Islamabad: According to an advertisement in daily news publications, the Capital Development Authority (CDA) has launched Nilore Overseas Residencia Phase-1, an affordable apartment complex created specifically for overseas Pakistanis. Situated on Lehtrar Road in Zone-IV of Islamabad, the project offers 779ft 2-bedroom apartments. According to the advertisement, the apartments' online application will be accessible from February 25 through March 31, 2023, and the computerized ballot will be held on April 15.
Speedy Development of E-12 Sector by CDA
As per details, only overseas Pakistanis with a valid NICOP and Pakistan origin card are eligible to apply for the apartment project. The project will be carried out jointly by CDA and the federal government. All payments must be paid in US dollars. The advertisement instructed potential customers to visit CDA's official website beginning on February 25 to download brochures and application forms. ‘
It is significant to note that the CDA has initiated a number of residential projects for Pakistanis living abroad in an effort to draw foreign direct investment (FDI) to help the country financially in the prevailing crisis situation.