Investment is believed to be “easy money”. It is a smart decision that requires patience and careful financial planning. The sentiment holds true especially for the major cities of Pakistan when it comes to real estate.
Multan is among one of the most prominent cities reflecting a fast development in its infrastructure. Located in Southern Punjab having an area of 133 sq Km, Multan is the 7th largest city in Pakistan (by population). Real estate in Multan has stabilized over the years, not only because of the thriving population but also due to the government’s interest in developing the city’s infrastructure, roads, establishing educational institutions, and so on.
This allowed the netizens from surrounding districts like Bahawalpur and Muzaffargarh to settle in the city. Keeping this factor in mind, it is important for investors to learn about the reasons for investing in real estate in Multan.
Why Real Estate in Multan is Important?
The real estate sector is every flourishing quickly in the past few years. Multan has always been the hub of primary commercial activities. Moreover, the recent development in housing schemes flaunts the chance for far-off investors to invest in properties in the main city instead of semi-urban districts.
Real estate in Multan is the biggest attraction for overseas Pakistani as well seeing that the latest housing projects offer a solid investment. According to property experts following reasons are compatible for a successful real estate investment in Multan.
1. High Investment Potential
Undeniably, Multan’s real estate market is free of any saturation. The market has the potential and future capacity for real estate investments. These investments are available in the form of residential settlements and commercial activities that are not far away from the main city.
On the other hand, agricultural land is also considered to bring new opportunities for real estate in Multan. Developers of housing schemes in Multan have undertaken the agricultural lands to be viewed as part of the housing societies, upscaling the prices in a short period of time.
2. High in Demand
Southern Punjab is a favorite nominee for its administrative grounds. Thanks to the PTI’s government, the South Punjab secretariat has been functional allowing the city’s infrastructure to grow with the popular development projects.
The latest developmental projects have increased the demand for real estate. The residential plots are being sold at spiked rates for multiple reasons. Therefore, it is a fact that a city offering supreme living standards will increase in popularity for future investments, increasing the demand for the land.
3. Modern Developments
Some of the most popular development projects like Citi Housing, DHA Multan, Royal Orchard, etc are located in Multan. The prime locations like Bosan Road and Shujabad Road are ideal for investments as the city will be accessible from all exit points.
These development projects are reliable, highly maintained, and professionally landscaped giving the opportunity to find the best commercial and residential plots for all intents and purposes. Since Multan is the economic capital of Southern Punjab it’s not surprising that several business opportunities have arisen because of these projects.
From 19-hole Romanza Gold Club to Miyawaki Forests, all modern amenities and facilities uphold the value, therefore attracting investors of all shapes.
4. Commercial Success
A rise in commercial activities is seen ever since the development projects took its root in Multan. To start with, Pearl Continental Hotel, a 5-star hotel chain is located near Askari Phase 1 Multan Cantt. It will create an influx of foot traffic for the hotel and the other established businesses in the surrounding areas.
Similarly, Ramada Hotel is another prime example of commercial real estate in Multan. The hotel has been functional for several years, and Pearl Continental is a welcome addition.
Besides, the Metro Cash and Carry’s launch at Bosan Road created a significant impact on the housing societies like Citi Housing Multan.
The establishment of commercial-based projects has given a boost to the real estate in Multan, attracting more investors, and businesses alike.
Conclusion
Multan certainly has the potential to become a leading city in Southern Punjab for agricultural and real estate reasons. This metropolitan city has the capacity for future investments therefore one can hope to make profitable returns and expect easy installments for whatever development projects they decide to invest in.
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