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Buying Property in Pakistan A Legal Guide for Overseas Pakistanis and Foreigners

A doable sector in Pakistan for foreigners or overseas Pakistanis is real estate. Many exotic Pakistanis can live and invest in the country’s property and real estate sectors. Don’t think of the property deals and real estate development projects for Buying Property in Pakistan around Lahore or Karachi through social media ads or on TV and Facebook every other day.
The cost of such marketing advertisements is put into the price of these property projects. However, the most concerning thing are the litigation of the projects. So, it may be expensive and may need you to take overtime due to a disapproval and barring of permits or local and central government approval.

In this guide, we will legally educate you on the critical points to note for foreigners interested in investing in property sectors in Pakistan.

POREF is a Helpful Companion For Foreign Investors

Pakistan Overseas Real Estate Forum (POREF) is a consociated body to deliver legal consultancy and advisory to foreign Pakistanis. POREF Is Bringing Profitable Investment Opportunities for Overseas Pakistanis as well. So, regardless of your geographical location, you can reach POREF online to get ideas on where to invest in Pakistan. A lot of property for sale in Lahore opportunities are awaiting you to invest in the ongoing property projects in Pakistan.

What Does POREF Require For Investors’ Eligibility

POREF offers online access to buy and sell property in Pakistan. Some good real estate consultancy services provide a guideline for using the POREF platform for property buying and selling. A lot of Bahria town Lahore plots for sale are added to the property portals. So, if POREF doesn’t make sense, you can reach out online with these property portals.
The POREF predefines the following criteria. Make Sure the following documents should be with you while registering with the POREF property.

  • Scanned Copy of your recent passport and six passport-size Photos
  • Scanned Copy of NICOP (National Identity Card for Overseas Pakistanis issued to a legitimate Pakistani citizen)
  • Scanned Copy of Exit Imprint on passport
  • Scanned Copy of entry stamp of the foreign country where the foreign Pakistani resides
  • List of names of direct family adherents along with their passport size photos

Final Verdict

Closing the discussion, let us recommend you conduct thorough research before indulging in a Pakistan property deal. Say, if you are going to purchase a house in Bahria town Lahore legally and don’t want to be trapped by a swindler, you should go with POREF or consult the property legal advisor online.

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