Can Overseas Buy Plot in Taj Residencia? Guide

Plot in Taj Residencia

Investing in Pakistan’s real estate is profitable for both nationals and international overseas. Since the developing housing societies are in progress these days, overseas Pakistanis can take advantage of this availability and invest in them. Taj Residencia is a great option for overseas to invest in.

Purchasing of property by Overseas is beneficial. Here is a guide for overseas to invest in Taj Residencia.

Can Overseas buy plot in Taj Residencia?

Yes, overseas Pakistanis can definitely buy a plot in Taj Residencia’s overseas sector. Since it is mandatory for everyone to file tax return on every purchase of plot but overseas Pakistanis are not applicable to this tax.

When overseas Pakistanis will invest in Pakistan it will cause a rise in the remittance and it will definitely be a helping hand in boosting country’s economy. However, they will have to pay a tax if the property is worth more than 50 lakhs.

Criteria 

If overseas Pakistanis want to buy a plot in Taj Residencia, then they would have to follow a certain criterion and would require the following documents.

  • a copy of passport.
  • 6 passport sized photos.
  • Copy of exit stamp on passport.
  • Passport sized pictures of your immediate family.

Available Plots for Overseas

If you want to buy residential plot. Then the options of 5 Marla, 10 Marla, 1 Kanal, and 2 Kanal are available. These are ideal residential plots.

If someone is looking for a plot for a villa. Taj Residencia have options for that as well like

  • 1 Kanal 
  • 1 Kanal Model 
  • 14 Marla 
  • 10 Marla Mediterranean style
  • 10 Marla Eclectic
  • 10 Marla Modern styled.

Payment Options/Methods

For properties like 10 Marla, 14 Marla, 1 kanal, and 2 Kanal you will have to pay 20 % down payment at the time of the purchase. The rest of the payment will be paid via installments.

You may also like to learn about the Rudn Enclave Islamabad.

Discount Options for Overseas

If you pay the price of the whole plot at one without the installments, then you will be given a discount of 6 % on the whole price of the plot.

If you buy a corner plot, or a plot that is facing the park, or in main boulevard then you will b given a 10 % discount.

Background Checks

Most of the time when foreigners and overseas Pakistani want to invest in Pakistan, either they get scammed or in order to save money from commission they don’t do background checks. Which results in loss.

 Is Taj Residencia Safe to Invest for Overseas Pakistanis?

 Well! CDA approved Taj Residencia safe and legal for investments. Taj Residencia also got a NOC from CDA. Furthermore, Taj Residencia has also been approved by RDA. So, you don’t need to do background checks and you can invest without tension. So, it is risk free.

Reasons for Overseas to Invest in Taj Residencia

It is one of the best societies to invest in as it has wide metallic smooth roads which makes transportation easy, it has different residential blocks and sectors, it has educational institutes and hospitals. This society has all the qualities like an all-rounder. 

Conclusion

Taj residencia is one of the best options for overseas to invest in. As it is legally approved and its vast variety of options in overseas block makes it the best option to choose for overseas Pakistanis. Overseas Pakistanis have one Mega Plus Point that they don’t have to file a tax return on any investment.

Above mentioned is every single detail if you are overseas Pakistani and want to invest in Taj Residencia.

Author Bio

Muhammad Junaid is a senior Analyst and Search Engine Expert. Extensive experience being a lead writer in Sigma Properties. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.

By Michael Caine

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts