{"id":83454,"date":"2020-03-04T11:24:38","date_gmt":"2020-03-04T11:24:38","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=83454"},"modified":"2021-01-15T07:51:23","modified_gmt":"2021-01-15T07:51:23","slug":"digitization-land-records-pakistan-fbr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/digitization-land-records-pakistan-fbr.html","title":{"rendered":"FBR\u2019s Digital Survey of Immovable Properties \u2013 Is it A Good Omen for Pakistan\u2019s Real Estate Sector?"},"content":{"rendered":"\n

In This Post:<\/strong>
Benefits of digital land records
<\/a>FBR’s digital survey<\/a><\/p>\n\n\n\n

UPDATE: (Jan. 16, 2021): Prime Minister Imran Khan said digitisation of land records was vital for the assessment of people\u2019s residential requirements during a meeting of the National Coordination Committee on housing, construction and development.<\/em><\/p>\n\n\n\n

Naya Pakistan Housing Authority chairman retired Lt Gen Anwar Ali Haider updated the premier on the performance of the provinces in this regard while the provincial chief secretaries revealed all the measures taken to move towards digitisation of land records.<\/em><\/p>\n\n\n\n

The prime minister highlighted how the availability of digital land records would help the real estate sector in terms of planning and tackling \u2018land mafia\u2019.<\/em><\/p>\n\n\n\n

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Backed by the recent wave of digitisation in Pakistan<\/a>, the Federal Board of Revenue (FBR), quite recently, announced to conduct a digital survey of all the immovable properties situated across the country. As per the official statement, this digitisation of land records will help the government in two ways: to trace undeclared assets and to tap the hidden potential of Pakistan’s real estate sector.  <\/p>\n\n\n\n

Keep scrolling to find out how the FBR plans to conduct this survey and uses digitisation to resolve land record issues in Pakistan. We will also mention the duration of the digital survey, and how the FBR\u2019s property valuation will transform the future of Pakistan\u2019s property market. <\/p>\n\n\n\n

As per usual, we will begin with understanding the meaning of digitisation in the real estate sector and the many benefits attached to it.  <\/p>\n\n\n\n

Let\u2019s get digital! <\/p>\n\n\n\n

Digitisation of Land Records \u2013 Meaning, Benefits, and More<\/h2>\n\n\n\n
\"Benefits
Pakistan’s real estate sector aims to go fully digital in upcoming years!<\/figcaption><\/figure><\/div>\n\n\n\n

Digitisation, as the term implies, will create digital copies of the records of immovable properties. As of now, only physical copies of the records exist, and these records are aimed at bringing the number of landowners of a particular region in black and white. As per Pakistan\u2019s property law, the documentation of urban land record management requires: <\/p>\n\n\n\n