Articles

Is Real Estate Business Good OR Bad in Pakistan?

by Deal and Deals Leading Real Estate Marketing Agency

The secret behind the majority of the wealthiest individuals and corporations around the globe is real estate investments. Similarly, just as the world is developing, Pakistan is also developing and moving ahead. Hence, Pakistan’s real estate industry is flourishing and blooming just as other industries of Pakistan are.

So now the major question that arises is that is real estate business good or bad in Pakistan?

Here, we’ll be discussing a few points to find out the answer to the major question of whether the real estate business of Pakistan is good or bad. 

As we know that a major part of Pakistan’s economic financials, Pakistan’s real estate business contributes to it a fairly good amount. According to a survey report by the World Bank, Pakistan’s real estate business constitutes up to 60% – 70% of Pakistan’s total wealth. However, due to a global pandemic and other various fiscal and political challenges, Pakistan’s real estate industry was unable to perform at its full potential. Therefore, real estate experts are hopeful that the year 2021 would be highly eventful in terms that Pakistan’s real estate would greatly develop and expand offering greater opportunities to real estate investors of Pakistan.

One of the other factors that also negatively impacted the growth and development of Pakistan’s real estate industry was the improper budgeting due to which the developmental sector immensely suffered, especially the real estate industry.

In spite of all the negative growth, Pakistan’s real estate industry has still thrived excellently. Here are a few perspectives that vividly explains the growth and development of Pakistan’s real estate business.

Tourism

As we know that tourism is considered as the backbone of the economy around the globe. Many international economies have successfully evolved due to increased tourism. Similarly, Pakistan’s economy has also seemed too evolve over the past few years due to increased tourism.

Pakistan’s real estate industry is already booming and considered as the stable real estate industry by overseas Pakistani investors. Therefore, incorporating tourism into the real estate industry would highly benefit and prosper Pakistan’s economy.

With Pakistan’s northern areas being the center of attraction for tourists, a few private housing societies of Pakistan such as Islamabad Capital Smart City, Lahore Park View Villas and Capital Smart City Lahore have now introduced international standard Theme Parks in Pakistan. Due to which the Capital Smart City Lahore Payment Plan has become more reasonable making it the best investment option in Pakistan’s real estate industry.

This idea of incorporating tourism with real estate would not only benefit the real estate industry and its investors but in turn would also immensely support Pakistan’s tourism and economy.

Currently, Habib Rafiq (Pvt.) Limited and Future Development Holdings (Pvt.) Limited, the developers and owners of Islamabad Capital Smart City and Lahore Smart City have signed a contract with Freij World Attraction. This collaboration has now introduced foreign investors in Pakistan paving the way to further globalize Pakistan and its economy.

COVID – 19 Pandemic

Regardless of the global Pandemic of COVID – 19, individuals across Pakistan got keener and eager to invest in more spacious homes. This is because, with all the remote working and online schooling, people realized their needs for more spacious homes, therefore, the areas outside of the city such as Capital Smart City Lahore, Nova City Islamabad and Lahore Park View Villas got more attention as they are currently in their developmental phase, while Capital Smart City Lahore payment plan offers buyers a flexible opportunity of investment while maintaining their budget.

Moreover, residential areas on the outskirts of the main city offer more peace and calm as Lahore Park View Villas location and map is designed to provide a luxurious residential experience while being surrounded by the natural beauty of lush green gardens. Therefore, even with the global pandemic that has caused international economies to collapse, has although slowed down but not entirely stopped Pakistan’s real estate industry from growing and developing.

On a final note, despite all the hardships and challenges Pakistan’s real estate industry has not only been able to successfully thrive, grow and develop even in the midst of a global pandemic. Therefore, real estate experts are hopeful that Pakistan’s real estate business has the potential to further grow in the upcoming future.



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About Deal and Deals Freshman   Leading Real Estate Marketing Agency

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Joined APSense since, October 21st, 2020, From Islamabad, Pakistan.

Created on Jun 10th 2021 01:30. Viewed 86 times.

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