2013 proved to be a promising year for the real estate sector of Pakistan. The CY2013 not only witnessed increased activity in the property market but the prices of properties also registered notable uptrends in the past one year.
In Lahore real estate, DHA (Defence Housing Authority) continued to catch investors’ attention by offering high ROIs (Return on Investment). As per Zameen.com’s data, the average sale price of 1 Kanal plots spiked by 33.62% in 2013. Similarly, Bahria Town, Lahore Cantt and LDA Avenue 1 also remained popular among the investors.
In Islamabad real estate, the sectors F11, E11 and G11 of the CDA (Capital Development Authority) registered impressive hikes in 2013. As per Zameen.com’s stats, average sale price of 1 kanal plots in sectors F11, E11 and G11 increased by 40.06%, 32.55% and 45.56% respectively, during the past one year. However, Bahria Town outdid all other residential communities in Islamabad by registering a price increase of 117.20% for 1 kanal plots in 2013.
During 2013, Karachi’s real estate market performed notably well, despite the security unrest in the city. DHA Karachi remained in the limelight for showing an average sale price increase of 23.09% for 1 kanal plots in the previous year. On the other hand, Gulshan-e-Iqbal and Gulistan-e-Jauher also showed uppish trends during the CY 2013. Particularly, the launch of Bahria Town Karachi remained a big highlight for the real estate sector of Karachi.
