Investment Guide for Overseas Pakistanis in Real Estate
This article will share a complete investment guide for overseas Pakistanis in real estate.
Pakistan’s real estate sector is the top growing industry with a fruitful outcome for investment. Like the other segments of the society, overseas Pakistanis, who are the driving force behind sending billions of dollars in remittances to Pakistan annually, are always keen to invest in Pakistan, especially in the real estate sector. However, they can’t step forward to make their dreams a reality due to their lack of knowledge. If someone tries to make a fortune change, he falls prey to some real estate agents’ dubious and deceptive lobbies. Therefore, the result is that his investment sinks, and he gets bankrupt.
In your case, if you are an overseas Pakistani and want to invest in Pakistan’s real estate sector, we are here to give you an investment guide to invest in real estate and make your future secure.
Several things need to be considered before investment. However, as we give a complete investment guide for overseas Pakistanis in real estate, you need to read this article with your eyes open.
An investment guideline for overseas Pakistanis in real estate
Following is the explicit and clear guideline for overseas Pakistanis to invest in real estate.
Find your niche
The first thing you need to consider before stepping into the hot water of the real estate is to ask yourself a straightforward question, “Where do you want to buy the property; in a housing society or someone’s property.” When you think about a property, you need to move toward the other steps.
A complete investment guide for overseas Pakistanis in housing societies
In housing societies, there are several things you need to consider before embarking on investment. For that purpose, read the following.
The legal status of the housing society
it would help if you found out the legal status of the housing society. Suppose a housing society falls under a municipal authority like Lahore Development Authority (LDA), Rawalpindi Development Authority (RDA), Capital Development Authority (CDA), Peshawar Development Authority (PDA), and Karachi Development Authority (KDA). In that case, you need to visit the office of the concerned development authority and check the legal status. You can also make sure of the legal status of a housing society by visiting merely the website of CDA, RDA, LDA, etc.
Development status of the society
Remember, being an overseas Pakistanis, you are not aware of the ground realities of a housing society. Therefore, don’t trust the rhetoric about a place you have not checked yet. The best advice or help you can seek from is a friend in Pakistan. It would help if you asked him to provide the ground reality of a housing society. Suppose the development work is in total pledge; better to invest. In contrast, if the housing society has no development work, better to avoid it.
Park View City and Capital Smart City have a more significant setup for overseas Pakistanis in the shape of Overseas Block.
Track record of the housing society
If society has started the balloting of the plots, you need to invest in it. If there are still no indications of the balloting or giving possession of the plots, you need to ignore it and seek a better place for investment.
Papers required for overseas Pakistanis to invest in real estate
Following are the papers required for overseas Pakistanis to invest in real estate and earn a good profit.
A copy of your passport (valid passport, not an expired one)
A CNIC copy (not an expired one)
Six passport sizes photos (subjected to the demand and requirements of the concerned housing society).
Fresh photocopy of Pakistan’s departure stamp.
A photocopy of a foreign country’s entrance stamp.
Next of kin name
Note: all these documents need to be verified by the concerned authorities.
Investment guide for overseas Pakistanis in property
The terms and conditions for buying a property from an individual are slightly different. For that purpose, you need to consider the following things.
Hire a legal service consultant
As you are out of the country and you are not in a position to visit Pakistan to buy someone’s property. Therefore, the best possible thing you need to do is hire a consultant who will review the following things to ensure no fraudulent or scams on the property.
The property you want to buy has its papers, and there is no other claimer of the property. The property belongs to one person, and that person is the one you are making a deal with.
The property seller has possession of the property both on paper and on the ground.
The property is clear, and no dues are left on the owner’s behalf.
The property seller must hand over all the legal and ownership documents of the property to you or your agent.
Most Popular Areas with Houses for Sale in Karachi
This article will share the most popular areas with houses for sale in Karachi. Karachi, the largest city in Pakistan and the twelfth biggest city globally, is home to more than 15 million people. According to an estimate, the total area of Karachi is 3780 sq km making it one of the biggest cities in terms of land globally. Although, the living standard in most of Karachi is not up to the standards. However, there are still some places, in fact, top-notch places, where one can live life to the fullest extent. This article will share the data of those housing societies that are best for living and the best in terms of cost-effective criteria. Therefore, read the article until the end to get pure data about Karachi’s most popular areas with houses for sale.
Best places with houses for sale in Karachi
Following are the best places with houses for sale in Karachi
Bahria Town Karachi
When one talks about the best place to live in Pakistan, he can’t ignore the name “Bahria Town.” Like its other projects, Bahria Town is shining like a bright star in Karachi with all its facilities and amenities. If you are an affluent person and want to dwell in a place where you can enjoy its perks, there is no better place than Bahria Town Karachi. Another aspect of choosing Bahria Town Karachi is you never run out of options. You can choose the best house for yourself within your desired budget. As we mentioned, Bahria Town Karachi is a luxurious housing society, so the houses available for sale also require a handsome amount to be bought. However, things don’t end here. You can select a home within your budget as it carries a huge diversity in the availability of the houses. You can find a 5 Marla house within PKR 1.5 crore to 2 crores.
Apart from that, there are 7 Marla, 10 Marla, 12 Marla, 1 Kanal, 2 Kanal, 4 Kanal farmhouses, and lavish Spanish bungalows, which is the dream of everyone. That’s why we can say that Bahria Town is the most coveted place in Karachi in terms of the availability of houses.
DHA City Karachi
DHA City is located in Clifton Cantt and is spread over 160,000 Kanal in the city of lights. Furthermore, DHA City Karachi is divided into 8 phases, with each phase consisting of residential and commercial plots. Apart from that, it is the only eco-friendly place in Karachi. DHA City Karachi is only 2 km away from Karachi-Hyderabad Motorway M-9. It is a project for the profitable segment of society.
Nonetheless, a middle-class person can also own a decent house if he does in-depth research on society. The pros of living in DHA City Karachi are visible, and its cons are nothing but you will never enjoy life in other parts of the world. Such is the enthralling aptitude of DHA City Karachi. That’s why we add it to the list of most popular areas with houses for sale in Karachi.
Scheme 33
A beautiful coalition of top-class status and cost-effective nature, Scheme 33 is the next big thing regarding the availability of houses for sale in Karachi. To date, there are more than 560 houses for sale in Scheme 33. There are 4 Marla ready-made houses for sale for small families, starting from PKR 1.1 crore to PKR 1.3 crore. Apart from that, lavish residential apartments are considered the most coveted apartments for investors. However, we can affirm that you cannot find any better place on such a low budget than Scheme 33 in Karachi. Also, it is a big housing society, having acquired more than 26,000 acres of land.
Gulistan-e-Jauhar
Gulistan-e- Jauhar is also a pleasant, peaceful, and lavish place in Karachi, with more than 1300 houses available. It is an established housing society, and the houses are available in number. To own a 4 Marla (120 sq yd) house in Gulistan-e-Jauhar, will cost you around PKR 1 crore to 1.5 crores depending upon the location of the homes.
ASF Housing Scheme Karachi
The final housing society on the list of most popular areas with houses for sale in Karachi is ASF Housing Scheme Karachi. Scheme 33 is in the phase of completion, and it is expected that ASF Housing Scheme Karachi will provide a better place of living to its residents by all means. However, the available data can show less than 100 houses for sale in it. It is because it is a new housing project, and those who live there don’t want to sell their living place. However, the rough data shows that the expected price of a 5 Marla house in ASF Housing Scheme Karachi will cost you PKR 1 crore.
Most Popular Areas with Houses for Sale in Islamabad
In this article, we will share some most popular areas with houses for sale in Islamabad. Islamabad, the federal capital city of Pakistan, has a population of 1.2 million, and with each passing day, there is a hike in the growing population. Therefore, we can say that expatriates of different cities move toward Islamabad for a better future. That’s why the city is expanding with an enormous growth in size and population.
Till the end of the 80s, Islamabad was a small city with just a few sectors. However, after that, we witness a huge growth in the population of Islamabad. Islamabad is cut short in a slang term to provide a living place to every resident. Therefore, the CDA’s work circle expands, and apart from that, several housing societies in the proximity of Islamabad become functional to cope with the people’s demands.
For your guidelines, if you are among those who seek a place for living purposes in Islamabad, read this article till the end. We will share some best housing societies in Islamabad that are best for residential purposes. There is a huge quantity of plots available for sale. Also, we will share some of the CDA’s sectors that are best to reside in.
Most popular sectors with houses for sale in Islamabad
Following are some of the most popular sectors in Islamabad, where there are a number of homes available for sale.
Sector E-11
Considered to be one of the biggest sectors in Islamabad, E-11 offers a huge variety of houses for sale in Islamabad. In the E-11 sector, you can easily find 5 Marla, 7 Marla, 10 Marla, 12 Marla, and 1 Kanal residential house for sale. Apart from that, there are 2 Kanal luxurious bungalows like a dream for every individual. The best thing about the E-11 is you can find diversity in the sizes of the plots. Therefore, its perks can be enjoyed by both the upper and middle-class.
Sector B-17 Islamabad
Sector B-17 is located in Zone II of Islamabad. in terms of land, it is the biggest of all sectors. It is spread over 12,000 Kanal and further consists of subsectors. If we consider the availability of the residential plot, more than 4000 residential plots are making it a gigantic setup of residential properties in Islamabad. Another thing is its location, situated east of the G.T. Road that provides a direct path to the famous Wah Cantt and Taxila.
G-13
Among all the “G” sectors, the G-13 sector is the biggest in terms of the availability of residential plots. Though there are other sectors too, like G-6 and G-7, that are older and have a greater setup of commercial offices – remember one thing Blue Area is located in the G-7 Sector of Islamabad.
G-13 is located in Zone I of Islamabad. The sector is suitable for residential purposes as there are several primary and secondary schools, playing areas for kids, family parks, and a grand center for daily used groceries. To fulfill the basic needs, several shops are open 24/7 to provide services to the residents of G-13.
Most popular housing societies with houses for sale in Islamabad
Islamabad, by now, is home to dozens of housing societies. However, we will share those whose reputation in the market is famous and clean.
Bahria Town Islamabad
Bahria Town Islamabad covers an area of 40,000 acres and is home to more than 500,000 people. This grand and state-of-the-art housing society is providing its services to the people of Pakistan with great zeal and passion. In its long journey, there is not even a single case of dubious and deceptiveness by the administrators of Bahria Town. In Bahria Town, you can find 3 Marla lavish bungalows, 5 Marla, 7 Marla, 8 Marla, 10 Marla, 12 Marla, 1 Kanal, 2 Kanal, 3 Kanal, and 4 Kanal ready-made luxurious houses for sale. Apart from that setup, if you enjoy life to the fullest extent and are an affluent person, there are 10 Kanal houses also available for purchase. In a nutshell, we can say that Bahria Town Islamabad is a project that is inclusive and contains a plot of every kind.
DHA Islamabad
Defence Housing Authority Islamabad, a brand and the name of excellence, is a housing society that provides a great grand structure for living. Like Bahria Town, the houses for sale are in abundance. If we can enumerate them, it will be hard for us to accomplish them because DHA is spread over more than 50 square kilometers. Another aptitude of DHA is it is all-in-all a legal housing project that has reached every corner of Pakistan.
Conclusion
The whole discussion concludes that when the demands get high, the supply chain gets robust, which is the beauty of Islamabad. Islamabad’s residents will never run out of options because of the diversity that the federal capital city of Pakistan carries with pride and harmony.
Are you looking for the most popular areas with flats for sale in Lahore? Stop here, as we are going to share an inclusive article on the best areas with flats for sale in Lahore.
A small introduction to Lahore City
Lahore, the 2nd largest city in Pakistan and overall 26th largest city globally, both by area and by population, is home to almost 13 million people. It is a mammoth city that spreads over 1772 sq km.
Areas with flats for sale in Lahore
As we know, Lahore is a mammoth city, and with each passing day, hundreds of people visit there from all corners of the country to earn their bread and seek a better and prosperous life. That’s why we can see more than 100 housing societies and residential complexes. However, some are very big projects and expensive, while the others are small projects and cost-effective. Nevertheless, we will share those areas with a mass of residential flats for your guidance. So, read the article till the end to learn about the most popular areas with flats for sale in Lahore.
Bahria Town Lahore
When we talk about the real estate housing societies in Pakistan, Bahria Town will always lead the plunge in terms of the availability of plots, residential properties, and apartments. Also, its facilities are unmatchable to date, and one can anticipate that living in Bahria Town Lahore is like living in paradise. If you want to own a residential flat in Lahore, Bahria Town Lahore is the best place. However, you must be living an affluent life for that to happen because it is not a place for everyone. A single-bedroom residential flat in Bahria Town Lahore will cost you between PKR 10 million to 12 million.
Defence Housing Authority (DHA) Lahore
DHA Lahore is head-to-head with Bahria Town and can compete with Bahria in every aspect. Sometimes, DHA can beat Bahria Town on some amenities and facilities, while sometimes, Bahria Town wins against DHA. To sum it up, both housing projects are the most trusted, reliable, and the most wanted housing societies in Pakistan.
To own residential flats in DHA Lahore, a single unit will cost you more than 10 million PKR. However, it depends on which apartment complex you want to buy a flat in. If you are married and have a wife, the best option is to buy a 1-bed flat. It will cost you PKR 10 million. Nevertheless, you can also find them in PKR 9 million with facilities less than the other options.
Model Town Lahore
One of the old residential projects, Model Town Lahore, is my favorite one in terms of location, facilities, and cost-effective nature. It is not as famous as Bahria and DHA, but for middle-class families, there is no better place for them than Model Town Lahore. However, you should remember that flats availability sometimes depends on your luck, so you have to be ready for that and never miss a chance. There is not as much diversity in the availability of flats. Nonetheless, you can two-beds apartments for PKR 35 lac to 50 lacs. These two-bedroom apartments are available in Block K, Block Q, and Model Town Link Road.
Johar Town Lahore
Johar Town Lahore is another best place in Lahore that we can say is best for middle and lower-middle families. The perks of living in Johar Town Lahore are way more than its cons. Every housing society and residential project has some advantages and drawbacks. The best project is the one whose perks can subjugate all of its loopholes. That’s why Johar Town Lahore is the best in terms of its premier location because it shares its peripheries with the busiest marketplace of Lahore city. As for the price of flats, you can easily find a 2-beds residential apartment for PKR 25 lacs. In some of its blocks, the residential apartments are available for PKR 40 lac, but their amenities are way ahead of other areas of Johar Town Lahore.
Askari Housing Society Lahore
Last but not least, the Askari Housing Society is one of the most searched places in Lahore on the internet. It is the project of the Pakistan Armed Forces. In this way, it is a secured housing project. The residents will never face any inconveniences in the future because no outsider will ever be able to violate the society and penetrate it. However, the best thing about Askari Housing Society Lahore is the prices are low, and the amenities are touching the sky. the fascinating thing about the project is its diversity in the flats. An apartment is available for sale for a single person to a newly married couple and a bigger family of 7 people. In a nutshell, you can find goliath residential flats of 4-bedrooms in Askari Lahore for PKR 1.3 crores to 1.6 crores. Similarly, for a small family, the residential apartment of 2-beds size is available for PKR 60 lacs to 80 lacs.
Read this article to learn about the master plan of Lahore Smart City. Before we move towards sharing its master plan, first, you need to have a grasp idea of the project. Therefore, read the obligatory intro of the project in the below section.
Introduction of Lahore Smart City
Lahore Smart City is an ultra-modern housing project located in the heart of Pakistan, Lahore. This futuristic housing society is striving with full pace to reach its culmination before the anticipating time. And why not? There is no impediment in its way to subdue all its competitors – courtesy of its developers.
Developers of Lahore Smart City
Lahore Smart City is the joint venture of Habib Rafiq Pvt. Ltd. and Future Development Holdings Pvt. Ltd.(fdhl) Both the developers are currently working on Capital Smart City Islamabad. Concurrently, these projects are subjugating everything that comes in their way. Therefore, we can say that the reputation of both companies will pave the way for the success of Lahore Smart City. The ground reality also shows us that development work is in total pledge, and soon, people will start residing in it.
Location of Lahore Smart City
Lahore Smart City, fortunately, shares a very suitable location with the whole of Lahore City. There are numerous routes through which one can reach society. Basically, it is located at Lahore Bypass, which allows the travelers to reach G.T. Road in just 4 mint drive. Another route that connects the society with the whole city is Lahore Ring Road.
The legitimacy of Lahore Smart City
Lahore Smart City is a legit housing society, and the developers acquired the due NOC for the project from the Lahore Development Authority months ago. That’s why the investors will never face any fraudulent hazards in the future.
The master plan of Lahore Smart City
the core area of the article, i.e., the master plan of Lahore Smart City, will be discussed in this segment of the article. Intrinsically, its master plan is diverse and contains a setup of different sizes of residential, commercial, and farmhouses properties. Another thing in society is that there are several other blocks – which the developers have named “District”- within the society, making Lahore Smart City a comprehensive project. So, we are going to discuss its different districts below.
1. Executive Block
The executive block of Lahore Smart City consists of residential plots, residential villas, healthcare, educational institutes, praying areas for residents, retails, and a community center.
2. Sports District
Sports District means sports and playgrounds. Yes, you guess it right. In the Sports District of Lahore Smart City, there are football stadiums, cricket stadiums, race tracks, jogging tracks, retail setup, and residential apartments.
3. Education District
The Education District of Lahore Smart City has inclusive management for primary education and higher education. There are schools, colleges, and a state-of-the-art university in the education of Lahore Smart City.
4. Theme Park
Alright, you are done with residential and commercial apartments, and now you want to know about the picturesque version of the society; here we go. Lahore Smart City has a grand Theme Park where the residents will spend the precious moment of their life with their family, friends, and kids. In Theme Park, there is a bird park, zoo, holiday resort, coffee shops, and tuck shops.
5. Silicon Valley
Silicon Valley is 55% related to I.T. There are corporate offices, I.T. Campus, Technological, operational offices, residential apartments, and commercial shops.
6. Mosques
The symbol of religious harmony and faith where the worshippers will get together and pray to the Almighty, Lahore Smart City has provided the society with a Grand Mosque where 50,000 worshippers can pray collectively. Apart from that, every sector has its mosque.
7. Health Care District
At the start of the article, we have told you that Lahore Smart City is a grand project and includes everything one can think about. Therefore, to cope with the requirements of the residents, Lahore Smart City has a separate block with the name “Health Care District.” In this block, there are high-class hospitals where emergency and OPD will be operational. Also, you don’t have to go outside to carry out the investigatory tests because there are state-of-the-art laboratories in mutual consensus with Pakistan’s top laboratories.
That’s what we have from the master plan of Lahore Smart City.
Frequently Asked Questions
Q1. Is Lahore Smart City a legit housing society?
Ans. Without arguments, yes. Lahore Smart City has received its NOC from LDA.
Q2. Who are the developers of Lahore Smart City?
Ans. The developers of Lahore Smart City are HRL and FDHL.
Q3. Is it reasonable to invest in Lahore Smart City?
Ans. There is no better place in Lahore for residential purposes than Lahore Smart City.
Q4. How to buy a plot in Lahore Smart City?
Ans. The answer is simple, visit the website of Sigma Properties.
Q5. Where is Lahore Smart City located?
Ans. Lahore Smart City is located at Lahore Bypass.
Final words
We can arguably say that Lahore Smart City is an opportunity for everyone, and it will bear fruits in the upcoming days for the investors. Furthermore, know about Capital Smart City and Blue World City, visit our website Sigma Properties.
Payment Plan of Commercial Properties in Taj Residencia
Are you looking for a payment plan for commercial properties in Taj Residencia? Don’t go here and there and read the article till the end to get an inclusive insight into Taj Residencia’s payment plan.
Introduction
Before we move towards discussing the payment plan for the commercial properties in Taj Residencia, let’s know what Taj Residencia is. Taj Residencia is a housing society that is located in the heart of Islamabad. According to our data, there is no better housing society in terms of location than Taj Residencia, let alone its luxurious status and the reputation of its developers.
Developers of Taj Residencia
The developers of Taj Residencia are the Sardar Group of Companies, a famous group known for delivering the project of luxurious residential and commercial towers in Pakistan, The Centaurus Mall. Due to the previous work of Sardar Group of Companies, the investors are taking a keen interest in Taj Residencia. The track record of the developers has given a boom to Taj Residencia.
The legal status of Taj Residencia
A housing society thrives when its legitimacy is granted. When there are suspects and reservations about the legal status of a project, people hesitate to invest in it. Therefore, the developers of Taj Residencia have done a decent job in acquiring Non-Objection Certificate for Taj Residencia.
Location
Taj Residencia is located in the heart of Islamabad, joining peripheries with Rawalpindi. Primally, it is situated adjacent to Sector I-14 of Islamabad on Bhata Road. On paper, it is the only housing society situated inside the capital – in the hustle and bustle of the capital city. However, it doesn’t mean that the residents will face many problems regarding noise pollution or interrupting privacy. Taj Residencia is a gated housing society, and no one can enter it except the residents.
Commercial Properties in Taj Residencia
Taj Residencia is a multi-purpose project, and there are numerous commercial and residential properties in it. In a recent survey conducted by a very prominent statistics company, it has been concluded that people’s interest in buying commercial properties is more in Taj Residencia than in other housing societies. The reason is simple; the sale and resale and profit on resale in Taj Residencia are way more excellent than other competitors.
Installment plan of commercial properties in Taj Residencia
In Taj Residencia, 5 Marla commercial properties are in plethora, and to the people’s interest, the developers have given two installment plans for them. Following are the installment plans for 5 Marla commercial plots in Taj Residencia.
5 Marla commercial properties in Taj Residencia
The first installment plan for 5 Marla commercial plots in Taj Residencia is 6 quarterly installment plans. To buy a 5 Marla commercial plot, you will have to pay the down payment of PKR 9,199,710. After that, for 6 quarter years, you will pay PKR 3,577,688. In total, it will cost you PKR 30,665,590.
5 Marla plots in Taj Residencia second payment plan
If you want to bring a little more convenience to yourself in the shape of installments, then this one is good for you. It is a 10-quarterly installment plan, and for that to buy, you will pay PKR 3,066,590 in the down payment fee. After 30 days of booking, you will receive the confirmation fee, PKR 3,066,590. When you complete the initial procedure, your installment program will begin which you will pay PKR 2,453,272 for 10 quarter years.
4 Marla commercial properties in Taj Residencia
The 4 Marla commercial plots in Taj Residencia are available for PKR 27,000,000. Its down payment fee is PKR 8,100,000. After paying the down payment, your installment program will begin, and you will have to pay PKR 2,362,500 for 8 quarter years.
Frequently Asked Questions
Q1. Who are the developers of Taj Residencia?
Ans. The developers of Taj Residencia are the Sardar Group of Companies.
Q2. Where is Taj Residencia located?
Ans. Taj Residencia is located in the proximity of Islamabad. Its exact location is at Bhata Road, near the I-14 Sector of Islamabad.
Q3. Why is Sardar Group of Companies so famous?
Ans. Sardar Group of Companies is famous because they have delivered state-of-the-art projects, i.e., Centaurus Mall in Pakistan.
Q4. Is Taj Residencia a legal housing society?
Ans. Yes, Taj Residencia has acquired NOC from Capital Development Authority.
Q5. Why is Taj Residencia so expensive?
Ans. When we compare Taj Residencia to its peers – Bahria Town and DHA- we can see that it is way more economical than them.
Q6. How to buy commercial properties in Taj Residencia?
Ans. If you want to buy commercial properties in Taj Residencia, visit the website of Sigma Properties.
Conclusion
The likes of Taj Residencia are rare in the market because its location, luxurious status, amenities, and facilities are unmatchable in the entire real estate market. Therefore, if you want to buy a plot in it, visit the office of Sigma Properties in Blue Area. You can also book properties in Lahore Smart City and Capital Smart City.
