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Real Estate Giant Successful in Pakistan

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.

Bangalore Real Estate

Property developers in Bangalore rubbish the recent report that the demand for real estate in Bangalore had gone down because of high property prices. City-based real estate builders claim that the property market is still buoyant. They accept that the number of property inquires and transactions have gone down because property buyers are anticipating a fall in prices in the future. However in spite of low transactions, the residential real estate prices in Bangalore are escalating. High input costs are adding to the already soaring property prices.

So far, Bangalore has shown tremendous economic progress and is referred to as Asia’s fastest growing city. The real estate developments here are catching up with the pace at which the city is growing. Property segment is growing by leaps and bounds and incorporating new trends. Property developers are now focusing on ‘affordable housing’. A large number of Bangalore real estate builders are venturing into the same.

Going forward, the property developers are now cashing in on the new buzz word in real estate industry – ‘affordable housing’. A large number of Bangalore Real Estate Builders are now venturing into this development. Bangalore-based realty major Jain Heights and Structures Pvt Ltd, is coming up with an affordable housing project at Bellary district. The firm is also planning to launch a similar project in Bangalore early next year.

Bangalore is scoring well on various parameters of being a chosen real estate destination. Still, the delayed metro rail project remains a big hitch there. This project has been delayed by nine months. The dragging progress has resulted in worsening the traffic situation in Bangalore. However, the industry experts and locals are optimistic that coming up of metro will take Bangalore real estate segment to new heights