Luxury housing projects to attract huge investment
By Muhammad Yasir
KARACHI: The real estate sector is witnessing a boom with land prices increasing persistently amid growing number of luxury housing projects being planned in metropolis, which have enhanced the property rates of whole localities.
In an interview with The News, Sami-ur-Rehman director Real Estate Bank a property consultancy firm said investments in current choice areas would plunge with the development of luxury projects that are likely to open new vistas of investments for medium to long term investors.
Reciprocally with decline in investments the property value in present posh localities would ease and ebb to fair price levels.
He said people seek secure and beneficial venues for investment and these projects qualify on both counts strengthening the investors' confidence.
He was quite confident that investors would prefer to stake their money in the upcoming luxury housing projects instead of those in Dubai.
"A substantial fall would occur in the flight of capital," he said.
Referring to the features of upcoming projects he said they would be fully equipped with ultra-modern and ultra-advance facilities of life with all desired entertainment resources and security measures, which are the major concern of investors.
Sami informed that these projects would introduce a new system in real estate business that would enhance the importance of property consultants in investment related issues.
Regarding speculation in property he said open plots of Defence Housing Authority (DHA) are the choice area of investors due to secure title.
Any fluctuation in the value of real estate affects the ratres in DHA phase VIII and then the impact goes on to DHA phase VI, Bahria Town and other investment oriented localities.
He mentioned the imposition of Capital Value Tax (CVT) and revision of valuation table by the Sindh Government could not halt the speculation in real estate sector.
Investors are willing to pay more duties on land he added.
Sami said the overseas investors are very keen to invest in the real estate particularly in the posh localities of metropolis due to safe and high premiums in shortest time.
He informed that instead of keeping it in banks people are investing their money in real estate.
These people keep rolling their cash in sale and purchase of open plots preferring profits on available margins instead of long term holding.
Such practice has enhanced the number of transaction and hiked up the real estate value in last two years.
In an interview with The News, Sami-ur-Rehman director Real Estate Bank a property consultancy firm said investments in current choice areas would plunge with the development of luxury projects that are likely to open new vistas of investments for medium to long term investors.
Reciprocally with decline in investments the property value in present posh localities would ease and ebb to fair price levels.
He said people seek secure and beneficial venues for investment and these projects qualify on both counts strengthening the investors' confidence.
He was quite confident that investors would prefer to stake their money in the upcoming luxury housing projects instead of those in Dubai.
"A substantial fall would occur in the flight of capital," he said.
Referring to the features of upcoming projects he said they would be fully equipped with ultra-modern and ultra-advance facilities of life with all desired entertainment resources and security measures, which are the major concern of investors.
Sami informed that these projects would introduce a new system in real estate business that would enhance the importance of property consultants in investment related issues.
Regarding speculation in property he said open plots of Defence Housing Authority (DHA) are the choice area of investors due to secure title.
Any fluctuation in the value of real estate affects the ratres in DHA phase VIII and then the impact goes on to DHA phase VI, Bahria Town and other investment oriented localities.
He mentioned the imposition of Capital Value Tax (CVT) and revision of valuation table by the Sindh Government could not halt the speculation in real estate sector.
Investors are willing to pay more duties on land he added.
Sami said the overseas investors are very keen to invest in the real estate particularly in the posh localities of metropolis due to safe and high premiums in shortest time.
He informed that instead of keeping it in banks people are investing their money in real estate.
These people keep rolling their cash in sale and purchase of open plots preferring profits on available margins instead of long term holding.
Such practice has enhanced the number of transaction and hiked up the real estate value in last two years.
Looking For DHA Karachi - Lahore - Islamabad Property? Call Now +92-321-2067095
posted by
D.H.A Real Estate.com
<< Home