Can overseas Pakistanis invest in Etihad Town Lahore is a concern for many. And the answer to that is yes, you can invest from a foreign nation. There are various schemes and processes to ensure legal possession of property by an overseas Pakistani. For this purpose, you should verify all the property-specific details, developer requirements, and the method of your investment. 

In addition, you can use the formal and eligible banking channels of the State Bank of Pakistan for purchasing property remotely. You have four phases of Etihad Town Lahore, each having its specific investment prospects and payment plans. For bookings, you will need to fulfill Etihad Town’s own booking requirements and the legal approval of the particular phase and plot.

Etihad Town Lahore: General Overview

Etihad Town Lahore is a mixed-use development by the Etihad Group; its multiple phases are located along the Main Raiwind Road. You will find various investment options in its residential plots, commercial plots, and installment-based payment options for properties. 

Apart from Etihad Town’s main phases, the developer has a history of completed and successful projects, including the following:

  • Etihad Garden Rahim Yar Khan
  • Sukh Chan Gardens Lahore
  • Sukh Chan Apartments Islamabad

Major Etihad Town Lahore Developments

Project Location Investor Specific Details 
Phase IMain Raiwind Road, Lahore Earlier and fully functional development; 
Possession availability;
Secure and established residential occupancy
Phase IIPine Avenue and Ferozepur Road corridorAvailability of an Overseas Block; 
Possession availability and delivery in several blocks
Phase III Adda Plot and Jhelum Road corridorMultiple residential and commercial investment options
Phase IVChenab Road and Jhelum Road corridorNewer development with potential capital appreciation.
Access to installment-based plots
Premium Enclave Main Raiwind RoadDelivery of enclave with mixed-use components

Can Overseas Pakistanis Invest in Etihad Town Lahore?

Yes, you can purchase, sell, and invest in Etihad Town phases while remaining outside of Pakistan. Once you identify the plot you want, you can book it remotely through bank wire transfers or Roshan Digital Accounts. Moreover, allotment letters and payment receipts can now be shared through tracked courier services for the convenience of investors. 

You can take possession or ownership of the plots in three ways:

  • Direct booking with the developer using the eligible banking channels. 
  • Remote booking through an authorized representative in Pakistan. 
  • Purchase through a Roshan Digital Account (if eligible). 

One thing to note is that the initial payment does not cover all the necessary payments, including ownership transfer, registration, mortgage, or possession charges.

Overseas Pakistani Eligibility and Requirements

For overseas Pakistanis, you will need the following documents:

  • Valid CNIC or NICOP for identity verification 
  • Two passport-sized photographs
  • Nominee’s CNIC 
  • Booking form or documentation 
  • Down payment token receipt 
  • Verification of transaction or evidence of payment 

The above-mentioned requirements are needed from every investor; hence, you shouldn’t miss them. In addition, you should also receive a written confirmation for remote booking, international payments, and transfer formalities. 

What are NICOP Requirements for Overseas Pakistani Investors?

National Identity Card for Overseas Pakistanis (NICOP) by NADRA is an identity document for Pakistanis who are living abroad or have dual citizenship. 

For an Etihad Town booking, you will need to prepare the following documents:

  • Valid NICOP or CNIC
  • Pakistani passport 
  • Overseas residence proof  
  • Two passport-sized photographs 
  • Nominee’s CNIC 
  • Booking and payment documents 
  • Bank statement, remittance, and source of funds evidence 

Can Overseas Pakistanis Invest Through Power of Attorney (PoA)?

Yes, you can authorize a PoA to complete the property purchase and transfer process on your behalf. It’s only required when you are unable to travel to Lahore to complete the payment and ownership procedures.

In such a case, you can opt for a PoA facility by registering your nominee’s details on NADRA (working in collaboration with the Ministry of Foreign Affairs). You will give digital and conventional powers to your PoA to follow the legal guidelines. 

How Does Your Nominated PoA Work for Etihad Town Investment?

You will appoint a trusted family member, relative, or another person in Pakistan to perform the following duties:

  • Booking and purchasing document submission. 
  • Coordination with the developer’s sales and transfer office regarding the payment plan and transactions. 
  • Submitting payment evidence of applicable fees.
  • Completing the allotment and transfer protocols. 
  • Signing documents where authorized. 
  • Completion of ownership-related formalities, if you include them in PoA responsibilities. 

How Can Overseas Pakistanis Invest Remotely in Etihad Town Lahore?

You can invest remotely in Etihad Town Lahore through a direct transfer of funds via a bank. However, make sure you are submitting the payment to a legally authorized person, not to an agent. Before confirming your transfer, you should recheck all the on-the-ground details. 

Secondly, you can use the Roshan Digital Account to make remote payments. The State Bank of Pakistan launched the Roshan Apna Ghar Scheme especially to support overseas Pakistanis in their investment endeavours. 

Conclusion

Can overseas Pakistanis invest in Etihad Town Lahore is a major concern of the overseas community. Therefore, there are various legal ways to invest in Pakistan from a foreign nation, either through NICOP, Roshan Digital Account, or PoA. You should choose the route that best fits your situation and start investing in Etihad Town Lahore. 

Read More: Common Mistakes Overseas Pakistanis Make When Buying Property in Lahore: What You Need to Know

However, before confirming your transfer, you should verify all the legal, on-the-ground, and financial documents. For investment guidance and support, contact Habibi Holdings. For more information on investment opportunities and booking details, contact our sales team, visit the office, or subscribe to our YouTube channel.

Phone: 0300-10-50-100

Visit us at: Jasmine Block Commercial, Sector C, Bahria Town, Lahore

Frequently Asked Questions (FAQs) 

Can Overseas Pakistanis Invest in Etihad Town Lahore?

Yes, overseas Pakistanis can invest in Etihad Town Lahore; however, you should verify the following before investing:

  • Phase approvals 
  • Approved layout plan and possession status 
  • Ownership records and title 
  • Dues related to transfer, mortgage, and outstanding ones
  • Ongoing construction, infrastructure, and utilities

How does Roshan Apna Ghar facilitate overseas Pakistanis?

The program is specifically for eligible Non-Resident Pakistanis (NRPs) and Pakistani Origin Card holders who are living abroad. It will help them in purchasing, constructing, or renovating property in Pakistan, including Etihad Town Lahore.

Which Etihad Town Phase Should Overseas Investors Consider?

Investors should consider the following phases of the property, and their benefits meet their requirements:

  • Phase 1 is best for residential occupancy, resale, or rental ROI. 
  • Phase 2 has an Overseas Block, with possession available in its multiple blocks. It’s suitable for rental ROI, appreciation, and occupancy. 
  • Phase 3 is suitable for you if you want a mixed-use property with higher appreciation potential and long-term investment. 
  • Phase 4is perfect for long-term and installment-based investment.  

For more information, visit Habibiholdings.com