In one of our previous posts, we shed some light on Khyber Pakhtunkhwa (KP)’s real estate market and the investment potential there. We discussed some of the positive factors that are playing a great role in bolstering the property market of Peshawar as a whole. Restoring peace in the provincial capital is indeed opening new avenues for investment there.
Though the prices of properties in KP have plummeted over the course of the last five years, we should expect to see them rising in the coming time.
China, which has always proved to be an all-weather friend for Pakistan, now plans to delve into the real estate sector of KP with a monumental investment. A group of Chinese investors has shown interest in the provincial government’s plan to launch high-end residential communities equipped with all the necessary amenities and addressing security and safety concerns completely. The group is mulling investing $1 billion in two large-scale housing projects in the province and has also guaranteed support in the execution of the proposed projects.
The proposed projects are Education City on M-1, Nowshera, and Mega Sports City, Peshawar. These projects are aimed at catering to the accommodation needs of the ever-increasing population of the province, and would also open new investment horizons for property investors.
According to a news source, the Chinese investors sat down with KP Chief Minister Mr Pervaiz Khatak last week to discuss the investment prospects. During the meeting, the chief minister said the projects would be built to the same standards employed in big cities with large-scale housing facilities, and would feature all basic civic amenities. He also stated that the introduction of new housing projects were the need of the hour in order to relieve the pressure of increasing population on urban localities.
We believe this is a promising initiative for the real estate market of KP, and upon completion of the proposed projects, the real estate market of the province would be all set to begin its upward journey.
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Hi Zain, can you kindly tell when is it expected to launch? Is it worth investing? Appreciate your precious advice. Thanks. Afridi
Assalam o alaikum,
Dear Mr Afridi,
We haven’t come across any news about the launching date of the proposed projects. We shall surely update our readers once we get any certain news in this regard.
Stay tuned.
Regards,
zain Nadeem
I’m sure they will go through with the $1billion investment. The type of prices these Asian funds are paying for international acquisitions are insane, and will ultimately have a hard time seeking a return. A Chinese Insurance company just paid $2million/room for the yet to open Baccarat Hotel. It is acquisitions like this that may prove to be a huge failure, however in Pakistan may be money used wisely.