I thought of learning about different aspects of Pakistan,
as I want to do something for it. Therefore, I started with some of the
well-known indices or reports that would help me in gaining more information
about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You
can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan
Now, I have been learning about real estate business in
Pakistan. I have started from Youtube videos and hopefully during my learning
Journey, I will get some more useful resources to move ahead in this learning
and perhaps entering into the real estate business.
I have seen a video, titled, “Open file and close file
difference | Open and close file checking method | watch full video” on the
channel “PROPERTY NAAMA”
The host discusses the difference between open file and
closed file, and which one is better. Open file is that file for which there is
no owner (like an unregistered car, or an anonymous file). These files are
purchased for short-term. They can not be claimed, if they are lost. Closed
files are those that have been transferred to your name (which have been closed
to your name).
Among these two files, which one is better? In case of open
files, if they are lost, you cannot easily claim them. Moreover, if a society
runs away or closes, claims of open files are weaker as compared to closed
files. Open files are also highly risky investments as they are for short-term,
for 2 to 3 months. If you want to purchase for long term, go for closed files.
Closed files are less risky and have higher legal value. Closed files can be
obtained in duplicate, in case of being lost. If the society runs away, you can
go to NAB or FIA and claim for your file. In case of open files, there are no
records in the government records. So, in case of closed files, government may get
ready to take responsibility of your files.
Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash
Sources:
PROPERTY NAAMA - https://www.youtube.com/watch?v=AdSRNWUn5co