What Does Pakistan Real Estate’s New Transformation Mean?
Pakistan has finally overcome a major breakdown in trade which plagued the business environment during the last few years. Pakistan is quickly emerging as an ideal business and investment destination in the world. Despite a lot of boundaries, many business sectors are still contributing to the economy.
Now the trepidation is over, foreign and national investments are pouring into several sectors. The China Pakistan Economic Corridor (CPEC) is defined as the region’s balance of power and to open newer ways of business and investments in the country. In many flourishing businesses, Pakistan’ real estate sector is among the strongest businesses in the country, moving nearly 2% of the country’s GDP. This sector contributes massively to the extensive economy.
According to the Association of Builders and Developers (ABAD), currently there’s a housing shortfall of 80,000 units and this shortfall is increasing quickly by 30,000 units each year. Developers are also focusing on smaller, adjoining cities. While Karachi, Lahore, and Islamabad lead the real estate sector.
Recently, developers have moved their attention to the projects that are outside of these areas.
As the country is struggling with lack of urban planning, Pakistan real estate is still growing quickly. The modern and well-organized housing societies in their essence must also provide for all the services that the poorly planned and extensive metropolises drastically lack, including all the basic necessities of life. The standard of living may clash from one society to another, but in real estate, customers usually expect more quality, reliability and all the basic facilities that a needed for living a good life.
Like other business sectors, the real estate has to make sure the quality of all products and services. Real estate industry needs to turn up the competition to lead the sector into healthy reforms, ensuring affordability and quality and even to encourage the ideas of freshers to facelift the industry. Fortunately, Samhan Group, the real estate behind the huge success of Fazaia Housing society has forged ahead into the real estate industry with its very own real estate brand “Samhan Housing” which has been set to bring new real estate projects, both residential and commercial. Samhan Housing is set to launch its residential projects in the major cities of Pakistan; Attock, Islamabad, and Lahore. Different from other real estate brands, Samhan Housing will target all budget segments of Pakistan in order to check the quality living for all of its residents.
Samhan Housing has three strategies for its upcoming real estate projects which includes reliability, quality, and affordability. According to company officials, the main objective of Samhan Housing is to allow all income groups to have a taste of quality living and to adore the comfort of living in their own homes. As the company thinks about introducing new budget homes for low-income segments, as it already did in its previous projects under a different name “Samhan Homes” the quality of project will be kept uncompromised. Samhan Housing is also providing homes on a 6-year installment and possession will be given in 3 years.
Samhan Housing will depend on the unique standing of its parent company to set a higher bar in Pakistan's real estate industry. Samhan Housing is dedicated to extend the quality of living and to provide the luxurious lifestyle to all the segments of society.
Also, extending its outstanding real estate brand to three new cities including; Attock, Lahore, and Islamabad, Samhan Housing's ambitious and its futuristic projects include luxury farmhouses and luxurious resorts under the brand name 'La Vida', aimed at providing unmatchable lifestyle experience to its customers.
Pakistan's real estate industry has the potential to contribute to the national exchequer as well as to the larger economy. Newer investment and strong competition will not only add to the progress of the sector but also herald economic success for the country.
December 28, 2017 AT 02:27 PM