Pakistan is a developing country with a lot of potential. There are a lot of business opportunities in Pakistan that are yet to be explored. One of the best ways to safeguard and grow your hard-earned money is through real estate investment in Pakistan. In this blog, we will take you through a list of the best cities to invest in real estate.
To know more about these cities, keep on reading.
List of Best Cities to Invest in Real Estate
Lahore is known for its rich culture, lively people and lip-smacking cuisine. It is the provincial capital of Punjab and the country’s 2nd largest city and 26th largest city in the world. Lahore is also considered one of the most socially liberal, artistic, progressive, and cosmopolitan cities.
Lahore is also the centre of Pakistan’s film industry, Lollywood, and is a significant centre of Qawwali music. It also has some prominent historical places in Pakistan, including the Walled City, the famous Badshahi masjid, Wazir Khan mosques, and many Sikh and Sufi shrines. Lahore is also home to the Lahore Fort and Shalimar Gardens, which are UNESCO World Heritage Sites.
The city has the best infrastructure in the city and is known for its architectural marvels. Lahore’s primary public transportation system is very systematic and is operated by the Lahore Transport Company (LTC) and Punjab Mass Transit Authority (PMTA). T
wo famous public transport networks used in the city are the PMTA’s Lahore Metrobus and the Orange Line of the Lahore Metro train. The Orange Line metro spans 27.1 km around the city and operates at a speed of 80 km/h (50 mph).
Apart from these modes of transport, many local taxis, buses and rickshaws are also available in abundance. Under Punjab Local Government Act 2013, Lahore is a metropolitan area under the authority of the Metropolitan Corporation Lahore.
The next city on our list is Faisalabad, known for its industrial sites and rich culture. It is also known as one of the Best cities to invest in real estate. In older times, Faisalabad was known as Lyallpur. It is the third-most-populous city in Pakistan after Karachi and Lahore, respectively, and the second-largest in the eastern province of Punjab.
The total area of Faisalabad District is 5,856 km2 (2,261 sq mi), whereas the area controlled by the Faisalabad Development Authority (FDA) is 1,280 km2 (490 sq mi).
The Faisalabad Development Authority (FDA) started its operations in October 1976 under The Punjab Development of Cities Act (1976). It is a regulatory body that is responsible for developmental activities in the city.
It is also responsible for the administration and maintenance of building regulations, parks and gardens and subsoil water management. The FDA works with the Water and Sanitation Agency (WASA) to control and maintain the water supply, sewerage and drainage.
The city has some of the best hospitals in the city, including Allied Hospital, District HQ Hospital, Institute of Child Care, PINUM Cancer Hospital, and Faisalabad Institute of Cardiology. There are several private hospitals, clinics, and laboratories in the city that provide good-quality medical facilities to the people of Faisalabad.
Faisalabad city is famous for its historic clock tower and its eight bazaars (markets) around the building. Each of the eight bazaars has a unique name and is known for selling particular goods.
For example, Katchery Bazaar, named for the court (Katchery), is known for its mobile phone and accessory market, and Rail Bazar is a gold and cloth market.
Faisalabad is also home to several parks, most of which are maintained by the Parks and Horticulture Authority, Faisalabad.
The oldest park in the city is Jinnah Garden, the city’s central park, commonly known as “Company Bagh”, where the monument of Sir James Broadwood Lyall is situated. Some of the other parks in the city include Canal Park, Gateway Wildlife and the Pahari Grounds near D Ground.
Faisalabad has many research and educational institutions, such as the University of Agriculture, Government College University, National Textile University, Nuclear Institute for Agriculture and Biology, University of Faisalabad, Government College for Women University and the University of Engineering & Technology of Lahore.
There are many housing societies in Faislabad, such as Wapda Town, DHA Faisalabad, Khayaban Gardens and Citi Housing Faisalabad Samundri Road.
Rawalpindi is one of the Best cities to invest in real estate. It is the capital city of Rawalpindi Division, located in the Punjab province of Pakistan. Rawalpindi is the fourth-largest city proper in Pakistan as well. Rawalpindi is adjacent to Pakistan’s capital of Islamabad, and collectively both are known as the “twin cities”.
The construction of Pakistan’s new purpose-built national capital city of Islamabad in 1961 resulted in investment in the city.
Rawalpindi is also home to the GHQ of the Pakistan Army and is considered to be a central logistics and transportation centre for northern Pakistan. The city is also home to historic Havelis and temples and acts as a centre for tourists visiting Rohtas Fort, Azad Kashmir, Taxila and Gilgit-Baltistan.
The city has state-of-the-art infrastructure and an excellent public transport system. The Rawalpindi-Islamabad Metrobus is a 22.5 km (14.0 mi) bus rapid transit service that connects Rawalpindi to Islamabad from Pak Secretariat in Islamabad to Saddar in Rawalpindi.
Apart from metro bus services, local taxis, rickshaws, and other ride-hailing services are also available in the city. For intercity travel, the M-2 motorway connects Rawalpindi to Lahore and is part of a network of highways under construction that will continue to the port city of Karachi.
Rawalpindi is connected to Peshawar by the M-1 Motorway. The Islamabad International Airport serves Rawalpindi. It offers non-stop flights throughout Pakistan and the Middle East, Europe, North America, Central Asia, East Asia, and Southeast Asia.
Some of the projects where you can invest in Rawalpindi are:
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To explore the Pashtoon culture, one has to visit Peshawar city for sure. It is the capital of the Pakistani province of Khyber Pakhtunkhwa and its largest city. It is the sixth-largest city in Pakistan and the largest Pashtun-majority city in the country.
The city is the epitome of rich Pakistani culture and traditions. The old markets and old sites such as Mohabbat Khan Mosque, Kotla Mohsin Khan, Chowk Yadgar and the Qissa Khawani Bazaar are perfect for experiencing the city’s true colours.
Peshawar’s Industrial Estate on Jamrud Road is an industrial zone established in the 1960s on 868 acres. The industrial estate is the home of furniture, marble industries, and food processing industries.
The city has state-of-the-art infrastructure roads, including the Peshawar Ring Road, to divert traffic away from the city. The Karakoram Highway provides access between the Peshawar region and western China. The Indus Highway provides access to points south of Peshawar.
Some of the significant housing societies in Peshawar include DHA Peshawar, Peshawar Enclave, Hayatabad etc.
Multan is a city and capital of the Multan Division located in Punjab, Pakistan. It is also known as the city of saints. Situated on the bank of the Chenab River, Multan is Pakistan’s 7th largest city. It is also a major cultural and economic centre of Southern Punjab.
Some of the famous residential areas that are worth investing in include Mumtazabad, Peoples Colony, Shah Rukan e Alam, New Multan Colony, Sameja baad, Peer Khurshid Colony, Dolat Gate, Wapda Town Phase 1 & 2, Shahshamus, Multan Cantt, Gulzaib Colony, Shah Faisal Colony, Fort Colony, DHA Multan, Garden Town and Shalimar Colony Multan.
Multan is connected to operational motorways M4 on the north side connecting to Faisalabad and M5 on the south side connecting Sukkar.
Multan has some of the best universities in the country, including Bahauddin Zakariya University, Air University Multan Campus, the NFC Institute of Engineering and Technology, Nishat School and College, Nishtar Medical University, Multan Public School, Multan Medical and Dental College, Institute of Southern Punjab, and Women University Multan.
Karachi is the largest city in Pakistan and the twelfth-largest city in the world. It is the capital of the Pakistani province of Sindh and ranked as a beta-global city. Karachi is famous for being Pakistan’s most cosmopolitan city. It is diverse in terms of linguistics, ethnicity, and religion.
With its location on the Arabian Sea, Karachi serves as a transport hub. It is home to Pakistan’s two largest seaports, the Port of Karachi and Port Bin Qasim, and Pakistan’s busiest airport, the Jinnah International Airport.
The city has a formal economy estimated to be worth $114 billion as of 2014, the largest in the country. Some of Karachi’s most famous housing societies include Bahria Town, DHA, Hadiabad Cooperative Housing Society, Hansa Cooperative Housing Society, and Bahria Cooperative Housing Society.
Islamabad is the capital city of Pakistan and is administered by the Pakistani federal government as part of the Islamabad Capital Territory. It is the ninth-largest city in Pakistan, while the larger Islamabad–Rawalpindi metropolitan area is the country’s third-largest, with about 4.1 million people.
The city is known among the masses for its natural beauty and lush green scenery. The master plan for the town was designed by Greek architect Constantinos Apostolou Doxiadis and divided the city into eight zones, including administrative, diplomatic enclave, residential areas, educational and industrial sectors, commercial areas, and rural and green areas.
The city has some of the best universities globally, including Bahria University, Quaid-e-Azam University, PIEAS, COMSATS University and NUST. The city is rated as one of the safest in Pakistan and has an extensive security system.
The city also has a wide variety of private and public hospitals and clinics providing 24/7 medical assistance to the people.
Some of the best places to invest in real estate include Gulberg Islamabad, Defence Housing Authority Islamabad (DHA), Bahria Towns Islamabad, Capital Smart City, Faisal Town by Zedem, Top City 1 Islamabad, Pakistan Employees Cooperative Housing Society (PECHS) and Islamabad Cooperative Housing Society (ICHS).
So, these are some of the best cities to invest in real estate in Pakistan. If you are looking for investment avenues, we suggest you try out these places for sure.
These cities not only give you good returns but also safeguard your finances. We hope this article will help you out with your future investments.
If you have questions or suggestions regarding these cities, leave a comment in the comment section below, and we will get back to you as soon as possible.