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.
- 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
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.
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.
Advantages and Disadvantages of Buying a House with Swimming Pool
Doesn’t it sound mesmerizing already to have a pool in your house? Yes, it probably is!
In terms of having a pool in one’s house would change the entire look of it. Firstly, adds attractiveness and secondly, doubles the value of the house. Nevertheless, we will be discussing both, whether you opt for a house with a pool or solely install it as per your choice.
Well, If you admire the beauty while adding something exquisite inside, you are supposed to put in a Swimming pool. However, you must be aware of its pros and cons whenever likely to choose any one of those options right? Put your worries aside as you have our back always. Stay on this blog to clarify all the queries you’ve right inside your mind.
Plenty of benefits is what we wish for and few of them are to be discussed, shall we move forward? Yes of course we should get going, so here you go!
- Provides amusing environment
- Adds value to the home
- Source of entertainment
- Less expensive
- Soul Pleasing
- Gives off Aesthetic look
Provides Amusing Environment
Although, there’s nothing fresh than having a pool in your house. If you are fun-loving then this is where you get to enjoy or solely throw the party or even celebrate any sort of event. The nourishing atmosphere is mandatory to freshen up mood swings so does it basically meant to give. However, get yourself one in order to create an astonishing environment throughout.
Adds Value to the Home
The value of home automatically increases just by having a beautiful pool in the house. Apparently, it gives off exquisite vibes and if you keep it clean, it’d turn out to be more attractive. Secondly, purchasers are more prone to be captivated when it comes to selling and purposes.
Source of Entertainment
Though as a matter of fact, swimming is considered as a source of entertainment. Therefore, you are required to buy a house having a pool in it or solely install it to get a kick out of frustrations. The major benefit is that pool parties are not only meant to enjoy in summer but winter also, depending upon how one manages to present.
Installation depends upon the type you are willing to have. Now, the time has changed, and installing becomes affordable yet reliable. There are two proper ways; above-ground and on-ground. Do you want it done within expenses? If yes, then you’re all set to install the above-ground pool as on-ground pools are highly expensive. But at the same time, the in-ground pool is of great significance and adds more value to the home. So, choose wisely!
Swimming is a good exercise, not only exercise but you can please your soul just by sitting there or read books. It is not always mandatory to swim in it, also cooling off a person’s tiredness and mood swings is what it is likely to do. As water itself is a calming substance, therefore, you can sit back and easily generate the fun out and about.
Gives off Aesthetic Look
You can barely decorate that specific area with fairy lights so that it can give off Aesthetic vibes at night and in the morning as well. Some people do install a swimming pool just to provide a look at their yard, they don’t swim in it as it is not easy to change the water every day. Moreover, this is the most perfect thing for leisure time.
Following are some of the cons you must be fully aware of before installing one:
- Decrease the value of Market
- Maintenance Budget
- A full Responsibility
- Potential Hazard
- Loss of Backyard Space
Decrease the Value of Market
Apparently, not everybody wants a pool in their house due to the expenses and the second most important thing is the safety; of you have pets or kids then the idea of pool is no way near admirable. Furthermore, it can decrease the value of the market as having a pool is less common and require maintenance plus cleaning it becomes mandatory.
You might like the pool but you will definitely not like the cost of having a pool in your house. Especially if you’re tight on your budget plan, having a pool on your property seems like not such a great idea. As the cost of maintenance of the pool is not just limited to its installation. We admit that pools do give a soothing calming effect to the decorum of the house. But what’s the use of it when you will be needing calm because of the pool. The maintenance budget that comes along with the installation of a pool within the house sometimes becomes a heavy job to the pocket. Well obviously! this is a swimming pool that we are talking about not a mug full of water.
A full Responsibility
The pool you usually see in pictures or in the movies or in various kinds of magazines looks Serene and majestic. The key to that is the high amount of attention paid by the landlords in keeping the pool well maintained. This is not a child’s play but a full grown-up Responsibility. The pool needs to be properly cleaned on a daily basis. It requires to be treated with some special sanitary chemicals that prevent various microorganisms such as bacteria and algae from growing inside or on the surface of the water. There’s the option of hiring someone and ket they do the cool chores but you would be paying them a handsome amount of monthly fee. This cleaning step is so much important that it can never be eliminated and all the parties must spend their time and attention on taking care of the pool.
Swimming pools are no doubt pretty but what you should know is that actually, these are pretty dangerous potential hazards. With all the responsibility, also comes great danger. In case if the pools are not kept properly clean, a number of different types of germs and Bacteria would accumulate the waters. Not online those but the algae will also start to grow in the dirty stagnant water. Doesn’t matter how much amount of chlorine you use to keep the waters clean, you’ll have to change the pool water by emptying the pool once a day. Besides that, if you have small children in your family, then it would be best for you to opt against the swimming pool. As you never want to risk your toddlers’ life just in case. The pool not only threatens the lives of children but it could be anyone. Irrespective of the fact that you can swim or not, drawing into the pool would be not a very nice way to say goodbye to the world.
Loss Of Backyard Space
Having a swimming pool might seem like a good idea but you should also take into account the various aspects of having a pool within the house. This also includes the space occupied by the pool. Having a pool in the backyard means no more backyard space which in turn means no space for playing sports. No more backyard treehouse for your children and no more area to hold a little outdoor tea party with your friends. You would not be able to pet animals that you may like or your kids cannot invite their friends over to play in the backyard be there won’t be any free backyard space.
Long story short, a pool can really consume that valuable backyard space that can be used to perform numerous different activities that may be more important to you than having a swimming pool. Contact us for further queries and details.
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!
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.
You can solely get an apartment consisting of 2 bedrooms in PKR 1 crore, which means less costly than a single bedroom flat.
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.
You can easily find a 2-bedroom apartment in Khayaban-e-Bahria in PKR 84 Lakh. Convenience is what it offers for the residents.
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
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.
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:
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.
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.
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!
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.
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.
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 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 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!
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:
➢ Defence Housing Authority
➢ Scheme 33
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 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
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
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
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
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 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.
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!
1-Kanal House Construction Cost (A-category)
Do you want to construct a 1-Kanal house but unaware of the cost and procedure? Consider this the right place where all the queries will be answered of yours.
Before proceeding ahead, you must know that the premium societies of Pakistan are among those famous societies where 1-Kanal House is considered one of the grand homes. The outrage will depend upon the good quality materials you are using and moreover, the price of grey structure and after that could be affordable or not. The house can be more prone to fall in A-category as most of the people do not compromise in material, fixtures, and designs as well. However, they are being built under such circumstances.
First things first! Whenever the idea of construction pops up in one’s mind, that individual would probably think about the grey structure first. As construction required two distinct phases; grey structure and finishing phase (after grey structure). We will be discussing both the processes right here in this blog solely to make stuff quite easy for you.
Total Covered Area
Apparently, the part of the debate is the total cost of the 1-Kanal house but before that, you have a know-how of the cost per square foot. Hinging on the double story which is specified to 6,190 sq ft. one story out of two requires 3,225 sq ft. 5 rooms are attached along with bathrooms, 2 living rooms, 1 drawing, and dining room, 2 kitchens, and a lawn is also included.
The price of construction doesn’t include the price of a property, fees of an architecture, map-approval, and meter for electricity, gas, and connection of water. Furthermore, the cost of tube lights, fans, appliances, and switchboards is also excluded.
Let’s dive in to get the idea of each and every material to be used in grey structure and finishing framework.
Approximated Construction Cost of Grey Structure
Grey structure is known as an initial structure that ends after completing half of the house. It is built under the supervision of contractor, also constructed as planned. You might want to know the material used in first half of construction and the cost of material per square foot, we have got you covered.
- Gravel (Bajri)
- Sand (Ravi or Chennab)
- Rebar (Sarya)
You can opt for any one of them; if you go for bricks then you must be aware of the market rate which is 10,000 PKR for 1000 bricks (10 PKR per brick), So the estimated total for the required bricks for 1-Kanal House would be 125,000 that means (125,000 x 10 = 1,250,000 PKR).
If you opt for block, then the required market rate is 12,500 PKR for 1000 blocks (12.5 PKR per block), the approximation of blocks for building 1-Kanal House is 135,000 that means (135,000 x 12.5 = 1,687,500 PKR)
Total Cost of Bricks = 1,250,000 PKR
Total Cost of Blocks = 1,687,500 PKR
The second name for gravel is Bajri, the leftover bricks are crushed into smaller pieces to form Bajri. So, for constructing 1-Kanal House, the expected amount of gravel is 2,200 cubic feet for a double story house to form the beds for floors. The market rate for Margalla Gravel per cubic feet is 70 PKR which means (2,200 x 70 = 154,000 PKR). If you are opting for Margalla gravel then here is the total cost.
Total Cost of Gravel = 154,000 PKR
Sand (Ravi or Chennab)
The rates do change each year depending upon the budget of construction. So, whenever you plan to build a house, there are two kinds of sands required to set up the framework of a house; Sand of Chennab that comes from river Chennab, and Sand of Ravi that comes from the river Ravi. For establishing 1-Kanal House, the total requirement for Ravi sand is 5,250 cubic feet at a pace of 20 PKR which means (5,250 x 20 = 105,000).
Out of both of these sands, Chennab is of good quality and slightly expensive than Ravi sand. So the maximum requirement of this sand is less than that of Ravi, however, 2,100 cubic feet for a 1-Kanal house at a pace of 35 PKR that means (2,100 x 35 = 73,500).
Total Cost of Ravi = 105,000
Total Cost of Chennab = 73,500
For the construction and purposes at least 1,600 bags of cement are required. Plenty of companies in Pakistan claim that the quality of their product is the best, but for a matter of fact, almost all of them provide the same quality as the rate is slightly the same. Per bag of cement costs 550 PKR that means (1,600 x 550 = 880,000).
Total Cost of Cement = 880,000 PKR
Rebar is also known as Sarya which works as a strength in the unit. The requirement is in tons for a 1-Kanal house, and around 9 tons are necessary. The market rate per ton of new Rebar is 150,000 and for the old, 90,000 per ton. It sums up to a total 1,350,000 PKR new Rebar is required for construction and on the other hand, a total of 810,000 PKR old Rebar is the requirement.
Total Cost of New Rebar = 1,350,000 PKR
Total Cost of Old Rebar = 810,000 PKR
Estimated Construction Cost for Finishing Phase
After the completion of the first half of construction (grey structure), the second half begins, let’s call it the finishing phase. This phase consists of installing pipes for sewerage, plumbing, and wiring as well. Anyhow, the pipes are laid through the walls for the wiring of electricity and plumbing. Pipes for sewerage and purposes are laid beneath the floor beds. This phase completes in 2 processes;
- Piping, Plumbing, wiring, and Pseudo ceiling
- Paint, Flooring, and Wood work
Piping, Plumbing, and Wiring
If you want to make things easy and long-lasting then piping for plumbing and wiring for electricity should be of good quality. For wiring, PVC (polyvinyl Chloride) pipes are used and plumbing turkplast is used. The pipes for gas connections are different though good material pipes are required in both cases.
Meanwhile, electrical wiring requires an expert’s help because only they would know the criteria for distributing proper electricity throughout, in addition, the wiring used for electricity must be reliable. Two kinds of wire need to be discussed; 3/29 solely for low voltage supply and for high voltage supply, 7/29 is used. The included cost for wiring, labor, sockets, and coils will be given altogether.
The Total cost of Piping = 800,000 PKR
Wiring and Plumbing = 410,000 PKR
Paint, Flooring, and Woodwork
Yes, you are all done with the 80-85% construction and the only thing left is finishing. Before painting, the walls are plastered to fill unusual holes and gaps in between. Painting along with the material and labor as well would cost equally. Flooring begins right after floor beds being laid, now tiles are required for this purpose. Moreover, you can opt for any kind of tiles you want up for the flooring. After flooring comes woodwork which requires readymade doors at least 35 in total for 1-Kanal house and windows, cabinets too, etc.
Cost of Paint = 200,000 PKR – 450,000 PKR
Cost of Labor = 350,000 PKR
Cost of tiles = 1,700,000 PKR – 2,500,000 PKR
Cost of Labor = 96,000 PKR – 288,000 PKR
Cost of woodwork = 110,000 PKR – 115,000 PKR
Constructing a 1-Kanal house is not going to be the easiest task. It requires a handsome amount of money as well as good material for covering both the phases of construction; grey structure and finishing. For grey structure and purposes, you need bricks/blocks, sand (Ravi or Chennab), gravel (Bajri), cement, and Rebar (Sarya). When you are done with a grey structure, the next step is finishing which requires piping, wiring, plumbing, woodwork, and flooring, etc. you can calculate all the expenses and get the construction done for the 1-Kanal house. For further queries and details, contact us.
Pros and Cons 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!
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.
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!
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:
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.
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!
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
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.
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.
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
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.
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.
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
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.
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.
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.
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.
An Expats Guide to Invest in Pakistan Property
Expats are those nationalists of a country that works day and night for their country as well as for saving a better future for their children and family. A huge amount of Pakistanis are also working in other countries and send a large amount in the form of remittances to their motherland. Studies show that overseas Pakistanis sends almost 11.8 billion in the form of remittance if the first 7 months of 2018 from which most of the amount invested in the real estate sector. Real estate proves to be a beneficial sector for many years and that’s the reason that every ex-pat wants to invest in this sector. So here I am ging you some of the expert advice that will help you to secure your hard-earned money and also earned some handsome profit. So if you are an ex-pat and reading all this then believe me you are in the right place. Some of the major guidelines for ex-pats to invest in Pakistan that they must have to acquire are as follows:
Register As a Tax Filer:
The first thing ex-pat must have to do before investing in the real estate sector in Pakistan is to register as a tax filer. As the government of Pakistan also providing a lot of facilities to filers and has tightened the rules for the nonfilers. As you become a tax filer you pay your taxes to the government regularly and registered your purchasing property in the records of government so there are no chances of frauds and also by becoming a tax filer you pay much less in the form of taxes as compared to nonfiler as a nonfiler pays an almost double amount of taxes while purchasing any property. So don’t late anymore and become a tax filer and save your hard-earned money.
Invest In Selected Societies:
One of the most important rules you must have to follow while investing is to check the society owner’s previous record. If you get some benefit in some small private societies in the past then it does not mean that you always get benefit from the private societies. Investing in private colonies or societies is a matter of great risk. But you don’t need to worry anymore as we bring here some of the verified housing societies such as:
Defence Housing Authority: DHA is a long-running and scandal-free housing scheme till the date.DHA launches its new societies every year just like DHA Multan and DHA Karachi are new ever projects in which you can invest.
Bahria Town: Bahria is the second most safe and valuable property to invest in Pakistan. If you are looking for mid and long term investment then Bahria town would be a great place to invest for ex-pats. It is my personal experience regarding investment in Bahria that there is a variety of options when you look to invest in Bahria as there are many blocks where good opportunities waiting for you. Similarly, Wapda Housing Societies and Gawadar Housing Schemes are those societies where ex-pats invest fearlessly and earn good profit.
Go For Long term and Mid Term Investment:
Foreign Pakistanis are those working hard for their country and it’s not always easy for them to come to Pakistan frequently or after every few months. So a suggestion for you that never invest in real estate using short term. Always invest for a longer period that not only gives you maximum profit but also saves your expanses of traveling. Try to invest by keeping in mind 2-5 years that prove to be a golden period for the ex-pats. So avoid the short term and prefer mid-term and long term investing as property buying and selling is a process of full intention.
Bypass Marketing Ploys:
Pakistan is a country where thousands of ex-pats invest in the real estate sector and unfortunately, thousands of scammers take advantage of the lack of interest of ex-pats as they are away from our country and don’t know gimmickries that are popular in our country. If you are investing in some unknown areas or societies that we mentioned above then it would be a safe zone of investment but if you are a risk-taker and want to earn some big then be careful from these frauds. A lot of marketing geniuses in this sector that just see their benefit. But you don’t have to worry anymore as we bring some of the best suggestions for you to remain in a safe zone. All you have to do is to deal through some third party consultant in your deal that gives you a complete analysis of the property, pros, and cons of the location and also provides you a comparison in different properties. So don’t worry anymore and invest in Pakistan with an open heart.
Avoid Investing In Buildings Or Houses:
Another important and valuable suggestion for you while you are going to invest in the real estate sector and also you are an ex-pat than avoid investing in houses or buildings. Yes, you are reading right, if you are thinking to buy a house and want to give it on rent then it proved to be a very bad decision for you. As you buy a house it will cost you much and also as time passes the building gets old and the price of the construction reduces frequently. Also if you give it on rent then you get only 2-3% in return from this investment. So overall the studies and experiments show clearly that investment in housing and building always proves to be a bad decision. If you are thinking to buy a house for you and stay here when you come to Pakistan with your family as most ex-pats buy houses for their stay then it would be a valuable decision for you as well as for your family. So if you are thinking to invest in property and have some fear of loss then no need to worry anymore and follow the above fascinating ideas that prove beneficial and future securing for you and your family.