The Pakistan Real Estate Forecast 2021 seems to be going well than many other investment opportunities. The Pakistan real estate forecast 2021 has indicated that it is going to be a year of boom for the real estate market due to many reasons such as huge reduction in property tax for 2021, unstable gold prices, and unstable stock market.
Real Estate Investment Opportunities in Pakistan 2021
The government of Pakistan has lowered the interest rate and announced incentives for the investors and businessmen to mitigate the economic impact of the pandemic. It’s a relief package for the construction industry with the twofold aim of providing employment to daily wage earners, and spurring economic activity.
Many Pakistani citizens and overseas Pakistani’s are investing in the real estate sector making it the more successful sector of the country at the moment. Investment in real estate is being more encouraged than any other sector due to the profits and benefits.
But choosing the right real estate property is also important to make your investment successful. Different factors such as the property’s location, purpose of investment (residential or commercial), and the most important factor, your budget to invest in the property should be evaluated before the actual investment. This can save the investors from a lot of hassles after investing in the wrong project or investing the wrong amount.
Investment Opportunities in Different Pakistani Cities:
Different cities in Pakistan have different investment potential and different return on investment. So evaluating every option is better before making an investment decision. Below are the investment potential of different Pakistani Cities:
Karachi, the city of lights, is the major city of Pakistan and is known for its different investment opportunities and big real estate projects. Karachi has one of the great and better societies and areas that investors can consider for real estate investment in Pakistan. These societies have both residential and commercial sectors in which one can find residential and commercial plots, shops, apartments, villas, homes etc for different types of investment.
Karachi’s main real estate market revolves around Bahria Town Karachi and DHA Karachi. These two societies are the two mega projects featuring many attractive and profitable properties for investment purposes. There is no restriction of the nationality to invest in these two societies. In fact, the management of these societies encourages overseas Pakistani’s to invest in here.
These societies have the best properties for sale in both the residential and commercial categories. These societies also have multipurpose projects like apartments, commercial shops, offices in one project.
The high-rise projects of both Bahria Town and DHA Karachi’s bookings are starting from 2 Lac and increase with the nature of the project, location, area cover etc. In short, we can say that investing in Karachi’s real estate can bring high returns and have huge potential.
Lahore, the city of gardens, is the second biggest city in Pakistan in Pakistan. Lahore real estate has many opportunities to choose from. Many multi-purpose/high-rise projects are launched in Lahore, where you can invest in shops, offices, and apartments etc. Lahore also has a number of societies like Bahria Town, Bahria Orchard, DHA, and many similar societies where the commercial and residential sectors are separate and independent so that residents can live in a serene and peaceful environment.
Lahore has a new but ongoing trend of establishing hotels, cafes, and restaurants based on a special theme like vintage, boho, contemporary etc. which gives the customers a cozy feeling. To make your customers delighted, the rental buildings for these projects need to be altered to some extent. To avoid this, people are buying and investing in their own places to continue their business.
Due to the increasing population of Lahore, the residential space is also decreasing and the trend of apartments is resurfacing. The apartments are less expensive than the plots or the home and are being preferred more for the last 3 years. People want a luxury but affordable place of residence and apartments can fulfill their needs and wants.
For example, in societies like Bahria Town Lahore or DHA Lahore, investing in a plot or house is more expensive than the apartments. A well-developed house of 5 or 10 Marla in a good area will be around 2 to 3 Crore depending upon the materials used and their quality. But the two-bed or three-bedroom apartments in the same area will cost you much less.
So, by investing in apartments, clients not only will have a residential space and much saving left with them but they will be closer to the work too, due to the building being a multipurpose and high-rise project.
The capital city of Pakistan, Islamabad and its twin Rawalpindi are other great cities for investment where investors get high returns on their investments. Residents also are greatly influenced by the beauty and serenity of the city along with high ROI and rental income for their investments. The main residential communities that offer good return on your investment in twin cities are also Bahria Town and DHA.
Islamabad/ Rawalpindi are being given the facility of Ring road due to which the far away projects like Bahria Town, which were neglected at first will be easily accessible for the residents. Ring Road can easily connect Bahria Town with the city centers in just 20-25 minutes’ drive.
DHA and Bahia Town are the considered the most luxurious but on affordable side for not just having residence but also for commercial investment too.
Gwadar, which is going to be the investment hub in the future for Pakistan due to the Ports here, has a wide range of real estate investment opportunities. Many residential societies are being launched in this city after the announcement of CPEC for the last 4-5 years. People who can see the potential of investing here helping in increasing the returns also. The master plan of Gwadar is also finalized and approved. These housing projects have several properties for sale, mostly available in installments.
The CPEC’s Chinese staff’s residence in Gwadar is also increasing the investment here. The city is having a great potential for investment in the long run. Apart from this, one of the beautiful beaches of the world can be found here. Investors who want immediate returns should not invest here as the city is not developed completely. Only long-term investors should prefer Gwadar for investment.
Multan, the city of saints, is also seeing increase in investment in real estate sector. Many residential sector societies are being launched in Multan too. DHA, Buch Villas, Wapda Town, Model Town, Citi Housing etc are best places to invest in Multan for both residential and commercial investments.
People are investing more and more here due to its great returns.
We can see that there are many great real estate sector opportunities in Pakistan for investment in 2021 that can offer huge returns and large profits. Investing in this sector is also beneficial due to the lowered taxes by the government in this year.
Contact Pakistan Property Services for the booking of your property in major cities like Karachi and Lahore. We are the authorized agents for Bahria Town and provide genuine consultations to our clients. You can also visit our YouTube channel for the regular updates for the information about real estate trends, new projects, and the latest developments of old projects.