Cities across the world have separate areas for residential and commercial activities, i-e both residential and commercial activities take place in different designated zones. These zones are identified and implemented by local governments. To understand urban planning, it is important for us to understand the concept of zoning in real estate. Graana.com, Pakistan’s smartest property portal, takes a look at the concept of zoning in real estate and the zones of major metropolitan cities of Pakistan. What is Zoning in Real Estate Zoning is the practice of demarcating a piece of land under municipal laws. That is, the practice is undertaken to regulate and govern the use of the property. Furthermore, these laws are used by local authorities to prevent the use of the residential real estate for commercial activities and vice versa. Economics of Zoning in Real Estate According to Nobel Laureate economist Ronald Coase’s Theorem, in the absence of transaction costs and questions, disputes about land use and development can be resolved optimally without the need for government regulation. In addition, Coase’s Theorem assumes that[...]
Domestic prices of steel products fell below the Rs250,000 per ton mark after a sudden decrease in raw material costs in the international market. According to JS Research. Domestic steel producers, namely Aisha Steel Mills Limited (ASL) and International Steels Limited (ISL), announced the slash[...]
In real estate dealings, you may find yourself in situations where you need immediate funding to complete any transaction. This usually happens if you’re looking to buy a new home before selling your current property. To bridge the financing gap in such a scenario, investors[...]
In simple terms, a real estate consultant is supposed to provide expert advice and guidance to clients looking to buy or develop a property. People often call them “real estate counselors” or “real estate advisors.” They mostly work with commercial investors who are interested in[...]
Gather your greens and whites because 14th August is around the corner. This occasion calls for excitement and celebration as it reignites the spirit of our freedom by reminding us of the sacrifices our forefathers made for achieving a separate homeland. Graana.com, Pakistan’s smartest property[...]
Real estate economics show that the current stable condition of the sector can be a foundation for future establishment of a substantial market. The booming percentages in real estate during the previous government were due to the befitting tax reforms and policies introduced by the Ex-Prime Minister. Lower rates of tax and higher rates of interest stemmed from the exceptional rates of return and innumerable amounts of tax collection. The current government has put forth the recommendations for the fiscal budget, focusing mainly on short term sustainability and long term progression. Graana.com, Pakistan’s smartest property portal, is here to explain the future of real estate in Pakistan, amid the change in policies. Table of Contents What is Real Estate Economics? Real Estate Market in Pakistan Change of Policies Future of Real Estate in Pakistan What are the flaws in the Real Estate Sector of Pakistan? How to overcome the flaws in the Real Estate Sector of Pakistan? What is Real Estate Economics? Real Estate Economics is the field of study that utilises economic trends of supply and demand. It[...]
Not only do stairs make a functional part of the house, but also they have a major share in elevating the interior decor of the house. Also, they take up a substantial amount of space, which is why it is practically impossible to not notice[...]
Investment in stocks and bonds isn’t like real estate as you don’t need a lot of initial capital to invest in these two markets. In the stock and bond markets, you can dive right in with as little as $100 and exit it whenever you[...]
Credible and quality property listings can attract a number of buyers. A property listing is simply an advertisement for a real estate property that is for sale. It provides potential buyers with key information about the property, such as its price, location, descriptions, and photos. [...]
Skip tracing is the process of locating potential customers for real estate deals. It can also be defined as the insider information of the pool of customers that a real estate agency or an investor can persuade. Those attuned to the profession of real estate[...]