Tips For Investing In Gwadar Property
Gwadar is located on the south-western coast of Baluchistan. It is a port city located on the shores of the Arabian Sea opposite Oman.
Gwadar has been developing its infrastructure at a rapid pace. It is known to be a pivot of China Pakistan Economic Corridor. The investment influx in Gwadar is unprecedented. Experts have marked Gwadar as a game-changer for Pakistan’s real estate.
Investing In Gwadar:
When investing in any business project, one should do a background check and be aware of the pros and cons of the investment. For a profitable investment, one should do research beforehand. In real estate, one should search the area before investing. Some profitable areas for investing in Gwadar are the Sangar Highway scheme, New World City, GDA Housing Scheme, New Town Housing Scheme, and Gwadar Industrial Estate.
Tips for Investing in Gawadar:
The investment area’s prominent features should consist of amenities including green areas, hospitals, education facilities, parks, entertainment facilities, fuel stations, and transport facilities.
One should invest in an area that is up and coming as it allows one to be part of the development before the prices rise. The idea goes well for Gawadar as it’s an up-and-coming project, and investment in its property will be profitable.
Gwadar has a location that is planned to be used strategically for trading purposes of the country. Gwadar is to become such that all exports and imports will pass through its deep-water port. The imports will be from China, and exports will be to and from Africa, the Arabian Gulf states, the Middle East, and Europe. There will be a facility of a floating liquefied natural gas facility built as part of the $2.5billion Iran-Pakistan gas pipeline project.
Demand For Property:
The demand for property in Gwadar has been rising, and the indicator for it is the construction carried out in the special economic zones of the city. The inspiration for Gwadar has been taken from Shenzen. Shenzen is a zone of China. Before its development, Shenzen had a population of 30,000 and today consists of between 13 to 20 million.
If a fraction of what happened with Shenzen takes place in Gwadar, the demand for real Estate in Gwadar will skyrocket. The statistics show that in 2014 Gwadar consisted of a population of 85000 inhabitants, and its current population is estimated to be 250,000.
Documentation Of Property:
Scams have been common in all parts of a business; one should be cautious when investing. CPIC helps with providing all required documents on time after the completion of the purchase. Faulty or non-existent paperwork may be provided as original to scam the investors. To ensure that the documents are original, CPIC comes in handy.
Real estate requires making the right choices as an investor. It requires knowing one budget; how much an individual needs to spend, including extras and not just the purchase. The extra pay may include legal fees, tax fees, and other payments. The best idea is to keep extra cash on hand for expenses one may not have calculated or even thought of.
Once details are collected, one can get an idea of how much one can afford. One method to make a purchase at the best price is by being assisted by consultants and being transparent about one’s budget and costs throughout.
The first step of investing in Gwadar would be buying a plot of land. The next step is to actually start the construction of a home on the plot of land bought. The reliable move would be to hire tradesmen who can get done with the construction on time at a reasonable price.
Make A Flexible Investment:
Investing in land is a secure asset and won’t wear out, get broken, stolen, or destroyed. A finite amount of land is available in Gwadar, and prices are rising per investment; invest in land to rent out or to use yourself.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Overseas Property Interest in Homeland: Top Housing Societies
Overseas Pakistanis, whether working or living abroad, are always looking to create an investment portfolio to continue their lifestyle in their country after retirement. Making safe investments could be difficult, but thanks to continued government incentives, real estate is a great and highly desirable alternative nowadays.
Although choosing a decent real estate project requires prudence and precision, New Metro City is largely considered to be the safest and most successful investment.
Real estate has always been an attractive sector that provides great returns on investment both in the short and long term. In addition, several benefits included in the 2022 Construction Package, as well as recent incentive constructions in New Metro City, have given weight to the huge housing program for Pakistani expatriates.
In addition, many Pakistanis living abroad were deceived when they tried to buy property in Pakistan. To minimize anxiety, we provide this information on the best societies in Pakistan so that our foreign Pakistanis can invest safely in their country.
The reason for interest in homeland property for overseas Pakistanis:
Foreign visitors now account for more than 30% of all real estate purchases in Pakistan. Let’s first discuss the benefits:
Roshan Online Account:
Roshan Digital Accounts was also launched, allowing overseas Pakistanis to effortlessly participate in residential and commercial real estate through legal methods. The State Bank has imposed a three-year minimum period for investment in real estate.
Depreciation of the Pakistani rupee:
Pakistani migrants living in places like the United Kingdom, the United States and Dubai are earning in the currencies of their respective countries, which are now trading heavily against the Pakistani rupee. As a result of the inequality in currency prices, they have an advantage over locals in investing more in local homes and real estate.
Interest Rate Reduction:
According to a recent official announcement issued by the State Bank of Pakistan, the interest rate has been declining. People are forced to withdraw their funds from banks and invest in other areas when interest rates fall. Obviously, the real estate sector has an advantage here.
The government’s 2022 Construction Package, unveiled after an ongoing epidemic, is appealing, especially for overseas buyers. It includes a tax amnesty system for the real estate sector, which allows people to participate in the building business without identifying their source of income.
Then, a one-time capital gains tax exemption was provided on the sale of a personal home of up to 500-yard home or 4000 sq. ft. payment. These incentives are valid until December 31, 2022, however, the deadline is likely to be extended.
Best Pakistani Foreign Investment Companies:
There are various options for foreign Pakistanis to invest in real estate. We will look at some housing plans in Pakistan for foreign investors.
However, before investing in any property, including the largest corporations in Pakistan, you should consider the precautions outlined later in the blog.
New Metro city Kharian:
Overseas Enclave is one of the most common blocks in New Metro city Kharian. The assets are approved and licensed. This block is completely built, and it offers a wide range of facilities, from basic to grand. According to the project’s official website, Overseas Enclave was “built around bright sights of the beautiful lake.”
Add beautiful green parks to its grandeur. People who want to get away from the hustle and bustle of the city while still being in an elite area generally visit Overseas Enclave. Many families already live here. It should be noted, however, that only Pakistanis living in other countries can buy property in Pakistan.
One channel of land is rentable in the Overseas Block. In the society, there are also 10 marl mansions with property values ranging from crore PKR 1.3 and crore PKR 2.5. If you want to invest in plots in Overseas Enclave, you can buy 10 seas and 1 canal property. Contact reliable network dealers to keep you updated.
New Metro City Gujar Khan:
New Metro city Gujjar Khan is the next residence project. Rumor has it that 10 or 5 sea homes will be offered for sale. Prices range from approximately PKR 50 lakh to PKR 85 lakh. Get help from our property consultant to know more.
Documents Needed When Investing In The Leading Companies Of Pakistan:
Everything is incomplete unless proper documentation is provided. To invest and register property on your behalf, you will need sufficient legal documentation. The following are the basic lists of articles that are needed by you for an additional method:
- 2 or more existing passport photocopies
- Latest passport size photos of you
- At least 2 copies of the National Foreign Pakistan ID Card
- Photocopy of entry mark for residence in a foreign country
- Pakistani exit mark photocopy
- List of family members
- Photocopy of the National Identity Card of the next of kin
Before the articles can be submitted and processed further, you must first approve them. You also need to keep the security deposit and security index on file for future problems.
Before Making A Property Investment, Security Resources For Overseas Pakistanis:
Consider these tips before investing in leading companies in Pakistan for foreign Pakistanis.
Confirm that the land has been approved by government authorities:
The first concern that arises when considering buying a property is whether or not a home project is safe to invest in. If it is administered by municipal authorities such as the Capital Development Authority (CDA), the Karachi Development Authority (KDA), or the Lahore. Development Authority (LDA). Either from a regulated administration such as the Defense Housing Authority (DHA) or the Pakistan Armed Forces (PAF), it is almost certainly a safe investment opportunity. Check if the housing plan is approved by the government. If a project is still seeking official permission, it should raise red flags for potential buyers.
Government officials continue to double-check the housing scheme. If work is still awaiting government permission, it should serve as a red flag to potential clients. Lack of approval, more often than not, means that the property will be revoked by the authorities in the near future. As a result, investing only in well-known, approved businesses is your best chance.
Don’t believe false claims:
Try not to be pushed into falling for real estate sales ads that are targeted at you on Facebook, other social media platforms, and on TV every other day. To be more specific, every Pakistani living abroad who wishes to acquire property in Pakistan should avoid falling prey to the tariffs advertised in these brilliant advertisements and should be aware of these commercially produced scams.
Beware of illegal properties and housing:
When dealing with counterfeit assets, these fraudulent companies and their schemes can be a nightmare for individuals living in Pakistan, regardless of who lives abroad. These companies or properties may be bad or likely to start later due to a lack of legal permits or government approval.
Buying property isn’t easy, especially if you’re not from the nation, but if you follow the above guidelines, you should be able to get what you want without falling victim to fraud.
You can also seek help and information from reputable properties with proven histories, such as Feeta.pk. We are one of the leaders in Pakistan real estate companies, dealing with various features like New Metro City, Gwadar Golf City and many more reliable housing societies.
Top Housing Schemes in Lahore on Installments 2022
Good news for the people of Lahore – lots of plots in easy installments!
Those who can’t afford a large sum for a plot can now invest in new home developments in Lahore 2022 every month. As Lahore’s population grows by the day, housing concerns become more prevalent. Most novices in this city have the option to rent.
However, affordability is not as easy as one might think, so in this case, in 2022, one will be able to acquire land in one of Lahore’s new housing schemes on payments. Basically, each society has its own payment plan, with various down payments based on community laws. The plot varies according to the size of the plots.
Seven Top Housing Companies in Lahore on Payments:
Possession of plots is granted immediately after the payment of installments, while in certain circumstances companies require additional time to provide possession after the completion of payments.
1. Kings City
Al Kabir Developers established Kings Town Lahore in 2019. It is located on Raiwind Road in Lahore. It sells houses in installments of 3 marl and 5 marl, as well as residential plots.
Kings Town Lahore is divided into two phases: Phase 1 and Phase 2. Phase 1 was released in 2019 with housing plans, while Phase 2 was launched in 2021. The project is near Bahria Orchard in Lahore, on Raiwind Road. Kabir Town Phase 3 is another name for it.
The payment plan for King’s Town Lahore (2022) includes one sector of A with residential plots available for booking. The 2022 payment plan offers 3 marlas for PKR 360000 and five marlas for PKR 5500,000 in total.
The reserve fee is PKR 600,000, plus PKR 25000 deposit. Houses will be bookable in 2022 with a four-year payment plan. A reserve option of a floor base is available, with prices from PKR 3600,000 to PKR 4200,000 according to a simple payment plan.
In 2022, Kings Town Sector A and Phase 1 Block B are also available for reservation. The company is also prioritizing a low-cost plot with high-end amenities, which is why fresh bookings for 2022 have begun in phase 2 of King’s Town Lahore.
Because the plans for 2021 and 2022 are so identical, all 2021 reservations can still be made in 2022, but at one price. One price refers to prices that are charged as a profit over the initial file price. Many others still have previous reservations but want to buy new ones in the phase 2 A-block. This demonstrates the market value of a society.
2. Dream Housing Society
On Main Raiwind Road, in front of Lake City and adjacent to Superior University Campus, Dream Housing Lahore is located. The Lahore Ring Road is a few minutes drive away. Residents will have easy access to the city’s main neighborhoods thanks to the Ring Road junction (LRR).
The company provides 3 Marla and 5 Marla residential plots for PKR 2,700,000 and PKR 4,500,000, respectively, and an inexpensive 48-month payment plan with PKR 15,000 and PKR 25,000 paid monthly for 48 months and two years. Under a three-year payment plan, commercial plots of 2.5 and 4 marl are also offered.
Brochure on Dream Housing
3. Park View City Lahore
The Vision Group has created and owns Park View City Lahore, a spectacular housing project. The land is about 7000 Kanal in size and provides housing for over 4500 households. The Thokar Niaz Baig flyover is a few miles from Park View City Lahore, which is located on the major Canal Road.
A legal NOC is present in the housing project. It is a Lahore Development Authority-approved real estate project and one of the Lahore housing companies that sell plots in installments. In addition, the housing association offers plots of 3, 4, 5, 8, 10, and 1 Channel per month.
Regarding the amount of the plot price, however, a 5% discount is available. Additionally, 10% additional costs will be applied to plots in the elite category, such as corners, park facing, and main boulevard locations.
4. Zaitoon City
Zaitoon City, located on Canal Road between New Lahore City, Bahria Town, and Multan Road, provides commercial and residential plots for 3.5 to 4 years on payments.
5. Lahore Smart City
Another housing company in Lahore that offers plots in installments is Lahore Smart City. Future Development Holding Private Limited and Habib Rafique Private Limited collaborated on this important project. This residential community in Lahore is also accessible from the Lahore Ring Road and is located on the Lahore Bypass.
Administrative and Overseas Blocks make up the housing project. Plot sizes of 5 marlas, 7 marlas, 10 marlas, 12 marlas, and 1 Kanal come with a flexible and inexpensive payment plan. In addition, this housing company has received approval from the Lahore Development Authority and is a great investment opportunity.
6. Dream Gardens
Dream Gardens Lahore is located on Raiwind Road, 2 minutes from Canal Bank Road, 10 minutes from Shaukat Khanum Hospital, with easy access from Lahore Ring Road and close to the city’s major universities. It is divided into two sections, each of which must provide an amazing storyline.
It has residential plots of 5 Marla, 7 Marla, 10 Marla, 20 Marla, and 30 Marla, as well as commercial plots of 6 Marla, 7 Marla, and 10 Marla. Residential parks start at PKR 5,948,800 and go up to PKR 26,790,300, with a 36-month payment plan and 12 quarterly installments available. Reserves start at 30% down and are spread over three years.
7. Al-Rehman Garden Lahore
Al-Rehman Garden of Lahore is an LDA-approved housing company. In addition, the project is being built by Al-Rehman Developers, one of the most famous and well-known real estate companies in the world.
In addition, the housing company consists of seven stages and is located on Ferozwala Road near Sheikhupura. Real estate investors have benefited greatly from the ideal location. Residential parks of 3,5,8, and 10 marl are available on a fee payment from the housing association.
At the same time, the commercial property is available on delivery in 2 and 4 marlas. Al-Rehman Garden is one of Lahore’s best-known housing associations, with a very reasonable monthly payment plan for the city’s population.
Lahore’s real estate industry is growing by the day, and with each passing day, builders and investors have to deliver some of the most innovative and exciting real estate projects.
The trader who initiates the strategy reaps a great profit. The starting price comes with the sold out files as soon as the plan is announced. For both buyers and sellers investors, this is a successful investment without the risk of losing money.
So if you can afford it, don’t worry about investing; just go to the advertised website and arrive early to secure a place.
As time went on, everything around Lahore became part of the city. So, don’t worry; new home projects in Lahore 2022 in installments will appear in the coming days, and their advertisements will be published soon.
However, according to Globe Estate and Builders real estate experts, the most recommended housing companies in Lahore are Kings Town and Dream Housing Society.
Stay tuned to Feeta Blog to learn more about Real estate in Pakistan.
Famous Tourist Places In and Around Gujar Khan City
Gujar Khan is a small town in Pakistan that can be explored in a single day. It benefits from natural resources such as oil and gas, and its population of about 75,000 people is rapidly expanding.
In this city, there are not many activities to do or places to visit. In addition, because it is a small town, there is less housing. People are generally considering stopping here on their way to nearby towns. You can stop here for a quick bite and rest from your travels.
Check out the list of places in and around Gujar Khan to learn about the best things to do in these places. So, the next time you are in Gujar Khan, you can choose which nearby city to visit for an unforgettable trip.
But first, let’s discuss …
Location of Gujar Khan City
Gujar Khan is about 55 kilometers southeast of Islamabad, the capital of Pakistan, and 220 kilometers northwest of Lahore, the city of Punjab. Gujar Khan is bordered on the north by Rawalpindi, Islamabad, and Attock, on the south by Jhelum, Lahore, and Gujrat, on the east by Azad Kashmir and Kahuta, and on the west by Chakwal and Khushab.
Gujar Khan is located in the Pothohar cultural zone. Gujar Khan is located two kilometers from the Dohngi Dam and about 35 kilometers from the considerably larger Mangla Dam.
Popular sights in and around Gujar Khan City
Sangni Fort is a fort built on the borders of Gujar Khan and Kashmir by the Maharaja of Punjab. It is located on a high rock on the way to Bewal via Daryala, with only one access.
It is closest to Barra Dari, a housing development containing two ancient sites. Dhandgali Bridge is an ancient wooden and rope bridge. It is an important curiosity. In addition, Lakhtala is a rocky place with devotional graves of people. Let’s discuss some of them in detail.
1. Bedi Mahal
The Bedi Mahal, also known as “Babay da Mahal (The Old Man’s Palace),” is a wonderful Sikh house built by a famous Sikh businessman and community leader, Baba Khem Singh Bedi. The mansion is in fairly good shape, with mysteries of its former grandeur still hidden behind its walls.
Although there is no specific date for its creation, the Bedi Mahal is said to have been built in the 1850s. It was built mostly of sandstone and plastered with lime surkhi (burnt clay). Artists and masons from the nearby town of Attock were commissioned to create beautiful paintings and carvings for this four-story, 84-room structure.
In addition to the remarkable interior design, there was an orchard, a stable, and a small zoo of exotic animals. A panoramic view of Kallar Syedan could be seen from the top of the skyscraper.
People went to social media to gather behind the cause of rescuing the Bedi Mahal and its majestic architecture from full decay while the Rawalpindi Development Authority (RDA) began to take on the role of historical protection.
Baba Khem Singh Bedi’s legacy is undoubtedly extensive and unfolded, but the palace’s architecture and frescoes may prove useful in future exploration of how cultures and beliefs have coexisted peacefully in the Potohar Plateau for millennia.
2. Masjid Rajgan, Bagnoter
The Masjid Rajgan is another attraction in Khanpur, Pakistan. This masjid, who is almost 140 years old, is still standing to tell his story. It has experienced many hardships over the years, and its majesty may have diminished, but its architecture and design, as well as the art and spirituality that have been witnessed here, make it incredibly remarkable.
Raja Sultan Jehandad Khan built it in 1872. The building was built with bricks and black stones, while the wood for the doors and cupboards came specifically from Leepa Valley.
Artists have been called in from Delhi, and as a result, the mosque assimilates all the basic elements of Islamic design. Its significance can be understood by looking at copies created in neighboring nations.
3. Sangni Fortress
The Sikh Period is thought to have begun in the late 18th or early 19th century. The grand fort served as a regional stronghold, with the aim of increasing authority over the area and increasing tax collection. A small hilly stream runs on three sides of the structure and is typically dry throughout the year. The fort is in remarkably decent shape.
The fort was most likely built during the Sikh period (1799-1849). In 1814, Sandhawalia Jat king Maharajah Ranjit Singh took over that region. It was created to maintain control of the region and to facilitate tax collection.
The British included this territory in Bewal. The fort gradually lost its significance and faded into obscurity. The guards of a discreet temple nearby moved the shrine to that fort. The fort is in fair shape, with intact walls, but the interior has been renovated and decorated due to the presence of Sahibzada Abdul Hakeem’s mausoleum.
Natural Resources in Gujar Khan City
Large oil and gas fields were discovered in February 2002 near Tobra, about ten kilometers from Gujar Khan. The Oil and Gas Development Company is developing the field. The field has the potential to produce 1,600 barrels of oil per day.
The Ahdi oil and gas field (Mastala) is located about 30 kilometers from Gujar Khan, near Daultala town, and is managed by Pakistan Petroleum. Huge oil and gas fields have been discovered in the Missa oil field, 5 kilometers from Gujar Khan, according to the Oil and Gas Development Company.
According to authorities, the find was made during drilling at well no. 3 from the Missa Kaswal oil and gas field near Tobra. The field has the potential to produce 1,600 barrels of oil per day. OGDCL is now looking for new natural resources in other regions of Gujar Khan.
Accommodation and Accommodation in Gujar Khan City
The lifestyle in Gujar Khan is almost the same as in other developed areas of Pakistan. Recently, we have seen a rising trend of entry-level housing in Gujar Khan. One of the next housing companies is New Metro City. New Metro City Gujar Khan / Rawalpindi is a model and extravagant project of BSM Developers. Following Gwader Golf City’s huge popular approval, BSM Developers will develop a new housing society to suit public demand. The purpose of this housing society is to provide people with the opportunity to live a royal lifestyle; Bahria Town and Gawadar Golf City are two examples of similar living standards; and, most importantly, to compete with housing societies that raise funds under the guise of development but deliver nothing.
New Metro City Gujar Khan’s main avenue will be carpeted and 250 feet wide. The main boulevard should have ample space as it is the main road coming to the housing society.
Many apartment complexes have a large main boulevard, but the streets themselves become smaller as you enter deeper into the complex. New Metro City Gujar Khan, on the other hand, has streets that are 40 feet wide, allowing you to park in front of your house without taking up too much road space.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Upcoming Top Housing Societies and Mall in Gujar Khan, Rawalpindi
Gujar Khan is a district of Rawalpindi, the twin city of Pakistan, and is connected to Islamabad in the north. The neighborhood has experienced unprecedented economic turmoil in recent years, as well as growing urbanization and infrastructure development. The city’s real estate market has also developed, and many construction companies now offer many housing schemes to encourage development.
This article is designed to shed light on some existing and upcoming projects and residencies in Gujar Khan.
Prominent Residential Societies in Gujar Khan, Rawalpindi
Gujar Khan had a significant Hindu and Sikh population, while many of these people converted to Islam during British control or fled to India after the partition. However, there are still Hindu temples and Sikh Gurdwaras in the vicinity that have not been preserved over the years.
With this brilliant history of Gujar Khan, here are some major housing projects in the district.
1. Model city
This housing company provides a refined and enhanced livelihood, as two of Pakistan’s most popular and well-known properties, Elegant Towns and City Homes PVT, represent a unique residential idea in Model Town, Gujar Khan. Everyone’s desire has always been to build a home in a gated community and enjoy all the benefits of safe living in a beautiful neighborhood with all the amenities of everyday life.
Model Town Housing Scheme is a TMA-registered project with an approved NOC, indicating that the project is a risk-free investment with good returns. Model Town Gujar Khan offers residential plots of 5 Marla, 7 Marla, 10 Marla, and 1 Kanal, as well as all the modern amenities and developments.
In a shrunken front door community, the project is one of the most favorable, inexpensive, and inventively sketched housing projects that would provide heavenly life and amenities to its residents.
Residents of the Model Town Housing Society will enjoy a high standard of living with artfully built mosques, abundant green parks, commercial areas on each block, wide roads and sidewalks, a community center, and access to all functions and services.
2. New Metro City Gujar Khan / Rawalpindi
BSM Developers brings a model and lavish project to Gujar Khan — New Metro City. Following Gwader Golf City’s overwhelming popular acceptance, BSM Developers will launch a new housing society to meet public demand. The purpose of this housing society is to give people the opportunity to live a royal lifestyle; Bahria Town and Gawadar Golf City are two examples of similar living standards; and, most importantly, to compete with housing societies that raise money from people under the guise of development but deliver nothing.
New Metro City Gujar Khan will have a carpeted main boulevard that will be 250 feet wide. Since it is the main road leading to the housing society, there should be enough space on the main boulevard.
Many housing estates have a wide main boulevard, but the streets themselves are too narrow as you dive deeper into the complex. New Metro City Gujar Khan, on the other hand, has 40-foot-wide streets, allowing you to park your car right in front of your house without taking up too much road space.
Because Pakistanis are predominantly Muslim, they require mosques close to their homes to be spiritual. Residents of New Metro City Gujar Khan will soon have access to a spectacular Jamia Masjid built by the owners and developers.
There will be shopping malls in the city where you can buy groceries for yourself, so avoid going to the main city center if there are shops nearby.
Security, in addition to the elements described above, is the most crucial feature. You can live in peace without worrying about robbers or others if the neighborhood is safe.
New Metro City Gujar Khan provides protection around the clock. Main gates will be well secured. Movements of strangers will be captured by CCTV cameras installed in key locations.
A housing association would not be a housing society without basic amenities, so it has 24-hour underground electricity, gas, and water.
About the developers
BSM Developer is a well-known proprietary development company; however, due to its well-known status in the real estate industry. BSM Developers has a megalithic partnership for CPEC-Gwadar, leading to investments with high stability and large production to offer a lift to the financial cycle. This is the family business of Malik Riaz, a business tycoon in the field of real estate and development, according to a popular introduction.
Who hasn’t heard of CPEC, Gwadar or Gwadar Golf City? Gawadar Golf City is a well-known housing company in the city. It was the only civilization that first developed and then delivered to its inhabitants at very low costs. Gwadar Golf City & New Metro City Kharian is a project of BSM Developers that combines architectural grandeur with avant-garde amenities to transform the golden sands into economic progress and development.
3. Prism Town Gujar Khan, Rawalpindi
The Prism Khan Gujar Khan housing company is located near Rawalpindi and Islamabad on the main GT route, making it conveniently accessible from both. The community will present all the amenities that society should have. So if you want to invest in a great environment, this could be the perfect alternative.
Each housing association is distinguished from the others by its location. As a result, most people like to live in an easily accessible place. As a result, Prism Town Gujjar Khan is the biggest solution for them, considering their needs.
- Located on Main GT Road near Al Mannan Marriage Hall
- 250ft main boulevard
- Development began in March
- 40 ft streets
- Pre-launch rates
- Masjid for each block
- Large parks
- Underground Electricity
- Water supply
- 24/7 security
- Inbound community
- Large commercial areas with multinational brands
- 3 year easy part plan
- Evolution of the state of the art
Gujar Khan Mall
It is another development project in Gujar Khan. Gujar Khan Shopping Mall (MoGK) is Gujar Khan’s first state-of-the-art shopping mall, as its name suggests. It has a total area of over 150,000 square feet. Although it may not be as big as other well-known malls in the country, such as Emporium or Lucky One, the quality and atmosphere are just as good.
You will forget about the severe traffic and pollution of the city when you reach the Mall. The Mall seems to be a separate city within Gujar Khan. Royal Business Solutions is the company behind the project (RBS). Don’t be fooled by the title “mall” as the mall also has luxury accommodations. Gujar Khan’s main GT Road is home to the Mall.
Residential Apartments have three separate entrances
It is one of the greatest features of the Mall. If you’ve ever visited the Centaurus of Islamabad, you’ve probably noticed that even the locals are trapped in the long parking lines.
Despite having its own door and parking, it is too close to the guest entrance. Residents must therefore wait in traffic while owning multi-crown housing. Fortunately, the MoGK has recognized the problem and is now providing residents with three separate entrances.
Separate Parking for Residents
In addition to the three separate apartments, the Mall offers dedicated parking for the residents.
So, what are you waiting for? Embrace yourself for amazing upcoming projects in Gujar Khan such as New Metro City. Stay tuned to our property portal to know the booking details and other updates about the project.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Most Expensive Sectors in Islamabad
But what exactly makes these sectors so expensive? The answer lies in its commercial and residential values, as well as its location close to the hills and the main markets of the city.
Feeta.pk, Pakistan’s smartest property portal brings a detailed overview of the most expensive sectors in Islamabad. Let’s take a look.
Who Is Living in the Expensive Sectors of Islamabad?
It is an understood fact that these highly expensive sectors in Islamabad are preferred for living and investment by millionaires, given that they can easily afford to live there.
Most of the population living here consists of government officials, businessmen, politicians, and even foreigners. Since the sectors are posh and close to the best commercial areas, these sectors are a popular choice for foreigners.
The 9 Most Expensive Sectors in Islamabad
The property value of houses and plots located in expensive sectors is based on how safe they are, and what areas are in their proximity ie parks, restaurants, markets, etc.
Most houses for sale are valued as per how close they are to the main areas, and how the trend increases over time proportional to their demand. All of these sectors fall under the list of CDA approved housing societies, making them ideal for investment and for living.
These expensive residential sectors of Islamabad are mentioned as follows. The capital city, besides being famous for its beauty, is also famous for the posh living standards that it offers. Because of its planned sectors, cleanliness, and serene atmosphere, most people do not mind spending beyond their budget limit to buy a property in the most expensive sectors of Islamabad.
|Sectors||Expensive Sub-Sector / Road||Size of Houses||Estimated House Prices Upto (Rs.)|
|E-7||Gomal Road||5 Marla – 4 Kanal||50 – 90 Crore|
|F-7||Parveen Shakir Rd, Parbat Rd, Nazim-ud-din Rd, Bhittai Rd||5 Marla – 4 Kanal||42 – 80 Crore|
|F-6||Khayaban-e-Iqbal, Hill Rd, School Rd||5 Marla – 4 Kanal||27 – 35 Crore|
|F-8||Kohistan Rd, Kaghan Road, Park Rd||5 Marla – 4 Kanal||20 – 30 Crore|
|F-10||F-10/2, Sumbal Road||5 Marla – 2 Channels||10 – 25 Crore|
|G-6||Ataturk Avenue||5 Marla – 2 Channels||15 – 38 Crore|
|F-11||F-11/2, Hilal Road, Hamza Road||5 Marla- 2 Channel||10 – 25 Crore|
|I-8||Sector I-8/2, Type Sultan Road||5 Marla- 2 Channel||7- 15 Crore|
|D-12||D-12/1, D-12/4||5 Marla – 2 Channels||5 -18 Crore|
E-7 is not just an expensive sector in Islamabad but also ranks as one of the most expensive areas in Pakistan. This area is home to many diplomats, foreigners and embassy officials, given it is right at the base of the Margalla hills.
The sector has a range of luxury houses that go up to 4 canals and also encloses a commercial market area that has renowned restaurants and salons.
F-7 is one of the most sought after sectors in Islamabad that connects to Faisal Avenue and Margalla Road, as well as a linking road, Nazim-Ud-Din Rd, which leads to Blue Area.
Because of its prime location and easy access to the main sectors close by, F-7 leads as one of the most expensive sectors in the city. With lush green land around and carpeted roads, the sector encloses the top commercial areas with modern amenities and facilities for its residents.
Currently emerging as the second most expensive sector in Islamabad, F-6 is the home of posh cafes, homes, and brands that make up the vibe of the city. Kohsar Market F-6 and Beverly Center are two famous commercial areas in F-6 that are frequently visited by the elite class.
Because the sector comprises multiple embassies, the security of the area is always up to the mark. The close commercial space paved with designer brands and restaurants is a great option for foreign consulates.
Due to its high commercial value, it also ranks high as a residential area, which is why it falls in the expensive range of real estate properties in the capital.
With a high geographical advantage, Sector F-8 is considered one of the most valued sectors as it is surrounded by major landmarks and well-settled neighborhoods.
The property value in this sector is very expensive on account of the infrastructure and the facilities available.
The roads of this sector are well connected with other sectors, joining the rest of the areas inside and outside the city. Sector F-8 comprises many head offices of big companies as well as buildings.
Besides this, the main Islamabad Kechehri is also located in this sector, which is why the real estate value of this sector is very high.
F-10 shares a border with Fatima Jinnah Park (F-9) and lies adjacent to Margalla Road. The sector has a big commercial area that caters to top brands from across the country, as well as multiple restaurants.
It is surrounded by an organized road network that keeps it connected with the surrounding areas and sectors. Because of its border with an active commercial area, F-10 is one of the most expensive areas of Islamabad with all luxury amenities and facilities nearby.
G-6 is one of Islamabad’s most prominent and expensive sectors. Its high value is relative to its location situated across Jinnah Avenue and Kashmir Highway, making it almost central to the commercial areas and other main sectors of the city.
Sector G-6 links to Blue Area and is a lush green area with clean carpeted roads. The area has famous markets and landmarks nearby such as Aabpaara and Shakarparian National Park.
Because of its easy accessibility for the residents in G-6, the price trends have gone very high, especially in the areas that are close to Blue Area.
F-11 is one of the most expensive areas in Islamabad. It caters to the posh living standards of bureaucrats and businessmen. F-11 is a developed sector with elite commercial markets and facilities that add to the ease of people living in the area.
F-11 shares a link road with F-10 and E-11, and also lies adjacent to Margalla Road. Besides expensive houses in the sector, there are also many apartments and housing schemes, such as the Naval Housing Scheme, which are located on Hilal Rd and contribute to the value of this sector.
The I-8 sector has gradually developed into a highly expensive sector in Islamabad, just after the F sector range. The sector has gained the massive interest of investors who are looking for commercial and real estate properties.
This sector is one of the most sought after locations in the capital because of its fast development and convenient access to twin cities.
Besides the commercial market and top restaurants in the sector, I-8 also has several schools, colleges and hospitals nearby.
D-12 is a scenic sector that is located right next to Margalla Hills, beside E-11. It is a developing sector and has already attracted the interest of real estate investors, because of which the property value of the sector has increased at a drastic rate.
The layout is similar to other sectors in the city, with developing commercial spaces and necessities available in the area.
Keeping the above pointers in mind, it can be concluded that Islamabad’s sectors have always been subject to high property values due to the planned infrastructure of the city as well as the beauty of nature around them.
With time, these top sectors gained value based on the commercial value, location and security of the area.
If you’re looking for more information regarding real estate investment opportunities, follow our Feeta blog.
FAQ on Rental properties in Pakistan / Passive income in real estate
Frequently Asked Questions – Pakistani Rental Properties / Passive Income
Earning a passive income from rented property in Pakistan is by far the safest and surest way to get rich. This FAQ will answer some of the basic questions you may have in mind.
Q-1 Rental properties are depreciating and therefore do not offer high yields?
Answer- The problem of depreciation only exists in houses, especially since they offer only 3 to 4% rental yield per year. Advertisements and shops can be like new after small renovations and some apartments offer up to 10% rent to offset any depreciation effect. As a general rule, rental real estate should give you an average of 15% earnings per year. In some value classes, rent can be more than capital gains and vice versa, but it’s good as much as you get 15% of the total earnings. In addition, the benefits you receive from your rental income will be value added over this 15% or will make up for any shortcomings.
At the end of the day, you have to be careful to find a rental property that gives you a nice return. That’s why you need an expert who can analyze and predict capital gains and expected rents for at least the next 5 to 6 years.
Q-2 Do rental properties need time to build and therefore cannot offer returns as shown?
Answer- When you buy a rental property in Pakistan, you need to look at both aspects of income which are capital gains and rental income. Normally, already built property will offer 6% rent per year. However, if you plan to build one or buy one that is still under development, what you lose in rentals during the time it is being built, you get capital gains. Those that need time to build, such as tall ones, are usually much cheaper while they are being built.
On average, a good high-growth project will add at least 60 to 80% in capital gains over the construction period, which lasts 3 to 4 years. This capital gain is usually more than 20% thus compensating for the lack of rental income during this period.
Q-3 In rental properties, can problems arise such as lower rents, which can decrease your ROI?
Answer- Like all investments, even rental property can change under certain circumstances. However, this change can be negative or it can also be positive. For research and analysis target conditions must be ideal for both rental property investment and speculative business investment. Because the chances that speculative traders are wrong are much higher than the tenant investor losing a few months of the lease. Therefore, maintaining the ideal situation for both types of investors is important and is in fact more favorable to the speculative trader.
Q-4 Do houses or commercials give more capital gains than apartments?
Answer- Houses, commercials and apartments are three different asset classes and will not follow similar cycles. Gain in houses over time is due to gain in plots, which calms down after the area matures, similarly apartments will also slow down after the building matures. Later, many other factors will come into play to decide whether that property will grow further or not. Similarly, commercials have their own cycle to follow with their own risks because a very large number of commercials do not show much appreciation.
As long as you understand the different dynamics and act accordingly, all of this will yield very good capital gains. Therefore, capital gains will depend on many other factors than just the active class.
Q-5 Which is the best rental property among houses, apartments, commercials and shops?
Answer- Houses are not suitable for rentals, however, as for the other three, each property must be judged separately to identify who will give you optimal rental returns. It will be wrong to give any preference depending on the active class as such.
Ultimately, it all depends on your choice of individual property rather than its value class. A good housing project can outperform an average business in capital gains and conversely a good commercial property can beat an average housing project easily.
Luxury serviced apartments in Gulberg Lahore for Air BnB rentals are a safer and safer bet than other types of real estate for rental purposes.
Q-5 ROI on rental income is slow, while plots can double their price in a very short period of time?
Answer- You must have heard the old saying. ” slow and steady wins the race“. Rental properties are that turtle that seems slow but never stops, thus giving you a more stable consistent income over the period.
The unpredictability in speculative trading is its biggest enemy. Although speculative trading gives an illusion of higher returns, the high failure rate balances it out. In addition, speculative trading is not suitable if you are an emigrant or a busy person who will not have time to look at the real estate markets constantly.
Our study has shown that both rental returns and successful speculative trading can make almost equal amounts of money in the long run. So renting property leads to being the safest and safest way to achieve your financial freedom goals.
Q-6 Rental properties usually only give 3 to 4% rental income per year?
Answer- That’s not true, only houses give 3% and we already consider them as lame wolf property. Apart from this, some commercial real estate does offer only 4% rental production, but this is usually because they are not yet fully mature and offer much more in terms of capital gains. So investors are happy with them considering that the combined gains are usually 15% or more.
Q-7 (Part 1) Suppose I invest 13 million in a 562 Sq.Ft apartment. After 13 years will I get my capital back on 10% rent?
Hotel Apartment Sq.Ft: 562
Tariff (kv.Ft): 23000
Total Price: 12,926,000
10% Annual Income: 1,292,600
Annual Service Fees (Kv.Ft): 30 Rs * 562 = 202,320
Own tax: 50,000
Rent Tax: 60,000
Annual in Manluo: 980,280
Answer- The calculations we provide do not cover any taxes or liabilities, no matter if you are investing in speculative real estate or rental property in Pakistan. The impact of these taxes will be felt on both sides and will certainly affect ROI but is the bare minimum. For example, the service costs are not as high as 30 PKR and in some cases, they should not be paid by you but by the developer or tenant. In addition, after one or two years, a 10 to 20% increase in rentals will cover any debts without putting a big dent in your rentals.
Second, if the purpose of the question is to compare plots or files with wolf holdings, then similar duties apply to commercial plots as below:
a. Instead of annual service costs you pay a non-construction penalty on parcels and even sometimes development costs.
b. Property tax will be paid even if you also own land, so it is not only applicable to the wolf property.
c. You will pay capital gains instead of income tax because during trading you will sell plots mostly in less than 4 years.
Q-8 (Part 2) If rent in between it can get my capital back in 11 to 12 years?
Answer- The mistake most investors make when it comes to this calculation is that they do not calculate the profit on rental income. In reality, it will take a maximum of 5 to 6 years for the repayment of capital investment, if you reinvest your rental income at 10% per annum. This could be even faster if you invest with Feeta.pk 1 crore challenge where we can get you up to 20% annual returns.
Take a look at the calculations below, based on a conservative analysis of the apartment in question. During the construction process, we expect 80% growth, then 12% for three years, and 10% later for capital gains. Similarly, the reinvestment of capital is only calculated at a conservative 10% per annum instead of 20%. You can clearly see that it will only take 6 years for the return of your capital after ownership.
Even if we calculate capital gains at 5% after the 3rd year, the value of your asset will still be close to Rs 4 crore. However, it can be said that the rent capital should grow by 15 to 20% rather than 10%, so realistic performance can vary and the calculations below are just to understand the concept of rental investment and the compounding effect.
Q-9 (Part 3) During this period If I want to sell my apartment to invest in some other area. I will be stuck in the apartment.
Liquidating Assets (housing) will be more difficult. You may be blocked for a longer period than plot Winding. Because Average Liquid Asset (plot/house) lasts 6-12 months on normal days.
Service Apartments are good for rental purposes. But for monetisation, we may be stuck for a longer period of time. Because people prefer to book new apartments for a fee not 5-10-year-old apartments at full payment?
Answer- Selling a rented built property will take a little longer than a plot or file. However, rental property continues to give you cash every year, unlike a plot or file, which is in fact a liability because you will pay the non-construction penalty and other company charges as well as development costs in case of any plots and files.
So it all depends on how you define liquidity? a property that will sell out quickly or a property that will repay you 10% in cash each year and repay 100% capital in 5 to 6 years.
Ultimately, like any other property, how quickly your apartment will sell depends on the quality of the project rather than the value class. Not all projects will be the same and sales will vary depending on your choice today. Monotation is also much better in relation to wolf ownership because you will have full capital in 6 years which can be invested again in other places.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Know the Difference between Buyer’s Market and Seller’s Market
Would you like to sell or buy a home at the best time of year? Despite the fact that certain seasons may be busier than others, the fluctuations in the real estate market are much more influenced by supply and demand than by the time of year. Keeping an eye on the housing market is one of the most important things to watch and watch out for whether you’re in a buyer’s or seller’s market in your local area.
Everybody wants the best deal on a new home, but it’s not always easy. In the wake of the COVID-19 pandemic prospective homebuyers have had a difficult time answering the question, “Why are houses so expensive at the moment?”.
In order to save on a new home and avoid overspending on the mortgage, savvy homebuyers try to time their purchases around buyer’s markets.
When purchasing a house, it is important to know the difference between buyer’s markets and seller’s markets. Let’s find out more with this blog.
What Is a Buyer’s Market?
Buyer’s markets occur when more homes are for sale than buyers are available. It means that more homes are listed for sale than there are buyers. Buyer’s market often refers to the state of a market where there is relatively more inventory than demand.
Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell for around the listing price or even less in a buyer’s market. You cannot raise your asking price much without causing buyers to look at comparable homes offered by other sellers in your neighborhood.
Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower sale price instead of waiting for the right buyer to come along.
Seemingly longer than average time on the market is another sign of a buyer’s market. There’s likely a buyer’s market if the for-sale signs aren’t replaced with sold signs as you drive through your neighborhood. There is little chance of seeing a bidding war over a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.
What is a Seller’s Market?
During a seller’s market, the number of buyers overrules the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in a seller’s market can be a great option because you can get a higher sales price than your listing price, or at least more than your bottom-line price (the lowest price you’re willing to accept for your house).
Be aware of the seller’s advantage when buying a home in a seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.
An offer made by a competing buyer could cost you the opportunity to buy the property. The seller’s market is sometimes referred to as a renter’s market because sometimes prospective buyers must continue renting until they can raise their down payment and compete with other buyers.
According to a licensed realtor from FL Cash Home Buyers – the key to selling a property fast is to utilize as broad of a net as possible for buyers. The key to this is to find the right realtor. Realtors can help sell a house not only quicker but usually more profitably and as legally correct as possible.
The market for Buyers or Sellers? Find Out with These 4 Tips
A buyer’s or seller’s market can be determined without being an expert in it real estate. The easiest way to tell can usually be found by looking at current and recently sold listings.
A buyer’s market has the following characteristics
- Sales of homes are slow
- The homes sell for less than the list price
- The home price index is declining
- There are many homes available for sale
A seller’s market has the following characteristics
- Houses sell quickly
- The home sells at or above the listing price
- The price of homes is rising
- There aren’t many homes for sale
A Few Tips for Buyers
When there are limited housing options and a lot of buyers are interested, time is of the essence.
- A seller’s market is an excellent time to act fast if you find your dream home. Those who hesitate over a house they want to buy may find it is no longer available by the time they are ready to negotiate. Getting pre-approval for a loan before you need it will ensure financing.
- Make sure you know you’re at a disadvantage before you make an offer. There is no need to push for specific closing dates, concessions, or contingencies in a seller’s market. Make sure you focus on what’s important to you. Make sure you think twice about stipulations you want to be written into the contract. Make an all-cash offer if possible. Since cash buyers don’t have to deal with financing issues, sellers prefer them.
- Having patience is crucial when you keep losing out on the homes you are interested in. Don’t get discouraged if you keep losing out on homes you are interested in. Frustrated buyers end up suffering in a seller’s market. Many inexperienced bidders engage in bidding wars to get the home they want, even if the home isn’t worth much. That’s not a good idea.
- If you are tired of losing, you may end up making an offer on a home you wouldn’t usually be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a low-cost house. You’d be better off waiting until the market cools off before starting your home search.
A Few Tips for Sellers
To increase interest in your property in a seller’s market, you’ll need to compete with other sellers.
- Before you market or show your property, make sure your home is clean and organized, and in good condition.
- The price of a home tends to rise in a seller’s market, but pricing your home relatively still helps. You’ll be more likely to attract buyers if you lower your asking price slightly below fair market value. It is common for sellers to list their homes slightly below their assessed value to encourage bidding wars.
- Examine offers carefully: During a seller’s market, it’s even more important to consider offers carefully. In their search for the highest offer, sellers frequently ignore the buyer’s financial strength. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the funds. The appraised value of your home cannot be financed beyond that.
- Your last concern should be accepting an unrealistic offer and then having to resell your home when the deal falls through. Buyers will have more power when negotiating when your house has been on the market longer.
- Make sure any buyer who requires financing is preapproved for a loan. When buyers receive pre-approval, their credit and finances are verified, ensuring they can obtain a loan for a specific amount. Prequalification, however, is merely an estimate of a buyer’s finances.
- Observe contingencies: Also, be aware of offers that include contingencies. In the event that certain conditions are not met, buyers can back out of sales contracts, including mortgage house contingencies, home sale contingencies, appraisal contingencies, and inspection contingencies.
- According to Phil from Cash offer Please, Many homeowners choose to sell their homes through a real estate agent in order to get the best price. However, you may be able to sell your home for less than market value by making a cash offer to the buyer.
Knowing where the market stands is beneficial when buying or selling property. There is less competition for buyers in a buyer’s market when there are many homes available. On the other hand, a seller wants to list their house during a seller’s market when there are fewer properties for sale and a high number of interested buyers.
It is still important to hire a real estate agent, regardless of the market conditions in your area. A real estate agent can give you a leg up on your competition, regardless of market conditions.
Choosing the right time to buy a home can be a major challenge. In a seller’s market, you will notice that homes disappear almost immediately after being listed. To avoid losing out on what could be your dream home, you should get preapproved as soon as possible instead of waiting until the last minute.
New Property Valuation Rates apply until January 31
The Federal Board of Revenue (FBR) has postponed its determination on the application of escalating housing values levies in 40 major cities until January 31, 2022.
According to the board’s 2019 Strategic Regulatory Regulation (SRO), Minister of Finance Shaukat Tarin and FBR high-ups feel that property value rates should be hiked by 25 to 30%. Since one of the criteria of the Global Bank’s $400 million Pakistan Raises Revenues (PRR) loan is also that value management rates be related to real market pricing, nothing is being decided yet.
Although it was agreed that the property will be assessed when a shareholder overvalued a home or even if the Alerted valuation tables were devalued, the FBR offered detailed instructions inside an Office Brief as to how to evaluate and execute property cost differences. According to FBR officials, the corporation can assess the market value of assets owned, therefore new valuation tables were produced on Dec 1, 2021, for 40 major cities, bringing properties closer to their genuine market value.
Per the authorities, the FBR has received complaints from a variety of sources, including real estate brokers and housing societies, who have pointed out irregularities and inaccuracies in the recently released value tables. According to the FBR, all solutions to these concerns will be re-notified, with a deadline of January 31, 2022 for execution.
For more information on the real estate sector of the country, keep reading Feeta Blog.
The Government Plans to build 9 Housing Developments for Pakistanis Living Abroad
The Ministry of Abroad Pakistanis and Human Resource Development (OP&HR) has put up nine residential complexes throughout Pakistan to house overseas Pakistanis. The Phase-1 Lahore Overseas Pakistanis Foundation (OPF) Housing Scheme, Phase-1 expansion, and Phase-II OF Farmhouses in Larkana, Dadu, Peshawar, Gujrat, Chitterpari Mirpur AJK, and Zone-V Islamabad are all under development, according to an official source. He said that such programs gave overseas Pakistanis millions of acres in attractive localities including Islamabad, Lahore, Gujrat, Peshawar, Dadu, Larkana, and Mirpur.
The federal government has decided to start developing nine housing developments for Pakistanis abroad all around the country, according to the Ministry for Abroad Pakistan & Employment.
Lahore Overseas Pakistanis Foundation Housing Scheme Phase One, OPF Farm House Phase One Expansion Plan and Phase Two Construction, Larkana, Dadu, Peshawar, Gujarat, Mirpur Jammu & Kashmir, and Zone Five are among housing projects mentioned by ministry authorities. Housing projects are planned in Islamabad.
The federal cabinet has received an update from the Interior Ministry on the issue and will make a decision soon. This apartment complex would be built on Park Road Zone Four in Islamabad, according to the source. The research will benefit around 40,000 individuals, with 6,000 housing units included.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Digital Power of Attorney for Overseas Pakistanis
A day after the joint session of Parliament passed 33 laws, including “the Election Second Amendment Act, 2021”, providing voting rights to overseas Pakistanis, the government launched a digital portal to assist emigrants with a certificate from a prosecutor.
Prime Minister Imran Khan’s launch of a platform for automation proxy is yet another innovative step for Pakistanis living abroad.
The service will help expatriates get online confirmation from their prosecutors without having to visit embassies.
It was first released in ten countries and has now been linked to NADRA’s database, enabling it to provide services to all embassies and consulates around the world.
Solution to Many Problems
In his remarks during the inauguration, Prime Minister expressed regret that abroad Pakistanis were not considered an asset to the country. He asserted that now that they have been given the right to vote in elections, every government will respect them.
He added that emigrants have problems with a prosecutor and that automation would solve their problems.
The Prime Minister also expressed his joy at the approval of a bill allowing electronic voting machines to be used in general elections.
Technology has changed the world, and refusing to adapt to it is ridiculous, he said, adding that only corrupt forces oppose it.
“It made me very happy yesterday,” the prime minister said during the ceremony, “because we have now involved Pakistanis abroad in the democracy of Pakistan.” He claimed that because emigrants now had voting rights, “Every government will value our foreign Pakistanis.”
The nine million non-resident Pakistanis will vote for the administration, which can improve their lives when they go to the polls. “The most important advantage will be that a citizen can control the government with his vote in a democracy,” he said.
Certificates of Inheritance
Through biometric verification at Pakistani missions abroad, the National Database and Registration Authority (NADRA) would provide letters of administration and succession certificates to foreign Pakistanis, saving them the trouble of going to court.
The government has publicly disseminated the method of requesting the said documents through Pakistani missions to raise awareness of Pakistani expatriates who would otherwise have to languish in local courts and endure a lengthy process.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.