Challenges Faced by Peshawar Real Estate Industry and Its Future Growth Prospects
Peshawar, Capital of Khyber Pakhtunkhwa, is a very beautiful city. Unfortunately the law and order situation of this city have seen ups and down. The security issues have lowered the interest of people in real estate sector. The disturbing peaceful environment have caused the investors to invest it in other cities for several years in past.
Investment in Peshawar Real Estate
Well, the situation is changing in this city now. The operation carried out in the areas nearby is restoring peace in the region. The security conditions are getting better day by day. The rates of property are increasing and it seems that now people are ready to invest here. Peshawar is a fine city for all property transactions including residential purposes.
It is the time to make investment in this city because many projects have been launched in this area.
The city has developed a lot and there are many factors which attract the investors to invest here including.
– Uninterrupted Gas supply.
– Limited load shedding
– Availability of CNG.
– Good Infrastructure.
All these factors have gained the importance of house buyers property investors from all over the country.
In addition to this, before in this city, the “Patwari” Culture was common, now the steps have been taken by the provincial government to fix the irregularities in property transactions. This has further increased the interest of buyers. Although it will take some time to make it excellent model city and set new trends, still a lot has achieved up till now.
Housing Societies in Peshawar
It is one of the fastest developing cities of Pakistan. It has better facilities and good employment opportunities. Most popular housing societies in this city for both investment and living are University Town Peshawar, Regi Model town, overseas Pakistan, foundation colony, Hayatabad, Gulbahar and DHA ( Defense housing Authority). Any real estate investment done in these areas will be fruitful and will provide high profits. It is also good news that all these housing scheme and upcoming projects including Bahria town are launching soon.
Therefore, it is a great city to invest for future projects and many people are interested to buy property in Peshawar, KPK. Real Estate Advisors are really hopeful that the future of this sector is bright in Peshawar and many new investors along with the old ones will invest here.