A guest post by William King
During the last few years, all the economic parameters have shown a gradual drop in Pakistan realty market. However, 2012 brings good news that Pakistan property prices will be moderated, making it an attractive investment opportunity for realtors and investors. New projects like The Centaurus (Islamabad) and many other notable projects across the country hold much promise for the industry.
Timely completion of the projects also helps them grab the attention of investors. Therefore, most of the developers may focus on execution and delivering the committed projects in 2012 rather than launching new projects to avoid reaching insurmountable inventory limit.
In the following post, let’s have a look at Pakistan real estate projects ongoing in different cities.
Lahore real estate projects:
Lahore is one of the modern metropolises of Pakistan and is quite famous for the blend of modern and traditional constructions. The announcement of new real estate development projects in this city has always been much appreciated by every sector. Currently, there are several projects ongoing in this city such as:
Defence Raya Golf Resort
Many of us are already aware of the most popular housing society of Pakistan that is none other than The Defence Housing Authority, Lahore. The project was set up with a vision to provide high quality homes. Over the years, it has proven to be a benchmark for the property development projects in the country. The elite of Lahore demands the best so the luxurious homes always remain in high demand. To cater to the demand of citizens of vibrant cosmopolitan city of Lahore, DHA has formed a partnership with Bandar Raya Developments Berhad (BRDB), a Malaysian developer with a sound background for creating luxurious homes. Defence Raya Golf Resort is a result of this partnership. The community is situated in Phase 6 of DHA Lahore.
The entire project spans over 400 acres of beautifully constructed luxury homes, a prestigious golf and country club, a retail centre and an 18-hole international standard golf course. The residential property includes 1 and 2 Kanal villas, 14 Marla semi-detached houses and trendy condominiums.
Islamabad real estate projects:
The Federal Capital City of Islamabad currently has a glut of new construction programmes. The city already holds title of one of the most expensive properties in Pakistan. Not just the real estate but every other commodity of the city is more expensive than it is anywhere else in Pakistan. Due to this and several other reasons, this city is truly for meant only for the elite class.
Al Ghurair Giga Goldcrest
The magnificent and the majestic Al Ghurair Giga Goldcrest real estate development is located at a 15 minute drive from the airport. Goldcrest abets on the spectacular and impressive DHA Phase-II, Islamabad. It is situated on main Sheikh Zaid Bin Sultan Road, which was previously known as the GT Road. The posh locality of the whole project goes to say that it offers state-of-the-art amenities such as underground power, efficient sewage system and linkage with the motorway through broad streets and roads.
All of your day-to-day needs are met well since Goldcrest provides a host of amenities and facilities such as mosque, bowling alley, hospital, gyms, day care centre, club houses, laundry, sauna, Jacuzzi and swimming pools. Two clubhouses with food courts and laundry services help you minimize your domestic chores.
Karachi real estate projects:
Karachi is an industrial hub of Pakistan and a constantly expanding city. There are several housing projects in this city that are announced for oodles of people belonging to different social classes. Let’s unveil its one of the most lavish projects that is announced by the executive board of Defence Housing Authority, Karachi.
DHA City, Karachi
The master plan for the DHA City Karachi has been unveiled and the details have revealed parts of this project. The whole project covers 11640 acres and will include 27,000 residential and commercial plots. The project is situated on Super Highway and will take 5 to 7 years to complete. Many real estate veterans are considering it a mega project that will boost the value of Karachi real estate. Karachi still holds the charm in its real estate sector and real estate agents are confident that mega projects like DHA City can bring back good times.
The primary infrastructure of the society will be completed by 2015 and project will be half done by 2020. The project is expected to provide quality living to the residents of Karachi and will include all the luxuries of life. The project will also include community centres, educational centres, efficient transport system and cycling paths. Good security system makes it a spectacular housing scheme.
William King is the director of Pakistan real estate and mainly deals in Karachi, Islamabad and Lahore real estate. Being an entrepreneur and passionate blogger he likes to share his knowledge and expertise with the industry people by writing for various related blogs.
Disclaimer: The views expressed here are not those of PTH editors.