Can overseas Buy a Plot in Taj Residencia? Guide
Pakistani real estate is a profitable investment option for both domestic and international investors. However, when Pakistanis living abroad go into the real estate market, they face comparable difficulties due to a lack of reliable and accurate information sources and comprehension of several terms and conditions. As a result, they feel hesitant to invest in any project.
Since new and upgraded housing societies are being built regularly, it is an excellent time for Pakistanis living abroad to invest in their motherland and obtain a plot. Taj Residencia Islamabad, a well-known housing society, has long been a favourite among locals. So, if you want to buy a plot in Pakistan from overseas, Taj Residencia is the place to go.
Taj Residencia was developed to invite Pakistanis from all over the world to come to the region and invest. The site is plentiful since it is near CDA Sector I-14, I-15, and I-16. It has endeavoured to give residents of the society access to practically all services. Fresh air, wide-open spaces, natural views, lush greenery with a stunning sunset, new world-class features, local facilities, and a lot of family appeal surround the society, making it an ideal pick for any potential buyer.
How Can Overseas Buy Plot in Taj Residencia?
The government has made it essential for investors to file tax returns before buying a plot. Overseas Pakistanis are not taxed; however, they must pay property tax after purchasing a plot in Pakistan. It will also boost remittances and aid the country’s financial difficulties. That, too, is part of the current government’s plan to improve Pakistan’s economy. There is no requirement to file income tax returns for properties valued at more than PKR 5 million.
Here’s how overseas Pakistanis can buy a plot in Taj Residencia, as well as the documents required.
- Six passport-size pictures and a copy of your most recent passport
- A copy of the NICOP (National Identity Card for Overseas Pakistanis issued to a legitimate Pakistani citizen)
- Exit Stamp Copy on Passport
- Copy of the foreign country’s entry stamps where the overseas Pakistani lives.
- A list of immediate family members’ names, as well as passport-size pictures of them
- The booking fee can be paid by check, cash, or direct deposit into the company’s bank account.
- When booking a plot, a 20% deposit is required.
Plot Sizes Offered in Taj Residencia
Residential plot sizes:
- 5 Marla
- 5 Marla
- 8 Marla
- 10 Marla
- 1 Kanal
- 2 Kanal
Dream Villas plot sizes:
- 1 Kanal villa
- 1 Kanal Model Villa
- 14 Marla Villa
- 10 Marla Villa Mediterranean
- 10 Marla Villa Eclectic
- 10 Marla Villa Modern
With property sizes of 10 Marla, 14 Marla, 1 Kanal, and 2 Kanal, you must pay a 20% down payment plan. If you pay the entire instalment in one payment, you will receive a 6% discount. A 10% discount will be applied if you purchase a category plot such as Corner plots, Main Boulevard, or Park face. For further details, you can look at their payment plan on their website.
Is It Safe for Overseas to Buy a Plot in Taj Residencia?
Foreigners and overseas Pakistanis buying or selling property in Pakistan are encouraged to implement caution. But, unfortunately, many overseas Pakistanis execute direct agreements to avoid paying extra commission without gathering all required information or doing background checks, only to run through multiple roadblocks and be duped.
We have some excellent news for everyone waiting to book a flight from abroad: the CDA has approved this housing society as legal, making it a safe investment. CDA has also given Taj Residencia a NOC. As a result, buyers can go ahead and secure their plots, allowing them to enjoy the lavish lifestyle they’ve been dreaming about for so long. Further clarifying on Taj Residencia’s approval, it’s also approved by RDA. As a result, it is fully legal and risk-free.
Conclusion
Taj residencia is a great place to invest these days because it is expanding rapidly. It is a CDA-approved project with several noteworthy features. International investors are invited to make reservations as soon as possible to avoid missing out on any opportunities. Sigma Properties is here to assist you in obtaining the plot of your choice, so please do not hesitate to contact us.
Author Bio
Muhammad Junaid is a senior Analyst and Search Engine Expert. Extensive experience being a lead writer in Sigma Properties | Park View City Islamabad. Work for years with local and international enterprises. Also, represent well-known brands in the UAE.
