Like for every other business to thrive, optimal conditions are required. For the functioning of the human body, exclusive optimization is required. So is true for every business in the world and this is for the real estate business as well.
Requirements for real estate sector
Pakistan is probably a hub of political fiasco and the epitome of political, social, and economic uncertainty; running a business here heavily depends on the direct capital investment that’s linked to the stable economic conditions of the country.
In a country full of opportunities and thriving middle class and ready-to I vest elite class, the only demand of the real estate policy would be a strong and constant economic policy for at least 10 years which would ensure the safety of the investment, which is first and foremost requirement of every investor.
Stable political conditions
You must stabilize your political condition and draw in direct foreign investment and run the business.
A certain and constant economic policy
A very certain policy for constant economy, fixing of the interest rate, and involvement of banks for one window operations for the customers seeking investment in real estate sector would be the cornerstone of policy-making regarding real estate sector.
The rapid rate of urbanization and the rapid inflow of Investors and the demand for securing property for a safe future in Pakistan requires a review of the interest rate and ease of doing business to offer mortgage loans which in turn leads to more inflow of clients.
Importance of Mass Education
Let’s never forget the importance of mass education, which would be the most important factor in spreading awareness. It also teaches people about the importance of the real estate sector and its potential benefits. Targeting young minds regarding the inflow of investment, how to attract clients, and how to offer lucrative business opportunities would enable a mass movement of people and shift of paradigm towards the real estate sector from a very early age of life.
Thus, a joint socio-economic effort coupled with a stable political environment and stabilization of the policy-making process, and involvement of people in the real estate business as a stakeholder in shaping the policies would be the foremost demand of the real estate sector in Pakistan.