As an industrial city, Sialkot is rich with economic activity. Even the real estate sector of the city is no exception. Although the city is not as developed as other big cities in the country such as Lahore and Karachi, the industrial city has progressed a great deal over the past decade and consequently, real estate in Sialkot is also soaring to new heights. Located in the south-east of Punjab and near the gorgeous Chenab River, Sialkot is also host to its very own airport, Sialkot International Airport, as a lot of its population has family members living abroad.
As the 12th most populous city in the country, there is a dire need for property in Sialkot and thus houses in Sialkot and plots in Sialkot are increasingly in demand. Sialkot is an export-oriented city and several items including footballs are exported from the city to other countries across the globe and the city is the exclusive supplier of footballs for the World Cup. As most of the city's people are business-oriented, the city enjoys the highest per capita income of US $1200 in Pakistan. Although the people living in Sialkot have high incomes, Sialkot is devoid of many high-quality housing projects.
Hence, there is a need for high-quality houses in Sialkot and affordable plots in Sialkot, in order to appropriately accommodate the growing population. Moreover, commercial property in Sialkot is also highly demanded as the city is thriving with business activity. Real estate in Sialkot has suffered from stagnation and a slight decline in prices after the imposition of the new tax regime in July 2016. Accordingly, the trade volume of Sialkot property decreased, but rates did not decline drastically.
Citi Housing Sialkot has created quite a stir in Sialkot's realty sector by offering high-end facilities and top of the line infrastructure. DHA and Bahria Town have not yet entered the city. But as these developers are entering other smaller cities in the country, Sialkot might also be on their list.
As most of Sialkot's population is rather affluent and business-oriented, houses in Sialkot are in more demand and apartment culture has not reached the city yet. However, as the city's population continues to grow and real estate in Sialkot continues to get more expensive, the demand for apartments in Sialkot may arise in the time to come. Though the city is not currently undergoing major infrastructural changes, the city may undergo a massive developmental phase in the future because of its importance for the economy of Pakistan.
Sialkot has been slightly neglected in terms of infrastructural development, as more emphasis is given to the popular metropolises. However, as transportation networks and other facilities increase, the city is likely to move up in rank of popularity. Get in touch with real estate agents in Sialkot to buy or rent the property of choice.