House Builders In Pakistan

 “Real Estate is the fastest growing sector of Pakistan which directly contributes to the growth and development of an economy”

There is a huge opportunity in the real estate sector of Pakistan as the demand continues to grow in the near future. People are now more conscious to ameliorate their living standard thus the demand for residential properties tends to expand, which overall give rise to the real estate sector. The increase in the number of population and the benefits given by GOP for house financing are also some key factors for the expansion in the real estate sector.

 No doubt about the fact that real estate market is considered to be profitable in the long run due to multiple opportunities coming this way. This sector is instrumental to the GDP growth of the economy. It also contributes to a major chunk of employment opportunities in the country. It is a broad category which is not restricted to buying and selling of land only. This sector has strengthen and gained significant importance in the past few years. The real estate is considered to be the less volatile market as compared commercial building construction cost to stock market. Therefore it ensures safe and secure investment to the investors, although the liquidity of the assets are low.

 

THE LEVEL OF TRANSPARENCY

After the establishment of Real Estate Regulatory Authority (RERA) by Government of Pakistan in 2016 the transparency in the real estate sector has increased. This precipitates the investor’s trust and can strength the Real Estate sector by encouraging investments. The regularity body will protect the rights of the realtors and the allottees. The property disputes and other legal matters also fall under RERA so this sector will be managed by separate body now which will attract more investment. The inflow of additional investment will boast up the market.

FACTORS AFFECTING REAL ESATE

There are some elements that generally impact the real estate sector directly such as;

• Changes in government policies
• Illegal property flipping
• Unexpected changes in the prices.

Apart from this the construction industry acts as a key indicator of the performance of real estate sector in Pakistan. It plays a pivotal role to interpret the demand and supply side effect of the properties. Real estate is directly associated with the construction industry and the performance of real estate sector is generally forecasted by the future of construction industry.

ECONOMIC BREAKDOWN

The price of the raw material such as steel and cement has been inflated with high margins which as a result has increased the cost of construction. The adverse price movement of the raw material has influenced the real estate sector to some level. Moreover, after the notice of the Sindh High Court for the demolition of illegal building the overall demand of real estate sector has shrank down in the short run. People are not only holding on the demand but also trying to cash out in order to avoid risk. Another downside risk that can be a threat to the real estate sector is the new variant of the virus. It has created high uncertainty globally. Although, it is assumed that the real estate sector will generate good return and will expand after the economic stability.

 

See More: FUTURE OF REAL ESTATE IN PAKISTAN

BAHRIA TOWN KARACHI

In addition to it the future of real estate sector is also somewhat dependent on the Bahria Town market, which is growing and developing with a fastest rate and ensuring high standard of living to the people. The changing landscape of real estate sector is highly influenced by the Bahria Town market. It will bring forward multiple opportunities and will be profitable in the future for the investors. The overall value of this market is increasing day by day. Hence it can give high returns to the investors. This will have positive impact on real estate and will help this sector to flourish further in the upcoming years.

CRUX OF THE ISSUE

In conclusion it is anticipated that there is a huge margin of growth in the real estate sector as it is in the phase of development. The technological advancement and overall changing landscape of the real estate sector will uplift the graph of real estate in the upcoming years.

For top-notch real estate, consultancy gets in touch with Redbox Team. Red box Sales team can help you assist with any sort of floor plan query you may have regarding investment in house builders in pakistan . You can visit our office or can contact us through a live chat. We are pleased to solve any query of your for you.

If you have any real estate questions, please contact Red Box, A Real Estate Company, for more information. Our other articles might help you stay up to date on current events.

Reference: How To Increase Your Home Value And Save Money |Syed Brothers