After the announcement of the ‘historic’ relief package by Prime Minister Imran Khan on Friday, the former Chairman of ABAD association Hasan Bakshi has made an astounding statement. He said that the construction sector is expected to attract an investment of 1 TRILLION RUPEES this year. He said that over a thousand projects are in the pipeline, which will now be resumed when the construction resumes on April 14.
If this happens, it could mean a total revival of the construction and real estate sector which is awaited by all parties involved in these industries. There actually are some giant projects in works like ARY Laguna, Emaar’s Panorama, Eighteen, Capital Smart City and a ton of commercial projects including mega shopping malls in almost every city, which can generate this enormous sum with foreign and local investment.
With the new incentives offered by the government, it could translate into a major payday for all the allied industries associated with the property and construction sector. However, would you experts care to offer your two cents on whether the investors be willing to take a gamble in the risky economic situation? The pay-off will be great but is it worth the risk?