What is meant by possession and open form plots in Bahria Town, what is transfer fee?
Hi Muhammad,
As far as my knowledge goes, open form is something that is being sold for the first. Generally open form plots are sold directly by the developers and are registered, rather than transferred, under the name of the buyer. Hopefully some expert would correct me if I am wrong.
Transfer fee is the service fee you have to pay to the company which handles the transfer of the property. Possession, in the simplest of words, is qabza. Hope that explains it all.
Thanks Nafees. Could you please explain whether or not we have to pay the transfer fee for open form or possession type plots?
Transfer fee is something you have to pay if you are buying property that will be ‘transferred’ to your name. So that is to say that whenever there is a ‘transfer’ there will be a transfer fee.
A.A,
You are confused on open form, as the word open show not be fix with anyone but in possession the plot is moonshine.