Pakistan real estate sector holds charm and strong growth for investors


Pakistan real estate sector holds charm and strong growth for investors

Pakistan real estate is one of the very few sectors that have strong potential to boost the country’s economy, can uplift aligned segments, and bring in foreign direct investment. However, it is all possible when it will receive due support from the government, developers and other stakeholders. Moreover, we must follow protocols that govern real estate markets in developed countries such as tax advantages, investor’s protection laws, and regulatory authorities. If we look at Pakistan real estate, the sector holds great growth potential and thanks to the government policies and unwavering support measures, it has provided the due stimulus to the realty, construction, and housing sectors in the country. An industry veteran has expressed his views that Pakistan real estate can grow substantially and bring in huge investment both from local and international investors due to the government’s effective policies, support, provision of financing options, and availability of mortgages. According to Imtiaz Rafi Butt, Chairman Rafi Group, “I have always been a strong advocate of potential that Pakistan holds and now with the support from the government the real estate industry is turning into a sector with great net worth. In the coming years, we will see substantial growth in all over property market and its support to other businesses.” “Due to Pakistan’s ideal location and great support from China, we are able to establish multiple industries and business opportunities are rising for individuals. In the times to come, the housing market will be one of the prime supporters of Pakistan’s economy and Gwadar will be greatly catering to the rising housing needs,” he stated further. When it comes to finding landmark and high-profit generating housing projects in Pakistan, real estate agents unanimously agree that “Apna Ghar Scheme” is one of the finest developments that hold growth potential and can entice overseas investors to park their investments in the country. It is a sheer source to boost the economy and a steady mode of income for many overseas investors.

Apna Ghar Scheme?

Roshan Apna Ghar housing scheme is a game-changer initiative by the Prime Minister of Pakistan Imran Khan for overseas Pakistanis, who will be able to get to their own home in their country. Moreover, the financing options are also available in both conventional and Shariah-compliant modes and at competitive rates. Another advantage of involving banks is to avoid the involvement of fraudsters, as it will help investors use banks for payment purposes, which will add confidence to overseas Pakistanis.

Salient features of Roshan Apna Ghar Scheme for Overseas Pakistanis

Roshan Apna Ghar Scheme for Overseas Pakistanis is a great initiative by the current government that highlights benefits like:

  • Availability of finance through conventional and Shariah-compliant modes
  • Flexible loan repayment plan spread over 3 to 25 years
  • Free insurance for every purchased property
  • Attractive mark-up rates
  • The option to include other non-resident Pakistanis as co-borrower
  • You can take a loan to buy a plot, a home or to renovate an existing house
  • Financing option is available on both lien or non-lien basis

Non-lien based financing

Pakistan real estate is a lucrative investment sector but corrupt practices and the absence of strict laws have kept potential investors from investing in the market. However, realty projects like Roshan Apna Ghar scheme that are backed by the government and involve the strict implementation of laws along with rules and regulations can help get rid of fraudsters and bring in more investors both locals and overseas.

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