Due to a number of factors, including fluctuating gold prices, inflation, a volatile stock market, and others, Pakistan real estate indicates that this year will be another year of real estate market expansion. In order to lessen the economic impact of the pandemic last year, the government of Pakistan lowered the interest rate and announced incentives for investors and businesspeople.
This led to the development of numerous affordable real estate projects in which investors had made significant investments for a variety of reasons. This effect is seen to continue throughout this year as well. The real estate industry in Pakistan is currently the most successful due to a large number of local and foreign Pakistani investors.
Is real estate profitable in Pakistan?
Real Estate Investment in Pakistan is being more encouraged than in any other sector due to the profits and benefits. To make your investment profitable, though, picking the perfect real estate property is also necessary.
What to consider before making an investment?
Before making an actual investment, it is important to consider a number of factors, including the property’s location, it should be planned to invest in commercial or residential. This can prevent investors from having to deal with several hassles as a result of choosing the inappropriate project to invest in.
Different cities in Pakistan have different investment potentials and different returns on investment. So evaluating every option is better before making an investment decision. Islamabad, Pakistan’s capital, and its twin city, Rawalpindi, are fantastic investment locations with high rates of return.
Along with a strong return on investment and rental revenue, the city’s beauty and peacefulness have a significant impact on residents. Bahria Town Islamabad and DHA Islamabad are the two primary residential communities in the twin cities that provide a strong return on your investment.
In addition to these societies,
- Gulberg Greens Housing Scheme
- Capital Smart City
- Park View City
- Blue World City
- Silver City Housing Scheme
- Kingdom Valley Islamabad
The Importance of Ring Road
The construction of the Ring Road in Islamabad and Rawalpindi would make it easier for locals to access far-off projects like Bahria Town, which were first disregarded. Bahria Town can easily be reached by car in 20–25 minutes from the city centers through the Ring Road. The most lavish but still reasonably priced areas for both residential and business investment are DHA and Bahia Town.
To wrap up
Government must bring a well-structured, transparent and centralized system for investors as compared to the current complicated procedures of documentation and doubtful legal support. After giving the industry status to that industry, the government should establish an industry regulator, approve rules regarding land acquisition and ownership and all property consultants and projects should be registered.