Real Estate Myths in Pakistan and the Truth behind Them

The real estate sector has always benefitted people in every condition but the myths related to this sector also evolved as time passed. Even when other businesses have shown a negative impact, real estate always had a positive effect one way or another. Investors always had great monetary perks due to investments made at the right time. Real Estate Agents know when and where to invest at the right moment. Furthermore, while talking about Pakistan’s real estate market, the developers know the demands of clients and investors know profitable communities that is how with the collaboration of both there is prodigious growth in the respective market leading to the establishment of some advantageous ventures.

There are several misconceptions related to the real estate market and also there are realities. 

INVESTMENT OPTION FOR ELITE

It has always been thought that investment is solely for the wealthy but if we look at the new housing ventures being established all around the county we get the idea that these housing societies come with the best value and pricing for people as the developers also keep in mind the inflation factor while deciding the payment plan of any residential community.

For Example; Prime Valley Islamabad, as we know is a housing project established under the flagship of Naya Pakistan Housing Scheme that comes with the goal of providing its residents and investors with a quality living while being a budget-friendly option. Moreover, being a component of the government's housing system, it is going to be a residential complex with all of the most luxurious facilities. The developers of the project have promised its stakeholders the finest possible standard of living.

Prime Valley Islamabad Payment Plan is cost-effective but comes with every necessary utility of life. The developers have maintained a reasonable package so that the investors do not find any sort of inconvenience. Prime Valley Islamabad Payment Plan comes with an easy initial down payment and 5% confirmation charges, it also offers 35 monthly installments and 10 quarterly installments. 

UNRELIABLE SECTOR

The reputation of Real Estate Agents or any Real Estate Agency is not supposed to be positive and reliable, but that is not always true. Market research is a necessary step that is required before making any kind of investment. There are reliable as well as unauthorized agents working and creating untrustworthy businesses which is why consultation, guidance, and complete planning are required. 

COSTLY ZONE

It is thought that the real estate sector is always available at a higher price and more investment results in more profit. But, that is also a myth that is related to the real estate sector. The truth is the value of any housing society or property depends upon its features and amenities, such as legally approved society, prominent location, cost-effectiveness, and other contributing factors that decide the value of any residential development. 

For Example; Park View City Location and Map is situated right across Bahria Enclave and lying adjacent to Park Enclave which is CDA commissioned. Moreover, Park View City Location and Map also offer easy access to Bani Gala and Chak Shahzad. Other accessible locations are Kashmir Highway and Islamabad Highway. 

Other than that, this housing venture is directly connected to Kurri Road via Malot road, 15 minutes drive away from Islamabad Blue Area, and easy access to Bara Kahu through Malot road which is connected with Simli Dam.

ONLINE RESOURCES ARE NOT TRUSTWORTHY

Online resources can manage the entire purchasing and selling procedure. Furthermore, investors and developers have profited from the transition. And it is well-known that when all other business models fail, the real estate industry exhibited good growth and attractive investment options. However, since the rise of internet labor, fraud incidents have become increasingly common.

In addition, get the best advice and information from specialists. As a result, there is a fallacy that internet resources may perform miracles. Finally, search for genuine news and competent counsel to avoid problems later. Furthermore, depending solely on internet sources for real estate sales and acquisitions may not benefit everyone.