CDA launches affordable apartment project for overseas Pakistanis
2-3-2023
Islamabad: The Capital Development Authority (CDA), in collaboration with the government of Pakistan, has launched Nilore Overseas Residencia Phase-1, an affordable apartment project developed exclusively for overseas Pakistanis, an advertisement in daily news newspapers reads. Read: CDA to begin construction of 5 parking plazas simultaneously The project offers 2-bedroom apartments, spanning over 779 sq ft, on Lehtrar Road, Zone-IV, Islamabad. The advertisement states that the online application for the apartments will be available from February 25 through March 31, 2023, and that computerized balloting will take place on April 15. Image source: Dawn E-paper The apartment project, which will be carried out jointly by CDA and the central government, is only open to overseas Pakistanis with valid NICOP and Pakistan origin cards, and all payments will be made in US dollars. The advertisement has asked interested buyers to visit CDA’s official website to download brochures and application forms, starting on February 25. ‘ Read: CDA revises PC-1 of low-cost NPHP apartments in Farash Town It is important to note that the CDA has launched several apartment projects for overseas Pakistanis to attract foreign direct investment (FDI)