Problems Faced by Faisalabad Real Estate Industry and Its Future Growth Prospects
Faisalabad is one of the rapidly growing cities of Pakistan with great investment potential. It has seen launch of many quality housing schemes and some mega commercial projects over the last decade or so.
Problems Faced by Local Real Estate Industry:
During previous Governments tenure, this city has faced many challenges. Many developers constructed Housing Schemes but could not attract buyers. Energy crisis in this area was one of the major reasons for investing. It seems to be a risky business, and investors were not ready to invest further. Although it was an industrial estate, but due to lack of proper facilities, people were hesitate to invest here.
Finally after so many years, the trend changed and like other major cities of Pakistan, Faisalabad also got interest of the people.
Future of Faisalabad Real Estate:
In just three months, prices of property in this city have increased from 50% to 70%. The rates are rising at rapid phase and investors have huge hope.
They are confident and relaxed about the security issues. Many new investors and businessmen are pouring money into the sector, to utilize this wonderful opportunity. The new projects are launched and rapid developments are made in every society. Good locations for buying a home or for future investments are:
– Old City center.
– New City Center.
– Areas near all important road links.
It has a great potential and give high yields returns in future. Faisalabad has always considered as center of attraction for business lovers. It is among the populated cities of Pakistan. You can find all commercial and residential plots here. Beautiful luxurious houses are constructed in all societies, for elite class living.
The development is increasing day by day and coming years seems to be excellent for investment. It is the time, if you are planning to live in this city, buy your property now because it will be very beneficial for your future.
Although, this industry has faced few problems in last few years, but time has changed and now it is one of the developed and modern cities of Pakistan. So what are you waiting for? Faisalabad is among the best places of Pakistan.