Many Pakistani Overseas, have suffered badly in their attempt to buy property in Pakistan by being cheated on. To avoid the distress, we are posting this article entailing top societies in Pakistan so our overseas Pakistanis can invest in their homeland safely.
However, before making any investment in the property, be it the best societies in Pakistan, you need to take some safety measures as described below.
Tips And Safety Measures For Overseas Pakistani Before Making A Property Investment
Take note of these tips before investing in top societies in Pakistan for overseas Pakistanis.
Do Not Fall for the False Ads
Try not to get rushed and fall fast for property sales-housing society advertising that is targeted to you every other day on Facebook, other social media platforms, and on TV. To be exact, any Pakistani overseas who intends to purchase property in Pakistan should not fall victim to the prices of these glamorous advertisements and should be aware of these commercially constructed scams.
Be aware of illegal properties and housing societies
If you’re dealing with fake assets then these fraud societies and their scams can be a huge nightmare for those living in Pakistan, no matter who’s living abroad. These societies or properties may be under-standard or are likely to go into action later because of no proper permits or approval by the government.
Verify that land is approved by Municipal authorities
If the property falls within the jurisdiction of municipal authorities such as the Capital Development Authority (CDA), the Karachi Development Authority (KDA), and the Lahore Development Authority (LDA) then a secure investment prospect is assured.
Verify that land is approved by government authorities
The government authorities embrace always double-checking the home scheme. If a work still awaits approval by the government then it is enough to sound warning bells for potential customers. Lack of approval, more often than not, means there is a strong risk of the authorities canceling the property in the near future. Therefore, your best bet is investing only in well-known, approved ventures.
Take Precautionary Measures
It is recommended to take precautionary steps for overseas Pakistanis or for international buying or selling property in Pakistan. The idea of many residents from overseas doing direct deals to save themselves from paying extra commission without collecting all the requisite details and getting checks done and eventually ending up facing a lot of obstacles and being misled.
Survey the different potential Properties
You can ask your property dealer / real estate broker to take you to see the properties he has shortlisted for you before you make up your mind to invest your savings in. Inspect the properties, and verify their validity properly before making a final decision.
Invest in Authentic Properties
Our advice is to invest in existing, credible housing societies with a reputable past, not cheating their investors with different fees and construction costs, but offering them a good deal at a good price instead.
Hire A Good Real Estate Agent
It is best to hire a good real estate agent who is thoroughly familiar with the entire regional real estate scenario and will be able to accommodate you to suit your needs and abilities. And you’ll be able to save lots of money yourself.
Check if the property has any future
You have to have a creative mindset when investing your money in something big. So, if you want to buy property for investment purposes then keep an eye on the property’s future development.
For this reason some study on some important factors of society such as legal authentication, community builder, long-term and short-term investment, track record of society, social pros and cons, benefit, and previous rates growth of society.
Best Societies In Pakistan For Overseas Property Investment
There are several opportunities for overseas Pakistanis in real estate investment. We’ll explore a few housing schemes in Pakistan for overseas property investment.
Overseas Enclave, Bahria Town Lahore
Overseas Enclave, in Overseas Bahria Town Lahore, is among Bahria Town Lahore’s most common blocks. The Lahore Development Authority (LDA) approves the assets thereof. This block is fully built and all sorts of amenities are available here-from simple to luxurious. Overseas Enclave has been “built around scintillating scenes of the beautiful lake according to the official website of the project.
To its elegance add lush green parks. People who want to get away from the city’s hustle and bustle and who want to get in an upscale neighborhood, usually go to Overseas Enclave at the same time. A lot of families already live here. It’s important to remember, though, that only Pakistanis overseas can buy property here.
Overseas block Bahria Town Lahore has 1 Kanal houses for rent. There are also 10 marla houses in the society where the property prices fell between crore PKR 1.3 and crore PKR 2.5. If you want to invest in Overseas Enclave Bahria Town Lahore plots then you can purchase 10 marla and 1 Kanal plots.
OPF Housing Scheme Lahore
Overseas Pakistani Foundation – OPF Housing Scheme Lahore is situated at a distance of just 3 km from the famous Shaukat Khanum Memorial Hospital. In OPF Housing Scheme Lahore 10 marla houses are available for sale. Prices for properties range from PKR 1.9 to PKR 2.25 crore.
Park View Villas Tulip Overseas Block
Park View Villas is in Lahore, on Multan Road. The Orange Line Metro Station and Thokar Niaz Beg are just a 5-minute drive from Park View Villas Housing Scheme’s main entrance. Also, in close proximity to Park View Villas Tulip Overseas Block is a famous housing scheme Izmir Area. Many plots in Park View Villas Tulip Overseas Block are up for rent. In Park View Villas Overseas Block 10 marla plots are up for rent. Rates range from PKR 62 lakh to PKR 73 lakh.
Documents Needed While Investing In Top Societies In Pakistan
Until proper documentation everything is complete. You’ll need proper legal paperwork to allow you to invest and register the property under your name. For further method, the basic lists of the documents that are required from your side following:
- 2 or more existing Passport photocopies
- Most recent passport size photos of your
- Minimum 2 copies of the National Overseas Pakistani Identification Card
- Entry stamp photocopy for living in a foreign country
- A photocopy of Pakistan exit stamp
- List of Members of your family
- Photocopying of next of kin’s National Identity Card
You must first approve the documents before they are submitted and processed further. You must also deposit the security down payment and safe proof with yourself for any future problem.
Buying property isn’t an easy job, particularly if you’re out of the country, but you can easily buy what you want without fraud if you consider the above-mentioned criteria.
You can also contact trusted real estate companies with clear track histories such as Globe Estate & Builders for further assistant and information. We are one of Pakistan’s best real estate company and deals with various features such as Bahria Town, New Metro City, Gwadar Golf City, Lahore Smart City, and many more reliable housing societies.
