Effect on Real Estate in Covid-19’s Third wave

Effect on real estate in Covid-19's Third wave

Just like other countries across the world, Pakistan is under the severe third wave of the Covid-19. The cases are coming out positive on a very fast pace in all the four provinces of the country once again. Some of the cities facing the severe situations have been under lockdown for the time being with the educational institutes being closed and all commercial activities in these areas have been banned after 6 pm in the wake of the third wave of the coronavirus.  Invest in real estate sector as soon possible to gain huge profits and high ROI.

Effect on real estate in Covid-19’s Third wave

But surprisingly while the whole country is under unstable conditions due to Covid-19, this third wave of Covid-19 has a very positive impact on the real estate property of the country especially of Bahria Town and DHA. In this post, we will discuss the reasons of the appreciation of the prices in the real estate sector of Pakistan in the third wave of Covid-19.

Reasons of the Appreciation of the Prices:

Some of the reasons of appreciation of the prices in real estate properties are listed down.

Amnesty scheme/Naya Pakistan Housing Scheme:

Due to the launch of the amnesty scheme by the Government of Pakistan, the real estate and the construction industry has escalated on a very fast pace. As the tax and the interest rate have been decreased, the affordability of the investors has surged too. These investors have once again started investing in this sector. Not only the previous investors, but real estate sector has witnessed more investors who were previously not investing in real estate or were not investing at all.

Daily Updated Bahria Town Lahore Rates – Updated Prices of Bahria Town Lahore

Due to this the demand of the real estate has increased a lot. New residential societies are popping in every city like mushrooms and are greatly being invested in. This demand has greatly appreciated the prices of the properties of real estate sector. The prices of the properties of Bahria Town and its projects have increased to minimum 1 Lac to maximum 10-15 Lac in just one month only.

Revised Provisions in the Amnesty scheme/Naya Pakistan Housing Scheme:

Recently, the provisions of the amnesty scheme by the Government of Pakistan for the real estate and the construction industry were changed as the previous provisions were not suitable for the people who originally deserved this amnesty scheme. So to facilitate them, the limits and the tiers for categorization were lowered to fit in that population. This opened the gate for more people to invest and make their dream homes.

Daily Updated Bahria Orchard Lahore Rates – Updated Prices of Bahria Orchard Lahore

Less time of the Naya Pakistan Housing Scheme:

The Naya Pakistan Housing Scheme by the current government of Pakistan is only applicable till March 31, 2023. Due to small time window, investors want to make the most of this housing scheme by investing as soon as possible. Due to this restriction, investors are investing now to enjoy the benefits of this housing scheme. Of course, this has increased the prices of the real estate properties across the country.

Income Disclosure for FBR tax Reduction:

The Federal Board of Revenue (FBR) recorded Rs186 billion worth of development projects all over the country, whereas, projects worth Rs116 billion worth of projects have yet to be registered. Projects worth Rs163 billion have already started in Punjab. In addition, development activities have also been initiated in Sindh, KPK, and Balochistan.

Daily Updated Bahria EMC Lahore Rates – Updated Prices of Bahria EMC Lahore

These incentives are expected to generate economic activity worth Rs150 billion in Punjab alone and generate employment by adding 0.25 million jobs across Pakistan.

Taking around 163 projects onboard worth PKR 136 billion and collaborating with the Federal Board of Revenue (FBR), the government announced the fixed tax scheme under the banner of the relief package for the construction industry in Pakistan. The investors of the projects registered with FBR have been given exemption from disclosing their sources of income.

Surge in DHA and Bahria Town Prices:

As the purchasing power of the people and investors has increased, the first priority of the investors is to invest in Bahria Town or DHA. The rates of these two societies have increased all across the country and also effected the rates and prices of other housing societies as well. The areas around the societies of Bahria Town or DHA also have witnessed the increase as well.

Unstable Prices of Gold:

Many people like to invest in Gold as it serves many purposes. But recently, Gold is also facing a very unstable market. The prices of this previous metal can rise up to $2000 per ounce to start drifting downwards very soon. This trend has chased away many investors as they think it is not the time for a secure and safe investment in gold. Their investment in turn is going into the real estate growth in Pakistan.

Stock Markets:

If you don’t have enough information about the shares, how to trade, or what the stock market as a whole, then it is suggested not to invest in the stock market. The market is very volatile and needs decisions in a few seconds whether to sell or buy more shares. This is not a secure and safe investment for many investors who are not willing to take excessive risks.

Daily Updated Bahria Town Karachi Rates – Updated Prices of Bahria Town Karachi

Due to this reason, many people have sold their shares to invest in the real estate market of Pakistan.

Don’t worry and invest in real estate sector as soon possible to gain huge profits and high ROI. To book for any kind of property in Pakistan, contact Pakistan Property Services as soon as possible.

Pakistan Property Services-A reliable name in Real Estate Sector:

Pakistan Property Services evaluates the potential of the real estate projects for its clients in Pakistan and regularly updates them about the ongoing or new trends, new projects and the potential of the old projects that can benefit them lot.

Daily Updated Bahria Nasheman Lahore Rates – Updated Prices of Bahria Nasheman Lahore

Projects of Bahria Town Lahore’s sectors, Bahria Orchard Lahore, Bahria Town Karachi (Bahria Homes, Bahria Paradise, Bahria Paradise Villas, Iqbal Villas, Quaid Villas, Bahria Sports City, Bahria Sports Villas, different precincts, Bahria Farm Houses, Bahria Golf City, Bahria Heights, Bahria Apartments), DHA in all cities of Pakistan, many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the most better decision.

Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project. you can also visit our YouTube channel.

Projects We Deal in:

Many residential and commercial societies in Pakistan are evaluated carefully to help our clients make the better decision. Pakistan Property Services helps the clients invest in projects with good prospects that depend upon the parent company, developers, location, payment plan, amenities they can have in the desired project.

Lahore:

Lahore is the cultural and economic hub as well as the provincial capital of Punjab. The city is well known for its huge economic opportunities in different sectors. People come from different areas to grab these opportunities and have a residence here. Below the list of some of the top Projects in Lahore:

Karachi:

Bahria Town Karachi is a benchmark within the landscape of Karachi with its world-class excellent-planned society. This society is sketched with an area concept to supply outstanding lifestyle facilities to its residents and can introduce new benchmarks of community development in Karachi. Below the list of some of the top Projects in Karachi:

Islamabad:

Islamabad is nestled against the backdrop of the Margalla Hills. It is a modern, planned city with wide tree lined streets, large houses, elegant public buildings and well-organized bazaars. It is however; always under construction to improve transportation or develop new housing areas for its growing population. The walkways are shaded, safe, and separated from the traffic by rows of flame trees, jacaranda and hibiscus. Roses, jasmine and bougainvillea fill the parks, and scenic viewpoints show the city to its advantage. Below the list of some of the top Projects in Islamabad:

Rawalpindi:

Rawalpindi is an important administrative, commercial, and industrial centre. Its industries include locomotive works, gasworks, an oil refinery, sawmills, an iron foundry, a brewery, and cotton, hosiery, and textile mills; it also produces shoes, leather goods, pottery, newsprint, and tents. Below the list of some of the top Projects in Rawalpindi:

Gujranwala:

Gujranwala is a city and capital of Gujranwala Division located in Punjab, Pakistan. It is also known as “City of Wrestlers” and is quite famous for its food. The city is Pakistan’s 5th most-populous metropolitan area, as well as 5th most populous city proper. Below the list of some of the top Projects in Gujranwala:

Multan:

Multan is city of Saints, it is best place to live if you belong to either middle class family, rich family or a poor family. The city is now develop city of Pakistan you can get every life facility here easily at low cast. Multan’s foods are very delicious especially mangoes of Multan are world famous. Below the list of some of the top Projects in Multan:

Bahawalpur:

Bahawalpur lies in the heart of South Punjab and is filled with stories that surround the legacies of Kings, Nawabs and their extravagant lifestyles. Below the list of some of the top Projects in Bahawalpur:

Peshawar:

Peshawar is the capital of the Khyber Pakhtunkhwa province of Pakistan. It is the biggest city of Khyber Pakhtunkhwa and is a relatively prosperous city. It is also a cultural and economic hub of Khyber Pakhtunkhwa. The city is famous for its food and tourism as it is one of the oldest cities of Pakistan with a recorded history that dates back to 539 BC. Below the list of some of the top Projects in Peshawar:

Gwadar:

Gwadar, town and seaport, southwestern Balochistan province, southwestern Pakistan. Located on the sandy Nuh headland that juts southward into the Arabian Sea, the town is an important fishing (sardines and sharks) and trade centre. Below the list of some of the top Projects in Gwadar:

Suggestions:

We can see that the Pakistan Real Estate Forecast 2021 suggests investing more in this market as it promises a huge profit in the coming future. The investors should purchase the properties at a low rate so that they can earn more by selling it once the rates are good enough.

Related Cool Links:

Maps of Societies and Projects in Pakistan:

Maps are the only source to view online high resolution 24 hours updated maps of Housing Societies, Schemes, Towns, Villas and Homes in all over Pakistan. Below the list of maps of some of the top Projects in Pakistan:

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