How can Overseas Pakistanis Buy Property in Pakistan?click here for the detailed guide.
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 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 renowned residential developments 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.
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 hectic task for overseas investors. With the help of this guideline, you can easily complete the transaction yourself without taking major help from others