Arab Today, arab today pakistan’s real estate market recovers
Last Updated : GMT 18:42:31
Arab Today, arab today
Arab Today, arab today

Pakistan’s real estate market recovers

Arab Today, arab today

Arab Today, arab today Pakistan’s real estate market recovers

Islamabad - Arabstoday

The real estate market, after experiencing waning interest of investors over the last few years, is picking up again. Fresh investment is flowing in from both local and overseas Pakistanis, in residential as well as commercial segments. According to the Association of Builders and Developers (ABAD), its members have initiated more than two dozen residential-cum-commercial projects in 2011 in Karachi alone. Leading builders and land developers say that three things are fuelling fresh investment in real estate and construction industry. Overseas Pakistanis are hedging against the risks to growth in their incomes by making investment in the real estate back home, explains one of the partners of a famous group of land developers and builders. But more importantly, an enterprising middle class that flourished during low economic growth period of last four years has also realised that by investing in the real estate in the current high-inflation period it would be a gainer in the coming years. Besides, stable prices of land and properties are at the root of all fresh investment from households and from business class. With an estimated requirement of more than eight million housing units across the country, big groups of land developers and construction companies have no problem about the demand. The issue is timing and these groups believe the time may have come for a rebound in land and property market. “As soon as we came up with our residential-cum-commercial housing scheme in Gulshan-e-Iqbal, our offices were chocked with interested parties” said owner of a relatively new construction company who is building a multi-storeyed plaza at Gulshan Chowrangi in Karachi. A few kilometres away in North Karachi industrial zone, an entire textile mill building has been demolished to pave way for construction of a high-rise commercial plaza. A big cement manufacturing company which initiated the scheme has already hired staff for initial ground work, employees at the project told. The New Nazimabad housing scheme (closer to North Nazimabad in Karachi), for low and middle-income people announced a couple of months ago, is also said to be progressing well.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan’s real estate market recovers Arab Today, arab today pakistan’s real estate market recovers

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday