property belongs to any builder, society, or authority.
Stamp duty is a government tax on the transfer of property.
Yes, overseas Pakistani are eligible for buying property in Pakistan. In most cases, this can be done without visiting the country.
`Yes, foreigners can own land in Pakistan. However, they must go through several legal procedures to become eligible for purchasing a property.