- June 1, 2025
- Posted by: Muhammad Shehzad
- Category: Blogs
Plot is an asset and purchasing one is a milestone achieved for a home buyer or an investor. Whether you are purchasing a plot for an investment or a residential purpose; it is important to know the process from booking to possession. Before getting straight into the process, let’s have a little market review to understand why you should buy a plot.
Overseas buyers and local seasoned investors are usually hesitant in long-term investments in Pakistan. The main reason is the inflated property rates and complex procedures. However, the initiatives taken by the current government to increase transparency in real estate have brought back the confidence of the investors.
Besides, the government has also taken steps to ease up the property transfer. The broader perspective behind these initiatives is to bring back the investor to the market.
Secondly, the country is facing a huge housing shortage due to increased urbanization. To tackle the situation, the government is also putting efforts to provide easy housing solutions to citizens. Meanwhile, real estate developers have also come up with easy and flexible payment plans to make housing affordable for potential buyers.
Overall, it’s a win-win situation for potential buyers to benefit from policies by the government and private sector and build their own space or save the rental amount.
Everything You Need to Know about Buying a Plot | Booking to Possession
With all the efforts by the government and private sectors, the chances are high that real estate will boom in this decade. Also, there will be a rapid increase in property prices. So, it is high time to invest in a property. Maybe a plot? Here, we will guide you best about the plot-buying process, from booking to possession we got you covered.
Step 1: Do Your Research
Before heading straight into purchasing a plot, do a thorough market research. Search for credible developers and legally approved housing societies.
Besides, it is also important to analyze the plot prices, location accessibility, amenities, and future appreciation potential. Compare similar projects and look for customer reviews before finalizing a housing society.
Step 2: Choosing the Right Plot
Once you are done with research and shortlisting a society, then comes the selection of the plot. Based on your budget and personal preferences (size of the plot) you can choose the plot location (park-facing, corner etc.).
While choosing the plot, it is also important to look for the proximity to facilities like schools, commercial hubs, parks etc.
Step 3: Booking the Plot
Next comes the plot booking process. To initiate the process, you need;
- A copy of CNIC or NICOP if you are overseas,
- Passport size photographs
- Down payment of the total plot size
- and a filled plot booking form
You will get the plot booking receipt from the authorities upon submitting the form with the mentioned-above documents.
Also Read: Pine City Investment; Short Term Vs Long Term Returns
Step 4: Allotment & File Issuance
The developer will process your application and will issue a plot file or an allocation letter. It confirms your ownership rights in the selected plot. Files are of 2 types;
Balloted and Non-Balloted
The balloted files are when a plot number is assigned and the location of the plot is confirmed. Whereas, non-balloted plots are when plots numbers are assigned after the balloting process.
Step 5: Payment of the Installment
Most of the housing societies offer flexible payment plans spanning over 1-5 years. It is important to pay the installments on time and keep the receipts safe. Keep an eye on development updates.
Step 6: Balloting Process
Through manual or e-balloting, plot numbers are assigned. The plot number shows the location of the plot on the society’s map. You can verify your plot number from the society’s office or official website.
Step 7: Development Charges & Possession
Upon the infrastructure completion, the society management demands development charges. These charges cover utility connections, road construction, street lights, drainage, and sewerage. After completing these formalities you can apply for plot possession.
Step 8: Plot Possession letter
You can obtain the possession letter if all your dues are clear. Just submit a possession request form. You can start construction on the plot after getting the possession letter.
Step 9: Construcion Approval
Get your building plan approved and follow the society’s construction laws. Apply for the utilities connection.
Wrap Up
Understanding the full process from plot booking to possession is vital. It helps make informed decisions, avoid fraud, and stay ahead in your real estate journey. Always follow a legal and transparent process no matter, wherever, you are planning to buy a property.
FAQs
Q: How long does it take to get possession after booking a plot?
A: It varies by society, but generally ranges from 2 to 5 years depending on development speed and payment plans.
Q: What documents are needed for plot possession?
A: Paid installment receipts, CNIC (NICOP) copy, allotment letter, and possession request form.
Q: Is it safe to invest in a non-balloted file?
A: Yes, but only if the project is approved and has a good development track record. Always verify with authorities before buying.