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I think your point is valid Arshad. And the important thing which Pk1 mentioned is someone doing this king of business should be well aware of property market there. Because getting a potential plot in a profitable deal is the first step for this.
And for nowadays its only feasible i guess to start with a small size unit. Esp for the beginners.
2535 days ago
The house building business is a very good one as always. People generally do both property dealing and house building/construction business together. Both businesses complement each other.
There is some saturation but this is still a good business. According to a Zameen report, there is a shortage of around 8 million houses in Pakistan that is further growing with the ratio of 600,000 annually.
For this business you need to devote both time and money; then it will be a success inshAllah.
2546 days ago
The cost of construction have probably risen faster than the house prices therefore margins have been squeezed. House building may not be as profitable as it was in the past.
Do a project and see how it goes. Don't expect to make any profit with the first project. If you do well with the first project then the second should be better.
2545 days ago