I have a 10 marla plot in bahria phase 8 block l rawalpindi. I have received original allotment letter from bahria office. My question is, do i need to also apply for possession? What are the pros and cons of receiving possession especially if i do not have any plans in near future to start construction?
Cash-straped Bahria is actively campaigning to get possession charges these days.
There is no harm in not taking possession specially if you don't plan to construct in a near future. If you want ro sell it, then it is better not to pay possession charges because you don't get those back.
The only down side is that after sometimes, Bahria starts penalizing you for non-construction.