There is hardly any need to explain the potential held by Pakistan real estate sector, which is promising enough to entice international investors for erecting the World’s tallest building here. Despite some unfavorable circumstances in the country, the situation of realty sector here holds a lot of merit.
The next major project in pipeline is a joint collaboration between Pakistan’s biggest business tycoon Malik Riaz and the U.S real estate Mogul Thomas Kramer. The project is the Bundal and Buddo Island Housing community. This real estate wonder to be created is another initiative belonging to the Bahria town family.
The American Realtor, Thomas Kramer, has been also responsible for totally revitalizing Miami’s south beach in the 1980’s. He would be providing for the first episode of the investment needed for the Bahria town’s Bandal and Buddo Island housing community. The investment is worth US $ 20 bn which will provide jobs to 2.5 million people in Pakistan.
Not just creating a large niche for accumulating a large number of educated engineers and laborers of the country, this spectacular and grand project boasts to have features like having the World’s largest shopping mall, a media city and massive medical facilities. The island will be connected with Pakistan’s mainland by a six lane highway.
The Bandal and Buddo Island, is expected five to ten years for completion and deliverance. The handing over of the housing will be initiated in 2016. Both the investors seem very positive and hopeful about this project’s absolute success. The chairman of Bahria Town said that the construction sector has played a key role in transforming the USA, Malaysia, Japan, Turkey and Germany into developed nations. He hoped that Pakistan can become a developed nation by giving the due focus to construction.
The American counterpart also expressed his confidence in the people and economy of Pakistan. This milestone project offers a great chance for Pakistan earn solid recognition as one of the leading nations in the world.