Emerging Trends of Real Estate in Islamabad

The real estate sector of Pakistan is currently witnessing exponential growth. The main reason for this growth and prosperity of the real estate and construction is the relief and reform package introduced by the current government. According to the macro-economic experts of the region, the real estate was in itself a billion-dollar industry of Pakistan. However, due to a lack of correct documentation, this sector was largely reliant upon its own parallel economy. This was harming the overall economic growth of the country since the majority volume of real estate transactions went undocumented. This is now set to change as the government has implemented strict reforms regarding all transacting parties to follow procedural and tax net standard operating procedures.

The current boom in the real estate market has set another precedent in the economic history of Pakistan. According to learned sources and real estate experts of Pakistan, the country is currently witnessing a major influx of new real estate investors. According to them, the veteran investors of real estate in Pakistan are active once again and are being proactively supported by new entrants in the market. This has revitalized the stagnated real estate sector of the country and the volume of real estate transactions has increased by an exponentially large level. As per the real estate experts of the country, the current trend – largely followed by the veteran and new investors – is investing for long and short-term hauls in the new housing schemes. Since the debut of reforms and relief packages, the real estate developers are taking full advantage and leverage by introducing new real estate housing projects in all megacities of Pakistan. The housing societies are becoming a logical investment option for real estate investors at large due to low cost and high returns.

In Islamabad, the capital of Pakistan, the investment trend is also largely bending towards the housing societies. Although there is a lot of financial investment activity going through various commercial projects as well. But the magnitude and scale of investments in the housing societies are currently unmatched. For instance, in Islamabad, the largest investor interest has been witnessed across housing societies such as Park View City, Blue World City, and Capital Smart City Islamabad rather than the commercial projects in the city.

The main trending housing societies in Islamabad and Rawalpindi is currently Blue World City Islamabad and Capital Smart City Islamabad. This is due to the fact that the region between Chakri Interchange to Islamabad International Airport is becoming a prime location for real estate investments in the region. The Blue World City Islamabad and Capital Smart City are both located in this region. The Blue World City Islamabad is located off the Chakri Interchange on main Chakri Road with its northeastern edge along with the Islamabad – Lahore Motorway. On the other hand, the Capital Smart City Islamabad is also located on the main Chakri road with its eastern side along the motorway near to Thallian Interchange and Airport Interchange. The Blue World City is being developed by the Blue Group of Companies headed by Mr. Saad Nazir. Mr. Saad is an accomplished entrepreneur in Pakistan and a philanthropist. The Capital Smart City Islamabad is being developed by HRL. This company is a Pakistani real estate conglomerate with extensive real estate projects that have been delivered in Pakistan and Abroad. Currently, Capital Smart City holds a valid no objection certificate from Rawalpindi Development Authority while Blue World City’s NOC is pending approval.

According to Deal & Deals – a leading real estate company of Pakistan – the investment trends in both these housing societies have been encouraging. As per the real estate specialists at Deal & Deals, both these housing societies are not a direct competition since both appeal to different market segments. For instance, Capital Smart City is more maneuvered towards the upper-middle-class Pakistanis who understand the significance of a smart urban establishment and are ready to pray the cost associated. While on the other hand, the Blue World City Islamabad appeals more to the general middle class of Pakistan who are looking to make their home in the future at the lowest possible cost with the highest possible amenities provisions. However, it is worth noting that Capital Smart City and BWC share a somewhat similar location with equal accesses. Islamabad Capital Smart City housing society is a bit more elite than BWC because of their prices and also the fact that it is one of the few housing schemes of the region that has an approved dedicated interchange for the residents of the society on the main Islamabad – Lahore Motorway.

According to the real estate specialists at Deal & Deals now is the best time for investment in any of these societies. The main reason being that the city district government and the provincial government of the Punjab province has announced the groundbreaking of Rawalpindi Ring Road. The Rawalpindi Ring Road will bisect the Chakri road at close proximity to CSC and BWC. Hence, the real estate prices will rise. Entering now in these societies means that after the completing of the Rawalpindi Ring Road, you can exit with heavy profit.