In recent times, the government has loosened its grip on many real estate regulations such as the issue of non-filers of tax returns. This essentially makes real estate investments for overseas Pakistanis extremely easy.
Prior to this shift, investors were required to file tax returns in order to purchase property. The Islamabad real estate market in particular has seen an exponential increase in investment from abroad after the removal of such prohibitive regulations.
Experts at Makeen Marketing have listed below a few real estate investments for overseas Pakistanis to benefit from.
Incorporating International Standards
Pakistan’s real estate market has definitely stepped up its game in the last few years. In just a short period of time, we have seen municipal bodies across the nation work hard to make their respected cities a place that invites real estate investment, locally and internationally.
For example, the Capital Development Authority (CDA) has taken stringent steps to make sure its approved societies adhere to the housing society rules and regulations. These ensure residents a good standard of living.
In addition to this, we can see many real estate developers collaborating with international developers and builders to provide paramount real estate investments for overseas Pakistanis. We are witnessing burgeoning smart cities in at least two metropolitan cities— these are speculated to become one of the most fruitful investment opportunities in the country.
Islamabad Model Town
Islamabad Model Town is one of the highly anticipated housing societies in the federal capital. This is due to the fact that it is a product of Model Projects— a premier construction and development company.
The housing society promises a host of top-notch amenities designed to facilitate a luxurious lifestyle. The gated society has an excellent security system with 27/4 surveillance at key locations as well as check posts. Moreover, the society provides basic necessities such as water, sanitation, gas, and electricity.
Islamabad Model Town at becoming an eco-friendly housing society— up until now its master pan indicates land allotted to the development of recreational spaces such as parks and lakes as well as green belts. These state-of-the-art features make Islamabad Model Town one of the prime real estate investments for overseas Pakistanis.
Need more reasons to invest in Islamabad Model Town? Click here.
Capital Smart City Overseas Prime
Capital Smart City currently one of the most sought-after housing projects in Islamabad’s real estate market. Much like Islamabad Model Town, Capital Smart City enjoys a high level of investor trust since it is affiliated with a big name in the real estate sector—Habib Rafiq Pvt Ltd. This is a well-established developer with expertise in an array of sectors.
Moreover, HRL is working in collaboration with a Singaporean consultancy firm by the name of Surbana Jurong. Together they aim to create a housing society that adheres to international standards.
Capital Smart City is to be the first smart city in the country. A smart city aims at integrating communication and information technology in its construction and development. The owners and developers of Capital Smart City are working to incorporate technology into the housing society while keeping in mind environmental conservation strategies. Thus as far as real estate investments for overseas Pakistanis go, this society is perfect.
Considered one of the more fruitful real estate investments for overseas Pakistanis, the project takes it a step further and allocates a special Capital Smart City Overseas Prime block exclusive only to overseas investors. This is the most exclusive block on the housing society; its situated at a heighted location providing a scenic view of green belts, parks, and the lake. Moreover, it includes an 18-hole golf course.
Capital Smart City provides digital transportation systems, smart waste management, an eco-friendly society and AI control systems.
Blue World City Overseas Block
Our list of real estate investments for overseas Pakistanis would not be complete without mentioning Blue World City. This society is a collaboration between Blue Group of Companies and Shan Jian Municipal Engineering. This is a leading Chinese construction company.
The project is already being dubbed a Pak China Friendly society since this collaboration is said encourage Chinese workers to settle in the housing project. This influx of foreign investment means that the real estate value of the housing project will skyrocket in a matter of time.
Apart from being a modern, eco-friendly project, Blue World City aims at attracting tourists. The housing society is working on constructing the worlds largest mascot, as well as replicas of the Blue Mosque in Turkey and Burj Al Arab. Soon enough, this housing project will be attracting tourists from all over the world— something that not only the residents but Pakistan’s tourism industry can benefit from.
If you are an overseas Pakistani looking for an investment opportunity, we highly recommend looking into this housing project in the Islamabad real estate market.
Much like Capital Smart City, Blue World City has allocated a special block to overseas investors. This Blue World City Overseas Block will be constructed keeping in mind the international standard, installing top notch infrastructure and facilities in order to upholding the luxurious lifestyle of these overseas investors. This is why Blue World City is considered one of the most important real estate investments for overseas Pakistanis.
Real Estate Investments for Overseas Pakistanis- Lahore Smart City
While Lahore Smart City is still in its initial stages, as compared to the other real estate projects on this list, many speculate that it will go on to becoming one of the most outstanding real estate investments for overseas Pakistanis.
Lahore Smart City is being developed by the same companies as Capital Smart City and is thought to provide the same smart city amenities. The only difference is that this housing project will cater to the local residents in Lahore as well as international investors. like its Islamabad counterpart, LSC is one of the great real estate investments for overseas Pakistanis because of its specially designed, exclusive Overseas block.
Here is some information on Lahore Smart City NOC and Legal Issues.
Interested in finding out more about these prime real estate investments for overseas Pakistanis? Get in touch with Makeen Marketing’s experts.