Pakistan’s real estate industry is undergoing a radical transformation with a key focus on sustainable urban development. In recent years, Pakistan has witnessed a significant shift in development practices towards vertical cities, prioritising carefully planned high-rise buildings over conventional housing schemes.
This strategy aims to use land more efficiently, addressing its scarcity in most modern metropolises, while also mitigating the environmental impact of increasing urbanisation. High-rise developments not only offer prime locations but also provide luxurious lifestyles and amenities.
The latest surge in the property market is driven by the development of high-rise structures that boast international living standards. Numerous projects are slated to launch this year in key cities such as Lahore and Islamabad. These developments aim to rapidly expand to meet the housing needs of residents and attract investors from around the globe.
Below are five key insights into the property market in Pakistan.
Vertical infrastructure can address challenges such as space limitation and environmental issues in urban areas. By providing an immediate solution to the lack of space, it also eliminates the need to encroach on other vital sectors such as agriculture. The development of luxury high-rise buildings offers overseas Pakistanis a unique opportunity to own prime real estate in their home country, requiring minimal upkeep and providing a safe environment.