Top Tips for Buying a Plot in Islamabad

Real Estate in Pakistan is largely an unregulated market that offers some of the best lucrative returns. The incumbent government has recently introduced a series of reforms packaged with tax relief packages that have made the real estate sector boom. As per the real estate experts of the country, the real estate transaction volume has increased exponentially due to the tax relief packages awarded to the construction and real estate sector. The current market is growing at a great pace and has seen interest from veteran investors as well as newbies.

In case you are a new real estate investor and want to invest in plots, then consider these tips before starting out:

Learn To Be Patient and Persistent:

Investing in real estate takes planning, patience, and persistence. Don't expect to make millions of dollars in your first year. Instead, plan on creating a business through real estate that will grow steadily year after year to enable you to meet your financial goals -- and hopefully your dreams. No matter what you might hear otherwise, being successful in real estate requires hard work, just like it does in any other field. It is also important to know that there are no shortcuts to being successful in real estate -- there are no products or tools that will do the work for you, either. You must learn the fundamentals and then apply them.

There Is No Shortcut to Learning:

Focus first on establishing a relationship with experienced investors who would like to learn. A mentor can be an investor in the street who owns half a dozen rental and works a full-time job or an active member of larger pockets who donates his time to answer questions in the forums. The key is to find a person who wishes to learn from the field you want to enter. While you can collect a lot of information about any successful investor, trying to build a mentoring deep with a fin poor house when all you want to do is buy and hold small multifamily properties, probably not a great first step. Find people who are doing what they want to do. Make yourself valuable in a way that is meaningful (profitable) to the other person.

Plots and Plot Files:

There is a difference between a plot and a plot file. A plot is a demarcated piece of land that has a physical presence. A plot file, on the other hand, is the promise of the real estate developer that you will be allotted a plot once the development of the society is complete. A plot file is usually prices lower and can be bought by paying a down payment with the rest of the payment is done in equal monthly or quarterly installments. A plot is usually available on full payment and most of the plots are ready for construction when you buy them. As an investor, it will largely depend on your overall budget. Your budget will determine whether you are ready to go for a plot or a plot file. In case you have a higher monetary ceiling, then going for a plot is always recommended.

Locations to Buy Plots In Islamabad:

Islamabad has some of the best locations when it comes to the availability of plots. Some of the best locations to buy plots for sale in Islamabad is Blue World City, Park View City, and Capital Smart City. The BlueWorld City Islamabad is located on the main Islamabad – Lahore Motorway and is being developed by the Blue Group of Companies. The plots in Blue World City Islamabad Start from as low as PKR 9.95 Lacs. The Capital Smart City is located adjacent to Blue World City Islamabad and is being developed by Future Development Holdings. The Habib Rafiq Group is the parent company of Future Development Holdings and is carrying out all the development work in Capital Smart City. The plot prices in Capital Smart City Islamabad from as low as 2.45 Million. The investors can pay a 10% down payment to book their plot in Capital Smart City with the rest of the payment stretched over a period of 3.5 to 4 years. Park ViewCity Islamabad is also one of the best housing societies in Islamabad. The housing society is located in Zone IV of Islamabad and is one of the most brilliantly developed housing societies in the capital. The park view city Islamabad is being developed by the Vision Group. The plot prices in Park View City Islamabad starts from as low as PKR 3.5 Million.

These are some of the factors and tips that you should keep in mind before investing in plots in Islamabad. Deal & Deals is a platinum partner of Park View City Islamabad, Blue World City Islamabad, and Capital Smart City Islamabad. This real estate agency in Islamabad can help you buy the best plots in the lowest rates possible.

 

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