With Eid-ul-Azha approaching, many overseas Pakistanis will head home to celebrate with their loved ones. For the local property market, this means large amounts of money being channeled to the country’s most promising investment sector.
To help those looking to invest in property this Eid, Pakistan’s biggest property portal Lamudi has listed the top emerging investment locations within Lahore, Islamabad and Karachi.
Saad Arshed, Country Director of Lamudi.pk said: “These holidays always give a boost to the real estate sector, as overseas Pakistani’s return to the country and often chose this time to start their hunt for an investment property.
Lamudi’s team of real estate experts has made your work easier by pinpointing the locations that are worthy of investors’ attention.”
These are the top property investment locations in Pakistan’s major cities this Eid.
- Lahore: This city undoubtedly has the best real estate investment options to offer. The top pick for investors here is Defence Housing Authority (DHA). If you want to buy houses, go for Phase 5 and if you are on the lookout for long term investment options, go for plots and files in Phase 8 & 9 of DHA.
- Islamabad: Islamabad remains a good option for property investors. Go for PECHS, near the new International Islamabad airport, if you intend to purchase a plot and construct your dream house. On the other hand if you plan to invest in both houses and plots, go for sector E-12. Located next to Islamabad’s most expensive neighborhood, E-11, this development is expected to follow the same trajectory.
- Karachi: This city by the sea also offers profitable investment options such as DHA. Upcoming projects in this locality include DHA City and Creek Vista, which are highly attractive developments for Pakistanis both here and abroad. Another upcoming project here is Crescent Bay, DHA Phase 8, under the banner of Emaar Pakistan which already has big projects to its credit in Dubai, so you can be assured of its standards and reliability.