China-Pakistan Economic Corridor also known as CPEC is a link between two countries and a regional framework for connectivity. Upon its completion, it will not only be fruitful for both countries including other South-Asian states as well. The project alone has a massive impact on the economy of Pakistan’s real estate market and other sectors of industries. The enhancement of globalization with improved rail roads, infrastructure and fusion of academic, cultural and technological activity/ cooperation will result in well connected, integrated region of shared destiny, harmony and development. Therefore, this opens door to free form of trade, business and investment opportunities. Henceforth, with CPEC it increases the value for opportunity cost in the real estate market and vice versa.
CPEC boosts real estate market
The real estate market is rapidly boosting due to general economic growth as both aspects are closely linked with each other. The effect on the Pakistani economy due to CPEC is way too significant. Moreover, it is setting up a lot of industries, thus creating chances for employment. According to Harvard International Development Research, Pakistan’s up-coming ten-year annual development rate would increase to 5.07%.
Therefore, the real estate market will lift as the request for accommodation spikes due to an economic improvement. Hence, it will flourish when more people will be able to buy and invest in property.
Real estate sector will get benefit through CPEC with many projects deployed in Gwadar along the belt. This area serves as an epicenter of vast development and adequate to build infrastructure and state of the art societies just like other big cities. Sooner or later, investment and properties will bring a huge boom to the growing economy.
The trade route between two all-weather friends is increasing the necessity for proper road infrastructure. Gwadar is designed in a mixed-use gated fashion accommodating residential, as well as commercial sector. Therefore, the real estate sector is influenced as housing areas, plots, and even apartments increase to cater to the increased demand. It is anticipated that educational institutes and entertainment malls including homes will be established built over an area of 3.5 million sq. ft. Additionally, with several people seeking shelter at the port, the cost of land will eventually rise. This development will bring golden opportunities for the real estate developers.
Increased opportunities for real estate developers
The progress of real estate industry has transformed ever since CPEC project started in Pakistan. It has caught the attention of people across the world who are looking for investment opportunities. With this trend on the cards, there has been a demand and growth in real estate and industrial sector. The projects that were previously considered of no value have suddenly become the most compelling area to invest. Real estate developers and contractors are being consulted by more potential investors. As soon as CPEC builds solid grounds, more and more investors will seek help from real estate developers.
The result of CPEC on Pakistani market is tremendous as it enhances the real estate industry, proving it to be promising for investment sector. The federal capital Islamabad is going through momentous growth of modern yet luxurious residential & commercial projects since its beginning. We believe there’s going to be a thriving boom in the economy sector, as well as, specifically in the Islamabad real estate development.
Contact us for more information regarding real estate and development projects in Pakistan.