Pakistan’s property portal Zameen.com has launched a property index – what is tipped to be the first in the country as well as the South Asian region.
The index, created with the help from professors at the Lahore University of Management Sciences (LUMS), would provide real-time, accurate data and claims to be an invaluable tool for investors. The information provided in the index is expressed in terms of change from a base value and also tracks actual per-square-foot rates of properties.
“We are proud to have created this incredible tool, and we are very cognisant of the fact that it will ultimately change the buyer or seller’s decision-making process completely, which will, in turn, alter the face of Pakistan’s real estate sector for the better,” said Zameen.com co-CEO Imran Ali Khan.
“Investors can now analyse trends and track the performance of the real estate market over a period of time.”
Published in The Express Tribune, February 24th, 2016.