“Ownership” is not one thing in Pakistani property, and the differences matter enormously when something goes wrong. Before naming what you get here, it is worth being clear about the categories.
The three things people mean by owning
- Registered title to land
- What a plot owner has. Recorded in the revenue record, transferable at the sub-registrar, and the strongest position available. Nobody who buys a floor of a building has this over the land, here or anywhere else in Punjab, and any seller implying otherwise is misleading you.
- A registered instrument over a defined unit
- A document identifying a specific, defined portion of a specific approved building as yours, capable of being registered and transferred. This is the strongest position realistically available to a floor buyer in Punjab today.
- An allotment or agreement from a developer
- A contractual promise from the seller, not a property right good against the world. It depends on the developer continuing to exist and their own position holding. This is what many apartment buyers have historically held, and it is why the One Constitution Avenue buyers ended up where they did.
Which of those you receive here
Not published yet
The executed specimen instrument — the actual document a buyer signs and receives, with a sample completed and the schedule of the unit attached.
We would rather show you nothing than show you something indicative. This space holds the real document as soon as it exists — not a render of what it might look like. Waiting on: Central Point's legal counsel.
Ask us where this has got toWe are not going to name it on this page until the executed specimen is published alongside it. A promise about a document is worth nothing if you cannot read the document, and this website exists to argue that the difference matters.
If you are being asked to pay a booking amount now, ask for the specimen now. A seller who will not show you the instrument before taking money is telling you something.
What to ask your own lawyer
Your lawyer, not ours, and before any payment. These are the questions that decide whether the arrangement holds:
- Is this instrument registrable, and has the sub-registrar for this area registered one like it before?
- What exactly is the defined unit? It should identify a specific floor of a specific townhouse against the approved plan, not “a floor” in general terms.
- Does my position depend on the developer continuing to exist, or on any lease, licence or approval the developer holds? If yes, what happens to me if that fails?
- Are the common areas — stairs, roof, water tank, structure — defined in this instrument or only in a side document? A right that is not in the registered instrument is weaker than one that is.
- Can I transfer it without the developer’s consent once I have paid in full? If consent is required, on what grounds may it be refused?
- What happens to my position if the other two owners default, sell, or alter their floors?
What this instrument will not do
- It will not give you land. You cannot sell a share of the plot, build differently on it, or use it as a plot owner would.
- It will not make every bank lend against it. Lending against a single floor is a decision each lender makes, and some will decline.
- It will not give you a veto over your neighbours’ ordinary use of their own floors.
- It will not shield you from the fact that Punjab has no condominium statute. The instrument is written to be as specific as possible precisely because the general law is not.
Related
Who owns the stairs, roof and parking · How a resale works · Where Punjab law actually stands