One of the best investment plans of this age to invest in property as it is a definite investment plan with better money back but one must keep that thing in mind that investment in property is a long-term investment like one must have to be patient for like 5years at least to avail the targeted benefit. People also invest in property for like 10 years but this time span is more than enough to have better money-back from your investment.
One must have complete knowledge of every terminology in Real Estate while investing his money here. To educate our visitors we have devised a list of property and real estate-related questions which is frequently asked by naive people who have no knowledge of real estate and want to invest in this business.
What is the file in the real estate business?
An area where balloting has not been done yet and there is no construction process is going on while no one has the possession and construction can be started anytime soon
What is the plot?
A plot is an area with physical possession governed by the authorities.
What is a society in real estate?
A society in Real Estate is a well-planned area with every facility like
- Linking road network
How to verify either society is legal or not?
One must have to check the credibility of the society he/she is going to invest in as it is approved by SECP (Security and Exchange Commission of Pakistan) and is it approved by the respective authority like LDA/ GDA/ CDA/ FDA/ MDA etc.
What is meant by balloting in Real Estate?
The balloting in Real Estate is meant by the process of allotting plot numbers to the people who have done the booking process.
What is considered to be the best location of the plot in Real Estate?
The best location of the plot is considered to be the corner plot, the plot facing the main boulevard, facing an amenity like a park or school, and whatever one can buy according to the budget he/she has.
The difference between short term and long-term investment:
There are two types of investments considered in the Real Estate business, one is short-term and the other one is long-term.
Short-term investment is the one which is going to give you the profit in near future like in 1, 2 years and talking about the long-term investment it that kind of investment will give you the required profit in 3years or more. It depends on the completion of the project by the builders and some other factors like the flow of the residents to that project.