Real Estate Business In Pakistan: Is It A Good Investment? Ft. Wahaaj Nauman Qureshi

[Genghis khan1]

In my recent trip I wanted to buy land or start a join project with friends for a commercial property/ plaza. I was advise from every corner, that I will lose property. There are fake owners, sellers qabza mafia and so on. Expect very few expensive areas.

 

[kingQamaR]

Most Pakistan areas sadly are now a mush mash of concrete jungle. Avoid of any Gov control of planning regulations. These rich Pakistanis just randomly and nilly Willy set up their building without caring for things like fitting in with the rest of areas. Building malls without onsite parking comes to my mind to

 

[_NOBODY_]

In my recent trip I wanted to buy land or start a join project with friends for a commercial property/ plaza. I was advise from every corner, that I will lose property. There are fake owners, sellers qabza mafia and so on. Expect very few expensive areas.

Buy property in legit areas. My father never saw any of his plots in DHA, that's how safe a plot is in DHA. Bahria Group is also legit. All societies that are controlled by the military are secure such as Fazaia Housing Scheme, AWT, Naval Anchorage and Askari. Make sure that banks are offering loans for construction in the society that you are investing in, if banks are willing to give loans that means that the society is legit and secure. Also, make sure that the land is approved by the development authority of the city it is in. Bahria is the only gigachad society where one can invest despite the land not being approved by the development authority of the city. Malik Riaz is simply too powerful, retired military personnel work for him.

 

[_NOBODY_]

Most Pakistan areas sadly are now a mush mash of concrete jungle. Avoid of any Gov control of planning regulations. These rich Pakistanis just randomly and nilly Willy set up their building without caring for things like fitting in with the rest of areas. Building malls without onsite parking comes to my mind to

Thankfully this sh*t doesn't happen in proper societies like Bahria and modern DHA.

 

[HAIDER]

We have a major housing shortage in UK .

start DHA scheme, contact the Pakistani govt.

 

[Asimzranger]

One thing which i like is the solution they gave, for housing crises is to regularize bank to give home mortgages easier to people and also regularize real estate brokers. and stop plot files buying.

 

[HttpError]

One must stay away from all investments at the moment, rising interest rates, hyperinflation and looming global recession are bad signals.

I have burnt my hands in all modes of investments in the last three decades. Timing is the key, always invest what you can lose.

Nevertheless, property investment always pays off in the long run.

Share more how you burnt your hands in investment.

Unfortunately, every single of our leaders is a scumbag of epic proportions. I just hope that one day the private sector becomes strong enough to completely take control of our entire country. This will have a lot of disadvantages but at least there will be meritocracy and our country will start developing properly.

Zameen mili Banjar, Politician mile Kanjer.

 

[Genghis khan1]

Buy property in legit areas. My father never saw any of his plots in DHA, that's how safe a plot is in DHA. Bahria Group is also legit. All societies that are controlled by the military are secure such as Fazaia Housing Scheme, AWT, Naval Anchorage and Askari. Make sure that banks are offering loans for construction in the society that you are investing in, if banks are willing to give loans that means that the society is legit and secure. Also, make sure that the land is approved by the development authority of the city it is in. Bahria is the only gigachad society where one can invest despite the land not being approved by the development authority of the city. Malik Riaz is simply too powerful, retired military personnel work for him.

Idea is to buy cheap land and develop like these mafia societies. Some of my fiends are building plaza in Mumtaz city, i was told that to get simple approvals from RDA every step file ko piyae ligany perny. Rs 150,000 before Rs 150,000 after approval.

So I was told, project to develop new large land, is not doable because of fake claimants, legal system and land mafia.

Thankfully this sh*t doesn't happen in proper societies like Bahria and modern DHA.

Because it already happened to areas where these society are build upon. Big fish already ate all the small once.

 

[AZADPAKISTAN2009]

Nah Bro

1- Until Imran Khan is back
2- Voting rights for Oversea Pakistan
3- Better Human Rights
4- Better Courts or Police

Us Working class don't have this luxury

May be the cookie maker (Miftah) will have better $$ or the IMF dar guy with his black money

Bringing in $$ to Pakistan with Vultures waiting is a bad idea in current environment

Most people are parking now the $$ in UAE

You get top Infrastructure
You get top Roads
Top Vehicles
Great lifestyle

 

[CrazyZ]

Real estate is a good investment for the individual but from a national development perspective.....its not as productive as capital investments. Same with gold.....good for the individual but doesn't boost an economy from a national perceptive.

 

[nahtanbob]

I will only speak for Lahore since I live here. In Lahore vast majority of middle-class and lower middle-class live in rented accommodations. I don't have access to concrete data due to which I can only describe the situation based on what I have observed. The culture of the joint family system is rapidly dying in Lahore; consequently, this has created further demand for housing. Currently, the demand for plots and luxury houses has declined but the demand for non-luxury houses is still there. Unless we see an amnesty scheme by the government for the real estate sector, property prices may stagnate for a while. Moderate residential apartments are selling like hotcakes. There is an urgent need for affordable housing in Lahore.

won't middle class imply some kind of home ownership ?

 

[Trango Towers]

Unfortunately, every single of our leaders is a scumbag of epic proportions. I just hope that one day the private sector becomes strong enough to completely take control of our entire country. This will have a lot of disadvantages but at least there will be meritocracy and our country will start developing properly.

Bro how can anything change when we ourselves are not willing to change.
Examine any household or family. Just to get a simple job done they will willingly pay bribes and then scream we are paying bribes to the haram khor when it's you that's encouraging them. That's just one example.

 

[StormBreaker]

One must stay away from all investments at the moment, rising interest rates, hyperinflation and looming global recession are bad signals.

I have burnt my hands in all modes of investments in the last three decades. Timing is the key, always invest what you can lose.

Nevertheless, property investment always pays off in the long run.

Haram kamaye ga noon league ke utha kar to barbad hi hoega bhai.

No need for any debate or reply

 

[_NOBODY_]

won't middle class imply some kind of home ownership ?

No, even in the big cities of the US the middle class can't afford to buy a house.

 

[nahtanbob]

No, even in the big cities of the US the middle class can't afford to buy a house.

that is a recent development in the coastal regions of the country

Most of Texas, Florida, Midwest, Deep South, Southwest outside California are affordable