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Archive for the ‘Pakistan’ Category

Safe to Invest in Pakistan Real Estate

Tuesday, March 8th, 2011

The spate of terrorism in Pakistan that continues unabated for last few years has created an impression worldwide that Pakistan is not a safe country for investment in any of its sector, including Pakistan real estate. After Pakistan has come to be regarded as one of the most dangerous places on the globe, investors are reluctant to make any significant investment in the property sector of Pakistan. However, investors should realize that Pakistan real estate witnessed a rebound in sales during the last year after a two year sluggish trend. Moreover, the ongoing year is a good time for the real estate sector in Pakistan. After the elected government came to power in Pakistan and as a result of general elections of 2008, the real estate sector also showed positive change as a result of the changed environment. Pakistan property sector has showed great improvements as many new housing societies, buildings and plazas have being constructed across Pakistan.

We can take an idea of the real estate situation of Pakistan by only looking at one project which is Centaurus project. It is expected to be completed in mid of 2011, it will have every facility in it with 5 star hotel and great shopping plazas. This project is worth 350 million dollar and is designed by Atkins whose portfolio includes the Burj Al Arab and Jumeirah Beach Hotel in Dubai. This type of projects will surly uplift the image of Pakistan real estate and intends to symbolize the safety and growth of Pakistan and will surly enable Pakistan to host international conferences and seminars. Furthermore, after being badly hit by recession during the last few years, the economy of Pakistan is also now on the path of recovery and stabilization, To sum up, decline in terrorism, economic recovery and better security situation is making it safer to invest in the property sector Pakistan. Investing in Karachi, Islamabad property and Lahore property is not only safe but also very profitable and beneficial for the investors as the property prices are expected to rise in the future.

Real Estate Giant Successful in Pakistan

Sunday, June 13th, 2010

Undoubtedly a wonderful community being developed by one of the world’s most renowned developers Emaar Properties. The crafters of the most beautiful master piece created and the symbol of the UAE, Burj Dubai is the tallest building ever made in the history of mankind. Following its quality path Emaar has now entered the Pakistani market with a passion to provide the worthies of Pakistan with another master piece in shape of Crescent Bay, Karachi. 108 Acres of reclaimed land in the sea is a great architectural intervention done by Emaar Giga Karachi Ltd. Simultaneously Islamabad is being gifted by another master piece of Emaar DHA Islamabad Ltd.

The Alma Townhomes and Mirador Villas at Canyon views are setting the benchmark for other developers to bring the standards up to the mark of international level. Emaar is involved in its untiring efforts to create a community having all in it, whatever a Pakistani demands for. Townhomes in shape of duplex, fourplex and sixplex and Mirador villas in one kanal and two kanal options are ideal for Pakistani style of living. Emaar having its reputation of developing a community rather than developing a piece of land is launching one of the most waited large Mix Use commercial complex, Size of which can guessed by calculating the space occupied by four cinema screens included in that Mega project.

Another great success story is the residential, commercial and corporate mix use commercial being developed in the heart of Islamabad, Pakistan called The Centaurus. The project is mainly sponsored by GCC’s one of the biggest investors The TAMIMI Group and being managed by a local developer with a venture named as Pak-Gulf Construction company. The construction being done by the largest Chinese Construction company and designed by the company having some exclusive master pieces to its credit such as Burj Ul Arab(Symbol of Arab) The Atkins. Project is located in the centre of Islamabad where this is the only allotment of plot been done by Capital Development Authority (CDA), Islamabad.

Project is certainly the main attraction for elite of Pakistan living at home or overseas. The clientele comprises of celebrity stars, business community and well known personalities of Pakistan. Project seems to be a great success as most of the residential parts have already been booked and sold out. The method adapted for booking the properties is very much familiar to the method adapted by Emaar Properties in Pakistan, which is to appoint some exclusive agents as the authorized real estate sales consultants for selling the properties. These projects have become the identity of Pakistan and are bringing the foreign direct investment in Pakistan. These success stories are the benchmark for other real estate developers who are considering to start their operations in Pakistan but are having the reservations regarding the security situation.