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Real Estate Business in Pakistan

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Real Estate is a property consisting of land and the buildings on it, along with its natural resources. The business of real estate is the profession of buying, selling, or renting land, buildings, or housing. Real Estate in Pakistan is a growing sector of the economy and Pakistan spends approximately $5.2 billion on construction in a year.

According to the Pakistan Bureau of Statistics, construction output accounts for almost 2% to the GDP of Pakistan with housing representing less than half of that total. Real Estate Agents are playing an important part in the economic development of the country.

Due to the increase in population and the need for urbanization the demand for residential properties in Pakistan began to grow, leading to more people being interested in this particular sector and investing in it. The increase in demand is the reason why Pakistan is home to Asia’s largest real estate investors.

Most of the revenue generated from the real estate business in Pakistan is accumulated from within and overseas Pakistan. The Real Estate sector has not yet delved more into the new marketing and technological advances taking over the world. Currently, there is not even one housing society in Pakistan which has an office overseas. 

The government of Pakistan has taken several steps to ensure that the real estate business in Pakistan continues to advance by introducing awareness campaign through various methods to help the people understand the different terminologies of the real estate business and to help them solve the issues they face in the business.

Another step in the development of this sector is the introduction of festivals and expos. These festivals are not only a platform for people to buy and sell but an opportunity for them to learn about the market and get awareness about the real estate industry.

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Gwadar Golf City

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Gwadar Golf City is a project by BSM Developers owned by the grandson of Malik Riaz, Bilal Malik. Gwadar Golf City is an exclusive housing scheme and the CEO proudly aims to turn Gwadar sand into Gold.

It is located at the prime location of the main coastal highway in Mouza Paleri adjacent to Jinnah Avenue and close to the new Cantonment Area as per the upcoming revised GDA Master Plan. Gwadar Golf City is the only irrigated green are of Gwadar.

It offers its residents an option to choose from 5, 8, and 10 marla along with 1 and 2 kanal residential plots. It offers a 10% discount on full payment or booking of plots with 30% down payment and the pending amount to be payed in 36 monthly instalments.

The project is aimed at providing its residents with state of the art amenities including Water Filtration Plant, Hospital and Medical Facilities, Gym and Sports Centre, a Zoological Garden, Country Club, 24 Hours Security, and Patrolling, 24 Hours Electricity and many more.

Gwadar Golf City is a sophisticated development due to its well-designed infrastructure, outstanding maintenance and management and high standard of amenities.

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BUSINESS

New Lahore City

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Real Estate business in Pakistan has seen a considerable boom and has been a major sector of the economy playing a part in the GDP of Pakistan ever since the development of housing societies has started.

Defence Housing Authority (DHA), Bahria Town, Eden Housing, Emaar Properties (of UAE) and Ghurair-Giga (of UAE) are among the biggest developers of gated communities in Pakistan. In addition to major Pakistani cities of Karachi, Lahore and Islamabad, new gated communities are being developed in second and third-tier cities as well. Recently, Bahria Town announced its newest development of a gated community in Nawabshah, a city of just over a million residents in southern Sindh province.

The rise of gated communities is due to the fact that people think that gated communities provide them with greater security and better living standards. It has become a sort of competition amongst community owners to provide their clients with the best of resources and facilities. New societies not only contain residential plots amongst their gates but also commercial plots, parks, schools, mosques, and various other things.

At the lead of the competition is undoubtedly one of Zaitoon Groups project the New Lahore City. It is not only located at one of the prime, sought after locations of Lahore but it also provides its clients with a variety of options to choose from. People can choose between an option of  5 and 10 marla residential plots or they can opt to choose a commercial plot of 4 marlas. They have choices to choose from in their method of payment and the duration during which they have to make the payment. New Lahore City provides its residents with the best schools of Lahore right inside the society along with recreational facilities and all other things that one requires in a city. It has created a whole other world inside its society one that is safe and secure due to which it is loved by everyone and the go-to option for most people.

New Lahore City is changing the dynamic of the real estate business of gated societies.

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BUSINESS

Agriculture in Pakistan

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Agriculture is the process of cultivation of land or soil for production purposes. Agriculture plays a very vital role in the economy of Pakistan and its development. About 25% of Pakistan’s agriculture accounts for about 21% of GDP and employs about 43% of the labor force. About 70% of the population is dependent on agriculture directly or indirectly.  Its contribution towards GDP is higher than the  contribution of any other sector.

The main agricultural products are cotton, wheat, rice, sugarcane, fruits, and vegetables, in addition to milk, beef, mutton, and eggs. Pakistan depends on one of the world’s largest irrigation systems to support production. There are 2 principal seasons. Cotton, rice, and sugarcane are produced during the kharif season, which lasts from May to November. Wheat is the major rabi crop, which extends from November to April.

Much of the Pakistan’s agriculture output is utilized by the country’s growing processed-food industry. According to the Economic Survey of Pakistan, the livestock sector contributes about half of the value added in the agriculture sector, amounting to nearly 11 per cent of Pakistan’s GDP, which is more than the crop sector.

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