Posts

, , , ,

Real Estate

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.  

Residential Sector  

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.  

Commercial Sector  

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.  

Industrial Sector  

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 
  • Africa 

  

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 

  • Karachi 
  • Lahore 
  • Islamabad 

Karachi 

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 
  • Gulistan-e-Johar 

Scheme 33 

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. 

 

Lahore 

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 

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 info@princetonfarms.com.pk . 

 Islamabad 

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. 

 

/0 Comments/by

Top 3 Problems faced by overseas investors

Pakistan’s real estate industry contributes a large part in the overall economy. And it is one of the sectors that generate the most jobs and wealth in the economy. Even though the real estate industry is a stable sector to invest in, but the economic and political instability have made the investment in this sector a lot more challenging.

There are many challenges in the industry over the years faced by the investors. The world hasn’t been able to heal from the covid destruction. The hit by the virus has played a great part in the overall instability of the real estate industry.

Over-Regulation

One of the main reasons, why the real estate investment is obliterating is the high taxes on the investments. After the taxes imposed by the government over the years the whole sector investment is shrinking. Ban on non-filers and other FBR restrictions have discouraged the investors and due to this phenomenon, the real estate industry is crumbling, and it is in a volatile state.

The high taxes and strict regulations make it harder for the overseas Pakistanis to invest the industry, which is not a good indicator for our society and economy. Too many formalities and strict regulation for overseas investors is never a good thing. They don’t get high returns in profit causing them to divert the investment to other countries with a stable and developed economy. The infrastructure of Pakistan is also weak hence causing the distrust in the investors regarding the investment.

Fast Changing Policies

There has been a lot of economical changes since 2017 and the recession regime in 2018, causing a lot of economical, industrial, and political issues. These issues caused lack of confidence and changes in the real estate policies. The fast-changing policies makes the investors lose trust and confidence in any investment. Especially for overseas Pakistani who are not even in the country to adjust with the pace.

So usually, the investors start backing out and it causes a strain on the economy of Pakistan. During the online surveys it was found out that most overseas Pakistani are interested in investing in Pakistan especially in the real estate industry. But Pakistan’s rank out of the 129 countries have decreased a lot. Due to the economic pressure, changes in the policy and the strict regulation the overseas investors pull their investment form Pakistan and divert them elsewhere.

Safety of investment

One of the prime concerns for the overseas investors is the safety of their investment and are the development speedy or not. Are the developers trustworthy? And what kind of plans the will be following and how they align the guidelines provided by the government of Pakistan.

There have been a lot of fraud investments and in most cases the investment is not even recovered. Due to these obvious reasons, the overseas investors are hesitant to put their money in Pakistan’s real estate industry. The projects have good plans and yet they are never complete making it easier for investors to lose their money rather than earning safe profits.

The assurance and security of the investment is important to any investor. The government is taking more initiatives to help overseas investors invest in Pakistan without having to worry about how it is going to work and whether they will receive any profit on it.

Some of the great options to invest in Pakistan real estate sector is to invest in development started by the governmental bodies that are authorized and have a high completion rate. Such as Smart city overseas block (Islamabad and Lahore), Bahria Karachi Overseas block, Princeton Farms Barki road Lahore etc.

Government is taking steps to ensure that your investment is safe and to bring in the market and cash flow in Pakistan to stabilize the economy.

/0 Comments/by