Land Information Management Systems are a new front in Pakistan’s real estate sector. The traditional methods of management in real estate lead to a number of issues impeding the development of the real estate sector, and Pakistan’s true economic potential remains untapped.
The real capacity of Pakistan’s real estate industry can be unlocked by using contemporary technologies which will assist in addressing these issues. In order to regain consumer and investor confidence in Pakistan’s real estate sector, the nation needs a digital management system.
For this, the first step is to fully understand the concept of land information management systems and their role in real estate.
What Is a Land Information Management System?
All procedures involved in the real estate transaction and investment process are undertaken by specified individuals such as property agents, or law enforcement authorities.
However, all these processes undergo certain steps and measures which are taken into consideration to update and keep a record of all the property ownerships and processes.
Such a system involving all the work involved is known as the Land Information Management System.
It can be described as an enormous undertaking required to identify and classify each and every piece of property in a country, under the control of a single official authority.
This is done in order to provide the data needed, among other things, for instance, property taxation and the provision of land use data necessary for the creation of urban and regional development plans.
In Pakistan, three of the provinces; Punjab, Sindh, and Khyber Pakhtunkhwa, have digitized land records for the sake of convenience and ease in quality data recording and management.