It is not easy to retail shopping center but when you do, it would turn out to be a highly profitable transaction. It depends on how it is done, if done rightly then it can surely going to deliver a stream of income and much more. The outcomes will be fruitful only if you get to understand the basic considerable requirements such as, business mind, resources, diligence, and expertise as well. It doesn’t make any difference now, if you are not aware about it as we are always available to make you understand the know-how of real estate market regarding buying, selling, or investing purpose. Stay here to learn more about it.

Characteristics of a shopping center:

In a world full of commercial and residential real estate, a characterization of large building in a shopping center where small buildings and floors exist for business purpose of direct purchaser retail sales. It involves tenants based on solid businesses, gives your products an identifiable name, and is a source of cash flow in a form of rental income. What else do you want? What are you exactly waiting for? Well, calm down you have to wait until and unless you get to sense about the investment criteria. Stay on this article to get updated already!

Factors driving the value of property:

Want to increase the chances of success? If yes, then go ahead to evaluate a vast range of factors that would drive the value of property as per trends.

Location:

To attract people’s attention, real estate market will always advise to look up for a perfection or in other words, location matters a lot either commercial property or retail shopping centers. All upcoming characteristics should be considered but location steals the show

Visibility:

It is better to have a front view or visibility on major roads to attract the top tenants, moreover to make it look a center of attention.

Types of retail center:

Following are the types of retail centers as it is important for you to have a knowledge about it before investing.

Generic Purpose Center:

This type of center possess shopping malls, strip malls, and community shopping centers. Well, this is known to be called “one-stop shopping” which offers a variety of products.

Special purpose Shopping Center:

Lifestyle centers, power centers, outlets, and subjective shopping centers fall under this category. The purpose of this type is to serve and attract the specific audience.

Restricted Purpose:

The retail shops like airport and stuff lie under this type whose aim is to a limited audience and it is also called a fusion of stores.

What is Direct Purchase?

Before investing in retail shops, it is mandatory have a know-how about direct and indirect purchase. So first things first! The direct purchase refers to buy a shopping center directly from LLC (Limited Liability Center) or other options like small partnerships etcetera. Direct purchase make you a boss of property and the control is all yours, it would let you fully focus on the oversight of property as well as complete participation in profits. But on the other hand, direct purchase might become a risk of exposing owner’s portfolio which require high amount of financial resources. However, not everyone is capable to purchase directly and show their identity.

What is Indirect Purchase?

If you are not capable of purchasing directly, the fortunately you have another option that is, indirect purchase. Meanwhile, it looks difficult for most of the investors to purchase shopping center due to lack of financial resources and functioning expertise. A shopping centers can manifest those who are partner shipping privately. There are many benefits if you choose this option, yet diversification and asset quality remain on the top.

Advantages of investing in shopping centers

When it comes to invest in retail shopping centers, people always want to know about the reason of why investing in such shops. Well, without uncertainty there are some of the benefits which would compel you to invest and get fruitful outcomes in a form of rental cash flow.

Maximum marketing of shopping center:

As you know that marketing plays a vital role in the business, as it is a source of attracting customers more often. Apparently, shopping centers are going to have a platform which will not only maximize the marketing of mall as whole but each store markets the value of mall by themselves. So it is basically not only about it because each store has its marketing sector that would help to build traffic inside these centers.

Clarity of matters:

Do you think investments are easy? No, as it does not make any difference if you put efforts while researching the whole lot. This is the reason why you have to be inconsiderate about the simpler options. Money is what we need at the end of the day and for that purpose you are supposed to be focused at all terms and cost.

Just understand the fact that money making on shopping centers is directly proportional to the increment of investment. In simpler words, if that specific shopping center is making money then the people will more likely to invest which would lead to fly upwards. So refrain from taking risks and invest only there, where your investments will likely to be safe and sound.

Decreases the risks:

Investing in real estate market is all about taking risks as it is a game you are going to play whenever you go for this option. But investing in centers like these would let you gain profits and lessen risks. If your store becomes successful then the game is all yours and if it does not then your investment would collapse.

Conclusion:

Now it has become easier for you to invest as you know all about the strategies and benefits of how and where to invest your money. So don’t think twice and go for it! We recommend you to invest in it to get better outcomes and profits in return. Happy investing!

If you are planning to rent a property then some really important things need to be considered before renting a house, apartment, or townhouse. First things first! Location is what matters nowadays and the necessities of daily life should be there such as, markets, grocery, and public transportation as well.

Usually, the landlords don’t really show that part of the house which needs to be renovated but you are required to check every possible damage that should be repaired before moving in.

Things to Consider Before Renting a Property

Worried about renting a property? Are you really supposed to be worried? No, because we have your back already. Following are the things you should take in consideration but you only have to read and move ahead to get more knowledge about it.

Location is important:

This is it! Firstly, it doesn’t matter if a house or apartment looks beautiful inside and out but when it doesn’t meet your needs, where it costs you to travel to school, grocery, markets, and necessities of daily life, so refrain from choosing such places as it is a matter of making your life easy. Secondly, the environment is of great importance when it comes to buying or renting a property, moreover, take a few days to check whether the area is safe or not, as if public transport works there and also if the place is too noisy or too hushed.

Is the property affordable?

Do not make it difficult for yourself, just look up for a property which you can afford and try to make these things easy for you so that you can go through other problems. Apart from this, if your budget is too low then you should wait for the right time whenever it becomes affordable. Do the math and sum up the savings you have, go through monthly rent, the taxes, moreover the bills you are going to get every month. Get yourself a better apartment or house as it does make difference in your lives.

Know-how of charges:

This is considered as one of the basic things you should be aware of, let us tell you how, you should not forget about the charges whenever get consulted by a real estate agent. Just ask them all the queries regarding rents and purposes as it is mandatory, moreover, your basic right. You are supposed to ask questions like, what is the criteria of down payment per week? Or how much it costs per head? And everything related to it.

What are the conditions?

You must be thinking about what kind of conditions, right? Go ahead to know more, conditions such as either the house is west-open or not and also if it doesn’t struggle with the ventilation. When viewing a house in the sunshine, it looks different and it is impossible to imagine as if the view is the same in winter. Evaluate the house as carefully as if you are going to buy it if any kind of issue is noticed before then it would be good for you so that you can convince your landlord to repair it.

As if the timing is right?

Well, the rental market moves often quickly but it doesn’t mean to accept the tenancy even before it mandatory. A mighty crossover would allow you to move all the items easily and give you enough time to clean up your previous place. So better look for the flexibility in a house you are going to rent.

Why the people are leaving who lived before?

This is one of your right to ask the current tenants that why they are leaving, and what made them leave a property, though it can help you to know about insights. Ask them about the rent they were paying, if it looks affordable then go for it before even having a second thought. There might come some obstacles from the nasty landlords, now it is your call to get through it and keep an eye on each thing before time.

Conclusion:

If you go through all the considerations then it will become helpful for you to decide what’s best for you and your future will be better than ever, so you should be aware of everything related to real estate buying, selling, renting, and investing purposes for own knowledge.

PAKISTAN’S real estate has a large contribution to its economic growth. According to a World Bank estimate, the size of a country’s real estate assets constitutes between 60 and 70% of the country’s total wealth; if these estimates are applied to Pakistan, the estimated size of the real estate sector would be $300 to $400 billion. Because of many financial, economic and political challenges, real estate has not performed well in 2019. But, there are bright prospects that there will be a high growth in the real sector in 2020.

There has been a slowdown in real estate since 2017 because of political instability and uncertainty of economic and financial policies. Absence of incentives for the investors, the imposition of ban on non-filers to buy a property worth more than 5 million unless they register themselves with the Federal Board of Revenue (FBR), FBR’s strict regulation on banking transactions of non-filers, levying of high taxes on transfers of property discouraged the investors to put their money in the sector in 2018-19. Another factor that contributed to slowdown of the real estate is non-utilization of developmental budget that led to contraction of construction sector and consequently, realty sector.

Despite the gloomy outlook of the real estate sector, there are compelling facts that indicate that the 2020 year will be encouraging for the investors, especially for the overseas Pakistanis. Among the promising factors which paint encouraging pictures for the real estate sector are the boom of the tourism industry. Inbound tourism in Pakistan has witnessed a marked increase of over 70 percent during the year 2019 as compared to corresponding year, mainly due to multiple initiatives, especially improved security situations.

Similarly, Pakistan is treading the right path by creating a favorable environment for businesses as the World Bank has ranked Pakistan 108th in global ranking in its “Doing Business 2020” report. The previous ranking of Pakistan was 136 in ease of business report which indicates the improvement of 28 places from previous year. Improved business environment will attract foreign direct investment into the country and create employment opportunities for the youth. According to a World Bank report, an increase in foreign investment and an expansion of the market has a direct link with the worth of real estate.

CPEC is another mammoth development project that will transform the economy of Pakistan and resultantly, the real estate sector will boom in the coming years. Special economic zones of CPEC are yet to be completed, but the positive impact of CPEC can be seen in the form of improved situation of the power sector and partial completion of the Lahore-Karachi motorway. Distance between Lahore and Multan has been cut short to 3 and a half hours from an earlier 5-hour distance. Businesses and investors are now touting Multan as the new economic hub of Pakistan. Development of DHA Multan and DHA Bahawalpur are some of the few examples that give credence to this fact that CPEC will transform the real estate business in 2020.

There is no denying the fact that the coming years will be an expansion of the real estate sector.

However, there are certain challenges to progress in the real estate sector in Pakistan. Withholding tax on non-filers on banking transactions, FBR notices to banking customers to authenticate their money sources are shattering the confidences of investors and compelling them to do banking transactions in cash. Up to 37 percent of the banking transactions are in cash which reduces the financial industry’s lending ability, says Asad Umar, former Finance Minister. This needs to be brought down to 25pc, and in Bangladesh, the cash-to-deposit ratio is at 16pc, he observed.

Likewise, Pakistani Diaspora is an asset to Pakistan as they spend huge amounts of money to Pakistan. According to the State Bank, Pakistan received a record $21.84 billion in remittances in 2019-20. The government needs to understand the fact that Overseas Pakistanis only invest their money in the real estate sector as they are not able to do business in Pakistan. The cumbersome procedure, imposition of high taxes on non-filer Overseas Pakistanis and requirement of visiting Pakistan for the completion of property acquiring process are some of many reasons that have discouraged Overseas Pakistanis to invest their money in the real estate sector.

All over the world, real estate and stock markets play a key role in the economic growth of a country. But, real estate in Pakistan is not able to reach its maximum potential because of the over-regulation by the FBR. At present, there is no tax on the property that is held for more than four years. But, a five percent tax will be imposed if the property of worth Rs 5 million is sold within four years and a 15 percent tax will be imposed on property sold within ten years of ownership. Increasing the tax rate and banning the non-filer is no solution. Only well-articulated research is required to broaden the tax net by incentivizing the non-filers to become filers.

The government needs to understand that its two projects of 5 million housing schemes and 10 million job schemes will only get success when the real estate sector grows because there are more than 100 industries, directly and indirectly, related to it. A boom in real estate will fuel growth in other industries such as the construction industry which accounts for 2% of the GDP of Pakistan. Taxing the already taxpayer will inflict harm in two ways; one it will squeeze the tax base as people will start using cash transactions instead of banking transaction and will hide their wealth, secondly, investors will park their wealth outside Pakistan and will purchase properties in Britain, Dubai, and investing money in offshore companies. There is a need to follow an incremental approach in reforming the system as fast track reforms can have negative implications for the economy, especially the real estate.

Nowadays, it looks difficult to buy a house in Pakistan with all the taxes and as per increment of a dollar but there’s no need to get disheartened as Government has consoled the taxes as well. Inflation is rising so do the prices of houses. In 2019, nationwide prices rose to PKR 10,875 per square feet by 5.05%, also got dropped by 3.98%. However, for every house, city, area, and location there are distinct prices per Marla or Kanal, it depends. You need to know the actual prices per square feet before buying or selling houses. Following are the prices of 5 Marla houses in distinct cities of Pakistan:

Prices in Lahore:

• DHA (Defence Housing Authority):

In DHA Lahore, there are 4,020 properties on sale including total houses (3,919), flats (97), Penthouse (3), and farmhouse (1). The current price of 5 Marla house is 14,186 PKR per square feet, increased by 1.84% of last year.

• Bahria Town:

In Bahria Town, a total of 246 properties are on sale including houses (195), flats (48) and upper portions (2). The current price of 5 Marla house is 11,657 PKR per square feet, increased by 5.33% in a year.

• Johar Town:

In Johar Town, total houses between 2-6 Marla on sale are 1,442 including houses (1,231), flats (208) and lower portions (2). The current price is 13,633 PKR per square feet increased by 6.56% since last year.

• Wapda Town:

In Wapda Town, there are 626 properties between 4-6 Marla including houses. The current price of 1-5 Marla is 12,079 per square feet changed by -1.97% in a year.

Prices in Karachi:

• DHA:

It includes 5,507 properties including houses (2,986), flats (2,498), penthouse (18), lower portions (4), upper portion (1). The current price of Marla house is 38,829 PKR per square feet altered by 6.94 percent in a year.

• Bahria Town:

In Bahria Town Karachi, almost 6,175 houses for sale including houses (4.085), flats (14), penthouses (6), upper portions (1). The current price of 5 Marla house is 9,690 PKR per square feet increased by 2.49 percent in a year.

• Gulshan-e-Iqbal:

In Gulshan-e-Iqbal, there are almost 3,275 houses for sale including houses (996), flats (1,973), upper portions (209), lower portions (69), Penthouse (28). The current price of 5 Marla house is 16,534 PKR per square feet changed by -5.15% in a year.

Prices in Islamabad:

• DHA:

In DHA, there are 1,831 properties for sale including houses (1,202), flats (621), Penthouse (7), farmhouse (1). The current price of 5 Marla house is 10,596 PKR square per feet changed by 6.09% in a year.

• Bahria Town:

In Bahria Town, total aggregate is 965 properties on sale including houses (729), flats (226), farmhouse (6), penthouse (4). The current price of 5 Marla house is 12,920 PKR per square feet altered by 3.26%.

• Pakistan Public Works Department (PWD) housing scheme:

In PWD, total houses on sale are 157 including (137) houses and (20) flats. The current price of 5 Marla house is 7,559 PKR per square feet altered by 8.33% in a year.

Future of Real State of Pakistan

Real Estate Investment in Pakistan has always been a remunerative business to secure a healthy amount of your well-earned money. The good old buying and selling phenomenon makes it easier to understand the simple rule of gaining profit in this investment sector and with the right type of land guide by your side, the chances of harvesting huge sums of turnout are like a walk in the park.

Let’s start with the types of real estate you can invest your money in, either to get benefit from the deal or a home-sweet-home for your lovely family.

Types of Real Estate Pakistan:

Reducing the vast field of real estate investment sectors in Pakistan to six major categories, we have;

1. Residential grounds
2. Agricultural grounds
3. Industrial grounds
4. Commercial grounds
5. Government grounds
6. Stark grounds

Overview of Pakistan’s Real Estate Market:

To know which is the best way to get the most benefits out of your investments? It is better to know about the history of real estate business in Pakistan and here, we come handy, to have a short overview ready for you to give a glance at and get to know the reasonable investment plans.

Pakistan’s Real Estate Forecast 2016:

The year of 2016 had been a golden year in the history of Pakistan’s Real Estate Market. It was a profitable year for all the sellers as well as the realtors, giving everyone’s business a friendly nudge in the upward direction. Many new local real estate agencies came into view in Pakistan in 2016 for both short as well as long term business.

Pakistan’s Real Estate Forecast 2017:

In 2017, due to the currency depreciation and skepticism over government policy, many international investors decided to stake in Pakistan’s real estate as the country has been successful in introducing pro-business reforms and boosting the current account deficit. But after the Panama Case incident, the property market crashed badly.

Pakistan’s Real Estate Forecast 2018:

In 2018, after the discoveries and leads to the case culprits made public, the estate market of Pakistan had to face a great fall. Property prices went down 25% from the peak in the beginning half of the year 2017. Properties worth millions had to be sold for thousands. Some buyers were waiting for the right time to invest when the property prices would strike their bottom lines. A price decline of about 40-50% was witnessed yet we maintained our legacy of giving the best investing advice to people.

Pakistan’s Real Estate Forecast 2019:

In the year 2019, the investment market was still struggling from the ignominious debacle. The sellers were trying to find the buyers with white money, some were holding on to the properties and waiting for the prices to take uphold. Realtors were the ones suffering the most. Half of them were forced to close their agencies by the upset situation of real estate. But we managed to provide our investors with sites that led them to secure a healthy amount of profit.

What to Expect from Pakistan’s Real Estate Market in 2020?

Moving on from 2019 to 2020, the year promises a good period for investments despite what others might say about the drawbacks. There is always more than one way to look at a glass that’s half-filled or as we would like to say, half full.

Market Status quo:

The real estate market is suffering a low curve due to all the attention towards the pandemic situation of the world. People, from all over the world are coming back to their homeland and now is the best time to invest money in real estate to secure all the valuable assets under your hold to get the most profit possible.

As for the sellers and realtors, this is a good time to cash out your priced property and get a good reasonable amount for your benefits.

Real Estate Investment in Pakistan has always been a remunerative business to secure a healthy amount of your well-earned money. The good old buying and selling phenomenon makes it easier to understand the simple rule of gaining profit in this investment sector and with the right type of land guide by your side, the chances of harvesting huge sums of turnout are like a walk in the park.

Let’s start with the types of real estate you can invest your money in, either to get good benefits from the deal or a home-sweet-home for your lovely family.

Types of Real Estate Pakistan

Reducing the vast field of real estate investment sectors in Pakistan to six major categories, we have;

1. Residential grounds
2. Agricultural grounds
3. Industrial grounds
4. Commercial grounds
5. Government grounds
6. Stark grounds

Overview of Pakistan’s Real Estate Market

To know which is the best way to get the most benefits out of your investments, it is better to know about the history of real estate business in Pakistan and here, we come handy, to have a short overview ready for you to give a glance at and get to know the reasonable investment plans.

Pakistan’s Real Estate Forecast 2016

The year of 2016 had been a golden year in the history of Pakistan’s Real Estate Market. It was a profitable year for all the sellers as well as the realtors, giving everyone’s business a friendly nudge in the upward direction. Many new local real estate agencies came into view in Pakistan in 2016 for both short as well as long term business.

Pakistan’s Real Estate Forecast 2017

In 2017, due to the currency depreciation and skepticism over government policy, many international investors decided to stake in Pakistan’s real estate as the country has been successful in introducing pro-business reforms and boosting the current account deficit. But after the Panama Case incident, the property market crashed badly.

Pakistan’s Real Estate Forecast 2018

In 2018, after the discoveries and leads to the case culprits made public, the estate market of Pakistan had to face a great fall. Property prices went down 25% from the peak in the beginning half of the year 2017. Properties worth millions had to be sold for thousands. Some buyers were waiting for the right time to invest when the property prices would strike their bottom lines. A price decline of about 40-50% was witnessed yet we maintained our legacy of giving the best investing advice to people.

Pakistan’s Real Estate Forecast 2019

In the year 2019, the investment market was still struggling from the ignominious debacle. The sellers were trying to find the buyers with white money, some were holding on to the properties and waiting for the prices to take uphold. Realtors were the ones suffering the most. Half of them were forced to close their agencies by the upset situation of real estate. But we managed to provide our investors with sites that led them to secure a healthy amount of profit.

What to Expect from Pakistan’s Real Estate Market in 2020

Moving on from 2019 to 2020, the year promises a good period for investments despite what others might say about the drawbacks. There is always more than one way to look at a glass that’s half-filled or as we would like to say, half full.

Market Status quo

The real estate market is suffering a low curve due to all the attention towards the pandemic situation of the world. People, from all over the world are coming back to their homeland and now is the best time to invest money in real estate to secure all the valuable assets under your hold to get the most profit possible.

As for the sellers and realtors, this is a good time to cash out your priced property and get a good reasonable amount for your benefits.

Here, we provide you with a list of projects that will help you boost the chances to get the maximum amount of benefits out of your investments.

• Bahria Town Lahore 5 Marla House for sale
• Houses for sale in DHA Defence Lahore
• Mortgage House Lahore

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The prime minister of Pakistan, Imran Khan has announced on 3rd April 2020 to re-open construction sectors for those people who have been struggling due to COVID-19 pandemic, daily wagers and laborers are highly necessitated and in need of food and income, so from 14th April 2020, the renewal of these sectors were to be pledged. Solely, for that purpose, he is conferring incentives of 1200 billion rupees. Moreover, 150 billion out of the total amount so far has been released a week ago. Due to this widespread disease, 10 million people have already applied to the AHSAS program. Basically, PM is aiding poverty-stricken people by providing them 12000 Pakistan rupees through this initiative.

Initiating status of the construction industry:

The construction sector is the second biggest sector after agriculture where several jobs are being laid out yet, the government has already re-opened the agricultural sector to provide jobs for daily wagers and Jobless and also to shut out coronavirus by the giving resources of it. The economy of Pakistan is directly proportional to the construction industry, it means ongoing work in construction industry would balance the economy in the respective circumstances. Apparently, the status of initiating construction industry is approved by the prime minister. However, the execution of this statement was counseled to be postponed until the next budget by Federal Business Revenue (FBR) and ministry. The government also announced establishing the Construction Industry Development Board (CIBD) to aid or promoting construction industry.

Incentives:

• Freedom for Investors:

He further enunciates that whoever is investing this year in construction industry would not be asked any question related to investments, the sources of income or where is the origin point of their money? So consider it a good news for those who are willing, have been allowed to invest.

• Consolation in taxes:

The fixed-tax regime had been announced by the government for construction sectors. Since, it seemed one of the complications confronted by the construction industry and they appealed to fix it. So from now on taxes will be reduced to refrain from agitating daily wagers. The taxes are supposed to be given in square yards or square feet as demanded by them. Although, if this sector helps in building the NAYA PAKISTAN HOUSING SCHEME, then the taxes will be reduced by 90% which means 10 rupees for every hundred. However, formal sectors like steel industries and cement industries are intended to give taxes respectively. And likewise, exempted for informal sectors so basically it has become very helpful for our lower-class community to get almost tax free jobs.

• Rationalization of Capital Gain Tax (CGT):

This sounds good news for those who want to sell their house as the regime has exempted capital gain tax (CGT). So the huge asset of making the construction sector, an industry and making it an organization so that the construction industry can be promoted in distinct purposes. Subsidy of 30 billion rupees is introduced to expand the structure of NAYA PAKISTAN HOUSING SCHEME.

• Reduction in sales tax:

Prime minister said both the provinces, KPK and Punjab respectively, are conjoined to diminish sales tax and already have made it less by 2%. So that it could help the buyers and sellers to some extent.

• Estimation of real estate:

The procedure of the latest estimation of urban real estate organizations of specific cities has been initiated by the Federal Business of Revenue (FBR). This process requires acceleration for the betterment of current circumstances.

Review about incentive-package for construction sector:

Though it seems a good package for the construction sector that will going to give Real Estate Market a new meaning or purpose to start, also it will manipulate builders and developers in almost everything. This package will provide a lot of job opportunities for daily wagers and jobless people to prevent hunger in this coronavirus pandemic. Due to this, Pakistan’s economy would get on board as well in such strenuous time. As a whole, this package directs the betterment of the economy assisted through the construction industry which will play a cardinal role in it. The future of real estate looks better with this bundle of incentives as it is going to offer our youth, distinct jobs and also for the other traders as well. Once, we are done with this quarantine, we’ll be seeing this industry rising in the future.