Islamabad’s property market may be on the verge of a major overhaul as the Capital Development Authority has begun testing a new e-stamp system to digitize land records. This move aims to modernize the way property transactions and documentation are handled in the capital.
Under the pilot scheme the CDA will issue e-stamps for plot transfers, registrations and other land-related legal processes. The traditional reliance on paper documents and manual record-keeping will gradually give way to a streamlined, digital database that promises to reduce delays, paperwork and disputes.
If fully implemented the e-stamp system could bring major benefits for buyers, sellers and regulators alike. For property owners it means easier verification of ownership and clearer land-title history. For regulators, digital records will simplify audits, reduce chances of forgery, and increase trust in the real-estate sector.
Challenges remain however. Transitioning to a digital system requires technical readiness, training for staff, updates to legacy records and ensuring security of data. There may also be resistance from stakeholders used to the old system or those who benefit from paperwork delays.
Still, if the pilot succeeds, this reform could become a blueprint for other cities in Pakistan. Digital land records may help boost transparency, make the property market more efficient and protect citizens from fraud during property transactions.
Comments (0)
No comments yet. Be the first to comment!
Leave a Comment