When you have experience purchasing a plot in a housing society like Capital Smart City or Lahore Smart City, you come across the word “balloting.” The balloting of plots is a usual event that takes place in society to allocate the location of a plot to the members.
Balloting has been a smooth and transparent process to facilitate the members who have bought the plot files. Therefore, it is necessary for every user who is involved in real estate to know comprehensively about the balloting procedure.
What is a Plot File?
A plot file is a document that shows the ownership of a plot in any real estate project. The plot file includes the information about the payment plan, location, and your reserved plot. Moreover, the management provides a plot file with the buyer’s details on purchasing a plot.
A plot file is also important proof of the plot ownership until the possession is granted to the customer. Therefore, you must keep your file secure by sharing a copy of the plot file with your advisor or lawyer.
What is a Balloting Procedure?
A procedure of assigning the numbers to plots of customers is known as a balloting procedure. The balloting process is a milestone for every residential project to facilitate the members by allocating the exact location of plots.
The balloting of plots in Pakistan also involves random selection through the computer. The method of balloting in different societies can be different in accordance with the developers’ policies. The plot files are required to be submitted before the deadline after the announcement of balloting.
Balloting of Plots in Pakistan
The balloting procedure can become smooth and easy to follow when you know the factors involved. You can be involved in the balloting of plots in Karachi or any other city after the reservation of your plot.
Terms and Conditions:
It is crucial to understand the terms and conditions when participating in balloting plots in Punjab or any other region in Pakistan. The terms and conditions include the rules and regulations for submitting the plot files along with the charges.
Check Plot File Status:
When taking part in any private society or CDA balloting 2023, you ensure that your plot file is compatible with the payments and important documents. Moreover, you can check the plot file’s balloting status by visiting societies’ official websites.
Attend the Balloting Ceremony:
It is recommended to attend the balloting procedure physically. The balloting of plots in Islamabad allows the potential clients to experience fairness and transparency. Moreover, you will observe the selection of plot numbers randomly.
Get Ready for any Outcome:
Preparing for any result after participating in the balloting process would be best. It is optional that you get your favorite plot number.
Difference Between Balloted and Non-Balloted Plots
The main difference between a balloted and a non-balloted plot is that a balloted plot has an on-ground location, whereas a non-balloted plot, also known as a file, has no existence on the ground.
A balloted plot becomes more valuable than a file because it is an available property with a location rather than just a no-balloted in a file. Therefore, a balloted plot offers more profit than a non-balloted plot.
Terms and Conditions of Balloting of Plots
There are terms and conditions for balloting plots in societies, which can vary from one society to another. Every society demands that customers pay the outstanding installments to become eligible for the balloting process.
The housing societies also come up w/ith policies of paying a minimum of 50% or 60% to participate in the balloting process. Moreover, you need to pay 10% to 20% more than the minimum amount to select the location of your plot.
The balloting of plots is a significant process to ensure a transparent way for the plot allocation to the customers in societies like New Metro City Gujar Khan and New City Paradise. Therefore, this unbiased balloting procedure offers equal opportunities to the customers.Buying a plot file is the step towards participating in the balloting of your desired housing project. You can book your plot in different societies like Aiwa City Attock or Sialkot Motorway City with the help of Makaan Solutions.
A Comprehensive Guide to Balloting of Plots in Pakistan
If you want to know about A Comprehensive Guide to Balloting of Plots in Pakistan, contact Makaan Solutions. Our Sales Executive Officer will provide you with all the latest information. Starting from consultation to choosing the property, and from booking to owning your dream property. For further details, please do not hesitate to contact on the below-given information: