According to survey reports, the real estate sector in Pakistan has become the second largest employer platform after the agriculture sector for the people of Pakistan. It is becoming a multi-million dollar industry in the country. It can be measured by the domestic real estate market value assets, which is almost 700 billion U.S dollars. Moreover, it also contributes over 2 percent of total GDP shares of housing and overall real estate sector for the economy of Pakistan. The Pakistan’s real estate industry is providing a backbone for urban economy.
The real estate sector has been associated with industries and businesses in most of the countries. All these elements make it a perfect industry and most of the businesses cannot survive without this sector. Most of the associated industries with the real estate sector in Pakistan include Cement, Bricks, Blocks, Marble, Steel, Sanitary, Aluminum, Furniture, Wood and Paint industries. All these services providing and manufacturing sectors are directly or indirectly connected with the real estate sector in Pakistan. These all industries are performing a crucial role in providing employments to thousands of Pakistani people.
The major reason behind this hazard is rely on original characteristics that how the real estate industry is still dynamic in Pakistan for many years, but it is now growing handsomely. According to a survey, people of Pakistan don’t buy new property or plots for new construction of their home, most of them who have their own house just buy plots for investment purposes. The property rates in Pakistan are increasing significantly, that gives heavy profits to the investors in buying and selling properties. So, buying and selling properties remains in flow 365 days in Pakistan, which is boosting the real estate industry and encouraging the local and foreign investors to become a part of this industry.
Another major reason is shortage of houses in Pakistan, which involved most of the investors to invest in this industry because owning a house is a dream of every Pakistani citizen. Some people easily getting properties, but they are too short. Pakistani people are working hard to own their house and to fulfill their wishes. These people are becoming the major part in fueling the real estate business in Pakistan.
The real estate sector has been associated with industries and businesses in most of the countries. All these elements make it a perfect industry and most of the businesses cannot survive without this sector. Most of the associated industries with the real estate sector in Pakistan include Cement, Bricks, Blocks, Marble, Steel, Sanitary, Aluminum, Furniture, Wood and Paint industries. All these services providing and manufacturing sectors are directly or indirectly connected with the real estate sector in Pakistan. These all industries are performing a crucial role in providing employments to thousands of Pakistani people.
The major reason behind this hazard is rely on original characteristics that how the real estate industry is still dynamic in Pakistan for many years, but it is now growing handsomely. According to a survey, people of Pakistan don’t buy new property or plots for new construction of their home, most of them who have their own house just buy plots for investment purposes. The property rates in Pakistan are increasing significantly, that gives heavy profits to the investors in buying and selling properties. So, buying and selling properties remains in flow 365 days in Pakistan, which is boosting the real estate industry and encouraging the local and foreign investors to become a part of this industry.
Another major reason is shortage of houses in Pakistan, which involved most of the investors to invest in this industry because owning a house is a dream of every Pakistani citizen. Some people easily getting properties, but they are too short. Pakistani people are working hard to own their house and to fulfill their wishes. These people are becoming the major part in fueling the real estate business in Pakistan.