Nilore Overseas Residencia Phase 1 is a project of luxurious apartment complexes in Islamabad. It is a major development aimed at providing the best residential apartments to overseas Pakistanis. The Capital Development Authority (CDA) is developing this project to attract foreign investment. Moreover, the government of Pakistan is also a stakeholder in this development.
The main objective behind this project was to provide the best residential apartments in Islamabad to promote vertical living spaces due to rapid urbanization. In addition, vertical residential units are expected to be more affordable as compared to single-story houses in the city, specifically in Islamabad.
Nilore Overseas Residencia Phase 1 Location
Phase 1 of Nilore Overseas Residencia is located on the main Lehtrar Road, which has been renamed the Tourism Highway. It is a major highway that is accessible from Islamabad Expressway. The location of this society is amidst Islamabad Zone 4. The location of Nilore Overseas Residencia Phase 1 has been selected for its green and serene landscape. Major housing projects are also in the vicinity of this project.
Accessibility & Nearby Landmarks
- Al Nafees Medical College & Hospital is a 5-minute drive
- Pakistan Institute of Engineering & Applied Sciences (PIEAS) is a 15-minute drive
- COMSATS University is a 16-minute drive
- Bahria Enclave Islamabad is a 25-minute drive
- Gulberg Greens is a 27-minute drive
- Park View City Islamabad is a 33-minute drive
- Lake View Park is a 40-minute drive
Nilore Overseas Residencia Phase 1 Master Plan
The master plan of Nilore Overseas Residencia includes apartment complexes. Each apartment complex is designed uniquely. Currently, the Capital Development Authority (CDA) is offering 2-bedroom apartments to overseas Pakistanis.
4,000 apartments are part of the master plan. However, the first 2,000 apartments are going to be sold to overseas Pakistanis in Phase 1.
Nilore Overseas Residencia Phase 1 Payment Plan
The Nilore overseas residencia phase 1 flat for sale is currently available for almost 30,000 USD. CDA plans to sell these flats to overseas Pakistanis to attract foreign investment in the country. Phase 1 has already received 6,000 applications for just 2,000 apartments, which is a positive sign that foreigners are willing to invest.
The current payment plan is being reviewed, and a new payment plan can be announced in the future. This installment plan is designed to be practical for overseas, considering the prime location of Nilore Heights Residencia Phase 1. The current installment plan is not final, and the prices are subject to change due to demand and availability. Here is the available payment plan:
2-Bedroom Apartment Payment Plan
| Size | 2-Bedroom Apartment (779 Sq. Ft) |
| Down Payment | 7,500 USD |
| 1st Installment | 10,500 USD |
| 2nd Installment | 12,000 USD |
| Total Cost | 30,000 USD |
Note:
10% extra charges on the ground and first-floor apartment
The installments are to be made in USD through online payment channels
There is no tax on foreign remittance
How to book an apartment here:
CDA has made it necessary to have the National Identity Card of Overseas Pakistanis (NICOP) before you apply for booking an apartment in Nilore Overseas Residencia Phase 1. However, you will need some other essential documents as well, including:
- CNIC Copy
- 2 Passport-sized Photos
- CNIC Copy of ‘Next to Kin’
- Booking & Processing Fee Payment Receipt
Contact Makaan Solutions to get additional information regarding the availability of apartments.
Nilore Overseas Residencia Phase 1 Balloting Result
The balloting of Nilore Heights Residencia Phase 1 was supposed to be held in May of 2023. However, a dispute caused the delay in the balloting. Naya Pakistan Housing and Development Authority (NPHDA) filed a case against the Capital Development Authority (CDA), stating that the authority was selling the apartments to overseas Pakistanis without their knowledge.
The issue is being resolved, and both authorities are in the process of forming a new agreement. Therefore, the project is divided into two phases. NPHDA will also take part in the development, and they will provide apartments to lower strata of society in parallel to overseas Pakistanis.
Nilore Overseas Residencia Phase 1 NOC
It is an official CDA project; it is NOC-approved and authentic. There is no legal issue regarding the development of Nilore Overseas Residencia Phase 1. Therefore, investment in this project is safe and secure. Moreover, the government authorities are also involved in the development of this society. Naya Pakistan Housing and Development Authority (NPHDA) is also part of this development.
Nilore Overseas Residencia Phase 1 Developers and Owners
Nilore Overseas Residencia Phase 1 is being developed by the Capital Development Authority (CDA). The government of Pakistan is the owner of this project. Thus, there is no question about the legitimacy of the developers & owners. Moreover, the Frontier Works Organization (FWO) is contracted to construct the apartments. The infrastructure is being developed per international standards.
Amenities
The amenities are planned to mimic the world’s best housing societies. CDA has contracted several expert urban planners who oversee the whole development of the project. Nilore Heights Apartment Complexes are going to be the start of the art developments in the Capital of Pakistan. Nilore Overseas Residencia Phase 1 possession will enable you to get the best amenities. These include:
24/7 Security
It is a secure establishment that will provide security to families and children. The main entrances are going to be guarded by security personnel and the CCTVs. Moreover, the inhabitants will only have access to their apartments. No outsider will be allowed to enter the building without the consent of the residents.
Eco-friendly Environment
Nilore Overseas Residencia Phase 1 is a major project in Islamabad Zone 4, which is serene and beautiful. These apartment complexes are surrounded by lush green landscapes that cannot be bought with money. The beauty of Islamabad will be witnessed from here. Moreover, the parks and green spaces are also part of this establishment to make the environment healthy for the inhabitants.
Healthcare Center
The healthcare center, including a small hospital, is also part of the master plan, which can be utilized for the medical needs of the residents. This healthcare center will be enough for any medical emergency as well. Expert medical teams will be part of this healthcare facility.
Mosque
The mosque is designed to be built to provide ample space for congregational prayers. The residents will have the opportunity to take part in religious ceremonies with the help of this mosque as well.
Conclusion
Nilore Overseas Residencia Phase 1 is a golden opportunity for overseas Pakistanis who wish to own valuable residential property in Pakistan. An apartment is a solid investment option since its value appreciates with time. In addition, an apartment is easier to rent out for a passive income as well. This project, developed by the government of Pakistan and relevant authorities, is not only safe but also has great prospects for the future. Capital Smart City is the perfect investment option as well for you If you want to explore more projects that are exceptionally built per international standards. Time is crucial; so invest timely, wisely, and decisively.
