Buying a house in Lahore
Lahore is the capital of Punjab, which is known as the social focus of Pakistan. There is a well-known saying in Urdu about the energetic life and delights of the city. It may be interpreted as “the individuals who have not seen Lahore have seen nothing.” Lahore is an awesome mix of dynamic culture, incredible legacy and energetic individuals. Individuals here appreciate life without limit. Lahore is additionally appreciated for its great food. There are a large number of eateries in Lahore that offer a wide assortment of food, from Desi street food to International dishes.
In Pakistan, particularly in Lahore, the land area has developed fundamentally in the most recent couple of years. Alterations to the assessment laws have prompted a sharp ascent in property costs and new lodging plans in Lahore after some time. The profit from speculation is high and the standpoint is acceptable. There is no lack of alternatives in the Lahore housing market. There are numerous private improvements like Al Rahim Park, Ali Town, Bahria Town Lahore that offer units available to be purchased.
Types of homes in Lahore
In the event that you are putting resources into current lodging projects like Lake City in Lahore, purchasing a house in Lahore can be an overwhelming assignment. The venture is situated on the celebrated Rewind Road. The task covers a region of around 2,400 acres of land and gives a remarkable lifestyle for the overall local area in the peaceful green climate. The best thing about the Lake City lodging project is that it has its own ring street, which makes life simpler for occupants.
Bahria Town covers a huge region of land and is another well-known private project in Lahore. The Project is situated on the edges of the city close to Canal Road and Thokar Niaz Baig. Multan Road and Mall Street are close by, which raises house costs and makes it a superior spot to contribute. This sort of local area can be reached in an assortment of ways, for instance, it is situated a little way from Lahore Ring Road.
Home Trends in Lahore
Things like public vehicles, markets, streets interfacing instructive establishments and downtown areas, and security all significantly affect property costs. Luckily, practically all significant lodging projects in the city have such freedoms. Hence, in these networks in Lahore, it very suitable to purchase a house as there is a decent possibility of cost increment later on, which can prompt great benefits.
Bahria Town, Lahore, is a famous residential project. Houses here sell rapidly. The 5 Marla house costs between 74Lakhs PKR to 1.68 crores.
Educational Environment of Lahore
Auxiliary schools, universities and colleges are situated on the whole significant locales, including the significant urban communities of Lahore. Well known colleges like Girls’ Primary School, Bismillah Campus, Bank of Laurel High School, State Certification College, Lahore Medical and Dental College, Concordia College, Light Business and Science College, and Azra Nahid close to Lake Lahore Medical School, Sheriff Dental College of Medicine, Beacon House National University, UET, Lahore School of Architecture and other clinical universities and colleges. Probably the best school here is Froebel’s International School.
Safe city Lahore
Contrasted with certain significant urban areas in Punjab, Lahore has awesome designs for water conveyance, waste, phone lines, power and web. Lahore is likewise more secure than other significant urban areas in the country.
Commercial Hub in Lahore
Lahore is famous for food and diversion, so you have minimal decision with regards to eateries, shops and corner stores in Lahore. For instance, if you think about Al Rahim Garden Lahore, know that there is no neighborhood food, yet you will discover Bismillah eateries that represent considerable authority in contemporary cooking and close by cafés and food markets.
Close to Bahria Town Lahore, you can discover numerous cafés like Crista 11, McDonald’s, The Pizza Shop, Jimenez Java Cafe, Luxurious Hotels and Café, Flames Grill N Bar. The city is in excess of a retail outlet. Green valley Supermarket, Salam Square, Lake City Mall and Lahore Mall are the absolute most mainstream shops in Lahore.
Why invest in Lahore?
One of the fundamental motivations to put resources into Lahore is the city’s effective trade framework. Lahore is an enormous benefit over the quick metro transport administration around the city. In the event that you come from a major city, it’s difficult to work, so it’s ideal to move here. Lahore is the second biggest monetary focus after Karachi Pakistan, so there are thousands of occupations here.
Buying a house in Lahore
Monday, 15 March 2021
Lahore is the capital of Punjab, which is known as the social focus of Pakistan. There is a well-known saying in Urdu about the energetic life and delights of the city. It may be interpreted as “the individuals who have not seen Lahore have seen nothing.” Lahore is an awesome mix of dynamic culture, incredible
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Buy a home in Islamabad
Islamabad is the capital of Pakistan and is among the beautiful cities of Pakistan. It is the only planned city in the country. Islamabad is famous for its natural beauty vast green spaces, parks, landmarks, forests, wildlife, etc.
Islamabad is located on the northern plains and it has pleasant weather. The Islamabad city provides its residents with a high standard of living because they have easy access to basic amenities and are happy to live in the cleanest city of Pakistan. The majority of the population of Islamabad belongs to the middle, upper-middle and upper class.
Islamabad Capital Territory (ICT) is a federal city under the control of the federal government. It is also a place where all state affairs are discussed and resolved. Home to a very large section of personnel, Islamabad has some great and prominent features. There are number of residential projects in Islamabad where people often invest heavily like in Bahria housing, DHA homes and others. Housing prices in Islamabad have increased since the 1960s.
Islamabad, like other metropolitan areas, offers immense investment opportunities.
Home in Islamabad
Are you looking for a home for sale in Islamabad or to find the perfect property in Islamabad, the city offers a wide range of properties. There are 5 Marla, 10 Marla and 01 Kanal houses in Islamabad. It offers single, double and triple bed beautiful apartments.
Residential properties in Islamabad
Residential properties include all types of homes, apartments, townhouses, flats and apartments. If the investment is low or you do not want to invest a large amount of money in real estate, try buying a home of 5 Marla in Islamabad.
Hundreds of 5 Marla and 10 Marla Houses are available for sale in Islamabad. You can also own a home by paying a small amount each month.
Commercial real estate in Islamabad
These properties include commercial and office space that is rented for any type of business. Similarly, you can get free income from your commercial property in Islamabad.
Industrial real estate in Islamabad
Features of the industrial property is that you can use it for creating products, storing products and distribution of the products. Where Islamabad employs industrial areas, investing in industrial real estate is generally more profitable.
It is not wrong to say that the best facilities offered by Islamabad to Pakistan are modern infrastructure such as clean and safe water, electricity and gas, modern facilities like educational institutions and cemeteries, large playgrounds, green parks, cinemas and theaters, Islamabad has all.
Educational institutions in Islamabad
There are hundreds of small and large schools and universities in Islamabad today. There are schools and universities in many fields and communities near houses in Islamabad. Private and public educational institutions are playing their role in giving the city the best educational facilities.
Transmission system
There are many transport services in Islamabad. The Metrobus service is widely used by the working class in all major parts of the city. Although private taxi services also operate in Islamabad but many Islamabad residents prefer to use their own vehicles.
Security
Islamabad is considered as the safest city in Pakistan due to its sophisticated security system and more than 1500 surveillance cameras. Most buildings and houses in Islamabad have installed surveillance cameras inside and outside. Crime rate in Islamabad is lower than other cities comparatively.
Shopping centers in Islamabad
Some of the major shopping malls in Pakistan are already operating in Islamabad and are planning to implement the following projects, Arabia Mall, Imarat Builder Mall and Amazon Mall.
Islamabad has a large number of local markets that allow people to buy anything locally.
Health Centers in Islamabad
Islamabad is the place to find the best health facilities. There are many private and public hospitals and clinics that successfully meet the health needs of local and foreign citizens.
The best medical providers in Islamabad are Shifa International Hospital, Quaid-e-Azam hospital, PIMS, Kalsoom international etc.
Nearby places
There are many places around Islamabad to relax or spend a day with family and friends. Do you love Islamic architecture? Take a look at the famous Faisal Masjid. Would you like to go on a weekend trip? Go to the Margalla Hills.
If you just love the natural beauty visit Rawal lake, Daman-e-Koh or Pir Sohva can be a great place. History enthusiasts should visit the monuments of Pakistan, Lok Virsa and Saidpur village.
There are also the best and most luxurious hotels in Islamabad. Many of these popular hotels include the Marriott and Serena hotels. The hotel’s aesthetic ambiance, swimming pool, gym, high-quality restaurant and landscaping will enhance your visit. In addition to these luxury hotels in Islamabad, there are many rest/guest houses.
Buy a home in Islamabad
Friday, 05 March 2021
Islamabad is the capital of Pakistan and is among the beautiful cities of Pakistan. It is the only planned city in the country. Islamabad is famous for its natural beauty vast green spaces, parks, landmarks, forests, wildlife, etc. Islamabad is located on the northern plains and it has pleasant weather. The Islamabad city provides its
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DHA Multan an Investor’s Hub
In real estate industry, Defence Housing Authority is the most reliable brand name for luxury residential fraternity. Although, DHA being a brainchild of military: a disciplined, organized and well-maintained institute in Pakistan and so does their projects that can never dive steep down in market values because quality offered and ensured makes living in DHA a dream come true. DHA Multan is carefully and dynamically designed project for the coming times to live and fulfill residential needs in the southern Punjab district.
Features :
DHAs’ are designed on the patterns of Cantts an abode for serving military personnel. Hence, it offers all facilities that include cash & carry, schools, hospitals, masjid, restaurants etc. It occupies vast area of 9000 acres to include all these amenities an individual or a family requires for a living. The most significant features is discipline and 24/7 strict security management in the premises of DHA as it makes it a perfect place for luxury living. Moreover, the distinguishing facility given is fire fighting system in emergency, standby generator to fulfill power needs and 18-hole golf club that add something new, exciting and value-oriented for the residents as well as for investors.
In the commercial domain, a commercial hub is situated at 300ft wide road in the middle of DHA with ground plus 3 floors offering diverse usage of business activities. It will certainly create and attract business opportunities, provide employment and entrepreneurship environment. Security and facilities are prerequisites for residential and business activities.
Location :
Ease of access is a primary need of any project that adds up worth to it. The location of DHA is most appealing for living as well as investment purposes as its main entrance is on Bosan road, nearly opposite to Institute of Southern Punjab ISP. Additionally, it has two more gates, one on Matti tal road near women’s university and other on the entrance of Multan on Khanewal road at rawan bypass.
All these three locations are strikingly lucrative because development, business and residential activities around them reflect its significance. Bosan road caries Bahaudin Zakaria University, Beconhouse School, Buch Executive villas, NAB office, Mall of Multan, Metro cash & carry and other significant buildings and offices. Even the residential and business trends are swelling on both sides of Bosan road. In addition, Metro bus system ends opposite to BZU and is hardly 3-4kms from DHA gate. Proposal for extension of Metro bus till DHA is on the table.
Business and Investment Potential :
The business and investment potential can be traced from location and features offered. Academically, first three principles for investment are location, location, location. Anyhow its importance is already described earlier. The most astonishing fact is speed of development as sectors M, Q is announced for possession and construction activities. DHA villas is in last stages of completion and can be handed over anytime soon.
Location and continuous steady development is a key Hallmark of DHA Multan. It’s Marque is operational since last year and raised the activities and traffic of people. Additionally, with construction industry relief package, one can yield high profits in quickest time if acts prudently and invest in business hub of DHA Multan. It’s a dream living in city of Saints full of amenities and environment. It is a city in the making to live that will revolutionize the living standards in the town.
Feeta.pk is an emerging website offering sale, purchase and rent with a user-friendly medium for the citizens. It offers all types of plots, houses, residential, commercial, business and apartments.
DHA Multan an Investor’s Hub
Saturday, 27 February 2021
In real estate industry, Defence Housing Authority is the most reliable brand name for luxury residential fraternity. Although, DHA being a brainchild of military: a disciplined, organized and well-maintained institute in Pakistan and so does their projects that can never dive steep down in market values because quality offered and ensured makes living in DHA
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10 Ways to Reduce Construction Cost
Construction is a wide field and there is a lot of competition among contractors who bargain on the quality of construction they provide. Here are few tips on which you can decrease construction cost without compromising on construction quality.
1. Good plan/layout of building:
First and basic requirement for construction is a good layout/plan of the building/project you want to construct. A good plan can decrease or increase your construction cost. So Plan must be simple, elegant and energy efficient keeping in view the concept of green building.
2. Hire Qualified Contractor/Subcontractor:
Hiring a qualified contractor can result in reducing material wastage, making corrections in drawing as per field, understanding the purpose and feel of building. Always try to hire qualified and young engineers as they work very professionally and work hard to make their name and also they’ll charge less as compared to experienced contractors.
3. Hire skilled labour:
If you are constructing house/building by yourself and want to hire labour for that project go for skilled labour. Monitoring the labour is a hell of task but skilled labor will reduce 50% of your pain for the project. Though they’ll charge a little high but will do more quantity of work than unskilled labour.
4. Thickness of walls:
Thickness of internal walls (Washroom/toilet, powder, kitchen etc.) should be less than external walls. As internal walls act as partition walls and no load/minimum load is distributed through these walls so thickness should be less.
5. Use local material:
As local material is readily available and it reduces transportation cost. In some areas. Bricks are cheaper and in some areas concrete blocks are cheaper, so use local Material for construction.
6. Avoid Unnecessary construction members:
Most of time, clients on the direction of unqualified contractors provide unnecessary beams or other members to support structure which result in increasing the cost of construction.
7. Squared Shape Rooms:
Constructing rooms having length and width same instead of rectangular shape will result in decreasing cost up to 20%.
8. Minimum rooms/walls on ground floor:
Constructing the least rooms/walls on ground floor results in minimizing foundation which then results in decreasing the cost up to 30%. As most of the Money is utilized in making foundation extra stronger which increase the cost. So provide more rooms on 1st or 2nd floor.
9. Foundation Width:
Most of the time people want to construct more foundation width than usual without knowing the reasons like type of soil, height and load of building, Soundings etc. and results in wasting a lot of Money on nothing.
10. Time Frame:
Delaying the project results in increasing the cost so always try to complete the project within minimum time frame. When we delay the project it’ll cost labor charges and escalation of material which increases the cost. So Always try to finish the project in minimum time frame.
In today’s world of selfish nature, nobody cares about your loss, most architects even don’t think before designing and copy paste their designs and try to adjust them in different environments without thinking about the client’s money. So it’s only you who have to care about money and quality of work.
Feeta.pk is Pakistan’s No.1 property website offering sale, purchase and rent with a user-friendly medium for the citizens. It offers all types of plots, houses, residential, commercial, business and apartments.
10 Ways to Reduce Construction Cost
Wednesday, 24 February 2021
Construction is a wide field and there is a lot of competition among contractors who bargain on the quality of construction they provide. Here are few tips on which you can decrease construction cost without compromising on construction quality. 1. Good plan/layout of building: First and basic requirement for construction is a good layout/plan of
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5 Reasons to Invest In Multan
Globally, property investment is believed to be an “easy money” way. The only prerequisite is smart decision making in choosing a location and some patience. The same holds true for Pakistan, especially Multan as it is most likely to be the center of South Punjab. It is soon to be the ‘money-making place’. But, how can we anticipate about Multan? Does Multan carry enough potential? The investor is wise enough to think about the pros and cons before investing capital in any market and land. So, we will discuss the realities associated with this narrative.
1) No saturation / Investment potential:-
It is undeniable fact that no saturation exists in the property market of Multan: there exists space, potential, and capacity for investment. The swelling of the city has just got acceleration. Investment opportunities are available very near to already established residential settlements and not far away from the center of the city. On a surprising note, agricultural land and mango orchards can be viewed inside the city and are regarded as the best option to invest as it can get high in price scale in the quickest time if developed prudently.
2) South Punjab Province on cards:-
The demand for South Punjab on administrative grounds goes way back, but PTI led govt seems serious in this regard as the South Punjab secretariat has been functional. Development projects can be witnessed in and around Multan and are most likely to be the capital of the new province. New district status to taunsa, kot-addu clearly adds up to this narrative. It’s a fact universally acknowledged that prices swell where infrastructure development is done and it fits in the argument for Multan being an ideal for investment.
3) DHA / Citi Housing:-
DHA’s name in real estate isn’t unknown to anyone in the country. Under the patron of the military, they are the most reliable, well maintained, organized real estate project. Multan, the economic capital of South Punjab, is the new destination of DHA and is offering residential, commercial, business opportunities for the citizens. The prominent feature is the 18-hole Romanza golf club which stimulates investors’ attention. In DHA history, no one experienced loss in the capital value from investments. The same goes true for City Housing which is a scion of Bahria Town Pvt Ltd. They exist almost in every big city of Pakistan and have launched themselves in Multan at two opposite corners of the city, first at Bosan road and recently at shujabad road. They both are prime locations and ideal for investment as the city is expanding in these directions.
4) Commercial and Business:-
To start with, Pearl Continental Hotel, a 5-star hotel chain that is under construction near Askari Phase-I Multan Cantt, will certainly increase VVip travel and tour in the city. Although, Ramada hotel already functional for many years PC addition will certainly leave its position impact. Along with this, Metro cash & carry is newly launched in Multan at Bosan road, which will increase the significance of Multan as a safe place for investment. Metro Bus system already links the opposite ends of the city, thereby easing the connectivity. These are the features of big cities, resultantly, will attract business and investment to the city of saints and ultimately increasing property prices.
5) Price hike:-
It has been witnessed with developmental and infrastructure projects being carried out in and around the city like Nishtar-II, motorway connectivity from North and South, upgrading of roads and sewerage systems are resulting in price hike by 100%-150%. Even the rural population of South Punjab prefers shifting to Multan so that their children can get modern education and grooming environment. This has increased the demand for the residential sector. Undoubtedly, 2-3 years from now, when these projects will complete Multan will certainly get into the shape of a metropolitan city and property investors will be able to secure fat profits.
Summing up this discussion, Multan has the potential to project itself as a trustworthy market for property investment, but with patience to avail the yield beyond imagination.
5 Reasons to Invest In Multan
Tuesday, 19 January 2021
Globally, property investment is believed to be an “easy money” way. The only prerequisite is smart decision making in choosing a location and some patience. The same holds true for Pakistan, especially Multan as it is most likely to be the center of South Punjab. It is soon to be the ‘money-making place’. But, how
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Best online portal for Real Estate in Karachi
You must be looking for the list of real estate agents in Karachi, or you would be wondering what the best Karachi real estate companies you can look for. When you search for a property for sale in Karachi, it is essential that you find out a lot more about the Karachi real state and then look for the best online portals that can help you with purchasing or selling real estate in Karachi. Below we have compiled the list of top property portals where you can rent, buy, or sell Karachi real estate.
Feeta.pk
This is an online property portal that can help you relate to the Karachi release date. When you are looking for a plot or a shop to purchase or sell, you can check the property listings here on this portal. It is one of the top property portals with trusted sellers and customers to provide you with the best options for the property. You can not only look for the plots but also you can look for the houses to rent or to purchase. The excellent navigation of this website makes it an incredibly great online property portal.
Zameen.com
Zameen.com is another one of the Grand online portals for the real state in Karachi. You can find out some of the best property listings here on this platform. It has made its name because of the trustworthy functions and excellent website navigation. Moreover, the functionality and performance of Zameen.com are top-notch.
Olx property Karachi
OLX is another famous property portal. Initially, it was a simple portal that helped people to sell their stuff. But now, it has expanded its services to help people buy and sell the property. It has become a famous platform for selling and purchasing various things, including vehicles and property. The people who are looking for property in Karachi must check Olx property Karachi.
Propertyfinder.pk
Propertyfinder is another online portal that has been helping people find out the exact property to purchase or sell not only in Karachi but all over Pakistan. It is a famous and trustworthy online portal for looking for a real state in Karachi. It is always a better option to get in touch with the trusted and authentic property portal to provide you with the best options available.
Visit the local real estate agents.
Whether you are planning to sell or purchase the property, there is always the option of visiting the local real estate agents. There is a long list of real estate agents in Karachi that are available. However, it is always best to look for the available options near the property you want to sell, purchase, or rent.
Whenever you want to invest in real estate in Karachi, and you want to know a little more about Karachi real estate. You can always go to the online property portals are the real estate agents in Karachi that can help you with purchasing the property or buying it and making sure that you find out the authentic buyers or sellers.
Best online portal for Real Estate in Karachi
Thursday, 24 December 2020
You must be looking for the list of real estate agents in Karachi, or you would be wondering what the best Karachi real estate companies you can look for. When you search for a property for sale in Karachi, it is essential that you find out a lot more about the Karachi real state and then look for the best
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Why should you invest in DHA Multan?
Are you living in Multan, or are you planning to invest in property in Multan? Right now, the best place to invest in DHA villas Multan is becoming famous because of the value and quality. People are planning to invest in the property because of various reasons. Are you wondering what the reasons to invest in Multan Dha villas are?
There are various reasons why people are now looking for houses for sale in DHA villas Multan. Let’s find out the reasons.
Best timing
It is no doubt to invest in real estate all over Pakistan. If you are specifically looking for a place to invest in Multan, you know the best option. DHA Villas Multan is the best spot to invest your money right now in 2020. Real estate is becoming the biggest boom and the most developing industry in Pakistan. And to get the best benefit out of the real state, you can invest right now because it is the best time.
Best prices
When you plan to get a property in Multan, you must be wondering what the best place to get is best to invest your money in Multan. We would recommend you to look for the houses for sale in DHA villas Multan. These houses are not only available at the best prices, but also it is the best place to invest your money because of the biggest value of money.
DHA is a trustworthy authority
Whether you are looking for houses in Peshawar, you are looking for property in Karachi, Defence housing authorities a trustworthy spot. The same goes for Multan. When you are looking for houses to invest your money in or want to get a residential plot or a commercial area, you can invest in DHA villas Multan, which is trustworthy and a viable spot to invest your money. The success of the Defence housing authority is very well known; therefore, it is easier for people to trust such authorities with their massive amount of money. Make sure you are getting the best benefit from the investment you are doing in real estate in Multan. And investing in Defence housing authority anywhere in Pakistan is always successful because the foundation is trustworthy, and people have a perception of it being a great locality and a posh spot.
There are various other reasons to invest in DHA villas Multan, but the value of money and the success ratio always remains on the top. It is always great to invest your money in a trustworthy real estate property that provides you with a better idea of success and better Returns. Ensure you are getting the best benefit out of your investments in Multan and all over Pakistan. And you can look for the property through online property portals. Feeta.pk is a successful property portal that can help you get the best property listings all over Pakistan.
Why should you invest in DHA Multan?
Thursday, 24 December 2020
Are you living in Multan, or are you planning to invest in property in Multan? Right now, the best place to invest in DHA villas Multan is becoming famous because of the value and quality. People are planning to invest in the property because of various reasons. Are you wondering what the reasons to invest
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Is it worth Investing in Lahore Real Estate?
Lahore is one of the most populous cities in Pakistan. It is also known as the city of lively people. You can enjoy various cuisines here, and it is a lovely city with warm and welcoming people. When it comes to moving to other cities or buying a property in multiple Pakistan cities, you might be skeptical about choosing the perfect area. But do you think that investing in real estate in Lahore is worth the money?
Well, keep in mind that the real estate business is an evergreen business that will not leave you empty-handed. You need to have the interest, and you need to wait for the perfect time. The calculated risk can provide you with greater benefits. Moreover, when it comes to investing or buying a property in Lahore, there are many great options. With the new projects starting in Lahore, the locality rates are increasing, and it might be the best time to invest your money in the Lahore real state.
How to find a perfect property in Lahore when you are in Karachi?
This is a common problem that most people in Karachi or other cities of Pakistan might be interested in investing in real estate in Lahore. But what is the solution to that? The easiest and most straightforward solution is to use the online property portal. You must be wondering if there is any authentic and smartest property portal available with the massive amount of property listings with the updated image gallery. There is an excellent property portal that will provide you with the perfect amount of information regarding a property and provide you the information regarding the owner. But do you know what online property portal it is?
Well feeta.pk is a top-notch property portal that is becoming famous because of its excellent navigation and the various filters that can help you find the perfect property anywhere in Pakistan. The same goes for when you are looking for a property in Lahore. Whether you are in Karachi or any other city in Pakistan, you do not have to worry about initially visiting the area. You can narrow down the best options in Lahore real estate, and then you can make up your mind to visit Lahore and finalize the deal with the owner.
Feeta.pk, as we know, is the fastest growing and smartest online property portal in Pakistan with various features for anyone in Pakistan. It will provide you massive information regarding any property along with The authenticity of the owner, and it will also make sure that the privacy of the buyer or the seller is adequately protected. Not only for buying and selling, but you can also use this platform for renting purposes. It is also about the houses, but you can also find out flats, shops, plots and much more on this website.
Is it worth Investing in Lahore Real Estate?
Thursday, 24 December 2020
Lahore is one of the most populous cities in Pakistan. It is also known as the city of lively people. You can enjoy various cuisines here, and it is a lovely city with warm and welcoming people. When it comes to moving to other cities or buying a property in multiple Pakistan cities, you might
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How can I buy property in Pakistan?
Introduction:
Buying a property in Pakistan is an entirely uphill and challenging task, especially when you have never been to a real estate in Pakistan. When you have money in your pocket, then everything related to property looks appealing and rosy. When you deal with different property dealers, every one of them will make you believe that you will be a millionaire if you invest in their plans and projects. In some cases, this might be true, but in most cases, you’ll end up losing all your money over some shady projects.
Real estate Pakistanis undoubtedly a significant investment in businesses, but the Pakistani Government never regulates it. The lack of authentic information gives room for wrongdoing. Therefore, one should be very careful while investing. He should spend some of his time to gain knowledge through all the available means. There are numerous property scam reports in Pakistan, even in the big cities like Karachi, Lahore, and Islamabad. These property scams include selling illegal properties, selling fake documents, selling encroached properties, etc. Scams that are related to the government have time risks. In this case, you lose the cost opportunities.
How can I buy a property?
If you are thinking of buying a property in Pakistan, then real estate investments can be a good or bad option, depending on your choice of estate agency. A suitable property can bring you good fortune, but a lousy property may not get you any gain or fortune. These conditions depend on how much homework you have done. If you are an investor, you cannot always make the right decisions, but you can decrease fraud and loss risks. You can do this by doing proper researches and homework. To be on the safe side, you should always keep the following points in your mind.
- You must know your sponsor and have detailed information about them. You should always check their reputation in the market to get better knowledge about them.
- You must know the project in which you are going to invest.
- You should know the location of the land before investing in the project.
- After knowing the location, check the master plans like project features and town planning.
- You should check if the developer is good or not.
- Look for trustworthy and authorized dealers in the market.
- Compare the price with the market price.
- Always verify the documents from the society office.
- Meet the owner of the land before buying it.
- Never pay the full amount in the first meeting. Instead, pay in advance.
- Always demand a copy of the sale agreement.
- Make transactions of the property in the form of payment orders.
Moreover, if you are new and want to invest in a property, then you must go for some of the trusted real estate of Pakistan. The trusted and verified property real estate agencies of Pakistan include feeta.pk, zameen.com, saibanproperties.com, etc.
Conclusion:
Feeta.pk is the most trusted and verified property portal based in Pakistan that offers its customers the highest level of services. It was established in 2020, but it has overturned the whole real estate of Pakistan. This portal enables you to buy, sell, and rent properties all over Pakistan. Using this app, you can find flats, houses, plots, and apartments in almost any city in Pakistan.
How can I buy property in Pakistan?
Saturday, 19 December 2020
Introduction: Buying a property in Pakistan is an entirely uphill and challenging task, especially when you have never been to a real estate in Pakistan. When you have money in your pocket, then everything related to property looks appealing and rosy. When you deal with different property dealers, every one of them will make you believe
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How to find property for sale in Islamabad?
Are you planning to move to Islamabad, or do you want to invest in the real state in Islamabad? Are you planning to get in touch with somebody to look for the options regarding Islamabad’s real state? Do you want to know a little more if it is worth investing in property in Islamabad? Well, these are all the options that come into the mind of any individual who is a potential investor in a real estate property. Suppose you are potentially looking for a property in Islamabad, you might need to look for a property for sale in Islamabad. But where should you look for the property?
Finding the property in Islamabad is not Rocket Science. But when you are not in the city and are planning to invest, it might be a little hassle. How would you find out the property for sale in Islamabad when you are not living in Islamabad? It is not a problem anymore.
Download feeta.pk now!
Feeta.pk is the online property portal that can help you find out the best property options available in Pakistan. You don’t only have the option to invest in Islamabad’s real state, but you can also find out the incredible property options that are available all over Pakistan. Suppose you are only focusing on the property for sale in Islamabad. In that case, there are filters available on the application that will provide you with the perfect navigation of the places available for sale in Islamabad.
What do you need to do?
All you need to do is download the application and then look for the sale options in Islamabad. Now what?
Now look for the property that is listed in Islamabad. You can put the filters for better navigation. If you are looking for a property in a particular area, you can filter that area and then find out the property accordingly. You can also put in a filter for the price range. It will help you to find out the right property for sale according to your budget.
With easy and simple navigation of this property portal, you can look for the places and property for sale in Islamabad. You no longer have to worry about the exact location that you might need to look at. This online property portal is that you do not need to visit the location initially physically. You can make up your mind regarding buying the potential property for investment or for renting. And when you have found the best and appropriate option according to your investment or budget, you can go and look at the property. There is a massive picture gallery also available that you can use.
It is easier to find out the property in Islamabad when you look for the property for sale. Now you must be wondering where else can you look for.
If you are not planning to use the online property portal, you can go to the real estate agents in Islamabad and talk to them regarding the options available for sale.
How to find property for sale in Islamabad?
Wednesday, 16 December 2020
Are you planning to move to Islamabad, or do you want to invest in the real state in Islamabad? Are you planning to get in touch with somebody to look for the options regarding Islamabad’s real state? Do you want to know a little more if it is worth investing in property in Islamabad? Well, these are
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What is the best online property portal in Pakistan?
Real estate in Pakistan is a booming industry with many potentials and provides a massive amount of profit in the long term. People are usually intrigued about this long term investment and want to invest their money for long term Returns.
Moreover, the real state of Pakistan is a forever flourishing Industry that will provide you Major benefits if you are consistent and making calculated decisions. You have to be sure about where you are investing your money and if it is trusted or not. One of the most significant areas of uncertainty is that people do not trust the dealer here in Pakistan. And most of the time, these are the dealers who are scamming and running away with the money.
But is there any safe platform regarding buying and selling of real estate in Pakistan? Well, there is absolutely a great platform that you can use. Feeta.pk is a top-notch and smart property portal that is becoming famous among the people in Pakistan. It is the number one platform that offers are you to buy or sell your property. It is becoming famous because of its intelligent navigation system and the features it provides for the people who are willing to invest or sell real estate in Pakistan.
What do they offer?
Feeta.pk is a simple yet smartest property portal in Pakistan. The major highlight of this property portal is that it provides authentic information regarding the real state in Pakistan. Whether you plan to sell or buy a property in Pakistan or you’re a dealer, you will benefit from this portal. It has various property listings combined with authentic information about the seller.
Moreover, it also provides security regarding the information of the seller and the buyer. The navigation of this website is super simple and easy, which is making it more popular among common people in Pakistan. It has become the number one competitor in the real estate Pakistan for providing the best property listings. People are now looking for the areas to live in or shops to buy at home without roaming around and wander from one real estate agent to another.
Advantages of using the online property portal
Once you find an authentic online property portal with a massive amount of listings, there are various benefits that you can get.
You can find the best property in your city and outside your city without the need to visit there initially. You can find out the appropriate property listings in the area where you want to live or invest your money in, and then you can narrow down the options, and finally, you can visit the area to crack the deal at the end.
You can put many filters regarding the areas and the price range and the locality that you are looking at the property in. It becomes a lot easier and simpler for people to stay at home and look at the pictures. However, for that, the image gallery has to be incredibly updated.
What is the best online property portal in Pakistan?
Monday, 14 December 2020
Real estate in Pakistan is a booming industry with many potentials and provides a massive amount of profit in the long term. People are usually intrigued about this long term investment and want to invest their money for long term Returns. Moreover, the real state of Pakistan is a forever flourishing Industry that will
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Bahria Town or DHA Karachi, which one is a better option?
When you talk about the luxury locations with your residential projects, then two significant names come to your mind. One is the Bahria town, and the other one is DHA Karachi. Dha is present in the outskirts of Karachi, and it is known to be the posh location of Karachi. However, Bahria Town is the project by the Bahria group.
Both of these fascinating locations have their pros and cons. You cannot deny that there will be up and downsides, but you cannot forego that both of these locations are the most luxurious and fascinating locations of Karachi. People invest in These areas to have a long term better lifestyle. But when comparing both of these areas, you must understand which of these is the best option. Let’s talk about the sizes and the location.
Sizes & location
Karachi is a big city and offers a lot of Perks and Joy of living in this city. However, every place has diversity, and you will have to understand and scrutinize the process of buying the residential area in Karachi. When you plan to get your house in Bahria Town, you must know that it has a total area of 44000 acres, and it offers up to 58 blocks, which is massive. With that, you will understand that Baria town had an enormous space for living, and you will not feel crowded when you are in the space.
Compared to that, dha Karachi has a total area of 20000 acres and only has 16 sectors. Even though the defense housing authority Karachi is the area that is considered to be more luxurious as compared to Bahria Town. But with time it has been crowded are most people have started living in this area. It is still a top notch area of Karachi with its poets and significant advantages in terms of luxury. It is a fascinating area of Karachi that offers living space for higher and elite classes.
However, when finding out the best residential space to build your house requires a little more effort. You might have to do a little bit more research, and you will have to visit physically as well to both of the places and see which spot is the best one for you. Most people are afraid to live in defense because Defence is far away from the central city area. However, it is still peaceful and safe to stay.
Price variation
The price of both Bahria Town and Defence housing authority varies. However, keeping in mind that the property prices are still rising every day and for the posh areas has been increasing every second. Bahria Town and Defence housing authority both have a significant construction unit, and they are also known because of their great potential for more construction. However, we can say that Bahria town is comparatively more expensive these days because it is a new project and people are more interested in getting their houses in Bahria Town.
In comparison to the Defence housing authority is an ancient project and has been expanding over time. Still, you need to keep in mind that the construction is comparatively slow in the Defence area, and the prices are relatively lesser. But Bahria Town Karachi has more Rapid construction potential and a more excellent price range as well.
What do people think about the Defence housing authority and Bahria Town Karachi?
Bahria Town might be facing a few image issues when it comes to the current situation. People have been taking a back step when it comes to getting a residential property in Bahria Town. And the reason behind that is the court cases and other issues. Rumour has it that Bahria Town might end up closing the project, and that is making most of the people very anxious. People have their life savings invested in these properties, and the new potential customers do not want to get involved in a project that has so many e issues. Therefore, in recent times, there is a decline in property sales in Bahria Town because of the fear of losing money. People are very Peculiar when it comes to residential areas. They do not want to waste the money that they have earned very hard over these lousy projects. No doubt the Bahria town is a posh location and a perfect project to live in, but it is still risky.
The Defence housing authority, on the contrary, is in business for a very long time. There are houses constructed for over decades, and people are living there. There is a concept that the Defence housing authority is a lot better project in terms of investment. One does not have to worry about their investments when getting a plot or a property in Defence housing authority. It is a trustworthy source for which people find it more credible to invest their life long investments. This is why people are more inclined towards the Defence housing authority to get their plots and start living in this posh lifestyle.
Issues
DHA
When we talk about the issue, the first and very important issue is that different authorities do not have the water supply. The people there are all alone, left at the mercy of the tanker Mafia. This is the reason why people do not want to get their property in Defence housing authority. The tanker Mafia can leave you without water for many days, and infrastructure is not good as well. There are a few minor issues that you will face when you are living in the Defence housing authority, except for the more significant problem of water supply. Moreover, there is another issue of this commercial area that it is very close to the sea, which is the reason that most houses were flooded during the recent rain and monsoon season.
Bahria town
However, when we talk about Bahria Town, we can say that it has a better infrastructure, but people have to pay a lot of money to get and be a part of Bahria Town. Moreover, the setback is the court cases that live people with a lot of thoughts and anxious feelings.
All in all, the construction and infrastructure are perfect when we talk about the village and the Bungalows in Bahria town. Moreover, there is one other issue: the massive amount of installment fees and the taxes and other charges when you purchase the property in Bahria Town.
Conclusion
In the end, it is your choice where do you want to live. However, when you are planning to purchase a residential property in Karachi, you must visit both of these places physically to ensure which place is better and which is the best option. You must find a place with all the amenities of life, and you do not have to go a long way to get the necessary amenities and groceries. Also, make sure that you have set your budget before you finally purchase a residential area. Without the budget, you might not be able to figure out which option is the best. When you have a particular budget, it becomes a lot easier for you to determine the best option.
Moreover, if you are not planning to invest a massive amount of money, then the Defence housing authority is still a better option. However, you will always have to face the issues of water supply. But in my opinion, the Defence housing authority is still a credible source where you do not have to worry about the project shutting down.
Bahria Town or DHA Karachi, which one is a better option?
Tuesday, 08 December 2020
When you talk about the luxury locations with your residential projects, then two significant names come to your mind. One is the Bahria town, and the other one is DHA Karachi. Dha is present in the outskirts of Karachi, and it is known to be the posh location of Karachi. However, Bahria Town is the
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Is it worth purchasing a property in DHA?
DHA or Defense Housing Authority is known to be the poshest place in Pakistan. These housing schemes may be advanced, and there will always be something that tries to top DHA’s name, but the luxury that the Pakistani people hear when it comes to hearing DHA can never be topped. No matter how much any developer tries, this housing authority can not be topped.
About DHA
DHA has some of the most expensive plots in Pakistan, and they are always known to remain or double in the amount in a few coming years.
Relating to the housing authority in major cities, they have gone up to 8 phases, and every phase has properties that only increase in what the demand of the plot is. And with the high rise in buying power and the people wanting luxury and comfort, they are willing to pay the price for utmost luxury and eventually go as far as building a house with all their life savings.
But is it worth buying a house in DHA? Is it worth putting everything on the line and more to get a 250-yard house, which you may or may not have the money to build a whole on?
Well, to get in the good grace of the world, be sure you’re doing something which makes you happy; if buying a house in DHA makes you happy, and it does make you feel like you’re living a much better life, then so be it, you should opt to buy a property in DHA.
Advantages
Worth it
There are specific pros to buying a property in DHA; the commercial area is very expensive. Most people are known to rent it out when it comes to easy money on the side, even though such renting deals relies on the type of money the business rakes in.
If you’re considering buying a property to build a business and it requires a large space for operation, I would suggest you opt for something much cheaper. But if you’re trying to invest in property to sell a food business or something that directly involves the customer walking in, then buying a property and investing in it for such a place will always be worth it. DHA will always bring in a much posher crowd, and if you’re a restaurant owner, it will definitely bring in some foodies and maybe even make some loyal customers if you’re serving good food and giving them a good time.
Bring out peace
DHA adds to the ambiance a place wants to present. This community has very clean streets and always has been gifted with wide roads that never really cause many traffic jams, so you’re sure to get to your destination on time every time. The clean streets just bring out peace, and when there are no traffic jams, people tend to be much calmer, and you won’t have to be annoyed all the time because of the loud noises and car honks outside your door.
Long-term investment
Investing in DHA properties is a long-term investment, and you can always turn to properly for money at any given time, and you’ll undoubtedly gain a profit every time. They only increase in the amount which is initially invested, and if you’re renting your property out, you will always have the upper hand in demanding what you want for your property. There are restaurant owners and offices which need spaces and are willing to pay hefty sums of money, even for smaller areas.
Safe
When it comes to security, DHA does present itself as some of the safest places in the country. Armed guards protect them, and there aren’t many people who may feel the need to loot people on the streets for extra cash. If you can afford to live in a place like DHA, you’re probably someone who has a fair amount in your name.
Posh
DHA may seem like a distant place from the main city center, especially considering the higher phases, which go farther away from areas that may not be as equally posh. But since the community has excellent sized roads and they do not have a lot of traffic, it does lead to the residents having constant and quick access at all times. So there are high chances of you having a smooth ride to work and back with much ease.
Disadvantages
But certainly, everything which has its perks is bound to have its downfalls. No place in the country will be safe from things that are bound to happen. Often, since the community has wide roads, many people tend to over speed, and there can be a severe threat to the people around who would rather drive slow and don’t like over-speeding. This type of rash driving from outsiders can potentially cause accidents, and it’s a hassle to get your cat out of your house if you live on the main road or want to purchase a property on the main road.
A lot of money needed
If you’re considering buying a commercial plot, you will need a lot of money to invest in such ideas. You can not only buy a commercial property for a small amount of money. Especially if you’re considering purchasing a plot in places such as Phase 8 or Phase 6, you will need a considerable sum of money to invest; the property’s after-effects are also not cheap.
You will need to pay taxes for almost everything. There is no way you can live cheap in such a community. There are individual taxes that only the residents of Defense have to pay, and the rest of the city may not have to abide by these taxes and can slip free of such burdens very easily.
The city taxes the resident and property owners for security, which can not guarantee a safe environment.
Set rules
DHA has a set of specific rules that the resident is supposed to follow, and the community expects you to follow the rules set out at all times. There are rules which forbid you from doing certain things that may only involve your family, but to go ahead with such procedures, you will need to ask the community office, and if they disapprove of your plans, you will not be allowed to go through with them.
And certain things need permission from the head offices of the community, and there are specific ways in which certain procedures need to be followed, or strict action is taken against the resident or property owner.
Smells awful
There are some things which you just can’t run away from, and in places such as Karachi, where the sea is close to the community, you can in no way run away from the stench which fills the air. In the winter, it’s not only cold, but it smells awful. The sea naturally smells like fish, considering the pollution and the environment in which the ocean is present. When those smells are combined with the strong sea winds, they make a lethal combination where the air flows directly into your homes, and it is constant agony.
No water supply
Water is genuinely essential to any being, but it is a bizarre factor. Still, there are no proper ways of providing DHA residents with an appropriate supply of water. You will always be stuck with the water tanks, and they are not the best options if you live on a budget. This is strictly talking about the Defense Housing Authority, which is in Karachi. The rest of the Defense Housing Authority has a good source of water supply, but even in places such as Lahore, there aren’t many sites that have a constant supply of gas, and DHA is certainly no exception. There was also an instance where the street of DHA we’re flooded due to the gutter system’s mismanagement. Some houses were flooded, and some people had to go through the inconvenience of not being able to come out of their homes due to the massive flooding for collective days at a time.
And buying a property in DHA is certainly not easy either. Many documents need to be signed off and submitted to authorities to ensure your property transfer is done correctly and are no loose ends to tie.
You can certainly go for a high end living such as DHA. It may have its given disadvantages, but you can never think of a more posh and refined place in the living standard than DHA. People from all over the country try and get to a point in life where they can afford to live in the area. This all comes down to how much money you have to afford such a living.
Is it worth purchasing a property in DHA?
Monday, 07 December 2020
DHA or Defense Housing Authority is known to be the poshest place in Pakistan. These housing schemes may be advanced, and there will always be something that tries to top DHA’s name, but the luxury that the Pakistani people hear when it comes to hearing DHA can never be topped. No matter how much any
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Top Areas To Buy Property In Karachi
Karachi is one of the largest cities in Pakistan, and it is also known as the city of lights. It is spread over 3782-kilometres square, and they’re about 19 million people residing in this city. Karachi city is a unique cultural hub with various traditions because of different ethnicities and languages dissolving up together in the City.
Not only this, but Karachi city also has the largest seaports in Pakistan, one is the Port Of Karachi, and the other one is Port Bin Qasim. The city plays a vital role in serving as a primary Industrial and financial center of the country, which brings up the most considerable revenue and significant addition to the country’s GDP.
This city has a lot to offer, including various attractions ranging from beaches of different Sands to different farmhouses and traditional Bazaars. Karachi city also has very top quality coffee shops and cafes with an abundance of flavor and joy.
If you are one of those people who are planning to live in Karachi any soon, then here we have brought you a list of the top areas of Karachi that you can invest in. Below is the list of few top-performing areas of Karachi.
- DHA Defence Housing Authority
- North Nazimabad Karachi
- Bahria Town Karachi
DHA Defence Housing Authority
The Defence Housing Authority is an area of Karachi city located in Clifton Cantonment, and it serves as one of the most Elite and affluent areas in Karachi. It is one of the most rapidly developing and growing housing schemes in Karachi, spread over an area of 20,000 acres.
Defence Housing Authority is divided into 8 phases according to the plan. This housing scheme is planned with the consideration of a modern town planning system. DHA will offer you unlimited amenities, including a systemized transportation network that can help the residents of the Defence housing authority.
This but Defence housing authorities also provide their residents with the large market within the area and number of educational institutions. Moreover, they have planned banks, mosques, and the health care system to provide medical facilities to the residents.
It is one of Karachi’s hottest selling areas because it is connected to one City that is Karachi and is also associated with the Karachi to Hyderabad motorway, which lies only at a distance of 2.1 kilometers from the main entrance of the Defence housing authority. DHA housing scheme is located only 25 minutes from the Jinnah International Airport that you can reach via Shahrah-e-Faisal.
There are a variety of plots offered by the Defence Housing Authority. They are offering both commercial and residential kinds of apartments and houses. However, before purchasing any plot or home, you must know the price range of the property.
- If you’re planning to purchase a 100 to 120 square yards plot, then the prices can vary between 25 million to 35 Million Pkr.
- However, if you are planning to buy a 200 to 250 square yards plot, then the price can vary between 42 million to 47 million Pkr
- If you’re going for a 500 square yard plot, then the price range is between 45 million to 100 Million Pkr.
These were the price ranges of unconstructed clots. However, if you plan to purchase constructed houses in the defence housing authority, we have listed the price range for different square yards below.
- A 250 square yard constructed house has a price range between 65 million to 75 million PKR.
- However, the price of a 500 square yard constructed house is between the range of 80 million to 13 million PKR.
- If you purchase an apartment in DHA of 900 square feet, then the prices can vary between 7.5 million to 15 Million PKR.
However, you must confirm these prices as there can be varying depending upon the location and different sizes of the plot or houses.
North Nazimbad Karachi
North Nazimabad is an area of Karachi that represents it to the fullest. It is as diverse as Karachi city itself. North Nazimabad town offers a wide range of housing societies with a variety of apartments and constructed houses. According to the current structure in the city, it is divided into 20 different blocks. Block A to block U, North Nazimabad, covers a large area of Karachi.
It is one of the most family-friendly localities and has been offering different renowned Educational Institutes. There are various schools, colleges, and Universities that lie in North Nazimabad town and multiple complexes and Parks. Not only this, but there are a variety of eateries and shopping centers that are available in this area.
It is one of the most well-constructed areas because of its planned Road network. There are various transport services in the North Nazimabad area, and it houses one of the most famous Karachi markets, including Hyderi supermarket located in Block A. Not only this but in block H, there is Hyderi’s primary market located.
The area is very diverse in religious aspects as well. It houses a few temples and churches that are located near Saint Jude’s Catholic Church. Saint Jude’s Catholic Church is located in D’Silva town. There’s another church, and that is Philadelphia Pentecostal Church located in block Gulberg. It houses churches and has a nearby temple, Baba Humayu Ramdev temple in Gulshan-e-Waseem buffer zone, which is an area just a kilometer away from North Nazimabad town.
If you plan to purchase an avenue in North Nazimabad Town, this area has a lot to offer at very affordable and friendly prices. The prices in North Nazimabad make this area one of the hottest selling in Karachi city. If you plan to purchase any plot in this area, you must know the price Ranges.
- If you’re planning to purchase 50 square yards for a 120 square yard plot in North Nazimabad, it can have a price range from 1.7 million to 7.5 million PKR.
- However, if you try to purchase a 200 square yard plot, then the prices can vary between 3.8 million to 350 million PKR.
- Plots that are sized between 400 square yards-1500 square yards in North Nazimabad town and have a price range between 25 million to 150 million PKR.
However, if you are interested in purchasing a constructed house in North Nazimabad town, the price can vary according to different sizes.
- The price of a 250 square yard constructed house can vary between 65 million to 75 million PKR.
- 500 square yard constructed house can cost between 80 million to 1:30 million PKR
- If you are looking for an apartment that measures around 900 square feet to 1080 square feet, then the cost can range between 7.5 million to 15 million PKR.
- If you’re looking for an apartment-sized between 2100 square feet to 250 square feet, then the price may vary between 25 million to 60 million PKR.
- Apartments that are size between 3200 square feet to 5000 square feet can have a price range between 70 million to 140 million PKR.
- However, if you’re planning to purchase a commercial plot in North Nazmabad town, sized between 100 to 200 square yards, the price range may vary between 10 Million to 15 Million PKR.
Apart from all these plot prices, the most expensive commercial plots range between 500 square yards 1000 square yards. A commercial property between this range may cost you 30 million to 1 billion PKR. However, these prices may vary according to the different sizes and location of the plot.
Bahria Town Karachi
Bahria Town Karachi is one of the most famous names when it comes to investment property in Karachi. This area is made very secure with a proper community-style build upon an area of 46000 actors. It is a kind of residential area that can offer quality living to the residents. Bahria Town Karachi is located at a 9 km distance from the superhighway Karachi. The distance of Bahria town Karachi from Jinnah International Airport is half an hour.
This locality is made with a very highly systemized plan; this housing scheme has been very successful in attracting most of the local Pakistanis and Overseas Pakistanis. Bahria town Karachi has Bahria Homes, Bahria Apartments, Bahria Sports City, and Bahria farmhouses to offer to their customers. Not only this, but they have also made Bahria Icon Tower, Bahria height, and Jinnah Avenue commercial.
If you’re planning to purchase any plot or house any Soon in Bahria Town Karachi, you must know the prices of different sized properties in Bahria Town Karachi.
- If you’re looking for a plot sized 125 square yards, then the price range can vary between 1.7 million to 5 million PKR.
- However, if you are looking for a plot sized 250 square yards, then the price range can be between 2.8 million to 15 Million PKR.
- The sized plots to 500 square yards can cost you around 4.8 million to 18 million PKR.
Some people also look for constructed houses in Bahria town Karachi, and the price of 150 square yards to 200 square yard houses range between 8.5 million to 15.2 million PKR. However, if you want 350 square yards, then the prices may vary between 13.5 million to 18 million PKR.
- Different sized Apartments available in Bahria town Karachi and apartment sizes ranging between 900 to 1080 square feet have a price ranging between 4.5 million to 7.8 million PKR.
- However, if you’re looking for an Apartment sized between 1200 to 2000 square feet, then the cost of these may vary between 8.5 million to 16.5 million PKR.
- Some people also look for commercial projects in Bahria town Karachi, and the price of a 100 to 200 square yards commercial plot varies between 10.2 million to 35 million PKR.
- However, if you’re looking for a commercial plot with a size between 500 square yards to 1000 square yards, the price may vary between 250 million to 350 million PKR.
The prices of these plots and apartments may vary according to their location and sizes.
Final Verdict
Karachi is a city worth living in, and if you manage to purchase a plot or house in any of the above areas, you can be having a very resident friendly and feasible life in these areas. All of the above three sites mentioned in this blog offer unique features to the customer and are a few of the hottest selling areas of Karachi.
Top Areas To Buy Property In Karachi
Friday, 04 December 2020
Karachi is one of the largest cities in Pakistan, and it is also known as the city of lights. It is spread over 3782-kilometres square, and they’re about 19 million people residing in this city. Karachi city is a unique cultural hub with various traditions because of different ethnicities and languages dissolving up together in
Different Types of Heavy Equipment Used for Construction in Pakistan Area
The construction industry in Pakistan is quite vast. Although Pakistan’s economy is downhill, the construction industry still contributes significantly to the GDP. As per the estimations, the sector contributes 40-60% in gross fixed capital formation. Since the start of the China-Pakistan Economic Corridor (CPEC), this industry has given a boost that was so ever necessary. There are now more investments and projects in the main cities but small cities like Gujranwala, Faisalabad, etc. Not to mention how Gwadar is in the process of being transformed into a completely new city now.
Construction at big scales such as these requires heavy-duty equipment. Only heavy-duty equipment along with their small counterparts can build whole new cities and societies. Here, below are mentioned some of the most influential heavy equipment currently used in the construction area of Pakistan. It is exciting and equally important to know what goes in there to make your country beautiful (or disastrous?)
Boom Lift
It is found in both small and big constructions. This helps the workers reach places where they can’t reach on their own. The machine has a platform where one to two people can easily fit. That platform is lifted from the ground to reach a height. To make this machine portable, it has wheels or a continuous band or treads. The platform can be raised by a hydraulic system installed in it. A boom lift has two further types of lift, a Telescopic boom lift and an Articulated boom lift. The telescopic boom lift is needed when more horizontal reach is to be attained. While articulated boom lift is more complex and extends plus bends more than telescopic boom lift. Articulate can reach parts and heights which telescopic cannot.
Forklift
Here is another member of the lifter family. A forklift is seen on construction sites, and wherever small or medium range lifting is required. It is a pretty common sight in warehouses and other storages. This is because it is very easy to use and is relatively smooth than other lifts. The forklift can move both ways, vertically and horizontally. An operator can operate it through a dashboard and steering wheel. On construction sites, it is used for loading and unloading heavy items like cement and grit sacs. Forklifts also have certain types that are specified for different uses. For example, some can reach incredibly high heights, while others are limited to a small height.
Telehandlers
This is quite similar yet different from a forklift. The machine has the exact function of a forklift, but you will find it only on massive construction sites. The telehandlers can reach a very high height, which is not the feature of a forklift. Telehandlers has an arm which can extend to reach different height. The most different feature of a forklift is, it has big tires. These big tires can easily take the machine to off-road locations too. Operating a telehandler is not tricky. It has steering and dashboard through which one can drive as well as operate the arm.
Bulldozer
Bulldozers are a must NEED for any construction site. It is not possible to carry out a big scale construction or even small-scale destruction without a bulldozer. They have several uses depending upon where and how they are used. It has a metal plate at the front on its arm. This metal plate is curved to carry out the work. The plate is quite strong and durable. This is why it can be easily used to push, condense, or even carry the soil or any loose substance but considerable quantity substance on site. It is also used to break walls or significant reliable parts on the site. Bulldozer is also used to separate compact materials.
Skid Steer Loader
It is a small vehicle but is used to do big tasks. The machine is engine-powered and has a cabin in between from where the operator operates the machine. At the front, there is an arm available on which multiple tools can be attached. It can be said that skid steer loader is multipurpose heavy construction equipment. It’s small so that it can fit places where bigger machinery is impossible to reach. Despite being small, the tires are prominent for off-road use. The plus point of this machine is differential steering. There is no difficult task for a skid steer loader to get onto unusual sites and be stable.
Excavator
Excavator is one of the giant machineries that you might have seen on construction sites. These are found mainly at the start of any construction. The machine has two purposes, to crush and to dig. These are the two foremost tasks to begin any construction. It has a big broom at the front. The broom is controlled through a hydraulic system. At the end of the broom, the arm has a metal shovel. The shovel has sharp prongs at the end for efficient digging. An operator at the cabin controls the arm and shovel. The cabin is over the continuous metal treads. The cabin can also rotate for the operator to have a better view and, most importantly, the arm to reach all sides.
Articulated Hauler
Now can any construction work be carried out without loading and off-loading of loose materials like sand? Of course not. This is where the articulated hauler comes in. It is very much like a normal truck and operated as such. The only thing different here is the pivot joint. Because of this joint, the truck can carry hefty loads even on sharp turns. It makes it suitable for most of the construction sites. The back of the truck has a material pail. In this pail, any material, usually the loose one, is transported. They work as a four-wheeler drive so that reaching different areas is easy and not complicated.
Carry Deck Crane
This, as the name suggests, is a crane. But it isn’t the giant-sized crane. Carry deck is a small mobile crane. This makes the crane easy to transport and fits spaces usually not reachable. It can be used in both small and large-scale construction works. On the platform over wheels, there’s a cabin for the operator. There’s another platform over which the crane is attached. This platform can move 360-degrees. The crane is a four-wheeler. It can reach the right height but not like those big cranes. Usually, it is also used to lift heavy materials, even on a site where there’s no construction.
Concrete Mixture
Like bulldozers, you must have scene concrete mixture trucks on construction sites too. They can even be seen in traffics where the there round ball is rotating with the cement inside. For small constructions, concrete is mixed with a small portable machine, but it is not feasible when something big to build from scratch. For this, either the concrete mixture trucks are used or towers depending upon the requirement of construction. A truck is considered to be very easy to use. Dry materials and water are added to the drum on the truck, and the material is mixed during transportation to the construction site. There is a spiral blade inside the drum which rotates and mixes the material.
Tower Cranes
This is the crane that is used for significant construction sites. It can usually be found in building constructions. Since constructions like building construction can take months or years, the tower crane is just placed in one construction site. Tower cranes can reach extreme heights. The height of the tower crane can and should extend the building or construction being done. Other than that, the tower crane is also a standard tool in marines. There it is used for the unloading and loading of boating goods. It has a tall vertical structure with a horizontal boom. The boom can rotate a full 360 degrees.
Pile Driving Equipment
This is a device or tool used in construction to provide strength and support or strength to buildings. The machine drives piles into the soil to add stability. It has a vertical drive with a weight between the drive to slide. The pile is placed where needed, and weight is made to reach the height point as per the machine. Weight is lifted with the help of different systems such as diesel, hydraulic, or steam. Once the weight reaches its height, it is dropped on the pile, settling in the ground.
Scissor Lift
The last heavy equipment is a part of the lift family. This is comparatively a small lift used for the workers and equipment both. It extends in a vertical direction. The scissor lift is used in a place of a ladder. It can complete the work more efficiently, safely, and timely than a ladder.
Conclusion
The mentioned heavy equipment is one can find on any construction site in Pakistan. Not all of these need to be seen together, but there sure will be some of them. To complete a construction here in Pakistan without any one of these is almost impossible. This heavy equipment is the reason we have building taller than we could imagine once.
Different Types of Heavy Equipment Used for Construction in Pakistan Area
Thursday, 03 December 2020
The construction industry in Pakistan is quite vast. Although Pakistan’s economy is downhill, the construction industry still contributes significantly to the GDP. As per the estimations, the sector contributes 40-60% in gross fixed capital formation. Since the start of the China-Pakistan Economic Corridor (CPEC), this industry has given a boost that was so ever necessary.
- Published in All, Construction, News, Tips & Advice, Trends
Guide to Bacha Khan International Airport
Bacha Khan International Airport (BKIAP) was once called as Peshawar Airport. Let’s talk about history! It is known as the international travel hub and is considered as the fourth busiest airport in Pakistan. Location is way simpler and just about a 10-minute drive from central Peshawar. It was renamed to a Nationalist Political Leader, Bacha Khan. It has become the easiest yet convenient for the people of Peshawar as you can plan any trip domestically or Internationally. The staff there won’t let you wait more because it provides the best service and uncountable flights.
Now there’s one thing you cannot just ignore is that the Airport itself is expanded and has recently being evaluated having the highest percentage of internationally bounded flights. Now stay with us to have a proper guide to Bacha Khan International Airport so that it can provide ease for you and you can get to know more about it.
Basic Opportunities for Passengers
There are several opportunities being provided by the Airport to the passengers you might want to know.
- Peshawar Airport provides really reliable walkways for both Cargo flights and Passengers.
- There’s perfect parking for bigger aircraft and for narrow-bodied aircraft as well.
- A huge runway for about 9,000 feet long and 150 feet wide.
- It is further connected to Civil Aviation Organization.
Peshawar International Administration
The basic responsibility of their management is to look over both types of flights; Domestic and International as well. It was first inaugurated by the Civil Aviation Authority (CAA). Subsequent responsibilities are:
- All sorts of activities concerning airline and its operation are being improved and controlled by this department.
- In terms of air-trafficking, better construction of infrastructure must be provided by them.
- Lastly, they are professionals in providing affordable prices for air transport.
Probable Connections of Peshawar Airport
The link starts from the neighborhoods, basically from DHA and Hayatabad. Now it connects major cities like Peshawar Ring Road as well as Grand Trunk Road. Furthermore, it is linked with the regions of Northern Bypass, Charsadda, and Dora Road respectively.
Let’s make headway to have further know-how about the typical area that are connected through BKIAP.
- Gulberg
- University Town
- Riaz Shaheed Colony
- Hassan Ghari
Not just these areas but also the nearby residential areas are included.
What is the Best Possible way to Reach the Airport?
This Airport is situated in Hayatabad, moreover, the major benefit you can possibly get is the nearby connections which means that it has become easier from any core of the city. Now with all these benefits you are provided with the shuttle service given by Daewoo or solely use public transportation to reach through. As the city is entirely amazing so there’s no way near difficulty is possible.
Important Facilities Provided by BKIAP
Apparently, the services are provided by the Airport staff and faculty has its importance. You can get almost every service instantly if needed. Following are some basic ones and you must be aware to have a perfect know-how:
- All kinds of services related to Medical and Emergency
- Proper protocol
- Senior citizens are more prone to get special care
- Porter’s services are also included.
- Proper and reliable service is available for baggage and trolleys
- Mart is available for food and other services
- Prayer rooms for Muslims
- Restrooms with fastest internet service
- Shuttle Services provided either way
Functional Airlines
There are plenty of functional airlines set off through Peshawar Airport that must be known including International and Domestic as well. Subsequent are the main ones:
Air blue, Gulf Air, Qatar Airways, Emirates, Pakistan International Airlines, Saudi Arabian Airlines, Shaheen Airline, Etihad Airways, Air Indus, and Air Arabia.
Conclusion:
Here we conclude with everything related to your knowledge so that you can get a proper idea if you ever get to visit Bacha Khan International Airport Pakistan. You only must go through the details and the facilities it is providing for better passenger service. Even though it has become more convenient for the people of Peshawar mainly as it is considered as the fourth busiest airport across Pakistan. For further queries and details, don’t hesitate to reach out to our website, and also you can directly contact us to know more.
Guide to Bacha Khan International Airport
Friday, 28 August 2020
Bacha Khan International Airport (BKIAP) was once called as Peshawar Airport. Let’s talk about history! It is known as the international travel hub and is considered as the fourth busiest airport in Pakistan. Location is way simpler and just about a 10-minute drive from central Peshawar. It was renamed to a Nationalist Political Leader, Bacha
- Published in All, Area Guides, Construction, Featured, News, Tips & Advice, Trends
Famous Phases for Buying Property in DHA, Karachi
DHA Karachi is popular among other areas of this city, why? Because it consists of the best and vigorous infrastructure. DHA has always been a center of attention to the purchasers or investors, where all sorts of facilities are available. Consequently, this entire area serves more to large-scale investors, now you must be thinking why right? Oh well, it’s because you are more likely to get a spacious apartment, houses, as well as lands. Furthermore, high-end community, security, clean roads, and even tiny needs right under this community. Defense Housing Authority offers phenomenal yet lucrative residential plots. Why are you here? To buy or invest in residential plots or solely to read the blog? Nevertheless, we entertain both of the readers. In terms of getting further information about how and what to do so then you’re in the right place. Now, without further procrastination, we are supposed to get into our main objective.
Let’s dive in with us to get it started!
Why DHA?
If you are a karachite then there’s a huge possibility of knowing that this particular community is divided into 8 phases. Each phase requires uniqueness in terms of its creative infrastructure. Moreover, supplies a composed lifestyle to its residents. If you are really interested in investing or buying then DHA is perfect to be opted for!
According to posh residential plots, 4 out of 8 phases will be discussed in this blog such that 5, 6, 7, and 8 respectively.
Current Prices for Buying an Apartment
It is mandatory to have casual know-how of existing prices for a property you might want to buy. Therefore, the important things come first! So as the discussion. These prices are not fixed as the real estate market remains at a seesaw. But we are going to discuss the current circumstances.
Single Bedroom Apartment
In DHA, a single bedroom consisting apartment always lie under high prices. Therefore, PKR 1.8 crore is the average or mean price if you opt for this purpose.
2-Bedroom Apartment
You can solely get an apartment consisting of 2 bedrooms in PKR 1 crore, which means less costly than a single bedroom flat.
3-Bedroom Apartment
Apparently, an apartment having 3 bedrooms is more prone to be costly than the two we’ve discussed earlier. So, the current price for buying this Apartment is PKR 2.3 Crore.
Prices for Investing or Buying 120, 250, 500, and 1000 sq yd Plots and Houses
As investing and buying are entirely two different things so as prices. Hence, better know the difference in prices for a better experience. We are going to manifest the prices for both accordingly.
120-130 sq yd
- The average price for investing in a 120-130 sq yd plot ranges from PKR 2.5 Crore.
- If you want to purchase a house of 120-130 sq yd then you must be aware of the average price, which is PKR 4.2 Crore.
240-250 sq yd
- An average investing price for 240-250 sq yd plot is PKR 5.1 Crore. Without uncertainty, the best option for mid-scale investors.
- But if you opt for purchasing the same sq yd House then the price would be less than that. The mean price for that specific house is 4.8 crore.
490-500 sq yd
- An average price for Investment and purposes in a 490-500 sq ft plot revolves around PKR 5.9 crore. Large-scale investors probably choose this option.
- But when you opt for buying the house at the same sq yd then the average price is around PKR 10. 5 crore.
990-1000 sq yd
- Well, these plots are huge so as the prices if you want to invest anyway. The mean price for 990-1000 sq yd is PKR 10.7 crore.
- Though houses are exceptionally expensive in terms of spacious property, hence, the average price is more likely to revolve around PKR 17.6 crore.
Prices According to Distinct Phases of DHA
The specific phases will be discussed such that 5, 6, 7, 7 extension, and 8 accordingly. Meanwhile, the properties pertaining to the extent of the most reliable developments under these respective phases.
DHA Phase V
In Defence Housing Authority, phase V comes under very well-developed areas. Moreover, certain locations lie under this intellectually designed infrastructure such as Clifton, Gizri, and Clifton Beach as well. Despite these specific locations, this phase also has a very famous Zamzama, Khayaban-e-Bahria, boulevard, Khayaban-e-shujaat, etc. The total area of DHA Karachi is expanded over 8,796 acres. You can come by both commercial and residential plots. Moreover, you’ll be provided with all the required necessities here.
Average Prices of Plots, Houses, and Apartments in DHA Phase 5
Here we move ahead to know the prices for Investing and Purchasing purposes like what type of properties we should be buying or investing in.
Single Bedroom Apartment
The average or mean price for a single bedroom apartment in DHA Phase V is PKR 45 lakh.
2-Bedroom Apartment
You can easily find a 2-bedroom apartment in Khayaban-e-Bahria in PKR 84 Lakh. Convenience is what it offers for the residents.
3-Bedroom Apartment
Tauheed and Badar commercials are offering 3-Bedroom apartment in this phase for PKR 1.8 crore along with the nearby necessities you need in daily life.
240-250 sq yd Houses
In Phase V, you can buy a 240-250 sq yd house at a price of around PKR 5.2 crore.
490-500 sq yd Plots and Houses
As the location of these plots is situated in the center of phase 5 where the famous roads are connected, so the average price for 490-500 sq yd plots is PKR 7.3 crore.
Meanwhile, a house of the same sq yd requires an average price of PKR 10 crore.
990-1000 sq yd Plots and Houses
Minimally the asking price of 990-1000 sq yd starts from PKR 13.4 crore. The demand is quite high as phase 5 is well-developed among DHA.
While the price for a house of the same sq yd is around PKR 14.8-15 crore. You can easily invest or buy because missing such sort of opportunities wouldn’t work in one’s favor hereafter.
DHA Phase 6
This phase is one of the established among other phases. Not only you get benefitted residentially but high alert security as well. Retired armed officers and those who are serving right now are also the residents here. As all the eight phases of DHA Karachi have been spread over 8,796 acres of the entire land.
Along with a provision of basic requirements to the lavishing lifestyle, DHA Phase VI is all set to provide you with a single amenity. Now, what’s more for a purchaser or buyer? Well, there are plenty of residential as well as commercial pilots that are on sale.
Average Prices of Plots, Houses, and Apartments in DHA Phase 6
So probably, you might want to know about the prices, right? So here you go!
Single Bedroom Apartment
You can get a single bedroom apartment in Phase 6 for an average price of PKR 64-70 lakh. This
2-Bedroom Apartment
If you want a small space for your family then 2-Bedroom Apartment is going to work here. So, you can get it at a price of around PKR 1 Crore in Phase 6.
3-Bedroom Apartment
You might be perfectly aware of the fact that DHA housing is different from others and provide a big space with big rooms. Therefore, if you opt for buying a 3-bedroom Apartment in this phase then you would get it at an average price of PKR 1.6 Crore.
240-250 sq yd Plots and Houses
For buying or investing purposes you may have plots and houses herein. Plots are not available in Phase 6 but houses are. Meanwhile, the mean price for 240-250 sq yd house hovers around PKR 5.1 Crore.
490-500 sq yd Plots and Houses
Plots are worth PKR 7.4 Crore but the price for buying a house worth more than PKR 10 Crore. Better clear the difference between these two so it won’t cost you much.
990-1000 sq yd Plots and Houses
The required area is huge so as the price. Are you seeking a big plot or house? Then DHA Phase 6 is where you would probably get 990-1000 sq yd Plots and Houses.
The mean price for buying a plot revolves around PKR 13.4 Crore. While the house for the same sq yd requires PKR 20 Crore.
DHA Phase 7
Phase VII is one of those phases that provides a unique and modern lifestyle in an old locality even if you buy or invest in plots or houses. Totally depending upon how to get to avail certain opportunities. As this phase is the oldest localities among this area so it directly connects the main Korangi Road which further interconnects other phases of DHA.
Average Prices of Plots, Houses, and Apartments in DHA Phase 7
Let’s make headway to have a proper know-how of prices in this phase:
2-Bedroom Apartment
Due to its premium lifestyle, DHA Phase 7 provides a 2-Bedroom Apartment at an average price of PKR 1 Crore.
120-130 sq yd Plots and Houses
You can probably find more than expectations when it comes to this phase. Depending upon buying or investing purposes, get 120-130 sq yd Plots whose price revolves around PKR 2.2 crore.
Whereas, in terms of purchasing the house of the same sq yd would probably come under a price of around PKR 3.9 Crore.
490-500 sq yd Houses
As you are perfectly aware of the fact that houses of 490-500 require high demand. Therefore, DHA Phase 7 provides you the real meaning of life and offers the best houses in the same square yards. Therefore, you can expect an average price of PKR 9.9 Crore.
DHA Phase 7 Extension
The wide road network is what DHA Phase 7 Extension is famous for that solely provides easy access for the people living in this community. It is further connected with areas such as Sharah-e-Faisal, Clifton, Jinnah Airport, and Korangi. Moreover, all daily necessary amenities are available for residents here.
Average Prices of Plots, Houses, and Apartments in DHA Phase 7 Extension
Manifesting the mean or average prices in this phase that you might want to consider.
120-130 sq yd Plots and Houses
DHA Phase 7 Extension offers only 12-130 sq yd Plots and Houses. You’ll be paying PKR 2.5 Crore if your option is to buy a plot.
However, the mean price for the same sq yd house starts from PKR 4.1 Crore.
DHA Phase 8
Do you want to know which phase is the newest yet famous in DHA? Oh well! It’s the one we are about to discuss right away. So, phase 8 is considered as one of the popular phrases in Defence that includes all sorts of amenities. Its prime location says a lot about this area, furthermore, you are more likely to entertain yourself as there are plenty of trendy restaurants in Phase 8. Mandatory facilities consist of top-notch schools, hospitals, parks, and Shopping malls, etc.
Average Prices of Plots, Houses, and Apartments in DHA Phase 8
Let’s move ahead to know what exactly it offers to purchasers and investors.
Single Bedroom Apartment
A single bedroom flat costs more when it comes to phase 8 because of premium lifestyle and popularity. Consequently, you can purchase it at a mean price of PKR 2.8 Crore.
3-Bedroom Apartment
Whenever you opt for 3-Bedroom Apartment In Phase 8, you would probably buy it at an average price of PKR 5.2 Crore. High prices are only due to the newest yet lavishing lifestyle.
120-130 sq yd Plots and Houses
In a world of real estate, DHA Phase 8 has more to deliver to its citizens. Whether investing or purchasing, you can be provided by a heap of benefits. Let’s move to the point!
If you anywise want to buy a plot, then the fair price would stand in between PKR 2-3 Crore.
On the contrary, the price for a 120-130 sq yd house would be PKR 4.7 Crore.
490-500 sq yd Plots
You can effortlessly find a way better plot of 490-500 sq yd in just PKR 5.5 Crore. Counting on how much one could probably be able to invest or buy.
990-1000 sq yd Plots and Houses
Already worried to purchase a big house for your family solely based on modernization? Consider yourself in the right place. DHA phase 8 always offers out of the box. If you want to buy a plot then there’s a high possibility to save money. However, you can purchase a 990-1000 sq yd plot for an average price of PKR 9.7 Crore.
Nevertheless, buying a house of the same sq yd requires PKR 21.3 Crore. Well, that is huge but for a huge family, it’s a perfect option that doesn’t exist.
Conclusion:
If you have enough knowledge about the real estate market then it wouldn’t be an issue for you to choose what’s best. But at the same time, if you are not aware of the prices in terms of increase and decrease in the market then this blog will be helpful in all costs. We wrap it up while mentioning the prices in accordance with category, therefore, you can easily get to opt for the best under required circumstances. Moreover, DHA is one of those areas in the world of real estate that comes at the top whenever we talk about perfect lifestyle under high-security with high-end community. Meanwhile, all those above discussions phases would help you choose your category. Go through this blog and do not wait for the right time to come because now is the time. For further queries and details, survey our website or just contact us right away!
Famous Phases for Buying Property in DHA, Karachi
Thursday, 06 August 2020
DHA Karachi is popular among other areas of this city, why? Because it consists of the best and vigorous infrastructure. DHA has always been a center of attention to the purchasers or investors, where all sorts of facilities are available. Consequently, this entire area serves more to large-scale investors, now you must be thinking why
- Published in News, Tips & Advice, Trends
Top Rated Areas where Residential Plots are for Sale in Karachi
Isn’t it safe to invest money somewhere for a proper saving purpose? But, we know that people ask for more, more what? Yes, you got it right! BIG PROFITS IN RETURN. Although, investing in the real estate market is considered as the best option doesn’t exist, why? Because some people opt for investing in businesses, those might turn out to be disadvantageous as there’s no such surety to get profits as an outcome, not even the amount you spent. Therefore, despite the uncountable pros of real estate, one biggest benefit is that you can sell it whenever you require a huge amount of money.
Nevertheless, this market has reached its peak since now and the demand is increased to the extent. However, we intend to provide you some best areas across Karachi where you don’t need to think twice, YES! Not even twice so let’s make headway to know the process and prices, everything in just this blog.
Why Karachi?
Karachi is the biggest city of Pakistan and is called the ‘city of lights’ for decades. Being an economical center of the country, it runs businesses worldwide. Not to brag about, but the real estate market in this city has its importance across Pakistan wholly. There are plenty of houses, apartments, plots (residential or commercial), etc are highly available and on sale. So get yours at reasonable prices as these particular areas offer both middle and high-scale investors.
Famous Areas for Investment in Karachi
The following are Considerable areas where you are supposed to be investing; starting from the low-high demanding areas in the hierarchy of top-rated areas.
- DHA City Karachi
- DHA Karachi
- Gadap Town
- Scheme 33
- Bahria Town Karachi
DHA City Karachi
DHA City Karachi is one of the unique residential projects that are not only well developed but also has beautiful infrastructure. It manifests the vision of better tomorrow with proper necessities including education, health hospitals, family-friendly environment, and much more. Despite everything, you can get to live a peaceful, comfortable, and secure life.
DHA City Karachi is situated in National Highway between Karachi and Hyderabad. It has spread over a vast land of 20,000 acres. Moreover, there’s been plenty of residential plots that are on sale and the best thing about this area is that it offers both kinds of investors.
If we check the searched history of this area then we come to know that the total ratio is 5.1% of buying residential plots here. The area of authority of DHA City is manifested in the mega plan of investing and purposes. The extracted data include plots in different categories such as square yards ranging from 125, 500, and 1000 as well.
Prices range in DHA City Karachi
Consider this area demanding as the real estate market has its name in the list where you are more likely to invest in residential plots under your requirements. In DHA City, the required prices for a 125 sq yard plot starts from 3 million PKR to 5 million PKR. If you opt for buying a plot of 500 sq yd then the prices start from 6 million PKR to 10.7 million PKR. Lastly, the investors of large scale are more prone to buy plots of 1000 sq yd whose prices start from 9 Million PKR to 20 Million PKR. Buy any of these plots according to your range.
DHA Karachi
Defence Karachi is one of the secured options as this is divided into eight phases and under maximum security. According to the searched record, total buying properties were in the ratio of 7.8%, hence comes forth in the given hierarchy. Large-scale investors would be benefitted as larger investments are directly proportional to larger gains. Therefore, high demanding in terms of area, location, and maximized security.
Meanwhile, DHA Karachi offers three usual plot sizes likewise, 120, 500, and 1000 sq yd respectively. Hundreds of options including all eight phases where residential plots are on sale. Let’s move ahead to get the idea of minimum to maximum costs of these considerable plots.
Price Range in DHA Karachi
Looking for an astounding residential plot as per demand? Then, DHA Karachi is the right place. Opting for 120 sq yd plot would cost around 2 Crore PKR to 4 Crore PKR. The required range for 500 sq yd starts from 3 crores PKR to 10 crores PKR. Now for large-scale investors, there are plots for 1000 sq yd which are ranging from 18.5 crores PKR. So, DHA is wholly for large scale investors as plots there are highly expensive.
Gadap Town
Gadap Town is situated between the border of Balochistan and Sindh. There are plenty of residential plots are there for sale. Moreover, there is a record of a total search ratio of 14.4% since 2019. It means that the residential plots have been bought concerning this ratio. Gadap Town comes fourth in the hierarchy of top-rated areas in Karachi. It is considered as one of the largest towns in the city having a vast land.
Consequently, it provides exceptional opportunities for both mid-scale and large-scale investors. The residential plot size ranges from 120, 240, and 500 sq yd. Now you know in which category you should be investing in. Let’s dive in to know how much these plots cost.
Prices Range in Gadap Town
As it comes to fourth in hierarchy therefore, the demand is high in proportionality. In Gadap Town, the prices for the above-categorized plots sizes are different from one another. Let’s start with the lowest one, such that 120 sq yd ranging from 3 Lakh PKR to 1.25 Crore PKR. Subsequently, the required price for 240 sq yd plot starts from 8 Lakh PKR to 1.6 crores PKR, solely depending upon the location. Now comes a bigger property investment, you got it right! Initiates from 50 Lakh PKR to 3.15 Crore PKR. These kinds of investments are usually for large-scale investors, so get yours within, and you wouldn’t want to miss out on this perfect opportunity.
Scheme 33
Scheme 33 is considered as one of the largest networks of properties in Karachi. It takes third place among the given hierarchy therefore the total search record is high and of 17.6% of total ratio that directs to the maximum investing in residential plots over the past years. You can find plenty of plots in distinct housing societies of this area namely; Meerut Society, lawyers colony, and Gulshan-e-Azeem.
However, there are different prices for each category along with mid and high-scale investments. Considering residential plots for entirely three unfamiliar sizes like 120,240, and 600 sq yard. Therefore, you are supposed to invest in these plots for maximum gains and due to its popularity too.
Price Range in Scheme 33
The required prices are reasonable because of how vast this area is for Investment. Grab yours before its too late! Let’s make headway to know the range of these considerable plots. The price of 120 sq yd is ranging from 5.5 Lakh PKR to 1.8 crores PKR, depending upon the location as we’ve already discussed. Although different societies of this area are still under construction requiring approx 10-20 Lakh, nevertheless, Scheme like Saadi Town requires properties over a crore, and making it enough worth investing. However, the ranging prices of 240 sq yd start from 20 Lakh to 3 Crore. Last but not least, the plots of 600 sq yd starts from crores. As scheme 33 is high in demand so prices can slightly be expensive.
Bahria Town Karachi
Bahria Town comes at the top of the hierarchy, why? As there is a total searched ratio of 21.9%. Why Bahria? Because it provides the lavishing lifestyle in Karachi and has a separate society along with each necessity. However, the market of real estate has increased since then, moreover, it is situated in a vast area under high-security. As it has famous among all the given areas of Karachi so there are maximum chances of maximum investment. Though Bahria is still under construction, residential plots are for sale so avail the opportunity and get yourself one!
Despite the current situation, its place is still there. Therefore, do not refrain from investing in this area. The required sizes of plots in sq yd start from 125, 250, to 500. You might want to know the actual prices so that it can become easier for you to decide likewise.
Price Range in Bahria Town Karachi
You can get a 125 sq yd residential plot at reasonable prices, ranging from 11 Lakh PKR to 1 Crore in Bahria Town. Consequently, the cost of 250 sq yd plot solely depending upon the location and area starts from 14 Lakh PKR to 1.8 Crore PKR. These above plots are for both middles as well as large-scale investors. But lastly, a 500 sq yd plot is basically for large-scale investors, so the starting price is 25 Lakh PKR till 2.95 Crore PKR. Just do not let this option go if you are interested in investing. Meanwhile, Bahria Town needs no introduction.
Here, we wrap it up! Already you’ve been given 5 different yet most popular areas of Karachi. Just go through this blog completely and the prices, of course, to get yourself one done alongwith reasonable prices. This hierarchy can help you throughout your planning and stuff. We’ve manifested all five of them properly to clear every doubt of yours. We are here to help you always so for further queries and detail, do not hesitate to contact us!
Top Rated Areas where Residential Plots are for Sale in Karachi
Thursday, 23 July 2020
Isn’t it safe to invest money somewhere for a proper saving purpose? But, we know that people ask for more, more what? Yes, you got it right! BIG PROFITS IN RETURN. Although, investing in the real estate market is considered as the best option doesn’t exist, why? Because some people opt for investing in businesses,
- Published in All, Area Guides, Construction, News, Tips & Advice, Trends
Best Areas for Investment in Pakistan’s Real Estate Market 2020
Investing money nowhere in the real estate market can make up your mindset of business to the extent. In terms of obtaining profits as an outcome along with beneficial opportunities, consider it the best option that doesn’t exist. In Pakistan, the demand for real estate is phenomenal, why? As it generates the purpose of saving money by investing in lands or plots where you are more prone to gain if the recommended area is demanding plus, perfectly advised by the best real estate agent, so, what are you waiting for? Go and get the property in your desired area!
Pakistan is the world’s 5th most populated country which has exceeded the population of 212.2 million. Hence, the area is 881,913 square kilometers. So due to the extensive requirement of living, there have been built multiple societies where you are allowed to buy or invest in multiple properties.
For investing and purposes, a buyer or investor needs to have know-how regarding the trends of the real estate market. They should be aware of all the required taxes, interests as well as demands of that particular property before proceeding ahead. Two things are more important for an investor’s knowledge; proper research and planning. If you are one of them then consider it the right place you are at because we will suggest some of the best areas for investment across distinct cities in Pakistan. Let’s make headway to know more about it!
Which are the Considerable Cities for Investment?
Who isn’t aware of three entirely big and famous cities of Pakistan? Well, freshmen do not need to worry about it as we are going to highlight them with their well-known areas. To be more specific, Karachi, Lahore, and Islamabad are those cities where investment would turn out to be profitable because they meet your needs covering all aspects.
Let’s dive in without further delay!
Areas for Investment in Karachi
Karachi is one of the biggest cities in Pakistan and the economic center, highly famous for its lightning all over and well-known as “The city of lights”. The demand of this city is competitively high among Pakistan’s real estate market. Following are some of the specific areas of Karachi you might want to invest in societies like:
➢ Gulistan-e-Jauhar
➢ Defence Housing Authority
➢ Scheme 33
Gulistan-e-Jauhar
If you are living in Karachi, you have already known about Gulistan-e-Jauhar and the societies under this area. The land is expanded and holds a large area. You will be given all the opportunities such as:
● Affordability in housing units
● Big investment, big gain
● Perfect infrastructure, middle and large scale investments
● The rich supply of electricity, gas, and water
● Innumerable facilities such as; all kinds of institutions, parks, sports complexes, public transport, and nearby markets.
DHA, Karachi
DHA is one of the safest options in Karachi to invest and well-known for its highly secured residential across Pakistan. Mostly, the large scale investors opt for defence as it fulfills all the necessities within a single area, moreover, covers the Seaview and Clifton proximities.
Defence Housing Society is one of the premium societies that meet your needs and provides the lavishing lifestyle along with proper necessities, you will get:
● Multiple phases for both kinds of investors
● Lavishing lifestyle with exquisite infrastructure
● High demanding property
● Huge profits as per increment in real estate trends
● Best schools, colleges, and universities across Pakistan
● Parks, Hospitals, and commercial markets
● An abundant supply of water, electricity, and gas
● Exceptionally reliable in almost every aspect including religious centers
Scheme 33
This area has its charm whenever it comes to investment. The land is wide-spread and expands from Gulshan-e-Iqbal covering Gulistan-e-Jauhar to Malir cant. There are plenty of housing societies in Karachi but this area covers 293 different societies which are specifically divided into 54 sectors. You might want to know why you should opt for scheme 33:
● Exceptionally affordable for both type of investors
● Prices are competitive among
● You can get several opportunities like educational institutions, parks, hospitals, and basic amenities as well.
● Situated nearer superhighway
Areas for Investment in Lahore
Lahore is the second biggest city after Karachi and commonly known “the city of gardens” while being enriched in greenery. Lahore has vacant land and a really good option for investors due to its affordability. However, the demand for this city is competitively high in the real estate market after Karachi. Let’s move ahead to know about the areas where you should probably be investing:
➢ Raiwand Road
➢ Bahria Town
➢ DHA Lahore
Raiwand Road
One of the reasonable area to invest mainly for middle scale investors. Why wouldn’t someone want peace? Everyone does, therefore, Raiwand Road is known as the most peaceful area among Lahore, away from the city’s hustle and bustle. Reasons why should invest in this particular area:
● The housing scheme is inexpensive
● Multiple opportunities and utilities including affordability
● Modern and premium lifestyle
● All kinds of necessities including institutions, hospitals, residential, parks, etc.
Bahria Town, Lahore
Bahria town is one of the most developed yet lavishing options to invest in Pakistan’s real estate market. From beautiful infrastructure to commercial and residential amenities, Bahria is leading throughout other areas in Lahore as it is known as the epitome of perfection. Highly considerable option for both investors. Let’s dive in to know the reason why Bahria?
● Peaceful living with a perfect housing society
● Private schools, hospitals, and other basic requirements in just a single town
● A beautiful infrastructure that meets the needs of middle-scale as well as large-scale investments
DHA, Lahore
As we have already discussed that the Defence Housing Society is the secured option that doesn’t exist in Pakistan. Well-planned in terms of housing societies including commercial and residential areas. You can get everything in a bundle as it is divided into several phases, each phase has uncountable opportunities an investor could ever get.
DHA Lahore offers a premium lifestyle that has all basic features and utilities from educational institutions to hospitals and shopping malls as well. Large scale investors are more likely to invest in this society as it is expensive.
Areas for Investment in Islamabad
Who doesn’t admire the natural beauty, greenery, and exquisite scenery? Well, Islamabad is known as one of the beautiful cities of Pakistan. Most importantly, there’s a high chance of maximum gains, moreover, depends on the market rates and values. Let’s more ahead to know which are the best areas to invest in Islamabad.
➢ DHA Islamabad
➢ Bahria Town Islamabad
➢ Gulberg
DHA Islamabad
Islamabad is itself a beauty but defence’s area has ranked it on the top. If you’re looking for a dreamy lifestyle then opting DHA Islamabad would help you out. It is situated at the N-5 Highway. Whenever it comes to safety, Defence needs no introduction as security is a priority here. Furthermore, people always seek opportunities and facilities that you could find in bundle and here you go:
● Maximum security and safety
● Large scale investors can rush easily
● Appreciable infrastructure
● All sorts of requirements include International schools, markets, parks, etc.
Bahria Town
Bahria Town Islamabad is a prime location for Investment and purposes. The amenities, infrastructure, luxurious lifestyle, and modernistic architecture you can get in a single area. Bahria Town not only means providing you a perfect lifestyle but good returns on investments you do. Basic necessities will be given with respect to modernization.
Gulberg
In Islamabad, Gulberg is one of the attractive locations and just started expanded on the expressway of Islamabad fringes. Both kinds of investors can rush into it because it offers different packages you might want to consider. Investors usually seek for clean and green places in this city, hence, Gulberg has everything to offer along with amenities, and mandatory needs of one. Moreover, roads are wide and carpeted with alluring infrastructure.
Here we conclude with the basic information an investor must have a know-how of. The real estate market is more likely to have ups and downs as over the past years we have seen a downfall of this market. Nevertheless, 2020 might be a year of lasting success. Those areas should keep in consideration for better outcomes. Both middle and large scale investors may get benefitted if they move along a proper plan. Happy Investing!
Best Areas for Investment in Pakistan’s Real Estate Market 2020
Wednesday, 15 July 2020
Investing money nowhere in the real estate market can make up your mindset of business to the extent. In terms of obtaining profits as an outcome along with beneficial opportunities, consider it the best option that doesn’t exist. In Pakistan, the demand for real estate is phenomenal, why? As it generates the purpose of saving
- Published in Construction, Featured, News, Tips & Advice, Trends
Advantages & Disadvantages of Building Your Own House
Building a house is a very complicated process. It requires energy and enough money as you want perfection in every aspect, whether a lifestyle, location, or neighborhood. You can get everything according to the plans you have made your “dream home” to look like. Eventually, there is a complete process before building one, first of all, you have seen or imagined how your home should look like, right after that go for proper planning. Planning is meant to cover all the costs requiring labor, painting, and almost every possible commodity. Instead, if you opt for purchasing then there’s definitely renovation becomes mandatory.
How costly is it to build your own house in Pakistan?
In Pakistan, it is quite the toughest task and process for purchasing or building a house. As the economy of Pakistan doesn’t allow us to go with the flow, in short as per plan. An increase and decrease in the economy would be an obstacle, so we recommend you to get it done when there’s a downfall in prices. Anyhow the total cost of construction per square foot ranging from 2800 PKR to 4000 PKR these days. Furthermore, it depends on the structure you are willing your house to build upon.
There are certain advantages and disadvantages you might want to put inconsiderate before building your own dream house. Here you go!
Benefits of Building a House
Building a house involves plenty of benefits, here is the reason why you want to opt for constructing your own home despite buying it.
- Slightly Affordable
Affordability comes first concerning how much you can invest in accordance to the planned budget. However, buying a home requires renovation even if you pay as equal to constructing personally. So it is one of the benefits where you can save money and decorate the way you want your home to be.
- Exceptionally Customizable
Customizing a home that meet your needs would be advantageous in various purposes. Let us tell you how? Do you want a big kitchen or a garden or you want a big open space? You just plan it and briefly explain the idea to that particular architecture about how you want it to be. Follow your dreams and make your house the way you want. More often there would be chances of renovation in old houses, as you know nothing stays same and especially the appliances are made with some sort of warranty. Better save that money to decorate it luxuriously.
- Efficient Energy Structure
After affordability and customization, here comes efficiency of energy which means well-organized structure of power or energy state, whenever you opt for building a house. The entire structure would be new, the appliances that provide energy would be fresh and new so there will not be any chances for renovation. It would save you money as well as utility bills. However, you would be able to save even more.
Downsides of Building your Own House
Without uncertainty, there come certain major downfalls if you opt for building a house on your own. The cost might run out of the flow causing it to stimulate the budget out of extent. That is why you are directed to reach out to all the possibilities along with perfect research. You might want to get acknowledged as if how does it generate the downfall.
- Highly Expensive
The fact is no way near hidden that the prices are costly enough in Pakistan. So, it is understood that the price of purchasing counts low with respect to building a new one. How? Although, the one you are willing to make would be the perfect you have ever come across, moreover, the one that meets your needs. However, it has become quite difficult to mortgage because the rates are interacting with the sky. If you don’t bother to get with plan and research then you are not able to build it under the expected budget. So the call is yours!
- Neighborhood
New houses are usually built in unorganized or undeveloped communities that means there might be fewer facilities nearby including, smaller sizes of yards, and a closeness to your neighbors. It won’t be present in the countryside so there’s a high chance of confronting mud and dust until and unless you are capable of affording a person yard. The construction around will not stop until it becomes a fully established community. It can last for weeks, months, or even years, so this basically is a downfall.
- Lack of quality
As a matter of fact, new houses must follow certain building codes, there’s a huge possibility of human error during construction as such, it seems necessary to inquire about the material’s quality as well as how the builder will be using it. Better refrain from focusing on customization before the budget and always look for good quality.
Select the Right Builder
Opting for a right builder is a real game. Obviously, a lot of competitors out there are working so you have plenty of options. However, if you couldn’t judge him right on time then it will be regrettable for the rest of your life. Building a home in this era is already one of the trickiest tasks that have ever existed. So, choose wisely.
Conclusion
Building your own house requires a big amount because you want your desired house to be perfect. When it comes to purchasing a house, the renovation is the only option left. So we would recommend you to go for constructing one for yourself, why? With the help of incredible research and planning, you can make your dream house a reality, moreover, within budget. But if you are not good at it then you are all set to purchase. It makes a difference because there’s plenty of costs is required, not to forget! New things demand more investment. However, build one for yourself and family as it is affordable, customizable, and energy-efficient. At the same time it can turn out to be expensive, solely depends on your capabilities. For further queries and details, contact us!
Advantages & Disadvantages of Building Your Own House
Saturday, 27 June 2020
Building a house is a very complicated process. It requires energy and enough money as you want perfection in every aspect, whether a lifestyle, location, or neighborhood. You can get everything according to the plans you have made your “dream home” to look like. Eventually, there is a complete process before building one, first of
- Published in Construction, News, Tips & Advice
How to Choose the Best Real Estate Agent for Purchasing, Renting, and Selling Property
Do you know? It is one of the hardest tasks to find the best real estate agent for your property. Well, yes things can be difficult at first because buying or selling property demands energy and some brains. Moreover, a professional is highly required for this purpose and reach out for more if you didn’t get to understand any, so recruit wisely.
How can you find the right one? Apparently, this question is not as difficult as it seems. As a matter of fact, innumerable professional agents are working out there and dealing with so many people, though in certain circumstances you would not get the best for you. Nevertheless, if you are willing to acquire an expert then enlist some and follow the given instructions.
There are some restrictions you must consider before selecting which can make a difference. However, do not hire as if he is not eligible enough to find you the finest property in the market. In terms of getting the perfect guide and suite property, you must follow some valuable tips and for that staying on this article is mandatory.
Difference between real estate broker, real estate agent and realtor
First things first! You must be aware of this difference, as soon as you have perfect know-how related to the realtor, agent, or broker then you are all set to choose who is going to help hereafter.
A real estate agent is a professional who has taken an exam and got a license solely to purchase or sell out homes on the customer’s behalf. What if he wants to become a broker, he must take an exam for that to get a broker license in order to complete the required education from the specific state. There are certain agents working under a broker. Besides, a realtor is a member of some sort of association, somehow he sets up standards, rules, and regulations. A realtor can be a broker or an agent, but a broker or an agent is not necessarily a realtor. You have all rights to ask if that specific agent is a realtor.
What to Observe in a Real Estate Agent?
Before opting for one, you are supposed to observe some obvious things which should be kept in consideration further, whether you are choosing another. You must be observant as if he is:
1. Reactiveness
The best quality in a realtor is that he should be responsive. As you know that the buying and selling of a house is a really quick process where you should stay prepared. What basic obstacle is more prone to come in the way would be the irresponsibility of an agent. Ask the neighborhood as if you are concerned about your dream house and in case of finalizing the decision, you must be knowledgeable. Eventually, don’t stop yourself while asking dozens of questions from a real estate agent. Check thoroughly if they attend your phone calls, or, Respond to emails. It may sound a little bit childish but for your better future consider it a necessity.
2. Full-time Availability
Usually, you would want to ask questions regarding the property and apparently, you are not genius enough to ask all the questions in a single meeting. So stop the hesitation right there and inquire as much as you want because you are hiring and paying for that purpose.
A realtor is a salesman, but if you’re getting a sleazy vibe, that is the time to walk away. You shouldn’t get under pressure if you’re not comfortable with, push him back if he seems to abandon you.
How to find the best real agent?
Now and then it is not necessary to opt for a top-selling agent, why? Because they are more likely to have a big team along with a vast and spectacular advertising budget. Due to this, the attention might get divided but if you want personal attention then opting for personal real estate agents would be the best choice.
Besides, you can find yourself an agent with less experience. You must have been thinking why right? Well, there’s a lot to be part of the conversation as an inexperienced agent is much more enthusiastic about his work and in seek of getting experience so he tries to provide the best he could. Not necessarily speaking, consider it a tip.
Here is the reason why you should consider before opting the finest agent for you:
1. Enlist number of agents
Are you thinking about how to find the number of agents and enlist them particularly? Well, it is way too easy now. Let us apprise you how? As the Internet and Google are working too fast, that means it showcases all kinds of knowledge related to what you search there. Oh, that’s too simple! Agents from your areas are just one click away, so do not waste your time finding out there where you only get disappointments. Create a list of agents you think would turn out to be engaging then opt for and interview at least three of them.
2. Ask Lots of Questions
If you are done with the list thingy that’s where your first step comes to completion. Now, what next? After enlisting three agents you would want to meet them in person or on call, it depends but face-to-face meeting sounds good. This is going to be that person who will guide you from minor to major problems and benefits. Feel free to appoint a meeting to get everything done in front. Also, refrain from those who do sugar-coatings, better decide by using your brains and ask questions like:
- Do you do a full-time job in real estate?
- How much longer have you been licensed?
- Do you have a team to work? If so, will I be able to work with you or another member of your team?
- What is the ratio of referrals in your business?
- How many clients do you deal with at one time?
- How would you want to communicate?
- In terms of complaint from a client, how do you handle?
- What sort of contracts do you offer?
To start the conversation, these questions would help you out loud.
3. Request for the References
Basic information regarding the past experiences of a client is one of the important tasks and ask him each and everything right there. He is supposed to provide you all the information and even the contacts of clients he has worked with, which will benefit and moreover, stressed out. For your satisfaction, call all of the clients and ask for the reviews. These important tips will help you out and about.
CONCLUSION:
A good real estate agent is required in terms of buying, selling, or renting properties. If that particular agent is not eligible enough to meet your needs then firing him would be a better option that doesn’t exist. They may sugar-coat in several circumstances and hide the issues through which you can get trapped. Hire an agent that matches your personality, available full-time, communicate differently, and do not get exasperated when you ask questions. You are solely one good agent away!
How to Choose the Best Real Estate Agent for Purchasing, Renting, and Selling Property
Saturday, 27 June 2020
Do you know? It is one of the hardest tasks to find the best real estate agent for your property. Well, yes things can be difficult at first because buying or selling property demands energy and some brains. Moreover, a professional is highly required for this purpose and reach out for more if you didn’t
- Published in News, Tips & Advice
Considerable Designs for Kitchen Flooring
It’s 2020 and things have changed a bit more!
We are living in a creative and modern world and whenever it comes to living, lifestyle is being indicated. People love to furnish and design their own houses to stay updated according to modernization.
You must be thinking about how to stay updated, right? Let’s just discuss it right away!
Apparently, it’s not easy to renovate home every time just to look likewise, not at all. You might want to change your kitchen flooring that is why you are here. As you know that flooring of the kitchen turns out to look lavishing, yes it does because if you have an open kitchen, the flooring would be the first thing that is more prone to be viewed.
In Pakistan, the market manifests the variety of flooring tiles, and opting for a good one for yourself is going to be the best decision. More importantly, you can’t buy before even knowing the cost and its reliability. You should be careful while selecting and if you don’t have any idea what to select? Then we will be discussing here, but just stay on this blog to get all the knowledge regarding the best material.
Preferable Choices for Kitchen Flooring
You would want to consider some suitable yet durable kitchen flooring options and here you go!
- Hardwood flooring
- Ceramic tiles flooring
- Linoleum flooring
- Natural stone flooring
- Bamboo flooring
HARDWOOD
Hardwood is one of the most astounding options for flooring, not to forget it gives lavishing look and add value to your kitchen. However, it is not water-resistant and not manufactured as water-proof material so consider it a restriction for those who wash off their kitchen daily instead of moping it. Though it is wood that is always allergic to water as well as moisture which sometimes makes it a poor choice, also the floor gets discolored. So, if you are fond of doing variations every year or two then it is one of the best options to be opted for.
Design of Hardwood
Hardwood is one of the premium materials for flooring and stuff. Moreover, it adds the value of a real estate to a home. It offers texture and visual warmth and manifests architectural style. If hardwood flooring might be installed in the kitchen it would give the best look throughout the entire house.
Kinds of Hardwood Flooring
If you opt for Hardwood flooring then you must what kind of floor you actually want? It has several kinds along with instructions of what and what not to choose, so let’s get started!
1. Rigid Unfinished Floor
Installation for hardwood flooring is done after when finishing and staining of the hardwood is done in the kitchen. The board is tightly attached to another so that water cannot be penetrated in between the linings.
2. Rigid prefinished Floor
Prefinished flooring is better than the unfinished one, why? Because it is stained and sealed in the factory which makes things easy for installers. It is durable to some extent.
Pros
- It creates attractiveness on the surface
- It might be refinished
- Increases the value of a home
- Gives a lavishing look to a kitchen
- It is much softer and warmer than tile
Cons
- It is highly susceptible to water
- Can damage the floor with dents and scratches
- Exceptionally high in maintenance
- It is not easy for DIYers to install by themselves
- Not that much pocket-friendly
CERAMIC TILES
Ceramic tiles flooring is very famous across Pakistan as it one of the most versatile yet reliable for a long time and causes less burden to your pocket. During the hot climate, ceramic seems useful enough as it is much colder than any other category of tile.
You must opt for ceramic tile as these tiles can be installed everywhere from kitchen to bathroom, or even in rooms. The material is amazing causes zero irritation if it comes to high-trafficking. Hasn’t it become easier for you to select what’s best for your home? Or else what do you want in much less cost? It would be an extraordinary choice for an extra luxurious life.
Ceramic tiles have a rigid and hard surface that does not attract or hold onto dust, dirt, pollen, or other unknown allergens. Whenever these small particles try to land on a ceramic flooring, they cannot stay against it, you can easily wipe them off the surface. This helps reduce the chances of getting sick.
Design of Ceramic
The design is what makes a difference depending upon your demand. The design of ceramic can be printed by manufacturers to any sort of style you want it to be. These are rigid and forms patterns in terms of matching and mixing. These kinds of tiles come in distinct geometry such as Triangle, plank, and rectangle. Eventually, ceramic is the most appropriate option one should consider.
Pros
- These are highly durable
- Impermeable to stains, moisture, and water
- Hypoallergenic
- Designs come in numerous variety
- Less expensive
Cons
- Not a good option for winters
- A surface is slightly hard underfoot
- Weight of the tile is very heavy
- Time-consuming and strenuous to install
LINOLEUM
Linoleum is an eco-friendly and stain-resistant material that is tough on high-trafficking and a perfect option for Kitchen Flooring being durable and sustainable. Linoleum provides a sumptuous look to the kitchen and anywhere around your home you want it to be installed.
This was intensified by the fact that there were several low-grade materials being manufactured and marketed under the linoleum name. When these bargain products started to warp, crack, and fall apart, it was linoleum that received the blame. For the matter of fact, it has been intensified that innumerable low-grade materials being marketed in the name of linoleum but you can purchase with the expert advice.
Design of Linoleum
Consumers are more likely to get attracted linoleum because it is a natural material and more common in high-traffic applications of commercial as well as residential construction, the kitchen is specifically included.
Pros
- Linoleum is versatile and Soft
- Incredibly bounceable and durable.
- Have plenty of patterns, colors, designs, and installation Options
- Requires Low Maintenance if sealed
- Exceptionally clean and renewable
Cons
- It is unsafe in sunlight
- Receptive to Scratches solely because of its softness
- Requires high maintenance if unsealed
- Produce odor while installation
NATURAL STONE
Whenever we think about flooring, we always seek for advantages, right? Yes, because why not? It’s not easy to furnish the floor every year and people expect good quality, and durability. Natural stone is one of the easiest flooring, very easy to clean and water-friendly. Opt for larger pieces to get rid of those lines in between and you are all set to have an exquisite kitchen.
To look up for elegancy and luxurious lifestyle, natural stone stays up ahead. It is made of mineral substances found from mountains. For Kitchen purposes, natural stone is an option that stands out among other flooring materials. The demand for natural stone flooring is high because it gives a luxurious look to your kitchen and even home.
Design of Natural Stone
The design of natural stone is really attractive to consumers and more prone to get more attention because of the beautiful look it gives to the kitchen. Synthetically made while having an idea in mind of mountains and stones.
Pros
- Gives off durability
- More likely to tolerate heavy foot-trafficking
- Manifests a natural and elegant look
- Easy to clean and wipe off allergens
- Increases the value of your home
Cons
- Some kinds of stone should be treated with a sealing agent to prevent damage
- Very expensive at times
- Can be brittle and easily be chopped off
- Some stones can be scratched easily
BAMBOO
Bamboo is one of those premium options for exquisite flooring and an alternative to hardwoods because of having certain similarities. It is highly durable, versatile, strong, water-resistant, and eco-friendly as well.
Before purchasing any material, you must know what color, size, and style you are looking for along with the method of installation. Know-how of its advantages and disadvantages are really important as it is wood.
Kinds of Bamboo Flooring
As we have already discussed that bamboo is strong enough and is common in high-trafficking, however, you must be aware of the dependency of staining and finishing of bamboo concerning its types. Have a look!
- Horizontal
It creates sort of a look that manifests fewer lines joined together, moreover, natural features of Bamboo.
- Vertical
It creates a surface that has more lines joined together, however, less natural features of Bamboo.
- Strand-Woven
This kind of floor shows the fewer lines joined together and natural features with the most consistent look.
Pros
- This material is renewable
- Easy when it comes to maintenance
- More likely to be refinished
- Adds value to the real estate of home
Cons
- Easily scratchable
- Humidity can cause cracks in between the tile
- Toxins are present
CONCLUSION:
You have plenty of options for flooring your kitchen beautifully, just have a look on all of the preferences given above and get yourself done one. Luxurious life demands perfection and creativity, so go creative according to what your home demands. We always show the amazing side of real estate as it is mandatory to know what you can do on your own.
Considerable Designs for Kitchen Flooring
Tuesday, 23 June 2020
It’s 2020 and things have changed a bit more! We are living in a creative and modern world and whenever it comes to living, lifestyle is being indicated. People love to furnish and design their own houses to stay updated according to modernization. You must be thinking about how to stay updated, right? Let’s just
- Published in Amazing Design Ideas, Construction, Design Gallery, Kitchens We Love, News
Things you should know before investing in a shopping center
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!
Things you should know before investing in a shopping center
Thursday, 21 May 2020
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
Real Estate Investment Guide
The first thing that comes in your mind is home whenever you think about investing in real estate. Moreover, buyers or seller have plenty of options when it comes to investment purpose in the market. Although, real estate has become a famous investment tool for builders and developers over the last 3-4 decades and around 2.5B dollars has spent by Pakistan on construction each year.
Why investors take interest in real estate?
Are you aware of it? If no, then you are exactly where you are supposed to be as this article is all about answering your queries.
In Pakistan, real estate is one of the profit-making ideas for investment with uncountable benefits, and also it provides a bundle of opportunities unlike other businesses in Pakistan.
Important factors for investing in real estate
Before knowing a method of investing money, you are required to look up for main factors that might help you to determine as if the investment is right for you or not. Here’s a look of some really important factors to invest in real estate market.
Property’s value:
The real estate investment analysis, financing during the time of purchase, premium insurance, taxes and listing price are all depend upon the valuation of property. Some common valuation methods include cost approach; involves the price of construction and land as well as minus depreciation. Sales approach; Properties of similar characteristics with comparable sales with both old and new properties. Income approach; involves cash inflows.
Property’s Location:
The most important factor is to find a property near perfect location as per your demands. It is necessary to search for a place where schools, markets, and transport hubs are nearer to your house’s location in commercial area. And search of neighborhood, space and greenery in residential area. In fact, location is the second biggest factor to look up in a real estate market.
Expected profit and cash flow:
If you want to gain good return on an investment property then positive cash flow works here. You are probably thinking about what to look for? So keep reading, to vanish your confusion.
Here we discuss about expenses and profits while investing on a property; flow of cash can be expected from a rental income, increment can be expected in internal value due to long lasting prices, profits of depreciation (tax profits), benefits of renovation before selling a house, and as well as mortgage loans.
Existing vs. Newly constructed property:
Apparently, there comes a difference between newly constructed and old properties as new have always something attractive to show with prices as well, current trending designs and but risks of increased cost and unknown or newly developed neighborhood. Besides, old properties provide convenience and rapid access with lower price in some cases. It is better to consult with your real estate agent about both properties so that can become easier for you to select.
Basic necessities for real estate investment
Enlisting some basic requirements before reaching out to buy or invest on a property.
Search rental property in growing neighborhoods:
The best way to get involved in real estate investment is represented by rental properties, though tax incentives for buyers might be offered by emerging neighborhoods so obviously buyers who would wish to buy property in growing neighborhood can be profited.
Knowledge about investing in real estate:
Do you want to waste your money? You would if you invest before even knowing about the market and least possible knowledge about the property. It is necessary to have know-how about ins and outs of the real estate investment, so better take some time to make a plan than to regret. You are required to have basic knowledge about real estate market and agency where you are dealing through.
Do leverage the professionals:
Are you worried about what to buy or invest on? Your worries are over now because all you need is a professional agent who has an enough knowledge regarding the area, location, prices, and recent trends. These are the consultants who would work with their team diligently to helo you find properties with profits so that you make less mistakes.
Know-How about tax laws:
It is somehow crucial to get updates about the tax laws, it means to know the schedule and the taxes based on country, city, or state should be known.
Real Estate Investment Guide
Wednesday, 20 May 2020
The first thing that comes in your mind is home whenever you think about investing in real estate. Moreover, buyers or seller have plenty of options when it comes to investment purpose in the market. Although, real estate has become a famous investment tool for builders and developers over the last 3-4 decades and around
- Published in News
RDA – Ring Road Rawalpindi Project
The ring road land construction is a megaproject launched by the end of 2019 and a start of 2020, though it is estimated to get into completion by the year, 2022. This project is probably going to benefit the people of Islamabad and Rawalpindi by offering an alternative route to get an M-2 motorway. The decision has been taken by the Rawalpindi Development Authority (RDA) about working on a project after the ban on interlinked industries and construction by the federal government. The minister says that this project will help in the development of Rawalpindi.
How many roads would it interconnect?
Almost half of the road will be covered from Rawat to Thaliyan exchange which will drop down in Rawalpindi while the other parts will be passed through Islamabad that will cover shah Allah ditta, Margala Road, Siri Saral, Bhara Kahu, F-series and kallar sayedan just before bending back to the initial point at Rawat.
Length of the Road:
The length of the road will be 10 kilometers from GT road to Margalla. The length of the road of a corridor would extend now on 64 kilometers instead of what has decided earlier, which was 30 kilometers.
Cost of the project:
As it is going to be a mega project for Rawalpindi so it obviously would require a high cost of around 100 billion rupees. The minister says about this road, that it will no longer be only a ring road for garrison city but it will be an extensive corridor between Rawalpindi and Islamabad.
Coverage of Land:
As mentioned that it will start from Chani Sher Alam and terminate at thalian which is nearer to the motorway. The area that is marked for construction is around 300 acres for hospital whereas 700 acres have been allotted for the construction of institutions. Hence, a housing society would also be constructed along the ring road, under prime minister housing scheme project.
What are the basis and benefits of project?
- The Ring Road Rawalpindi project will help reduce the common issues like traffic between both cities also move more than 50,000 vehicles easier which is facing environmental pollution on daily basis.
- The formation of Project Management Unit (PMU) is to supervise the construction of ring road which was expected to be started in March.
- As a project director, commissioner of Rawalpindi is appointed while deputy director project, engineers, a structural and an action planar are to be hired.
The minister further says that this project will be completed in two years, moreover it will going to be benefitted for both cities also for the entire country.
Conclusion:
More projects like Ring Road Rawalpindi will help in the betterment and economy of Pakistan, as they provide job opportunities along with other facilities too for the people of Pakistan. As far as this project is concerned, this city would come in competition with the other big cities of country, also this corridor facilitates travelers between both cities and would make the route easier.
RDA – Ring Road Rawalpindi Project
Tuesday, 19 May 2020
The ring road land construction is a megaproject launched by the end of 2019 and a start of 2020, though it is estimated to get into completion by the year, 2022. This project is probably going to benefit the people of Islamabad and Rawalpindi by offering an alternative route to get an M-2 motorway. The
- Published in News
Worried about renting a house? We have your back.
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.
Worried about renting a house? We have your back.
Monday, 18 May 2020
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
Residential vs. Commercial Property
Are you confused about buying which of these properties? Then you’re at a right place, so go ahead to remove all the confusions you are struggling with and search for what’s best for you. Talking about the best and more secured opportunity to invest in Pakistan is real estate market which not only provides profitable properties but also helps you to be financially stabled.
There are uncountable options in properties but two have really got an importance out of all those, hence are known as commercial and residential properties. These properties have always been a part of debate since decades. Let’s have a look on both types and what they have more to offer!
What is commercial property?
Commercial properties such as retail shops, Hotels, public necessities, office buildings, warehouses, industrial buildings etcetera. From commercial property, an owner can start a business either owning or renting a space as companies tend to rent the property rather than owning it. The commercial property is known to be considerable investment market as real estate is not the key business so they prefer not to buy but rent. This is way better and productive asset than residential property.
The Benefits of commercial Property
Usually there are so many benefits of owning commercial property because owners of business face different issues regarding either rent or buy their office space. In real estate market, a commercial property can provide the basis for growing businesses. Following are the benefits you should be aware.
- Favorable Rates
- Fair Appreciation
- Reasonable Prices
- Chances of Cash flow
Favorable Rates:
The mortgage interest rate is the most important cost of buying real estate property. Rates are always in the favor of purchaser as it continues to be low all the time. It is usually one of a difficult task to maintain a spotless financial profile to obtain a challenge, meanwhile, it is better to be prepared with a comprehensive business Idea so that success would become easier for you. So this is one of the basic benefit one could ever come across.
Fair Appreciation:
When you work with equity and justice in your business, it becomes worth profitable so that you can purchase to grow your business better. To manage your business with high versatility, this would help in all the purposes. At the time of retirement, you can also sell your property to another purchaser as it gives so many options in the time of your needs.
Reasonable Prices
For dental practices, commercial properties are less expensive than before, same goes for industrial, and office spaces. It costs less to buy a property than to rent it, during the time of real estate downfall, the value of property decreased and the rates were high. But now is the time to purchase or rent a commercial property as the prices are low enough to meet your financial status.
Chances of cash flow:
Cash flow is what we actually wish for, whenever investing in a business. So if you buy a commercial property that contains a space for residents then you definitely have further options for cash flow through a rental income too.
What is Residential property?
Apparently, Residential properties are those which includes properties other than commercial real estate, such as apartments, single-family houses, and townhouses etcetera. Now it depends on property owner whether to rent it or live in it. Renting means to enjoy extra income so this is why families prefer to rent residential properties in case of fruitful outcomes. It is definitely not beneficial for those who lives in someone’s house as this place is considered as a primary residence for them. Now your wait is over, you are all knowledgeable enough now where to invest or what to purchase in both the properties.
Benefits of Residential Property
Residential properties involves plenty of benefits for the people who rent their properties as well as to live in it. Following are some of the advantages you should be aware of:
- Value dependency
- Beneficial Investment
- Rental income
- Opportunity for unemployed people
Value Dependency:
It is the best way to make money as per increment in properties which means whenever the worth of property increases, you would get benefitted in terms of renting it. In case of purchasing the property, the decrease in value would be fruitful to buy at this time.
Beneficial Investment:
This type of property can let you leverage your investments in a way that if you purchase a house and invest money for the renovation purpose to make it look attractive towards the rentals. The investment you do a single time would become profitable as an outcome.
Rental Income:
In a world full of competition, the income from a job is not enough in this era as it requires other than needs. So renting your real estate residential property will be the best option to get income every month to fulfill all the requirements, also saving that money in future would be a perfect idea.
Opportunity for unemployed People:
Renting property is one of the best options for unemployed people, you just have to invest your saving in a property and rent it to get income every month.
Types of Commercial and Residential Property
There are several types in which four are needed to be discussed
Primary purpose:
The commercial properties come by for business and investment purposes which means people gat shops and office spaces to earn income, monthly. However, residential properties are made for nuclear or joint families. The only purpose is accommodation of residential area.
Opportunities:
This type is purely used for commerce and business, so offices and shops might act as basic business centers for them. Meanwhile, residential property is also about renting and you have an option to sell whenever the right time comes.
Laws and Regulation:
The residential property has different laws and regulations than a commercial property as residential is way more lenient because it focuses on the rights of residents while commercial laws and strict and based on equal rights, so both parties are required to negotiate.
Design and structure:
Residential property always comes up with different design and structure like design of apartments hit different and architecture of house hits different. On the other hand commercial suffers different costs in terms of warehouses, piping and wiring, all costs hit differently.
Residential vs. Commercial Property
Friday, 15 May 2020
Are you confused about buying which of these properties? Then you’re at a right place, so go ahead to remove all the confusions you are struggling with and search for what’s best for you. Talking about the best and more secured opportunity to invest in Pakistan is real estate market which not only provides profitable
- Published in News, Tips & Advice, Trends
Factors Affecting Real Estate Market
What is Real Estate Investment?
Are you unaware of how, when, or where to invest? Then you are in the right place. Real estate investment is one of the most beneficial yet profitable investment opportunities in an entire country. Real estate investment is that you have to buy a property after consulting your real estate agent. However, it is more likely to get gain than to lose. The property market of Pakistan has come to light and become a major contributor to the socio-economic development of the country. This is considered as the best way to secure money for a long period and also being profitable, the outcomes are always in support of gaining-good in return.
Factors Affecting the Real Estate Market:
Before heading towards real estate investment, you definitely need to have knowledge about some factors that affect the real estate market. Here is the list of some important factors.
- Demographics
- Taxes and Budget
- Opportunities for Employees
- Overseas Pakistani’s Investments
- Interest Rates
- Regime Policies
- Belief in Market
Demographics of Country:
Demographics of a country play a main role in terms of buying, selling, or renting purposes. The real estate market is directly affected by some categories of demographic data like the socio-economic status of the generic population, it depends on the earnings of people likewise, whether they belong to middle class or elite class. You either be searching for a big house for a joint family or small house for just 2-3 individuals, it depends on the divisions of family systems.
The one is a nuclear family that possesses a small apartment or house, the second one is the joint family system which requires a huge house apparently. So in that case, Pakistan’s property has great value and demand which is affected by divisions. Hence, the Pakistan real estate market is directly affected by the demographics of the country.
Taxes and Budget:
Pakistan property market was in serious economic crisis for a decade but 2019 was a turn over for Pakistan real estate market and the economy as well. Eventually, the cost structure of property requires a budget and it depends on the increased or decreased prices of raw materials for instance; cement, bricks, or fixtures etcetera. The prices of the house can go down easily if the low-cost raw material is used. In that case, lower the cost of construction, lower will be the business. So if the budget is low, the Pakistan real estate market will fall.
Tax rate:
- Withholding tax rate has been decreased from 2-1% on rooted properties
- Withholding tax collection on buying property disregards of its market value
- Withholding tax collection on selling property, where the holding property is remained above or below 5 years
Opportunities for Employees:
Do you want to know how much the employees get benefitted by the opportunities they have been given when it comes to real estate sector? You probably need to know that the proportion of the country is directly related to the ‘employment to population ratio’. The financial independence shows the high employment ratio which means more employed people will be more financially stable. Hence, the prices will become affordable for them in terms of buying or selling house.
Overseas Pakistani’s investments:
Overseas Pakistani’s have always made handsome investments to our country’s real estate sector and surely played a vital role. Some major developments like the Naya Pakistan Housing Scheme where houses are being constructed in multiple cities around different cities of Pakistan.
How to make friendly-relation with investors?
The basic aim is to make investor-friendly relations and welcome the overseas Pakistanis in a world of real estate sector. The investments are highly profitable and whenever someone invests, they bring resources inside your country for instance; Money, technology, and machinery etcetera. So it is considered one of the biggest factors to bloom the real estate market.
Interest rates on properties
Interest rates on properties play a critical role in the growth and development of the real estate market. Well, you know in some ways interest is forbidden and people don’t really invest along with interest. The buying property depends upon interest rates, which means the slight change in interest affects the trend of real estate market. This major factor would let people find another business rather than investing on real estate market.
Due to the socio-economic and political situation of the country, Pakistan’s stock market varies quickly, which results in the up and down of the real estate market, eventually, the graph comes down in terms of high-interest rates. Lower the interest rate, greater will be the value of property in Pakistan.
Regime Policies
Policies made by the government play a main role in the development and growth of the real estate sector. The support in reducing taxes and subsidies can be beneficial for the investors and also for the betterment of the infrastructure of Pakistan. Moreover, foreigners might get attracted to invest here. So basically the relation should be friendly or else people will not invest in it here.
Belief in the Market
The most important factor is to create a better image in the market, real agents are supposed, to be honest, so that investors can fully trust them. As it is all about savings of people and they think twice or thrice before even investing so it is the duty of builders and developers to develop trust among people or frauds would not let people invest in the real estate market.
Conclusion:
These are the factors that greatly affect the market of real estate and in terms of any mishaps while buying or selling properties, the market will go down. You are required to have knowledge about demographics, taxes, and budget rates, the opportunities are given to employees, and government policies etcetera before investing. As we know that the real estate market is getting better and we can clearly see the bright future of this market, so do not hesitate or think twice or thrice because we care for your savings and future as well. So just find out a professional real estate agent and try to have firm faith. Happy investing!
Factors Affecting Real Estate Market
Monday, 11 May 2020
What is Real Estate Investment? Are you unaware of how, when, or where to invest? Then you are in the right place. Real estate investment is one of the most beneficial yet profitable investment opportunities in an entire country. Real estate investment is that you have to buy a property after consulting your real estate
- Published in News
5 Mistakes should be avoided by a Real Estate Investor
As a matter of fact, investing money in a real estate would never be an easy task for beginners. But there’s nothing to worry about as you only need to avoid some of the mistakes that might lead to failure. Following are the ten mistakes, a real estate investor must avoid.
1. Improper research and planning:
A real estate investor is likely to make this mistake more often. Without proper research about property and real estate agency one shouldn’t consider to buy or invest. Don’t get over excited before or refrain from trusting your real estate agent so early, inquiry is highly required about the area, neighborhood, and location etcetera. It is important to research about builder’s history, civic facilities, upcoming projects and value of that area. You can also research about it on internet as there are different websites which might help you get the best with no regrets.
2. Being effected by ‘The Market’:
Everything comes down your knees if you don’t get affected by the market more than your requirements. Real estate market rotates in a cycle of ups and downs where there comes a good time for buyers or sellers when the prices of market on the boom. So it is better not to wait for the right time, you are definitely gambling with the future of your family if you do so.
3. Underestimating your budget:
Every homebuyer is always looking for a house that fits their budget because an expensive property can be better but appealing also which questions your expenses. It is a human nature to look for something a little more attractive which may exceeds limit, yet some banks provide loans as per your finances and ability to repay. Before even investing you need to check out the expenses for renovations, furnishing, and painting etcetera. Better make a list of expenses including tax, or insurance so that decision could become easier for you.
4. Not opting for a professional real agent:
This is the most common mistake a real estate investor should avoid while not opting a professional agent. Whenever you plan about doing an investment in a real estate market, you should choose a reputed yet experienced agent who might charge you a bit more, as it is quite difficult to trust strangers so you are supposed to look out for someone who has a perfect knowledge about ins and outs of real estate market. For instance; rules and regulations, and current market trends as well. The best way to find out who is an experienced real agent is to look into his past performance so you can get freed from types of scams.
5. Not executing an investment strategy:
Not every investor comes with plan or strategy about what and where to invest and they don’t have even knowledge about the outcomes. Hence, the requirements depend upon experience, age, and income level etcetera. Likewise, young generation looks for trending styles while retired would prefer a stable cash flow. So never come up to invest without making strategies.
5 Mistakes should be avoided by a Real Estate Investor
Monday, 11 May 2020
As a matter of fact, investing money in a real estate would never be an easy task for beginners. But there’s nothing to worry about as you only need to avoid some of the mistakes that might lead to failure. Following are the ten mistakes, a real estate investor must avoid. 1. Improper research and
- Published in News
Investment in Pakistan’s Real Estate Market
In real estate market, 2019 is considered as a worse year for Pakistan property. As we know that buyers or investors are always seeking for the best time to invest so maybe 2020 is going to be a perfect year for them to invest in market. Though sellers want to know about their properties to be sold out and would look attractive towards the buyers or investors. As you know that this market is beneficial for business purpose, like construction etcetera, so basically 2020 will turn out to be advantageous for suppliers and purchasers as well. Investing in the properties don’t supply shelter for living, anyhow, it looks like a best resource for saving money for one’s future.
What Buyers and Sellers are supposed to do?
As we have already mentioned about 2019 that it has been the worst year for both buyers and sellers. However, sellers are not in good condition as compared to buyers because a seller has only two options, first; they should wait for the price to get high again. Second; sell their property at a low prices to ignore bigger losses. On the other hand, buyers and investors are supposed to get knowledge about the market of earlier 5-10 years. However, 2003-6 and 2013 were the best years for buyers, yet 2007 till 2009 and now 2019 were the worst years.
Recent Trends of Realty Estate Pakistan:
- Condition of agents:
Due to the fall of real estate market, agents were badly effected and we got to know through current news that about 40-45% of them have already left because of low income. So condition looks worse due to the fact that they have confronted great loss and severe crisis.
- Capacity of property undertaking:
Recently, transactions found to be lowest as compared to 2015-16. In 2016 transactions and data file transmissions were recorded 180-200 on daily basis in DHA Lahore but in 2019 it turned out to be 10-20. Lower amount of undertaking is directly proportional to low investments in real estate so apparently this equation leads to a price decline. As capacity of property dealings is an exemplary indicator of the conditions of market.
- Transfer of market to buyers from investors:
Pakistan property has changed to genuine buyers from investors, buyers who now only buy properties to live in. The transfer has now ended and price too have cooled down. But before this, Pakistan property on daily basis used to market shares and stocks.
Valuable areas for investment in 2020:
Are you looking out to invest some handsome amount where you will be benefitted too? Then you should be likely to invest in subsequent areas of Karachi without being remorse at the end of the day.
- Gulshan e Maymar:
In 2019 this area has changed a lot commercially and has done an uncertain job to make it valuable for investors. However, investors earned a very handsome yield in commercial areas of Gulshan e Maymar against their investments. Although, this area is considered one of the famous areas of Karachi that contains amazing parks with beautiful infrastructure and also is clean as compared to other commercial areas of this city. Anyhow, investing in such areas would be advantageous.
- Bahria Town Karachi:
Bahria town is known to be one of the biggest developments, Karachi has ever come across, which has given a unique concept of gated residential advancement. This project has given so much to the real estate sector like jobs for construction purpose and much more. This is the only residential society around Pakistan that is deficit free from security and power. After getting huge success from Lahore, it then expanded in Islamabad and Karachi as well. Though, without uncertainty bahria town Karachi becomes even more successful because of having elite lifestyle, safety and vast land. Bahria town has not only made elite class houses and flats for the upper class community, yet, also made Awami Villas for lower and middle class community. But due to certain circumstances in land disputes and non-reimbursement of some properties, regrettably we will not recommend you to invest in 2020 because it is still struggling. So this year, better refrain from investing in bahria except for some blocks.
- Defense Housing Authority (DHA) Karachi:
Defense Housing Authority lie under the administration of Pakistan Army and is an another massive success in housing schemes. DHA has expanded in distinct cities of Pakistan such as Lahore, Karachi, Islamabad etcetera and currently it is launched in Gujranwala and Multan as well. DHA come under highly secured areas though it is called an armed area. So investing your amount in here would definitely be beneficial in 2020 as we have already elucidated its features and exquisite infrastructure.
The residential development schemes such that, Bahria Town and DHA are playing cardinal role in the advancement of real estate sector. By the government plans and continuous efforts from such residential would evaluate this sector and it will definitely increase the economy of our country in the upcoming years.
Basic advice for investors in 2020:
This year would be beneficial for the investors, likewise PM Imran Khan has already given permission to invest and no queries such that, where did this money come from or any question regarding your income will be asked. Consider it a plus point because from now onwards you are free to invest. Before buying or selling any property, you survey different categories like apartments, houses, industrial, residential or commercial area and invest wherever or whatever you want but we advise you to look after every possible complication that would refrain you from misleading by the real estate which has no value. It is solely way better to invest in less popular area as prices are going to increase in future as predicted. Try to be real estate investor not a risk-taker, therefore, do not buy illegal properties just for the sake of investing less money because somehow, you are going to fulfil its requirements if caught red-handed.
Investment in Pakistan’s Real Estate Market
Sunday, 19 April 2020
In real estate market, 2019 is considered as a worse year for Pakistan property. As we know that buyers or investors are always seeking for the best time to invest so maybe 2020 is going to be a perfect year for them to invest in market. Though sellers want to know about their properties to
- Published in News, Tips & Advice, Trends
Real estate: Strict regulation of market need of the hour
Lahore:
Pakistan’s real estate market is developing with every passing day. The emergence of new real estate groups is changing the investment trend from long to short term.
Though many cautious investors park their money in the construction of housing units or simply purchase completely built units to rent them out for income generation, still a majority prefers to invest in land for a better or sometimes quick return, experts say.
The charm of better and instant return has increased the flow of liquidity in the property market and most of the people are not hesitant to invest their savings. In the past few years, the unstable law and order situation and a high cost of doing business had forced many to sell their business and put money in the real estate market.
The diminishing agriculture income is another reason for many small and medium-sized landlords to sell rural land and go for pumping money into urban property.
Though there are some rules and regulations and state authorities to deal with matters pertaining to the sale and purchase of land, they are not helping to build investor confidence. Apart from some private housing schemes, fraud and land-grabbing is the norm and state laws fail to offer any relief and solution to the problem.
As a result, experts say, money keeps on circulating among few particular housing schemes, which are marketed as a safe haven for investment with better infrastructure and other facilities. Nevertheless, the developers of these private housing schemes often fail to hand over possession to the buyers on the announced date.
Price manipulation
For the past few years, the game of investment starts with the issuance of registration forms of a housing society, then these are converted into files and at later stages plot numbers are given after balloting. Between these processes, a lot of money flows as the investment is not huge and anyone with a few thousand rupees can enter the arena to fetch a handsome return.
Almost in every case, according to experts, the management of a housing society is accused of releasing registration forms or plot files more than the actual number of plots.
The ultimate beneficiaries are the real estate groups and some big investors. They work as a cartel to set high prices for the project’s popularity and at later stages they weaken the market and buy plots at much lower rates to fix the issue of excess files.
Every time this happens, but whenever the same group announces plan for developing another housing society, investors rush again to buy the property and the same old story is repeated. Perhaps, they have not many investment choices available.
Experts say there is a dire need to regulate and document the real estate market and put in place a strong check and balance mechanism as investor’s numbers are increasing due to rapid urbanization. Only strict rules and an independent authority could put a check on such developers in order to force them to deliver what they have promised.
These measures will help in limiting the unexpected hike in land prices and slowly turn this scattered but an important segment of the economy into an organized sector. This will also help in boosting investor confidence and once things are streamlined, real estate could prove to be one of the most lucrative sectors both for investors and the government.
Real estate: Strict regulation of market need of the hour
Saturday, 18 April 2020
Lahore: Pakistan’s real estate market is developing with every passing day. The emergence of new real estate groups is changing the investment trend from long to short term. Though many cautious investors park their money in the construction of housing units or simply purchase completely built units to rent them out for income generation, still
- Published in News
Pakistan’s valiant real estate market
LAHORE:
Pakistan’s real estate market tends to ignore broad scale macroeconomic indicators, posting growth even as foreign direct investment falls or infrastructure spending remains stingy.
Data from an online property portal, Zameen.com, shows the country’s property market has posted a phenomenal growth of 118% in the last five years. This high growth rate can be attributed to robust demand from seasonal investors, genuine buyers and an overwhelmingly better security situation.
Karachi:
Karachi has led the way in terms of growth with the strongest figures coming from the port city’s residential plots. In Karachi, an average residential plot price in January 2011 was at Rs2, 276 per square feet but amounted to Rs8,089 by January 2016. The city posted a growth of 255% in the last five years.
Lahore’s case is not that different. Data revealed that average prices of residential plots have observed a 149% growth in the last five years. Average price in the city soared to Rs3,339 per square feet in January 2016 from Rs1,336 in January 2011.
The country’s capital city also posted an average growth of 143% in residential plots, where prices reached Rs2, 699 per square feet in January 2016 from Rs1,108 per square feet in January 2011.
Zameen.com Chief Executive Officer Zeeshan Ali Khan said that it is likely that the growth trend will continue due to increasing urbanisation and demand for housing.
“Pakistan’s economy is expected to grow and with the China Pakistan Economic Corridor (CPEC) coming up additional opportunities for the economy will open including the real estate sector.”
Khan said that the effect of CPEC is already evident in Gwadar, where average property prices have risen up to 70%. In some areas of Gwadar, a growth of around 200% has been recorded over the last few years, said Khan.
While many real estate experts believe that prices have reached a peak and a downfall is imminent, Khan said the slide is unlikely. “Majority of the dealings are carried out in cash and there is less dependence on mortgage loan facilities. The market remains a safe bet.
“There is little or no concept of mortgage finances in Pakistan to buy land or a housing unit. We mostly deal in cash. Hence, in stagnant markets, people have the much-needed holding power.”
Pakistan’s valiant real estate market
Saturday, 18 April 2020
LAHORE: Pakistan’s real estate market tends to ignore broad scale macroeconomic indicators, posting growth even as foreign direct investment falls or infrastructure spending remains stingy. Data from an online property portal, Zameen.com, shows the country’s property market has posted a phenomenal growth of 118% in the last five years. This high growth rate can be
- Published in News
Pakistan’s property market awaits chance for an upturn
New government and its economic reforms could bring about that reason to cheer
Dubai
A crippling currency decline and a worsening economy were not able to crimp Pakistan’s property market in the last 18 months. Now, with the political situation having cleared up with a new government in power, developers are building up some great expectations on the sector’s performance.
“Developers for the most part have remained aggressive with their launches, not only in the major cities but in Tier 2 areas of Hyderabad, Peshawar and Quetta as well,” said Furqan Hussain, who heads Quice Industries. “This trend is expected to continue because the depth of demand is clearly self-evident.” The developer currently has three projects in Karachi City, and is exploring the possibility of making an appearance in Islamabad within the next two three years.
Hussain’s optimism would have seemed misplaced just six months ago. At the time, the rupee seemed locked into a spiral, and had dropped more than 20 per cent since January 2017. (A dollar gets Rs124.12 based on the Friday exchange rate.)
There was constant chatter about the need for some sort of help from the International Monetary Fund to prop up a fast deteriorating situation.
But the recent elections and Imran Khan’s step up as Prime Minister seem to have brought the economy some breathing space. In the real estate space, developers say there aren’t any overt concerns about high supply getting caught out by muted demand.
Zeeshan Zaki, Director at Saima Builders, said, “Demand for offplan remains robust in Karachi and that’s across all income strata. We have not experienced an adverse slowdown despite the political climate prior to the elections.
“With regards to our immediate plans, we see no change to our pace of launches. In fact, we feel the pace might even increase given the optimism over the new government’s policies.”
Will non-resident Pakistanis come through in sizeable numbers? According to Hussain, apart from at the top end of the residential market, expect investment flow into Pakistan real estate hasn’t exactly being seeing a surge.
According to Sameer Lakhani, Managing Director at the consultancy Global Capital Partners, “Real estate values did remained muted over the last year — but this is not the same as saying demand is projected to fall. Pakistan faces an acute housing shortage across all income levels, and housing schemes that have thus far been announced will not fully address this shortage.
“While the overall picture remains optimistic after the elections, market participants are still waiting on the direction of economic policies by the new government and which will set the tone for 2019 and beyond. Should the government provide impetus for the affordable housing push — backed by mortgage reform and the offering of such products by the banking sector — property values can then enter a period of sustained growth.
“This optimism obviously needs to be tempered against the backdrop of rising interest rates, which is always a negative for real estate markets.”
But for the moment, developers are willing to get by on that optimism alone. After all, they have had to get through much worse in the recent past.
Pakistan’s property market awaits chance for an upturn
Saturday, 18 April 2020
New government and its economic reforms could bring about that reason to cheer Dubai A crippling currency decline and a worsening economy were not able to crimp Pakistan’s property market in the last 18 months. Now, with the political situation having cleared up with a new government in power, developers are building up some great
- Published in News
Dubai expects World Expo 2020 to boost sluggish real estate market
Dubai: The World Expo in 2020 has the potential to stimulate Dubai’s downhill real estate market, US credit rating agency Standard and Poor’s (S&P) said Tuesday.
Rents and prices of the real estate market fell 5 percent to 10 percent in 2017 and will continue the trend until 2019, said S&P in its study titled “Dubai’s Real Estate Slump Is Set To Persist, With Only Expo 2020 Offering Any Hope.”
However, how much stimulus the world expo, which will run from October 2020 until April 2021, could provide for Gulf Arab sheikhdom with 2.5 million inhabitants “remains to be seen,” it added.
“In 2020, the sector could well start to benefit from the potential increase in economic activity and positive business sentiment attached to Expo,” the rate agency noted.
Dubai 2018 budget foresees $15.5 bn expenditure ahead of Expo
“The expected 25 million or more visitors and floods of new residents to Dubai should support the market,” it explained.
But it also warned that a speculative surge in prices, devoid of any demand and supply mismatch, could be a negative side effect of the boom.
Earlier in January, real global estate service firm JLL said approximately 575,000 new real estate units could enter the market until 2020.
The Expo 2020 venue will be held near Dubai’s newest free zone Dubai South, wedged between Dubai’s free port Jebel Ali and the 2010 opened Al Maktoum International airport, which is poised to become the world’s biggest civil aviation hub once expanded and completed by 2025.
Dubai expects World Expo 2020 to boost sluggish real estate market
Saturday, 18 April 2020
Dubai: The World Expo in 2020 has the potential to stimulate Dubai’s downhill real estate market, US credit rating agency Standard and Poor’s (S&P) said Tuesday. Rents and prices of the real estate market fell 5 percent to 10 percent in 2017 and will continue the trend until 2019, said S&P in its study titled “Dubai’s Real Estate Slump
- Published in News
Market insights: Property Investment in Pakistan – Stay Ahead of the Markets
Purchasing a home (whether a house or an apartment) is widely considered a secure and profitable form of investment. And in Pakistan’s case, there is more truth to this statement than meets the eye. A distinctive feature of the country’s real estate sector is that it hits record highs and lows over a relatively short period of a few years. At times of bullish trends in the market, the sector attains unprecedented growth levels of over 10%. In sharp contrast, the realty industry in most other parts of the world follows a more steady growth pattern.
The State Bank of Pakistan (SBP), in its report on ‘The State of Pakistan’s Economy’, recently noted that the combined contribution of the construction and housing sectors “has been consistently higher than nine-percent over the past decade”. The document further mentioned that the real estate industry stimulates activities in other affiliated sectors of the national economy – such as cement, wood, steel, bricks, and cables.
Unprecedented Growth Trends – Leading to High Investment Returns
The central bank also cites data on concurrent market prices in the same report. Since 2011, according to estimates, the prices of plots in Pakistan have nearly tripled, whereas house prices have surged by 139%. Experts identify this market dynamic as having been fuelled by intensive speculation. They say that investors in Pakistan treat real estate as a commodity: property is purchased in bulk, and later sold for higher gains.
Such activities are no longer limited to the mainstream urban centers. Gated communities, for instance, are increasingly gaining traction in the smaller cities, as opposed to their somewhat slower entrenchment in major metropolises like Lahore, Karachi and Islamabad. These large-city locations have almost reached saturation levels concerning their land availability for new projects. A large number of builders and developers have also opted for apartments and mixed-development situated in the suburbs of these cities.
In documenting these trends, local property experts think that increased levels of urbanization and migration have resulted in the development of second-tier city centers. They also see no merit in the perception that the residential and commercial projects in these areas are affected by low consumer demand. Instead, they contend that the residents of smaller cities have a lot of buying power and affluence – owing to a flourishing agrarian economy that works to keep their pockets full.
Exorbitant Profits are ‘in for the taking’
When questioned on why real estate is considered to be the most attractive form of investment in the country, property market gurus refer to it as being a staple mode of securing hard-earned money that yields both short-term and long-term gains. Investors, further, have the option to choose from plots, houses, farmhouses, and apartments; some of the safest kinds of securities on offer.
A good way to sift through these choices (as many locals have learned by now) is to make use of one of the many online platforms that have recently emerged in the country’s web-scape – all targeted at cashing-in on some part of the real estate pie. Some, such as the recently launched feeta.pk, work by providing free access to dynamic property listings (considered ready for the taking). Others are organized more along the lines of a conventional brick ‘n’ mortar real estate brokerage – where you first have to go through a ‘middle man’ to connect with your preferred property option.
Market insights: Property Investment in Pakistan – Stay Ahead of the Markets
Friday, 17 April 2020
Purchasing a home (whether a house or an apartment) is widely considered a secure and profitable form of investment. And in Pakistan’s case, there is more truth to this statement than meets the eye. A distinctive feature of the country’s real estate sector is that it hits record highs and lows over a relatively short
- Published in News, Tips & Advice, Trends
Prospects & Challenges in 2020 and CPEC
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.
Prospects & Challenges in 2020 and CPEC
Friday, 17 April 2020
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
Property prices and forecast of real estate Pakistan 2020
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;
- Residential grounds
- Agricultural grounds
- Industrial grounds
- Commercial grounds
- Government grounds
- 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.
Property prices and forecast of real estate Pakistan 2020
Friday, 17 April 2020
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
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 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;
- Residential grounds
- Agricultural grounds
- Industrial grounds
- Commercial grounds
- Government grounds
- 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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Future of Real State of Pakistan
Friday, 17 April 2020
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
Incentive-package for construction industry by the Government of Pakistan
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.
Incentive-package for construction industry by the Government of Pakistan
Friday, 17 April 2020
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