The Revolutionary Rise of Pakistan’s Real Estate Market

The real estate industry in Pakistan played a crucial role in boosting GDP and stabilizing the economy. The urban constructions are shaping a new and modern urban landscape with massive economic growth. The high-rise and vertical developments have increased over the last couple of decades. They are bringing significant transformation in real estate in Pakistan.

Vertical developments in Pakistan play a crucial role in boosting country’s construction sector and solving the residents’ residential needs through affordable living options. Construction companies in Pakistan generate remarkable revenue through development in the residential sector. In this blog, we will explore the rise of high-rises in Pakistan and its advantages.

So, let’s get started:

Rise of Vertical Buildings:

Due to the huge increase in employment opportunities, people massively move towards cities. The cities needed to prepare to accommodate such a huge number, which gave birth to the need to construct houses. It is challenging for cities to grow horizontally without any proper ending line.

The vertical development of high-rises and skyscrapers came as the best solution to the problems. The high-rise residential buildings in Pakistan are not just the solution for accommodation but also promote sustainable and eco-friendly living.

· Optimization of urban infrastructure and density:

The skyscrapers emerge as the most ideal and practical answer for metro cities like Islamabad, Peshawar, Lahore, and Karachi. Everyone wants to live and invest in the top areas of Peshawar and Islamabad, and by accommodating apartments, they can live as desired. With an increasing number of high-rise projects such as the Mall of Hangu, KPK and Florenza Mall & Residencia, it is predicted that the future solution of Pakistan real estate lies in skyscrapers.

With the increasing population, the land for construction is shrinking, and tall buildings will become the only solution for living in the big cities.

· Boost to economic growth:

The construction industry is playing a vital role in the boost of the country’s economy. Vertical developments play an important role in this boost and growth. The sector provides job opportunities for all with the increased number of vertical developments. From ordinary labor to highly-qualified engineers, there is a huge demand for experts from every relevant field. The vertical buildings are mostly built as mixed-use structures, i.e., dedicated floors for commercial purposes and rest for living. It has made investment in the real estate sector more interesting.

Now, the investor can find all the commercial facilities and working opportunities in the same building where they reside. It saves the transportation hustle. Hence saving money and time spent on travel. In Pakistan, we have renowned mixed-use developments, and many others are under construction, which aims to revolutionize the country’s property sector. Mall of Hangu, for instance, is the first-ever commercial high-rise in Hangu, attracting numerous international and national brands. The massive development of vertical buildings attracts investments, businesses, residents and tourists alike.

Advantages of High-rise buildings in Pakistan:

The change and revolutionary switch of constructing high-rises rather than expanding horizontally bags lots of advantages for the country. In Pakistan, for instance, it has emerged as the ideal solution for affordable living, particularly in metro cities like Rawalpindi, Islamabad, Peshawar, Hangu and Karachi.

Let’s have a look at a few of its advantages:

· Smart use of land:

The cities have witnessed massive immigration from rural areas in Pakistan. There are many reasons, for instance, lack of good education and healthcare, deprivation of basic living needs like clean drinking water and shortage of employment. The cities were not prepared for such huge growth in a short time. Many metro cities are accommodating twice their capacity as in master plans.

It gave birth to the need for more construction, but growing horizontally did more damage than good. Skyscrapers and tall mixed-use buildings emerged as options for the smart use of land. Now, more people can be accommodated in small areas of land. It is crucial for cities with limited space. The people can live with families in the same vicinity, and minimum green areas and agricultural land are demolished.

· Community Living:

Living in one building, shopping or working in the same skyscraper means you will have stronger community bonding with your neighbors than in some luxurious housing society. Many people tend to live in apartments for their affordable prices and shared amenities, which are not possible to approach in a horizontal landscape.

The closed-community, modern surveillance security system has also provided an extra sense of security and bonding with everyone.

· Sustainable Lifestyle:

Massive horizontal developments in the urban areas have almost demolished a huge number of green areas, forests and agricultural land. It eventually increased the problems, like health issues, global warming and less food production. Moreover, the cutting of trees has caused a massive increase in pollution.

On the contrary, vertical buildings have increased the smart use of land, so fewer tree cuttings and no bulldozing to the agricultural land. Vertical living also encourages sustainable and eco-friendly living. For instance, one of the magnificent commercial projects of Peshawar, 091 Mall, is constructed completely with sustainable features.

The project developers have signed a MoU with a company that manufacture eco-friendly glass for the buildings. Many facilities and amenities are used on shared bases, which will also cause a reduced carbon footprint.

· Affordable Electricity – Solar energy:

The high-rise buildings are great places to generate solar energy and wind tribunes. It helps to provide residents with cheap electricity, and pollution will be reduced eventually.

· Boost Green spaces:

The vertical buildings’ benefits in Pakistan are never-ending; for instance, these high-rises not only save the cutting of trees but also promote green spaces. Like in AH Tower and North Hills Murree, the residents can enjoy green terraces promoting eco-friendly living.

There are many tall buildings that are made by ensuring more green spaces in the surroundings. Many high-rise developers encourage reducing carbon footprint and enhancing the green areas of Pakistan. In a minimum place, more people can accommodate, whereas it will leave a better and greener environmental impact.

· Affordable Living:

With fluctuating economic conditions, Pakistan has been facing issues like high inflation rates. Affordable living in this scenario has been a dream of many people. However, the vertical high-rise has solved the problem by providing reasonable prices. You can invest in projects like Florenza Mall & Residencia and generate revenue from the start. Moreover, the commercial and residential high-rises offer shared facilities and amenities and earning opportunities under one roof. So you can live in economical houses without compromising on comfort and luxury.

Let’s Sum up:

The Vertical developments have no doubt changed the shape of real estate. However, there is still a long way to go for Pakistan to benefit from the advantages of high-rise buildings and effectively meet the challenges of urban living. By considering effective planning and implementing strategies while educating people and blending community-related features, high-rise construction can become more popular.

The high-rise commercial and mixed-used projects of AH Group of Companies are setting an example by constructing sustainable and eco-friendly vertical buildings at affordable prices. Investing in these projects promotes the revolutionizing rise of Pakistan’s real estate and making cities more vibrant and comfortable havens for all!