Pakistan Real Estate Market & Top 3 Housing Schemes
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Real estate is one of the fastest growing industry in Pakistan, generating 2% GDP every year. Pakistan spends around 2 billion US Dollars on real estate and construction annually. After arrival of urbanization, the need for urban planning and management was vastly required. Renowned builders and real estate developers has played an important role in stability of value of residence and commercial properties. Although, due to tax policies, many investors are moving their attention in to foreign opportunities. This has caused a rise in properties’ prices in all major cities.
Real estate market in Pakistan has been experiencing trends over past few years. After 2010, demand for residential properties arose more than ever before. It created a vast interest among real estate developers, investors and constructors. The urbanization, and movement from rural to urban areas has been influencing the demand for residential accommodation. The real estate developers mostly target upper middle class. According to real estate market experts, the arrival of CPEC and its impact will be a rapid rise in the property values along the CPEC route both in urban and rural areas. The future in real estate market is brighter than it was before.
Top 3 popular Real Estate Builders and schemes
1. Defense Housing Authority
Defense Housing Authority is one of the top developing housing scheme in Pakistan. Currently operational in Islamabad, DHA has developing its 5 phases in twins cities of Rawalpindi-Islamabad, after groundbreaking in 1992. DHA is without any doubt is investor’s top priority when it comes to real estate investment. DHA offers impeccable administration and top class infrastructure and luxurious life style. It is currently operational in Islamabad, Lahore and Karachi. DHA has been observing positive trends in recent years because of housing demand. Although, prices differ by phase to phase. The average prices of commercial plots has been increased by 2 to 3 million. While the residential plots have noticed increment in prices by 0.5 to 1 million. Whereas, building a house in DHA costs more than 10 millions, flats and apartments’ prices mostly range from 50-60 lac.
2. Bahria Town
Bahria Town is a Rawalpindi-based privately owned real estate development and construction company. One of the largest private real estate companies in Asia. Bahria Town develops and manages housing schemes by its name in major cities including Rawalpindi, Lahore and Karachi. The company was established in late 1990s and started its operation in Rawalpindi. Bahria town is of an international standard gated community, currently operational in Lahore, Rawalpindi, Karachi and Nawabshah. Bahria town brings a lot of facilities including luxurious lifestyle, international standard infra structure, social security, educational opportunities, hospitals, parks n sports clubs and much more. Trends in Bahria town never have been negative, but prices varies from phase to phase. At most, for 5 Marla plots prices start from 1.6 millions, 10 Marla plots for 5 million and so on, in Rawalpindi phase 1-7 and 8. The construction of houses on 5-10 Marla goes around 50-80 lac. Whereas, apartments and flats cost around 30-50 lac. Looking for buying or selling your property, post free ads on Tags and get an instant response.
As the name speaks for itself, Royal Residencia delivers the royal standards of housing in the New Defense Road in Lahore. It is an ongoing project and offering 4, 6, 8, 12, 20 & 40 Marla plots for commercial and residence purposes. It is one of the top housing schemes in Pakistan due to state of the art, planning, top location and provision of all modern and basic facilities. Royal Residencia offers lavish lifestyle and business opportunities for investors. Prices for plots vary from sizes, 4 Marla plot costs around 35 lac, 6 Marla for 48 lac, 8 Marla for 60 lac, 12 Marla 85 lac and 1 kanal for 12.5 million. Whereas, the houses value starts from 7 million. Commercial plots prices start from 12 million. You can find and post free real estate ads at Tags.