Expert Interview: Imran Malik, Executive Director of The Address Islamabad


Expert Interview: Imran Malik, Executive Director of The Address Islamabad

Real estate sector in Pakistan is an investment heaven for pro investors (having a portfolio) and genuine buyers alike. Simultaneously, it is a source of livelihood for numerous people connected directly or indirectly. Out of all major cities, Islamabad real estate market always proves to be most rewarding due to its modern infrastructure, high quality civic amenities and state of the art facilities for every kind of investors. Therefore, prices are comparatively higher there and investment trend also shows positivity in the federal capital.

Wealthy investors prefer Islamabad realty sector over other cities especially, in all new developments. For the discussion on current and future investment trend, HomesPakistan has singled out Mr. Imran Malik Executive Director, The Address Islamabad and have few words with him on the topic. Let's reveal what are his predictions related to Pakistan realty sector.

What is the scope of "The Address" for Pakistan real estate market?
The scope of the real estate is changing, such as shopping malls have come up with a new trend in the Pakistani market. I believe that people are looking for safe and profitable investments and The Address ticks all the boxes. The project is a state of the art architectural marvel situated in the heart of the capital. It is a symbol of creative strength, modern style and powerful grace, designed keeping in view the needs of time. The Address offers a lavish shopping mall, hotel service apartment, corporate offices and unparalleled facilities, with truly a one-of-a-kind experience, offering luxury, comfort and convenience.

The Address features a place where you can Live | Work | Play | Shop all under one roof providing you an ideal opportunity to invest.

The Address features a place where you can Live | Work | Play | Shop all under one roof providing you an ideal opportunity to invest

How will you distinguish your project from the rest of developments in the market?

The 20 years of history says it all, where my organisation has delivered numerous successful projects and more than 20,000 happy and satisfied customers. Falaknaz Group has always raised the bar and have delivered the best available to our customers.

Similarly, The Address is no exception. With the most ideal location available we are all geared up to bring to Pakistan something that has never been witnessed before. A mix used architectural marvel situated in the heart of the capital with world class facilities and services to our customers. Unlike other projects The Address will actually cater to all the needs from superlative parking facility to world class BMI system.

How will you distinguish your project from the rest of developments in the market?

You need to set your sights on a goal using intelligence, good judgment and good reasoning with respect to choosing that goal, but once you've chosen it, then your focus has to be total. It's important not to be swayed from it, set your sights on it, and go for it.

Here are the top four traits I see most often in successful developers.

  • Relationships: Relationships are an absolute must, and they take time to develop. A developer must have relationships with bankers, attorneys, tenants, equity sources, general contractors, civil engineers, architects, brokers, appraisers and others.
  • Risk Tolerance: Some individuals find it very difficult to take risks. Prudent developers take calculated and measured risks, and they constantly look for ways to mitigate risk. Nevertheless, development is a risky business that some are just not cut out for.
  • Problem Solving: Developing a successful project takes tremendous skill to navigate through all the speed bumps and roadblocks along the way. Developers know how to solve problems, and they seem to understand that there is usually more than one solution to a problem. Creative site planning, finding solutions to zoning issues, dealing with adjacent land owners and finding ways to come in both on time and under budget are all examples of the problem-solving skills a developer must have.
  • Creativity: Every development project starts with an idea, either for a particular use on a site or a vision for what a community might need. Developers are creative individuals who seem to always be looking ahead at what demand might exist in the future. Successful developers push the envelope with exciting designs, new building materials and cutting-edge construction methods- This creativity is what brought us skyscrapers, Malls and all the places we now call work and home

  • Do you consider that investing in real estate sector is better than any other investment options?

    Of course Yes! Real estate is generally a great investment option. It can generate an ongoing passive income, and it can prove to be a good long-term investment if its value increases exponentially over time.

    Investing in real estate is always a wise decision as compared to invest in stock, trading, gold, etc. My reasons are simple, real estate has a high tangible asset value and also the real estate values will always increase over time.

    What are the main things, one should look at while investing in a real estate project?

    In my opinion while investing in a real estate project the most important things are:

    Location, Location, Location - While purchasing property, capital growth should be a strong consideration.
    Rent - For income properties, the monthly rent is the staple.

    Capital growth - The quality of the location will influence the type of renters attracted to your rental property. The more central the location, the greater the demand.
    Future development of the area - This is also crucial to know about any future development of the area where you want to invest. You should have to have the idea of how the future development will affect your property value.

    In terms of luxury, what makes "The Address" more luxurious than other projects? - The Address is a symbol of creative strength, modern style and powerful grace. The Address features a place where you Live | Work | Play | Shop all under one roof. It brings to you a lifestyle of your dreams and an investment opportunity that you simply cannot let go off.

    The Address is close to the best that the capital has to offer. It comprises of state-of-the-art shopping mall and two towers – A tower for corporate office and a tower for Serviced Apartments. Take your pick from a wide array of elegant penthouses, bedroom residences and exclusive corporate offices.

    The Address is no ordinary place. It rises gracefully from the landscape honouring the city with its extraordinary union of art, engineering and meticulous craftsmanship.

    What would be the hotspot to invest in Pakistan, other than "The Address, Islamabad"?

    As a developer, I believe that there are ample of amazing opportunities to invest in Pakistan. My only advice to an investor or any buyer would be to invest in with a renowned name, ensure that the developer has a thorough track record.

    Secondly the most important thing is LOCATION, LOCATION, LOCATION. Therefore if the project is legitimate, the developer has a strong back ground and the location is ideal that will be a hotspot to invest

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