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Property in Islamabad |
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The capital of Pakistan, Islamabad is a region that is multicultural, multilingual and the most significant in the country. With a population of 530,000 it homes inhabitants from all over the world and yet represents the true colors of Pakistan. With its lush green surroundings, air rich with political and economical currents and an aura of power all around, Islamabad can be easily compared to any leading capital city. Metropolitan Islamabad, an international business hub, is a hidden gem that doesn't get the press and investor excitement it perhaps should. With the most stable and advanced economy in Pakistan, Islamabad enjoys a high standard of living. Islamabad ranked eleventh-one spot behind London-in terms of the city's degree of economic freedom, according to the 2007 Index of Economic Freedom put forth by The Heritage Foundation and the Wall Street Journal. "Islamabad has two things not easily found in Pakistan and Asia, stability and security," Gifted from nature with lush green environment and hilly surrounding, this city is the dream come true for luxury living and architectural beauty. Property in Islamabad has always been in highest demand because of its modern architecture and state or the art infrastructure. According to a news quoted on Bastee.pk, CDA has initiated a three-year project ‘Green and Clean Islamabad’ to reduce pollution and dispel bad impression cast by chopping of trees during construction projects. In addition, Islamabad's tourism has begun to pick up speed: the World Trade & Tourism Council projects growth of around 12.3 percent this year. Real estate values in Islamabad are also steadily climbing, and not as a result of an "artificial real estate bubble," Pakistan’s capital, Islamabad, is a booming metropolitan center in its own right, with first-class infrastructure. More than a third of Islamabad's population resides in the metro area of Islamabad. The capital is a business hub for the whole Asian Market and welcomes an abundance of business travelers, expatriates, tourists, etc. However, the bustle of activity in the Real Estate Islamabad and other businesses has created a considerable amount of Quality Life, particularly in the Islamabad and nearby areas, a drawback that prospective real estate investors will want to keep in mind. The city of Islamabad provides significant advancements in infrastructure in Real Estate Islamabad, Real Estate Rawalpindi, and or Property Islamabad, providing investors with opportunities to buy property i.e plots, houses, industrial units or manufacturing firms, or even a rental property in almost any price range. Islamabad is significant not only because of its political importance but also because the business opportunities that this city provides are far more enhanced and target an international audience more than any other city of Pakistan. Hub of political activity: Being the capital of Pakistan, Islamabad serves as the base for the head offices of all government sectors. A mature experience of bureaucracy and professionalism, Islamabad is the ideal city for foreign diplomats, foreign missions, embassies, consulates and international firms. To accommodate these residential and commercial needs new sectors have been announced from CDA. These new sector will enjoy the super markets, mega shopping complex, cinemas, parks and recreation areas keeping the legacy of Islamabad alive. With these significant characteristics, rate of commercial and residential property in Islamabad is much higher than the property in Karachi, property in Lahore or property in Faisalabad or even property in Rawalpindi; its neighboring city. Due to high rent rates, a trend of renting and buying of flat is increasing gradually in Islamabad where rental cost of independent housing units, bungalows, farm houses or traditional houses is much higher and may not be affordable for some locals. Center of diplomatic activities, Islamabad is also an excellent investment opportunity for hostel industry which is already flourishing there. Recently an international property group started the construction of world’s second seven star hotel – The Centaurus – in Islamabad. |
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