How Can Overseas Pakistanis Buy Property in Pakistan

Pakistan Real Estate Market is a lucrative and thriving investment sector that attracts foreign and local investors alike but more than just investment is the fact that proper information and guidance is needed for authentic property investment so that no fraudulent activity doesn’t occur. There are a lot of hitches and legal complications involved in real estate investment especially for overseas Pakistanis, the terms and conditions and when it comes to rental property as well. Before you make up your mind about property and land investment in Pakistan, beware of some precautionary real estate measures you must go through to ensure a genuine and clean property transaction is undertaken.

In this post, I am going to jot down the pointers helping you understand how overseas Pakistanis can invest in their homeland and the documents you require to submit before buying a property in Pakistan. The documents you need are: 

• Copy of your recent passport and six passport size photographs
• Copy of NICOP (National Identity Card for Overseas Pakistanis issued to a legitimate Pakistani citizen)
• Copy of Exit Stamp on passport
• A copy of entry stamp of the foreign country where the expat Pakistani resides
• List of names of immediate family members along with their passport size photographs
   

Before thinking to invest in properties in Pakistan, I would suggest you to conduct thorough research in order to be sure that you are going to buy property legally and won't be trapped by a fraudster. Moreover, you must know about the legitimate developers and renowned real estate developments like Apex Group that has an unblemished reputation for 15 years. Consult Apex Group with your property worries as it will also lessen the chances of property scams. For instance, instead of investing in any property located anywhere in Pakistan, you should prefer finding properties in leading cities of Pakistan including Lahore, Karachi, and Islamabad. 

Additionally, consider investing in Top residential developments in Lahore such as Bahria Town, Defence Housing Authority (DHA) and other gated societies. These societies have authorized property agents and keep the computerized records of properties to minimize the chances of fraudulent activities. Defence and Bahria Town are already considered as the most popular choices amongst overseas investors. For those overseas Pakistanis looking to rent in Islamabad, the options are premium and countless. Some Top localities worth investing in Karachi for the secure residential living in Karachi are also mentioned for you.

Defence Housing Authority (DHA) has come up with an additional factor to keep fraudsters at bay that overseas Pakistanis has to be present and collect the allotment letter himself from the DHA Office. After reading the previous guidelines and knowing the checklist, one thing is sure that buying property in Pakistan is not such a hectic task for overseas investors. With the help of this guideline, you can easily complete the transaction yourself without taking major help from others.

For more updates and FAQ’S regarding property investment or consultation feel free to contact Apex Group and we will guide you.