IDEAS home Printed from https://ideas.repec.org/p/pid/kbrief/2024125.html
   My bibliography  Save this paper

Land Titles: A Missing Basic Elemental Of The Real Estate Market

Author

Listed:
  • Azwar Muhammad Aslam

    (Pakistan Institute of Development Economics)

  • Ahmed Waqar Qasim

    (Pakistan Institute of Development Economics)

Abstract

No titles to land in the existing land titling system therefore instruments in the contemporary system are not instruments of title and hence are not conclusive. Records of right are not instruments of titles only carry the presumption of truth Mutation since not part of the record of right, does not even carry the presumption of truth and is neither document of title. Transfer deed registration does not equate to the registration of title/right rather it just adds the element of presumption of truth. So, the contemporary does not provide titles to land and hence not a land titling system. Rather a land record management system that just registers the tools and records the rights transferred based on those tools. Multiple agencies are handling records pertaining to land and records keeping is just for revenue generation purposes. The system itself is outdated and has serious implications for the economy and society since land is not part of the economic transactions due to unclear and dubious property rights. Past transactions and transfer of rights are needed to establish the chain of ownership. Torrens is the only way forward, as it will provide title to land in a transparent and effective manner.

Suggested Citation

  • Azwar Muhammad Aslam & Ahmed Waqar Qasim, 2024. "Land Titles: A Missing Basic Elemental Of The Real Estate Market," PIDE Knowledge Brief 2024:125, Pakistan Institute of Development Economics.
  • Handle: RePEc:pid:kbrief:2024:125
    as

    Download full text from publisher

    File URL: https://file.pide.org.pk/pdfpideresearch/kb-125-land-titles-a-missing-basic-elemental-of-the-real-estate-market.pdf
    File Function: First Version, 2024
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pid:kbrief:2024:125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khurram Iqbal (email available below). General contact details of provider: https://edirc.repec.org/data/pideipk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.