Eid-ul-Fitr brings good tidings for Pakistan’s real estate sector, according to Lamudi (www.lamudi.pk). With overseas Pakistanis back in the home country to celebrate Eid with loved ones, real estate market is expected to experience an upward swing.
The property sector always experiences increased market activity around this time when overseas Pakistanis, bring foreign remittances and channel these funds in the most lucrative investment sector of Pakistan.
Saad Arshed, Country Director of Lamudi Pakistan, said: “These Eid holidays were very much needed to give a boost to the real estate sector of Pakistan. With the first half of the year, experiencing a slowdown in the property market, followed by the withholding tax on banking transactions-the real estate market activity stalled a lot.
As overseas Pakistanis always hunt for property during this time, Lamudi has gone the extra mile to bring them the investment opportunities that are sure shot to reap them huge gains.”
Following are the top property investment options in Pakistan’s major cities this Eid-ul-Fitr:
Lahore: Pakistan’s cultural capital has a lot of good investment options to offer. Defence Housing Authority (DHA), undoubtedly remains the safest bet when it comes to investing in plots or houses. Other profitable opportunities include: Bahria Town, Paragon City and State Life Housing Society.
Islamabad: The capital city has some of the best investment options in the country. From Bahria Town to DHA, especially its Phase two, to Sector E-11, Sector F-11 and the Spring-Apartment Homes; Islamabad has the finest investment districts to offer.
Karachi: It also has a lot to offer to the overseas Pakistanis, back in the city. DHA and Bahria Town, without a doubt should be the first priorities of investors. Other worthwhile opportunities include: Chapal Skymark and Park View Apartments.