Pakistan’s pace of development during the last three years has seen some unprecedented highs. This is primarily attributable to the China Pakistan Economic Corridor, which through its USD 65 billion investment is generating economic activity through all sectors of the economy. As economic activity increases, it translates into employment generation. When we talk of employment under CPEC, the first thing to consider is how it is being generated, and in which sectors. For this reason, in this blog we have adopted a sector-wise approach to understand patterns associated with employment generation under CPEC.
CPEC is fast reaching completion in Pakistan
The first phase of CPEC was from 2015 to 2020, when infrastructural and energy projects were constructed. The start of year 2021 for CPEC has been highlighted as a milestone for ensuring people-to-people connectivity, which essentially means that a series of business investments are coming into different sectors of Pakistan’s economy. This will create opportunities for business-to-business collaboration; and allow Pakistani locals to expand their operations, while at the same time creating opportunities.
The most prominent example of this is the establishment of Special Economic Zones (SEZs), which are dedicated areas for setting up of industries and manufacturing units. There are four main SEZs under which work has already begun, however, more are proposed to be constructed and operationalized soon.
The main idea behind the SEZs is to set up industries specific to the area they are based in. This gives competitive advantage to the SEZs, and also ensures a steady supply of skilled laborers. In this way, the SEZs aim to harness the existing potential of the areas they are based in. Moreover, in order to facilitate businessmen, all enterprises under the SEZs have been exempted from taxes for 10 years.
However, work on colonization of the SEZs is still underway, and much of the skilled labor is being utilized in various sectors as CPEC projects assume fast pace.
Gwadar poised to become an economic hub
Employment statistics have increased in CPEC areas where development projects are being pursued at a fast pace. Already, over 75,000 locals have been given jobs under various CPEC projects, while experts predict that by the year 2030, 2.3 million jobs for locals will be created.
Chairman CPEC Authority, Lt Gen (retd.) Asim Saleem Bajwa has also highlighted that through CPEC, Pakistani has been able to boost production under the agricultural and industrial sectors, as well as create job opportunities in the energy sector.
Let’s dig deeper into these statistics to understand which have been the most beneficial under CPEC.
The China Pakistan Economic Corridor (CPEC) is being labelled as CPEC For All because of how it’s going to provide job opportunities for everyone; the skilled and unskilled labor. For this reason, we look at the various sectors where jobs are being created.
Infrastructure is rapidly being developed under CPEC
A 2018 study, titled “Employment Generation and Labour Composition in CPEC and Related Road Infrastructure Projects,” by Dr. Shahid Rashid, Muhammad Muzammil Zia and Shujaa Waqar, notes the following statistics on CPEC’s infrastructural jobs.
Under CPEC, infrastructure, being one of the two sectors where investment first came in, has developed rapidly. In the first phase, six early harvest projects were introduced. These are:
As of 2018, for KKH, 7,800 jobs were created, with a 76% percent share of Pakistani professionals.
In the Multan-Sukkur section of Peshawar-Karachi Motorway 15,174 people were employed. Meanwhile, in the Lahore-Multan section, 17,246 jobs were created. In the former project, Pakistani employees account for 91.5% of the total number while, in the latter project, more than 96% of the jobs belonged to Pakistanis.
The upgradation of D.I Khan is divided into five phases, all of which employed a total number of 6,700 people, all Pakistanis.
The Faisalabad-Multan Motorway comprises two packages, which employed 3,640 total laborers; only 97 of which were Chinese.
During the construction and operationalization of E-35 Expressway, 1,020 people were employed with 98% participation from Pakistanis.
Another key project in this regard is the Orange Line Metro, Pakistan’s first electric train system, which, as it operates, will continue to contribute towards the socio-economic well being of the area.
Significant progress has been made in the energy sector of Pakistan as a part of CPEC
Under CPEC, 22 energy projects have been finalized. Of these 22, nine have been completed and are operational.
The first project to be completed is the Sahiwal Coal Power Plant. Moreover, in 2021 it has been announced that Pakistan has attracted about 50% of total BRI’s renewable energy investments.
For this reason, projects such as Karot Hydropower project and Jhimpir Wind Farm have been introduced in the country. Overall, Pakistan and China have 24 cooperation projects with a scale of 12,282 MW of energy.
Overall, there are 10 prioritized (or early harvest) energy projects, while 4 have been newly added which are primarily renewable energy projects including Kohala Hydel Project, Cacho Wind Power Project, Western Energy Ltd Wind Power Project, and Azad Pattan Hydel Project. These are in line with PM Imran Khan’s vision of having a share of 60% of renewable energy by 2030.
Overall, this mix of energy projects has ensured that there are plenty of job opportunities for locals. For the 16 ongoing energy projects more than 73,000 people have been employed so far. Of this number, the share for locals stands at 63%.
These projects have added over 6GW of electricity to the national grid, making load shedding a relic of the past in Pakistan.
Potential job opportunities, in terms of skilled labor, include openings for the following positions:
Pakistan’s agriculture is boosting under CPEC
There are talks of Pakistan-China cooperation in the agricultural sector as well, since this sector has been included in CPEC projects. As Chinese have expressed interest in Pakistan’s high-quality dairy and meat products, the proposed plans include developing cold storage and food processing facilities, which will enhance productivity in livestock and fisheries sectors as well. Moreover, the Deputy Consul General of Pakistan in Chengdu has also expressed Chinese interest in setting up slaughterhouses in Pakistan. These slaughterhouses will enable meat processing to be done in line with international standards.
For crops, China has promised provision of high-quality machinery as well as seeds and herbicides to boost production of Pakistan’s major cash crops, such as wheat, rice etc. In addition to this, Chinese farming experts are also working to introduce maize-soybean intercropping techniques as soybean is a staple for most Chinese households. Similarly, sea rice along coastal regions, edible floral landscaping, and planting of fruits and vegetables will also take place. Already, Pakistani mangoes and cherries have made their way into China, and as tastes are acquired, there is a greater demand for even more locally-produced fruits and vegetables.
Recently, a pilot project for chili farming was recently completed, and is based on 100 acres of land. According to CPEC Authority Chairman, Asim Saleem Bajwa said that during the next phase 3,000 acres of land will be cultivated with chillies.
All of these initiatives are part of the China-Pakistan Agricultural Cooperation Pilot Zone which is to be up during five years. Under this program, a China-Pakistan food industrial park will also be established in 5 to 10 years, to promote the condiment industry of both countries.
While farmers will benefit from these plans, it’s also going to open up opportunities for agricultural scientists, who play a vital role in increasing productivity and sustainability of crops and animals.
The incumbent government is working to introduce a number of IT initiatives in Pakistan. While many have been launched, various are underway such as the Smart Village Initiative. In addition to these, the Digital Silk Route (DSR) will soon transform how trade is done between Pakistan, China and the entire Europe.
The DSR is aimed at facilitating telecommunications networks, artificial intelligence capabilities, cloud computing, e-commerce and mobile payment systems, surveillance technology, smart cities, and other high-tech areas, for all member countries. As Pakistan makes significant headway towards IT acquisition, it is with China’s cooperation that Pakistan’s IT landscape will significantly improve. Already during the coronavirus pandemic, e-commerce and e-banking has experienced a boom. With Chinese investment and unique skills, more job opportunities and investment avenues will open up.
In recent years, Pakistan’s tourism has expanded leaps and bounds. For this reason, the incumbent government is working toward upscaling its religious tourism which carries immense significance for Hindu communities, Sikhs, and Buddhists as a large number of historical religious sites are located here.
To uncover religious synchronism with China, extensive plans are underway for reviving the ancient Gandhara Trail. This will be of paramount importance for not just the Chinese, but Buddhists located in any part of the world.
This is a Buddhist monastery at Takht-i-Bhai
Apart from religious tourism, there are numerous opportunities for expanding the tourism industry of Pakistani under the country’s collaborative efforts with China. This comes primarily from rebuilding and connectivity efforts in Pakistan’s remote areas, such as Balochistan. Already Gwadar is seeing an influx of tourists as development projects in Balochistan are underway. Rapid infrastructural development is paving the way for tourists to access Sindh and Balochistan’s pristine beaches. Of these, Gadani Beach remains one of the most popular spots.
Already tourism in Pakistan employs a great number of people and with newer initiatives like these, this number is bound to grow.
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Blue World City has been actively working on its projects since 2017, showcasing consistent progress over the past eight years. Here's an update on the current status of various developments within the society. Completed Projects **Gate 2**: Construction is ongoing, but it's nearing completion. **World's Tallest Horse Mascot** **Cadet School** **Multiple Parks** **Two Mosques** **Two Mini Commercial Areas** **One Major Commercial Hub** **Sector One** **Sector Two** **Sector Five**: Infrastructure positioning has been completed. Projects Nearing Completion **12 km Road from Main Gate to Sports Valley**: Still under construction but almost done. **Water Theme Park**: Construction is not yet finished, but significant progress has been made. **36 Serene Villas**: Nine houses are currently being built. **Three Major Commercial Areas**: Construction is in progress. Satellite Imagery Insights A satellite image reveals the development over approximately 25,000 kanals. This includes: **General Block**: Sectors One to Seven **Overseas Block**: Districts One and Two **Sports Valley Block**: Entire area included, though specific balloted areas are not disclosed. Development Speed and Comparisons Despite owning the land, Blue World City's development speed lags behind other societies like Faisal Hills, Capital Smart City, and Parkview City. The slow pace of development has caused concern among investors and residents. Challenges Faced by Investors Many investors, especially those with commercial plots, face difficulties. Files are being sold at a significant discount, and resale value has plummeted. The society has not yet secured a No Objection Certificate (NOC), adding to the complexity and uncertainty. Recommendations for Improvement **Allot Plots in Sports Valley**: Deliver on promises made during sales. **Development Deadlines**: Set and communicate clear deadlines for balloted sectors. **NOC Status**: Provide regular updates on the NOC acquisition process. **Halt Fresh Bookings**: Temporarily stop new bookings to boost resale value. **Commercial Plot Policy**: Develop a strategy to help sell commercial plots. **Merging Policy**: Reopen to eliminate market scraps and improve resale values. In conclusion, while Blue World City has made notable progress, there are several areas that need attention and improvement to meet the expectations of investors and residents.
Gulberg Green Islamabad | Possession and Low price plots today we will show you on ground location plots of Guldberg islamabad waleed with us on site of f1 executive you can see the development work is very fast we have plots available on resale on very reasonable price its a very heighted location price is to much reasonable at the time development little slow but if you compare with possession area price are have very huge different at the time we are complete clear about location Payment Plan and many your questions in the video like At the time just you have to pay down payment of any size like 5 , 8 , 10 , and 20 Marla plots 5 Marla possession plot available in block C You only need to make a down payment initially; the remaining balance can be paid over a three-year plan. allotment latter will be handover by society in 40 days When you purchase a 5 marla plot, the total cost, including development charges, is 19 lakhs. also don't skip video we will cover all project like faisal town 2 chakri road blue world city and b17 islamabad If any society offers plans at very low prices, you need to read the terms carefully, as there may be hidden charges after the down payment is made. also note please Guldberg islamabad divided on 2 parts 1 Guldberg residential 2 Guldberg islamabad greens Guldberg greens farm house prices details 4 farmhouse price starting from 8 crore and 5 10 Kanal also available if you need more information you can call us Habib Elahi Founder CEO Email: advicepak@gmail.com Mobile: 03315454249 WhatsApp: 03315454249 Phone: 051-5179664 At The Time Advice Associates Brings Exclusive Offers for IB and NAB Employees Limited Files For Sale Again Sir habib Prediction for high returns In Future And recommended to Buying these files Also We Have Developed And Possession Plots for sale For Future Details Contact Us Call/WhatsApp: Habib Elahi 0331 54 54 249 Office Address:- Plaza 01, Umer-e-Farooq Avenue, Hub Commercial Phase-8 Bahria Town, Rawalpindi Email: info@advice.pk Website: - https://www.advice.pk Guldberg islamabad ,Guldberg residencies islamabad, #property Pakistan,
Exciting News: Blue World City Announces 5,000 Plots for Possession with Special Discounts and Reduced Development Charges We are thrilled to share a major announcement from Saad Nazir, Chairman of Blue World City. The development has just released 5,000 plots for possession, offering an incredible opportunity for prospective homeowners. Reduced Development Charges and Exclusive Discounts In addition to the availability of new plots, Blue World City has significantly reduced development charges, providing substantial financial relief to clients. The development cost per marla typically ranges from PKR 2,850,000 to PKR 3,000,000. However, Blue World City will cover half of these charges, making it even more affordable for you to build your dream home. For plot holders who secure possession, construction can begin immediately after paying the necessary development and possession charges. These charges are currently set at a reduced rate of 10% to 25%, with detailed information available in the accompanying video. Easy Installment Plans Purchasing a plot in Blue World City has never been easier. Clients can now buy plots through flexible installment plans, making it accessible for a broader range of buyers. Special June Offer: 25% Discount In a generous move to encourage timely payments, Blue World City is offering a 25% discount to clients who pay their dues on time within the month of June. This exclusive offer is a fantastic opportunity to save significantly on your investment. Contact Information For more details and to take advantage of these offers, please contact us at 0331 545 4249. You can also visit our website for further information and assistance with buying or selling plots in Blue World City. Don’t miss out on this golden opportunity to invest in one of Islamabad's most promising developments! and also about blue word city visit our site at https://blueworldcity.pk/.
New Metro City Gujjar Khan is a modern and thriving residential community that offers all the amenities and facilities you would expect from a top-class residential area. Its location, accessibility, and modern amenities make it the perfect place to call home. If you are looking for a safe, secure, and affordable place to live,. New Metro City Gujjar Khan is a rapidly growing residential community that offers modern living and state-of-the-art amenities. Located in the beautiful and serene city of Gujjar Khan, just 20 minutes away from Rawalpindi, New Metro City is becoming one of the most sought-after residential areas in the region. In this article, we will discuss the different residential and commercial plots and blocks available in New Metro City, Gujjar Khan. Understanding Development Charges: The development charges for New Metro City Gujar Khan are crucial to consider when investing in this project. These charges typically include fees for infrastructure development, such as roads, water supply, sewerage, and electricity. Additionally, there may be charges for amenities like parks, recreational facilities, and security services. It's essential for potential investors to have a clear understanding of these costs before making any investment decisions. Development charges for residential plots Plot Size Total Development Charges Initial Payment 24 Monthly Installments 8-Quartely Payment 5 Marla 1,475,000 295,000 30,500 56,000 7 Marla 2,065,000 415,000 42,900 77,500 8 Marla 2,360,000 475,000 49,000 88,500 10 Marla 2,750,000 550,000 56,600 105,000 14 Marla 3,500,000 700,000 72,600 132,000 20 Marla 4,000,000 800,000 83,300 150,000 40 Marla 6,000,000 1,200,000 125,000 225,000 Development charges for Commercial plots Plot Size Total Development Charges Initial Payment 24 Monthly Installments 8-Quartely Payment 2.66 Marla 1,990,000 400,000 41,250 75,000 5 Marla 3,490,000 700,000 72,625 130,875 8 Marla 4,950,000 1,000,000 102,900 130,875 Furthermore, the development charges for New Metro City Gujar Khan may vary depending on the type of property being purchased. For instance, residential plots, commercial plots, and constructed properties may have different development charges associated with them. It's important for investors to carefully review and understand these charges based on their specific investment plans. Moreover, it's crucial to consider the long-term implications of development charges. While these fees may seem like an additional cost at the time of investment, they are essential for the overall development and maintenance of the project. Understanding and budgeting for these charges is crucial for investors to ensure that they are prepared for the full cost of their investment in New Metro City, Gujar Khan. Conclusion: In conclusion, the development charges for New Metro City Gujar Khan play a significant role in the overall investment decision-making process. Potential investors should thoroughly research and understand these charges, considering the type of property and its long-term implications. By doing so, they can make well-informed investment decisions and ensure that they are prepared for the full cost of their investment in this upcoming project.
Elevate Your Lifestyle: Unleashing Unmatched Luxury at Bahria Town Peshawar Introduction: Welcome to Bahria Town Peshawar, where the boundaries of luxury and comfort are redefined to deliver an unparalleled living experience. As a distinguished member of the renowned Bahria Town family, synonymous with revolutionizing the real estate industry in Pakistan, Bahria Town Peshawar is poised to surpass all expectations. With an unwavering commitment to excellence and a proven track record, Bahria Town has garnered the trust and admiration of customers across the nation. Unveiling an Extraordinary Development: Prepare to be captivated by the unveiling of Bahria Town Peshawar, an extraordinary project that sets new benchmarks in quality, innovation, and sustainability. Meticulous planning has resulted in an impeccable fusion of modern infrastructure, lush green landscapes, and an array of world-class amenities. Our primary objective is to bestow residents with an unmatched living experience that transcends the ordinary, leaving an indelible imprint on their lives. Bahria Town Peshawar A Haven for All: Immerse yourself in the realm of limitless possibilities at Bahria Town Peshawar, whether you are seeking a serene haven for your family or a vibrant commercial space to nurture your business ambitions. Our meticulously designed residential sectors offer an impressive array of housing options, including elegant villas, townhouses, and spacious apartments, ensuring every individual finds their dream home. Additionally, our commercial zones provide prime locations for businesses to flourish, fostering a dynamic and thriving community. Unmatched Luxury: At Bahria Town Peshawar, luxury becomes an integral part of your daily life, enveloping you in an atmosphere of unparalleled opulence. Prepare to be enchanted by a host of exceptional amenities, including state-of-the-art healthcare facilities, prestigious educational institutions, sports complexes, and entertainment venues. Ensuring your utmost security and peace of mind, our gated communities offer a sanctuary where you can revel in the epitome of luxury living. Dedicated Customer Service: Our unwavering commitment to customer satisfaction is the cornerstone of our success. A team of dedicated professionals stands ready to accompany you on your journey, providing seamless assistance throughout the entire process. From your initial inquiry to the final handover, we prioritize transparent communication and go above and beyond to surpass your expectations, ensuring a truly remarkable experience. Join the Bahria Town Peshawar Community: Prepare to embark on an extraordinary journey as an esteemed member of the exclusive Bahria Town Peshawar community, where a life beyond imagination awaits. Immerse yourself in luxury, comfort, and tranquility like never before. Stay tuned for exciting updates as we unveil the remarkable opportunities that await you in this extraordinary development.
Islamabad Marina, a profitable Investment opportunity in the Heart of the Federal Capital, offers low-cost plots at affordable rates. Islamabad Marina was developed by Marina Group Developers and is located near the Islamabad International Airport. The project is created, planned and designed to offer the ideal residential facilities at reasonable rates. The MARINA GROUP is a well-known real estate developer trusted by investors. This Iconic project is close to Motorway, metro station, and airport owning to your desire for a luxurious lifestyle. This housing society is becoming a symbol of a luxury lifestyle at affordable rates. Islamabad Marina is a housing society best for fulfilling your housing desires within your reach. Islamabad Marina NOC: RDA ( Rawalpindi Development Authority) allegedly approves the NOC (No Objection Certificate) of Islamabad Marina. The legalized and approved projects have higher chances of Investment and development. It is recommended by Advice Associates that obtain the official NOC of any project before making an Investment. Islamabad Marina Location: Islamabad Marina has situated among popular neighbourhoods almost 3 km from Mumtaz city and Top City-1. An ideal real estate project located 1 min away from New International Airport in the Heart of the Federal Capital. Islamabad Marina is a symbol of pleasant living. In a smart city, anything under a roof is possible, with a friendly atmosphere, luxurious lifestyles, and ultra-modern technologies guaranteed. An underground electric system has been settled in Islamabad Marina to avoid electrocution, entanglement hazards & natural disasters such as floods and hurricanes. Islamabad Marina Development Status: Islamabad Marina has passed through the planning and design phase and has moved into the development phase. You can see and visit the road network on the spot currently. The developers are now working on the infrastructure that includes sewerage systems, street lights, parks etc. Islamabad Marina Master Plan: The master plan of Islamabad Marina provides a variety of amenities and facilities. This project is ideal for living as the developers have intended to develop society to international standards. The features like a serene environment, security, prime location, and affordability make it a suitable place to live in Islamabad. The developers are very trusted by the investors because earlier projects delivered and developed satisfy all the parameters. You may visit the Official Website for any information related to the housing plots in Islamabad Marina. Its reviews are positive, as developers have left no stone unturned to make it a flourishing residential scheme. Within a few months, the owner of Islamabad Marina changed the society from plain land to an eye-catching and modern residential society ready to live a modern lifestyle. Islamabad Marina Residential Plots Sizes: There are various residential plot sizes available here. 5 Marla 10 Marla 1 Kanal Islamabad Marina Payment Plan: The payment plan of Islamabad Marina is quite reasonable, with an easy instalment plan. The plot for sale in Islamabad Marina is offered lower prices than the luxurious facilities. The developers and management have worked hard to keep the costs as low as possible to make it a simple investment opportunity for investors. Accessibility: Islamabad Marina is easily accessible from all the major roads of the twin cities. Almost 2 Km from Airport Road Nearly 11 Km from N-5 Highway Almost 3km from Srinagar Highway Almost 6 Km from Islamabad, D.I Khan About 26.5 Km from Zero Point Islamabad Almost 13 km of Rawalpindi Saddar Road Almost 4Km from Islamabad-Lahore Motorway Almost 6 Km from N-80 Rawalpindi- Kohat Road Almost 3.5 Km from Islamabad-Rawalpindi Interchange Nearby Housing Societies: There are various housing societies located very close to Islamabad Marina. Top City 1 Nova City Mumtaz City Seven Enclave University Town Faisal Town F-18 PECHS Islamabad Capital Smart City Fazaia Housing Scheme Why we invest: Book your Residential plot from Marina Group and Enjoy a remarkable Investment experience NOC approved RDA Approved Easy Monthly Installment Plan Easy instalment Plan Smart Facilities Prime Location A vision for your modern life Facilities for luxury lifestyle: Hospitals Graveyard 5 Star Hotels Business By Medical College Gated Community Educational District Mosque in every Block Sustainable Community Underground Electricity Solr Park (Self-Sufficient Energy)
As the population increases, People are trying to regulate themselves in new towns where they could get peace of mind. In the previous years, an increasing number of overseas Pakistanis and European investors have changed their eyes toward Bahria town a rising Real Estate Market. Forced by their preventively expensive residential property markets plus the instability and uncertainty of existing equitable markets, investors have found our country an outstanding substitute for investment. Bahria has been by tradition a popular and peaceful place. This place is famous for its impartiality over past and current challenges in the area, accepted by the world community. The price in Bahria Town has increased a lot. The one and only Phase 8 Extension is a reasonable also a rapidly developing area so investors have great interest in it. Also, the Rawalpindi Ring Road approval makes it the best investment opportunity due to its easy access. PHASE 8 EXTENSION LOCATION: Phase 8 extension is the Best investment opportunity in Bahria Town. This Block is located near Awami villa sector 3 which is situated in Sector N. The whole project is classified into 6 sectors. In the future Ring Road will connect Rawalpindi to the phase 8 extension. Road size is minimum of 40 feet wide and a maximum 110 feet wide. This time Phase 8 is an eye-catching place for investors and residents too. Some of the reasons are listed below: PHASE 8 EXTENSION PRECINCT 1 Precinct 1 has total of 10 marla residential plots in which 15 streets are fully developed. In which roads have been built, work is going on in the rest of the area. PHASE 8 EXTENSION PRECINCT 2 Precinct 2 is a commercial area that includes International schools, Restaurants, Commercial areas, Commercial Hall, IT towers, Offices, and high-rise Commercial Malls. It has not been launched, so it is not being developed yet. PHASE 8 EXTENSION PRECINCT 3 Precinct 3 has 3, 8, 10 Marla and 1 Kanal Residential Plot. This is the largest phase of Phase 8 Extension. This phase has almost 10 streets of 10 and 8 marla plots whose roads have been carpeted. Sewerage Work has been done in such streets that have 8 marla plots and 1 Kanal area has also been levelled. This area is the Best investment opportunity as it has easy access to Rawalpindi Ring Road. PHASE 8 EXTENSION PRECINCT 4 Precinct 4 has 5, 8 and 10 marla residential plots. Most of the plots here are 5 marlas. Some streets are 10 marlas and some 8 marlas where work is being done here. The area is being levelled and the development work is progressing rapidly. That is why this block has the attention of residents and investors in 5 Marla plots a lot. PHASE 8 EXTENSION PRECINCT 5 Precinct 5 has 5 and 10 marla plots. Most of the plots are 10 marlas and some plots are 5 marlas. Development Work is going on there and is almost done at 5 marla streets. PHASE 8 EXTENSION PRECINCT 6 Precinct 6 is attached with Bahria Town Phase 6. Development Work is completed in 10 streets and work is going on in the Rest Area. The First route to Phase 8 Extension is from this Sector. It does not have development charges yet, development charges will also have to be paid on all plots once the development is complete. It is not known yet, but it is estimated that it can be up to one lakh rupees per marla. But currently, the plots available in Bahra Town Rawalpindi at the lowest price are in Phase 8 Extension. And this place is considered Best investment opportunity.
WHAT IS REAL ESTATE INVESTMENT? Real Estate Investment is the most common way of securing, developing, and growing land properties to get huge returns. Investors might decide to put resources into either commercial or residential properties. Real Estate Investment can be tricky, particularly if it is your initial one. Real Estate Investment can be amazing for investors, adding variety to your portfolio and assisting you with creating a decent gain. Anyhow, this isn't without risks. Luckily, there are a few questions you can consider to make the right beginning. DECIDE YOUR LONG-TERM GOALS Before making any investment, it is important to have a clear perception of your goals. Are you hoping to flip the property? Would you want to sell your investment property for profit? OR do you want to have a rental property for passive income? It will be helpful if you make exactly sure why you want to make an investment or how much you have to spend. TIME YOU HAVE TO MANAGE THE RENTAL PROPERTY Real Estate Investment can be a regular job, particularly if you're attempting to flip the property or trying to do it yourself. Although you're not ready to spend a lot of time on the property, you can take an expert Real Estate Agent or free real estate management services. This software is the best way to manage the rental process. More tasks you can handle with these are tracking rental payments, sending rental agreements, managing and creating multiple properties, and more. It can deal with the everyday tasks related to investment properties, saving you the opportunity to focus on different things. CURRENT SITUATION OF THE REAL ESTATE MARKET The present status of the Real Estate business sector can hugely affect your investment. If you want to flip the property, you'll need to consider the market closely and ensure it's in a positive area for it to be sold. Then again, if you need to lease the property, you'll need to ensure there's an interest in houses for rent nearby. A Real Estate organization can greatly assist in dealing with an investment property. They can deal with tasks like finding an ideal occupant for you, gathering rent, managing upkeep issues, and many more. While they truly charge an expense for their administrations, everything will work out the right way if you're not ready to devote your precious time to the property. Have you contacted a land lawyer to survey your rental contract and answer any inquiries about the legal parts of being a property manager? If you rent out the property, it will be good to talk with a land lawyer in advance. They can audit your rental contract and ensure everything is all together. They can also respond to any inquiries about the legal parts of being a landowner. This is a good step to take to keep away from any possible legal issues not too far off. HOW LONG WILL YOU WAIT FOR? Real Estate Investment is the business that allows you to choose whether you want to be a passive or active investor. While some think having a real estate investment must be active, there are circumstances where it may be a passive source of income. If you have recently started investing in real estate, you may not know where you want to invest or which is the best investment opportunity. Which type of Real Estate investor you want to become will affect your answer to many questions for your future investments. An active Real Estate Investor is a person who regularly flips homes or either a landlord. He is the person who manages his properties, from buying to renting it out himself OR buying a property, renovating and selling it for profits. Although passive investors don't give time to the property, they invest money without having any work on it, like purchasing a rental property and then hiring a real estate dealer to manage all its affairs. Then the dealer will be responsible for making a good sale of the investor's property. In return, he will get a share of the profits. THE OTHER OPTION YOU HAVE FOR INVESTMENT If you have enough resources, you should start asking yourself what will be the right investment option for me. OR What can you do with your savings? Some answers are listed below that can be helpful for you - Put resources into the securities exchange Pay down existing debts Save for your children's schooling Start a business Invest in Stock Exchange Travel with your loved ones Redesign your current home Purchasing a speculation property is a major financial responsibility. You can hold some property on an installment plan in the real estate sector. Then it will be your asset in the future, but it will be time taking. Ask yourself if you can wait for that period. Whenever you completely weigh the opportunities, you might accept that there are some important speculations you can make into yourself or your family rather than land. The best speculation may not generally be the one that expands your cash, and it could be the one that upgrades your life. DO YOU HAVE A PLAN? The ideal way to move toward Real Estate Investment is to have a plan. You should know what your main objectives are how much time you have and how you will achieve them. Whether you're a first-time investor searching for investment property for huge returns or a regular investor searching for an additional revenue source, having a plausible and very organized plan will empower you to choose the right properties, clutching them and continue to push ahead. Do I Have Competition? Finding out about the market also ensures that you can get enough profits. While this can be affected under some situations, you have to consider these factors, such as the number of investors in the market, whether there are a lot of rentals in the area or not, and which properties are already held. If there is too much competition in the area, then it can impact your profit in the future. Before investing in Real Estate, the important thing will generally decide the arrival of your speculation and its lifespan. Mostly we are not paying attention to the potential of the targeted area we selected for investment. Numerous financial backers pick a city on the guise that they realize the region well and know where the appealing locale and great locations are. DO YOU HAVE ANY IDEA ABOUT THE POTENTIAL OF THE AREA? Knowing the surrounding of a property expects that you know about analysis criteria, which doesn't help by simply residing in a spot. Thus, analyze the number of empty homes, the advancement of frameworks and the degree of the business pool. It would be best if you also found out about the organizations enlisting, particularly the inventory/request proportion.
