Real estate investment can become a hassle if you are not well aware of current market trends. For an investment to turn out highly beneficial one should consult a professional agent who will guide you as per your interest.
In today’s article, we will present you with 5 tips that will help you make a profitable investment. These tips are stated below:
Never hesitate to ask questions. It is not easy to research too much when someone buys their rental property, especially the first time. Remember the following tips for a strong real estate market as part of the process:
Trade progression.
Increase in population.
Metropolitan restoration.
Make sure you do your advance diligence, by getting awareness about the surrounding of the property you are about to purchase, which security aspects, school distance, how far you can get basic needs, people living in neighbor, etc.
Consult the authorized property agent in your area, for the rates in the respective area. In the twin cities; Islamabad & Rawalpindi Regency Marketing agency are the authorized dealers of several major housing societies in the town and also in Lahore. Those societies whose authorized dealers are Regency Marketing are, Park View City Islamabad, Capital Smart City, Prime Valley, and Gulberg Greens in Islamabad, while Lahore Park View, and Lahore Smart City, all have Regency marketing as a common authorized marketing agency.
Do a good inspection before buying the rental property. Get it done by yourself or there are service providers in the market who can assist you in this. Make sure that the NOC of the society is approved by concerned authorities. For example, Park View City Islamabad NOC got approved by CDA in 2020, making it legal and authentic at the same time.
Study well about the Pro-forma, in which the analyzing about the estimate of the cash flow.
Conclusion:
These were some of the tips that have been tried and tested over the years and have proven to be useful as well. If you are looking for investment options, do consult well reputed real estate marketing companies that are offering great after-sales services as well.
Islamabad due to being the capital of Pakistan increases the chances of commerce and trading. Several commercial and residential projects are currently available. Apartments, shops, and offices are all located within the city. The cityscape has distinct commercial zones that cater to the needs of its residents. Private residences and private housing societies are generally exempt from general commercial activities. A land firm that provides a comprehensive and knowledgeable guide will be crucial if you’re new to the area.
Real estate values in the city have been boosted by its central location. By improving infrastructure and rising property values along the route, the metro bus project increased the city’s value. There are also wonders to be found at the Islamabad International Airport, which is likely to drive up property prices in the city. Real estate in the country has also become more appealing due to the recent infrastructure improvements. Moreover, tax incentives may be helpful to attract more investors.
There are good connections between the city and other cities throughout the country. Islamabad is home to many of Pakistan’s best educational institutes. Besides famous scholars, art galleries, and museums, this city has a large number of different industry opportunities. The real estate market in Islamabad is one where foreign investors can earn a high return on investment. The market for foreign investors in Pakistan is also rapidly growing due to a liberal government in Pakistan. So, investing in Islamabad will undoubtedly bring good returns.
Real Estate Projects in Islamabad:
There are many housing schemes that have been developed in Islamabad and also many are in the development process. There are many well-known names in Pakistan that also have societies in the capital. Islamabad spread much in the last few years due to the reason that people are moving to Islamabad for a better lifestyle and opportunities.
Some of the societies are:
Capital Smart City:
This project is a joint venture of FHDL and Habib Rafique Pvt Ltd. which is also developing the housing society. The project has become a standard of living and a commercial trend in the real estate market. The management is working 24/7 to maintain the quality services are assisting the end user. Capital Smart City Location is not limited to Islamabad, but Smart City Lahore Development Progress is also targeted at great speed.
Park View City:
It is the project of the real estate tycoon of Islamabad, Aleem Khan who is also a famous political figure in the country. Park View City Islamabad Features are going to be the modern lifestyle provider in the country. It is not only in Islamabad, but the people of Lahore can invest in Park View Lahore with equal Returns on Investment.
nova city peshawar
These societies are giving marketing contracts to some marketing agencies that are known to be their Authentic Marketing Agencies. Authorized dealers are the true and clear information to the end users, while others are doing it on their own but there is a great chance of fraud and illegal dealing. Which ultimately negatively affects the buyer. Other modern societies in Islamabad are Park View City, Prime Valley, Kingdome valley, Capital Smart City, Nova City, Blue world City, etc.
Investment is a process that is done to create an extra source of income by using the savings from the direct job. Due to inflation in the last few years, a single source of income is not enough for a family, they must do something to add up their sources to gain stability and minimize the effect of inflation. So for that investing in real estate is a very suitable thing to do because when you buy a land or project you are making a secure asset that has a very rare chance to devalue. That asset increases its financial value due to many factors and when you sell it after some time then it will get you additional profit on the investment. Also, some investors are gaining benefits by owning a house or commercial project and putting that on rent on a monthly or annual basis.
Here we are going to talk about the housing project in Lahore in which Smart features are planned instead of ordinary features, named Smart City Lahore.
Lahore Smart City:
There is a joint project of Future Development Holdings (FDHL) and Habib Rafiq (HRL) in Lahore, beautifully structured with the blocks of Housing and Smart City Lahore commercial plots. Smart City Lahore Housing Society is known to be the second of its type after Capital Smart City Islamabad, as both societies are aimed to provide a facility with smart features for the residents and visitors.
Lahore Smart City Location & Map:
Smart City Lahore location is very simple to understand and also accessible from the central city and as well as from other major cities around. This society is located on Lahore-Sialkot connecting road, near motorway M-11, GT-road, and a major highway like Lahore Ring Road is just a few minute’s drive from the society.
Lahore Smart City Features:
Along with the Lahore Smart City location, the developers also provide a facility that is according to the standards of smart cities. The residents and visitors would be able to enjoy their life in Smart City Lahore. As the Smart City Lahore payment plan is kept flexible and Following are the features:
Security System:
Under the supervision of qualified persons, there are many smart CCTV cameras and sensors installed all over the society to monitor the activity going around. All the cameras are connected to the main security room and monitored in the presence of authorized personnel who are dedicated to the task. And that all make sure that everything is going well in the society premises.
Free Internet Facility:
Free internet will be available within the boundaries of Lahore Smart City to let the residents and visitors connect with the world via Internet services. The procedure to access the internet is very simple a person has to register the device through email, mobile number, or CNIC number.
Energy System:
One of the most important things is that everyone is suffering from the energy crisis, Pakistan people facing a load shedding problem so much. But the society is planning to minimize the issue by providing a 24/7 running energy supply, and that would be a great relief for the people.
Parking monitoring System:
When people visit markets, they face parking issues that there is no place for their vehicle to park and enjoy their shopping. And if there is some parking in the mall or market then people lost their most of the time to find a spot to park the car.
So society also provides spacious parking areas with a system that checks and conveys the information to the people before wasting any time in finding the space.
Smart Utility Services:
There is a smart system in the society which makes the process of getting the utility services by applications that can run on any smart mobile or laptop. This process is convenient for both, the end user and the service provider. There is also a central system of waste disposal, water and gas supply and labor’s appointing to the tasks.
smart city lahore housing society
Conclusion:
There is a lot more to explore over time, so what you need to do is consult the Authorized Dealer of the Society, who are dealing in sale purchase of the society and also they can give you good investment idea about this or any other projects. They are trustworthy and dedicated to their tasks.
What is the proper definition of a real estate agent? What is the difference between a property dealer and an estate agent? A real estate agent is mostly part of an organization and in few cases works single handedly, whereas a property dealer works solely for himself and is not associated with any corporation. The only reason both these terms are confused is because both handle property and estate matters. However, the way of dealing and the whole process of finding the most suitable asset for a client may differ.
Ways to find appropriate properties:
Now that we know who is an estate agent, we should get clarity on how they can help you find the property of your choice. The ways used by an agent to look for relevant assets are:
Real estate companies
Proper Survey
Online social media apps
Real Estate Companies:
The first way to find a reliable realtor is to search for a well reputed marketing company. Companies that are known for fair and honest dealing will provide you top notch services that give you a lifetime of satisfaction. After consultation, a realtor will offer you a set of befitting options as per your interest. The one option that matches your demands and budget will then be finalized. Before finalizing, you can ask your realtor to show you the asset for which he will take you on a proper visit. After visiting the property and being fully satisfied with regards to all aspects you can proceed to legal paperwork and payment procedure.
Online Social Media Apps:
The second option is finding a suitable realtor on online applications that are functional in your country. Apps that are used for real estate hunting in Pakistan are Zameen.com and OLX. Agents with good ratings and well maintained profiles should be contacted. Their contact numbers are given on their profiles, on which you can directly message or call as well. After getting in contact, you can mention your requirements, price range and preferable location relevant to the property. You also have to mention whether you are looking for a rental or on sale property. Then the agent will brief you accordingly and will also give you the choice of surveying two to three suitable options. Once you are done with the property hunt, you can select the most appropriate property that meets your expectations.
These are the two most sorted methods of finding property of interest with the help of a real estate agent. Lahore and Islamabad have some of the best residential societies that yield high returns, which are listed below:
With all this information, you are set to become the owner of a beneficial asset that will not only provide a roof over your head but will turn out to be highly profitable if you choose to earn from it. Good Luck investors of the future!
