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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. 

 

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Best Investment opportunities For Overseas Pakistanis

Over the years there has been an increase in the investment opportunities in Pakistan. And these opportunities are open for overseas Pakistanis. To nurture the relation between Pakistan and Overseas Pakistani, the government has established OPF (overseas Pakistani foundation) to assist the Pakistanis that are overseas to make safe investments. This is a beneficial connection for both the overseas Pakistanis and the government. These remittances have a great impact on the country’s development.

Real estate industry

People living outside of Pakistan usually send the money for family support and to invest in Pakistan. One of the most lucrative industry to invest in Pakistan now is the real estate industry. The investment in real estate is one time and if you buy a property its value will appreciate over time. To urge people to invest more in the industry, government is taking initiative and creating more opportunities. Do you want to know about some amazing opportunities to invest in? we have compiled a list of great investment opportunities for the overseas Pakistani.

Bahria Town Karachi Overseas Block

Bahria town developers have a web of very successful projects all over Pakistan. Providing exclusive lifestyle and all the luxuries is one place away from the hustle-bustle of the city. We all are aware of the traffic congestion and the pollution increasing by the day in Karachi. To facilitate the people with a more exclusive and healthier lifestyle, Bahria developers have launched the Karachi Overseas block for the people living abroad. The success of all the bahria projects is the evidence of the amazing investment opportunity for the overseas Pakistani.

Capital Smart City

The overseas capital smart city block is an amazing opportunity for the people living abroad, this project has great potential for high profits and its approved legal by the RDA. This is an opportunity for the overseas Pakistani, with its proximity to the Islamabad International Airport it is located at on one of the prime locations of Islamabad. Pakistan’s first ever smart city that accommodates local and overseas Pakistani. The society have top notch security details and the heighted overseas block provides for the killer view! The city is surrounded by beautiful Khairi Murat hills and the beautiful lakes, making it one of the epic investments you can make.

The other smart city approved by the LDA is in the city of lights. Lahore smart city provides for a lucrative investment opportunity for locals and overseas Pakistani. The society offer the plot cutting of 5 Marla, 10 Marla and 20 Marla and the price difference between the executive and overseas Pakistani is just 10,000 RS. With all the amenities in place this is a great opportunity for investment.

POREF

Pakistan overseas real estate forum is the initiative taken by the government to create more investment opportunities for overseas Pakistani. A forum to accelerate the construction and development operations in the country, benefit the economy and create more jobs for Pakistanis. It is meaningful and a secure investment opportunity. It also gives FBR immunity to the investors, as the government have been taking a lot of real estate projects. With a lot of promotional activities scheduled for future, this will be a secure and profitable investment for you.

If you haven’t thought about investing in the real estate before, you should do it now. In the upcoming year this industry will provide for high profits. This is your chance to invest in your home country for a secure future. While investing in any project, the safety of your investment can be a prime concern. These investments are secure as they are overseen by the governmental bodies and the developers are trustworthy with their amazing records of project completion. Avail these amazing opportunities right now and secure your future and investment.

Food Chains

Food is a love language for the people of Pakistan. All the gatherings are incomplete without different varieties of food. I mean who doesn’t love food? Food chains are very successful in Pakistanis. Making it one of the most lucrative investment in Pakistan. Pakistani enjoy different variety of foods and their taste buds are no joke. That is the reasons that many investments are going to the fast-food industry of Pakistan. It is literally a ‘FAST’ way of earning high profits over the years. If you are interested in this opportunity, then don’t waste a moment and invest in this budding industry.

Invest in Gold

Just like the real estate industry the investment in gold doesn’t require extra investment. It is a one-time investment and whenever the prices of the gold peak, you can easily cash out high profits. You don’t have to sell it right away, it can accumulate more value over time, hence it is a goldmine for the investors. You can acquire the gold when the prices aren’t high, and you can sell it all out when the prices skyrockets! Hence it will be affordable and highly profitable over the years.

Other opportunities

Some of the other amazing options include investing in the sports gears, Pakistan is currently exporting high quality gears to many countries. One of the other opportunities is investing in stocks or bonds. The most amazing new opportunity is the boom in the marriage services. There are many marriage halls being established, making it an amazing opportunity to invest in for high return of profits.

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Characteristics of a good housing society

What makes a good housing society? Are you looking to move into a housing society and don’t know what are the key features a society must have? Well don’t worry we have got your back. This blog will cover all the aspects of a good housing society. You might be wondering why there are some societies that are more popular than others. It is all because of the features and amenities it offers to the customers.

Even while investing, the investors look for developers that have a good completion rate in the past. It ensures the completion of project, and their investment remains safe and secure. A housing society with good characteristics will attract more customers that will bring profit for the investors. So, it is important to know what kind of aspects make a good housing society even if you are an investor, a customer or looking to introduce a new housing scheme.

In this blog we will cover the important features of a good housing society. These features include.

  • Gated community
  • Connectivity and proximity
  • Strong Social infrastructure
  • Eco-friendly and healthy lifestyle
  • Secure and safe environment
  • On-site maintenance
  • Trustworthy developers
  • Authorized
  • Affordable prices and Installment plans

Gated community

One of the most important features of a good housing society is controlled entrances and secure gated perimeters. Security and safety is one of the prime focus while buying a real estate property. That is why gated communities are all the rage in the industry.

But how do they provide us that security? The society is enclosed, by a wall or a fence the perimeter is secured and at high points professional guards are placed to ensure that no one can enter the society without authorization. The main and secondary gates are surveyed 24/7 by the trained guards that make sure that no unauthorized person can enter.

The controlled entrances make sure that only dwellers and approved guests can enter from any point of entry for a secure environment. The gated community don’t just secure you from thieves or petty criminals, it also reduces the traffic and the noise or pollution that comes along with that. By ensuring these measurements are being properly followed, we provide for a safe and peaceful environment where you can be free of worry and your children can grow without fear or worry.

Connectivity and proximity

The next most important aspect while deciding to invest in a housing society is the location. Would you live in a faraway place with unpaved roads in isolation? No right? Because it does not make any sense to buy a property in a place where you cannot get the basic facilities and its situated somewhere deserted and there are no hospitals in sight. And what makes it all worse is there are no paved roads.

Connectivity is a basic human need. We like to stay connected not just to our people but also to the facilities that makes us feel content and secure. For example. Princeton Farms are located 15 minutes’ drive away from the metropolitan Lahore. the perfect distance to enjoy the noise free environment but also able to enjoy the nearby facilities such as the restaurants.

Strong Social Infrastructure

A strong infrastructure and the well-planned society make the other societies bite the dust. This the top characteristics of any good housing society and what sets one apart from others.

A good housing society must have a well-connected network of paved roads, modern architecture with modern facilities, a secure network of underground electric wires, proper sewage system, green belts and parks are some of the features that can set apart a society and put them on top of the list. A well-planned housing society makes sure of a healthy and content lifestyle. And a good housing society provides you with just that!

Eco-friendly and healthy lifestyle

With the alarming increase in the global warming and pollution, it is important for the housing societies to be responsible and make sure that they are introducing a sustainable lifestyle.

Using healthy alternatives such as solar panels for solar powered energy and to plant more trees to ensure a healthy lifestyle is important for any housing societies. Controlling the pollution and reducing the noises lead to a quality lifestyle and makes sure that we are sustaining the environment for the future. While making sure that there is no hindrance in the quality of those facilities. For example, if the society decides to use solar alternatives. They need to make sure that the customers get the proper wattage.

Secure and safe environment

Security is the key for a safe environment. The housing societies need to provide the dwellers with top-notch security details around the clock. 24/7 security surveillance including camera and physical surveillance is vital for a secure housing society. This is what makes your customers feel at ease with their investment and to grow in the society with their family.

Affordable prices and Installment Plans

There can be some housing societies with heavy installments and prices over the roof. So, while looking to buy or invest in any project, research properly and look for project with affordable prices and easy installment plans to not put a financial strain on yourself.

Providing the public with strong infrastructures and state-of-art amenities makes the housings that much difficult to afford. But it is important to keep the prices and installments affordable to attract customers from all backgrounds.

As for the installment plans, they are the fuel for the real estate industry that makes it possible for everybody to afford things that they cant otherwise. Making it somewhat a catalyst for the society. So, it is important to keep installments plans easy to afford and make the payments small.

On-site Maintenance

One of the features that’s sets you apart from others is the fact that you can provide on-site maintenance to your customers. So, whenever they face a problem, they don’t need to look for technicians or plumbers from outside the society and you provide them with the trained individuals to help them in keeping up of their homes. Your customers will feel more at ease with the help that you provide and that will make them stay and have a good experience.

Trustworthy developers

Before buying a real state, property or investing in one, we want to look at the completion rate of the developers to make sure that your investment is safe and that they are going to provide you with everything written in their plans.

The reputation of the developers sets the standards for the housing society, and it is one of the most important things to consider for a safe and profitable investment.

Authorized legally

For a safe investment it is important to make sure that the society you’re looking to invest into is approved by the concerned authority. If the society is not authorized by the concerned authorities, it can a target for investment frauds. So, it is important to make sure that the investment is safe by checking with the legal authorities.

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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.

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