Current situation of real estate sector in Pakistan is satisfactory. Pakistan economy is progressing now a day and the development of new projects are increasing in Pakistan, especially in emerging cities with real estate investment prospective. In Lahore, Islamabad, Karachi and Rawalpindi there are lots of projects completed and even sold straight after launch, and there are many currently in the development process with reasonable prices. Real estate projects are developed in low privileges areas of Pakistan too.
Recently, DHA launched in Multan and Gujranwala. This is the best opportunity for investors to invest at that time because it is in the development process and rates are affordable. Many other projects like Faisal town, Garden town and Wapda town have launched in these cities. Pakistan real estate sector is playing a tremendous role to contribute to the country’s economic growth.
Here, Investment decisions are different for people with different backgrounds. For overseas Pakistanis who have family in Multan, it may not make sense to invest in Murree. However, if the investor is a foreign national aspiring to invest in Pakistan for its vibrant rental and vacation properties, Murree would be his perfect choice. If a Pakistani national is relocating to Pakistan or he is thinking to move from his residential city to another, chances are he will be looking at one of the nation’s top three major cities Lahore, Karachi and Islamabad.
An Increasing number of development projects should be the prime attraction for investors in Pakistan. There is a large development in the process of both public and private sectors. Real estate builders are now engaged in a housing or commercial project backed and financed by a powerful national or international group. The builders will now pay minimum tax for construction and sale of residential buildings. It created competition among the builders and in result they have no choice other than providing affordable rates even in the mid-tier cities. Now the prices of plots in Pakistan are better than past years.
When the development of Gwadar was announced in the 2002, it seemed a lucrative opportunity for investors as plenty of land was available for commercial and residential purpose. Prices skyrocketed at that moment, but unfortunately, law and order situation and real estate crash of 2005 resulted in decline of the demand of Gwadar.
However, the recent announcement regarding the China Pakistan Economic Corridor and Chinese takeover of operational control of Gwadar has renewed the interests of investors in property there, prices have increased from 50 to 150% and are thought to rise further. Incentives for aspirants of Gwadar includes tax rebates and electricity at subsidised rates.
