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The benefits of living in Dera Ismail Khan New City 560x420

The benefits of living in Dera Ismail Khan New City
The benefits of living in Dera Ismail Khan New City 560 420 D. I. Khan New City

Dera Ismail Khan New City is a rapidly growing real estate project in Pakistan, located in the Khyber Pakhtunkhwa province. It is a planned community that is being developed to provide a modern lifestyle to its residents. The project has attracted a lot of attention from investors and homebuyers alike, and for good reason. There are numerous benefits of living in Dera Ismail Khan New City, and in this blog, we will explore some of them. 

Modern Amenities

Dera Ismail Khan New City is being developed with modern amenities in mind. The project will include schools, hospitals, shopping centers, parks, and other recreational facilities. These amenities will make life easier and more enjoyable for residents, and they will not have to travel far to access them. The development also includes a modern infrastructure system, with roads, electricity, and water supply being built to high standards. 

Affordable Housing

One of the most significant benefits of living in Dera Ismail Khan New City is the affordability of housing. The project offers a range of housing options, from apartments to houses, at reasonable prices. This makes it an attractive option for people looking to buy their first home or invest in real estate. The affordability of housing in Dera Ismail Khan New City is also a result of the government’s commitment to provide affordable housing to its citizens.

Secure Community

Dera Ismail Khan New City is a gated community, which means it has controlled access points and security measures in place. This makes it a secure place to live, and residents can feel safe knowing that their homes and families are protected. The security measures also include CCTV cameras and security personnel who patrol the community, making it a safe place to live.

Quality Education

The project includes schools and colleges, making it a great place for families with children. The educational institutions in Dera Ismail Khan New City will offer quality education, with modern facilities and trained staff. This means that residents will not have to travel far to access quality education for their children.

Health Facilities

The project will include modern hospitals and clinics that will provide quality healthcare to residents. The healthcare facilities will be staffed by trained medical professionals and will be equipped with modern medical equipment. This means that residents will not have to travel far to access healthcare, and they can be assured of receiving quality medical care.

Environmental Sustainability

Dera Ismail Khan New City is being developed with environmental sustainability in mind. The project includes green spaces and parks, and there is a focus on using renewable energy sources. The development also includes a waste management system, which will ensure that the community remains clean and free of pollution. This means that residents can live in a community that is environmentally friendly and sustainable. 

Improved Standard of Living 

The benefits of living in Dera Ismail Khan New City will lead to an improved standard of living for residents. The modern amenities, affordable housing, quality education, and healthcare facilities will make life easier and more enjoyable for residents. The job opportunities will also improve the financial situation of residents, allowing them to enjoy a higher standard of living. 

Appreciation in Property Value 

Investing in property in Dera Ismail Khan New City is a smart financial decision. The project is expected to appreciate in value over time, as more people move into the community and demand for housing increases. This means that investing in property in Dera Ismail Khan New City can provide a great return on investment in the long term. 

Strategic Location 

Dera Ismail Khan New City is strategically located, making it an attractive place to live. Investing in Dera Ismail Khan’s new city has an added advantage due to its proximity to the proposed Kallur Kot Bridge in Pakistan. This bridge is expected to connect the Western route of the China-Pakistan Economic Corridor (CPEC) to the province of Punjab, which would create a vital trade and transportation link between the two regions. As a result, the new city of Dera Ismail Khan is an appealing location for businesses and industries seeking to benefit from the enhanced connectivity and accessibility provided by the bridge, which would facilitate trade, commerce, and transportation between the two regions. 

The strategic location also means that Dera Ismail Khan New City is likely to attract businesses, creating more job opportunities for residents. 

Peaceful Environment 

Dera Ismail Khan New City is being developed as a peaceful and serene environment. The community is away from the hustle and bustle of the city, and residents can enjoy a tranquil lifestyle. The community will also include green spaces and parks, which will provide residents with a natural environment to relax and unwind. 

Job Opportunities 

The development of Dera Ismail Khan New City is expected to create job opportunities for residents. The project will require a significant amount of labor and manpower, which will create job opportunities for people in the region. In addition, the project is likely to attract businesses, creating more job opportunities for residents. 

Community Spirit 

The development of Dera Ismail Khan New City is likely to foster a strong sense of community spirit among residents. The community is being designed to promote social interaction and a sense of belonging. This means that residents can enjoy a supportive and friendly community that they can call home.

Investment Opportunities 

Investing in property in Dera Ismail Khan New City is not only a smart financial decision but also provides an opportunity to contribute to the development of the community. The project is expected to appreciate in value over time, providing a good return on investment. In addition, investing in property in Dera Ismail Khan New City also helps to support the development of the community, creating a better quality of life for residents. 

In conclusion, Dera Ismail Khan New City is a real estate project that offers numerous benefits to residents. From modern amenities to quality education and healthcare facilities, job opportunities, environmental sustainability, improved standard of living, community spirit, and investment opportunities, the project has something to offer to everyone. The project is being developed with a focus on providing a comfortable and convenient lifestyle to residents, while also celebrating and preserving the cultural and historical heritage of the region. Living in Dera Ismail Khan New City is an opportunity to be a part of a community that is being developed for a better tomorrow.

Financing Options for Owning a House in Pakistan with Roshan Apna Ghar D. I. Khan New City

Financing Options for Owning a House in Pakistan with Roshan Apna Ghar
Financing Options for Owning a House in Pakistan with Roshan Apna Ghar 1200 628 D. I. Khan New City

Home financing options in Pakistan have increased drastically in the last decade. Gone are the days when one had to wait all their life saving up to be able to build their dream abode. It has now become easier than ever to finance a house with the help of suitable mortgage rates and lower rates of interest along with longer debt maturity. In addition to this, Commercial banks have started providing housing finance schemes as well. Given following is a step-by-step procedure on how one can utilize house financing programs in Pakistan:

  1. Begin by selecting an institution that provides house financing. Most commercial banks, private or state owned, provide house financing schemes for example the ‘Apna Ghar Scheme’ started by the Bank of Punjab. House Building Finance Corporation (HBFC) was established solely by the government for the provision of home financing. Any institution may be selected as per the individual’s preference.
  2. Once the institution has been selected, apply to the house financing scheme by filling out the application form provided by the institution. The documents which are usually required include: Computerized National Identity Card (CNIC), income certificate, tax returns of FBR, current residential status and a personal guarantee. A minimal fee and waiting period are typically required for the processing and verification of your request.
  3. The third step involves choosing the option which best suits your priorities. These may include either the institution providing you a home fitting to your requirements, or you choosing a house in your preferred locality and requesting the institution to pay on your behalf. Land may be chosen, and a house may be built on it later, with all construction costs borne by the institution.
  4. In the final step, the institution determines your financial capacity using a team of qualified experts. The assessment usually looks at your financial resources, sources of income and credit history. Once selected as a suitable candidate, the loans are granted as per the decided terms and conditions. Some amount may be charged by the institution as down payment, but the rest is paid in installments as per the schedule provided by the institution. In the event of default in payments, the bank reserves the right to cease the asset and pursue legal action against you. Once the full payment has been done, the ownership of the property is transferred to your name.

 

Such a scheme is the Roshan Apna Ghar scheme launched by the State Bank of Pakistan for both Non-Resident Pakistanis (NRPs) and Pakistani Origin Card Holders (POC), allowing them to digitally or remotely purchase a property and build or renovate a house through their own investment or by using financing provided by a bank. Both conventional and Shariah compliant variants are offered under the scheme with favorable rates for a time span of three to twenty-five years. The digitalized process has made it much easier for overseas Pakistanis to obtain housing finance to invest in Pakistan’s real estate. NRPs who are looking to invest or obtain financing in pre-approved projects are given faster processing of their request. Investments by RDAs are repatriable and subject to full taxation.

 TYPES OF FINANCING OPTIONS

Standard Financing:

Lien Based Financing: NRPs can obtain house finance against lien on their RDA deposit balances or Naya Pakistan Certificates. Banks can finance up to 99% of the property value for the purchase or construction of houses; for renovation of house, financing is capped up to 40% of the property value. No mortgage of property, equitable or registered, is required against lien-based financing facility. The borrower will sign all the financing documents digitally, physical presence is not mandatory for execution of sale or transfer deed. The borrower will, however, have to nominate a person in Pakistan to complete the sale or purchase formalities and get the property transferred in the borrower’s name.

Non-Lien Based Financing: This is normal housing finance offered against mortgage of the property to be purchased; banks fund up to 85% of the property value for purchase or construction of house, and up to 30% of the property value for renovation of house. While the borrower will digitally sign the financing documents, their physical presence or power of attorney in Pakistan will, however, be required for obtaining the property’s title documents from Registrar etc. and creating the bank’s charge on the property. The banks will provide the soft copy of the Special Power of Attorney (SPA) to the borrowers for downloading, printing, signing, getting it attested by the Pakistan Mission in the borrower’s country of residence and sending the same to the attorney. Pakistan Missions and Foreign office in Pakistan has made special arrangements for attesting the SPAs of RDA holders on priority.

Government Mark-up Subsidiary Scheme (GMSS):

The house financing facility under GMSS is also available for RDA holders under Roshan Apna Ghar product as per the already defined criteria under respective tiers. In this case the financing rates applicable to Government mark-up subsidy scheme would apply.

UBL Roshan Apna Ghar is a unique financing facility that enables Overseas Pakistanis to invest in residential real estate in Pakistan. The facility is open to all UBL Roshan Digital Account holders in both Conventional and Islamic modes of financing. UBL is offering special discounts and offers for the clients of D.I. Khan New City . Special rates of markup with prioritized processing and disbursement will be offered to DIKNC customers for banking products including House building financing, loans for solar energy equipment, car financing and other special products.

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