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Real Estate

History of Real Estate  

The terminology of Real estate was used back in 1800 with reference to sales and purchase of property. So there is no certainty about the origin of this terminology but according to the rumors this terminology was used first time as a result of buying and selling of homes in London.

Origin of Real Estate  

Thus talking about the terminology we get to see that it follows the origination from Early Modern English in the year 1660.  

Similarly, the two words from Real and Estate have their own unique significance. Here “Real” means actual while “Estate” is derived from French word “Estat” meaning reputation or status.  

  

Similarly a popular writer  beautifully explains the beauty of this sector as below.

  

“Real Estate cannot be lost or stolen nor it cannot be taken away. Purchased with quick analysis. Paid in a fully manner and managed with reasonable care. So, it is one of the safest investments in the world.” (Franklin Roosevelt) 

  

Sectors of Real Estate  

There are many sectors of Real Estate. Thus the most considered one’s which are preferred worldwide consist of following.   

  • Sector of Land  
  • Residential Sector  
  • Commercial Sector  
  • Industrial Sector  

Sector of Land  

The area which is quite barren and is totally free from any cultivation as well as vegetation is categorized under the sector of land. Many Real Estate developers utilize this piece of land to make it usable for the purpose of buying and selling.  

Residential Sector  

This is one of the most popular sectors of Real Estate. Investment in this sector provides you with some fruitful outcomes.  

Specially for residential purposes this sector is one of its kind. Here the residential schemes in the form of plots, apartments as well as residential housing schemes have a lot more to offer.  

Commercial Sector  

This sector of commercial aspect consists of shopping malls, offices, parking lots, medical centers as well as hotels.  

Here in this sector businesses make use of the commercial sector to a great extent.  

Industrial Sector  

In this sector we get to see various opportunities of land for industrial sector. Here the area is utilized for industrial purposes such as Factories, Mechanical productions, industries, factories, transportation as well as Logistics.  

So, different sectors serve to add value to this specific sector.

Global position of Real Estate  

Globally the analysis linked with the specific sector predicts that this market shows fluctuations with the rapid pace of time.  

Global position estimates that this market is expected to grow from 2687 bln USD to 2774 bln USD with the rapid growth of 3.2%.  

  

Regions of Real Estate market 

  • Asia Pacific 
  • Western Europe 
  • Africa 

  

Asia Pacific was referred to be the largest market of Real Estate which accounts for 40% of the market. So this is the top region when we get to see the best regions for this specific sector

  

Western Europe is regarded to be the second largest market of Real Estate for the world. The percentage of this market accounts for 24%. 

  

Africa being the smallest real estate market of the world is well known due to its lesser interaction and progress for Real Estate. 

 

Real Estate market in Pakistan 

Real estate market in Pakistan shows fluctuations with variations in different cities with their own preferences.  

Similarly, the real estate sector is prominent in different cities in their own unique way. But in this article, we will provide you insight into some of the prime cities for real estate in Pakistan. 

Cities in Pakistan with a demand for Real Estate 

  • Karachi 
  • Lahore 
  • Islamabad 

Karachi 

The largest city of Pakistan is a preferable destination for Real Estate. Karachi is the prime location for housing schemes.  

Specifications for Real Estate 

  • Ideal for corporate sector with the area specification of 16 min. Sq ft 
  • Here there is a wide scope for the sectors like land, residence as well as the industrial ones 

Best housing schemes for Real Estate in Karachi 2022 

There are countless housing schemes that are functional in Karachi. But in this article, we are providing you with a listing with some best options as below. 

  • Scheme 33 
  • Bahria town 
  • ASF housing scheme 
  • DHA City Karachi 
  • Gulistan-e-Johar 

Scheme 33 

Currently Scheme 33 is preferred to be the ideal Real Estate location for Karachi. Here the location is ideal due to the facilities nearby like Housing, Commercial sector, educational facilities, Hospital facilities as well as Shopping facilities.  

So, for Karachi investors should consider Scheme 33. 

 

Lahore 

It is not only the second largest city of Pakistan but it is preferred by overseas investors for selecting as the best suited option. Due to the better perks of life Lahore is an ideal location for the concept of housing framework in Pakistan. 

Specifications for Real Estate 

  • The area specification for Lahore turns out to be as 8 min. Sq ft 
  • Prime location to grab the better opportunities of housing schemes 

Best housing schemes for Real Estate in Lahore 2022 

  • Princeton Farms 
  • Bahria Town 
  • LDA Avenue 
  • Kings Town Housing Scheme 
  • Al-Jalil Garden 

Princeton Farms 

Princeton Farms is one of the new housing schemes in Lahore with the concept of exclusive countryside living. Investment in this innovative project provides the investors with a secure investment for future.

So, if this project awakes an interest in you then you can either book a call at +92 42 32803555 or Email at info@princetonfarms.com.pk . 

 Islamabad 

The capital of Pakistan is the most prominent sector of basic life facilities in Pakistan. Here the housing schemes are in a huge number. Further the better facilities linked with different aspects make Islamabad a successful location to consider. 

Specifications for Real Estate 

  • The specifications for area provide the idea that it is 7 min.Sq ft 
  • Similarly, the corporate sector is in a high demand here so we get to see the best possible schemes out there 

Best housing schemes for Real Estate in Islamabad 2022 

  • Bahria housing scheme 
  • Defense housing scheme 
  • Gulbery housing scheme 
  • Capital smart city 
  • Sigma housing scheme 
  • Faisal town 

Bahria housing scheme 

The city of Islamabad is preferred by overseas investors due to better infrastructure and various facilities of life.

Similarly, for this obvious reason we get to see Bahria housing scheme as one of the top notched housing schemes for Islamabad. 

 

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New Housing schemes in Lahore 2022

Lahore is one of the best and developed cities to invest in Pakistan. Likewise for new housing schemes in Lahore 2022, the opportunities here are widespread. Due to this reason, this city is preferred by investors for the sake of reliability and better facilities linked with life.  

What does an investor look  for while making an investment? 

  • A better future followed by basic facilities of life 
  • A broad perspective regarding the profit and loss statements  
  • Looking for a better perspective followed by minimizing the risk and maximizing the return 
  • An investment option that fulfills all the basic investment determinants like expectations, economic activity, stock of capital, rate of capacity utilization, capital goods with its costs as well as the future based benefits  

Now that there are thousands of housing schemes in Lahore, A question arises that where should an investor spend his savings? In order to answer this question, we have provided you with a list of new housing schemes in Lahore 2022. By the help of this list, you can get an idea to see where to invest or where to not? 

 

So, here it comes a list comprising of new housing schemes in Lahore 2022. By this list investors will get to know the most suitable options for investment in new housing schemes. 

 This list consists of top 5 new housing schemes to invest in Lahore 2022. 

 

Top 5 New Housing schemes in Lahore 2022 for investment

  1. Princeton Farms 
  2. Central Park Housing Scheme 
  3. Al-Jalil Garden 
  4. Al-Noor Orchard 
  5. Park View City Lahore 

 

Princeton Farms 

Location 

Japan Road 2 km off, Barki Road Lahore Pakistan 

Innovative Concept 

“Princeton farms is one of its own and it is introducing the concept of exclusive countryside living for the first time in Pakistan” 

Project Statement 

A private countryside experience extended over 300 acres of land. It focuses extensively upon the concept to provide a countryside experience with Florida style architecture 

Exclusive Features 

It consists of some exclusive features that can help to provide facilities better than the rest of its competitors. So, it follows the exclusive features as below. 

  • Community Centre 
  • Walled Gated Community 
  • Care taking maintenance 
  • Eco friendly environment 

Community Centre 

The community center features to promote the concept of community. It depends upon the healthy living concept. It basically aims at the promotion of healthy lifestyle with the help of promoting group activities as well as the concept of unity. 

Walled Gated Community 

The walled gated community provides you with security and protection. A safe and secure environment is the need of the hour. So, it is specially introduced at Princeton Farms in the form of walled gated community with facilities like CCTV Cameras, secure entrance and exit. It also consists of the availability of security guards serving you with 24 hours security. 

Care taking maintenance 

This feature of care taking maintenance is one of the exclusive features of Princeton Farms. This feature helps you with the facility to have the protection of your land in your absence. 

The investors especially the overseas are always worried regarding the security conditions at Pakistan. So, Princeton Farms provides an efficient solution to resolve this issue by their feature of caretaking maintenance. 

Eco friendly environment 

As Princeton Farms involves the exclusive countryside experience, therefore it is focused upon the eco-friendly environment being close to nature. So, here you not only get to have an ecofriendly environment but it serves you with a healthy lifestyle away from the problems of life. 

To know more about Princeton Farms, ook a call at +92 42 32803555 or Email at info@princetonfarms.com.pk 

 

Central Park Housing Scheme 

Location (Head Office) 

248 C, Broadway commercial, DHA, Phase 8, Lahore Pakistan 

Basic Facilities 

  • Plot with sizes of 3.5 as well as 5 Marla with options like down Payment as well as installment 
  • Wide roads with lush green view to provide you with fully carpeted roads that can facilitate you in a better way 
  • A series of restaurant that can provide you with a high quality of restaurants in a better way 
  • A fully equipped health club that works in a better way for all your fitness needs 
  • 24 hours security to provide you with a safe and secure environment for residence 

To get more valuable information book a call at 042-111-109-109 or Email at info@centralpark.com.pk  

 

Al-Jalil Garden 

Location 

Main Lahore, Sharaqpur road, Lahore-Islamabad Motorway, Faizpur interchange, Lahore Pakistan 

Basic facilities 

  • Plot sizes with 5,8,10 as well as 20 Marlas are available with installment plans and down payment options 
  • Continuous Power supply is the need of the hour especially for Pakistan. Making this true Al-Jalil Garden provides you with the best facilities of continuous power supply. 
  • Unique facility of mall to the shopping lovers in the form of Al-Jalil mall. It is a grand mall to serve you with best facilities of its kind 
  • World class facilities related with quality food serves something best considered for the people to choose this new housing scheme 

For more queries book a call at 042-111-333-987 or Email at info@aljalildevelopers.com  

Al Noor Orchard 

Location 

Sharaqpur shareef road main Jaranwala Road Lahore Pakistan 

Basic facilities 

  • Plot sizes with 5,8,10 as well as 20 Marlas. These are available on installments with minimum investment plan 
  • Jamia Mosque to provide the basic facilities of prayers to the residents 
  • Community  clubs exist there to bring about the best suited recreational facilities for the residents 
  • Entertainment and luxury are the best privileges of this new housing scheme. The idea here is thereby present to provide better facilities of entertainment to the public 

 To contact further regarding some important quyeries, Book a call at +92 -300- 4777 -901 or Email at info@alnoororchardwestmarina.com

Park View City Lahore 

Location 

Park View City, Multan Road Lahore 

Basic Facilities 

  • Plot sizes with 5 and 10 Marlas are available on down Payments as well installment plans. It helps to provide valuable facility of residence to the clients 
  • It is easily accessible for anyone. So, it follows an easy pathway followed by Thokar Niaz Baig Flyover 
  • The security is the top most priority for the customers to consider. So, at park view city this feature adds value to the importance of Park View City 
  • Numerous parks as well as the entertainment facilities in the form of Imax cinema provides recreational facilities to the public 
  • Schools, parks as well as the facility of mosque helps to provide better facilities of life to the residents 

For Booking a call or making an investment contact at 042-111-249-249 or Email at lahore@parkviewcity.com.pk 

 

 

 

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Classic Farmhouses Pakistan

The monotonous routine of life demands something exciting and different from the rest of others like Farmhouses Pakistan. Talking about this specific aspect, the countryside experience in the form of a classic farmhouse provides a different kind of experience from a casual routine. So, if you are willing to get information regarding a unique experience then this blog is the right choice for you to give a read.  

 A unique lifestyle for living in the form of a classic farmhouse  

Our casual lifestyle serves something that is going on in the same direction without a change. So why not we grab a grab an option that provides a unique experience in the form of a better lifestyle. Our lifestyle demands a change at some phase in our lives. Therefore, this concept in the form of classic farmhouse helps to provide a wonderful experience of lifetime.  

 

Farmhouses Pakistan  

Te concept of farmhouses in Pakistan depends upon the fact that nature lovers mostly look keen towards this concept. As this concept is to make people close to nature so this adds value to the conceptual framework. Furthermore, talking about the farmhouses in Pakistan we observe that Farmhouses in Pakistan are in a numerous number as the agricultural land of Pakistan extends to about 79.6 million acres. 

 

So, talking about Pakistan the supreme locations to look for the investments specifically for a farmhouse are comprised of cities like Karachi and Lahore 

 

Classic Farmhouse concept in Karachi 

Karachi is not only the biggest city of Pakistan. But its ideal location comprising of the natural scenery of the oceans tend to make it a prime location. It specially follows an approach of farmhouse concept. At Karachi many ideal locations make it feasible to have farmhouse concept. Yet following this approach of scenery we get to know that there are numberless farmhouses. So in Karachi due to an expensive space bound by the natural scenery of Arabian Sea this city is comprised of various spots. It is concerned with the specific environment bound by various picnic points of Sea. Though there are many farmhouses in Karachi but we will consider the popular ones. Thus, the farmhouses there are comprised of following. 

Rani Empire Resort 

Due to the countless attractions that this farmhouse offers for public. Rani Empire resort is sought to be the preferred one. It is considered as the number one farmhouse specifically in Karachi. It comprises of 9 exclusive golf courses, a dynamic birds aviary, swimming pools as well as the green sight bound by various plants as well as vegetation. Thus, due to these countless facilities we get to see the reason that makes it one of the prominent locations for an idealistic farmhouse environment in Karachi. 

Shamsi Unit 1 

This resort gets to attain the ranking after Rani Empire resort. This not only comprises of countless facilities in a convenient manner. But it specifically acts as a significant environment due to the facilities related with Sports. The Sports are the reason based upon facilities to a large extent. It is the major attraction for sport lovers in Karachi. Likewise, it consists of a vast sports complex. But it has gotten the facilities like Basketball court, tennis court, table tennis, football grounds, cricket grounds as well as the concerned features associated with Sports 

 Farmhouses in Lahore 

Lahore is one of the prominent cities of Pakistan due to its various features. Specific features that bring about the promotion of a cultural heritage as well as the traditional monuments. Thus, it also serves to be prominent location for a farmhouse concept. Due to ideal location along with the natural scenery. We tend to see this city as a best considered for a framework of farm houses concept. Therefore, it serves as an ideal location following the considered approach of a farmhouse concept. Thus, one of the best farmhouses in Lahore are based upon following idealistic locations to consider for the best farmhouses in Lahore.

 

Raiwind Road 

This location is significant to see from the perspective of facilities away from the hustle and bustle of life. It stands out as an ideal location that adds value to look for a farmhouse framework. Thus, this location focuses to bring about the betterment following the prime location. Here the societies are comprised of  

  • Bahria town Lahore 
  • Lake City 
DHA site 

The location of DHA focuses upon the better facilities and services along with the framework of better facilities like the availability of various resources like the institutions. Its listing comprises of some of the popular institutions like LSE (Lahore school of Economics), Beaconhouse school system, LUMS (Lahore university of management sciences) along with the availability of Allama Iqbal International airport. Thus, it helps to provide an effective approach regarding the idealistic approach of countless facilities. Following this location, the best farmhouse concept exists as below.  

Princeton Farms 

Princeton Farms stands at the prominent location when it turns out to consider a countryside concept with a unique lifestyle. The Princeton farms serve as your preferred farmhouse location when we get to see the facilities with an idealistic framework following the futuristic concept. It consists of the countless perks that is demanding for a unique concept of farmhouse concept in Lahore. The location of this Farmhouse on Barki Road helps to stand as a classic farmhouse on such an exotic location of Lahore. Hence due to an ideal location as well as the attraction following the approach. It is one of the top notched site of DHA Princeton Farms is one of the unique farmhouse concept in Lahore. 

 Advantages to buy a farmhouses in Pakistan  

Although the advantages to buy a farmhouse in Pakistan adds great attention to the nature lovers in the form of a classic farmhouse. But for others the advantages help to provide a definite insight for a futuristic approach. Hence the advantages are comprised of following.  

  • Relaxation from hectic life:The same and boring routine of life makes a person feel irritated and disturbed at times so this concept to buy a farmhouse adds relaxation from tough routine 
  • A living experience in a natural environment: The living experience with a nature-based scenery can help you to experience better by having natural stuff like fruits and vegetables 
  • Peaceful time of retirement:The age of retirement brings about something that can help to provide the mind with calmness and peace. The persons getting retired are keen to spend their peaceful time in a serene environment. Thus, the environment of a farmhouse helps to achieve such goals in a better way. 
  • Peace of human mind: Human mind is fascinated by green sight and lush green views. Thus, the environment full of greenery not only presents a beautiful sight. But it helps to bring about the freshness for the better performance of brain 
  • A better experience:A countryside living experience is something that a person must experience in his life. So, following that the developed farmhouse communities help to provide a better experience of lifetime 
  • Feel close to nature:In an environment of farmhouse an individual can up bring the development of livestock for healthy food. But this experience brings you close towards nature 
  • Additional income: Another significant factor of importance comprises of additional income in the form of putting the farmhouse on rent. Therefore, buying a farmhouse can serve you with some additional events. 

 

 

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Best Investment opportunities For Overseas Pakistanis

Over the years there has been an increase in the investment opportunities in Pakistan. And these opportunities are open for overseas Pakistanis. To nurture the relation between Pakistan and Overseas Pakistani, the government has established OPF (overseas Pakistani foundation) to assist the Pakistanis that are overseas to make safe investments. This is a beneficial connection for both the overseas Pakistanis and the government. These remittances have a great impact on the country’s development.

Real estate industry

People living outside of Pakistan usually send the money for family support and to invest in Pakistan. One of the most lucrative industry to invest in Pakistan now is the real estate industry. The investment in real estate is one time and if you buy a property its value will appreciate over time. To urge people to invest more in the industry, government is taking initiative and creating more opportunities. Do you want to know about some amazing opportunities to invest in? we have compiled a list of great investment opportunities for the overseas Pakistani.

Bahria Town Karachi Overseas Block

Bahria town developers have a web of very successful projects all over Pakistan. Providing exclusive lifestyle and all the luxuries is one place away from the hustle-bustle of the city. We all are aware of the traffic congestion and the pollution increasing by the day in Karachi. To facilitate the people with a more exclusive and healthier lifestyle, Bahria developers have launched the Karachi Overseas block for the people living abroad. The success of all the bahria projects is the evidence of the amazing investment opportunity for the overseas Pakistani.

Capital Smart City

The overseas capital smart city block is an amazing opportunity for the people living abroad, this project has great potential for high profits and its approved legal by the RDA. This is an opportunity for the overseas Pakistani, with its proximity to the Islamabad International Airport it is located at on one of the prime locations of Islamabad. Pakistan’s first ever smart city that accommodates local and overseas Pakistani. The society have top notch security details and the heighted overseas block provides for the killer view! The city is surrounded by beautiful Khairi Murat hills and the beautiful lakes, making it one of the epic investments you can make.

The other smart city approved by the LDA is in the city of lights. Lahore smart city provides for a lucrative investment opportunity for locals and overseas Pakistani. The society offer the plot cutting of 5 Marla, 10 Marla and 20 Marla and the price difference between the executive and overseas Pakistani is just 10,000 RS. With all the amenities in place this is a great opportunity for investment.

POREF

Pakistan overseas real estate forum is the initiative taken by the government to create more investment opportunities for overseas Pakistani. A forum to accelerate the construction and development operations in the country, benefit the economy and create more jobs for Pakistanis. It is meaningful and a secure investment opportunity. It also gives FBR immunity to the investors, as the government have been taking a lot of real estate projects. With a lot of promotional activities scheduled for future, this will be a secure and profitable investment for you.

If you haven’t thought about investing in the real estate before, you should do it now. In the upcoming year this industry will provide for high profits. This is your chance to invest in your home country for a secure future. While investing in any project, the safety of your investment can be a prime concern. These investments are secure as they are overseen by the governmental bodies and the developers are trustworthy with their amazing records of project completion. Avail these amazing opportunities right now and secure your future and investment.

Food Chains

Food is a love language for the people of Pakistan. All the gatherings are incomplete without different varieties of food. I mean who doesn’t love food? Food chains are very successful in Pakistanis. Making it one of the most lucrative investment in Pakistan. Pakistani enjoy different variety of foods and their taste buds are no joke. That is the reasons that many investments are going to the fast-food industry of Pakistan. It is literally a ‘FAST’ way of earning high profits over the years. If you are interested in this opportunity, then don’t waste a moment and invest in this budding industry.

Invest in Gold

Just like the real estate industry the investment in gold doesn’t require extra investment. It is a one-time investment and whenever the prices of the gold peak, you can easily cash out high profits. You don’t have to sell it right away, it can accumulate more value over time, hence it is a goldmine for the investors. You can acquire the gold when the prices aren’t high, and you can sell it all out when the prices skyrockets! Hence it will be affordable and highly profitable over the years.

Other opportunities

Some of the other amazing options include investing in the sports gears, Pakistan is currently exporting high quality gears to many countries. One of the other opportunities is investing in stocks or bonds. The most amazing new opportunity is the boom in the marriage services. There are many marriage halls being established, making it an amazing opportunity to invest in for high return of profits.

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Roshan Apna Ghar Initiative

Prime minster Imran Khan started an amazing initiative for overseas Pakistanis. The Roshan Apna Ghar scheme aids the overseas Pakistani to invest and own properties in Pakistan with the help of Roshan Digital Account. This initiative helps the overseas Pakistanis to invest in safe and secure opportunities. The non-residents of Pakistan can purchase and can obtain financial aid to own a house in the country. According to the PM this initiative can be a game changer for the account deficit of Pakistan.

The overseas Pakistanis are a great asset for our country, but their potential had never been recognized before and hence they have never been given initiatives and secure options to invest and bring the dollars in Pakistan. The Roshan initiative is a huge step for a Roshan Pakistan. It can aide the overseas Pakistanis for safe investments and in return the dollars decrease the gap in exports and imports.

According to the PM, Pakistan can greatly benefit from the investment potential of the overseas community, their technical skills, and their expertise in the long run. And it can be very beneficial for the Pakistani economy. In the past the non-residents were hesitant to invest in real estate in Pakistan because of land grabbing mafias. But with Roshan initiative the banks will provide honest investment options and loans to own properties in Pakistan to the non-residents.

Roshan Digital Account

Roshan digital account is the facility provided to the nonresidents by the government to help them with the banking facilities in Pakistan. It gives them the access to Pakistani banks without a consulate, embassy, or physical bank branch. Non-residents of Pakistan face a lot of trouble to invest in Pakistan, but the RDA simplifies the whole process for them. The process is quite simple and entirely digital to make the Pakistani banking facilities more accessible to overseas Pakistanis.

RDA also helps the overseas Pakistanis with various investment options that are safe and secure. The RDA initiative helps to keep the money safe and bring wealth in the Pakistani economy. With RDA accounts the nonresidents can also buy stocks and governmental bonds. They can invest in different industries, buy a house or a car. It broadens the investment spectrum for the overseas Pakistanis.

The banks that provide the RDA services are

Roshan Pakistan

By providing a safe environment for investments and housing opportunities, we have opened a door with new possibilities. A feat that will help build a Roshan Pakistan. With the help of state bank, the federal government started an initiative under the pretense of Roshan Digital Account including the Naya Pakistan Certificate, Roshan Apni car and Roshan Samaji khidmat programs. These initiatives will help the economy of Pakistan immensely by making the overseas feel at ease with safe investment options.

Many of Pakistan’s banks have helped provide amazing opportunities to attract overseas investments. In the past the overseas did own the properties but it was a very risky thing because in their absence the land grabbing mafia used to covet their land and they used to harass the non-residents. The Roshan Digital account have collaborated with commercial banks and the RDA to provide for easy access to investment opportunities and to protect the investment of overseas Pakistani from kabza groups.

Features

Here are some features to note regarding the initiative

  • For pre-approved projects off-plan financing is available
  • Every property purchased through this initiative will have free insurance.
  • The loans provided are convenient and highly- flexible, providing tenure for 3-25 years.
  • There are two types of modes available financially, conventional, and shariah-compliant.
  • You can add other non-residents as co-borrowers.
  • Financial rates are highly attractive.
  • The non-residents don’t have to be physically present. Except for non-lien-based financing.

Process of buying a property through Roshan Initiative

The process of buying the property through this initiative is quite simple and easy to understand. There are some commercial banks in collaboration with RDA that provides the services of Roshan initiative. The non-residents can buy the property by using their Roshan digital account with easy-to-follow step.

  1. First, you need to visit the websites of the banks that are in collaboration with RDA. These banks include,

Bank Alfalah, Meezan bank, HBL, UBL, Standard Chartered Bank, Faysal Bank, Samba Bank and Muslim Commercial Bank.

  1. Then you need to select the property and provide the copies of all the mandatory documents.
  2. Then you need to nominate a person in Pakistan as you won’t be present physically for the sale and financial transaction.
  3. Next step is transfer; the property will be transferred to the investors name.
  4. The bank will hold onto the payment for the screening and valuation of seller and the property.

There are a few other things to keep in mind before proceeding with the home financing.

Based on the applicant’s cash flows and repayment capacity, the applicant can select the property before or after applying for the loan. Secondly if you are applying for a lien-based financing then there is no requirement of co borrower. But if you apply for non-lien based one then you need a co borrower as their presence is mandatory. And the last thing is that Roshan initiative supports self-chosen properties as well as banks chosen properties.

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Top 3 Problems faced by overseas investors

Pakistan’s real estate industry contributes a large part in the overall economy. And it is one of the sectors that generate the most jobs and wealth in the economy. Even though the real estate industry is a stable sector to invest in, but the economic and political instability have made the investment in this sector a lot more challenging.

There are many challenges in the industry over the years faced by the investors. The world hasn’t been able to heal from the covid destruction. The hit by the virus has played a great part in the overall instability of the real estate industry.

Over-Regulation

One of the main reasons, why the real estate investment is obliterating is the high taxes on the investments. After the taxes imposed by the government over the years the whole sector investment is shrinking. Ban on non-filers and other FBR restrictions have discouraged the investors and due to this phenomenon, the real estate industry is crumbling, and it is in a volatile state.

The high taxes and strict regulations make it harder for the overseas Pakistanis to invest the industry, which is not a good indicator for our society and economy. Too many formalities and strict regulation for overseas investors is never a good thing. They don’t get high returns in profit causing them to divert the investment to other countries with a stable and developed economy. The infrastructure of Pakistan is also weak hence causing the distrust in the investors regarding the investment.

Fast Changing Policies

There has been a lot of economical changes since 2017 and the recession regime in 2018, causing a lot of economical, industrial, and political issues. These issues caused lack of confidence and changes in the real estate policies. The fast-changing policies makes the investors lose trust and confidence in any investment. Especially for overseas Pakistani who are not even in the country to adjust with the pace.

So usually, the investors start backing out and it causes a strain on the economy of Pakistan. During the online surveys it was found out that most overseas Pakistani are interested in investing in Pakistan especially in the real estate industry. But Pakistan’s rank out of the 129 countries have decreased a lot. Due to the economic pressure, changes in the policy and the strict regulation the overseas investors pull their investment form Pakistan and divert them elsewhere.

Safety of investment

One of the prime concerns for the overseas investors is the safety of their investment and are the development speedy or not. Are the developers trustworthy? And what kind of plans the will be following and how they align the guidelines provided by the government of Pakistan.

There have been a lot of fraud investments and in most cases the investment is not even recovered. Due to these obvious reasons, the overseas investors are hesitant to put their money in Pakistan’s real estate industry. The projects have good plans and yet they are never complete making it easier for investors to lose their money rather than earning safe profits.

The assurance and security of the investment is important to any investor. The government is taking more initiatives to help overseas investors invest in Pakistan without having to worry about how it is going to work and whether they will receive any profit on it.

Some of the great options to invest in Pakistan real estate sector is to invest in development started by the governmental bodies that are authorized and have a high completion rate. Such as Smart city overseas block (Islamabad and Lahore), Bahria Karachi Overseas block, Princeton Farms Barki road Lahore etc.

Government is taking steps to ensure that your investment is safe and to bring in the market and cash flow in Pakistan to stabilize the economy.

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