Regulatory authority for real estate sector in Pakistan. Real estate market is crucial for promoting commerce and industry, growth and employment, and poverty reduction globally and particularly in a developing economy like Pakistan. The liberalization of the Pakistani economy, the ever increasing population and migration from rural areas to urban centers presents increased business opportunities by creating a huge demand for both commercial and housing space. The real estate and housing construction industry are highly interdependent. In Pakistan about 250 ancillary industries, such as cement, steel, brick, timber and building materials, are dependent on the real estate industry.