CategoriesInformative Market Trends Real Estate

Islamabad Embraces Sustainability with New Electric Bus Fleet

Islamabad is taking a significant leap towards a greener future with the introduction of 30 new electric buses to its public transportation system. This eco-friendly initiative aligns with the city’s goal of promoting sustainable urban development.

Benefits of Electric Buses:

  • Reduced carbon footprint: By utilizing zero-emission technology, electric buses significantly contribute to combating climate change and reducing Islamabad’s carbon footprint.
  • Improved air quality: Electric buses eliminate harmful tailpipe emissions, leading to cleaner air and a healthier environment for residents.
  • Enhanced commuting experience: These buses offer a smoother and quieter ride, potentially making public transportation a more attractive option for commuters.

Extensive Network:

The new electric buses will operate on 14 designated routes, connecting key areas across the city. These routes strategically integrate with the existing network of Orange, Red, Green, and Blue line buses, providing seamless connectivity for passengers.

Sustainability and Progress:

The introduction of electric buses marks a pivotal step towards Islamabad’s sustainable future. It demonstrates the city’s commitment to:

  • Environmental responsibility: By embracing clean technology, Islamabad is setting an example for other cities in the region.
  • Modernized infrastructure: Integrating electric buses into the public transportation system reflects the city’s focus on modernization and progress.

Looking Ahead:

The new electric buses, along with the existing network, offer convenient and affordable transportation options for residents. This initiative has the potential to encourage citizens to choose public transport over private vehicles, further contributing to a cleaner and more sustainable Islamabad.

CategoriesInvestment Market Trends Real Estate

Park View City Phase 2: Where Luxury Meets Convenience.

Islamabad’s skyline is about to be redefined. Embark on a journey to Park View City Phase 2, the epitome of modern living nestled amidst the captivating beauty of Islamabad. This visionary project by the esteemed Vision Group promises to elevate your lifestyle to unparalleled heights.

Unveiling a Legacy of Excellence

The Vision Group, renowned for their groundbreaking ventures, presents Park View City Phase 2. Following the resounding success of Phase 1, this new chapter promises an exquisite blend of luxury and functionality. Their portfolio boasts prestigious projects like The National School and Park View City Lahore, showcasing their unwavering dedication to quality and community development.

Embrace a Life of Unmatched Luxury

Imagine waking up to breathtaking views and stepping into a world meticulously crafted for your comfort. Park View City Phase 2 offers a variety of residential plots, including 5 Marla and 10 Marla options, meticulously designed to cater to your needs. Spacious living areas, impeccably designed interiors, and lush green surroundings will create a haven of tranquility.

Where Convenience Meets Exclusivity

Park View City Phase 2 isn’t just about stunning residences; it’s a complete lifestyle experience. Dedicated commercial areas will provide easy access to a multitude of shops and services, fulfilling your everyday needs. World-class amenities such as:

  • 24/7 Security for complete peace of mind
  • Modern Infrastructure with well-maintained roads and walkways
  • Flourishing Parks and Green Spaces for leisure and relaxation
  • Convenient Shopping Centers offering a variety of retail options
  • Reliable Basic Utilities including electricity, water, and sanitation

Invest in Your Dream Future

Park View City Phase 2 presents an unmissable opportunity to invest in your dream lifestyle. With flexible payment plans and promising returns, this project is a haven for both residents and investors.

Limited plots available at pre-launch prices! Don’t miss out on this chance to be a part of Islamabad’s most coveted address.

For more information and exclusive booking details, contact us today!

Islamabad’s most awaited project is finally here. Live the life you deserve. Live at Park View City Phase 2.

CategoriesInformative Market Trends Real Estate

Islamabad’s Culinary Delights: Unveiling Valley View Food Court and Food Valley

Islamabad’s food scene is about to get even more exciting! Two new culinary destinations are set to tantalize taste buds and offer unforgettable dining experiences: Valley View Food Court and Food Valley.

Valley View Food Court: A Culinary Gem in Park View City

Immerse yourself in the vibrant Valley View Food Court, located in the heart of Park View City. This lively setting boasts a diverse selection of cuisines, perfect for exploring global flavors or indulging in local favorites.

Embark on a flavor adventure:

  • Wide culinary variety: From international delights to local specialties, Valley View Food Court caters to every taste bud.
  • Unforgettable dining experience: The lively ambiance and delicious food promise a memorable visit every time.
  • Convenient location: Situated within Park View City, the food court is easily accessible for residents and visitors alike.

Food Valley: A Culinary Escape in the Margalla Hills

Nestled amidst the lush greenery of the Margalla hills, Food Valley promises a remarkable culinary escapade. Whether you’re a seasoned foodie, a family seeking quality time, or simply seeking deliciousness, Food Valley has something for you.

Experience culinary excellence:

  • Unparalleled journey: Food Valley promises an unmatched journey through the world of flavors.
  • Catering to all cravings: From casual bites to gourmet experiences, Food Valley offers something to satisfy every desire.
  • Picturesque setting: Surround yourself with breathtaking views of the Margalla hills while you enjoy your meal.

Both Valley View Food Court and Food Valley are set to become must-visit destinations for any food enthusiast in Islamabad. Whether you’re looking for a lively atmosphere and diverse options or a serene escape with exceptional cuisine, these culinary havens have you covered.

Stay tuned for further updates on the grand opening of these exciting food destinations!

Ready to embark on your real estate journey?

Visit us at www.Beluxestate.com and let Beluxé be your guide to a world of opportunity, satisfaction, and luxury.

CategoriesInformative Investment Market Trends Real Estate

Pros & Cons of Open File Trading

Open file trading is a method of real estate trading in which the seller of a property hands over the original documents related to the property to the buyer before the full payment is made. In Pakistan, open file trading is a common practice, especially in the sale of plots in housing societies.

Here are some key statistics related to open file trading in Pakistan:

  • According to a report by Jang Group and Zameen.com, open file trading accounted for approximately 75% of all real estate transactions in Pakistan in 2020.
  • The same report found that open file trading was most common in the sale of plots in housing societies, with over 90% of all such transactions using this method.

Pros of open file trading:

  • Faster transactions: Open file trading allows for faster transactions as the buyer can begin the process of transferring the property ownership without having to wait for the full payment to be made.
  • Convenience: Since the buyer has access to the original documents related to the property, they can begin the process of transferring ownership without having to go through the hassle of requesting documents from the seller.
  • Flexibility: Open file trading allows for more flexibility in terms of payment schedules, as the buyer can make partial payments while the transfer of ownership is being processed.

Cons of open file trading:

  • Risk of fraud: There is a risk of fraud in open file trading, as the buyer may not make the full payment after receiving the original documents. This can leave the seller with no recourse to recover their losses.
  • Lack of legal protection: Open file trading is not legally recognized in Pakistan, which means that buyers and sellers do not have the same level of legal protection as they would in a traditional real estate transaction.
  • Lack of transparency: Open file trading can lack transparency, as buyers may not have access to all the information they need to make an informed decision about the property.

In conclusion, open file trading is a common practice in the Pakistani real estate market, especially in the sale of plots in housing societies. While it offers some benefits in terms of convenience and flexibility, it also carries some risks in terms of fraud and lack of legal protection. It is important for both buyers and sellers to carefully consider the pros and cons of open file trading before engaging in this type of real estate transaction. It is also advisable to seek legal guidance to ensure that the transaction is conducted in a safe and secure manner.

CategoriesInformative Market Trends Real Estate

Off Plan vs. Ready Properties in Pakistan

In Pakistan’s real estate market, there are two primary types of properties available: off-plan and ready properties.

Off-plan properties are those that are sold by developers before they are built or completed. Buyers typically pay a deposit upfront and then make additional payments over time as the development progresses. Once the development is completed, buyers receive ownership of the property.

Ready properties, on the other hand, are those that are already built and available for immediate purchase and occupancy.

In recent years, there has been a growing trend towards off-plan properties in Pakistan, particularly in major cities like Lahore, Karachi, and Islamabad. One reason for this trend is the high cost of ready properties, which can be prohibitively expensive for many buyers. Off-plan properties are often sold at a lower price point, making them more accessible to a wider range of buyers.

According to data from Zameen.com, one of Pakistan’s leading real estate websites, there has been a significant increase in demand for off-plan properties in recent years. In 2019, off-plan properties accounted for 53% of all property searches on the site, up from 44% in 2018. Meanwhile, searches for ready properties decreased from 56% in 2018 to 47% in 2019.

However, it is important to note that off-plan properties can also come with certain risks. Delays in construction or other issues with the development process can result in significant delays in delivery, which can be frustrating for buyers. Additionally, there is a risk that the developer may not complete the project as planned, which can result in buyers losing their investment.

Ultimately, the decision between off-plan and ready properties will depend on a buyer’s individual circumstances, preferences, and risk tolerance. Buyers should carefully weigh the pros and cons of each option and conduct thorough due diligence before making a decision.

CategoriesMarket Trends Real Estate

2023 Real Estate Market Forecast:

It is important to note that real estate markets are influenced by a variety of factors, including economic conditions, political stability, and social trends, among others. With that being said, here is an overview of the current real estate market trends in Pakistan:

Overall growth: Despite the challenges faced by the real estate market in recent years, the sector has shown overall growth in Pakistan. According to a report by JLL Pakistan, the real estate market in Pakistan is expected to grow at a compound annual growth rate of 4.2% from 2020 to 2024.

Increased demand for affordable housing: The demand for affordable housing is expected to increase in Pakistan in the coming years, as more people move from rural to urban areas in search of employment opportunities. This trend is likely to drive growth in the real estate market, particularly in the low- to mid-income segments.

Focus on sustainability: The demand for sustainable and eco-friendly properties is expected to increase in Pakistan, as more people become aware of the environmental impact of traditional construction methods. Developers who prioritize sustainability are likely to see increased demand for their properties in the coming years.

Shift towards digitalization: The COVID-19 pandemic has accelerated the trend towards digitalization in the real estate sector, with more people using online platforms to search for properties and conduct transactions. Real estate companies that invest in digital platforms and marketing strategies are likely to have a competitive advantage in the market.

Impact of government policies: Government policies, such as the construction package introduced in 2020, are likely to have a significant impact on the real estate market in Pakistan. The package aims to boost the construction sector by providing tax incentives and other benefits to developers, which could lead to increased activity in the market.

Overall, the real estate market in Pakistan is expected to show growth in the coming years, driven by factors such as increased demand for affordable housing and sustainable properties, as well as the shift towards digitalization. However, the market is also likely to be influenced by government policies and other external factors, which could impact its trajectory. As always, it is important for real estate professionals to stay up-to-date with the latest trends and market developments in order to make informed decisions.

CategoriesInvestment Market Trends Real Estate

Why buy a house in Islamabad?

Islamabad, the capital city of Pakistan, is known for its beautiful landscapes, modern infrastructure, and high standard of living. It’s a city that is rapidly growing and attracting people from all over Pakistan, as well as from abroad. If you’re considering buying a house in Islamabad, there are several compelling reasons why it’s a wise investment. Let’s explore some of the key reasons and back them up with relevant stats.

Growing Real Estate Market

The real estate market in Islamabad has been consistently growing in recent years, with property prices on the rise. According to Zameen.com, Pakistan’s largest property website, property prices in Islamabad increased by 10.24% in 2021. This indicates that investing in property in Islamabad is a wise decision, as it’s likely to yield a good return on investment in the long term.

High Standard of Living

Islamabad is known for its high standard of living, which makes it an attractive location for people to settle down and buy property. The city has well-developed infrastructure, excellent healthcare facilities, quality education institutions, and a low crime rate, making it a safe and comfortable place to live. According to Numbeo, a website that provides quality of life data, Islamabad ranks as the second-safest city in Pakistan and has a cost of living index lower than Karachi and Lahore.

Investment Opportunities

Apart from the residential sector, there are several investment opportunities in Islamabad that can help you generate a substantial return on investment. According to a report by JLL, a global real estate consultancy firm, the demand for commercial properties in Islamabad is on the rise, which indicates a growing business environment in the city. There are also opportunities to invest in the tourism and hospitality sectors, with the city’s growing popularity as a tourist destination.

Booming Construction Industry

The construction industry in Islamabad is booming, with several new housing societies and commercial projects being developed across the city. According to a report by the National Highway Authority of Pakistan, the construction industry in Islamabad is expected to grow by 8% in 2022. This indicates that there will be an increased demand for property in the city, which makes it a good time to invest in real estate.

Growing Population

The population of Islamabad is rapidly growing, which indicates a higher demand for residential properties. According to the Pakistan Bureau of Statistics, the population of Islamabad is projected to reach 2.5 million by 2025. This means that there will be a growing demand for housing, which makes it a good time to invest in property in the city.

In conclusion, buying a house in Islamabad is a wise investment due to the city’s growing real estate market, high standard of living, investment opportunities, booming construction industry, and growing population. The city offers several benefits to its residents, making it an attractive location to settle down and invest in property. By considering these factors and conducting proper research, you can make a smart investment decision that will yield long-term benefits.

CategoriesInformative Investment Market Trends Real Estate

Why Real Estate Projects Failed in Gujar Khan?

 them, to avoid repeating the mistakes of the past.Gujar Khan is a small city located in Punjab, Pakistan. Over the past few years, there have been several real estate projects that have been launched in the city with the promise of providing modern and affordable housing to people. Unfortunately, many of these projects have failed to meet their objectives, leaving investors and homebuyers with significant losses. Here are some reasons why real estate projects in Gujar Khan have failed:

Lack of infrastructure: One of the primary reasons for the failure of real estate projects in Gujar Khan is the lack of infrastructure. The city has a poor road network, limited access to public transportation, and inadequate water and electricity supply. This makes it difficult for people to commute to and from the city and makes it challenging for real estate developers to provide modern amenities to residents.

Insufficient market research: Many real estate developers in Gujar Khan failed to conduct proper market research before launching their projects. As a result, they failed to understand the needs and preferences of the target market and could not offer properties that met the expectations of potential buyers.

Unreliable developers: Some real estate projects in Gujar Khan were launched by developers with a poor track record or reputation. This lack of credibility led to a lack of trust among potential buyers and investors, which made it difficult for developers to raise funds and complete their projects.

Regulatory issues: In some cases, regulatory issues and red tape made it difficult for real estate projects in Gujar Khan to obtain necessary approvals and permits. This further delayed the completion of projects and discouraged potential buyers and investors from investing in the projects.

Lack of marketing and branding: Finally, some real estate developers in Gujar Khan failed to adequately market and brand their projects. This led to a lack of awareness among potential buyers and investors, which made it difficult for them to generate interest and sales.

In conclusion, the real estate projects in Gujar Khan failed due to a combination of factors including lack of infrastructure, insufficient market research, unreliable developers, regulatory issues, and lack of marketing and branding. These factors should serve as a lesson to developers in the region to conduct thorough research and plan their projects carefully before launching

CategoriesInformative Investment Market Trends Real Estate

Chakbeli is Crown Jewel of Rawalpindi

Chakbeli is an emerging real estate location in Islamabad that is gaining a lot of attention in the real estate market. Located on the outskirts of Islamabad, Chakbeli is considered a crown jewel in the real estate market due to its location, infrastructure, and future potential. In this blog, we will explore why Chakbeli is a crown jewel in the real estate market of Islamabad with stats to support its potential.

Location of Chakbeli:

Chakbeli is located on the eastern outskirts of Islamabad, just a few kilometers away from the Islamabad Expressway. The location of Chakbeli provides easy access to the twin cities of Islamabad and Rawalpindi, making it a popular choice for people looking for a convenient and peaceful living environment.

Infrastructure in Chakbeli:

One of the key factors that make Chakbeli a crown jewel in the real estate market of Islamabad is its infrastructure. Chakbeli has modern infrastructure facilities such as electricity, water supply, and road networks that are well connected to the rest of the city. The area is also equipped with modern amenities such as parks, playgrounds, shopping centers, and educational institutions, making it an ideal location for families.

Potential of Chakbeli:

Chakbeli has enormous potential in terms of real estate development. The area is still in the development phase, which means that there is plenty of room for growth and expansion. The government has also announced several development projects in the area, including the construction of a new hospital, the expansion of the Islamabad-Rawalpindi Metro Bus Service, and the establishment of a new industrial zone. These projects are expected to boost the real estate market in the area, and as a result, property values are likely to appreciate in the coming years.

Stats on Chakbeli’s Real Estate Market:

According to data from Zameen.com, one of Pakistan’s leading property websites, Chakbeli is a rapidly growing real estate market. The area has seen an increase in the demand for both residential and commercial properties over the past few years. In 2021, the average price of a 1 kanal residential plot in Chakbeli was around PKR 30 million. The average price of a 5 marla residential plot was around PKR 10 million. Similarly, the average price of a commercial plot in Chakbeli was around PKR 300 million in 2021.

Conclusion

Chakbeli is a crown jewel in the real estate market of Islamabad due to its location, infrastructure, and potential for growth. The area has seen a surge in demand for both residential and commercial properties in recent years, and the government’s commitment to development in the area is expected to boost the real estate market even further. With its convenient location, modern infrastructure, and future potential, Chakbeli is quickly becoming one of the most sought-after locations for real estate investment in Islamabad.

CategoriesInformative Investment Market Trends Real Estate

Impact of the Margalla Road Expansion Project on Real Estate in Islamabad

The Margalla Road Expansion Project is a major infrastructure development that is expected to have a significant impact on real estate in Islamabad in 2023. The project is expected to be completed in the coming year, and its impact on the real estate market is likely to be felt in various ways. In this blog, we will explore how the Margalla Road Expansion Project is expected to impact real estate in Islamabad in 2023.

Location of the Margalla Road Expansion Project:

The Margalla Road Expansion Project is an important infrastructure development that is taking place in Islamabad. The project involves the expansion of Margalla Road, a major thoroughfare in the city that connects the Islamabad Highway with the Margalla Hills. The road expansion project will cover a distance of around 12 kilometers and will involve the construction of additional lanes, flyovers, and bridges.

Impact of the Margalla Road Expansion Project on Real Estate in Islamabad

The Margalla Road Expansion Project is expected to have a significant impact on real estate in Islamabad in 2023. Here are a few ways in which the project is expected to impact the real estate market:

Property Prices in the Surrounding Areas:

The expansion of Margalla Road is likely to increase accessibility to the surrounding areas, which could result in an increase in property prices in these areas. Areas like F-10, F-11, E-11, and G-11, which are located close to Margalla Road, are likely to see a significant increase in property prices as a result of the expansion project.

Increased Demand for Housing in the Surrounding Areas:

The expansion of Margalla Road is also expected to result in an increase in demand for housing in the surrounding areas. The increased accessibility to these areas will make them more attractive to potential homebuyers, resulting in a surge in demand for housing in these areas.

Development of Commercial and Retail Spaces:

The expansion of Margalla Road is also expected to lead to the development of new commercial and retail spaces in the surrounding areas. The increased accessibility to these areas will make them more attractive to businesses, resulting in an increase in the development of commercial and retail spaces in the area.

Improvement of Infrastructure:

The expansion of Margalla Road is expected to improve the infrastructure in the surrounding areas. This includes better road connectivity, improved transportation, and better access to basic amenities such as water and electricity. This improvement in infrastructure is likely to make the surrounding areas more livable and attractive to potential homebuyers.

Conclusion

The Margalla Road Expansion Project is a major infrastructure development that is expected to have a significant impact on real estate in Islamabad in 2023. The project is likely to result in an increase in property prices, an increase in demand for housing in the surrounding areas, and the development of new commercial and retail spaces. The improvement in infrastructure is also expected to make the surrounding areas more attractive to potential homebuyers. Overall, the expansion of Margalla Road is expected to be a positive development for the real estate market in Islamabad.