In recent times, the government has loosened its grip on many real estate regulations such as the issue of non-filers of tax returns. This essentially makes real estate investments for overseas Pakistanis extremely easy.
Prior to this shift, investors were required to file tax returns in order to purchase property. The Islamabad real estate market in particular has seen an exponential increase in investment from abroad after the removal of such prohibitive regulations.
Experts at Makeen Marketing have listed below a few real estate investments for overseas Pakistanis to benefit from.
Incorporating International Standards
Pakistan’s real estate market has definitely stepped up its game in the last few years. In just a short period of time, we have seen municipal bodies across the nation work hard to make their respected cities a place that invites real estate investment, locally and internationally.
For example, the Capital Development Authority (CDA) has taken stringent steps to make sure its approved societies adhere to the housing society rules and regulations. These ensure residents a good standard of living.
In addition to this, we can see many real estate developers collaborating with international developers and builders to provide paramount real estate investments for overseas Pakistanis. We are witnessing burgeoning smart cities in at least two metropolitan cities— these are speculated to become one of the most fruitful investment opportunities in the country.
Islamabad Model Town
Islamabad Model Town is one of the highly anticipated housing societies in the federal capital. This is due to the fact that it is a product of Model Projects— a premier construction and development company.
The housing society promises a host of top-notch amenities designed to facilitate a luxurious lifestyle. The gated society has an excellent security system with 27/4 surveillance at key locations as well as check posts. Moreover, the society provides basic necessities such as water, sanitation, gas, and electricity.
Islamabad Model Town at becoming an eco-friendly housing society— up until now its master pan indicates land allotted to the development of recreational spaces such as parks and lakes as well as green belts. These state-of-the-art features make Islamabad Model Town one of the prime real estate investments for overseas Pakistanis.
Need more reasons to invest in Islamabad Model Town? Click here.
Capital Smart City Overseas Prime
Capital Smart City currently one of the most sought-after housing projects in Islamabad’s real estate market. Much like Islamabad Model Town, Capital Smart City enjoys a high level of investor trust since it is affiliated with a big name in the real estate sector—Habib Rafiq Pvt Ltd. This is a well-established developer with expertise in an array of sectors.
Moreover, HRL is working in collaboration with a Singaporean consultancy firm by the name of Surbana Jurong. Together they aim to create a housing society that adheres to international standards.
Capital Smart City is to be the first smart city in the country. A smart city aims at integrating communication and information technology in its construction and development. The owners and developers of Capital Smart City are working to incorporate technology into the housing society while keeping in mind environmental conservation strategies. Thus as far as real estate investments for overseas Pakistanis go, this society is perfect.
Considered one of the more fruitful real estate investments for overseas Pakistanis, the project takes it a step further and allocates a special Capital Smart City Overseas Prime block exclusive only to overseas investors. This is the most exclusive block on the housing society; its situated at a heighted location providing a scenic view of green belts, parks, and the lake. Moreover, it includes an 18-hole golf course.
Capital Smart City provides digital transportation systems, smart waste management, an eco-friendly society and AI control systems.
Blue World City Overseas Block
Our list of real estate investments for overseas Pakistanis would not be complete without mentioning Blue World City. This society is a collaboration between Blue Group of Companies and Shan Jian Municipal Engineering. This is a leading Chinese construction company.
The project is already being dubbed a Pak China Friendly society since this collaboration is said encourage Chinese workers to settle in the housing project. This influx of foreign investment means that the real estate value of the housing project will skyrocket in a matter of time.
Apart from being a modern, eco-friendly project, Blue World City aims at attracting tourists. The housing society is working on constructing the worlds largest mascot, as well as replicas of the Blue Mosque in Turkey and Burj Al Arab. Soon enough, this housing project will be attracting tourists from all over the world— something that not only the residents but Pakistan’s tourism industry can benefit from.
If you are an overseas Pakistani looking for an investment opportunity, we highly recommend looking into this housing project in the Islamabad real estate market.
Much like Capital Smart City, Blue World City has allocated a special block to overseas investors. This Blue World City Overseas Block will be constructed keeping in mind the international standard, installing top notch infrastructure and facilities in order to upholding the luxurious lifestyle of these overseas investors. This is why Blue World City is considered one of the most important real estate investments for overseas Pakistanis.
Real Estate Investments for Overseas Pakistanis- Lahore Smart City
While Lahore Smart City is still in its initial stages, as compared to the other real estate projects on this list, many speculate that it will go on to becoming one of the most outstanding real estate investments for overseas Pakistanis.
Lahore Smart City is being developed by the same companies as Capital Smart City and is thought to provide the same smart city amenities. The only difference is that this housing project will cater to the local residents in Lahore as well as international investors. like its Islamabad counterpart, LSC is one of the great real estate investments for overseas Pakistanis because of its specially designed, exclusive Overseas block.
Islamabad’s most sought-after housing society has recently come into good fortune. If you are an investor in the Islamabad real estate market, you will be interested to know that Capital Smart City announced overseas block possession. The possession is being granted to plots in Overseas Block 1, sectors A and B.
To some, this has been a long-awaited event and is sure to attract an influx of foreign investment not only into the housing society as well as into Pakistan’s economy.
Why Invest in Overseas Block of Capital Smart City?
You may be wondering why so many overseas Pakistanis and foreign nationals are drawn to this housing society. Simply put, Capital Smart City Islamabad is one of the first-ever smart cities to be established in Pakistan.
As a smart city, the housing society promising to provide its residents and investors a modern and sublime lifestyle by integrating the housing project with communication and information technology. What this essentially means is that residents will be able to monitor certain parts of Capital Smart City with their mobile phones such as traffic, weather, transport. Moreover, if you choose to invest in smart villas, you will be able to access security locks, temperature as well as lighting and fixtures.
In many ways, this housing society provides a modern real estate solution to Islamabad’s real estate sector.
If this wasn’t good enough, the Capital Smart City overseas block offers all these amenities with the added benefit of exclusivity— the overseas block is only available to those Pakistanis living abroad or to foreign nationals looking to invest in the Islamabad real estate market. These overseas blocks are to be built adhering to international standards— to accommodate these overseas investors.
This block has received a lot of attention and many people have opted to invest their funds into Capital Smart City Overseas block. It is speculated that, now that Capital Smart City announced overseas block possession, investment into this block will increase twofold.
Capital Smart City Announced Overseas Block Possession— What now?
While Capital Smart City announced Overseas Block possession, it does request members and investors to keep a few things in mind.
Firstly, members who have applied for plot possession after paying all their outstanding dues are allowed to pay Extra Land Charges and as well as Prime Location Charges. While initially these charges were supposed to be paid together, Capital Smart City management recognizes that the economy is not doing so well on account of the pandemic. Thus, to accommodate their investors, the management has decided to split these payments into quarterly payments.
Secondly, now that Capital Smart City announced overseas block possession, the housing society promulgates that development charges will be spread out over 4 quarters. These development charges are applied immediately to all owners on Overseas Prime plots. However, the housing society is willing to accommodate those investors/residents who start construction on their plots before the 10th of April 2021. Such investors will be facilitated in the form of 6 quarterly payments instead of 4. Moreover, after Capital Smart City announced overseas block possession, if an investor has completed the Grey Structure by the end of Jan 2022, their development charges will be extended by one quarter.
The Capital Smart City management has announced that both development and prime location charges will be paid over the span of 4 quarters with the payment of the first quarter coinciding with the possession. Additionally, Utility Charges are to be paid as you, the investor, are handed over the possession of your plot. Expert agents at Makeen Marketing believe that these conveniences are a great way to draw more investment now that Capital Smart City announced overseas block possession.
If these amenities weren’t enough, this smart city is allowing the first 25 residential plots (to go under construction), from both Sector A and Sector B, a 50% discount on development charges. The way this will work is that half the development charges (25%) will be waived off after the completion of foundation works while the remaining 25% will be waived off at the completion of all construction works.
Lastly, another way this housing society has worked to facilitate its members after Capital Smart City announced overseas block possession is by providing homeowners with architecture and MEP blueprints to help with the construction of their homes. By doing so, the society is saving its residents Rs 200,000 to Rs 300,000.
Perhaps the main reason why Blue World City is thought to be a Pak China friendly society is due to the fact that it is a collaboration between Chinese and Pakistani companies. That is right, a Memorandum of Understanding (MOU) was contracted between the leading construction and development company Shan Jian Municipal Engineering and the Blue Group of Companies.
Many speculate that this collaboration is one of the most attractive features of this housing project is the fact that it is going to bring an international standard that works in favor of elevating the lifestyle of its investors. It is safe to say that this Pak China friendly society is gaining a lot of traction in the Islamabad real estate market.
Read on to find out exactly why so many feel this housing society mirrors the blossoming socio-political relationship between the two neighbors.
Proximity to CPEC
CPEC is another project shared by the two countries aimed at increasing the living standards of citizens in both countries. By building an economic corridor, the two nations hope to increase bilateral connectivity, commerce and trade, and cultural exchange.
Blue World City is situated quite close to the CPEC route. This is proving to be quite the strategic position since it allows the housing project to be viable accommodation for Chinese CPEC workers. This stratagem will surely aid Blue World City in becoming a Pak China friendly society.
Binational Residents
This is the main feature that promotes Blue World City to be the Pak China friendly society that it is. Blue Group of Companies has opened the doors of this housing project to foreign investors by creating an Overseas block—to be constructed to accommodate the lifestyles of foreigners.
The housing project expects a large influx of Chinese residents to migrate to Pakistan on account of the employment created by CPEC. As we mentioned earlier, the housing society has allocated an entire block to accommodate overseas investors including the Chinese workers set to migrate.
In this way, the Pak China friendly society aims not only to bring the citizens of the two countries closer but also creates new business and residential avenues for its investors.
Recently we have seen numerous moves to improve the socio-political relations between the two countries—CPEC being one of the biggest examples of this. With the help of Blue World City, this initiative has expanded to the real estate sector as well.
Chinese Investment
This Pak China friendly society works to improve the association between the two countries by becoming a source of Pak China investment.
Having signed the MOU with Shan Jian Municipal Engineering Company, Blue Group of Companies offers to share in the investment of this burgeoning real estate project. This essentially means that this is a joint venture between Pakistan and China.
This shared ownership makes Blue World City truly a Pak China friendly society—where each resident is as much a part of the housing society as the next.
Why Invest in Blue World City?
If the above wasn’t testament enough to the superiority of this housing society, the experts at Makeen Marketing have complied a few more reasons as to why this is an excellent investment.
An Affordable Investment
This Pak China friendly society is currently one of the most affordable projects in the Islamabad real estate market. Compared to contemporary projects such as Park View City and Capital Smart City, Blue World City offers investors a budget-friendly installment plan. These are designed to accommodate the lower-to-middle income bracket.
Modern Amenities in Pak China Friendly Society
This housing society offers an affordable investment option while providing its investor with a host of different facilities. Some of the basic utilities this project offers are gas, water, electricity, and sanitation services as well as recreational and commercial hubs.
This Pak China friendly society goes above and beyond by including tourist attractions such as the world’s largest horse mascot, replicas of the Blue Mosque,and Burj Al Arab.
Since the housing project is offering plots at pre-launching rates, investors are more attracted by the short-term investment opportunity Blue World City presents.
Investors are able to purchase these plots cheaply, at pre-launching rates, and wait for the official launch of the Pak China friendly society. After this, the prices of the plots will rise exponentially creating large ROIs for the investor. They can then choose to sell their property at exorbitant prices.
Islamabad is quickly becoming the hub for all things real estate. In the last couple of years, we have witnessed a large increase in the number of housing societies sprouting up throughout the federal capital. Moreover, the Islamabad real estate market has seen an influx of domestic and foreign investments.
Looking for a safe and fruitful investment opportunity? You’re in luck! Makeen Marketing has highlighted a couple of elite real estate developers in Islamabad to help guide your investments. All the real estate developers mentioned below have stellar track records and are responsible for the construction and development of some of the most prime housing projects— not just in Islamabad, but throughout Pakistan.
Below you’ll find our pick of the cream real estate developers in Islamabad: Habib Rafique (Pvt.) Ltd, Capital Development Authority (CDA), ZEM Builders, Bahria Town, and Defence Housing Authority.
Habib Rafiq (Pvt.) Ltd.
The first on our list of top real estate developers in Islamabad is Habib Rafiq (Pvt.) Ltd. This is a highly accomplished real estate development company solely because it caters t an array of different sectors—not solely the real estate market.
HRL is responsible for the construction and development of numerous dams, expressways as well as airports, and energy projects. This esteemed real estate developer has upwards of 50 years of experience operating in the Islamabad real estate market.
Currently, it is working on Capital Smart City, a housing society that aims at integrating communication and information technology into a housing society—elevating the standard of living of its residents. While it is technically being developed by Future Developments Holdings Pvt Ltd (FDHL), it is a sister company of HRL.
Want more information on Capital Smart City? Click here.
Capital Development Authority (CDA)
The Capital Development Authority is the foremost municipal organization in the Islamabad real estate market. It has jurisdiction over real estate management, environmental restoration activities as well as the construction and development of sectors all over Islamabad. It is because of its extensive development work throughout the federal capital that we have included the CDA in our list of top real estate developers in Islamabad.
Established in 1960, The CDA has 3 core responsibilities: acting as a regulatory body, maintenance of the city, and developing and planning Islamabad. Under these, the municipal organization is also responsible for authorizing housing societies by issuing NOCs.
Zeeshan Estate Management Builders, better known as ZEM Builders, is one of the most widely known real estate developers in Islamabad. They have worked on both national and international projects have provided excellent real estate solutions to their investors.
In their 15 years in the real estate market, they have taken on quite a few grand projects such as ZEM Heights, Liberty Tower as well as ZEM ARK I and ZEM ARK II.
Bahria Town
It is safe to say that Bahria Town is easily one of the largest and most well-established real estate developers in Islamabad. Not just in Islamabad, but throughout the country. This development company was founded in the 1990s by Malik Riaz Hussain who first developed Bahria Town Rawalpindi and then later expanded to Lahore as well as Karachi.
Bahria Town housing projects typically gain a lot of investment domestically as well as from overseas clients. This is in part due to the fact that Bahria Town offers its residents a gated community with state-of-the-art amenities such as restaurants, recreational spaces, and commercial hubs. This is definitely one of the first choices for many looking to invest in the Islamabad real estate market.
DHA is the last on our list of top real estate developers in Islamabad. Similar to Bahria Town and some others in the article, DHA is a large development organization and has operations in different cities; not limited to Islamabad.
This organization is owned and overseen by the Pakistan Army and thus was established with the aim to provide retired military personnel with housing.
The housing societies developed by DHA are marked by opulence and innovative and modern infrastructure. Currently, DHA has constructed and developed housing societies in 7 major cities including Lahore, Karachi, Islamabad, Peshawar, Multan, Gujranwala, and Bahawalpur.
These are all great real estate developers in Islamabad, but you still need someone to guide your investments in a way that you enjoy maximum returns on investment. This is where Makeen Marketing enters.
Islamabad has been seeing a mushrooming of housing societies. These range from those targeting elite investors, looking for a place that caters to their lavish lifestyle, to those housing societies that aim at catering to the low to middle-income groups.
Aside from finances, one of the most important considerations investors keep in mind is where the housing society is located. No one wants to get stuck living miles away from civilization! That is why experts at Makeen Marketing deem Islamabad Model Town’s location to be ideal.
What is Islamabad Model Town?
Simply put, Islamabad Model Town is the newest residential venture of the Model Town Project (Pvt) Ltd. Its CEOs are Naveed Imdad and Malik Tahir who have masterfully planned this real estate project. This upcoming housing society is said to be the perfect blend of futurism and modern design.
An interesting fact is that while the company that is sponsoring this development project has created many residential projects all over Pakistan, it is also involved in the construction and development of Islamabad Model Towns neighboring project— the lavish and opulent—Park View City.
Islamabad Model Town offers an array of property types for its investors to choose from. You can purchase residential plots in different cuttings such as 5-marla as well as commercial plots in different plot cuttings. The best part of choosing to invest in Islamabad Model Town is that it offers investors the ease of opting to pay through installments.
Apart from Islamabad Model Town’s location, another factor that makes this a perfect investment opportunity is the fact that it has such a flexible payment plan. These payment plans are designed to ensure that investors get the maximum returns on their investments. As we mentioned, with the added ease brought on by installment plans, Islamabad Model Town is truly an ideal investment in the Islamabad real estate market.
Going into more detail, the housing society offers a 3-year installment plan that allows for a 10% down payment, as well as a 20% payment to confirm the payment of your plot.
This gated society has promise numerous amenities to its investors including shopping complexes, top-notch healthcare facilities,
Islamabad Model Town’s Location
Islamabad Model Town is located in one of the most strategic areas in the federal capital. It is located in heart of the city, just a couple of minutes away from Rawal Chowk and approximately 20 minutes away from the distinguished Serena Hotel.
Moreover, Islamabad Model Town’s location allows it to be in close proximity to the lush hills of Bani Gala. Thus, giving its residents the best of both worlds—being situated between the urban center as well as the serene countryside. The moreover, Islamabad Model Town is connected to Bahria Enclave as well, thus being able to tap into the existing commercial hub in the area.
We were not kidding when we said that Islamabad Model Town’s location was ideal. Read on to find out what kinds of luxuries this location affords the housing project and it is investors.
You may be wondering: what kind of advantage does Islamabad Model Town’s location give it? According to our habituated experts, Islamabad Model Town is in a position to avail of numerous benefits.
The housing society is located on Malot Road, near Bahria Enclave. Its master plan map reveals that the Islamabad Model Town connects with Simly Dam Road via its Main Boulevard. This essentially means Islamabad Model Town’s location offers it greater connectivity to the twin cities via the Simly Dam Road.
Apart from being at a few minute’s distance from Bahria Enclave, the housing society neighbors another esteemed real estate project. This significantly raises the land value of Islamabad Model Town and skyrockets the society’s popularity. It is no surprise that the creation of these three real estate giants will give rise to an economic and commercial hub— something that the residents and investors of these real estate ventures can benefit from.
Moreover, due to it being in such close proximity to Chak Shahzad, the property value of the housing society is even more exalted. It is because of Chak Shahzad that both Islamabad Model Town and Park View City enjoy the position of being integrated with both, the federal capital and Rawalpindi. Moreover, this may even lead to the creation of an economic/ urban bridge between the two cities.
How? Experts at Makeen Marketing believe that a cluster of housing projects in the area will inevitably give rise to commercial complexes to facilitate the needs of residents in the area.
In addition to all the aforementioned benefits, another perk of Islamabad Model Town’s location is the accessibility to, and the ability to harness waterpower supplied by the Rawal Dam. After 30 odd years, the Capital Development Authority, better known as CDA, has decided to extract 4 million gallons of water from the Dam. This will greatly alleviate the water issues experienced by areas all over the federal capital.
The benefits we have highlighted in this article are solid reasons as to why this up and coming housing society will go far in the Islamabad real estate market.
The fact that Islamabad Model Town’s location allows for a well-rounded lifestyle— urbanized as well as one in the tranquil countryside, is also a big plus for many residents. After all, who would not want to raise their family surrounded by lush hills and in a beautiful, economical, and environmentally-friendly society. This is why we strongly suggest you look into Islamabad Model Town as a viable investment opportunity.
Makeen Marketing has a host of august real estate agents who work tirelessly to ensure that their clients get the highest returns on their investment. This is why Islamabad Model Town is an investment option they suggest to clients looking to enjoy living near the city at affordable rates.
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