With the global trend for vertical buildings, the Pakistan landscape has also witnessed the trend for multi-story mixed-use developments including affordable and luxury highrise apartments. Big cities like Karachi, Lahore, and Islamabad, now depict a towering cityscape.
From Habib Bank Plaza (101m, 331ft), the first high-rise in Pakistan with 25 floors, to the Bahria Icon Tower (300m, 980ft) the latest high-rise with 62 floors, the addition of titanic infrastructure in the country’s vista has strongly impacted the world. It shows the country’s stable economy and the potential of real estate and other industries.
The sky-towering buildings also attract colossal foreign investment, emphasizing that the land is secure, stable, and profitable. Today, common people have become more interested in investing in high-rises. These developments uphold several benefits when we talk about real estate safe investment. Let’s discuss in detail why invest in highrise real estate in Pakistan.
Less Occupation More Accommodation
As per the latest report by the World Bank, Pakistan is facing a housing deficit of 10 million units. The reason is urbanization, population surge, and decreasing purchasing power in urban localities. In such a scenario, high-rise buildings serve the best. Not only do vertical developments beautify the cityscape. But they also occupy less land, while accommodating more people. Therefore, keeping in mind the need of the hour, several builders in the country, have laid the foundation of iconic high-rise buildings, that offer spectacular residential & commercial units.
Community Living in Luxury Highrise Apartments
Luxury highrise apartments promote living together as a community and make ordinary moments extraordinary. MGC Developments offers high-end facilities like community clubs, and a business lounge that upholds the vision to provide an all-inclusive lifestyle where residents connect, share their cultures, and value each other. Thus, experiencing a quality lifestyle.
Less Expense More Amenities
Verticle developments offer more in less. Following the global trends, now real estate companies in Pakistan offer dozens of amenities in their projects. If you invest in a luxury highrise apartment by a renowned developer, you will be able to enjoy 32+ modern amenities within the premises of the building.
From cutting-edge structure and modern architecture to interior fixtures and sleek design, a high-rise is a symbol of affluence. The world-class projects in Pakistan offer resilience, elegance, and contemporary standards in every inch of the structure.
Benefit of Locality
One of the most important questions that strike the mind of a property buyer is the location of the property, be it a plot, a villa, or a luxury highrise apartment on installment. Therefore, investing in vertical projects is a step towards a secure future. Why because high-rise buildings are pinned in prime locations that benefit from the rapid infrastructure developments of the surroundings. Moreover, the connectivity with major routes, hospitals, shopping malls, mosques, recreational points, and educational institutes saves time and resources and makes life easier.
Building A Home On A Plot Is More Expensive Than Apartment
Building a house on a plot is more expensive today, due to the increase in the construction material including cement, steel, concrete, glass, etc. The cement and steel prices in budget 2024-2025 increased significantly, thus elevating the overall construction cost of a house. Also, read opportunities for small investors in real estate.
Also, when we think about property investment, one of the factors that stirs our minds is property tax. You have to pay only 3% tax on investment in high-rise apartments whereas plot development implies approximately 21% tax on investment. This is another factor why investing in high-rises is a lucrative option.
Apartment living is not only a need but also a trend. With the growing awareness of compact and luxurious lifestyles, the buying trend has shifted to highrise apartments. It provides access to dozens of modern amenities and connectivity to major infrastructure.
I do believe all the ideas youve presented for your post They are really convincing and will certainly work Nonetheless the posts are too short for novices May just you please lengthen them a little from subsequent time Thanks for the post
Thanks I have recently been looking for info about this subject for a while and yours is the greatest I have discovered so far However what in regards to the bottom line Are you certain in regards to the supply
La weekly I’m often to blogging and i really appreciate your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.
Mygreat learning I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
Techno rozen Very well presented. Every quote was awesome and thanks for sharing the content. Keep sharing and keep motivating others.
This is top-notch! I wonder how much effort and time you have spent to come up with these informative posts. Should you be interested in generating more ideas about Podcasting, take a look at my website UY3