Pakistan’s real estate industry is undergoing a radical transformation with a key focus on sustainable urban development. Recently, there has been a major shift in the development practices of Pakistan towards vertical cities, where carefully planned high-rise buildings take precedence over conventional housing schemes.
This strategy aims to use land, a scarce resource in most modern metropolises, more efficiently and helps to mitigate the environmental impact of increasing urbanization. The best high-rise developments also offer the best locations, lifestyles, and amenities.
The latest surge in the property market is driven by the development of high-rise structures that boast international living standards. Many such projects are set to launch this year in key cities like Lahore and Islamabad, rapidly expanding to cater to the housing needs of residents and attract investors from all over the world.
Here are five things you need to know about the property market in Pakistan:
Vertical infrastructure can address the challenges of space limitation and environmental issues in big cities, providing an immediate solution to the lack of space while eliminating the need to take from other important sectors like agriculture.The development of luxury high-rise buildings also presents overseas Pakistanis with a unique opportunity to own prime real estate in their home country with minimal upkeep and in a safe environment.