With random urbanization and a real estate price hike, it is impossible to enjoy peace in metropolitan cities. At the same time, there is a sharp increase in the demand for real estate in these countries for investment and residence purposes. To complement the increased demand, the developers focus on vertical building projects. Buying an apartment is ideal for investors looking for short-term investments. It is equally attractive for the buyers who seek a luxurious life without breaking their bank. Moreover, apartments are easy to maintain and offer a high return on investment.
The apartment was always an attractive alternative to independent living, but their popularity has been drastic during the last few decades. Now families prefer to live in mid and high-rise buildings.
First, there has been a sharp increase in the demand for apartments in the Pakistan real estate market. Only the prospective buyers grew from 15% to 17% in Islamabad during the last two years. Similarly, in Punjab, the demand increased by 15% to 17% between 2018 and 2020, followed by 23% to 25% in Sindh and 17% to 19% in KPK during the same time.
The sharp increase in demand can be attributed to rapid urbanization. People prefer to live in the cities to enjoy a better lifestyle, education, medical facilities, and employment opportunities. Moreover, the government also supports vertical expansion and has restricted horizontal development.
But why does the customer prefer apartment-style living? The answer is simple. Apartments are much easier to maintain compared to independent units. Furthermore, apartments are less expensive, more developed, and secure. The developers pay special attention to its location, computation, and connectivity.
Apartments are generally equipped with state-of-the-art facilities, making life comfortable. High-end features include valet service and concierge, elevators, foolproof security system, covered parking area, advanced emergency and fire safety systems, rooftop gardens, in-house gymnasiums, restaurants, spa, fitness centers, shopping area, etc. are some of the must-have features in an apartment-style living.
Additionally, the apartment complexes usually have a management department responsible for the maintenance, making life hassle-free. Having such high demand, naturally, apartments can be sold conveniently.
I hope this article helps you make a well-informed decision regarding buying an apartment in Pakistan. If you still have any questions or want to explore the available opportunities to invest in resort-style apartment life, please honor us with your query for a prompt reply.