Several Problematic as well as Beneficial Housing societies in and near Islamabad, Pakistan

 

(Source: Pixabay)

Several housing societies came to market during the time from 2016 and after. Considering the history, during 2003 to 2005, a boom came in the context of housing societies. However, after October 2005 Earthquake, real state sector went down. After that several societies, including Jeddah Town and Green City, came and go. After that from 2006-2007 to 2016-2017, no significant housing society came. However, only old societies keep working. After that due to remittance, some housing societies started working.

In this case, some of the societies are still present that are present on-ground but there is no development in those societies. Among these societies, some are Kingdom Valley, where development is very slow; GFS Society, where development is almost negligible; Nova City, where development started but then stopped; Mivida city, is also not working; Avalon city, which is almost silent; Hawks Melbourne, which is also almost silent; Forest Town, Islamabad, is also almost silent; Saffron City is also almost silent; Mega City, Gujar Khan, is also almost silent; and Abdullah City, Al-Makkah City, and Capital Valley city are also almost silent.

Aside from these societies, there are also other, where some development is taking place, though sometimes development is more and other times less. Among these societies are, Taj Residencia, where previously development speed was slow, but now it is better; Park View City, is also a good housing society and has taken NOCs from government; Blue World City, is also showing development on a large scale; Capital Smart City is also working good; Faisal Town Phase II is also showing good development; Silver City has also taken NOCs from all departments of government and is working on about 5000-7000 kanals of land; New City Phase II and Kohistan Enclave are also developing; and New Metro City, Gujar Khan, is also developing.

Nevertheless, in the case of plots, it is essential to bring plots on-ground or take possession-able plots.

Source:

Gondal Group of Marketing Islamabad - 22 Fraud Housing Projects in Islamabad Rawalpindi | Beware Property Frauds | Scam Housing Projects - https://www.youtube.com/watch?v=5UnoAxUthLk

Overseas Pakistani may need to invest in Pakistan

(Source: Pixabay)

It is usually said by Pakistani people living abroad that they are not investing in Pakistan, as its situation is not stable. However, it has to be considered that only about 10% people living abroad can afford property in those countries. Many people have not much money to purchase property abroad. Therefore, it needs for them to purchase some property in Pakistan. Usually, people living abroad can purchase plots, flats, or shops in about 200 or 300 pounds saving per month. In the sale and purchase of property, people have to consider that it has certain cycles of ups and downs of payments. For instance, in almost every politician’s time, property have gone up and then down. In Dubai, where there is no obvious politics, prices of plots go up and down. Nevertheless, overseas Pakistanis can purchase property in lower monthly payments as compared to the past.

Source:

Property Naama - Overseas Pakistan Can’t Afford To Buy Property In Abroad? Why To Invest In Pakistan? Reason 2024 - https://www.youtube.com/watch?v=l9z6EXHmLf4

Factors in the decline of prices in DHA Phase 5, Rawalpindi/Islamabad

(Source: https://www.dhai-r.com.pk/phase-detail/phase-v)

DHA Expressway is present in DHA Phase 5. This phase already has several important buildings, including Novacare healthcare, Caltex petrol pump, McDonald’s, and DHA’s main building. Considering this development, many private agencies have also started their developments in this area. Earlier this year, an 8 marla plot was available only at about 10 crores, and even 4 marla plots have the price in the range above 4 crores. Now, the prices for 8 marla plots have gone down to about 9 crores to 9.5 crores, and 4 marla plots are now at about 3.65 crores.

Considering the reasons behind the decline in prices, even with the presence of all different types of positive factors, it can be noted that after budget, commercial plots got Federal Excise Duty (FED). So, when someone gets a plot in DHA, they have to pay not only Advance Tax but also FED and DHA Membership Fee. These extra burdens of taxes result in the decline in prices. Another reason is the presence of businessway where people have started showing interest leading to a decline in prices near DHA expressway. Then, the development of Central Commercial, where banks, parks, and plaza with rents can be found. These three factors can be considered important in the decline in prices. However, the completion of DHA headoffice in phase 5 (by December 2025) and the completion of other famous areas (already mentioned), such as Novacare hospital (by 2026 or 2027) can eventually increase the prices of plots.

Source:

Property Gupshup - 😱BIG DROP in price on DHA Expressway | Property Gupshup - https://www.youtube.com/watch?v=UKd0jHytuco

Profitability in Capital Smart City, near Islamabad, Pakistan

 

(Source: https://www.smartcitypk.com/overseas-launch)

Capital Smart City is one of the housing societies in Islamabad, Pakistan. It is said that plots in Capital Smart City are experiencing profits. People who got plots in Prime One also experience further benefits of achieving their plots and make their homes. It is also said that people from Villa Apartment are also experiencing profits. In this area, people having 5 marla plots can get about 35 lacs to 40 lacs of profit. Considering people with 10 marla plots in this area, who acquired plots in about 1.35 crores to 1.40 crores, now may get about 3 crores for their plots within 4 years. People from Executives also experience profits. On the other hand, people with balloted plots in Executives, and now shifting to other areas, may experience loss. However, chances are high that they would get profit. Eventually, people with plots or balloted plots in Overseas may get good profits within 5 years of possession. This is because this area gets such a way that comes while moving from Motorway to DHA Gandhara, Faisal Town, and Blue World City. So, Overseas Central is one of the most important and beneficial area in terms of property profits.

Source:

Tayyab Sethi Podcast - Capital Smart City Overseas Block Investment | Whic Block Is Most Profitable For Investment - https://www.youtube.com/watch?v=0YUgPC0rgZM

Taxes on property related businesses are high

(Source: Pixabay)

FBR in Pakistan is posing some taxes on property business. In the Top City Housing Society, the transfer fees of 5 marla plots is about 2.67 lacs for the buyer and 1.56 lacs for the owner of the property. In this housing society, the rate of the plot is about 70 lacs. FBR is also increasing the DC rate. For instance, if previously, DC rate of a 70 lac rupees plot was 35 lacs, it would increase to about 50 lacs to 55 lacs. In this case, property teams and Islamabad Chamber of Commerce have to arrange meetings with FBR, as many people in FBR may not have this much experience about property. For instance, people with salaries may not be able to understand the property-related business.

Source:

Gondal Group of Marketing Islamabad - FBR New Taxes on Real Estate Sector, FBR Tax 2024-25, Property Sale-Purchase TAX Islamabad Pakistan - https://www.youtube.com/watch?v=WxG_E2fCJmc&t=19s

Some reasons regarding why people experienced losses in real estate

 

(Source: Pixabay)

The real estate business found a novel trend during 2016 to 2017. It started integrating social media. After that time, many clients started looking social media. However, mostly people have experienced losses after this. One of the main reasons for losses is that people have not done investigation on their own and often started investing in Files in societies.

Another point to be considered is that on installment plan, you may not find property in Islamabad. You may have to go outside of Islamabad in new housing societies. Usually, these installment plans are associated with long term investments that may range from 8 years to 10 years, but people may start getting panicked within 3 years that why I am not getting profit. One thing, in case of fraud, you may note that the housing society has not done any progress for the last 2 to 3 years, and still calling clients to get plots. The housing societies that are constantly doing something on ground for clients can be considered authentic and can be asked for payments on installments.

Source:

Gondal Group of Marketing Islamabad - The Main Reason for Losses in Property Investment | How to Prevent Property Losses And Frauds - https://www.youtube.com/watch?v=4h6bln9ewwA

Briefly about Taj Residencia, Islamabad

 

(Source: https://tajresidencia.com/)

Taj Residencia in Islamabad is the project of Sardar Group, who also have the ownership of Centaurus Mall in Islamabad. This society has also announced the building of second Centaurus Mall. In this area, villas have already been launched, the prices of which start from 1.65 crores for 5 marla villas. In this area, cash plots are also available. On installments, 5 marla may start from 35 lacs, but mostly cash plots are available.

Source:

Octa Plus Marketing  - Taj Residencia Islamabad Latest Site Visit |Possession Plots , House & Villas | Development Updates  - https://www.youtube.com/watch?v=W9K79xlUu-Q

Prices of 5 marla plots in some of the societies near Islamabad, Pakistan

 

In the case of real estate, it has to be noted that it is going well at this time. During the year 2024, prices have already started moving towards betterment, as the country’s condition is improving. Nevertheless, considering the investment for short-term, it can be considered that you may invest in any housing society available to you. In the case of long-term investment, in which you may need to invest through installments, you may have to go outside of city.

Near Airport (in Islamabad), there can be different areas (societies) in which 5 marla plots can be purchased (considering long term investment). Blue World City is considered as the last society from Rawalpindi and Islamabad. In this area, 5 marla plots are available in the price range of 15 lacs to 18 lacs. In the Overseas block, 7 marla plots are available in the price range of 18 lacs to 20 lacs. After this Capital Smart city comes, in which Overseas East lies, where the prices of 5 marla plots may range from 28 lacs to 32 lacs. In the Faisal Town Phase 2, developed by Chaudhary Abdul Majeed sb, 5 marla plots are available in the price range of 22 lacs to 26 lacs. It has already completed balloting. In the Silver City Housing Society, 5 marla plots are available in the price range of 18 lacs to 25 lacs. Silver City is one of the most recommended areas to purchase plots. In the I-16 sector, 5 marla plots are available in the price range of 25 to 30 lacs.

Otherwise, Airport Green Garden, 5 marla plots are available in the price range of 50 lacs to 70 lacs. In the Top City, 5 marla plots are available in the price range of 70 lacs to 85 lacs. In the Faisal Town Phase 1, 5 marla plots are available in the price range of 80 lacs to 90 lacs.

Source:

Gondal Group of Marketing Islamabad - Top 10 Housing Projects Near Islamabad Airport, Price Comparison, LowCost Plot For Sale in Islamabad - https://www.youtube.com/watch?v=3J_5p4aw1e4

What to do or check while purchasing a plot?

(Source: Pixabay)

It seems good, if you would purchase a shop in a mall or somewhere, rather than purchasing a plot, as it would start giving you rent immediately. Or a house to give you rent or a land, which is on “theka.”

Nevertheless, one of the buying strategies to purchase plots is to purchase several smaller plots rather than purchasing a large land. In this way, your investment will be diversified and risk would be reduced.

It is also important to consult at least three people, three experts.

Do not rush, take your time. For instance, if you would be in hurry, you may purchase a dipped land or a hill, and these are useless in terms of building houses.

Think and work on location. For instance, people may look for the future developments regarding the location, and may purchase a plot. For instance, in Jinnah avenue, Islamabad, one kanal can be sold at about 100 crores.

Reverse commission can be used in terms of purchasing plots. For instance, you may go to the commission agent, and say that I want to purchase a plot at lower prices, and the lower the price of the plot, the more commission I will give to you.

It is also important to check the maintenance charges of the plot. In some cases, maintenance charges can be more than the price. In this case, you may give some amount of your rent (from houses or shops) in maintenance charges.

It is also important to check whether gas, water, and electricity are available.

Also check that the plot is not land locked, which is related to the point that the land is locked and streets or ways in the surrounding are locking the land to reach inside. If there is road with the plot, its resale value increases.

Do research, before purchasing a plot. In this case, you may go to zameen.com or olx, or offices of property agents. You may also ask neighbours. Eventually, do not go with rumours.

Source:

How To Buy A Plot | 10 Tips to buy Property in Pakistan - Azad Chaiwala - https://www.youtube.com/watch?v=Jdg9u0H47lA

A reason behind the decline in prices of plots

(Source: Pixabay.com)

In the real estate market, prices are down for the past several months. In this case, government policies obviously have some effect, the lack of commitment of most of the people involved in new housing projects is also an important factor behind the decline in prices. For instance, developers may say that this is our land; this is the time in which we would complete our work, etc. but they are not fulfilling their commitment. In this case, it seems imperative talk about them. In most of the cases, our marketing companies, for their own profits, don’t talk about them. It would also be important to note that most of the developers talk their money, which they have gotten from clients, in some other projects that result in the decline in the progress of the clients’ work.

Source:

MASS Global Marketing-MGM - Real Estate Fraud Alert | Real Estate Business in Pakistan #Pakistan #RealEstateBusiness - https://www.youtube.com/watch?v=PXlPktPNcjs

Prices in Block E, Phase 8, Bahria Town, Rawalpindi/Islamabad, Pakistan

 

(Source: https://bahriatown.com/)

Bahria Town, Phase 8, has Block E containing different parts, including E1, E2, and E3. E block has mostly the sizes of plots in the range of 10 marlas, though some plots are also available in the size of 1 kanal. The middle ring road side of this area is not only heighted but also has higher prices, such as in the range of 1.25 crores, while the other side from middle ring road has plots in the size range of 90 lacs. During the last 1.5 to 2 years, prices have gone down about 20 lac rupees. Nevertheless, all E1, E2, and E3 areas are possessionable. In the E1, the prices are in the range of 90 lacs to 1 crore. E1 is also a heighted area. In E1, some plots of 6 marlas are also available, the prices of which are in the range of 75 lacs. E2 and E3 have 5 marla plots. In E3, 5 marla plots are available in the price range of 60 lacs.

Source:

Bahria Town Rawalpindi Phase 8 E Block | Price Latest Updates | Advice Associates - Advice Associates - https://www.youtube.com/watch?v=y7f0xpBmp6c

Some of the most important sectors in DHA, Islamabad/Rawalpindi, Pakistan

(Source: https://www.dhai-r.com.pk/)

Considering the popular sectors of DHA Islamabad/Rawalpindi, Sector A, Sector B, Sector C, and Sector K, are among the most popular sectors. People living in these areas can have access to basic facilities, including banking, saloons, parks, schools, etc. Sector K is also near Golf Course. Considering the prices of most of the plots in Sectors A, B, and C, prices may range from 2.5 crores to 4.5 crores. Plots near main boulevard could be somewhat higher, such as near 3.25 crores. On the other hand, plots away from main boulevard and plots in low-lying areas can also be obtained at lower prices. On the other hand, plots in Sector K can be in the range from 3.5 crores to 4.5 crores.

Source:

Property Gupshup - 💥MOST WANTED sectors in DHA Islamabad Rawalpindi | Property Gupshup - https://www.youtube.com/watch?v=tFVtnk-XpWM

Six important factors that can lead to increase in property rates and real estate business

 

The real estate market in Pakistan is going to go up during the next 4 to 6 months. The current account deficits in Pakistan would decrease that can help in improving the real estate market. This decrease can be linked to the amount/payment provided by IMF. Moreover, China, Saudi Arabia, and Russia are going to invest in Pakistan that can also help in improving economic stability. So, this foreign investment would help in the next few months.

Another point is that people from foreign countries would send money to Pakistan in the form of remittances that can also positively affect the real estate market. For instance, if we compare August from September, there has been about 29% increase in foreign remittances.

Another interesting thing is that inflation is very much controlled during the past several months. It is not increasing, and this is a positive sign. This helps people in thinking about things other than day to day operations, such as real estate.

It is also important to note that the devaluation of Pakistani Rupees in comparison to Dollar has stopped. Pakistani Rupee is very much stable at one place. This is interesting, as people may stop investing in money trading and may stop investing in other options, such as real estate.

The interest rate is also an interesting and important factor. It is gradually decreasing that can also lead to increased investment in other options. In 2025, it is said that interest rate would come in single digit.

Pakistan’s exports are also increasing that can also result in increased investment in real estate. Exports result in more inflow of dollars, which is beneficial.

Source:

Asaan Home - Nobody Tells You About Pakistan's Real Estate Crisis | Which Projects are Profiting BIG Right Now! -  https://www.youtube.com/watch?v=K6eCIlrayrM  

Some of the valuable societies in/near Islamabad, Pakistan

 

In Pakistan, there are some of the housing projects that may experience an increase in rates. Among the top-rated are those located near Chakri Road. These projects either experience the rates at a good level as that of previous level, or at a profit level. Among the different large projects facing good developments near Chakri Road are Capital Smart City. Another project is Phase 2, Faisal Town, in which one of the high level of developments has already been started. They are also legitimate developers, so the chances of higher rates are good. Blue World City project may also experience an increase in the rates of plots. Considering Islamabad, Park View City is experiencing good results. Overseas block in this area may experience good profits, especially those which moves from non-balloting to balloting. In the Gujjar Khan, New Metro City may also experience the return of good amount within the next six months to one year. It is also important to note that plots that are present on ground are already in good amount, while some of the plots which are only in files could be in negatives. Societies that are developing are experiencing good profits. For instance, in Faisal Hills, almost every file is in profit, as it is going through good development.

Source:

PROPERTY NAAMA - Rawalpindi & Islamabad Housing Society Next Year Profit & Loss Comparison | Market Analysis 2024 - https://www.youtube.com/watch?v=yx2w2M9N7Ds

Some of the reasons behind the growth of DHA phases in Rawalpindi/Islamabad

(Source: https://www.dhai-r.com.pk/)

During the years from 2022 to 2024, almost all sectors (in real estate) in Pakistan faced loss, except some projects that are successful even now. For instance, DHA Rawalpindi/Islamabad, has experienced a good level of profit during the past two years, as compared to all other projects. For instance, considering DHA Phase 2, the property that was about 3 crores to 3.15 crores during the end of 2022 or the start of 2023, now (in 2024) that is about 5 crores to 5.5 crores, and considering DHA Phase 5, the property that was about 1.5 crores to 1.75 crores at that time, now that is about 3 crores to 3.25 crores. This is about 80% to 100% return on investment (ROI).

There can be different reasons for the success of DHA project. One of the first reasons relate to property location, and another reason is that of who’s taking your money, i.e., who is the project developer. Behind DHA phases, project developers are related to Army Welfare Trust (AWT), which is very strong project developer. The AWT is headed by lieutenant general. This is one of the reasons that the people who purchased property in DHA get one of the most secured properties. It is also important to note that even though the economic situation is not good, people have not stopped making homes in DHA.

Another reason is that DHA phases in Rawalpindi/Islamabad have gotten two interchanges through Islamabad Expressway during the past two years. People have found it easy to enter DHA through Islamabad Expressway.

Source:

Makaan Solutions - Real Estate Success: Why DHA Rawalpindi & Islamabad Stand Out (2022-2024) | Makaan Solutions - https://www.youtube.com/watch?v=oqFAFa7SnM8

Some of the factors related to increased real estate businesses in the next few months

(Source: Pixabay)

Even though Pakistan has faced economic crisis during the past several months, it will experience very good situation in the coming six months (such as up to March/April, 2025). An important reason is that IMF approved Pakistan package. It will help in stabilizing the price of dollar in the coming months. It would also help in controlling inflation rate. The interest rate has also gone down from 22% to 17%. It is expected that real estate will experience 5% to 20% increase in rate. It is also expected the electricity prices will go down. Moreover, petrol prices would also go down. New currency notes are also in designing phase, and probably by December they will be finalized, and within next four to six months they will be approved. This can also affect real estate business. For instance, in Faisal Hills, 5 marla plot is available in the price range of about 25 lacs, it would experience an increase in 2.5 to 3 lacs.

Source:

Awan Associates - Pakistan's Property Market: An In-Depth Analysis of Trends and Challenges for 2025 | Awan Associates - https://www.youtube.com/watch?v=QubORrWAvR0

Pakistan’s current economic situation and real estate market forecasting

In the Pakistani Market, people are experiencing ups and downs. The same thing happens with real estate market during the past few years. More focusedly, it can be said that people who have invested in real estate have experienced losses during the past few years. Usually, businesses are linked to stability of the country. However, recently some changes have been made in the country.

During the years from 2020 to 2022, real estate market experienced a good boom. People purchased many properties leading to an increase in the rates of properties. For instance, people have also earned up to 100% to 150% profits. However, after that country’s condition worsened and economic went down.

During 2022, banks started increasing their interest rates, and by the mid of 2023, interest rates went to about 21%. This change in interest rates lead to the placement of money in banks by investors after taking money out of all other investment options. This placement of money in banks also resulted in an increase in banks’ businesses during the past two to three years. The interest rate, by the end of 2024, would go to 14% to 13%. Similarly, government bonds have also seen a decline in percentage.

Nevertheless, in Pakistan, it has been predicted that its economy would grow by about 3.2% in fiscal year 2025 (FY25) that is an increase from 2.4% last year. Some foreign investors have also started sending money to Pakistan.

All these aspects would lead to the movement of money from banks to economy and in different businesses. Similarly, big companies and corporates would also take their money from banks and put in different businesses.

Money would either go to Stock Market, but this market has also crossed its all time high, or to the real estate. In the case of real estate, people from overseas have also started showing their interest. So, this can be one of the best times to purchase property.

Source:
Takhleeq - Real Estate Market Update: Latest News & Impact | Takhleeq - https://www.youtube.com/watch?v=nz2YmkYo2tc

Five well-known societies in Islamabad, considering real estate business

(Source: Pixabay)

In Islamabad, some of the well-known societies include ParkView City, Capital Smart City, Lakeshore residencia, New City Paradise, and Kingdom Valley. All of these societies have already achieved their NOC, except ParkView City for which Phase 2 (extension) is going to be approved soon.

Capital Smart City is the project of Habib Rafiq Group, and is developing near new Airport. This project has also an approved its own interchange on Motorway. Most of the residential areas, amenities, and commercial areas have already been developed in this project. It has also started an Overseas West Block, which is also closely adjusted to interchange. DHA Gandhara project is also adjacent to this society. Nevertheless, the Overseas West project in this society has different options of plots, including 5 marlas, 7 marlas, 10 marlas, and 1 kanals.

ParkView City, Phase 2, also has residential plots of 5 marlas, 10 marlas, and 1 kanals. This plot has some of the most attractive amenities, such as dancing fountains and food court. The return on investment is also higher in this area. For instance, 5 marla plots were purchased by people in the price range of 35 lacs but now they are at a price of about 1 crore 30 lacs.

Lakeshore city is available near Khanpur Dam. It is such a project in which KPK is also interested. It is also one of the most beautiful projects. It has different plot options, including 5 marlas, 7 marlas, and 10 marlas.

The New City Paradise is near Burhan Interchange. It suits very much to the people from KPK and Hazara, or Wah Cantt. Or Attock. It’s 5 marla plots are attractive options.

Eventually, Kingdom Valley is a project developing at Chakri Road. It can also be considered one of the most marketed projects in Pakistan. A project, namely BlueWorld City, is also located near this project, but it was an unsuccessful project, despite the investments of overseas people, because of its NOC.

Source:

Saad Ali Khan - Big Discounts & Exclusive Real Estate Deals: Discover Islamabad's Top 5 Trending Housing Societies - https://www.youtube.com/watch?v=cDKeuWvaL5s

Post 30/30: It is better to understand real-estate, rather than going with the flow

 

(Source: Pixabay)

I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Right Time To Invest in Real Estate | Buying & Selling Time , Profit & Loss Comparison Tips 2024” on the channel “PROPERTY NAAMA”.

In this video, the host discusses about the issue of our people who used to sell when the prices are in decline and used to purchase when the prices are increasing. They say that at this time, real estate is in a sort of “slum” and at this time, it is imperative to hold the property or buy the property. It will soon increase in prices. Today, when property is at a very low level, people are not purchasing, and when these will go up, people will start purchasing. The host also shares that most often when you say people to do something they don’t do that and vice versa. This issue has always been beneficial for “developers” and real estate agents or consultants. The host also tells that people are always “panicked.” They are fearful of a cry related to “sell it.” Sometimes, panic is also generated, and people find it difficult to find right people and advise. Without panicking, you can become positive, and can start thinking in a good and right manner that is beneficial in real estate business.

Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash

Sources:

PROPERTY NAAMA  - https://www.youtube.com/watch?v=Fz9HCZrRkAc

Post 28/30: Brokers can cheat with clients in real estate business

(Source: Pixabay)

I thought of learning about different aspects of Pakistan, as I want to do something for it. Therefore, I started with some of the well-known indices or reports that would help me in gaining more information about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan

Now, I have been learning about real estate business in Pakistan. I have started from Youtube videos and hopefully during my learning Journey, I will get some more useful resources to move ahead in this learning and perhaps entering into the real estate business.

I have seen a video, titled, “Fraud Alert | Big scame in real estate Pakistan | DHA Islamabad | Bahria town | Gulbarg green,” on the channel “Roznaama Property”.

The host shares that policies in Pakistan are among the reasons for the decline in real estate market. Moreover, the interest rates (which were increased) also resulted in a decline in this market. Another important reason is that people associated with the business of real estate are illegitimately taking the dues (haq) of other people. For instance, brokers often “eat” the rights of other people. These types of real estate agents often develop fake offices (with girls) calling people who want to sell or purchase property. The host shares that even about 4 years ago, the real estate market was rarely or not facing these types cheatings, but now the situation has been changed. Sometimes, dealers say to the clients that you can merge your plot in our projects and can get a good profit in return. Some of these cheaters often take big cars on rent to attract clients.

Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash

Sources:

Roznaama Property  - https://www.youtube.com/watch?v=jQqMQp_41sg