Ever wondered why some real estate projects in your city might be drawing more attention than the others? When it comes to buying a property in Pakistan, both local and overseas buyers usually prefer investing in housing societies owned by reputable developers to ensure their investment remains safe. Those looking for short term investments often buy properties in well-developed projects, while those with long term investment plans mostly purchase real estate in developing communities. However, regardless of their development status, there are a few characteristics of good housing societies that seem to be popular among buyers and investors alike.
Since finding the perfect housing society is just as crucial as finding a perfect house or a plot, we’ve put together a list of features that appear to attract buyers the most.
Top Characteristics of Good Housing Societies in Pakistan
Here is a list of most features that appear to make a housing society more appealing.
- Gated community
- Affordable prices and instalment plans
- Approved by concerned authorities
- Amenities and facilities
Let’s individually discuss each of these characteristics of good housing societies.
One of the main features people look for in a housing society is security, which is why gated communities have gained immense popularity over the past decade or so. In fact, construction of such projects is considered one of the fastest-growing real estate trends in Pakistan.
Gated communities in Pakistan can be described as exclusive residential communities that are usually surrounded by a boundary wall or a fence, with trained personnel guarding each point of entry and exit. Along with providing the residents with around-the-clock security, such housing societies also limit the number of outside visitors by only allowing approved dwellers and guests to enter the premises. These restrictions not only help protect the residents against thieves and petty criminals but also play a crucial role in reducing the traffic on the roads of the society while fostering a sense of community living.
In addition to that, living in a gated community provides residents with peace and privacy, as well as offer a safer surrounding for children.
Do you want to further learn why gated communities are among the top characteristics of good housing societies in Pakistan? Well, our comprehensive guide on the benefits of living in a gated community will definitely help you out.
Infrastructure and Planning
Infrastructure, planning and attention to detail are also among the top characteristics of good housing societies in Pakistan.
Some of the factors that make a housing society more popular among buyer include modern architecture, a network of wide and well-paved roads, underground electric cables, proper sewerage and sanitation system, green belts and parks, graveyards, designated parking areas, footpaths and pavements, pedestrian crossings, and much more.
This is one of the main reasons why areas such as Defence Housing Authority (DHA) in Lahore, Bahria Town Karachi and Gulberg Islamabad are considered the top real estate projects for housing in Pakistan. The more meticulously-planned a residential community is, the more investors it is likely to draw.
Affordable Payment Plans
Affordable prices and easy instalment plans are two of the top features of a good housing society.
Residential schemes with state-of-the-art infrastructure and a host of other facilities, usually boast higher property rates. However, in order to encourage buyers from different economic backgrounds, a number of housing societies offer a range of housing options as well as instalment plans.
Truth be told, instalment plans are considered somewhat of a catalyst in the real estate industry since they provide the buyers with an option to pay for their property over a certain period of time in a series of small payments instead of making a huge lump sum payment.
Approved by the concerned authorities
The approval of concerned development and planning authorities, such as LDA in Lahore and CDA in Islamabad, is also one of the most important features of good housing societies. If a residential project has been approved and verified by a local development authority, it is most likely free of property frauds and scams, making it a safe place to invest.
You can check the status of a housing society by visiting the official website of the respective planning and development authority to verify their NOC.
Amenities and facilities
Modern housing societies in Pakistan provide a host of world-class facilities to their residents. Some of the most popular facilities offered by top housing societies across the country include an uninterrupted supply of electricity in the form of backup generators, CCTV surveillance, community centres, sports facilities and playgrounds, access to quality health care and reputable educational institutes, mosques, commercial zones featuring outlets of domestic and international brands, recreational places, restaurants and cafes, and much more. Access to basic utilities such as water and gas connections is also a must.
Usually, housing societies boasting such facilities are relatively expensive. However, they are also the main reason why real estate investors flock to buy property in such residential schemes.
This brings our discussion on the unique features of top housing schemes in Pakistan to an end. If you have any queries about the topic or want to share your suggestions, feel free to get in touch with us by emailing on email@example.com.
Meanwhile, if you are looking for real estate investment opportunities, here is a detailed analysis of buying ready-to-move-in vs under-construction property that you might find helpful. You can also take a look at the facilities and buying trends in the best housing societies in Pakistan by visiting Zameen Area Guides for residential communities in Karachi, Lahore and Islamabad.
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