The Government of Pakistan has cut interest rates and announced incentives for investors and entrepreneurs to mitigate the economic impact of the pandemic. It is an assistance package for the construction industry with a dual purpose – to provide jobs for day laborers and to stimulate economic activity.
This is a very attractive opportunity for everyone and citizens as well as overseas Pakistani are interested in investing a huge amount in this sector, making it one of the most attractive and ideal sector to invest in Pakistan. Real Estate is always considered safe for investment due to its huge profits and benefits.
Choosing the right property is also important to the success of your investment. Before investing, you need to evaluate various factors such as the location of the property, the purpose of the investment and most importantly, your budget for real estate investments.
Overseas Pakistani Can Buy Property in Pakistan
“Roshan Digital account” has been introduced by State Bank of Pakistan for overseas Pakistanis. This is the way to make digital transactions online while sitting overseas investing in any sector. Currently all major banks are providing the facility of Roshan Digital Bank account to the Pakistanis living abroad. They are providing this service with the collaboration of State Bank of Pakistan.
Real estate development firms have welcomed this move in digital banking for Pakistani overseas as it will not only boost real estate investment but facilitate the transaction process between investor and developer.
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Secure Real Estate investment in Lahore, Pakistan
Approved real estate projects of renowned real estate developers really gives a confidence booster to investors in investing their capital in any real estate property.
Several real estate projects have started and some are in pipeline that are public private partnerships that include residential, commercial projects and schemes. A large investment scheme and projects are in-line with CPEC. Recently, The Government of Pakistan has laid the foundation of Ravi urban city and it will prove to be one of the best project to invest in.
There is something that every overseas Pakistani has to look before investing his capital anywhere is that the project is safe to invest in? is the project approved by Lahore Development Authority. These are a few things that can make sure that your capital is safe and the chances of fraud are reduced.
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Property investment for overseas Pakistanis in Lahore
Lahore’s real estate market has a lot of options to choose from. There are many multipurpose projects that are being launched in Lahore where overseas can invest in shops, offices and apartments etc. Lahore also has a number of housing societies where the commercial and residential sectors are separate and independent, so that the residents can live in a calm and peaceful environment.
Lahore has a new but ongoing trend of establishing hotels, cafes and restaurants on a special theme such as vintage, contemporary etc. and giving customers a cozy feeling. Overseas Pakistanis has an opportunity in buying and investing in their own premises to continue their business.
Since the last two years real estate is on a boom in Pakistan and especially in Lahore and with all the different measures taken by the government it is a high time for overseas Pakistanis to invest in real estate in Lahore by taking all the precautions that are mentioned earlier so that their capital is safe and can make profit in future.
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