How much does land cost in Islamabad?
Real Estate:
Real estate is a word that we use in our daily life conversation regarding property matters but have you ever thought what does the word actually mean? What is its significance? The word real estate is derived from two words of Latin and French respectively. Real is derived from Latin which means “present, authentic or genuine.” The word Estate is translated into English after deriving from an old French word “estat” which means “status or rank.” So if combined together, the whole word means an individual who owns a piece of land or relevant units.
Land:
It is said that the best investment on earth is earth. This implies that if all things fail, the land that you have invested into will repay through one way or another. However, to get a significant amount of pay back that take cares of you in your old age, you need to invest in the right kind of asset during springtime of life.
Right Asset:
How to know that the property you are investing into will yield high returns? For this, you need to do a thorough study about cities that are doing extremely well in terms of real estate investment. Cities that have a higher probability of rising in the real estate world provide assets that are highly profitable and beneficial. In Pakistan cities that have been a huge success in estate matters are Islamabad, Lahore and Karachi.
Rates in Islamabad:
Being the capital of Pakistan, Islamabad has already become investor’s favorite for its cleanliness, scenic views and high paced development. As the infrastructure and the outlook of the city is top notch, it not only catches the eye of investors but of visitors and tourists as well.
Now coming to the point, how much does the land cost in Islamabad? Truth be told, land in Islamabad is very costly and expensive. Why? We will explain it in detail. The reason behind these rates is that Islamabad is situated in the midst of hilly area. This insinuates that more machinery is required in order to get rid of hilly area so that construction can take place. Therefore the budget increases as more machinery is bought. So the whole process of leveling the land requires a force of labor and hiring more laborers increases the total expenditure as well. Hope this gives you clarity on why land in Islamabad is high priced. This indicates that investors will surely benefit from a handsome amount of profit if they invest in capital.
Some of the best options for investment in Islamabad are:
Plots for sale in Capital Smart City and Park View City Islamabad plot can be bought on easy installment plans with the help of any authorized real estate agency who is well reputed for delivering more than expected. Contact the best real estate agent of the company and ask him to guide you as per your interest keeping your feasibility in mind.
We wish you best of luck dear investor!
Read More Blogs: Lahore Smart City vs. Capital Smart City
Comments
Post a Comment