How Real Estate Contributes To Pakistani Economy

Real estate is an enabler of economic activity; by offering the space for businesses to operate it effectively provides the business infrastructure without which an advanced economy could not operate. Earthlink developer has contribute to progressive real estate through high-quality, modern and innovative multi- storey buildings which contribute to maintaining the country’s reputation as an international trade hub and attract skills and capital from the rest of the world, creating further opportunities. Moreover, hundreds of luxury apartments developed by Earthlink in The Grande projects is not only providing the high standard lifestyle but also giving opportunity for profitable investment and promising high capital gain. Real estate is a source of employment in all sorts of areas; not only for architects, builders and engineers, but also for legal and financial advisors, surveyors, facilities managers and all those that provide for the construction industry. Earthlink Development has generated an innovative employment model for qualified and skilled people in different fields who have transformed the property market by making the best use of technology and information. Moreover, under the expert leadership of Earthlink Developments management real estate is playing a vital role in the provision of hi- tech and modern infrastructure. Real estate can probably not claim to be the magic wand of economic growth, but it is certainly a lever for growth that could be pulled harder.

Pakistan’s real estate market remains the backbone of its economy, with as many as 250 different industries depending upon it. These industries are mostly connected to the construction of real estate projects and include cement, building, timber, steel, sanitary fittings and a range of other businesses. The sector is also the second largest employer within the country, with the first being agriculture. Furthermore, the industry is worth more than 700 billion dollars. In spite of these facts, real estate contributes only 2% to the national GDP.

The question now arises as to why this is the case? Why is Pakistan’s property market not contributing a larger share to the economy and what can be done to improve that? The biggest problem that hinders the growth of the property market of Pakistan is that the process is so complicated and full of loopholes that any seasoned investor has to think thrice before even considering an investment opportunity that sounds too good to be true. While reliable projects are being built and a lot of foreign investment and attention is being garnered by the country, especially since the announcement of the China-Pak Economic Corridor (CPEC), it is not enough. Earthlink Developments is doing great efforts in revolutionizing the property industry that assure investors that the investment they are making is safe, reliable and well-documented.

Real estate in Pakistan is catering to the urbanization problem by providing ample of residential and commercial projects in urban centers. Land scarcity in the three major cities: Karachi, Lahore, and Islamabad have reached an alarming rate. 2017 faced more than 47 % rural to urban migration in Pakistan hence increasing the residential unit’s demands. Land scarcity has influenced developers to start new projects in gated communities in the outskirts of these cities. According to the latest census, the urban population of Pakistan grows by three percent every year. At this rate by 2030, more than half of the citizens of the country will be living in cities. This makes it one of the most rapidly urbanizing countries in the world and with this, come a lot of implications for the economy as a whole and the real estate market in particular. The rapid urbanization means that the way of living and real estate projects have to be adjusted accordingly to accommodate the influx of people from all over the country into major cities like Rawalpindi, Islamabad, Lahore and Karachi. Greater construction work and initiation of new projects in Zone-2 Islamabad across the Sangjani Toll Plaza towards Peshawar Motorway remained in full swing this year.  With New Islamabad International Airport in close proximity, motorway on one side and the GT road on the other, Zone 2 remained the second most valuable investment zone in the city. Gated communities are the hot trend in the housing market. Experts estimate that between 2016 and 2017 investments in gated housing schemes increased by 25 to 30%. Launch of DHA Phase-3 Islamabad, DHA Bahawalpur and development work started plus balloting of plots took place in DHA Multan and Peshawar had been the most pleasant trends in 2017. Inauguration of World Trade Center at DHA Phase-2 Islamabad has changed the fate of G.T road and paved way for new mega projects market in Zone-V of Islamabad.

Pakistan is now primed for foreign investment in real estate. Work has already begun on the $51.5 billion China-Pakistan Economic Corridor and the benefits will flow to the real estate industry. Pakistani real estate has seen a tremendous increase in property prices since the agreement. It has not only grabbed the attention of investors, but the demand for land has increased significantly. Prices run into the millions in Gwadar, so we can say it has touched the sky. And, soon after the government announcement to construct a deep-sea port, the remote fishing town of Gwadar witnessed a significant boost in prices. The initiative has given rise to international housing schemes in Gwadar, not only for accommodating Chinese officials but for buyers across the board. Sanghar Housing Scheme, Canadian City, Naval Anchorage, Creek City Gwadar and many other real estate projects have received greater number of investment in last 2 years. Furthermore, the infrastructural development and initiatives of new energy projects in many urban and remote areas under the CPEC development has given a new dimension and direction to the real estate industry in Pakistan this year. Mega real estate projects advancements near new Islamabad Airport, northern Punjab and in many areas of Sindh is the evidence of this.

The culture of entrepreneurship and expansion of business is also on rise in major cities of Pakistan because of the CPEC and related projects. Unfortunately, absence of state of the art commercial buildings is a great obstacle in flourishing of economic activity in the country. In order to address the rising need Earthlink Real Estate has developed outstanding and marvelous commercial real estate buildings in perfect locations. Development of high quality business center and modern commercial infrastructure is catering to the growing need of business community and generating good employment opportunities. Investors are also getting greater benefits by getting high return on their investments through commercial real estate projects of The Grande since 2010. The Grande is equipped with all facilities, luxuries and hi tech amenities required for the most excellent corporate and business atmosphere. Grande Business Centre located at the commercial hub of Bahria Enclave, Grande Marina at the most busiest road of Phase-4 Bahria Town Islamabad are top of the line projects aim at catering to the growing need of international and local Pakistanis.

 

 

 

 

 

Why Should You Invest at The Grande?

The Grande; A Symbol of Luxury

The Grande projects are marvelous architecture offering luxurious apartments with exclusive entrance, corporate office spaces and shops to enhance your business and investment endeavors. The projects are well maintained and highly safe and secure with imported fittings and accessories to make life very comfortable. Marvelous Grande buildings are situated at Phase-2, 3, & civic center of Bahria Town Rawalpindi and The Grande Business Center is situated in Sector G of Bahria Enclave Islamabad.

Maximize your Return on Investment 

Return on Investment Formula is;

ROI = (Gain from Investment – Cost of Investment)

To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio. Our clients who invested at The Grande apartment have earned up to 56.4% of ROI within 6 years. A summary of rates appreciation of Grande Phase-2 are given as below;

Studio Apartment (450 Sq.Ft)
Scenario Year Price in PKR
Booking Price 2012 18 Lacks
Rate on Completion 2014 40 Lacks
Current Price 2019 45 Lacks

 

2 Bedroom Apartment (1230 Sq.Ft)
Scenario Year Price in PKR
Booking Rate 2012 55 Lacks
Rate on Completion 2014 85 Lacks
Current Rate 2019 10 Million

 

After the successful delivery of first Grande Project, Earthlink launched its second enormous project of The Grande phase-3 in 2014. The beautifully designed park facing building is developed on 4 Kanal land having 71 apartments and 38 shops. Our valuable clients earned high return on investment; two cases are given below;

 

2 Bedroom Apartment (1700 Sq.Ft)
Booking Price 8500000
Rate on Completion 14450000
Current Price 15300000

 

3 Bedroom Apartment (1960 Sq.Ft)
Booking Price 9800000
Rate on Completion 16660000
Current Price 17640000

 

Best Location Projects

The Grande projects are developed at ideal and prime localities where families enjoy safe and secure living. Parks, children play area, recreational centers, green groceries and cash and carry stores are on few minutes walking distance. Commercial units are strategically situated at highest foot flow area which invites a great number of customers to shops for enormous business and economic activity. Wide and well maintained road network, accessible to Islamabad Expressway and convenient parking space makes the living and business highly comfortable at Grande projects.

Amenities At The Grande

Distinct features include beautifully designed reception area and lounges; high speed elevators; earthquake resilient structure; highly safe and secure with firefighting system; high quality finishes and appliances and designer fitted kitchens. Furthermore, security, cleanliness and maintenance of the building are the sole responsibility of the developer which gives a great comfort to the residents of The Grande. The architectural design is very modern and designed beautifully having imported lighting, wonderful interior, lobby areas and much more. There is vigilant security system with 24 hour functional CCTV cameras and security guards. The Grande Projects are equipped with every luxury and comfort one desires and dream of.

Top of Line Features

Having beautiful alleviation coupled with stunning interior, beautiful lobbies and luminous corridors makes the Grande building an outstanding structure. The Grande project is equipped with top of the line features which include beautiful view, wide glass windows and best ventilation system. Other amenities include as following;

  • Round the clock electricity
  • Fabulous office spaces
  • Vigilant security system
  • Exceptional Finishes
  • High End Digital Cabling for internet
  • High speed elevator
  • Earthquake resilient structure
  • Highly safe and secure with firefighting system
  • Building maintenance by the company

Earthlink; Developer of Grande

Earthlink, a multi-dimensional real estate development, brokerage and construction company is rendering expert services since 1984. Luxurious yet affordable projects have been launched by Earthlink during the last few years; some of which are The Grande I, II, III and The Grande Business Centre. Over the course of years, Earthlink has become leading and credible real estate developer. Hence, the mission of the company is to be the full-service commercial and residential real estate developer of choice for national, corporate vendors while building beneficial environments and maintaining lasting relationships. Earthlink Real Estate aims to establish high standards of services, in order to prolong the life of the properties and projects maintained.

 

 

 

Profitable Real Estate Investment Tips

Real estate investing doesn’t come with a map, and the road to riches is often winding. That being said, there are things you can do to put yourself on the right path and ensure your best chances for success for profitable real estate investment. Listening to real estate professionals and successful investors is a great place to start. To get you in the mindset of the pros, we gathered few useful and essential property investment tips from people who can speak from experience. Whether you’re new to real estate investing or going on your third income property, this article is filled with great nuggets of advice and interesting perspectives.

  1. Always Invest with Credible Developer

In Pakistan these days you will come across lot of marketing and advertisement of numerous projects which don’t have previous history. It is highly recommendable that before investing your precious money always ensure that the developer has completed and delivered any projects in recent past. Visit and thoroughly inspect the previously delivered projects and make sure that it is of good standard.

  1. Ensure that Property has valid NOC

Before making decision to purchase a property make sure that it holds a valid NOC and is approved by the competent authority like CDA, RDA or LDA etc. It is your right that you see the copy of attained NOC or any sort of legal document that clearly mentions that the project or property is legally approved. Buyer or investor should get a lawful transfer of the property in his/her own name to avoid any unpleasant situations in future.

  1. Diversify your investments

It’s commonly preached that the best real estate investment is the one in your backyard. While there is merit to understanding the area in which you’re investing, I believe that you’re truly limiting your profitability potential by only considering a small geographic area. By considering investment in diverse localities you’ll have a large pool of available investments and ultimately better opportunities. Investing across a large geographical area also further diversifies your investments and protects your portfolio against the volatility of local markets.

  1. Investing at Soft Launch multiplies ROI

Project on soft launch offer high growth potential on return on your investment and tax incentives for buyers. Earthlink Developments have provided a fabulous win-win situation to our esteemed clients and investors by giving the investment opportunity at soft launch stage of our projects. A client booked his studio apartment for eighteen lacks at Grande Phase-2 in 2010, at the time of completion in 2012 the price was forty lacks and currently the rate is forty five lacks with an excellent rental yield. You can earn a great profit and excellent capital gain by investing at luxury projects of Earthlink developments at soft launch phase.

  1. Consult Real Estate Expert

Learning the real estate investing business is challenging to someone attempting to do things on their own. Effective real estate investors often attribute part of their success to others – whether a mentor, lawyer or supportive friend. Rather than risk time and money tackling a difficult problem alone, successful real estate investors know it is worth the additional costs (in terms of money and ego) to embrace other people’s expertise. Highly qualified and experienced professionals at   Earthlink Real Estate are available round the clock to provide the best and honest advice on real estate investment.

  1. Make a Plan

Real estate investors must approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setbacks. Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on task.

  1. Know the Market

Effective real estate investors acquire an in-depth knowledge of their selected market(s). Keeping abreast of current trends – including any changes in consumer spending habits, taxes and high in demand properties, to name a few – lets real estate investors acknowledge current conditions and plan for the future. This enables them to predict when trends may change, creating potential opportunities for the prepared investor.

  1. Stay Educated

As with any business, it is imperative to stay up to date with the laws, regulations, terminology and trends that form the basis of the real estate investor’s business. Investors who fall behind risk not only are losing momentum in their businesses, but also legal ramifications if laws are ignored or broken. Successful real estate investors stay educated and adapt to any regulatory changes or economic trends.

  1. Understand the Risks

Stock or futures market investors are inundated with warnings regarding the inherent risks involved in investing. Real estate investors, however, are more likely to see advertisements claiming just the opposite: that it is easy to make money in real estate. Prudent real estate investors understand the risks – not only in terms of real estate deals, but also the legal implications involved – and adjust their businesses to reduce those risks.