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.

 

 

 

 

 

Real Estate Investment first choice for Overseas Pakistanis

Real estate is calculated a vibrant and lucrative sector for many prosperous as well as middle and lower-income groups.Over the years, it has experienced capital inflows from a diversity of investors, both local and overseas, which has resulted in a mushroom growth of real estate agencies and agents due to the low skills required for brokering and sales. Overseas Pakistanis are one of the key asset & investors for Pakistan’s economy and the main source of foreign direct investment in Pakistan. Real estate is obviously the first choice for investment in Pakistan by overseas Pakistanis. Remittances from expats not only play a major role in overall country economy but also improve buying power of many families back here in Pakistan. Once a Pakistani,always a Pakistani. Most of us cannot remain disconnected from homeland,especially when it comes to politics and real estate investment.

Let me highlight the potential of South Zone of Rawalpindi/Islamabad; the G-T Road Rawalpindi which is South of twin-cities, at its westerly direction lays a vast tract of land which is located in between M2 Motorway and GT road which starts from Rawat and ends at Tarnol/ Wah. Posh gated communities like DHA, Bahria Town are the first choice to reside here as these societies provide the international standard services and amenities to their residents here. There is a great potential for high rise buildings and commercial one stop branded outlets shopping malls. This area is highly significant in socio-economic context due to the abundant road network and its close proximity to supporting infrastructure for CPEC. Its location and linkage with CPEC (the Road to Future of Asia) has tremendous potential for growth. This Zone is becoming the hub of economic activities and can become the Centre of Gravity of major national and international economic activities in near future only if we regularize property and create an environment of investment here. In fact, it has already exerted a population and economic pull which now is the center of attraction for developers and international investors. Regularizing and developing proper rules and by laws for high quality commercial real estate projects on this belt will not only generate economic activity but also create job opportunities in an efficient way. There is a dire need that credible local real estate developers are encouraged and facilitated in high standard real estate development which attracts international investments. Real Estate developments on G-T road are highly beneficial for overseas Pakistanis, which are serving as a real asset for the country by sending their valuable remittances. Earthlink Real Estate is the most credible developer of Pakistan and overseas investors have earned highest returns on their investment at our renowned projects The Grande, which have become the fastest selling luxury real estate brand in Pakistan. An upcoming project on G-T road Rawalpindi of superior standard is going to be the most lucrative and secure investment for our valuable international clients.

Grande Business Centre; Ultimate Gateway to Successful Business

About Grande Business Centre
Grande Business Centre (GBC) aspires to be the progressive commercial real estate development at Bahria Enclave Islamabad. GBC is a spectacular architecture offering high standard business and corporate office spaces to enhance your business and investment endeavours. The Grande Projects are equipped with all the luxuries and comforts. It is contemporary in design with high quality finishes and fixtures. Located in the commercial hub near to Bahria head office and having scenic view of lush green spaces enhances the aesthetics and beauty of The Grande Business Centre hence making its units high in demand.

Fabulous Investment Opportunity!
For those who have great dreams with futuristic vision, GBC will make their dreams reality on the soil of most prestigious society of Bahria Enclave. The Grande Business Centre is a marvellous architecture offering high standard business and corporate office spaces to enhance your business and investment endeavours. Brilliantly designed corporate office spaces and commercial units are strategically designed for your rising business and financial empowerment. Grande Business Centre (GBC) is the right place where you can make your business succeed by becoming the owner of your own office and business outlet. Investing in commercial units at GBC is best for greater return on investment coupled with higher rental yield.

A Prestigious Business Address
Grande Business Centre will host leading brands, retail outlets and multinational companies. It can be an impressive professional address for your successful business and corporate office as well. Situated within the secure and beautiful gated community of Bahria Enclave, GBC is best for IT companies, marketing firms, and fashion and food franchises, multinational and local companies.
Be the landlord of your own commercial space and possess a prestigious business address at GBC.

Astonishing Interior
Having an astonishing entrance, reception area, and corridors welcomes you and your esteemed visitors with stunning ambiance in a pleasant style. The reception area is coupled with beautiful and comfortable waiting area for visitors. It is contemporary in design with some traditional elements incorporated in it. Luminous interior with modern appliances, finishing and fixtures coupled with wonderful furniture makes it distinct and luxurious project.

Spectacular Office Spaces
Beautifully designed corporate office spaces are designed for your rising business and financial empowerment. With concealed-wiring and energy efficient lighting as just some of the inclusive features, the offices are spacious. With ample luxury and contemporary interior furnishing and design, the owners will have the liberty to work in the comfort of world-class facilities. Office spaces with an exclusive bedroom area is perfect for multi-national, corporate companies, business workplace etc.

Modern Amenities, facilities & 24/7 Security
The Grande is strategically designed to offer you an array of wholesome experiences. With the cutting edge technology, providing security, convenience and comfort is a key driver of high quality work. The security system at The Grande has multiple features that makes living safe and secure. Vigilant security cameras, alert guards and  24×7 monitoring system of the premises, protect life and property of owners and visitors alike.
Distinct features of The Grande Business Centre include beautifully designed reception area and lounges; high speed elevators; earthquake resilient structure; highly safe and secure with fire fighting system; high quality finishes and appliances. Ideally located in the heart of the Bahria Enclave GBC is equipped with the high tech facilities and amenities.

Units are limited in number and selling like hot cake because it is in the commercial focal point of Bahria Enclave which has highest foot fall so contact us now to lock your office or shop.

Future of DHA Islamabad; The Eminent Living in Twin Cities

  1. Islamabad being one of the strategically planned cities with breath taking sites enjoys the status of second best city in the world. If you view the mega picture of twin cities of Rawalpindi- Islamabad (Please refer to Map-1) you will notice that:
  2. Let’s start with the Margalla Mountain Range, Margalla is a hill range that’s part of the lesser Himalayas located north of Islamabad, Pakistan. The Margalla Hills are situated at North and northeast side of Islamabad, high features of Murree and Abbottabad overlooking Islamabad are almostsaturated with multiple housing projectsto an extent that some projects are now extending to adjacent District Haripur in KP.
  3. Now coming towards the South of twin-cities, at its south western and westerly direction lays a vast tract of land which is located in between M2 Motorway and GT road which starts from Rawat and ends at Tarnol/ Wah. This area is highly significant in socio-economic context due to the abundant road network and its close proximity to supporting infrastructure for CPEC. Its location and linkage with CPEC (the Road to Future of Asia) has tremendous potential for growth. Let’s call it SZ (Southern Zone)
  4. The South Zone will be the hub of economic activities in near future. A thorough analysis on SZ reveals that this zone will result in attracting investments with handsome returns because of the following major developments;
  5. The approval of RBP (Rawalpindi bypass) commencing from Rawat, which connects the strategically planned DHAI Phase 3 and Phase 4, Bahria Phase 8.
  6. The RBP links the DHAI and Bahria with the New Islamabad Airport which will be the center of international trade plus M2 Motorway.
  • Furthermore, SZ has the potential of expansion across the motorway which can further accommodate mega projects.
  1. In addition to this a well planned construction of Rawalpindi Industrial Zone stretched over 125000 kanals of land along Rawat Chak Beli Khan Road is highly substantial as it links the motorway.
  2. After analyzing the above developments in twin-cities it can be safely concluded that the SZ will be theCentre of Gravity of major national and international economic activitiesin near future.In fact, it has already exerted a population and economic pull which now is the center of attraction for developers and international investors.
  3. Very interestingly, over 100 large size housing projects have already been initiated in the SZ. Most of them are already approved by various Government agencies; however, many are still in the process of approval. The most high quality housing projects include DHAI, Bahria Phase 8, CDA Sectors, Mumtaz City and Top City etc. However, two competitive rivals DHAI and Bahria are still at the top as both are providing the luxurious living standard and good services to their clients/residents. Within these two rival partners, DHAI is considered most credible developer in Rawalpindi and Islamabad.

 

  1. Since its inception however, DHA Islamabad has been facing various allegations like delay in development of various phases such as DHAI Valley and DHA 2 extension etc. Having taken enough bashing by its clients, DHAI has now realigned its path to address these issues once for all. The organization has chalked out a comprehensive strategy to speed up all those projects which were running in delays. Presently, a prompt work is going on in DHA Phase 3, Phase 4, Phase 5 (Ex Commoner’s Town) and DHA 2 extension/DHAI Phase 6. In addition, a number of other up gradation projects are being implemented in already developed sectors in Phase I and 2.
  2. Due to ongoing rapid development activities I believe a new Serene Islamabad 2 is coming up in the shape of DHAI and Bahria Phase 8 combined……..(Please refer to Map-2)
  3. DHAI Phase 1

(1) A quick work is seen on Phase 1 bypass linking DHA Phase 4 directly with GT Road. This main entry will connect Askari 14 and Adiala road as well as Bahria Phase 8 which is already linked with DHA Phase 3. All these areas will be further connected with upcoming Rawalpindi bypass and onwards to M2 and Islamabad airport. Bahria has already started purchasing additional land to expand Phase 8.

(2)  Much needed commercial units are coming up in Sector A and soon a number of commercials are being launched at the entrance of Phase 1 adjacent to Sector B 1. One sector commercial is already completed in Sector E.

(3) Missing aesthetics are being addressed at priority and an impressive Green DHA is seen with additional parks, plantation and parking.

(4) Defence Villas Phase 2 are being launched during this year.

(5) This Phase has exhausted investment opportunities in residential plots but in case of commercial it still has plenty of potential.

  1. DHAI Phase 2

(1) Askari 15 has been launched in DHA 2.

(2) World Trade Center is almost completed attracting a sizeable commercial activity.

(3) A number of attractive recreational projects have been completed in state of the art Jacranda Family Club which has added to the family life of residents.

(4) DHAI has also initiated its own education system starting from DHAI 2 and is being extended to other sectors.

(5) Aesthetics are being improved at par with Phase 1. A massive plantation drive is currently ongoing in all sectors.

(6) The world class McDonald is already inaugurated.

(7) The most impressive part of Phase 2 is up gradation of GT road to 8 lanes and a beautifully designed fly over connecting Phase 2 with Phase 5 over signal free Islamabad Express Way is in in final stages.

(8) In next two years this phase still holds 10 to 20 % space in profit in residential units but about 20 to 25% in commercial units.

 

  1. DHAI Phase 3

(1) A rather delayed project of Phase 3 has now picked up great momentum. This phase is going to be flag ship project of DHAI in terms of its size, its location and its connection with RBP (Rawalpindi bypass). Its main entry is opposite World Trade Centre on GT road and it is being extended to RBP.

(2) Zone 5 to 9 of Bahria Garden City has already become part of this phase. Renaming Garden City is renamed as Bahria Oriental Garden.

(3) A rapid earth work is ongoing which indicates a desire of DHAI to complete initial sectors in about 18 to 24 months.

(4) Phase 3 has bigger space in terms of return up to 50 to 55% in next 3 to 4 years.

  1. DHAI Phase 4

(1) Located on the bank of River Soan on high features opposite Bahria Intellectual Village with great scenic view has made this Phase attractive for those who desire to construct their homes in relative quiet, higher and beautiful location.

(2) It was previously known as DHAI Phase 1 Extension but now renamed as DHAI Phase 4.

(2) Askari 14 and Garden Villas Housing Society located on Adiala Road have already been merged in Phase 4. This connection has provided an entry/exit to this phase to Motorway through Adiala Road.

(3) It will be linked with Bahria Phase 8 and onwards to DHAI Phase 3.

(4) Although this Phase is developed up to 50% so far but due to its scenic location it still hold space for return up to 30 to 40 % in next 2 to 3 years.

  1. DHAI Phase 5

(1) Previously A to J sectors of Phase 2 was covering an area between GT Road and remaining sectors were in North of Islamabad Expressway. Now Phase 2 is limited to sectors A to J only and sectors K to Q have been renamed as DHAI Phase 5.

(2) A flyover over signal free eight lanes Islamabad Expressway has made it attractive for those whose activities are biased towards Islamabad.

(3) Except some portion of Sector G (previously Sector P) possession of plots is being given.

(4) It is being further linked with DHAI 2 Extension/ Phase 6.

(5) A beautifully designed Central Commercial on the lines of Blue Area Islamabad is likely to be launched during this year.

(6) Almost all sectors of this phase are matured except G and Riverview. In both these sectors probability of return is 20 to 30 % in next two years

  1. DHAI Phase 2 Extension (Likely to be renamed as Phase 6)

(1) After considerable delay good pace of development work on initial four sectors (A to D) has started.

(2) It is to be linked through Phase 5 with Islamabad Expressway and Road KahutaIslamabad as well as with DHAI Valley with a bridge with Bluebell.

(3) Future residents of this phase and DHAI valley will be lucky to reside in the surroundings of Dadocha Dam. Space required for construction of Dam has been identified and feasibility report is under preparation by Govt of Punjab.

(4) This Phase has a cushion of almost 50 % of return but during next 4 to 5 years.Those who are frustrated and holding on their plots must continue to hold.

  1. DHAI Valley

(1) Of all the projects of Valley has been most controversial project of DHAI. It almost became a stigma for DHAI.

(2) Land acquisition issues, delay in feasibility report by Government of Punjab for Dadocha Dam, its linking with DHAI Expressway, issues between DHAI and Bahria are main reasons for delay of this project.

(3) Almost 650 DHA Homes are ready and being handed over shortly.

(4) Work on many sectors is going on but pace is not impressive.

(5) Due to distant location of valley the expected rise in return is 15 to 30 % in next two to three years. However, holders of plots must not throw away their properties in frustration as having sold these low cost properties they don’t have any other option in any other place with this size of amount.

  1. Pivotal Location of Bahria Phase 7, Phase 8 and Garden City

(1) By any standard Bahria Phase 7, Phase 8 and Garden City are part of upcoming DHAI City. All these sectors of Bahria are almost developed over 90%.

(2) This phase of Bahria though is temporarily slow in investments but due to its pivotal location in between DHAI Phase 1, Phase 4 and Phase 3 it will rise at par with other sectors of DHAI.

(3) A sizeable portion of additional land is also being acquired by Bahria on either side of RBP to maintain and keep its importance,

(4) Bahria is now ideal place for construction of homes/ residential/ commercial units as its prices are at the lowest. However, Bahria is expected to gain soon at par with DHAI.

  1. The Final Word is that DHAI combined with Bahria phases 7 and 8 with their rapid development of projects has challenged the quality of living in expensive sectors and prices in Islamabad. In times to come, DHAI combined with Bahria should occupy an important place with their high quality infrastructure as well as secure gated community in Islamabad. Nonetheless the investors must not expect overnight return in properties as rise in return will accelerate with other upcoming projects by CPEC ………

As growth will take place with increase in need of housing.

 

DHA Map 1

 

DHA Map 2

DHA Map 3

2017 Real Estate Trends in Bahria Town

  1. Bahria Town Rawalpindi Phase 1 to 6
    Rates of property got stagnant in 2016 however, in 2017 plots and houses prices jumped to superior level. Shifting to Bahria Town Rawalpindi was the best solution for large number of families during the extreme hot weather and worse load shedding during this year’s summer. Because of this phenomenon Bahria Town in Rawalpindi experienced rise in rental prices of residential units including houses and apartments in different phases. The Phase 1 to 6 Bahria Town got densely populated by 300 plus families 60 % of them living on rent in houses and apartments generating the increased demand of units. New luxury apartments and commercial projects were also initiated in this region hence welcoming the investments from local and overseas Pakistanis. Moreover, Bahria Town Phase 1 to 6 experienced 65% of construction of new houses. Very limited residential plots which are around 20% are left in this part of the city leading to 10 to 15 lacks of price lift.
  2. Bahria Phase 7 & 8 Becoming Home to Brands
    Now coming towards the Phases 7 & 8 of Bahria town Rawalpindi right on the scenic view of Sawan River where many new developments took place in 2017. Bahria Town authority gave possession of residential plots in various sectors of Phase-8, completion of road networks and provision of electricity was achieved, more than 50 % of new houses construction work was initiated coupled with the start of few commercial projects as well. Bahria Town Phase 8 witnessed more than 80% of construction of commercial and residential buildings. Large number of roads and infrastructural development plus provision of facilities was completed by Bahria Town Authority in various sectors of Phase-7 & 8. Bahria Town Phase-7 have become a hub of best international and national brands, Pappasallis, Pizza Hut, Johny Rockets Burger, Roasters, Texas Steak House, KFC, Diva, Kallisto and lots of other food outlets are opened in Phase-7. Plot prices in many sectors of Phase-7 & 8 have risen to almost giving profit of more 6 to 15 lacks plus to many investors of this part of city. From 2014 to 2016 the 5 Marla residential Plot price in Phase-8 was dormant to maximum of 15 lacks whereas in 2017 it is being sold at the rate of 20lacks plus.
  3. Bahria Enclave Islamabad
    Bahria Enclave Islamabad has launched mega apartments and commercial projects in different locations which have brought a new trend in the luxury market of real estate in the history of Islamabad. Provision of possession of large number of plots coupled by the new cutting and development of plots in Bahria Enclave escalated the rates of property there. A large number of energy efficient houses and villa projects are completed and are in the phase of completion. The 5 Marla residential plot in Sector B-2 of Bahria Enclave was having the worth of 36 lacks in last two years and this year the price has jumped to 45 to 50 lacks depending on location and category.
  4. Bahria Town Karachi
    Because of the wonderful and innovative real estate landmarks and international standard amenities, Bahria Town Karachi remained the most popular society on the online searches in 2017. 125 sq yard plots were traded like hottest properties because Bahria Karachi probably won’t come up again with this plot cutting. Despite a huge demand of these plots which are available in 16 precincts, prices are still affordable. 250 sq yard plots come next on recommendation list which are located in 8 different precincts. Development of these plots is almost near completion (90%), so it is going to be a preferred choice of buyers in 2018. Bahria Sports City, the biggest project of Bahria Town Karachi, is witnessing massive trade of its plots. This trend will keep on for upcoming months as plot prices here are still in range. Bahria Golf City is another project of Bahria Town Karachi where buying time remained at its peak. Midway Commercial remained on top for the sale and purchase of commercial plots. Many new plot cuttings and planning of commercial projects were initiated in 2017 which are the best options to invest at Bahria Town Karachi.

Progressive Real Estate Developments in 2017

2017 has ended with many new developments, progress and shifting trends in real estate industry of Pakistan. The real estate sector in Pakistan is a significant sector of the economy. Pakistan spends about $5.2 billion on construction annually and construction output accounts for 2 percent of GDP. Despite the real estate market in Pakistan enjoying an optimistic trend for the last four years, the market cooled down in 2016 because of the new tax laws. Capital gains taxes, stamp duty, registration fees, and advance taxes were all revised upwards. In reaction to this incident consumers responded to major tax upheavals by buying smaller, more practical properties with energy efficient features to cut down on running costs .However, in 2017, investment in residential property increased by five to seven percent significantly in posh areas of major cities including luxury properties and gated communities. Many new trends and following progressive changes witness that Real Estate market in 2017 set to enter in sustainable growth phase in Pakistan.

Digitalization of Real Estate in 2017
2017 witnessed the largest dependency on digital tools and social medium for marketing, property search, selling and purchasing of property in Pakistan. The most popular online mediums used for selling and purchasing of properties in Pakistan this year included Zameen.com, OLX, booking.com, Trovit, meraghar.pk A large number of Real Estate companies have enhanced their social media presence to increase their reach to clients and customers nationally and internationally. On the other hand around 80 % of buyers were able to find their desirable property by using various online portals and Facebook pages. Many new online property portals are launched in 2017 and many new are in the phase of launching. While many companies still discuss innovations in the property industry and the significance of digital transformation, others have already started their implementation. And while many look at incremental innovations – e.g. increasing performance or reducing costs – others are in the process of fundamentally changing the business processes. The digitalization of real estate in Pakistan is changing the entire market trend and taking in a positive direction which is bringing more transparency as the buyer is able to do a comparative market and product analysis. Moreover, the data being gathered on search engines and various online channels is giving a clear picture of real estate trends and statistics which was impossible to record few years back.
The data generated from a variety of sources have the potential to facilitate major progress across the entire real estate sector – optimization, rationalization, dissemination of information and collaboration, ensuring that management and exploitation are as effective as possible.

CPEC Development is Heightening Real Estate in Pakistan
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 2017. 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.

This year was a year with both negative and positive developments; however my focus was only on few positive aspects in this article. Real Estate is one of the most significant sectors in every country and Pakistan can make a lot of progress by making the best use of technology, innovation and creativity. There is a dire need that in the upcoming years more well educated and honest professionals contribute positively and this sector benefits every individual and family of our country.

Luxury Apartments Demand on Rise in Rawalpindi / Islamabad

 

The trend of buying luxury apartments has increased in Islamabad during last couple of years, primarily due to an increasing demand for secure, well-maintained and lavish units; it is therefore not surprising that between 2010 and 2016, apartment prices have increased.
Traditionally, apartment projects were mostly restricted to Karachi, as cultural preferences in Lahore and Islamabad were for horizontal residential projects. However, with the rapid urban sprawl, cities have become congested, land prices are going up, and the apartment living trend is swiftly gaining traction in these cities as well. In fact, in the last five years alone, the demand for apartments has gone up by nearly 30%, which has given rise to an increasing number of newly constructed high-rise luxury apartments in major areas of Rawalpindi and Islamabad.
There are approximately five thousand plus ready to move apartments available in Bahria Town phase 1 to 6 having about 60 % residents residing on rent here. Many luxury apartment buildings are in construction phase and few are in the planning stage. It is secure to invest in the luxury apartment projects in Bahria Town because of three main reasons; firstly, Bahria Town has very strict rules/regulations regarding the construction of safe and secure hi-buildings, secondly, the maintenance and development of roads, green belts, parks and other infrastructure is responsibility of the concerned authority, thirdly, residential units are high in demand and mostly occupied on rent as well as purchased. Moreover, the apartment’s buildings are being constructed by renowned and credible developers who provide excellent after sales services like maintenance and provision of facilities like, security, electricity etc.
Apartments are convenient to clean and maintain with few items of furniture. Apartments inside Bahria Town are highly secure and safe as the buildings have their own security system plus Bahria Town’s security on the roads.
Rents are soaring and demand for apartments is historically high in Bahria town phase 1 to 6, Construction of new multifamily units has been robust over the past five years, far outpacing that of single-family homes, but most of the product is in pricey markets and pricier neighborhoods, not in areas where demand is highest. That is because the costs of land and construction rose.
High rise buildings equipped with amenities and luxuries are in high demand within posh areas of major cities which is becoming a Pakistani urban trend and necessity. The best investment options for apartments are Bahria Heights, The Grande which is located in Phase 2, 3 and Civic center.

The Grande – A Marvel of Greek and Contemporary Architecture

Islamabad enjoys a special status not only because it is the national capital; but also because it is a city that spell bounds everyone with its beauty and distinctiveness. The Grande, a project by Earthlink Real Estate, offers the best residential and commercial investment options around. Classiness coupled with practicality – investing in this project is a decision you will never regret, and here it is why!

The Grande – Location

Located in Bahria Town, Phase 4, Islamabad, The Grande woos with its perfect location and keeps you well connected with the rest of the city. With close proximity to G.T road and Islamabad Expressway and having an easy access to all the main parts of the city, The Grande is the perfect place to be at!

What’s on offer?

The Grande is a classy, mixed-use project which provides you with the best commercial and residential investment options. This entails that you can establish your living here, grow your own business or both. Considering all the amenities it has to offer, what is a better place to be at other than The Grande?

The Grande offers 1-2 bedroom apartments equipped with all the facilities one can ask for; also on offer are offices and shops for people who intend to give their businesses a boost. In a building that is constructed with thoughtful planning and is aesthetically designed at the perfect location, one can, undeniably, make the commercial investment of a lifetime.

The best thing about this project is its affordability; apartments, shops, offices – everything will fall right into your budget. If you enjoy shopping and being surrounded by luxury, The Grande is exactly the perfect place you’re looking for.

What’s Special?

Every single thing about this project is exactly what you need – sustainable construction, along with great focus on aesthetics. The Grande sports comfortable luxury apartments; a designated, spacious car parking for your ease and comfort; and an uninterrupted supply of basic amenities including electricity, water supply and Sui gas. Moreover, easily reachable by road, the project provides you with all your business and communication needs as well by ensuring broadband internet access, and satellite and cable TV connections. The most wonderful thing about this project is how it gives you access to nearby locations and facilities so you do not have to look far even for your basic/ daily needs.

 

Most importantly, The Grande has been built keeping in mind your peace of mind and security. This is why the whole building is totally secure with 24-hour security staff and CCTV surveillance. So, you can sit back and enjoy your favorite movie even at 3 in the morning without having to worry about anything at all.

What are you waiting for, then? Get in touch with us today to book yourself an apartment, a shop or an office – whatever suits you the most because offers like this do not come over and over again.

Grande Business Centre – Live Your Corporate Dream!

The federal capital of Pakistan, Islamabad, is known for its spell bound beauty and is considered as the fastest growing city in terms of population, economy and urban development. As this trend continues, the city is shedding its reputation as a city without character, and is becoming truly a metropolitan. The Grande Business Centre is one of the many luxurious projects which are adding more elegance to the capital and making it a symbol of unrestrained luxury and a top-notch metropolitan. Providing facilities and amenities beyond belief, the Grande Business Centre offers an impeccable corporate experience for the residents of twin cities.

Location

An outstanding project like that of the Grande Business Centre deserves to be at a perfect location that not only augments its visibility but also does justice to highlighting its architecture that is a marvel in itself. GBC is located in Bahria Enclave, Islamabad which is considered as one of the most posh and expensive location in the city. The awe-inspiring backdrop of the Margalla Hills adds a unique charm of natural beauty to this man-made marvel. Adding convenience to aesthetic appeal, the Grande Business Centre is a brief 20-25 minutes’ drive from Benazir Bhutto International Airport and is easily reachable from all ends of the twin cities.

 

Features and Facilities

The Grande Business Centre offers high standard business and corporate office spaces to enhance your business and investments endeavors. The Grande is equipped with all the luxuries and comforts. It is contemporary in design with high finishes and fixtures. Particular attention has been given to the interior and exterior of the building that allows the brands and businessmen to work in an exemplary setting. Moreover, exceptionally designed front desk area has been designed aesthetically so as to welcome your corporate guests with beautiful ambiance in a luxurious style. The reception area is coupled with a beautiful and comfortable waiting area for the visitors to make their waiting time comfortable.

The Grande Business Centre has been designed strategically so as to offer you an array of wholesome experiences. With the cutting edge technology, providing security 24/7, fire protection maintenance, standby generators and much more, we tend to deliver you convenient yet a high quality life.

Options and Affordability

The Grande Business Centre is designed in a way that the Basement and the Ground Floor consist of shops while First, Second and Third floor are for 1 bed cum offices.

With all these exceptional facilities and amenities you might have developed an opinion that the price of shops and offices in The Grande Business Centre are very high. Well, you must know that the rates of these units are reasonable and that you can purchase your unit through an adjustable payment plan. Book your unit with only 30% down payment and pay the remaining amount in 8 quarterly or 24 monthly instalments.

Looking at how fast the units of GBC are being booked and sold out, any further delay at your end can turn out to be unfavorable. So what are you waiting for? We recommend that you rush to Earthlink’s office right away to get your unit booked!

 

Top three investment options within 10 to 40 Million budget

Bahria Town was initiated with a dream for luxury and affordable living for citizens of Pakistan, a dream of Malik Riaz started with 10 Marla plot in year 2000 just for PKR 4 Lacks on two easy installments. Whereas, today after 17 years same plot is worth more than 10 million. Upon it the constructed house with the covered area of 3,600 square feet having 5 bedrooms now cost more than 20 million in Phase 1 to 6, Bahria Town Rawalpindi. In 2006 keeping in view the growing housing need and affordability aspect Bahria Town launched Phase 7 & 8. The historical great joint venture of DHA Islamabad and Bahria Town is known as phase 8. Here comes the highly comfortable, affordable and beautifully constructed houses by Bahria town in Phase-8. Top three best investment options within the budget of PKR 40 Million to 10 Million and varieties of ready to live houses are summarized below;

  1. 5 Marla Safari/Bahria Homes

5 Marla or 125 yards Bahria homes also known as Safari homes has the covered area of 900 square feet with an open lawn with front of 30×20 ft. The covered area includes two bedrooms with attached bathrooms, kitchen, sitting lounge with garage in front. A community of about 500 single story 5 Marla house has its own park, children play area in sector F and C. Dr. A. Q khan school and Rafi stadium is half a kilometer away. This luxurious residential unit is available only for PKR 5 Million to 5.5 Million these days.   The escalating need of this type of house will stretch its price up to PKR 7 to 8.5 Million because the booking started from just PKR 1.5 Million. Your investment at 5 Marla single story Bahria homes can provide you PKR 20 to 30 thousands as regular monthly rental yield.

The double story 5Marla Bahria homes have the covered area of 1800 square feet and cost about PKR 8 to 8.5 Million with a monthly rental income of 28 to 30 thousands.

  1. 8 Marla Safari/ Bahria Homes

The second top best investment and luxury living option is 8 Marla or 242 square yards Safari/Bahria Homes. This is a double story; complete family house, beautifully designed having all comforts and luxury requirements. Bahria homes is located in bahria homes sector B, E and F. This unit consists of 3 bedrooms, with the covered area of 2800 square feet with the downtown commercial area, beautiful park, accessible Masjid, shops and grocery stores. A shuttle service for the residents of this area runs from G.T road to Bahria Homes with an interval of 30 minutes at very nominal rates. Banks, Bahria Town’s strategically designed complaint and maintenance offices and hospital are nearby. The entry and exit points are guarded by operational CCTV cameras monitored by command center and barriers with vigilant security mobile vans are patrolling round the clock. This beautiful 8 Marla house costs just PKR 9.5 to 10.5 Million. Being a complete luxury house equipped with all the amenities and luxuries this unit can raise in future. The furnished 8 Marla Safari Home can be rented out around PKR 50 thousands to 60 thousands and non-furnished house will give you the rental income of PKR 30 to 35 thousands.

  1. Awami Villas

A decade back when 5 Marla single story house rate crossed more than 5 Million, Bahria Town had already planned for the growing need and then launched Awami Villas in 2005. Initially it was planned to launch around 400 fabricated single story units having launching price of PKR 3.5 lacks in Sector-1. This year in 2017 the price has reached up to PKR 4 Million having the rental value of Rs. 18 to 20,000. Later on sector 2 was launched having 400 units of two bedrooms Awami villas. Afterwards sector 3, 4, 5 and 6 were launched which are densely populated and are very high in demand.  Let me add, 5 Marla Awami Villas is a very humble effort of Bahria Town and initially announced in support of the government policy one man one house an affordable rates. Awami Villas is the only low cost comfortable living and can be termed as the best affordable scheme in Asia so far.