Before investing in a project, you should keep an eye out for newspaper warning announcements by local authorities against projects that are not approved. Usually, these local authorities have a list of approved housing companies, as well as lists of unapproved housing programs. You can also visit the local government office and check the program before investing. Before investing / buying land / house / business in a company, you should consider the following:
1- Is the housing company registered with the Securities & Exchange Commission of Pakistan (SECP) or the Department of Cooperatives?
2- Is company land transferred to the company name in the income register?
3- Does the housing company have a valid NOC from local development authorities (LDA / CDA / GDA / MDA / FDA according to the approved card?
4- Has the Housing Society made provision for development work such as water, gas, electricity, and sanitation, etc. on the site?
In general, Ballot means “to decide on the allocation of something to the candidates by drawing lots”. There are now two types of voting in the Pakistani real estate market in general:
The ballot means when a project is proposed on an instalment plan and people ask for the reservation and the ballot for the successful and unsuccessful candidates, called Booking Ballot
Plot Number Ballot means a draw in which the numbers assigned to each beneficiary in relation to his file, in other words, Card issued with parcel numbers.
A project that will be delivered in the next 1 or 2 years can be treated as a short-term investment, while a project that will be delivered in the next 2 or more years will be a medium or long-term investment, respectively, according to the calendar.
Real estate investment is always fruitful and cannot become a loss if you hold the power. People have been investing in real estate for centuries.
The file is an area that has not yet been voted or which has been voted on the ground or not on the ground, and possession, where construction can be started immediately, is not granted by the builder/developer/authority.
This varies from project to project and at the project stage. However, as a general rule, we should have in mind the following timetable for real estate investment after the purchase / of the plot / of the house / of the business to obtain a certain return.
It can take:
Minimum: 1 year
Reasonable: 3 years
Sufficient: 5 years
Pretty: 10 years
Residential investments are for personal or individual life and commercial investments are for businesses or income.
Yes it is always good to consult an agent or dealer to buy a plot. because it can guide you in a good way.
Following are the best place to buy plots in Islamabad Blue World City Islamabad Capital Smart City, Khanial homes, Park View City, DHA Islamabad, Gulberg Islamabad, and University Town Islamabad.
With every passing day Islamabad has been considered ideal for real estate and property dealing. Islamabad is the capital of Pakistan and known for its breathtaking scenic beauty and Eco-friendly Environment.
Talking about the affordability of the plots the answer is absolute yes. The real estate is affordable and available in the approachable range for all the residents of Islamabad.
Consulting a good real estate advisor is the wise decision you will ever make. A good real estate advisor guides you in every way and ensures its availability in each step of real estate matters.
Buying property is beneficial in many ways. It is your one step further towards your dream home. It is the assurance to invest your money in the right direction and secure the place for your homeland.
Installment plan is a strategic plan that has been introduced for the feasibility of its investors belonging to all categories of society, making it an ideal place and most suitable for investing your savings in.
Here are some key documents required to transfer your own property to a friend, acquaintance, or family member as a gift:
Original award letter.
Property tax discharge certificate.
CNIC photocopies (certified) Declaration recorded before the deputy director concerned with his official seal.
A real estate agent is someone who helps people buy or sell a house or real estate. Real estate agents are employed around the world because the need to buy and sell homes and property has always existed and will continue to do so. It is a good deal if you are honest and loyal to your customer
A real estate agent helps clients buy, rent, or sell properties. They advise clients on market conditions, carry out step-by-step visits and provide advice and assistance throughout the buying, selling or leasing process
Fard Malkiat also known as (Registry of Rights / Jama Bandi / Misal Haquiat / Registry Haqdaran-e-Zameen) maintained for the determination / registration of various types of rights in real estate.
The transfer is a document containing an order from a revenue officer; who must be at least a grade III assistant collector, whereby an entry in the rights register must be modified, modified or transferred in the income register.
A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments and other physical features.
No, the mutation is not a title document.
The register sale act (Register / Baye-Nama) is a document that creates a title to real estate.
Deed of transfer or act of sale is a notarial act by which the title of ownership is transmitted by the seller to the buyer. Transfer is the act of transferring ownership of the property from a seller to the buyer. A notarial deed will help you determine if the property you are buying is on land owned by a development authority, a company, or a builder in which the property is located, as the case may be.
You can get the documents for your house or the title deeds from the office / department through which the title of the house was conferred or transferred.
Among the laws dealing with real estate in Pakistan are the 1882 Land Transfer Law, the 1967 Land Revenue Law, the 1899 Stamp Law and the 1908 Registration Law.
Yes, foreigners can buy property in Pakistan but after completing all the legal formalities.
Succession laws in Pakistan depend on religious affinities, personal Muslim laws for Muslims and people other than Muslims on their personal laws.
The transfer in the case of real estate with a value of Rs 100 / – and upwards can only be made by a registered deed of sale.
Yes, without coming to Pakistan, an overseas Pakistani can buy property in Pakistan.
Any act confirming the transfer in your favor, i.e. act of sale, letter of award and certificate of sale.