History of Real Estate
The terminology of Real estate was used back in 1800 with reference to sales and purchase of property. So there is no certainty about the origin of this terminology but according to the rumors this terminology was used first time as a result of buying and selling of homes in London.
Origin of Real Estate
Thus talking about the terminology we get to see that it follows the origination from Early Modern English in the year 1660.
Similarly, the two words from Real and Estate have their own unique significance. Here “Real” means actual while “Estate” is derived from French word “Estat” meaning reputation or status.
Similarly a popular writer beautifully explains the beauty of this sector as below.
“Real Estate cannot be lost or stolen nor it cannot be taken away. Purchased with quick analysis. Paid in a fully manner and managed with reasonable care. So, it is one of the safest investments in the world.” (Franklin Roosevelt)
Sectors of Real Estate
There are many sectors of Real Estate. Thus the most considered one’s which are preferred worldwide consist of following.
- Sector of Land
- Residential Sector
- Commercial Sector
- Industrial Sector
Sector of Land
The area which is quite barren and is totally free from any cultivation as well as vegetation is categorized under the sector of land. Many Real Estate developers utilize this piece of land to make it usable for the purpose of buying and selling.
This is one of the most popular sectors of Real Estate. Investment in this sector provides you with some fruitful outcomes.
Specially for residential purposes this sector is one of its kind. Here the residential schemes in the form of plots, apartments as well as residential housing schemes have a lot more to offer.
This sector of commercial aspect consists of shopping malls, offices, parking lots, medical centers as well as hotels.
Here in this sector businesses make use of the commercial sector to a great extent.
In this sector we get to see various opportunities of land for industrial sector. Here the area is utilized for industrial purposes such as Factories, Mechanical productions, industries, factories, transportation as well as Logistics.
So, different sectors serve to add value to this specific sector.
Global position of Real Estate
Globally the analysis linked with the specific sector predicts that this market shows fluctuations with the rapid pace of time.
Global position estimates that this market is expected to grow from 2687 bln USD to 2774 bln USD with the rapid growth of 3.2%.
Regions of Real Estate market
- Asia Pacific
- Western Europe
Asia Pacific was referred to be the largest market of Real Estate which accounts for 40% of the market. So this is the top region when we get to see the best regions for this specific sector
Western Europe is regarded to be the second largest market of Real Estate for the world. The percentage of this market accounts for 24%.
Africa being the smallest real estate market of the world is well known due to its lesser interaction and progress for Real Estate.
Real Estate market in Pakistan
Real estate market in Pakistan shows fluctuations with variations in different cities with their own preferences.
Similarly, the real estate sector is prominent in different cities in their own unique way. But in this article, we will provide you insight into some of the prime cities for real estate in Pakistan.
Cities in Pakistan with a demand for Real Estate
The largest city of Pakistan is a preferable destination for Real Estate. Karachi is the prime location for housing schemes.
Specifications for Real Estate
- Ideal for corporate sector with the area specification of 16 min. Sq ft
- Here there is a wide scope for the sectors like land, residence as well as the industrial ones
Best housing schemes for Real Estate in Karachi 2022
There are countless housing schemes that are functional in Karachi. But in this article, we are providing you with a listing with some best options as below.
- Scheme 33
- Bahria town
- ASF housing scheme
- DHA City Karachi
Currently Scheme 33 is preferred to be the ideal Real Estate location for Karachi. Here the location is ideal due to the facilities nearby like Housing, Commercial sector, educational facilities, Hospital facilities as well as Shopping facilities.
So, for Karachi investors should consider Scheme 33.
It is not only the second largest city of Pakistan but it is preferred by overseas investors for selecting as the best suited option. Due to the better perks of life Lahore is an ideal location for the concept of housing framework in Pakistan.
Specifications for Real Estate
- The area specification for Lahore turns out to be as 8 min. Sq ft
- Prime location to grab the better opportunities of housing schemes
Best housing schemes for Real Estate in Lahore 2022
- Princeton Farms
- Bahria Town
- LDA Avenue
- Kings Town Housing Scheme
- Al-Jalil Garden
Princeton Farms is one of the new housing schemes in Lahore with the concept of exclusive countryside living. Investment in this innovative project provides the investors with a secure investment for future.
So, if this project awakes an interest in you then you can either book a call at +92 42 32803555 or Email at email@example.com .
The capital of Pakistan is the most prominent sector of basic life facilities in Pakistan. Here the housing schemes are in a huge number. Further the better facilities linked with different aspects make Islamabad a successful location to consider.
Specifications for Real Estate
- The specifications for area provide the idea that it is 7 min.Sq ft
- Similarly, the corporate sector is in a high demand here so we get to see the best possible schemes out there
Best housing schemes for Real Estate in Islamabad 2022
- Bahria housing scheme
- Defense housing scheme
- Gulbery housing scheme
- Capital smart city
- Sigma housing scheme
- Faisal town
Bahria housing scheme
The city of Islamabad is preferred by overseas investors due to better infrastructure and various facilities of life.
Similarly, for this obvious reason we get to see Bahria housing scheme as one of the top notched housing schemes for Islamabad.