Weak economic fundamental, ballooning current account deficit, excessive circular debt, falling foreign exchange reserves, escalating interest rates, and political chaos before free and fair elections are held in next week, both real estate market and stock market have touched the bottom. The rupee has lost over 20% of its value against US $, and experts say further depreciation would be pre-requisite for the newly formed government of Pakistan.
Before elections are held, potential real estate investors take a cautious approach because of their expectations from the newly elected parliamentarians. Real estate investors are of the view that property prices rise after elections. However, this could be more of a belief than a fact. Election results do not affect the real estate market as such; they impact the sentiments of investors both at home and abroad, Another aspect of the elections’ impact on property market can be seen when infrastructure projects started by a previous government are shelved or stalled by the incoming party.
Historical analysis shows that real-estate and socks both show lack of interest by the investors due to uncertainties attached. The election may have a significant impact on the residential projects, but it’s unlikely that real commercial sector is affected by Elections as commercial real estate uses local government to determine zoning taxes and regulation changes. From the time of the most recent recession, property values continue to increase while employment continues to recover, although slowly. Commercial real estate markets and business owners could be vulnerable to the initial instability of a new government. The election is currently negatively affecting growth due to the uncertainty of the economic impacts.
But its fact that whoever dares to risk more also gain more. Take this notion as a serious opportunity to invest in hottest located properties in downtown Gulberg may become a windfall gain for a lifetime that you don’t want to miss out. Gulberg is considered as the most sought-after real estate in entire Pakistan. Real estate sector in Pakistan offers a vast potential for getting highest returns on investment and as either residential or commercial property in Gulberg inflates in value to strictly around 25 to 35% on an annual basis.
In last 30 years, Downtown Gulberg has emerged as the hottest hub of Lahore, Gulberg the downtown of Lahore houses world-class iconic fashion spots, sophisticated shopping mall, trade centers, domestic and internal food chains. Main Market Gulberg, Main Boulevard Gulberg, mini-market Gulberg, MM Alam Road, Stadium Road, Noor Jehan Road, Liberty Market and Mian Mehmood Kasuri Road.
Indigo Developers have fulfilled their promises as per pre-announced deadlines. According to Managing Director of Indigo Developers., a smart real estate investor can verify that by visiting Indigo Heights project where the grey structure has already completed as per schedule, and interior finishing work has been started with all the enthusiasm.
Indigo Apartment at 64-L is yet another iconic project by Indigo Developers offers a golden opportunity for real estate investment to book highest returns and rental gains in the years to come.