Commercial Real Estate Investments are dominating in the major cities of Pakistan. A country where living in separate and detached homes are once taken as a sign of pride and status. Well in the last decade, the sudden popularity of residential along with commercial high-rise buildings shows the visible shift of real estate investors from lands to apartments.
In the last few years, the number of buildings proposed contains mixed-use like residential and commercial both. Such provides Pakistanis with several and wide ranges of opportunities for passive or active investment.
Reasons behind the rising demand for luxury commercial real estate in Pakistan:
The recent demand for high-rise and mid-rise commercial real estate has been increased and fueled by numerous factors which shows the changing lifestyles of our people in Pakistan. These factors include:
Urbanization and Globalization:
As most people are moving towards cities and become exposed to international living standards, where they look for homes that not only provide comfort but also security. Luxury commercial and residential real estate properties appeal to those who want to invest in the long term.
Economic growth and diversification:
In the last decade, Pakistan has been experiencing sudden economic growth that can be supported by numerous reforms and incentives like real estate, tourism, and IT. Such sudden growth has provided several opportunities for investors and professionals who can easily afford to invest in high-end properties.
Real estate investment in Pakistan can be an essential opportunity, especially in times of economic chaos where the currency gets declining and industries are on a downtrend. High-rise and mid-rise buildings investment can be lucrative in the sense of investment because according to the ongoing trend, their value will most probably increase over time.
Factors to consider before opting for luxury high-rise and mid-rise commercial real estate in Pakistan:
Going for luxurious high-rise or mid-rise commercial real estate properties in Pakistan? Following are the few factors which you need to highlight before opting for certain real estate investments.
Location and view:
If some are going for high-rise buildings then I am certain he/she is prioritizing the location and view. Some clients may argue that the main reason for living in such apartments or buying commercial properties is to have a beautiful and eye-catching view.
On-site building management:
What if you encounter issues like a broken lock? What would be your go-to action? In such a scenario building management is one of the factors which you need to consider.
Most high-rise and mid-rise buildings come with advanced security measures to make sure that both residential and commercial real estate properties are secure enough to stay.
Well in short, due to the advancement in real estate properties whether they are commercial or residential, most people are switching towards investment in buildings. The land investment has been minimized and becoming obsolete as by the near future we will see most of the high-rise buildings in our commercial area.
AAA OCTA Karachi:
AAA Associates is considered to be one of the major emerging and developing organizations in the industry of real estate. Providing several projects like Akron, and Lamarca aiming to facilitate our clients in one place by allowing easy access to basic amenities for residential and commercial properties.
AAA OCTA Karachi is the true definition of luxury within your defined budget, you won’t have to make a hustle for the basic amenities. As it is located in such an area where you can easily avail all the schooling, hospital, and shopping facilities. OCTA can be your intelligent choice where you can invest and have a peaceful mind at the same time.