Category: Real Estate

Pakistan is a very fast developing country and investing in real estate here is a very good decision. We will discuss the best cities to buy plots and also introduce you to smartest property portal for real estate business in Pakistan.

The first and most important rule of all is that you should only invest in tested and trialed societies. If one of your investment in smaller societies has given good returns in the past it does not mean the next one will do as well. All private societies are subject to huge risks There is no need for you to experiment even if you believe that it will give you great returns. The reason to select these societies is that they are regulated, they have been delivering to the people of Pakistan for years now and at an average they have given best results in terms of profit in past couple of decades. In addition liquidity in these big societies is good and therefore it is very easy when you wish to sell as buying is not the only thing which should concern you and selling is equally important for good profit taking.

Buying plots at lower prices with the aim of selling them on higher rates is one of the most common practices of real estate investment in Pakistan. In this activity, investors buy plots and keep them holding until their prices mount up. This increase is subjected to the time and the development of the involved project. This technique mostly gives healthy returns and can be quite lucrative. All you need is to judge the situation wisely and stay patient until the right time came to release your property.

Given these statistics, the State Bank of Pakistan’s (SBP) assessment that the affordable house price to income ratio is 20:1 in Pakistan (compared to a global average of 5:1), should not raise any eyebrows. The first question that pops into one’s mind almost immediately is what steps has the Government taken to address this issue? Over the years, many announcements of Government-sponsored low-cost housing projects have made headlines. These include the Apna Ghar Scheme in Punjab, the Behan Benazir Basti (Benazir Housing Program) and Shaheed Benazir Bhutto Housing Scheme in Sindh, and similar programmes in other parts of the country.

Lahore, Karachi, Islamabad, Faisalabad are considered the best cities for real estate business. But there are also a lot of other interesting areas so , to get the bigger complete picture, you should inform yourself on the most complete real estate portal for Pakistan, which is Graana.com.

Graana is a result of simplified essential components of real estate into a more efficient and user friendly portal. We are introducing an extremely transparent and purposeful portal where we will help you buy, rent, sell or even rent out your property, a place where you can sit back relax and let us market your projects and listings. We believe we have set a new standard for the future of real estate in Pakistan by providing the smartest property portal. Read more details at Property portal Pakistan.

The goal to transform the way we buy and sell property in Pakistan was an ambitious one, to say the least. Knowing he needed to create an effective ecosystem, Shafiq Akbar reached out to Maj Gen (R) Saad Khattak to take charge of the administration. Farhan Javed took up the critical role of Creative Director, while Arslan Javed joined as Head of Product Development to steer the project forward.

Home and building survey tips and tricks : Is your House a Well? OK, this may seem a weird question to ask, but it even happened to me! A ground floor flat I bought showed damp in the front room wall. The previous owners had built another wall outside and put a concrete ‘floor’ in between. The result: a fantastic well when it rained! It was easy to fix, the concrete came out and was replaced with gravel so water can drain away. Electrical and Gas Safety, I don’t know why, but every home I’ve ever bought has had a really useless boiler! As a result I’ve had to fork out between 1,000 to 2,000 to get a new one fitted. So, after having this happen twice, I now make sure I ask the surveyor to have a quick look and then I get a Gas Safety Registered plumber to check it out – albeit at an extra cost of up to 75. However, this has saved me over 10,000 due to the number of properties I’ve bought over the years!

Plants and any other large object present on windowsills should be removed, as these will also be assessed by the surveyor. This saves the surveyor from having to move things around themselves. Mould is one of the most obvious signs of damp in a home and must always be dealt with as it can thrive if left alone. Make sure you scrub away any mould that is present in your kitchen or bathroom, fix dripping taps by replacing the washers.

A Building Survey, otherwise known as a Structural Survey, will detail the condition of each element of the house while suggesting which aspects are of immediate and major concern and may need further investigation. This type of survey will be carried out by a Chartered Surveyor and is an ideal report for most property types.

A HomeBuyer Report with survey: Includes all the features of the RICS Condition Report and advice on defects that may affect the property. A HomeBuyer Report with survey and valuation: Includes all the features of the RICS Condition Report, plus a market valuation and insurance rebuild costs. As one of the most comprehensive surveys available, more often than not a building survey will be requested by potential buyers of your property. It is a wide range inspection of the entirety of a property done in more specific depth than a Homebuyers Report or a Mortgage Valuation. A Building Survey’s purpose is to give a detailed report of the condition of the property in question.

The RICS Building Survey is well suited to unusual properties, older or non-standard construction properties were buildings which are away from the status quo. They are most typically commissioned for older properties whether listed or not and are valuable for understanding the common issued associated with their original methods of construction, as well as giving new owners advice on the best methods to preserve or maintain their condition and rectify problems before they become devastating to the property. Where our traditional building stock has been modernised, altered or extended a RICS Building Survey will be able to investigate if these modern methods of construction are affecting the traditionally built building such as PVC or Cement, which in modern houses designed to be kept dry function surprisingly well but in older traditional stock designed to have breathability there inclusion can lead to all sorts of moisture retention and this can lead to rot or beetle infestation. See extra info on Party wall notice.

These types of work all require notices to be served as required by the act, once notice has been served, if there is dissent then it is deemed there is a dispute and the Act allows for this, this would be the dispute or resolution stage. Most disputes arrive when the Adjoining Owner has worries or concerns with the proposed work or simply fails to respond in the statutory time to the building owner, for which there could be many reasons. Where a dispute arises either due to non-consent or no response then the Act lays down the steps required to resolve the dispute this is where the Building Owner and the Adjoining Owner will each appoint there Surveyor this could be one each or even the same surveyor with an agreement for all parties working as the Agreed Surveyor.