The real estate market in Pakistan is buzzing with new developments and exciting investment opportunities. From renowned developers to strategic collaborations, here’s a comprehensive update on the latest happenings in the real estate sector.
OZ Developers
OZ Developers is a well-known name in the Pakistani real estate market. The company has recently garnered significant attention by sponsoring the Pakistan cricket team. Cricket legend Shahid Afridi has joined OZ Developers as their brand ambassador, adding to the company’s credibility and appeal. Additionally, IT Trainer and CEO of Enablers Group, Saqib Azhar, has partnered with OZ Developers on the Lahore Sky project, further strengthening its market presence. Several other cricket stars are expected to join the Lahore Sky project, making it a high-profile venture.
Bahria Sky
Bahria Sky, another prestigious project by OZ Developers, offers a promising investment opportunity with a 7% annual rental income. This project is designed to provide investors with a steady stream of rental income, making it an attractive option for those looking to earn regular returns on their investment.
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Lahore Smart City: Strategic Access and Expansion
Lahore Smart City, a sprawling project covering 35,000 kanals, is known for its well-planned infrastructure and amenities. Recently, the officials of Lahore Smart City announced the successful transfer of land to the National Highway Authority. This transfer will facilitate direct access from the Lahore Ring Road, significantly enhancing the project’s connectivity and appeal.
Bahria Town Sector F
Bahria Town is a flagship real estate project in Pakistan, and Sector F has emerged as a commercial hub in recent months. This sector is poised to host several mega malls, making it a prime location for business and investment. Bahria Town Sector F also offers family entertainment options, with the recent launch of Bahria Town Carnivals providing residents with a new recreational facility.
Midway Commercial Project
The Midway Commercial project in Bahria Town has launched a food court, attracting significant interest from investors. This food court is expected to become a popular spot for visitors, offering good returns on investment for those who invest early.
Tipu Sultan Extension
In the Tipu Sultan Extension of Bahria Town Sector F, large commercial plots have been introduced, attracting various developers. One notable project is the “Classic Atrium,” which offers studio, one-bedroom, and two-bedroom apartments. This project is set to become a sought-after address for both investors and residents.
Property Taxes in 2024 Budget: Increased Levies
The 2024 budget has seen an increase in property taxes, impacting real estate investments across Pakistan. Investors should be aware of these changes and plan their investments accordingly.
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