ISLAMABAD:
We all know that the simplest way a person can invest in real estate is by buying a rental property and getting monthly payments in the form of rent from tenets. Or, one can purchase a plot as a long-term investment to sell on a future date. There are about 17,000 such plots available for sale in Rawalpindi/Islamabad alone. Other methods of investment include buying files from any of the competing housing societies and wait to see if the property is reaping results; or to invest in flats, apartments or commercial property.
There is an escalation of vertical living as the trend has now shifted towards apartment housing in cities. Moreover, the rise in population has resulted in land space falling sport, especially when people wish to live close to schools, shopping centres and restaurants. Therefore, good market research is required. One must have a clear idea of where to purchase their plot and how developed or underdeveloped the location is. In the big cities of Karachi and Lahore, the price varies between 3.5 lakh per marla to 85 lakh per marla depending on the location; and if the development of an area is under way, a purchase there can turn fruitful very soon. The saying goes, “do not wait to buy a property, instead buy the property and then wait.”
Published in The Express Tribune, January 17, 2022.
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