The Emerging Trend of High-Rise Developments in Pakistan
The trend of high-rise buildings mainly originated in Europe. In the past 3-4 years, this trend has been greatly witnessed in major cities of Pakistan. Islamabad, Lahore, and Karachi are the top cities to develop high-rise buildings. Hence, our land is expanding vertically rather than horizontally in accordance with contemporary standards.
Vertical developments are the best approach to accommodate more residences on a limited piece of land. Therefore, the shift in high-rise developments is an excellent opportunity to make better use of available space in densely populated urban cities and tackle the housing crisis. There has also been a significant change in the real estate sector due to an influx of businesses.
More and more people are now choosing to invest in vertical projects in different cities across Pakistan, primarily because these developments give a competitive edge in terms of price and offer extremely profitable returns on investment. With mixed-use buildings, it is much easier to diversify investment portfolios and earn lucrative returns on property.
Here are some benefits of living in high-rise developments:
Apartments in high-rise developments are regarded as a more tranquil and secure haven away from the hustle and bustle of city life. To provide an opulent living space, apartments on the top floors of high-rise buildings are frequently turned into penthouses. A high-rise building is the perfect investment for Pakistanis living abroad who are looking for a luxurious apartment back home to experience the finest taste of extravagance.
Enhanced Quality of Life
High-rise apartments have lower noise levels and offer a wide range of amenities such as family zones, BBQ areas, gym and fitness centres, underground parking, plenty of dining options, recreational facilities, and much more, making them the best residential option to go for.
A major reason for people to opt for high-rise residential developments is the stunning views of the city that they offer. No matter what level they choose, there is always something grand about being able to step out on the balcony and take in the breathtaking views around.
Another important factor is the safety that comes with living in high-rise apartments. They offer top-notch security, come with a detailed safety plan, and are usually well-prepared for any natural calamity.
It is predicted that the future of cities in Pakistan is the development of more high-rise buildings. The government has also eased some rules and regulations for building vertical projects. Several urban planners favor the idea of developing cities vertically, claiming that these developments can accommodate more people, improving their living standards while reducing costs.